Digitization In Lending Global Market Report 2025

Description

Digitization in lending refers to the conversion of traditional lending processes into digital formats, utilizing technology to streamline and improve the efficiency of loan origination, underwriting, approval, and servicing. This transformation enables borrowers to apply for loans online, submit necessary documents digitally, and receive real-time updates on their application status, offering a seamless and convenient experience.

The main categories of digitization in lending are online and offline. Online lending involves the digital delivery of loans, enabling borrowers to apply for, receive approvals, and manage loans entirely through digital platforms. These loans can range from small to medium and large amounts, accessible via smartphones and computers. The application of digitization in lending spans various loan types, including business loans, personal loans, mortgage loans, and auto loans.

The digitization in lending market research report is one of a series of new reports from The Business Research Company that provides digitization in lending market statistics, including the digitization in lending industry global market size, regional shares, competitors with the digitization in lending market share, detailed digitization in lending market segments, market trends, and opportunities, and any further data you may need to thrive in the digitization in lending industry. These digitization in lending market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The digitization in lending market size has grown exponentially in recent years. It will grow from $15.26 billion in 2024 to $19.1 billion in 2025 at a compound annual growth rate (CAGR) of 25.2%. The growth in the historic period can be attributed to expanded internet accessibility, a shift towards paperless transactions, the introduction of online loan marketplaces, demand for instant loan approvals and disbursements, and the emergence of mobile banking applications.

The digitization in lending market size is expected to see exponential growth in the next few years. It will grow to $46.29 billion in 2029 at a compound annual growth rate (CAGR) of 24.8%. The growth in the forecast period can be attributed to the continued increased demand for digital lending solutions, expansion of peer-to-peer lending platforms, growth of online marketplaces, and adoption of blockchain technology for secure transactions. Major trends in the forecast period include the development of digital identity verification solutions, integration of voice and chatbot technologies, the evolution of robo-advisors and automated financial planning tools, growth of decentralized finance (defi) platforms, rise of subscription-based lending models, development of decentralized identity solutions.

The growth of digitization in lending is being driven by the increasing adoption of digital banking and payments. Digital lending refers to banking conducted through digital platforms, eliminating paper-based transactions such as demand drafts and checks. Digital banking and payment platforms offer unmatched convenience, enabling customers to access banking services and conduct transactions anytime, anywhere, using their mobile devices or computers. This shift towards digital banking is evident, with an estimated 93% of Brits using online banking in 2022, and an additional 10% intending to get a digital-only bank account in 2023. By 2028, the number of digital-only bank account holders is projected to reach 22.6 million, indicating a significant growth trajectory for digitization in lending.

Key players in the digitization of the lending market are focusing on strategic partnerships to enhance their technological capabilities, streamline operations, and offer innovative lending solutions. These partnerships involve formal agreements between organizations to collaborate on specific business objectives while maintaining independence. For example, Epic River integrated its web platform with Finastra's LaserPro loan documentation system in March 2024 to streamline loan closing processes for community banks and credit unions. This partnership facilitates automatic data transfer, reducing manual entry and ensuring accuracy, while also addressing the need for agility and innovation in financial institutions.

In October 2022, Rapid Finance acquired Thrive, aligning with its goal of modernizing business finance and delivering value to clients. Thrive provides an end-to-end digital lending platform for banks, non-bank lenders, and credit unions, complementing Rapid Finance's offerings in online financial services for small and medium-sized businesses.

Major companies operating in the digitization in lending market are Goldman Sachs Bank, SoFi Technologies Inc. , Affirm Holdings Inc., LendingClub, LoanDepot, Upstart Holdings, Lendio, Zopa Bank Ltd., Prosper Marketplace Inc., Avant LLC, Kabbage, Funding Circle, Credible Labs Inc., OnDeck Capital, Marlette Funding LLC , Rapid Finance, BlueVine, CommonBond, Payoff Inc., LightStream, StreetShares Inc. , Circleback Lending Inc., Peerform

North America was the largest region in the digitization in lending market in 2024. The regions covered in the digitization in lending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the digitization in lending market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The digitization in lending market includes revenues earned by entities by providing services for online loan applications, electronic document submission and processing, automated underwriting processes, and digital signatures. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Digitization In Lending Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on digitization in lending market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for digitization in lending ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digitization in lending market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Online; Offline
2) By Loan Amount: Small Loans; Medium Loans; Large Loans
3) By Deployment: Smartphone; Computer
4) By Application: Business Loan; Personal Loan; Mortgage Loan; Auto Loan
Subsegments:
1) By Online: Peer-To-Peer Lending (P2P); Digital Bank Loans; Online Personal Loans; Online Business Loans; Online Mortgage Lending
2) By Offline: Traditional Bank Lending; Credit Unions And Community Lenders; In-Branch Loan Services; Microfinance Institutions (MFIs)
Companies Mentioned: Goldman Sachs Bank; SoFi Technologies Inc. ; Affirm Holdings Inc.; LendingClub; LoanDepot
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r30000

1. Executive Summary

2. Digitization In Lending market Characteristics

3. Digitization In Lending market Trends And Strategies

4. Digitization In Lending market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Digitization In Lending Growth Analysis And Strategic Analysis Framework

5.1. Global Digitization In Lending PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Digitization In Lending market Growth Rate Analysis
5.4. Global Digitization In Lending Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Digitization In Lending Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Digitization In Lending Total Addressable Market (TAM)

6. Digitization In Lending market Segmentation

6.1. Global Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Online
Offline
6.2. Global Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Small Loans
Medium Loans
Large Loans
6.3. Global Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Smartphone
Computer
6.4. Global Digitization In Lending market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Business Loan
Personal Loan
Mortgage Loan
Auto Loan
6.5. Global Digitization In Lending Market, Sub-Segmentation Of Online, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Peer-To-Peer Lending (P2P)
Digital Bank Loans
Online Personal Loans
Online Business Loans
Online Mortgage Lending
6.6. Global Digitization In Lending Market, Sub-Segmentation Of Offline, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Traditional Bank Lending
Credit Unions And Community Lenders
In-Branch Loan Services
Microfinance Institutions (MFIs)

7. Digitization In Lending market Regional And Country Analysis

7.1. Global Digitization In Lending market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Digitization In Lending market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Digitization In Lending market

8.1. Asia-Pacific Digitization In Lending market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Digitization In Lending market

9.1. China Digitization In Lending market Overview
9.2. China Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Digitization In Lending market

10.1. India Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Digitization In Lending market

11.1. Japan Digitization In Lending market Overview
11.2. Japan Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Digitization In Lending market

12.1. Australia Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Digitization In Lending market

13.1. Indonesia Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Digitization In Lending market

14.1. South Korea Digitization In Lending market Overview
14.2. South Korea Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Digitization In Lending market

15.1. Western Europe Digitization In Lending market Overview
15.2. Western Europe Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Digitization In Lending market

16.1. UK Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Digitization In Lending market

17.1. Germany Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Digitization In Lending market

18.1. France Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Digitization In Lending market

19.1. Italy Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Digitization In Lending market

20.1. Spain Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Digitization In Lending market

21.1. Eastern Europe Digitization In Lending market Overview
21.2. Eastern Europe Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Digitization In Lending market

22.1. Russia Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Digitization In Lending market

23.1. North America Digitization In Lending market Overview
23.2. North America Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Digitization In Lending market

24.1. USA Digitization In Lending market Overview
24.2. USA Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Digitization In Lending market

25.1. Canada Digitization In Lending market Overview
25.2. Canada Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Digitization In Lending market

26.1. South America Digitization In Lending market Overview
26.2. South America Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Digitization In Lending market

27.1. Brazil Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Digitization In Lending market

28.1. Middle East Digitization In Lending market Overview
28.2. Middle East Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Digitization In Lending market

29.1. Africa Digitization In Lending market Overview
29.2. Africa Digitization In Lending market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Digitization In Lending market, Segmentation By Loan Amount, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Digitization In Lending market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Digitization In Lending market Competitive Landscape And Company Profiles

30.1. Digitization In Lending market Competitive Landscape
30.2. Digitization In Lending market Company Profiles
- 30.2.1. Goldman Sachs Bank Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. SoFi Technologies Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Affirm Holdings Inc. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. LendingClub Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. LoanDepot Overview, Products and Services, Strategy and Financial Analysis

31. Digitization In Lending market Other Major And Innovative Companies

31.1. Upstart Holdings
31.2. Lendio
31.3. Zopa Bank Ltd.
31.4. Prosper Marketplace Inc.
31.5. Avant LLC
31.6. Kabbage
31.7. Funding Circle
31.8. Credible Labs Inc.
31.9. OnDeck Capital
31.10. Marlette Funding LLC
31.11. Rapid Finance
31.12. BlueVine
31.13. CommonBond
31.14. Payoff Inc.
31.15. LightStream

32. Global Digitization In Lending market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Digitization In Lending market

34. Recent Developments In The Digitization In Lending market

35. Digitization In Lending market High Potential Countries, Segments and Strategies

35.1 Digitization In Lending market In 2029 - Countries Offering Most New Opportunities
35.2 Digitization In Lending market In 2029 - Segments Offering Most New Opportunities
35.3 Digitization In Lending market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer