Digital Lending Platform Market Size & Share, by Solution (Business Process Management, Lending Analytics, Loan Management, Loan Origination, Risk & Compliance Management); Service (Design & Implementation, Training & Education, Risk Assessment, Consulting, Support & Maintenance); Deployment (On-Premise, Cloud); End-Use (Banks, Insurance Companies, Credit Unions, Savings & Loan Associations, Peer-To-Peer Lending) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5597
  • Published Date: Feb 02, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Digital Lending Platform Market size is expected to cross USD 201 Billion by the end of 2036, growing at a CAGR of 27% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of digital lending platform was over USD 9 Billion. The ongoing advancement of cutting-edge technologies like cloud, network analytics, and the Internet of Things is significantly propelling the digital lending platform market. Since 2018, the amount spent on IoT globally has increased annually by at least USD 40 billion. The amount spent on IoT reached USD 749 billion in 2020. Global IoT investment is expected to reach USD 1 trillion by 2022. Furthermore, projected spending reached USD 1.1 trillion in 2023, maintaining the higher annual growth rate.

In addition to these, it is anticipated that blockchain technology will become more significant among digital loan providers because to its capacity to move documents quickly and with great integrity. Regulators, auditors, and other lending process participants may quickly follow transactions and verify identities thanks to blockchain technology. For example, Figure Lending LLC and Apollo closed a deal in March 2022 that involved ownership transfers and blockchain-based digital mortgage loans. It is anticipated that the mortgage sector would become more transparent and efficient as a result of this safe and efficient mortgage loan registry.

Digital Lending Platform Market
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Digital Lending Platform Market: Key Insights

Base Year


Forecast Year



~ 27%

Base Year Market Size (2023)

 ~ USD 9 Billion

Forecast Year Market Size (2036)

 ~ USD 201 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Digital Lending Platform Market: Growth Drivers and Challenges


Growth Drivers

  • Global Smartphone Penetration is Increasing- In addition to offering the convenience of e-signatures and simple accessibility, DLP is becoming more and more popular due to rising smartphone usage and internet penetration rates. As of 2024, there are 6.93 billion smartphone users worldwide, or 85.74% of the global population, who own a smartphone. Nine1.68% of the world's population, or 7.41 billion people, own a smartphone or feature phone combined. Furthermore, because DLP needs less paperwork and lowers the possibility of human error, the increased emphasis on digital automation supports the growth of the global industry. The digital lending platform market is expanding as a result of numerous businesses incorporating cutting-edge technologies like blockchain, artificial intelligence (AI), machine learning, and analytics to reduce fraud. Moreover, the growing frequency of cyberattacks is accelerating its worldwide adoption. According to cybersecurity data, there are 2,200 cyberattacks every day, or one every 39 seconds on average.
  • Growing Adoption of Online Banking Services-The digitization of lending procedures is happening swiftly as a result of globalization and the growing usage of online banking services. This is one of the main factors influencing how the banking, financial services, and insurance (BFSI) industry uses DLP to save a significant amount of money, improve client experiences, and make better decisions. In addition, financial institutions across the globe are swiftly employing digital platform to extend credit and manage pandemic challenges amidst the COVID-19 outbreak.
  • Emerging New technologies- It is expected that emerging technologies such as blockchain, AI, and machine learning will enhance the functionality of digital lending platform and open up new business opportunities. By using these technologies, the loan-raising process can be made simple, quick, and transparent. Due to AI and machine learning-based technologies that process loan applications in a matter of seconds, approval timeframes are really scalable. Additionally, by eliminating middlemen or intermediates from the loan process, the blockchain-based lending platform establishes a direct line of communication between lenders and borrowers.


  • Problems with infrastructure and network connectivity- The world's poor and underdeveloped countries continue to rely on antiquated telecommunications infrastructure that is unable to provide high-capacity, low-latency connectivity. A bad customer experience can result from slow internet. Because digital lending companies provide all of their services online, poor service quality will result from a slow connection. Digital lending solutions are extremely challenging to adopt in areas without high-speed internet. In spite of the lengthy approval delays, businesses in these nations rely more on offline lending choices since in-person contacts offer a better understanding and customer experience.
  • It is anticipated that privacy and data security will restrain industry expansion. Numerous governments worldwide have initiated measures to tackle apprehensions over data security and privacy protection linked to digital lending platform.
  • One of the main factors that could prevent the digital lending platform market from growing in the near future is the increased reliance on traditional lending techniques.

Digital Lending Platform Segmentation

Solution (Business Process Management, Lending Analytics, Loan Management, Loan Origination, Risk & Compliance Management)

Based on solution, the business process management segment in the digital lending platform market is anticipated to hold largest revenue share of about 32% during the forecast period. The segment is growing due to its ability to drastically reduce operating costs and boost productivity, business process management has grown in popularity. Simultaneously, the benefits of business process management in lending including enhanced customer satisfaction and employee efficiency, reduced errors, and lessened paper usage are also anticipated to be the primary drivers of the digital lending platform market growth. Furthermore, the efficiency of business process management is being driven in particular by developments in big data and cloud computing. Increasing IT spending is also encouraging for the business process management market's growth throughout the projection period. Global IT spending is expected to increase by 5.5% from 2022 to around 4.6 trillion dollars in 2023.

Service (Design & Implementation, Training & Education, Risk Assessment, Consulting, Support & Maintenance)

Based on service, the design and implementation segment dominated the digital lending platform market and generated 33% of worldwide revenue during the forecast period. In order to facilitate the use of digital platform, financial institutions require a framework for design and implementation. For instance, the framework can assist financial institutions in effectively conducting their lending business activities. In order to provide easy integration with a range of lending solutions and maintain regulatory compliance, organizations are providing these implementation services within their lending platform. The design and implementation segment offer advantages including operational cost savings and an adaptable and nimble administration approach.

Our in-depth analysis of the global digital lending platform market includes the following segments:


  • Business Process Management
  • Lending Analytics
  • Loan Management
  • Loan Origination
  • Risk & Compliance Management


  • Design & Implementation
  • Training & Education
  • Risk Assessment, Consulting
  • Support & Maintenance


  • On-Premise
  • Cloud


  • Banks
  • Insurance Companies
  • Credit Unions
  • Savings & Loan Associations
  • Peer-To-Peer Lending

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Digital Lending Platform Industry - Regional Synopsis

North American Market Forecast

Digital lending platform market in North America region is attributed to hold largest revenue share of about 34% during the forecast period. The growth of the market in this region is due to the existence of significant digital lending providers throughout the nations. Additionally, the area has embraced cutting-edge technologies which have led to a persistently strong demand for digital, end-to-end financial solutions in North America. Financial institutions in the area are being especially prompted to digitize their services and improve customer experience due to a sizable mobile workforce. In order to obtain a significant competitive advantage, financial institutions in the area are attempting to set themselves apart from their rivals by launching cutting-edge digital services. 91% of companies are working on digital initiatives of some kind in the region.

APAC Market Statistics

Digital lending platform market in Asia Pacific region is projected to hold second largest revenue share of about 28% during the projected period. Certain Asian nations have regulatory frameworks that are conducive to the advancement of innovation and digital financial services. For instance, a legislative framework known as The Singapore Variable Capital Company (VCC) was developed for digital lending platform operating in Singapore which offers operational efficiencies, regulatory clarity, and flexibility. Additionally, it has put into place the "Fintech Regulatory Sandbox," which enables fintech businesses including online lending platform to test their creative business concepts in a safe setting. Due to this, an atmosphere has been established that promotes the development and growth of digital lending platform, drawing in both domestic and foreign participants.

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Digital Lending Platform Market Size
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Companies Dominating the Digital Lending Platform Market

    • Reserve Bank of India (RBI)
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Funding Circle Limited
    • Biz2X
    • Razorpay Software Private Limited
    • Paytm
    • Fiserv, Inc.
    • Newgen Software
    • Nucleus Software
    • Pegasystems Inc.
    • Tavant


In The News

  • The Reserve Bank of India (RBI) made an announcement regarding its plans to launch its new pilot project for digital lending for a public tech platform meant for 'frictionless credit.’ The platform is being established by the Reserve Bank Innovation Hub (RBIH), a solely-owned central bank subsidiary.
  • Biz2X, a leading digital lending SaaS platform subsidiary of Biz2Credit, partnered up with TruBoard, a protuberant company in asset performance management, which operates on the Maadhyam platform. The partnership is focused on addressing the increasing worry of Non-Performing Assets (NPAs) in retail and small business loans. It authorizes Maadhyam customers to manage their folders while considerably reducing NPAs competently and working as a substitute for better monetary inclusivity for SMEs.

Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 5597
  • Published Date: Feb 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing penetration of smartphone penetration and adoption of online banking services are the major factors driving the growth of the digital lending platform market.

The market size of digital lending platform is anticipated to attain a CAGR of 27% over the forecast period, i.e., 2024-2036.

The major players in the market are Funding Circle Limited, Biz2X, Razorpay Software Private Limited, Paytm, Fiserv, Inc., Newgen Software, Nucleus Software, Pegasystems Inc., Tavant, and others.

The business process management segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Digital Lending Platform Market Report Scope

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