Digital Lending Platform Market Size to Be Valued At $15.3 Billion By 2026

The global market for digital lending platforms is projected to account for $ 15.3 billion by the end of 2026 and is projected to emerge as the fastest growing segment in the coming years, according to the new Million Insights report, posting a rate annual compound of 20.7%. during the forecast period, 2019 to 2026.

Government initiatives are anticipated to help promote the digital lending platform among businesses to drive market growth during the forecast period. In addition, the arrival of new technologies such as artificial intelligence (AI), blockchain, robotic process automation and machine learning (ML) will be really helpful, as financial institutions will have a transparent loan process without paperwork and will help protect customer personal information. Additionally, the risk management segment is anticipated to exhibit a faster CAGR of more than 23.0% during the forecast period.