Global Lending Technology Market Expected to Grow by Over 24% During the Forecast Period, 2019-2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 20, 2019--
The “Lending Technology (LendTech) Market By Organization Size (SMEs, Large Enterprises), By Deployment (On-Premise, Cloud-based), By Type (Syndicated Lending, Commercial Lending, Consumer Lending, Mortgage Lending), and By Geography - Global Forecast up to 2025” report has been added to ResearchAndMarkets.com’s offering.
According to the author, the global LendTech market will grow at a rate of over 24% during the forecast period 2019-2025.
This market research report includes a detailed segmentation of the global LendTech market by organization size (SMEs and large enterprises), by deployment (on-premise and cloud-based), by type (syndicated lending, commercial lending, consumer lending, and mortgage lending), and by geography (North America, Europe, APAC, and RoW).
Overview of the Global LendTech Market
The market for LendTech is predominantly driven by the increasing penetration of the Internet and the rapid adoption of technology by all levels of lending service providers. Increasing adoption of cloud services and automation in the lending process is resulting in reduced cost, rapid implementation, and ease of lending processes.
According to the LendTech market analysis, North America accounted for the largest share of the global LendTech market in 2018. With the presence of the highest number of technology innovators and increasing adoption of lending technology by the lending corporations to enhance customer’s buying experience, this region is expected to dominate the market during the forecast period. The Asia Pacific region is expected to witness the fastest growth rate during the forecast period due to the rising adoption of LendTech solutions for reforming the lending landscape and growing number of start-ups catering to most of the financial areas, including banking, insurance, lending and wealth management.
LendTech Market Research Competitive Analysis and Key Vendors
The report covers and analyzes the key vendors in the global LendTech market. Major vendors across different verticals are increasingly developing products and investing in this market, and as a result, the LendTech market is expected to grow at a good pace in the coming years. The key players in the LendTech market are adopting various organic as well as inorganic growth strategies such as mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies to gain a competitive advantage in the market.
LendTech Market Research Benefits
The report provides an in-depth analysis of the lending technology (LendTech) market. LendTech enables lenders to adopt technologies, including artificial intelligence, big data, and blockchain, to enhance the lending process. The mortgage industry is expected to benefit significantly from lending technology, owing to the execution of transparent loan agreements for personalized loans.
The new lending technology empowered by cloud and automation is reforming loan origination, thereby enhancing efficiency to the process. However, the high cost of deployment, as well as the stringent lending regulations, will create a challenging environment for the LendTech market growth.
The deployment of cloud services will enable lenders to implement the loan origination software (LOS) without the requirement for extra on-premise investments in IT infrastructure and operational overhead, and also will be accessible to lenders irrespective of the location. Similarly, automation enables the rapid processing of loan applications efficiently and precisely by evaluating data collected from the loan application. It is expected that lenders will leverage these lending technologies and result in gaining a competitive advantage in the current fast-paced lending environment.
The growing adoption of new-age technologies, such as AI, will further boost the adoption of lending technology. This adoption is resulting in reduced cost of operations and ease in the lending process. There are several FinTechs in the market that are developing and using lending technology. Prosper, which is a peer-to-peer lending company, allows borrowers and lenders to collaborate and provides new-age lending technology benefits, including affordable rates, good terms, and evaluation, which are not dependent only on credit score.
Key Topics Covered:
1 Executive Summary
1.1 Synopsis of Key Findings
2 Industry Outlook
2.2 Key Industry Trends
3 Market Snapshot
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.2.1 PEST Analysis
3.2.2 Porter’s Five Force Analysis
3.3 Related Markets
4 Market Characteristics
4.1 Market Evolution
4.2 Market Trends and Impact
4.3 Value Chain Analysis
4.4 Market Segmentation
4.5 Market Dynamics
4.5.1 Market Drivers
4.5.2 Market Restraints
4.5.3 Market Opportunities
4.5.4 DRO - Impact Analysis
5 LendTech Market By Organization Size: Market Size and Analysis
5.1.2 Large Enterprises
6 LendTech Market By Deployment Mode: Market Size and Analysis
7 LendTech Market By Type: Market Size and Analysis
7.1.2 Syndicated Lending
7.1.3 Commercial Lending
7.1.4 Consumer Lending
7.1.5 Mortgage Lending
8 LendTech Market By Region: Market Size and Analysis
8.2 North America
9 Competitive Landscape
9.1 Competitor Analysis
9.2 Product/Offerings Portfolio Analysis
9.3 Market Developments
9.3.1 Mergers & Acquisitions (M&A), Expansions, and Partnerships
9.3.2 Business Restructuring
9.3.3 Product Launches & Exhibitions
10 Vendors Profile
10.1.1 Analyst Opinion
10.1.2 Business Analysis
10.5 Lending Solutions Inc.
10.7 Maillon Fintech S.R.L.
10.9 Nelito Systems Ltd.
11.1 Report Scope
11.2 Market Definition
11.3 Research Methodology
11.3.1 Data Collation & In-house Estimation
11.3.2 Market Triangulation
11.4 Study Declarations
11.5 Report Assumptions
For more information about this report visit https://www.researchandmarkets.com/r/vmupr8
View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005355/en/
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SOURCE: Research and Markets
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PUB: 11/20/2019 04:52 AM/DISC: 11/20/2019 04:52 AM