Loan servicing software market size to increase by USD 2,130.07 million: North America will account for 49% of the market's growth during the forecast period - Technavio

NEW YORK, Feb. 1, 2023 /PRNewswire/ -- The Loan Servicing Software Market by Application, Deployment, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 10.72% and register an incremental growth of USD 2,130.07 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download PDF Sample Report.

Regional analysis

By region, the global loan servicing software market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. North America will account for 49% of the market's growth during the forecast period. The adoption of digital borrowing and lending funds is driving the growth of the regional market.

Company profiles

The loan servicing software market report includes information on the key products and recent developments of leading vendors, including:

• Black Knight Inc: The company offers loan servicing software solutions such as Mortgage Servicing Platform.
• Constellation Software Inc: The company offers loan servicing software solutions such as Constellation Financial Software. 
• Cyrus Technoedge Solutions Pvt. Ltd: The company offers loan servicing software solutions such as Loan Management Software. 
• DownHome Solutions: The company offers loan servicing software solutions such as DownHome Loan Manager. 
• Fidelity National Information Services Inc: The company offers loan servicing software solutions such as FIS Commercial Loan Servicing. 
• Financial Industry Computer Systems Inc
• Fiserv Inc.
• Graveco Software Inc.
• LOAN SERVICING SOFT Inc
• Nortridge Software LLC
• Nucleus Software Exports Ltd
• Oracle Corp.
• To gain access to more vendor profiles available with Technavio, buy the report!

Market dynamics

The market is driven by factors such as the rising demand for efficiency in lending operations, the rise in adoption of cloud-based loan servicing software offerings, and the rising cost of loan servicing. However, the data privacy and security issues associated with cloud-based products and services are hindering market growth.

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Request a Sample

Market segmentation

• By application, the market is segmented into banks, credit unions, mortgage lenders, brokers, and others. The bank segment accounted for the largest share of the market in 2021.
• By geography, the market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. North America held the largest share of the market in 2021.

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What are the key data covered in this loan servicing software market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the loan servicing software market between 2023 and 2027
• Precise estimation of the size of the loan servicing software market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the loan servicing software market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of loan servicing software market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global loan servicing software market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global loan servicing software market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Deployment Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Banks - Market size and forecast 2022-2027
• Exhibit 34: Chart on Banks - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Banks - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Banks - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Banks - Year-over-year growth 2022-2027 (%)

• 6.4 Credit unions - Market size and forecast 2022-2027
• Exhibit 38: Chart on Credit unions - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Credit unions - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Credit unions - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Credit unions - Year-over-year growth 2022-2027 (%)

• 6.5 Mortgage lenders - Market size and forecast 2022-2027
• Exhibit 42: Chart on Mortgage lenders - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Mortgage lenders - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Mortgage lenders - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Mortgage lenders - Year-over-year growth 2022-2027 (%)

• 6.6 Brokers - Market size and forecast 2022-2027
• Exhibit 46: Chart on Brokers - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Brokers - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Brokers - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Brokers - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Application 
• Exhibit 54: Market opportunity by Application ($ million)

7 Market Segmentation by Deployment

• 7.1 Market segments 
• Exhibit 55: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Deployment - Market share 2022-2027 (%)

• 7.2 Comparison by Deployment 
• Exhibit 57: Chart on Comparison by Deployment
• Exhibit 58: Data Table on Comparison by Deployment

• 7.3 Cloud-based - Market size and forecast 2022-2027
• Exhibit 59: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 7.4 On-premise - Market size and forecast 2022-2027
• Exhibit 63: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Deployment 
• Exhibit 67: Market opportunity by Deployment ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Abrigo 
• Exhibit 120: Abrigo - Overview
• Exhibit 121: Abrigo - Product / Service
• Exhibit 122: Abrigo - Key offerings

• 12.4 Applied Business Software Inc 
• Exhibit 123: Applied Business Software Inc - Overview
• Exhibit 124: Applied Business Software Inc - Product / Service
• Exhibit 125: Applied Business Software Inc - Key offerings

• 12.5 Black Knight Inc 
• Exhibit 126: Black Knight Inc - Overview
• Exhibit 127: Black Knight Inc - Business segments
• Exhibit 128: Black Knight Inc - Key offerings
• Exhibit 129: Black Knight Inc - Segment focus

• 12.6 Constellation Software Inc. 
• Exhibit 130: Constellation Software Inc. - Overview
• Exhibit 131: Constellation Software Inc. - Product / Service
• Exhibit 132: Constellation Software Inc. - Key offerings

• 12.7 Cyrus Technoedge Solutions Pvt. Ltd. 
• Exhibit 133: Cyrus Technoedge Solutions Pvt. Ltd. - Overview
• Exhibit 134: Cyrus Technoedge Solutions Pvt. Ltd. - Product / Service
• Exhibit 135: Cyrus Technoedge Solutions Pvt. Ltd. - Key offerings

• 12.8 DownHome Solutions 
• Exhibit 136: DownHome Solutions - Overview
• Exhibit 137: DownHome Solutions - Product / Service
• Exhibit 138: DownHome Solutions - Key offerings

• 12.9 Fidelity National Information Services Inc.
• Exhibit 139: Fidelity National Information Services Inc. - Overview
• Exhibit 140: Fidelity National Information Services Inc. - Business segments
• Exhibit 141: Fidelity National Information Services Inc. - Key news
• Exhibit 142: Fidelity National Information Services Inc. - Key offerings
• Exhibit 143: Fidelity National Information Services Inc. - Segment focus

• 12.10 Financial Industry Computer Systems Inc
• Exhibit 144: Financial Industry Computer Systems Inc - Overview
• Exhibit 145: Financial Industry Computer Systems Inc - Product / Service
• Exhibit 146: Financial Industry Computer Systems Inc - Key offerings

• 12.11 Fiserv Inc. 
• Exhibit 147: Fiserv Inc. - Overview
• Exhibit 148: Fiserv Inc. - Business segments
• Exhibit 149: Fiserv Inc. - Key offerings
• Exhibit 150: Fiserv Inc. - Segment focus

• 12.12 LOAN SERVICING SOFT Inc 
• Exhibit 151: LOAN SERVICING SOFT Inc - Overview
• Exhibit 152: LOAN SERVICING SOFT Inc - Product / Service
• Exhibit 153: LOAN SERVICING SOFT Inc - Key offerings

• 12.13 Nortridge Software LLC 
• Exhibit 154: Nortridge Software LLC - Overview
• Exhibit 155: Nortridge Software LLC - Product / Service
• Exhibit 156: Nortridge Software LLC - Key offerings

• 12.14 Nucleus Software Exports Ltd 
• Exhibit 157: Nucleus Software Exports Ltd - Overview
• Exhibit 158: Nucleus Software Exports Ltd - Business segments
• Exhibit 159: Nucleus Software Exports Ltd - Key offerings
• Exhibit 160: Nucleus Software Exports Ltd - Segment focus

• 12.15 Oracle Corp. 
• Exhibit 161: Oracle Corp. - Overview
• Exhibit 162: Oracle Corp. - Business segments
• Exhibit 163: Oracle Corp. - Key news
• Exhibit 164: Oracle Corp. - Key offerings
• Exhibit 165: Oracle Corp. - Segment focus

• 12.16 PCFS Solutions 
• Exhibit 166: PCFS Solutions - Overview
• Exhibit 167: PCFS Solutions - Product / Service
• Exhibit 168: PCFS Solutions - Key offerings

• 12.17 Shaw Systems Associates LLC 
• Exhibit 169: Shaw Systems Associates LLC - Overview
• Exhibit 170: Shaw Systems Associates LLC - Product / Service
• Exhibit 171: Shaw Systems Associates LLC - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 172: Inclusions checklist
• Exhibit 173: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 174: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 175: Research methodology
• Exhibit 176: Validation techniques employed for market sizing
• Exhibit 177: Information sources

• 13.5 List of abbreviations 
• Exhibit 178: List of abbreviations

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