The Europe Digital Lending Platform Market would witness market growth of 19.5% CAGR during the forecast period (2019-2025). The rising popularity of post-purchase services to facilitate a smooth transition from traditional business models to online business models offers market opportunities for service providers. In the years to come, the growing need for user-friendly and advanced user interface (UI) development for financial institution employees is further expected to drive demand for the design and implementation category. It also encourages financial institutions adopt new cloud solutions when integrating with existing infrastructure. Such factors are expected to prompt the demand for the design and implementation segment.
Cloud deployment is becoming prominent with innovative practices and preferred use of cloud platforms in the industry. Fintech firms are now focused on deploying cloud-based digital lending platforms due to their pay-per-use payment model, which helps businesses to reduce overall operating costs. It also helps tackle the increasing need for back-end operations such as streamlined online process, on-boarding of customers, and reduced running time. In addition, increasing numbers of digitized file uploads, digitized loan applications, and expanded use of digital channels, like an instant messaging or customer service email, are expected to drive demand in the cloud deployment segment.
Based on Component, the market is segmented into Solutions and Services. The Solutions Segment id further bifurcated into Business Process Management, Loan Origination, Loan Management, Risk & Compliance Management, Lending Analytics and Others. The Services segment is further categorized into Integration & Deployment, Training, Education & Consulting and Support & Maintenance. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into Banks, Insurance Companies, Peer-to-Peer Lending, Credit Unions, Savings & Loan Associations and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Digital Lending Platform Market in Europe is expected to register a CAGR of 19.5% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ellie Mae, Inc., Fidelity Information Services (FIS), Inc., Fiserv, Inc., Newgen Software Technologies Limited, Pegasystems, Inc., Roostify, Inc., Sigma Infosolutions Ltd., Tavant Technologies, Inc., Wizni, Inc., Temenos AG, and Abrigo, Inc.
Market Segmentation:
By Component
By Deployment Type
By End User
By Country
Companies Profiled
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