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Digital Lending Platform Market to Grow $19.88 Billion, Globally, by 2026 at 19.6% CAGR, Says Allied Market Research- Increase in government initiative toward digital lending, rapid shift from traditional lending to digital lending, and surge in need of reduced loan management tome among borrowers and lenders are expected to propel the growth of the global digital lending platform market PORTLAND, Oregon, Aug. 13, 2019 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Digital Lending Platform Market by Component (Software and Service), Type (Loan Origination, Decision Automation, Collections and Recovery, Risk and Compliance Management, and Others), Deployment Model (On-premise and Cloud), and End-user (Ba3nks, Insurance Companies, Credit Unions, Savings and Loan Associations, Peer-To-Peer Lending, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global digital lending platform market was pegged at $4.79 billion in 2018 and is anticipated to garner $19.88 billion by 2026, growing at a CAGR of 19.6% during the forecast period. The report offers a detailed analysis of the key segments, top investment pockets, changing dynamics, market size & estimations, and competitive scenario.  Rapid shift from traditional lending to digital lending, increase in government initiative toward digital lending, and surge in need of reduced loan management time among borrowers and lenders have boosted the growth of the global digital lending platform market. However, security-related issues hamper the market growth. On the contrary, continuous increase in adoption of cloud-based digital lending technologies and technological innovations in digital lending platforms are expected to create lucrative opportunities in the near future. Solution segment dominates the market By component, the solution segment held the largest share in 2018, accounting for nearly three-fourths of the market, owing to rise in digital lending landscape, increased need for scalable lending processes, and growing regulatory and competitive pressures. However, the service segment is expected to register the fastest CAGR of 22.7% during the forecast period, owing to rise in adoption of digital technologies across the BFSI industry and need to provide enhanced as wel as better services. Moreover, these services help organizations in project consulting, configuration, installation, and other essential security services. Get Sample Report for More Details @ https://www.alliedmarketresearch.com/request-sample/5404 Risk & Compliance Management to manifest fastest CAGR by 2026 By type, the risk & compliance management segment is estimated to register the fastest CAGR of 22.6% during the forecast period, owing to rising need among banks to redefine risk performance, credit risk and expected credit losses (ECL) and other capital ratios. However, the loan origination segment held the largest share in 2018, contributing more than one-third of the market, owing to rising need for automated loan solutions to meet growing customer demand. North America held lion's share The market across North America held the largest share in 2018, contributing more than one-third of the market, owing to high fintech investments associated with digital lending, and well-established BFSI industry in the region. However, the market across Asia-Pacific region is projected to register the fastest CAGR of 21.2% during the forecast period, owing to increasing digital lending landscape, increase in number of business start-ups, and several government initiatives across the developing countries for digital lending. Inquire more about this report @ https://www.alliedmarketresearch.com/purchase-enquiry/5404 Major market players The report provides an in-depth analysis of the major market players such as Ellie MAE, Black Knight, FIS Global, Finastra, Intellect Design Arena, Fiserv, Tavant Technologies, Nucleus Software, Temenos, and Wipro. They have adopted different strategies such as mergers & acquisitions, partnerships, collaborations, new product launches, and others to gain a strong position in the global industry. Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. Similar Reports: Digital Signature Market is Expected to Reach $3,440 Million by 2022 Digital Map Market Expected to Expand at a CAGR of 12.5% between (2017-2023) About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: Web: https://www.alliedmarketresearch.com Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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