US Digital Lending Platform Market Report 2022-2027: Increasing Demand for Automation in The Money Lending Process Driving Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “US Digital Lending Platform Market (2022-2027) by Offerings, Point of Service, Deployment Mode, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The US Digital Lending Platform Market is estimated to be USD 3.11 Bn in 2022 and is expected to reach USD 10.65 Bn by 2027, growing at a CAGR of 27.92%.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Market Dynamics
Drivers
- Increasing Demand for Automation in The Money Lending Process
- Rise in Government Initiatives Toward Adoption of Digital Lending Platform
- The Surge in Multichannel Collection Service
- Rise in The Need to Reduce Bad Debt and Maintaining an Accurate Borrower Profile
Restraints
- Higher Dependance on Traditional Lending Methods
- High Cost of Maintenance and Investment
Opportunities
- Specialized Applications of AI/ML
- Growing Demand for Commercial and Consumer Debt Recovery Services
- The Rise in the Use of Analytics-Enabled Collections Models
Challenges
- Network Connectivity and Infrastructural Issues
- Data Security and Privacy Concerns due to Increasing Cyber-Attacks
- Lack of Real-Time Collaboration Between the Borrower and Collector
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 US Digital Lending Platform Market, By Offerings
7 US Digital Lending Platform Market, By Point of Service
8 Competitive Landscape
Companies Mentioned
- Black Knight, Inc
- Built Technologies
- CU Direct Corporation
- Docutech (First American Financial Corporation)
- Ellie Mae, Inc. (Intercontinental Exchange, Inc.)
- Fidelity National Information Services, Inc. (FIS)
- Finantix (InvestCloud Private Banking)
- Finastra (Misys International Limited)
- Fiserv, Inc.
- HiEnd Systems LLC
- ICE Mortgage Technology, Inc.
- Intellect Design Arena Ltd
- Mambu
- Newgen Software Technologies Limited
- Pegasystems Inc.
- Roostify, Inc
- Sageworks (Abrigo
- Sigma Infosolutions Ltd
- Symitar (Jack Henry & Associates, Inc)
- Tavant Technologies
- Temenos AG
- TurnKey Lender
- Wipro Limited
For more information about this report visit https://www.researchandmarkets.com/r/4mzse5
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