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LendTech Market By Component, By Deployment Mode, By Type, By Organization Size, By End User: Global Opportunity Analysis and Industry Forecast, 2022-2031

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    Report

  • 480 Pages
  • September 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751151
Description Jump to:
Lending technology is a secure online method of delivering loans and financial services to customers. Customers can access a digital platform from banks and other financial lending organizations to handle loans and related operations. In addition, today, a lot of FinTech businesses include lending in their services, which has provided many customers with a smooth and convenient experience.

Ease of applying loans for borrowers and numerous other benefits for lenders, such as automated loan management, and rapid loan approval are shifting their attention toward digital lending, thus driving the lendtech market growth. In addition, rise in government initiatives toward lending technology and increased focus towards digitalizing lending process are becoming major factors propelling the growth of lendtech. However, rise in security & compliance concerns is expected to hinder the growth of lendtech market. On the contrary, technological advancements, such as integration of cloud-based model allows firms to manage all the applications simultaneously, which is expected to offer remunerative opportunities for the expansion of lendtech market during the forecast period.

The lendtech market is segmented on the basis of component, deployment mode, type, organization size, end user and region. On the basis of component, it is categorized into solution and services. On the basis of deployment mode, it is classified into on-premise and cloud. On the basis of type, it is divided into consumer lending and business lending. By organization size, large enterprises and small and medium-sized enterprises. By end user, it is segmented into banks, credit unions and NBFCs. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the lendtech market such as Visa, Inc., American Express, Fiserv, Inc., Finastra, Nelito Systems Pvt. Ltd., Q2 Software, Inc., Newgen Software Technologies Limited, FIS, Roostify, Inc., and Pegasystems Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the lendtech industry.

Key Benefits For Stakeholders

  • The study provides in-depth analysis of the global lendtech market along with the current & future trends to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, & opportunities and their impact analysis on the global lendtech market size are provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global lendtech market from 2021 to 2031 is provided to determine the market potential.

Additional benefits you will get with this purchase are:

  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Market share analysis of players by products/segments
  • Regulatory Guidelines
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • SWOT Analysis

Key Market Segments

By Component

  • Solution
  • Services

By Deployment Mode

  • On-Premises
  • Cloud

By Type

  • Consumer Lending
  • Business Lending

By Organization Size

  • Small and Medium-sized Enterprises
  • Large Enterprises

By End User

  • Banks
  • Credit Unions
  • NBFCs

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
  • Key Market Players
  • Q2 Software, Inc.
  • Finastra
  • Newgen Software Technologies Limited
  • Visa, Inc
  • fis
  • Pegasystems Inc.
  • American Express Company
  • Fiserv, Inc.
  • Nelito Systems Pvt. Ltd.
  • Roostify, Inc.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
CHAPTER 4: LENDTECH MARKET, BY COMPONENT
4.1. Overview
4.2. Solution
4.3. Services
CHAPTER 5: LENDTECH MARKET, BY DEPLOYMENT MODE
5.1. Overview
5.2. On-Premises
5.3. Cloud
CHAPTER 6: LENDTECH MARKET, BY TYPE
6.1. Overview
6.2. Consumer Lending
6.3. Business Lending
CHAPTER 7: LENDTECH MARKET, BY ORGANIZATION SIZE
7.1. Overview
7.2. Large Enterprises
7.3. Small and Medium-sized Enterprises
CHAPTER 8: LENDTECH MARKET, BY END USER
8.1. Overview
8.2. Banks
8.3. Credit Unions
8.4. NBFCs
CHAPTER 9: LENDTECH MARKET, BY REGION
9.1. Overview
9.2. North America
9.3. Europe
9.4. Asia-Pacific
9.5. LAMEA
CHAPTER 10: COMPETITIVE LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product mapping of top 10 player
10.4. Competitive dashboard
10.5. Competitive heatmap
10.6. Top player positioning, 2021
CHAPTER 11: COMPANY PROFILES
11.1. Visa, Inc
11.2. American Express Company
11.3. Fiserv, Inc.
11.4. Finastra
11.5. Nelito Systems Pvt. Ltd.
11.6. Q2 Software, Inc.
11.7. Newgen Software Technologies Limited
11.8. fis
11.9. Roostify, Inc.
11.10. Pegasystems Inc.
List of Tables
Table 01. Global Lendtech Market, by Component, 2021-2031 ($ Million)
Table 02. Lendtech Market for Solution, by Region, 2021-2031 ($ Million)
Table 03. Lendtech Market for Services, by Region, 2021-2031 ($ Million)
Table 04. Global Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 05. Lendtech Market for On-Premises, by Region, 2021-2031 ($ Million)
Table 06. Lendtech Market for Cloud, by Region, 2021-2031 ($ Million)
Table 07. Global Lendtech Market, by Type, 2021-2031 ($ Million)
Table 08. Lendtech Market for Consumer Lending, by Region, 2021-2031 ($ Million)
Table 09. Lendtech Market for Business Lending, by Region, 2021-2031 ($ Million)
Table 10. Global Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 11. Lendtech Market for Large Enterprises, by Region, 2021-2031 ($ Million)
Table 12. Lendtech Market for Small and Medium-Sized Enterprises, by Region, 2021-2031 ($ Million)
Table 13. Global Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 14. Lendtech Market for Banks, by Region, 2021-2031 ($ Million)
Table 15. Lendtech Market for Credit Unions, by Region, 2021-2031 ($ Million)
Table 16. Lendtech Market for Nbfcs, by Region, 2021-2031 ($ Million)
Table 17. Lendtech Market, by Region, 2021-2031 ($ Million)
Table 18. North America Lendtech Market, by Component, 2021-2031 ($ Million)
Table 19. North America Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 20. North America Lendtech Market, by Type, 2021-2031 ($ Million)
Table 21. North America Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 22. North America Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 23. North America Lendtech Market, by Country, 2021-2031 ($ Million)
Table 24. U.S. Lendtech Market, by Component, 2021-2031 ($ Million)
Table 25. U.S. Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 26. U.S. Lendtech Market, by Type, 2021-2031 ($ Million)
Table 27. U.S. Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 28. U.S. Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 29. Canada Lendtech Market, by Component, 2021-2031 ($ Million)
Table 30. Canada Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 31. Canada Lendtech Market, by Type, 2021-2031 ($ Million)
Table 32. Canada Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 33. Canada Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 34. Europe Lendtech Market, by Component, 2021-2031 ($ Million)
Table 35. Europe Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 36. Europe Lendtech Market, by Type, 2021-2031 ($ Million)
Table 37. Europe Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 38. Europe Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 39. Europe Lendtech Market, by Country, 2021-2031 ($ Million)
Table 40. UK Lendtech Market, by Component, 2021-2031 ($ Million)
Table 41. UK Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 42. UK Lendtech Market, by Type, 2021-2031 ($ Million)
Table 43. UK Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 44. UK Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 45. Germany Lendtech Market, by Component, 2021-2031 ($ Million)
Table 46. Germany Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 47. Germany Lendtech Market, by Type, 2021-2031 ($ Million)
Table 48. Germany Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 49. Germany Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 50. France Lendtech Market, by Component, 2021-2031 ($ Million)
Table 51. France Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 52. France Lendtech Market, by Type, 2021-2031 ($ Million)
Table 53. France Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 54. France Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 55. Italy Lendtech Market, by Component, 2021-2031 ($ Million)
Table 56. Italy Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 57. Italy Lendtech Market, by Type, 2021-2031 ($ Million)
Table 58. Italy Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 59. Italy Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 60. Spain Lendtech Market, by Component, 2021-2031 ($ Million)
Table 61. Spain Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 62. Spain Lendtech Market, by Type, 2021-2031 ($ Million)
Table 63. Spain Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 64. Spain Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 65. Rest of Europe Lendtech Market, by Component, 2021-2031 ($ Million)
Table 66. Rest of Europe Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 67. Rest of Europe Lendtech Market, by Type, 2021-2031 ($ Million)
Table 68. Rest of Europe Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 69. Rest of Europe Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 70. Asia-Pacific Lendtech Market, by Component, 2021-2031 ($ Million)
Table 71. Asia-Pacific Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 72. Asia-Pacific Lendtech Market, by Type, 2021-2031 ($ Million)
Table 73. Asia-Pacific Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 74. Asia-Pacific Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 75. Asia-Pacific Lendtech Market, by Country, 2021-2031 ($ Million)
Table 76. China Lendtech Market, by Component, 2021-2031 ($ Million)
Table 77. China Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 78. China Lendtech Market, by Type, 2021-2031 ($ Million)
Table 79. China Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 80. China Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 81. Japan Lendtech Market, by Component, 2021-2031 ($ Million)
Table 82. Japan Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 83. Japan Lendtech Market, by Type, 2021-2031 ($ Million)
Table 84. Japan Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 85. Japan Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 86. India Lendtech Market, by Component, 2021-2031 ($ Million)
Table 87. India Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 88. India Lendtech Market, by Type, 2021-2031 ($ Million)
Table 89. India Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 90. India Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 91. Australia Lendtech Market, by Component, 2021-2031 ($ Million)
Table 92. Australia Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 93. Australia Lendtech Market, by Type, 2021-2031 ($ Million)
Table 94. Australia Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 95. Australia Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 96. South Korea Lendtech Market, by Component, 2021-2031 ($ Million)
Table 97. South Korea Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 98. South Korea Lendtech Market, by Type, 2021-2031 ($ Million)
Table 99. South Korea Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 100. South Korea Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 101. Rest of Asia-Pacific Lendtech Market, by Component, 2021-2031 ($ Million)
Table 102. Rest of Asia-Pacific Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 103. Rest of Asia-Pacific Lendtech Market, by Type, 2021-2031 ($ Million)
Table 104. Rest of Asia-Pacific Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 105. Rest of Asia-Pacific Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 106. LAMEA Lendtech Market, by Component, 2021-2031 ($ Million)
Table 107. LAMEA Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 108. LAMEA Lendtech Market, by Type, 2021-2031 ($ Million)
Table 109. LAMEA Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 110. LAMEA Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 111. LAMEA Lendtech Market, by Country, 2021-2031 ($ Million)
Table 112. Latin America Lendtech Market, by Component, 2021-2031 ($ Million)
Table 113. Latin America Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 114. Latin America Lendtech Market, by Type, 2021-2031 ($ Million)
Table 115. Latin America Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 116. Latin America Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 117. Middle East Lendtech Market, by Component, 2021-2031 ($ Million)
Table 118. Middle East Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 119. Middle East Lendtech Market, by Type, 2021-2031 ($ Million)
Table 120. Middle East Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 121. Middle East Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 122. Africa Lendtech Market, by Component, 2021-2031 ($ Million)
Table 123. Africa Lendtech Market, by Deployment Mode, 2021-2031 ($ Million)
Table 124. Africa Lendtech Market, by Type, 2021-2031 ($ Million)
Table 125. Africa Lendtech Market, by Organization Size, 2021-2031 ($ Million)
Table 126. Africa Lendtech Market, by End-user, 2021-2031 ($ Million)
Table 127. Visa, Inc: Key Executives
Table 128. Visa, Inc: Company Snapshot
Table 129. Visa, Inc: Service Segments
Table 130. Visa, Inc: Product Portfolio
Table 131. American Express Company: Key Executives
Table 132. American Express Company: Company Snapshot
Table 133. American Express Company: Service Segments
Table 134. American Express Company: Product Portfolio
Table 135. Fiserv, Inc.: Key Executives
Table 136. Fiserv, Inc.: Company Snapshot
Table 137. Fiserv, Inc.: Service Segments
Table 138. Fiserv, Inc.: Product Portfolio
Table 139. Fiserv, Inc.: Key Stratergies
Table 140. Finastra: Key Executives
Table 141. Finastra: Company Snapshot
Table 142. Finastra: Service Segments
Table 143. Finastra: Product Portfolio
Table 144. Finastra: Key Stratergies
Table 145. Nelito Systems Pvt. Ltd.: Key Executives
Table 146. Nelito Systems Pvt. Ltd.: Company Snapshot
Table 147. Nelito Systems Pvt. Ltd.: Service Segments
Table 148. Nelito Systems Pvt. Ltd.: Product Portfolio
Table 149. Q2 Software, Inc.: Key Executives
Table 150. Q2 Software, Inc.: Company Snapshot
Table 151. Q2 Software, Inc.: Product Segments
Table 152. Q2 Software, Inc.: Product Portfolio
Table 153. Q2 Software, Inc.: Key Stratergies
Table 154. Newgen Software Technologies Limited: Key Executives
Table 155. Newgen Software Technologies Limited: Company Snapshot
Table 156. Newgen Software Technologies Limited: Service Segments
Table 157. Newgen Software Technologies Limited: Product Portfolio
Table 158. Fis: Key Executives
Table 159. Fis: Company Snapshot
Table 160. Fis: Service Segments
Table 161. Fis: Product Portfolio
Table 162. Roostify, Inc.: Key Executives
Table 163. Roostify, Inc.: Company Snapshot
Table 164. Roostify, Inc.: Service Segments
Table 165. Roostify, Inc.: Product Portfolio
Table 166. Roostify, Inc.: Key Stratergies
Table 167. Pegasystems Inc.: Key Executives
Table 168. Pegasystems Inc.: Company Snapshot
Table 169. Pegasystems Inc.: Service Segments
Table 170. Pegasystems Inc.: Product Portfolio
Table 171. Pegasystems Inc.: Key Stratergies
List of Figures
Figure 01. Lendtech Market, 2021-2031
Figure 02. Segmentation of Lendtech Market, 2021-2031
Figure 03. Top Impacting Factors in Lendtech Market
Figure 04. Top Investment Pockets in Lendtech Market (2022-2031)
Figure 05. High to Moderate Bargaining Power of Suppliers
Figure 06. High Threat of New Entrants
Figure 07. Moderate to High Threat of Substitutes
Figure 08. Moderate to High Intensity of Rivalry
Figure 09. High to Low Bargaining Power of Buyers
Figure 10. Global Lendtech Market: Drivers, Restraints and Opportunities
Figure 11. Lendtech Market, by Component, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Lendtech Market for Solution, by Country 2021 and 2031 (%)
Figure 13. Comparative Share Analysis of Lendtech Market for Services, by Country 2021 and 2031 (%)
Figure 14. Lendtech Market, by Deployment Mode, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Lendtech Market for On-Premises, by Country 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Lendtech Market for Cloud, by Country 2021 and 2031 (%)
Figure 17. Lendtech Market, by Type, 2021 and 2031 (%)
Figure 18. Comparative Share Analysis of Lendtech Market for Consumer Lending, by Country 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Lendtech Market for Business Lending, by Country 2021 and 2031 (%)
Figure 20. Lendtech Market, by Organization Size, 2021 and 2031 (%)
Figure 21. Comparative Share Analysis of Lendtech Market for Large Enterprises, by Country 2021 and 2031 (%)
Figure 22. Comparative Share Analysis of Lendtech Market for Small and Medium-Sized Enterprises, by Country 2021 and 2031 (%)
Figure 23. Lendtech Market, by End-user, 2021 and 2031 (%)
Figure 24. Comparative Share Analysis of Lendtech Market for Banks, by Country 2021 and 2031 (%)
Figure 25. Comparative Share Analysis of Lendtech Market for Credit Unions, by Country 2021 and 2031 (%)
Figure 26. Comparative Share Analysis of Lendtech Market for Nbfcs, by Country 2021 and 2031 (%)
Figure 27. Lendtech Market by Region, 2021 and 2031 (%)
Figure 28. U.S. Lendtech Market, 2021-2031 ($ Million)
Figure 29. Canada Lendtech Market, 2021-2031 ($ Million)
Figure 30. UK Lendtech Market, 2021-2031 ($ Million)
Figure 31. Germany Lendtech Market, 2021-2031 ($ Million)
Figure 32. France Lendtech Market, 2021-2031 ($ Million)
Figure 33. Italy Lendtech Market, 2021-2031 ($ Million)
Figure 34. Spain Lendtech Market, 2021-2031 ($ Million)
Figure 35. Rest of Europe Lendtech Market, 2021-2031 ($ Million)
Figure 36. China Lendtech Market, 2021-2031 ($ Million)
Figure 37. Japan Lendtech Market, 2021-2031 ($ Million)
Figure 38. India Lendtech Market, 2021-2031 ($ Million)
Figure 39. Australia Lendtech Market, 2021-2031 ($ Million)
Figure 40. South Korea Lendtech Market, 2021-2031 ($ Million)
Figure 41. Rest of Asia-Pacific Lendtech Market, 2021-2031 ($ Million)
Figure 42. Latin America Lendtech Market, 2021-2031 ($ Million)
Figure 43. Middle East Lendtech Market, 2021-2031 ($ Million)
Figure 44. Africa Lendtech Market, 2021-2031 ($ Million)
Figure 45. Top Winning Strategies, by Year (2019-2022)
Figure 46. Top Winning Strategies, by Development (2019-2022)
Figure 47. Top Winning Strategies, by Company (2019-2022)
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap: Lendtech Market
Figure 51. Top Player Positioning, 2021
Figure 52. Visa, Inc: Net Revenue, 2020-2022 ($ Million)
Figure 53. Visa, Inc: Revenue Share by Region, 2022 (%)
Figure 54. American Express Company: Net Revenue, 2020-2022 ($ Million)
Figure 55. American Express Company: Revenue Share by Segment, 2022 (%)
Figure 56. American Express Company: Revenue Share by Region, 2021 (%)
Figure 57. Fiserv, Inc.: Net Revenue, 2020-2022 ($ Million)
Figure 58. Fiserv, Inc.: Revenue Share by Segment, 2021 (%)
Figure 59. Q2 Software, Inc.: Net Revenue, 2019-2021 ($ Million)
Figure 60. Newgen Software Technologies Limited: Net Revenue, 2020-2022 ($ Million)
Figure 61. Newgen Software Technologies Limited: Revenue Share by Segment, 2021 (%)
Figure 62. Fis: Net Revenue, 2019-2021 ($ Million)
Figure 63. Fis: Revenue Share by Region, 2021 (%)
Figure 64. Pegasystems Inc.: Net Revenue, 2020-2022 ($ Million)
Figure 65. Pegasystems Inc.: Revenue Share by Segment, 2021 (%)
Figure 66. Pegasystems Inc.: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report, the lendtech market was valued at $8 billion in 2021, and is estimated to reach $61.9 billion by 2031, growing at a CAGR of 23.2% from 2022 to 2031.

The LendTech Market is likely to experience a significant growth rate of 23.2% from 2022-2031 owing to increasing market demand from banking sector.

Lending technology is a secure online method of delivering loans and financial services to customers. Customers can access a digital platform from banks and other financial lending organizations to handle loans and related operations. In addition, today, a lot of FinTech businesses include lending in their services, which has provided many customers with a smooth and convenient experience.

Key factors driving the growth of the lendtech market include the fact that ease of applying loans for borrowers and numerous other benefits for lenders, such as automated loan management, and rapid loan approval are shifting their attention toward digital lending, thus driving the lendtech market growth. In addition, rise in government initiatives toward lending technology and increased focus towards digitalizing lending process are becoming major factors propelling the growth of lendtech. In addition, due to the multiple benefits offered by the digitization of banking and financial services, the lendtech sector is expanding as a result of changing consumer expectations and behaviour. Customers might originate from different backgrounds and may require the loan for a number of reasons, including personal loans, SME finance, and home loans, among many other possibilities. 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 organisational efficiency, fuel the growth of the lendtech industry. Furthermore, the increasing usage of cutting-edge technologies like AI will raise the use of loan technology even more. Due to its use, financing is becoming easier and more affordable. Today, the market for loan technologies is expanding due to the creation and use of loan technologies by several FinTech organisations. Peer-to-peer lender Prosper facilitates communication between lenders and borrowers and offers advantages of cutting-edge lending technologies, such as reasonable rates, favourable conditions, and evaluation that is not just based on credit score.

The market also offers growth opportunities to the key players in the market. Technological advancements, such as integration of cloud-based model allows firms to manage all the applications simultaneously, which is expected to offer remunerative opportunities for the expansion of lendtech market during the forecast period. Furthermore, in the next years, the lendtech industry is anticipated to rise because to technological developments such the incorporation of machine learning (ML) and automations. Additionally, the increased use of digital lending by banks, credit unions, and NBFCs is anticipated to open up attractive growth prospects for the industry in the years to come. In addition, it is anticipated that the importance of blockchain technology among digital lending providers will grow as a result of its capacity to transfer documents efficiently and with high integrity. Regulators and auditors, two parties involved in the lending process, can easily verify identities and follow transactions thanks to blockchain technology.

The lendtech market is segmented on the basis of component, deployment mode, type, organization size, end user and region. On the basis of component, it is categorized into solution and services. On the basis of deployment mode, it is classified into on-premise and cloud. On the basis of type, it is divided into consumer lending and business lending. By organization size, large enterprises and small and medium-sized enterprises. By end user, it is segmented into banks, credit unions and NBFCs. Region wise, it is analyzed across North America (the U.S., and Canada), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

The key players profiled in the study include Visa, Inc., American Express, Fiserv, Inc., Finastra, Nelito Systems Pvt. Ltd., Q2 Software, Inc., Newgen Software Technologies Limited, FIS, Roostify, Inc., and Pegasystems Inc. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market. For instance, in September 2021, Finastra has launched Total Lending Home, a new cloud-based portal to launch and manage the total lending suite of solutions. Current lending products available through the total lending home portal include Fusion LaserPro, Fusion DepositPro, Fusion Compliance Reporter, and ProSign Online, with additional lending products to follow.

Key Market Insights

By component, the solution segment accounted for the highest lendtech market share in 2021.

By type, the consumer lending segment accounted for the highest share in lendtech market in 2021.

By region, North America generated the highest revenue in 2021.

Companies Mentioned

  • Q2 Software, Inc.
  • Finastra
  • Newgen Software Technologies Limited
  • Visa, Inc
  • fis
  • Pegasystems Inc.
  • American Express Company
  • Fiserv, Inc.
  • Nelito Systems Pvt. Ltd.
  • Roostify, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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