Asia-Pacific Digital Lending Platform Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Digital Lending Platform Market is estimated to reach USD 16.32 Billion by 2033 with a CAGR of 21.1%.
The report includes an in-depth analysis of the Asia-Pacific Digital Lending Platform Market, including market size and trends, product mix, applications, and supplier analysis. An online platform that links borrowers and lenders, doing away with the necessity for conventional brick-and-mortar institutions, is known as a digital lending platform. A variety of lending services, such as mortgages, business loans, student loans, and personal loans, are provided by these platforms. Advanced technologies like artificial intelligence, machine learning, and big data analytics are employed by them to evaluate the creditworthiness of borrowers and streamline the loan approval procedure.
- In July 2021: Newgen Software is going to introduce NewgenONE, a new platform for digital transformation. The platform facilitates improved consumer engagement and unstructured data handling.
- In June 2021: TPBank of Vietnam and Nucleus Software will work together in June 2021 to improve digital commerce. FinnOne Neo helped TPBank by streamlining processes, enhancing credit evaluations, and offering fast digital loans.
Market Opportunities and Challenges
Opportunities:
- A rapid pace of cutting-edge and novel technologies: Emerging technologies like blockchain, artificial intelligence, and machine learning are predicted to improve the functionality of online lending platforms and create new business prospects. The loan-raising process can be made easy, fast, and transparent by integrating these technologies. Approval times are genuinely scalable thanks to the rapid processing of loan applications by algorithms based on artificial intelligence and machine learning. Furthermore, the block chain-based lending platform creates a direct connection between lenders and borrowers by doing away with middlemen or intermediaries from the lending process.
Challenges:
- Privacy and data security issues: However, obstacles like worries about privacy and data security are anticipated to restrain industry expansion. Concerns concerning data security and privacy protection related to digital lending platforms have already prompted several governments to take action. Furthermore, any system malfunctions, power outages, or connectivity problems could make digital platforms unavailable to end users because they all mostly rely on backend infrastructure and internet access. It is anticipated that additional obstacles, like a predilection for conventional lending practices and lesser levels of internet literacy in underdeveloped nations, may somewhat restrict market expansion.
Market Competitive Landscape
The major key players in the Asia-Pacific Digital Lending Platform Market are: Altair Engineering, Inc., AVEVA Group plc, DXC Technology Company, General Electric, Hexaware Technologies Limited, IBM Corporation, Infosys Limited, KELLTON TECH, Microsoft, NTT DATA, Inc., Oracle, Robert Bosch GmbH, SAP SE, Siemens AG, Tata Consultancy Services Limited, Others. These companies set themselves apart with cutting-edge technology, client-focused strategies, tactical alliances, and a wide range of products. Market participants frequently use mergers and acquisitions, as well as partnerships with financial institutions, to bolster their market positions and grow their clientele.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Component, By Loan amount Size, By Organization Size, By Deployment, By Subscription Type, By Loan Type, By Vertical
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| Regions covered | Australia, China, India, Indonesia, Japan, Malaysia, Philippine, Singapore, South Korea, Thailand, Rest of Asia-Pacific
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| Companies Covered | Altair Engineering Inc, AVEVA Group plc, DXC Technology Company, General Electric, Hexaware Technologies Limited, IBM Corporation, Infosys Limited, KELLTON TECH, Microsoft, NTT DATA, Inc, Oracle, Robert Bosch GmbH, SAP SE, Siemens AG, Tata Consultancy Services Limited, Others |
COVID-19 Impact on Asia-Pacific Digital Lending Platform Market
The market for digital lending platforms has profited from the COVID-19 pandemic. In an effort to better serve their clients in the wake of the pandemic, banks and credit unions are increasing the range of digital banking services they offer. In addition, banks have started extending more loans under the Paycheck Protection Programme using digital channels in COVID-19. Small businesses in the United States can get funding for up to eight weeks through the Pay Check Protection Programme. As per Numerated, a digital lending platform provider, 82 percent of US businesses opt to apply for PPP loans online instead of using conventional methods during COVID-19.
Key Target Audience
- Borrowers
- Consultants and Analysts
- Financial Institutions
- Fintech Companies
- Investors
- Legal and Compliance Professionals
- Loan Officers and Underwriters
- Risk Management Professionals
- Others
Our in-depth analysis of the Asia-Pacific Digital Lending Platform Market includes the following segments:
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By Component:
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Services
Software
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By Loan amount:
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Less than US$ 7,000
US$ 7,001 to US$ 20,000
More than US$ 20,001
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By Organization:
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Large Organization
Small & Medium Organization
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By Deployment:
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Cloud
On-premise
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By Subscription Type:
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Free
Paid
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Key Topics Covered in the Report
- Asia-Pacific Digital Lending Platform Market Size (FY’2024-FY’2033)
- Overview of Asia-Pacific Digital Lending Platform Market
- Segmentation of Asia-Pacific Digital Lending Platform Market By Component (Services, Software)
- Segmentation of Asia-Pacific Digital Lending Platform Market By Loan amount Size (Less than US$ 7,000, US$ 7,001 to US$ 20,000, More than US$ 20,001)
- Segmentation of Asia-Pacific Digital Lending Platform Market By Organization Size (Large Organization, Small & Medium Organization)
- Segmentation of Asia-Pacific Digital Lending Platform Market By Deployment (Cloud, On-premise)
- Segmentation of Asia-Pacific Digital Lending Platform Market By Subscription Type (Free, Paid)
- Segmentation of Asia-Pacific Digital Lending Platform Market By Loan Type (Automotive Loan, Consumer Durable, Home Loan, Personal Loan, SME Finance Loan, Others)
- Segmentation of Asia-Pacific Digital Lending Platform Market By Vertical (Banking, Credit Unions, Financial Services, Insurance Companies, Loan Associations, P2P (Peer-to-Peer) Lenders, Saving)
- Statistical Snap of Asia-Pacific Digital Lending Platform Market
- Expansion Analysis of Asia-Pacific Digital Lending Platform Market
- Problems and Obstacles in Asia-Pacific Digital Lending Platform Market
- Competitive Landscape in the Asia-Pacific Digital Lending Platform Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Digital Lending Platform Market
- Details on Current Investment in Asia-Pacific Digital Lending Platform Market
- Competitive Analysis of Asia-Pacific Digital Lending Platform Market
- Prominent Players in the Asia-Pacific Digital Lending Platform Market
- SWOT Analysis of Asia-Pacific Digital Lending Platform Market
- Asia-Pacific Digital Lending Platform Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia-Pacific Digital Lending Platform Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Digital Lending Platform Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Digital Lending Platform Market
7. Asia-Pacific Digital Lending Platform Market, By Component (USD Million)
7.1. Asia-Pacific Digital Lending Platform Market Value Share and Forecast, By Component, 2024-2033
7.2. Services
7.3. Software
8. Asia-Pacific Digital Lending Platform Market, By Loan amount Size (USD Million)
8.1. Asia-Pacific Digital Lending Platform Market Value Share and Forecast, By Loan amount Size, 2024-2033
8.2. Less than US$ 7,000
8.3. US$ 7,001 to US$ 20,000
8.4. More than US$ 20,001
9. Asia-Pacific Digital Lending Platform Market, By Organization Size (USD Million)
9.1. Asia-Pacific Digital Lending Platform Market Value Share and Forecast, By Organization Size, 2024-2033
9.2. Large Organization
9.3. Small & Medium Organization
10. Asia-Pacific Digital Lending Platform Market, By Deployment (USD Million)
10.1. Asia-Pacific Digital Lending Platform Market Value Share and Forecast, By Deployment, 2024-2033
10.2. Cloud
10.3. On-premise
11. Asia-Pacific Digital Lending Platform Market, By Subscription Type (USD Million)
11.1. Asia-Pacific Digital Lending Platform Market Value Share and Forecast, By Subscription Type, 2024-2033
11.2. Free
11.3. Paid
12. Asia-Pacific Digital Lending Platform Market, By Loan Type (USD Million)
12.1. Asia-Pacific Digital Lending Platform Market Value Share and Forecast, By Loan Type, 2024-2033
12.2. Automotive Loan
12.3. Consumer Durable
12.4. Home Loan
12.5. Personal Loan
12.6. SME Finance Loan
12.7. Others
13. Asia-Pacific Digital Lending Platform Market, By Vertical (USD Million)
13.1. Asia-Pacific Digital Lending Platform Market Value Share and Forecast, By Vertical, 2024-2033
13.2. Banking
13.3. Credit Unions
13.4. Financial Services
13.5. Insurance Companies
13.6. Loan Associations
13.7. P2P (Peer-to-Peer) Lenders
13.8. Saving
14. Asia-Pacific Digital Lending Platform Market Forecast, 2020-2033 (USD Million)
14.1. Asia-Pacific Digital Lending Platform Market Size and Market Share
15. Asia-Pacific Digital Lending Platform Market, By Component, 2020-2033 (USD Million)
15.1. Asia-Pacific Digital Lending Platform Market Size and Market Share By Component (2020-2026)
15.2. Asia-Pacific Digital Lending Platform Market Size and Market Share By Component (2027-2033)
16. Asia-Pacific Digital Lending Platform Market, By Loan amount Size, 2020-2033 (USD Million)
16.1. Asia-Pacific Digital Lending Platform Market Size and Market Share By Loan amount Size (2020-2026)
16.2. Asia-Pacific Digital Lending Platform Market Size and Market Share By Loan amount Size (2027-2033)
17. Asia-Pacific Digital Lending Platform Market, By Organization Size, 2020-2033 (USD Million)
17.1. Asia-Pacific Digital Lending Platform Market Size and Market Share By Organization Size (2020-2026)
17.2. Asia-Pacific Digital Lending Platform Market Size and Market Share By Organization Size (2027-2033)
18. Asia-Pacific Digital Lending Platform Market, By Deployment, 2020-2033 (USD Million)
18.1. Asia-Pacific Digital Lending Platform Market Size and Market Share By Deployment (2020-2026)
18.2. Asia-Pacific Digital Lending Platform Market Size and Market Share By Deployment (2027-2033)
19. Asia-Pacific Digital Lending Platform Market, By Subscription Type, 2020-2033 (USD Million)
19.1. Asia-Pacific Digital Lending Platform Market Size and Market Share By Subscription Type (2020-2026)
19.2. Asia-Pacific Digital Lending Platform Market Size and Market Share By Subscription Type (2027-2033)
20. Asia-Pacific Digital Lending Platform Market, By Loan Type, 2020-2033 (USD Million)
20.1. Asia-Pacific Digital Lending Platform Market Size and Market Share By Loan Type (2020-2026)
20.2. Asia-Pacific Digital Lending Platform Market Size and Market Share By Loan Type (2027-2033)
21. Asia-Pacific Digital Lending Platform Market, By Vertical, 2020-2033 (USD Million)
21.1. Asia-Pacific Digital Lending Platform Market Size and Market Share By Vertical (2020-2026)
21.2. Asia-Pacific Digital Lending Platform Market Size and Market Share By Vertical (2027-2033)
22. Asia-Pacific Digital Lending Platform Market, By Region, 2020-2033 (USD Million)
22.1. Asia-Pacific Digital Lending Platform Market Size and Market Share By Region (2020-2026)
22.2. Asia-Pacific Digital Lending Platform Market Size and Market Share By Region (2027-2033)
22.3. Australia
22.4. China
22.5. India
22.6. Indonesia
22.7. Japan
22.8. Malaysia
22.9. Philippine
22.10. Singapore
22.11. South Korea
22.12. Thailand
22.13. Rest of Asia-Pacific
23. Company Profile
23.1. Altair Engineering, Inc.
23.1.1. Company details
23.1.2. Financial outlook
23.1.3. Product summary
23.1.4. Recent developments
23.2. AVEVA Group plc
23.2.1. Company details
23.2.2. Financial outlook
23.2.3. Product summary
23.3. Recent developments
23.4. DXC Technology Company
23.4.1. Company details
23.4.2. Financial outlook
23.4.3. Product summary
23.4.4. Recent developments
23.5. General Electric
23.5.1. Company details
23.5.2. Financial outlook
23.5.3. Product summary
23.5.4. Recent developments
23.6. Hexaware Technologies Limited
23.6.1. Company details
23.6.2. Financial outlook
23.6.3. Product summary
23.6.4. Recent developments
23.7. IBM Corporation
23.7.1. Company details
23.7.2. Financial outlook
23.7.3. Product summary
23.7.4. Recent developments
23.8. Infosys Limited
23.8.1. Company details
23.8.2. Financial outlook
23.8.3. Product summary
23.8.4. Recent developments
23.9. KELLTON TECH
23.9.1. Company details
23.9.2. Financial outlook
23.9.3. Product summary
23.9.4. Recent developments
23.10. Microsoft
23.10.1. Company details
23.10.2. Financial outlook
23.10.3. Product summary
23.10.4. Recent developments
23.11. NTT DATA, Inc.
23.11.1. Company details
23.11.2. Financial outlook
23.11.3. Product summary
23.11.4. Recent developments
23.12. Oracle
23.12.1. Company details
23.12.2. Financial outlook
23.12.3. Product summary
23.12.4. Recent developments
23.13. Robert Bosch GmbH
23.13.1. Company details
23.13.2. Financial outlook
23.13.3. Product summary
23.13.4. Recent developments
23.14. SAP SE
23.14.1. Company details
23.14.2. Financial outlook
23.14.3. Product summary
23.14.4. Recent developments
23.15. Siemens AG
23.15.1. Company details
23.15.2. Financial outlook
23.15.3. Product summary
23.15.4. Recent developments
23.16. Tata Consultancy Services Limited
23.16.1. Company details
23.16.2. Financial outlook
23.16.3. Product summary
23.16.4. Recent developments
23.17. Others
24. List of Abbreviations
25. Reference Links
26. Conclusion
27. Research Scope