Industry Outlook, Growth, Developments and Forecast to 2027 – The Bollywood Post
Global LendTech Market Overview
According to Infoholic Research, the global LendTech market will grow at a rate of over 24% during the forecast period 2019-2025. LendTech’s market is primarily driven by increasing internet penetration and rapid adoption of technology by all levels of lending service providers. Growing adoption of cloud services and automation of the lending process translates into lower costs, faster implementation, and easier lending processes.
According to 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 the increasing adoption of lending technology by technology companies poised to enhance the shopping experience of customers, this region is expected to dominate the market over the forecast period. The Asia-Pacific region is expected to witness the fastest growth rate over the forecast period owing to the increasing adoption of LendTech solutions to reform the lending landscape and the increasing number of start-ups serving most areas financial, including banking, insurance, loans. and wealth management.
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LendTech Market Research Competitive Analysis and Major Vendors
The report covers and analyzes the major vendors of the global LendTech market. Leading vendors across different verticals are increasingly developing products and investing in this market, and hence, the LendTech market is expected to grow at a good pace in the coming years. The major players in the LendTech market are adopting various organic and inorganic growth strategies such as mergers & acquisitions, collaborations & partnerships, joint ventures, and a few other strategies to gain a competitive edge in the market.
Few key vendors in the LendTech market
- To mix together
- Loan Solutions
- Nelito Systems Ltd.
- Q2 Software
These companies provide LendTech solutions in multiple functions. Many other vendors were studied based on portfolio, geographic presence, marketing and distribution channels, revenue generation, and significant R&D investments for the analysis of the entire ecosystem.
LendTech Market Research by Deployment
On the basis of deployment mode, the global LendTech market is segmented into on-premises and cloud-based. The cloud-based segment is expected to grow significantly over the forecast period, owing to the low cost availability as well as its user-friendly nature.
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LendTech Market Research by Organization Size
On the basis of organization size, the global LendTech market is segmented into SMEs and large enterprises. SMBs are expected to grow at a significant rate due to the low cost availability of lending technology, which will result in increased scalability and rapid deployment.
LendTech Market Research by Type
- Syndicated loans
- Commercial loans
- consumer loan
Based on type, the market is segmented into syndicated loans, commercial loans, consumer loans and mortgage loans. Among these, syndicated loans and commercial loans will have a significant contribution during the forecast period 2019-2025, mainly due to the loose lending policies with respect to financial institutions and the demand for fast funding sources. .
Benefits of LendTech Market Research
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 improve the lending process. The mortgage industry stands to benefit significantly from lending technology, through the execution of transparent loan agreements for personalized loans.
New cloud-enhanced lending technology and automation are reforming loan origination, improving the efficiency of the process. However, the high cost of deployment, along with stringent lending regulations, will create a challenging environment for LendTech market growth.
The deployment of cloud services will allow lenders to implement loan origination software (LOS) without requiring additional on-premises investments in IT infrastructure and operational overhead, and will also be accessible to lenders regardless of the location. ‘site. Likewise, automation enables the fast and efficient processing of loan applications by evaluating the data gathered from the loan application. It is expected that lenders will leverage these lending technologies and gain a competitive advantage in today’s rapidly changing lending environment.
The growing adoption of new era technologies, such as AI, will further drive the adoption of lending technology. This adoption results in lower operating costs and an easier loan process. There are several FinTechs in the market that develop and use lending technology. Prosper, which is a peer-to-peer lending company, enables borrowers and lenders to collaborate and offers new-age lending technology benefits, including affordable rates, good terms and valuation, that are not just about rating credit.
Currently, many LendTech players offer several solutions that are used by lenders around the world. The report examines the market in terms of deployment, type, organization size and regions. Additionally, the report provides details of the major challenges and drivers impacting the growth of the market.
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