Digital Mortgage Platform Comprehensive market By Component (Solutions and Services); By Solution (Loan Origination, Business Process Management, Decision Automation, Loan Management, Risk and Compliance Management, Loan Servicing, Portfolio Management and Others); By Services (Design and Implementation, Training and Education, Risk Assessment, Integration and Consulting, Support and Maintenance); By Deployment mode (Cloud and On-Premises); By End-User (Banks, Insurance, Financial services, Credit unions, Peer-to-peer lending and others) And Forecast To 2019-2030
Market Overview
A digital mortgage platform provides services to handle the borrowing process. Digital Mortgage Platform aims at simplifying, automating, and standardizing the processes of formation, underwriting, quality assurance, and customer support. This enables borrowers to access increased customer service, reduce costs of origination, servicing and enforcement, increase topline production, improve portfolio quality, and increase operational efficiencies. The digital mortgage platform has been started to get rid of manual processes, remove the paper, minimize labor costs, and simply give the buyer what they want (a mortgage to buy a car) with as little human interference and efficiently. Rising costs, strict regulations, and increasingly digital-savvy user base forced the conventional mortgage lenders to switch to digital mortgage platform.
Market Highlights
Global Digital Mortgage Platform Comprehensive Market is anticipated to grow from USD XXXX billion in 2019 to USD XXXX billion in 2030, at a CAGR of XX%. The overall growth in the market is supported by the following reasons. Banks are embracing such frameworks massively, as they offer streamlined tracking and improved operational efficiencies. It also makes it easier for the lenders to apply for loans and provides them clarity, which in effect results in considerable time savings. The automated design of online lending platforms offers a more efficient approach to providing financing solutions for lenders and borrowers, thereby reducing uncertainty and raising the chances of successful lending approval. Additionally, huge investments from different organizations and a wide customer base are major growth drivers of this market. Nevertheless, in the wake of sophisticated cyber-attacks, a lack of digital literacy among the underdeveloped countries, and growing concerns about data protection and privacy may hinder the market growth. Moreover, improved customer experience, advancement in technology, declining operational costs, and enhanced regulatory compliance are likely to enhance the market share and total revenue so generated.
Global Digital Mortgage Platform Comprehensive Market Opportunity Analysis
Source: Fatpos Global
Recent Highlights
In October 2018, Fiserv entered into a partnership with Dade Systems, to develop and bid Software as a Service-based or individual banking service to their business world clients.
In September 2019, Temenos acquired Kony, US-based digital banking Software as a service-based company to accelerate Temenos Infinity, a digital banking product.
In February 2019, Ellie Mae launched Ellie Mae’s Digital Lending Platform to ensure quick loans, minimize the time in processing and sanctioning process, and mount loan acquisition capacity.
In May 2019, Roostify teamed up with Docutech to enable potential lenders to buy a home through a digital mortgage platform.
Global Digital Mortgage Platform Comprehensive Market: Segments
Business process management Segment to retain the largest market share during the forecast period, i.e., 2020-2030
The global digital mortgage platform market is segmented into solutions and services, by component. The solution segment is further segmented into Loan Origination, Business Process Management, Decision Automation, Loan Management, Risk and Compliance Management, Loan Servicing, Portfolio Management, and Others. The Digital automation segment grew at a CAGR of XX% in 2019 as it provided an automated decision process in the approval or rejection of loans. However, the Business Process Management segment is projected to experience higher growth in the forecast period as for the digital lending organizations, business process management solutions are essential as they improve the productivity of business processes by maximizing the use of software and services. Also, the demand for business process management solutions in the financial industry has increased due to the fact that loan organizations and financial institutions are shifting towards solutions that can handle the complexities of complex business processes.
Source: Fatpos Global
Risk Assessment segment to drive the market in the forecasted period with a CAGR of XX%
The market is bifurcated, based on services, into Design and Implementation, Training and Education, Risk Assessment, Integration and Consulting, Support, and Maintenance. Services are required throughout and after the digital mortgage solutions are incorporated. Companies offering consultants, project management panels, and digital mortgage delivering experts who are able to assess and manage the risks of the borrowing organizations are likely to grow in the forecast period.
Deployment mode to be driven by Cloud segment
On the basis of Deployment mode, the Digital Mortgage Platform Comprehensive market is segmented into cloud and on-premises. The cloud segment is anticipated to propel the growth of the market due to easy accessibility, wide usage, and worldwide popularity, during the forecast period.
Peer-to-peer lender segment to grow at the highest rate during the forecast period
On the basis of end-user, the market is divided into Banks, Insurance, Financial Services, Credit unions, Peer-to-peer lending, and others. The peer-to-peer lending segment is expected to outshine other segments due to increasing popularity among the customers and the entry of large financial institutions in this segment.
Global Digital Mortgage Platform Comprehensive Market: Drivers and Restraints
Given the difficulty of maintaining adherence and enforcing regulations on the digital lending platform, most companies obey global compliance regulations due to the weakness of financial data. The threat world is continuously facing is the rising cyber-attack instances which have resulted in huge losses for financial companies. Governments worldwide are therefore gradually implementing new compliances to safeguard the economic data.
Restraints: Stickiness to traditional lending methods
Worldwide, the banks and other financial institutions have introduced various advanced digital lending technologies to handle their lending processes. But there are several organizations that prefer conventional lending methodologies, which also time-consuming, labor-intensive, and repetitive. They are not able to switch to modern methods because of their fixed customer base and traditional ways of credit underwriting. In addition, the lack of awareness about digital lending in underdeveloped regions is also responsible for the less efficient and advanced digital lending processes.
Global Digital Mortgage Platform Comprehensive Market: Region
The global Digital Mortgage Platform Comprehensive market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, and rest of the world is classified as Middle-East and Africa.
North-America is projected to be the fastest-growing region with a CAGR of XX%
During the forecast period, North America is projected to hold the largest market share. It is attributed to the presence of a large number of vendors of digital mortgage platforms and the earlier recognition and transition to those solutions and services by the huge business organizations in the region. Additionally, the advancement in technology and the high rate of adoption of digital lending platforms are expected to boost the overall market growth.
Source: Fatpos Global
The global Digital Mortgage Platform Comprehensive market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- UK, Germany, France, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia-Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- India, China, South Korea, Malaysia, Japan, Indonesia, Australia, New Zealand and Rest of Asia-Pacific
The Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR- North Africa, Israel, GCC, South Africa and Rest of Middle East and Africa
Key Players
Ellie Mae
Company overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Fiserv
RupeePower
Temenos Group
Abrigo
Roostify Inc
Newgen Software Technologies Ltd
Pegasystem Inc
Wizni Inc
Others
The Global Digital Mortgage Platform Comprehensive Market Report also contains an analysis on:
Digital Mortgage Platform Comprehensive Market by segment:
By Component
Solutions
Loan Origination
Business process Management
Decision Automation
Loan Management
Risk and Compliance Management
Loan Servicing
Portfolio Management
Others
Services
Design and Implementation
Training and Education
Risk Assessment
Integration and Consulting
Support and Maintenance
By Deployment
Cloud
On-Premises
By End-User
Banks
Insurance
Financial Services
Credit Unions
Peer-to-peer lending
Others
By Region
North America
Latin America
Europe
Asia-Pacific
The Middle East and Africa
Digital Mortgage Platform Comprehensive Market Size
Digital Mortgage Platform Comprehensive Market Dynamics
Supply and Demand
Current Issues/trends/challenges
Competition and Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Global Digital Mortgage Platform Comprehensive Market
Which segment is anticipated to hold the largest market share
At what CAGR is the market anticipated to grow between 2020 and 2030
Who are the key players in the Global Digital Mortgage Platform Comprehensive Market
What could be the challenging factors in the growth of Global Digital Mortgage Platform Comprehensive Market
What are the growth drivers for the Global Digital Mortgage Platform Comprehensive Market
Contents
1. Executive Summary
2. Digital Mortgage Platform Comprehensive
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Market Dynamics
5.1. Growth Drivers
5.2. Restraints
5.3. Opportunity
5.4. Trends
6. Recent Development, Policies & Regulatory Landscape
7. Risk Analysis
7.1. Demand Risk Analysis
7.2. Supply Risk Analysis
8. Digital Mortgage Platform Comprehensive Industry Analysis
8.1. Porters Five Forces
8.1.1. Threat of New Entrants
8.1.2. Bargaining Power of Suppliers
8.1.3. Threat of Substitutes
8.1.4. Rivalry
8.2. PEST Analysis
8.2.1. Political
8.2.2. Economic
8.2.3. Social
8.2.4. Technological
9. Global Digital Mortgage Platform Comprehensive Market
9.1. Market Size & forecast, 2019A-2030F
9.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10. Global Digital Mortgage Platform Comprehensive: Market Segmentation
10.1. By Regions
10.1.1. North America: (U.S. and Canada)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2. By Component: Market Share (2020-2030F)
10.2.1. Solution, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.2.2. Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3. By Solution: Market Share (2020-2030F)
10.3.1. Loan Origination, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.2. Business Process Management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.3. Decision Automation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.4. Loan Management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.5. Risk & Compliance Management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.6. Loan Servicing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.7. Portfolio Management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.3.8. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4. By Services: Market Share (2020-2030F)
10.4.1. Design & Implementation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.2. Training & Education, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.3. Risk Assessment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.4. Integration & Consulting, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.4.5. Support & Maintenance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5. By Deployment Mode: Market Share (2020-2030F)
10.5.1. On-premises, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.5.2. Cloud, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6. By End-users: Market Share (2020-2030F)
10.6.1. Banks, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.2. Insurance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.3. Financial Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.4. Credit Unions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.5. Peer-to-peer Lending, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
10.6.6. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11. Company Profile
11.1. Ellie Mae
11.1.1. Company Overview
11.1.2. Company Total Revenue (Financials)
11.1.3. Market Potential
11.1.4. Global Presence
11.1.5. Key Performance Indicators
11.1.6. SWOT Analysis
11.1.7. Product Launch
11.2. Fiserv
11.3. Rupee Power
11.4. Temenos Group
11.5. Abrigo
11.6. Roostify Inc.
11.7. Newgen Software Technologies Ltd.
11.8. Pegasystem Inc.
11.9. Wizni Inc.
11.10. Others
12. Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
| Historical Data (2015-2019) |
|
|
| Influencing Factors |
|
|
| Market Forecast (2021-2026) |
|
|
Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
| Market Size |
|
|
| Market Position of Top Company |
|
|
| Qualitative Analysis |
|
|
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
| Primary Sources | Parameters | Key Data |
| Market Segments(by Application, by Type) |
|
|
| Total Market |
|
|