The global digital lending platform market is expected to grow at a CAGR of around 16.8% from 2021 to 2028 and expected to reach the market value of around US$ 20.5 Bn by 2028.
Report coverage
| Market |
Digital Lending Platform Market |
| Analysis Period |
2017 - 2028 |
| Base Year |
2020 |
| Forecast Data |
2021 - 2028 |
| Segments Covered |
By Solution, By Service, By Deployment, By End-use and By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
KreditBee, Kissht, PolicyBazaar, Loanboox GmbH, Credible, Tyro Payments Limited, Fundbox, On Deck Capital, Funding Circle, and among others |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation |
A digital lending platform (DLP) is a mortgage point-of-sale (POS) tool that automates the process from lead to rate lock. A digital lending platform has the potential to improve the precision and efficiency of access to financial products and services. Furthermore, digitizing the lending process provides far more powerful benefits for banks, including better decisions, improved customer experience and satisfaction, and significant cost savings.
Key Takeaways:
Peer-to-Peer Lending (P2P) has gained significant importance for the growth of global digital lending platform market
P2P lending is a crowd-funding process combined with the use of an online platform that connects lenders and borrowers on a single platform to offer unsecured loans. The P2P platform collects loan repayments and performs preliminary creditworthiness assessments on borrowers. There are several P2P lending platforms in India. Some of these P2P lenders are heavily involved in the microfinance business, with a primary focus on social impact and providing credit to small entrepreneurs. This web-based platform connects lenders and borrowers on a single platform. One of the most significant benefits of P2P lending for borrowers is lower associated rates when compared to those offered by money lenders/unorganized sector, and the benefits for lenders are higher returns than those offered by conventional investment opportunities.
Market Drivers
Digital lending platform has 100% gains during the COVID-19 pandemic
According to a World Bank report, the current COVID-19 pandemic has increased the importance of digital financial services in keeping financial systems running smoothly. As digitalization has gained prominence in the global digital lending platform market, it has aided in the faster achievement of sustainable development goals. For example, the current COVID-19 pandemic has heightened the importance of leveraging fintech to keep the financial system running in the face of social distancing, failing demand, reduced input supply, tightening credit conditions, and rising population uncertainty. Fintech is assisting the government in reaching out to people quickly and securely with cash transfers and other forms of financial assistance, as well as meeting business needs with emergency liquidity. As a result, the Corona virus pandemic has provided lucrative benefits for digital financial services in a variety of dimensions, with one critical role being the achievement of long-term development goals.
Partnerships between banks for digital lending platform market has gained maximum profits
Several banks have recently welcomed collaboration in order to reach larger milestones related to digital lending platforms. National Australia Bank (NAB), for example, has partnered with Xero, a cloud-based accounting software solution. Furthermore, in India, ICICI Bank has partnered with Paytm to provide short-term instant digital credit. Apart from that, startups have made significant profits by remaining at the forefront by providing a variety of digital lending platforms for consumers. By heavily leveraging data to automate loan underwriting for consumers, they have capitalized on the consumers by offering instant funds through a seamless experience. Popular examples of such startups providing digital lending platform include Alibaba, Kabbage, Ondeck, and Lending Club.
Stringent regulatory framework bolsters the growth of global digital lending platform market
According to the OECD report, banking is undergoing a transformation from being physically available to incorporating information technology (IT) and big data for highly specialized human capital. Digital technology may have a positive impact on the banking sector's increasing competitiveness and contestability. By restructuring the regulatory framework, the banking sector will transition to a customer-centric platform-based model. The Digital Lenders Association of India (DLAI) has recently issued a framework for a new code of conduct for all of its members, emphasizing responsible lending practices and ethical collection practices. The goal of such a code of conduct is to ensure that the digital lending industry creates common safeguards for the interests of customers. For example, the new guidelines state definitively that lenders may not include unethical features in their product offerings. Through the implementation of a new code requiring stricter compliance and an active focus on employee training in the organization under association maintenance digital lending platform market grow with a stronger pace.
Market Segmentation
The global digital lending platform market is segmented as solution, service, deployment, and end-use. Based on solution, the market is segmented as business process management, lending analytics, loan management, loan origination, risk & compliance management, and others. Further, service segment is segmented as design & implementation, training & education, risk assessment, consulting, and support & maintenance. By deployment, the market is bifurcated into on-premise and cloud. By end-use, the market is segmented as banks, insurance companies, credit unions, savings &loan associations, peer-to-peer lending, and others.
Based on solution, the business process management segment will take a forefront lead in the global digital lending platform market. By service, the design and implementation segment will record a dominating share for the global digital lending platform market. Further, by deployment the on-premise segment holds the dominating share for digital lending platform market and is anticipated to continue similar trend till the forecast period. Furthermore, based on the end-use, the banks segment holds a reasonable account of market share currently and will continue to do so till the forecast period for the global digital lending platform market.
Regional Overview
North America dominates; Asia Pacific to witness fastest growing CAGR for the digital lending platform market
North America is expected to hold the largest share of the digital lending platform market in the coming years. This is due to the presence of prominent players providing a diverse range of product offerings to a large consumer base. Furthermore, the region has seen a significant increase in the adoption of advanced technologies related to banking services for convenience. Such factors have a positive impact on the growth of the digital lending platform market.
Asia Pacific, on the other hand, is expected to have the fastest growing CAGR in the digital lending platform market. This region has a strong startup foundation for a variety of digital lending platform product offerings to an ever-growing population base. This is one of the major factors driving the growth of the digital lending platform market.
Competitive Landscape
The prominent players of the global digital lending platform market involve KreditBee, Kissht, PolicyBazaar, Loanboox GmbH, Credible, Tyro Payments Limited, Fundbox, On Deck Capital, Funding Circle, and among others
Market Segmentation
Market By Solution
Business Process Management
Lending Analytics
Loan Management
Loan Origination
Risk & Compliance Management
Others
Market By Service
Design & Implementation
Training & Education
Risk Assessment
Consulting
Support & Maintenance
Market By Deployment
On-premise
Cloud
Market By End-use
Banks
Insurance Companies
Credit Unions
Savings & Loan Associations
Peer-to-Peer Lending
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Digital Lending Platform
1.1. Definition and Scope
1.1.1. Definition of Digital Lending Platform
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Digital Lending Platform Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Digital Lending Platform Market By Solution
1.2.3. Digital Lending Platform Market By Service
1.2.4. Digital Lending Platform Market By Deployment
1.2.5. Digital Lending Platform Market By End-use
1.2.6. Digital Lending Platform Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Regulatory Compliance
3.6. Competitive Landscape, 2019
3.6.1. Player Positioning Analysis
3.6.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Digital Lending Platform Market By Solution
4.1. Introduction
4.2. Digital Lending Platform Revenue By Solution
4.2.1. Digital Lending Platform Revenue (US$ Mn) and Forecast, By Solution, 2016-2027
4.2.2. Business Process Management
4.2.2.1. Business Process Management Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Lending Analytics
4.2.3.1. Lending Analytics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Loan Management
4.2.4.1. Loan Management Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.5. Loan Origination
4.2.5.1. Loan Origination Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.6. Risk & Compliance Management
4.2.6.1. Risk & Compliance Management Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.7. Others
4.2.7.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Digital Lending Platform Market Revenue By Service
5.1. Introduction
5.2. Digital Lending Platform Revenue (US$ Mn) By Service
5.2.1. Digital Lending Platform Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
5.2.2. Design & Implementation
5.2.2.1. Design & Implementation Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Training & Education
5.2.3.1. Training & Education Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Risk Assessment
5.2.4.1. Risk Assessment Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Consulting
5.2.5.1. Consulting Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.6. Support & Maintenance
5.2.6.1. Support & Maintenance Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Digital Lending Platform Market By Deployment
6.1. Introduction
6.2. Digital Lending Platform Revenue (US$ Mn) By Deployment
6.2.1. Digital Lending Platform Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
6.2.2. On-premise
6.2.2.1. On-premise Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Cloud
6.2.3.1. Cloud Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Digital Lending Platform Market By End-use
7.1. Introduction
7.2. Digital Lending Platform Revenue (US$) By End-use
7.2.1. Digital Lending Platform Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
7.3. Banks
7.3.1. Banks Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.4. Insurance Companies
7.4.1. Insurance Companies Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.5. Credit Unions
7.5.1. Credit Unions Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.6. Savings & Loan Associations
7.6.1. Savings & Loan Associations Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.7. Peer-to-Peer Lending
7.7.1. Peer-to-Peer Lending Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.8. Others
7.8.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Digital Lending Platform Market By Country
8.1. North America Digital Lending Platform Overview
8.2. U.S.
8.2.1. U.S. Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016-2027
8.2.2. U.S. Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
8.2.3. U.S. Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016-2027
8.2.4. U.S. Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.3. Canada
8.3.1. Canada Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016-2027
8.3.2. Canada Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
8.3.3. Canada Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016-2027
8.3.4. Canada Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Digital Lending Platform Market By Country
9.1. Europe Digital Lending Platform Market Overview
9.2. U.K.
9.2.1. U.K. Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016-2027
9.2.2. U.K. Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.2.3. U.K. Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016-2027
9.2.4. U.K. Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.3. Germany
9.3.1. Germany Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016-2027
9.3.2. Germany Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.3.3. Germany Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016-2027
9.3.4. Germany Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.4. France
9.4.1. France Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016-2027
9.4.2. France Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.4.3. France Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016-2027
9.4.4. France Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.5. Spain
9.5.1. Spain Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016-2027
9.5.2. Spain Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.5.3. Spain Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016-2027
9.5.4. Spain Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016-2027
9.6.2. Rest of Europe Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.6.3. Rest of Europe Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016-2027
9.6.4. Rest of Europe Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Digital Lending Platform Market By Country
10.1. Asia Pacific Digital Lending Platform Market Overview
10.2. China
10.2.1. China Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
10.2.2. China Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.2.3. China Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
10.2.4. China Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.3. Japan
10.3.1. Japan Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
10.3.2. Japan Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.3.3. Japan Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
10.3.4. Japan Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.4. India
10.4.1. India Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
10.4.2. India Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.4.3. India Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
10.4.4. India Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.5. Australia
10.5.1. Australia Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
10.5.2. Australia Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.5.3. Australia Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
10.5.4. Australia Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
10.6.2. South Korea Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.6.3. South Korea Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
10.6.4. South Korea Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
10.7.2. Rest of Asia-Pacific Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.7.3. Rest of Asia-Pacific Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
10.7.4. Rest of Asia-Pacific Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Digital Lending Platform Market By Country
11.1. Latin America Digital Lending Platform Market Overview
11.2. Brazil
11.2.1. Brazil Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
11.2.2. Brazil Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
11.2.3. Brazil Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
11.2.4. Brazil Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
11.3.2. Mexico Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
11.3.3. Mexico Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
11.3.4. Mexico Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
11.4.2. Rest of Latin America Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
11.4.3. Rest of Latin America Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
11.4.4. Rest of Latin America Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 – 2027
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Digital Lending Platform Market By Country
12.1. Middle East & Africa Digital Lending Platform Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
12.2.2. Saudi Arabia Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
12.2.3. Saudi Arabia Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
12.2.4. Saudi Arabia Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.3. UAE
12.3.1. UAE Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
12.3.2. UAE Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
12.3.3. UAE Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
12.3.4. UAE Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Solution, 2016 - 2027
12.4.2. Rest of Middle East & Africa Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
12.4.3. Rest of Middle East & Africa Digital Lending Platform Market Revenue (US$ Mn) and Forecast By Deployment, 2016 - 2027
12.4.4. Rest of Middle East & Africa Digital Lending Platform Market Revenue (US$ Mn) and Forecast By End-use, 2016 – 2027
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Digital Lending Platform
13.1. Digital Lending Platform Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Digital Lending Platform Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. KreditBee
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. KreditBee 2019 Digital Lending Platform Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Kissht
14.3. PolicyBazaar
14.4. Loanboox GmbH
14.5. Credible
14.6. Tyro Payments Limited
14.7. Fundbox
14.8. On Deck Capital
14.9. Funding Circle
14.10. Others
