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Global Loan Servicing Software Market | $ 2.43 Billion Incremental Growth During 2020-2024 | TechnavioThe loan servicing software market is expected to grow by USD 2.43 billion, progressing at a CAGR of almost 12% during the forecast period. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201204005547/en/ Technavio has announced its latest market research report titled Global Loan Servicing Software Market 2020-2024 (Graphic: Business Wire) For a More Detailed Analysis, Get a Free Sample Report Delivered Instantly The rising demand for efficiency in lending operations is one of the major factors propelling the market growth. However, factors such as the threat from open-source loan servicing software will hamper the market growth. More details: https://www.technavio.com/talk-to-us?report=IRTNTR44321 Loan Servicing Software Market: Deployment Landscape Based on the deployment, the market saw maximum growth in the cloud-based segment in 2019. Factors such as increasing digitization of businesses, expanding geographical presence of financial services companies, and innovations in data security are driving the growth of the segment. The market growth in the segment will be significant over the forecast period. Loan Servicing Software Market: Geographic Landscape By geography, North America is going to have a lucrative growth during the forecast period. About 48% of the market's overall growth is expected to originate from North America. Increased financing offering for mortgage lenders by the federal government created government-sponsored enterprises is one of the key factors driving the growth of the market in North America. The US and Canada are the key markets for loan servicing software in North America. Market growth in this region will be faster than the growth of the market in APAC. Develop Smart Strategies for Your Business: Get a Free Sample Report No! Related Reports on Information Technology Include: Global Business Accounting Software Market - Global business accounting software market is segmented by deployment (cloud-based and on-premises) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report Global InsurTech Market - Global InsurTech market is segmented by value chain positioning (marketing and distribution, IT support, policy administration and management, claim management, and others) and geography (North America, Europe, APAC, MEA, and South America). Click Here to Get an Exclusive Free Sample Report Companies Covered:
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Subscribe to World-Class Market Intelligence and gain instant access to 17,000+ market research reports and connect with expert analysts Key Topics Covered: Executive Summary Market Landscape
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201204005547/en/ |