Authored By: Sarah
08 Aug 2023

Digital Lending Market to witness growth at a CAGR of  19.89% | North America being the dominant region through 2023-2027

The usage of advanced technologies followed by digitalization and the emergence of smart cities and the increasing inhabitant in them has catalyzed the market expansion of the Digital Lending Market across the world. The market for Digital Lending is estimated to grow at a CAGR of 19.89% between 2022 and 2027 with a forecasted revenue growth of USD 19,140.24 million.

Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. 

Understanding the market segments of the Digital Lending Market: When it comes to the overall market segmentation of the market landscape it comprises the market segmentation by type, by geography followed by the fastest growing segment and geography in terms of market growth and driving catalysts.

  • The digital lending market can be segmented by component (solution and service), deployment (on-premises and cloud), and geography (North America, APAC, Europe, South America, and the Middle East and Africa).
  • As per the forecast, the solution segment is estimated to witness significant growth during the forecast period. The solution segment was valued at USD 3,948.87 million in 2017.
  • When it comes to the fastest-growing topography, North America will be a major contributor with a contribution of 33% to the global market.

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Digital Lending Market:

As stated by Forbes, the number of digital wallet users is likely to be expected to grow from 2.3 billion users in 2020 to 4.4 billion users by 2025. Avail our comprehensive report summary describing the market landscape segment-wise in our data-backed report.

Key Companies of the Digital Lending Market: When it comes to the key companies of the Digital Lending Market names worth mentioning are Abrigo, ARGO Data Resource Corp., CoreLogic Inc., CU Direct Corp., Decimal Technologies, Fidelity National Information Services Inc., First American Financial Corp., Fiserv Inc., Intellect Design Arena Ltd., Intercontinental Exchange Inc., Juris Technologies Sdn Bhd, Newgen Software Technologies Ltd., Nucleus Software Exports Ltd., etc.

For instance, Built Technologies Inc. offers digital lending such as built construction loan administration software which provides real-time visibility to construction portfolios while simplifying the complex loan administration process. Download Sample Report for more insights which include qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem.

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