The Digital Lending Platforms Market has categorized the market on the basis of type, component, deployment model, and industry vertical.
SHERIDAN, USA, Nov 15, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, titled “Digital Lending Platforms Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021 -2026 ”, the global digital lending platform market has shown strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 13% during 2021-2026. A digital loan platform (DLP) is a loan contract application that allows easy access to financial products and services. This platform mainly relies on mobile applications and web programs for debt management. DLP offers many advantages, such as increased efficiency, quick decision making, superior loan distribution, simple application process, etc. Right now, various organizations are launching next-generation devices and cloud-based end-to-end lending platforms. Advanced payment methods are leading financial institutions to embrace DLP to deliver fast services, improve revenue, and improve productivity.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Digital lending platform market trends:
The growing adoption of DLP in banking, financial services, and insurance (BFSI) and the growing demand for online banking services are driving the market for digital lending platforms. In addition, due to the outbreak of the COVID-19 pandemic, digital channels are increasingly adopted by financial institutions to lend and solve many challenges. In addition, there is an increasing emphasis on digital automation and the use of various technologies, such as machine learning, data analytics, blockchain, artificial intelligence, etc., to avoid fraud. On top of that, DLP offers electronic signature, easy accessibility, and minimal paperwork, which responds to increasing internet penetration and increases reliance on smartphones. This, in turn, is expected to catalyze the global digital lending platform market in the years to come.
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/digital-lending-platform-market
Key market segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
Dark Knight Inc.
Intellect Design Arena Ltd
Intercontinental Exchange Inc.
Nucleus Software Exports Ltd.
Tavant Technologies and Wipro Limited
Breakdown by type:
Origin of the loan
Collection and recovery
Risk and compliance management
Breakdown by component:
Breakdown by deployment model:
On the site
Breakdown by business sector:
Savings and credit associations
Breakdown by region:
Middle East and Africa
Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
Complete mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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