Asia-Pacific Digital Lending Platform Market Trends, Leading Players, and Business Insights.
Asia-Pacific Digital Lending Platform Market – Industry Trends and Forecast to 2027
Asia-Pacific Digital Lending Platform Market, By Component (Solutions, Services), Deployment Model (On Premises, Cloud), Loan Amount Size (Less than US$ 7,000, US$ 7,001 to US$ 20,000, More than US$ 20,001), Subscription Type (Free, Paid), Loan Type (Automotive Loan, SME Finance Loan, Personal Loan, Home Loan, Consumer Durable, Others), Vertical (Banking, Financial Services, Insurance Companies, P2P (Peer-to-Peer) Lenders, Credit Unions, Saving and Loan Associations) – Industry Trends and Forecast to 2027
Market Analysis and Size
· Data Bridge Market Research analyses that the Asia-Pacific Digital Lending Platform Market was valued at 16930.68 million in 2021 and is expected to reach the value of USD 69937.32 million by 2029, at a CAGR of 19.8 % during the forecast period of 2020 to 2027.
Asia-Pacific Digital Lending Platform Market Scope and Market Size
Digital lending platform market is segmented on the basis of component, deployment model, loan amount size, subscription type, loan type and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of component, the market is segmented into solutions and services. In 2020, solutions segment holds the largest share in component segment as it requires high initial cost, on the other hand services incur low cost expenditure on occasional basis.
· On the basis of deployment model, the market is segmented into cloud, and on premises. In 2020, on premises segment dominates the deployment model segment considering large enterprises opt for on premises installations, however cloud is growing at higher rate due to specifications based costing.
· On the basis of loan amount size, the market is segmented into less than US$ 7,000, US$ 7,001 to US$ 20,000, and more than US$ 20,001. In 2020, loan amount size segment is dominated by less than US$ 7,000 segment category majorly due to people preferring low amount of loan through digital lending platforms, however due to increasing assurance of these platforms US$ 7,001 to US$ 20,000 category is growing at higher CAGR.
· On the basis of subscription type, the market is segmented into free, and paid. In 2020, subscription type segment is dominated by free subscription segment since small enterprises opt for free services for cost cutting, on the other hand with rapidly growing market for digital lending platforms paid subscriptions are being adopted by lenders.
· On the basis of loan type, the market is segmented into automotive loan, SME finance loan, personal loan, home loan, consumer durable and others. In 2020, automotive loan segment holds the largest market share in the loan type segment due to growing vehicle sales in the region on instalment basis.
· On the basis of vertical, the market is segmented into banking, financial services, insurance companies, P2P (peer-to-peer) lenders, credit unions, saving and loan associations. In 2020, banking segment dominates vertical segment as solutions such as loan origination and loan managements which are major applications of digital lending platforms are usually completed through banks considering better services offered by banks. Also, other solutions such as portfolio management can also be done by banks using lending platforms.
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Digital Lending Platform Market Country Level Analysis
· The countries covered in Asia-Pacific digital lending platform market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and rest of Asia-Pacific.
Rising Demand of Digital Lending Platform in Digital Lending Platform Market
· Digital lending platform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to digital lending platform market.
The major players covered in the report are
· Finastra, Fiserv, Inc.,
· Newgen Software Technologies Limited,
· Nucleus Software Exports Ltd.,
· Intellect Design Arena Ltd,
· Sigma Infosolutions,
· FIS, Pegasystems Inc.,
· Tavant, Decimal Technologies,
· Mambu GmbH,
· Turnkey Lender, DocuSign Inc.
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MAJOR TOC OF THE REPORT
· INTRODUCTION
· MARKET SEGMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
· QUESTIONNAIRE
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