Global Lending Software Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : ICT Date : October 27th, 2018
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The global lending software market was valued at USD 2,615.8 million in 2017, and is likely to generate a demand of USD 5,579.4 million by 2024, at a CAGR of 11.6% over the next seven years. Growing trend towards the adoption of automation in various financial institutions is expected to drive the market demand. Moreover, increase in the number of vendors for lending software along with rising incidence of mergers and acquisitions across the globe is set to accelerate market growth over the forecast period. The years used for the assessment are as follows;

  • Historical year : 2014, 2015 and 2016
  • Base year  : 2017
  • Forecast period: 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the Lending Software market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
  • Finalizing the overall size and share for the global market

OBJECTIVES:

  • To classify global lending software market into segments on the basis of type, and application to analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with lending softwares
  • Profiling key companies operating in the global market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for lending software market is as follows:

By Type

  • Loan origination software (LOS)
  • Loan management software (LMS)
  • Loan analytics software (LAS)
  • Loan servicing software (LSS)

By Application

  • Retail lending
  • Commercial lending
  • Trade finance
  • Leasing & cards
  • Residential mortgages
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

The market for lending software is projected to augment owing to the rising incidence of mergers and acquisitions across the globe. The emergence of cloud computing has resulted in several companies moving their customer loan- related data to a hosted system.  The growth in the lending software market is mainly due to increasing adoption of automated services in financial institutions.

Based on the type of lending platform, the automated lending platforms may be bank-developed, bought from vendors, or can be leased as a software-as-a-service offering which can be accessed from the cloud. Also, there has been a growing penetration in the lending software market with various new vendors entering the market.

Additionally, increasing adoption of SaaS-based loan servicing among the vendors is expected to further propel the market demand. This service-as-a-software (SaaS) based loan softwares enable loan originators to manage the entire lending cycle from origination to maturity from any location with the help of a secure internet connection.  Also, these softwares are effective as their installation and maintenance does not involve any additional costs.

Lending software enables a lender to close more loans, resulting in increased productivity, and helps in generating increased revenue per loan. In addition, it helps financial institutions to manage various types of instalment loans, contracts, and mortgages. Furthermore, it enables automation of lending process from start to finish, providing the benefits of accuracy, near real-time data, increased efficiency, and reduced decisioning time.

Major applications for these lending softwares include retail lending, trade finance, commercial loans, leasing, credit cards, residential and commercial mortgages, among others. However, threat from open source lending software coupled with the lack of awareness among the customers may hinder the market growth over the next seven years.

Some of the key companies operating in the industry include Ellie Mae, Inc.; Calyx Technology, Inc.; FICS Software; Fiserv, Inc.; Nucleus Software Exports Ltd.; Ncino, Inc.; Byte Software; Intellect Design Arena Limited; Mortgage Builder Software; Mortgage Cadence; Wipro Limited; Finastra Group Holdings Limited; Tavant Technologies, Inc.; DH Corporation; Lending QB; Black Knight, Inc.; ISGN Corporation; Pegasystems Inc.; Newgen Software Technologies Limited; Juris Technologies; SPARK; Axcess Consulting Group; Turnkey Lender; Vernon Street Capital, LLC;  and Biz2Credit Inc.; among others.

Global Lending Software Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Global lending software – Market snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global lending software market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.5.1. Increasing adoption of SaaS-based loan servicing

3.5.2. Rising incidence of mergers and acquisitions

3.6. Market dynamics

3.6.1. Market driver analysis

    3.6.1.1. Increasing automation in financial institutions

    3.6.1.2. Growing number of vendors in the lending software market

3.6.2. Market restraint analysis

    3.6.2.1. Lack of awareness among customers

CHAPTER 4. Competitive Outlook

4.1. Company share analysis

4.2. Strategies adopted

CHAPTER 5. Global Lending Software Market Size and Forecast (2014-2024)

5.1. Global Lending Software Market, By Type (USD Million)

5.1.1. Loan Origination Software (LOS)

5.1.2. Loan Management Software (LMS),

5.1.3. Loan Analytics Software (LAS)

5.1.4. Loan Servicing Software (LSS)

5.2. Global Lending Software Market, By Application (USD Million)

5.2.1. Retail Lending

5.2.2. Commercial Lending

5.2.3. Trade Finance

5.2.4. Leasing and Cards

5.2.5. Residential Mortgages

5.2.6. Others

CHAPTER 6. Global Lending Software Market Size and Forecast, By Region (2014-2024)

6.1. North America Lending Software Market (USD Million)

6.1.1. North America Lending Software Market, By Type (USD Million)

6.1.2. North America Lending Software Market, By Application (USD Million)

6.1.3. North America Lending Software Market, By Country (USD Million)

   6.1.3.1. The U.S.

   6.1.3.2. Canada

6.2. Europe Lending Software Market (USD Million)

6.2.1. Europe Lending Software Market, By Type (USD Million)

6.2.2. Europe Lending Software Market, By Application (USD Million)

6.2.3. Europe Lending Software Market, By Country (USD Million)

   6.2.3.1. Germany

   6.2.3.2. U.K

   6.2.3.3. France

   6.2.3.4. Others

6.3. Asia-Pacific Lending Software Market (USD Million)

6.3.1. Asia-Pacific Lending Software Market, By Type (USD Million)

6.3.2. Asia-Pacific Lending Software Market, By Application (USD Million)

6.3.3. Asia-Pacific Lending Software Market, By Country (USD Million)

   6.3.3.1. China

   6.3.3.2. Japan

   6.3.3.3. India

   6.3.3.4. Others

6.4. Rest of the World (RoW) Lending Software Market (USD Million)

6.4.1. Rest of the World (RoW) Lending Software Market, By Type (USD Million)

6.4.2. Rest of the World (RoW) Lending Software Market, By Application (USD Million)

6.4.3. Rest of the World (RoW) Lending Software Market, By Region (USD Million)

   6.4.3.1. Latin America

   6.4.3.2. Middle East & Africa (MEA)

CHAPTER 7. Global Lending Software Market Size and Forecast, By Company (2014 – 2024)

7.1. Ellie Mae, Inc.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Strategic Developments

7.1.4. Lending Software Market, By Type (2014 – 2024)

7.1.5. Lending Software Market, By Application (2014 – 2024)

7.2. Calyx Technology, Inc.

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Strategic Developments

7.2.4. Lending Software Market, By Type (2014 – 2024)

7.2.5. Lending Software Market, By Application (2014 – 2024)

7.3. FICS Software

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Strategic Developments

7.3.4. Lending Software Market, By Type (2014 – 2024)

7.3.5. Lending Software Market, By Application (2014 – 2024)

7.4. Fiserv, Inc.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Strategic Developments

7.4.4. Lending Software Market, By Type (2014 – 2024)

7.4.5. Lending Software Market, By Application (2014 – 2024)

7.5. Nucleus Software Exports Ltd.

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Strategic Developments

7.5.4. Lending Software Market, By Type (2014 – 2024)

7.5.5. Lending Software Market, By Application (2014 – 2024)

7.6. Ncino, Inc.

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Strategic Developments

7.6.4. Lending Software Market, By Type (2014 – 2024)

7.6.5. Lending Software Market, By Application (2014 – 2024)

7.7. Byte Software

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Strategic Developments

7.7.4. Lending Software Market, By Type (2014 – 2024)

7.7.5. Lending Software Market, By Application (2014 – 2024)

7.8. Intellect Design Arena Limited

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Strategic Developments

7.8.4. Lending Software Market, By Type (2014 – 2024)

7.8.5. Lending Software Market, By Application (2014 – 2024)

7.9. Mortgage Builder Software

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Strategic Developments

7.9.4. Lending Software Market, By Type (2014 – 2024)

7.9.5. Lending Software Market, By Application (2014 – 2024)

7.10. Mortgage Cadence

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Strategic Developments

7.10.4. Lending Software Market, By Type (2014 – 2024)

7.10.5. Lending Software Market, By Application (2014 – 2024)

7.11. Wipro Limited

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Strategic Developments

7.11.4. Lending Software Market, By Type (2014 – 2024)

7.11.5. Lending Software Market, By Application (2014 – 2024)

7.12. Finastra Group Holdings Limited

7.12.1. Business Overview

7.12.2. Product and Service Offering

7.12.3. Strategic Developments

7.12.4. Lending Software Market, By Type (2014 – 2024)

7.12.5. Lending Software Market, By Application (2014 – 2024)

7.13. Tavant Technologies, Inc.

7.13.1. Business Overview

7.13.2. Product and Service Offering

7.13.3. Strategic Developments

7.13.4. Lending Software Market, By Type (2014 – 2024)

7.13.5. Lending Software Market, By Application (2014 – 2024)

7.14. DH Corporation

7.14.1. Business Overview

7.14.2. Product and Service Offering

7.14.3. Strategic Developments

7.14.4. Lending Software Market, By Type (2014 – 2024)

7.14.5. Lending Software Market, By Application (2014 – 2024)

7.15. Lending QB

7.15.1. Business Overview

7.15.2. Product and Service Offering

7.15.3. Strategic Developments

7.15.4. Lending Software Market, By Type (2014 – 2024)

7.15.5. Lending Software Market, By Application (2014 – 2024)

7.16. Black Knight, Inc.

7.16.1. Business Overview

7.16.2. Product and Service Offering

7.16.3. Strategic Developments

7.16.4. Lending Software Market, By Type (2014 – 2024)

7.16.5. Lending Software Market, By Application (2014 – 2024)

7.17. ISGN Corporation

7.17.1. Business Overview

7.17.2. Product and Service Offering

7.17.3. Strategic Developments

7.17.4. Lending Software Market, By Type (2014 – 2024)

7.17.5. Lending Software Market, By Application (2014 – 2024)

7.18. Pegasystems Inc.

7.18.1. Business Overview

7.18.2. Product and Service Offering

7.18.3. Strategic Developments

7.18.4. Lending Software Market, By Type (2014 – 2024)

7.18.5. Lending Software Market, By Application (2014 – 2024)

7.19. Newgen Software Technologies Limited

7.19.1. Business Overview

7.19.2. Product and Service Offering

7.19.3. Strategic Developments

7.19.4. Lending Software Market, By Type (2014 – 2024)

7.19.5. Lending Software Market, By Application (2014 – 2024)

7.20. Juris Technologies

7.20.1. Business Overview

7.20.2. Product and Service Offering

7.20.3. Strategic Developments

7.20.4. Lending Software Market, By Type (2014 – 2024)

7.20.5. Lending Software Market, By Application (2014 – 2024)

7.21. SPARK

7.21.1. Business Overview

7.21.2. Product and Service Offering

7.21.3. Strategic Developments

7.21.4. Lending Software Market, By Type (2014 – 2024)

7.21.5. Lending Software Market, By Application (2014 – 2024)

7.22. Axcess Consulting Group

7.22.1. Business Overview

7.22.2. Product and Service Offering

7.22.3. Strategic Developments

7.22.4. Lending Software Market, By Type (2014 – 2024)

7.22.5. Lending Software Market, By Application (2014 – 2024)

7.23. Turnkey Lender

7.23.1. Business Overview

7.23.2. Product and Service Offering

7.23.3. Strategic Developments

7.23.4. Lending Software Market, By Type (2014 – 2024)

7.23.5. Lending Software Market, By Application (2014 – 2024)

7.24. Vernon Street Capital, LLC

7.24.1. Business Overview

7.24.2. Product and Service Offering

7.24.3. Strategic Developments

7.24.4. Lending Software Market, By Type (2014 – 2024)

7.24.5. Lending Software Market, By Application (2014 – 2024)

7.25. Biz2Credit Inc.

7.25.1. Business Overview

7.25.2. Product and Service Offering

7.25.3. Strategic Developments

7.25.4. Lending Software Market, By Type (2014 – 2024)

7.25.5. Lending Software Market, By Application (2014 – 2024)

Global Lending Software Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024