Global Lend Tech Market Overview
According to SPER Market Research, the Global Lend Tech Market is estimated to reach USD 81.33 billion by 2032 with a CAGR of 23.47%.
Lend-Tech is a secure online platform for providing customers with loans and other financial services. LendTech loans provide as a platform online via which banks and other lending institutions can provide loans. Additionally, they help students by providing study loans and other types of financial aid. Due to the multiple benefits offered by the digitalization of banking and financial services, the lendtech sector is expanding as a result of changing client expectations and behaviour. Customers may need the loan for a variety of reasons, including personal loans, finance for small and medium-sized businesses, and mortgage loans, among many others. Additionally, the benefits offered by digital lending platforms, such as enhanced loan optimization of the loan process, quicker decision-making, compliance with rules and norms, and increased company efficiency, fuel the growth of the lendtech market. But the high acquisition costs and security risks associated with digital lending limit the market's expansion. On the other hand, the lendtech market is anticipated to expand in the approaching years thanks to technological developments like the integration of machine learning (ML) and automations. Additionally, the market is anticipated to benefit from lucrative growth possibilities in the future years due to the increased use of digital lending by banks, credit unions, and NBFCs.
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Impact of COVID-19 on the Global Lend Tech Market
Due to the COVID-19 pandemic and the rapid adoption of new technologies, every business sector throughout the world has discovered a path to expedited change, and the financial sector is no different. The way lenders operate is changing as a result of technological developments and changing customer expectations. Additionally, conventional and millennial borrowers are gravitating towards lending technology solutions due to the growing use of smartphones and internet access. Technology is the main enabler of the lendtech business due to the accelerated drive towards the implementation of digital technologies. The industry for digital lending platforms was positively impacted by the COVID-19 pandemic outbreak. In order to better serve their customers, banks and credit unions are particularly enhancing their digital banking services. In addition, banks have started using digital means to distribute loans under the Paycheck Protection Program more regularly during the COVID-19 pandemic.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Component, By Deployment Mode, By Type, By Organization Size, By End Use Industry.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Visa, Inc, American Express Company, Finastra, Q2 Software, Inc., Newgen Software Technologies Limited, Pegasystems Inc., Fiserv, Inc., Nelito Systems Pvt. Ltd., Roostify, Inc.
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Global Lend Tech Market Segmentation:
1. By Component:
2. By Deployment Mode:
3. By Type:
- Consumer Lending
- Business Lending
4. By Organization Size
- Large Enterprises,
- Small and Medium-sized Enterprises (SMEs)
5. By End Use Industry:
6. By Region:
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global LendTech Market (FY’2019-FY’2032)
- Overview of Global LendTech Market
- Segmentation of Global LendTech Market By Component (Solution, Services)
- Segmentation of Global LendTech Market By Deployment Mode (On-Premises, Cloud)
- Segmentation of Global LendTech Market By Type (Consumer Lending, Business Lending)
- Segmentation of Global LendTech Market By Organization Size (Large Enterprises, Small and Medium-sized Enterprises)
- Segmentation of Global LendTech Market By End Use Industry (Banks, Credit Unions, NBFCs)
- Statistical Snap of Global LendTech Market
- Growth Analysis of Global LendTech Market
- Problems and Challenges in Global LendTech Market
- Competitive Landscape in the Global LendTech Market
- Impact of COVID-19 and Demonetization on Global LendTech Market
- Details on Recent Investment in Global LendTech Market
- Competitive Analysis of Global LendTech Market
- Major Players in the Global LendTech Market
- SWOT Analysis of Global LendTech Market
- Global LendTech Market Future Outlook and Projections (FY’2019-FY’2032)
- 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 Global LendTech Market
5. Market variables 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 analysis
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 Global LendTech Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global LendTech Market
7. Global LendTech Market, By Component, 2019-2032 (USD Million)
7.1 Solution
7.2 Services
8. Global LendTech Market, By Deployment Mode, 2019-2032 (USD Million)
8.1 On-Premises
8.2 Cloud
9. Global LendTech Market, By Type, 2019-2032 (USD Million)
9.1 Consumer Lending
9.2 Business Lending
10. Global LendTech Market, By Organization Size, 2019-2032 (USD Million)
10.1 Large Enterprises,
10.2 Small and Medium-sized Enterprises (SMEs)
11. Global LendTech Market, By End Use Industry, 2019-2032 (USD Million)
11.1 Banks
11.2 Credit Unions
11.3 NBFCs
12. Global LendTech Market, By Region, 2019-2032 (USD Million)
12.1 Global LendTech Market Size and Market Share by Region (2019-2025)
12.2 Global LendTech Market Size and Market Share by Region (2026-2032)
12.3 Asia-Pacific
12.3.1 Australia
12.3.2 China
12.3.3 India
12.3.4 Japan
12.3.5 South Korea
12.3.6 Rest of Asia-Pacific
12.4 Europe
12.4.1 France
12.4.2 Germany
12.4.3 Italy
12.4.4 Spain
12.4.5 United Kingdom
12.4.6 Rest of Europe
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia
12.5.2 United Arab Emirates
12.5.3 Rest of Middle East & Africa
12.6 North America
12.6.1 Canada
12.6.2 Mexico
12.6.3 United States
12.7 Latin America
12.7.1 Argentina
12.7.2 Brazil
12.7.3 Rest of Latin America
13.Company Profiles
13.1 American Express Company
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 Finastra
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Fiserv, Inc.
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 Nelito Systems Pvt. Ltd
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 Newgen Software Technologies Limited
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 Pegasystems Inc.
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 Q2 Software, Inc.
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 Roostify, Inc.
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 Visa, Inc
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
14.List of Abbreviations
15.Reference Links
16.Conclusion
17.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
