Global loan management software market to reach $9.5 billion

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Portland, OR, Sept. 26, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Loan Management Software Market is expected to generate $2.3 billion in revenue in 2021 and is expected to reach $9.5 billion by 2031, registering a CAGR of 15.2% from 2022 to 2031. The market research provides a detailed analysis of changing industry trends, most important segments, value chain analysis, key investment business scenarios, regional space and competitive space. The study is a key source of information for giant players, entrepreneurs, shareholders and owners to generate new strategies for the future and take action to improve their market position. The report presents an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly changing industry.

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Report coverage and details:

Report cover Details
Forecast period 2022–2031
base year 2021
Market size in 2021 $2.3 billion
Market size in 2031 $9.5 billion
CAGR 15.2%
Number of pages in the report 382
Segments Covered Component, deployment mode, company size, application, end user and region
Drivers Loan management software helps increase revenue for loan service providers by sending them notifications about overdue payments and loan payment due dates.
The loan management software allows online payments, offline collections, repayment calculation, principal amount and interest.
Opportunities Need to reduce lead times, acceptance of artificial intelligence and breakthroughs in software technology.
Constraints High cost of deploying loan management software.

Covid-19 scenario

  • The Covid-19 pandemic has had a moderate impact on the growth of the global loan management software market, with rising unemployment and job losses caused by the pandemic outbreak, resulting in lower demand for real estate, mortgage and personal loans.
  • The lockdown during the COVID-19 pandemic forced banks and other financial institutions to physically collect loans, which impacted the growth of the global market.

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The report offers detailed segmentation of the global loan management software market based on component, mode of deployment, company size, application, end-user, and region. It provides in-depth analysis of each segment and sub-segment in tables and figures through which consumers can draw conclusion about market trends and outlook. Market report analysis helps organizations, investors, and entrepreneurs to understand which sub-segments are to be tapped to achieve huge growth in the coming years.

In terms of components, the software segment held the highest market share in 2021. Additionally, it accounted for three quarters of the overall global loan management software market share in 2021. Additionally, this segment is expected to retain its dominant position during the forecast period. However, the services segment is expected to register the highest CAGR of 19.3% from 2022 to 2031.

Based on application, the commercial lending software segment held the largest share in 2021 and accounted for more than two-fifths of the overall loan management software market share. Moreover, this segment is expected to account for the highest market share in 2031. However, the loan origination software segment is also expected to register the fastest CAGR of 19.1% during the forecast period.

Based on enterprise size, the large enterprise segment contributed the largest market share in 2021. Additionally, it contributed more than three-quarters of the global IT management software market share ready in 2021. Additionally, the segment is expected to maintain its dominant status during the forecast timeline. However, the small and medium enterprise (SME) segment is expected to register the highest CAGR of 18.5% during the forecast period.

Based on region, Asia-Pacific region is expected to contribute the highest market share in 2031. It will account for almost one-third of the global loan management software market share. Asia Pacific Loan Management Software Market is expected to register the fastest CAGR of 17.9% from 2022 to 2031. The report also analyzes regions such as LAMEA, North America, and Europe.

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Key players of Global Loan Management Software Market examined in research include Applied Business Software, Inc., Neofin (SECURITY), Bryt Software LLC, C-Loans, Inc., Emphasys Software, FICS, Fiserv, Inc., Shaw Systems Associates, LLC, GOLDPoint Systems, Inc., Grants Management System (GMS), Graveco Software Inc., LoanPro, Margill, Nortridge Software, LLC, Q2 Software, Inc., The Constellation Mortgage Solutions and TurnKey Lender.

The report assesses these major players in the global loan management software industry. These players have implemented a range of major business strategies such as expanding regional and customer bases, launching new products, strategic alliances and joint ventures to expand product lines in global markets. The market research report supports tracking the performance of each segment, the positioning of each product in the respective segments, and the impact of new technologies and product innovations on the overall market size.

Main benefits for stakeholders

  • This report provides a quantitative analysis of market segments, current trends, estimates and forecast dynamics of the Loan Management Software market from 2022 to 2031 to identify current opportunities in the Loan Management Software market .
  • Market research is offered with information related to key drivers, restraints, and opportunities.
  • Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the Loan Management Software market share helps in determining the existing market opportunities.
  • The report includes analysis of regional and global Loan Management Software market trends, key players, market segments, application areas and market growth strategies.

Loan Management Software Market Report Highlights

Making up

Deployment mode

size of the company

  • Large companies
  • Small and medium-sized enterprises (SMEs)

Application

  • commercial lending software
  • loan management software
  • loan origination software

Final user

  • Banks
  • credit unions
  • Mortgage lenders and brokers
  • Others

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