The loan servicing software market is expected to grow by USD 2.43 billion, progressing at a CAGR of almost 12% during the forecast period.
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Technavio has announced its latest market research report titled Global Loan Servicing Software Market 2020-2024 (Graphic: Business Wire)
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The rising demand for efficiency in lending operations is one of the major factors propelling the market growth. However, factors such as the threat from open-source loan servicing software will hamper the market growth.
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Loan Servicing Software Market: Deployment Landscape
Based on the deployment, the market saw maximum growth in the cloud-based segment in 2019. Factors such as increasing digitization of businesses, expanding geographical presence of financial services companies, and innovations in data security are driving the growth of the segment. The market growth in the segment will be significant over the forecast period.
Loan Servicing Software Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 48% of the market’s overall growth is expected to originate from North America. Increased financing offering for mortgage lenders by the federal government created government-sponsored enterprises is one of the key factors driving the growth of the market in North America.
The US and Canada are the key markets for loan servicing software in North America. Market growth in this region will be faster than the growth of the market in APAC.
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Companies Covered:
- Applied Business Software Inc.
- Black Knight Inc.
- Fiserv Inc.
- ISGN Corp.
- LOAN SERVICING SOFT Inc.
- Mortgage Builder
- Nortridge Software LLC
- Shaw Systems Associates LLC
- Simnang LLC
- Turaz Global Sarl
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Market landscape
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- Cloud-based - Market size and forecast 2019-2024
- On-premise - Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver-Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Applied Business Software Inc.
- Black Knight Inc.
- Fiserv Inc.
- ISGN Corp.
- LOAN SERVICING SOFT Inc.
- Mortgage Builder
- Nortridge Software LLC
- Shaw Systems Associates LLC
- Simnang LLC
- Turaz Global Sarl
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201204005547/en/
