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Digital Lending Platform Market Size Is Projected to Reach $26.26 Billion by 2028 | CAGR: 13.5%: Polaris Market Research

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Digital Lending Platform Market Size Is Projected to Reach $26.26 Billion by 2028 | CAGR: 13.5%: Polaris Market Research

November 17
21:52 2021
Digital Lending Platform Market Size Is Projected to Reach $26.26 Billion by 2028 | CAGR: 13.5%: Polaris Market Research
Polaris Market Research.
According to a new study published by Polaris Market Research The global digital lending platform market was valued at USD 9.71 billion in 2020 and is expected to reach USD 26.26 billion by 2028 to grow at a CAGR of 13.5% during the forecast period.

The global digital lending platform market size is expected to reach USD 26.26 billion by 2028 according to a new study by Polaris Market Research. The report “Digital Lending Platform Market Share, Size, Trends, Industry Analysis Report, By Solution (Business Process Management, Lending Analytics, Loan Management, Loan Origination, Risk & Compliance Management, Others), By Service, By Deployment, By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The markets are driven by the factors such as the increasing number of government initiatives coupled with the growing trend of digitalization in the financial sectors. In addition, the increasing penetration of smartphones as well as the adoption of the internet in the modernized society is acting as a catalyzing factor for the global market development. Furthermore, technological development such as the growing adoption of cloud-based platforms and integration of artificial intelligence (AI) is also creating lucrative growth in the upcoming years.

Request A Sample Report At: https://www.polarismarketresearch.com/industry-analysis/digital-lending-platform-market/request-for-sample

 Market Size

Competitive Insight :

Major participants such as Abrigo, Built Technology, Cu Direct, Docutech, Ellie Mae, Inc., FIS, Fiserv, Inc, Ice Mortgage Technology, Intellect Design Arena, Newgen Software, Nucleus Software, Pegasystems Inc., Sigma Infosolutions, Tavant, Temenos, Turnkey Lenders, Wilzni are some of the key players operating in the global market. There are various market players launching new products into the global industry to expand their trading operations. For instance, in July 2021, Aussie Fintech Bluestone introduced its new offering platform. This launch includes a considerable number of innovative features and development consisting of a collection of service capabilities and new loan originations.

Market Insight:

The growing support of governments for adopting digital lending platforms and creating stringent regulations for smooth operational flow is the chief driving factors for the industry. Various organizations follow the government’s frame compliance rules and regulations because of the sensitivity of financial data. The increasing number of cyber-attacks is associated with the launch of several compliances that protect financial data. For instance, in January 2021, the Reserve Bank of India (RBI) declared that they created a working group for studying phases of digital offering activities, which is performed by regulated and un-regulated vendors that also comprise mobile phone apps. Therefore, these government policies and regulations may propel the demand of the industry in the near future.

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Polaris Market Research has segmented the digital lending platform market report on the basis of solution, service, deployment, end-use and region: 

 

Digital Lending Platform, Solution Outlook (Revenue – USD Million, 2016 – 2028)

  • Business Process Management
  • Lending Analytics
  • Loan Management
  • Loan Origination
  • Risk & Compliance Management
  • Others

 

Digital Lending Platform, Service Outlook (Revenue – USD Million, 2016 – 2028)

  • Design & Implementation
  • Training & Education
  • Risk Assessment
  • Consulting
  • Support & Maintenance

 

Digital Lending Platform, Deployment Outlook (Revenue – USD Million, 2016 – 2028)

  • On-premise
  • Cloud

 

Digital Lending Platform, End-Use Outlook (Revenue – USD Million, 2016 – 2028)

  • Banks
  • Insurance Companies
  • Credit Unions
  • Savings & Loan Associations
  • Peer-to-Peer
  • Others

 

Digital Lending Platform, Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Indonesia
    • South Korea
  • Central & South America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

 

Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At : https://www.polarismarketresearch.com/industry-analysis/digital-lending-platform-market/speak-to-analyst

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Other Studies Relevant to this industryhttps://www.polarismarketresearch.com/industry/Information-and-Communication-Technology

 

About Polaris Market Research 

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers

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City: New York City
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Website: https://www.polarismarketresearch.com/industry-analysis/digital-lending-platform-market

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