Global Digital Lending Market Size, Growth, Industry Trends | Emergen Research

The global digital lending market size was USD 12.35 Billion in 2022 and is expected to register a steady revenue CAGR of 13.8% during the forecast period, according to latest analysis by Emergen Research.

The Global Digital Lending Market Report offers extensive knowledge and information about the Digital Lending market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Digital Lending market further validated and verified by the industry experts and professionals. The Global Digital Lending Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Digital Lending market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.

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The global digital lending market size was USD 12.35 Billion in 2022 and is expected to register a steady revenue CAGR of 13.8% during the forecast period, according to latest analysis by Emergen Research. Rising Internet and smartphone usage and government protection policies and actions and increasing better customer experiences and use of ML, AI, and blockchain technologies for digital lending are key factors driving market revenue growth.

Digital lending offers advantages such as easy information collection of customers, improved load disbursement process, efficiency enhancement, guaranteed faster decision making, and greater consistency of lending process. The recent development of Unified Payment Interface (UPI) is increasing use of digital lending due to cashless transaction procedures through peer-to-peer, interbank, and merchant channels, instant payments and money transfer, protection of personal information of customers, cashback and rewards facility, and monetary transactions through multiple accounts at any point of time. Pre-approved credit limits via UPI are expected to connect the traditional banking industry and create new digital lending choices for banks and non-bank financial institutions. As a result, the governments are taking various initiatives to include UPI in various economic processes and expanding the facilities provided by UPI in other unreached areas of action. For instance, on 6 April 2023, the government of India announced pre-approved credit lines to banks via UPI. The project stimulates innovation and increases the impact of UPI by providing borrowers with access to digital credit lines from banks via UPI. Furthermore, this immediately reduces the number of cards, time, and effort required by clients, making UPI transactions simple, which is expected to drive revenue growth of the market.

The Global Digital Lending Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

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The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.

Top competitors of the Digital Lending Market profiled in the report include:

Tavant, FIS, Fiserv, Inc., Newgen Software Technologies Limited, Pegasystems Inc., Nucleus Software Exports Ltd., Roostify, Inc., Sigma Infosolutions, Temenos, and Intellect Design Arena Ltd

Emergen Research has segmented the global Digital Lending on the basis of product, fitting, application, and region:

  • Component Outlook (Revenue, USD Billion; 2019-2032)

    • Solutions
    • Services

 

  • Deployment Outlook (Revenue, USD Billion; 2019-2032)

    • On- Premises
    • Cloud

 

  • Application Outlook (Revenue, USD Billion; 2019-2032)

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

 

Regional Analysis of the Digital Lending Market:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Market Overview:

The research report on the Digital Lending market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Digital Lending business sphere.

Key Objectives of the Report:

  • Analysis and estimation of the Digital Lending market size and share for the projected period of 2020-2027
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Digital Lending market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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Digital Lending Snapshots

 

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