Global Jellies & Gummies Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Store Based, and Non-store Based), By Flavor (Berries, Grapefruit, Cherry, Peach, Apple), By Regional Outlook and Forecast, 2023 - 2030

Global Loan Origination Software Market Size, Share & Industry Trends Analysis Report By Component (Solution, and Service), By Deployment Mode (On-premise, and Cloud), By End-User, By Regional Outlook and Forecast, 2023 - 2030


The Global Loan Origination Software Market size is expected to reach $10.0 billion by 2030, rising at a market growth of 10.5% CAGR during the forecast period.

Banks use loan origination software to automate and streamline the loan application and approval process. Therefore, the banks segment is poised to acquire more than 43% share of the market by 2030. This helps reduce manual tasks, lowers operational costs, and accelerates the time to approve and disburse loans. Banks often require customized LOS solutions to meet their lending criteria and processes. Loan origination software can be tailored to align with the bank's lending policies and business objectives. The bank segment is a significant player in the loan origination software market and plays a crucial role in the lending industry. Banks use loan origination software (LOS) to streamline and automate the process of originating, underwriting, and managing loans.

The major strategies followed by the market participants are Partnerships as the key developmental strategy in order to keep pace with the changing demands of end users. In November, 2022, LendingPad Corp. formed a partnership with Shape Software, Inc to provide comprehensive LOS and CRM solutions for larger broker clients. Additionally, In September, 2023, Floify LLC teamed up with Wolters Kluwer N.V. to utilize the features offered by Wolters Kluwer's original product suite.

Based on the Analysis presented in the KBV Cardinal matrix; ICE Mortgage Technology, Inc. is the forerunner in the Market. In July, 2023, ICE Mortgage Technology, Inc. partnered with Electronic Appraisal Solutions, Inc. Through this partnership, mortgage industry stakeholders would be provided with efficient access to every single collateral valuation-related product and service. Companies such as Software Advice, Inc., Floify LLC, LendingPad Corp. are some of the key innovators in the Market.

Market Growth Factors

Growing Adoption of Blockchain, AI, and Machine Learning Technologies

The increased adoption of AI, ML, and blockchain technology significantly impacts the loan origination software market, transforming how lenders evaluate, process, and manage loans. These technological advances have increased efficiency, precision, and security, propelling the market growth for loan origination software. AI and ML optimize risk assessment, allowing lenders to make informed decisions, while blockchain ensures the integrity and security of sensitive borrower information. This accelerates the lending cycle and reduces the probability of errors, fraud, and compliance violations. Therefore, the growing use of AI, ML, and blockchain technology, which encourages efficiency, accuracy, and security across the lending process, is fueling the growth of the loan origination software market.

Enhanced Customer Experience

In a financial landscape that is undergoing rapid change, consumers demand streamlined, convenient, and customized experiences throughout the entire borrowing journey. Incorporating automation and AI-driven tools into loan origination processes has significantly accelerated the application processing and risk assessment. As a result, consumers experience quicker approvals, fast disbursals, and lower error rates, boosting their confidence in the lending institution. These platforms transform borrowing into a positive, effective, and secure experience by offering ease, personalization, efficiency, and security. As customer expectations continue to evolve, the market for loan origination software must remain dynamic, incorporating innovative technologies to exceed these expectations and propel the market forward consistently.

Market Restraining Factors

Issues About Compliance and Data Security

Nowadays, in the digital landscape, where financial transactions and sensitive information are predominantly processed electronically, assuring the security and confidentiality of customer data is of the utmost importance. Nonetheless, loan origination involves acquiring, storing, and transmitting susceptible data, such as personal and financial information. In addition, customers are worried about exposing their personal information online due to increased user awareness of data security. This prudence extends to loan applications and financial transactions, causing prospective borrowers to seek out lenders that prioritize data security. Concerns about data security and compliance have substantially slowed the expansion of the loan origination software market.

Component Outlook

On the basis of component, the market is bifurcated into solution and service. In 2022, the solution segment dominated the market with maximum revenue share. The growth of the solution segment in the LOS market is directly tied to the evolving needs of lenders, regulatory requirements, and technological advancements. As financial institutions seek to provide faster, more efficient, and compliant loan origination processes, the demand for comprehensive and adaptable LOS solutions will continue to grow. The loan origination software market offers a range of solutions tailored to the needs of various financial institutions, including banks, credit unions, mortgage lenders, and online lending platforms. These solutions can vary regarding features, scalability, and deployment options (on-premises or cloud-based). Loan origination software solutions come with a wide array of features and functionalities.

Deployment Mode Outlook

By deployment mode, the market is categorized into on-premise and cloud. The cloud segment covered a considerable revenue share in the market in 2022. The adoption of cloud technology will likely fuel the expansion of the loan origination software market by providing financial institutions with the flexibility, cost-efficiency, and advanced capabilities needed to streamline their loan origination processes and stay competitive in a rapidly evolving market. Cloud-based loan origination software can easily scale up or down based on the needs of financial institutions. This flexibility allows banks and lending organizations to handle fluctuations in loan origination volume without significant infrastructure investments. Cloud-based loan origination software can enhance the customer experience by offering online application forms, document uploads, and real-time status updates.

End-User Outlook

Based on end-user, the market is classified into banks, credit unions, mortgage lenders & brokers, NBFCs, and others. The credit unions segment projected a prominent revenue share in the market in 2022. Loan origination software (LOS) helps credit unions automate and digitize their loan origination processes, reducing manual paperwork and administrative tasks. This automation increases operational efficiency and cost savings, allowing credit unions to allocate resources more effectively. Members of credit unions expect convenient and fast loan approval processes. LOS solutions enable credit unions to offer quicker loan decisions and a seamless application experience, enhancing member satisfaction and retention. Adopting loan origination software among credit unions may vary depending on their size, budget, and strategic priorities.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired a significant revenue share in the market. This expansion can be ascribed to the surge in small and medium-sized businesses (SMEs) and e-commerce in the region, which has expanded demand for business loans. Online lenders and fintech platforms are filling the need for loan origination software with simplified loan origination procedures. As a result of rising income levels, urbanization, and a developing middle class, the Asia-Pacific region is also associated with some of the fastest-growing economies in the world. As economies expand, so does the demand for mortgage, personal, and commercial loan origination software.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Finastra Group Holdings Limited (Vista Equity Partners), Software Advice, Inc. (Gartner, Inc.), Floify LLC (Porch Group, Inc.), Bryt Software LCC, LendingPad Corporation, ICE Mortgage Technology, Inc. (Intercontinental Exchange, Inc.), Nelito Systems Pvt. Ltd., LoanPro Software, LLC, TurnKey Lender Inc., and nCino, Inc.

Recent Strategies Deployed in Loan Origination Software Market

Partnerships, Collaborations, and Agreements:

Sep-2023: Floify LLC teamed up with Wolters Kluwer N.V., an information services company, to utilize the features offered by Wolters Kluwer's original product suite. This partnership would offer Floify customers a digital e-closing capability, enabling digital signatures as an alternative to the traditional wet-signing approach.

Jul-2023: ICE Mortgage Technology, Inc. partnered with Electronic Appraisal Solutions, Inc., also known as Valligent, a company that offers appraisal, compliance solutions, and valuation services to integrate its offerings with Valligent's platform. Through the partnership, mortgage industry stakeholders would be provided with efficient access to every single collateral valuation-related product and service.

Dec-2022: LendingPad Corp. signed an integration partnership with Mortech, a Zillow Group business, product, and pricing engine. LendingPad's loan origination software users would have the capability to effortlessly access up-to-date and precise mortgage rates from Mortech's product and pricing engine directly through the platform, eliminating the requirement for manual data input. This enhancement would result in time savings for loan officers, as data transfer would be seamless, and it would enhance the locking process by granting access to real-time and historical pricing information within the LendingPad platform, offering greater visibility.

Nov-2022: LendingPad Corp. formed a partnership with Shape Software, Inc., a customer relationship management (CRM) platform, to provide comprehensive LOS and CRM solutions for larger broker clients. This seamless integration between LendingPad and Shape eliminates the need for manual data entry regarding borrower information and ensures that critical loan data and statuses remain synchronized.

Sep-2022: LendingPad Corp. came into partnership with Lender Price., a mortgage loan pricing technology provider, to integrate its offerings with Lender Price's portfolio. Through this partnership, loan officers would have the opportunity to consolidate the complex loan origination process. This would enable them to access both product eligibility information and competitive pricing analysis within a single application, all seamlessly integrated through the LendingPad system.

Sep-2022: LoanPro Software, LLC partnered with Anovaa, a next-generation consumer loan origination platform, to provide end-to-end loan servicing & and loan origination solutions. This partnership would provide users of LoanPro and Anovaa with full command over the entire loan journey, starting from Anovaa's origination solution and extending to LoanPro's capacity to manage loans and enhance collections.

Mar-2022: ICE Mortgage Technology, Inc. came into an integration partnership with Maxwell Financial Labs, Inc., a mortgage fintech solutions platform for small to midsize lenders, for its Encompass eClose. This solution would be integrated into Maxwell's point-of-sale platform, aimed to make the closing process easier and more efficient for both lenders and borrowers throughout the United States. By adding eClose to Maxwell's platform, the company would be able to give all the Encompass lenders using their system a real digital experience. This would make things work better, speed up the steps, and lower expenses for the lender.

Mar-2022: ICE Mortgage Technology, Inc. formed a partnership with Roostify, Inc., a leading mortgage technology provider, to provide an extensive digital closing solution that would strengthen Roostify's two-way integration with Encompass. This partnership would enable lenders to offer borrowers an improved lending experience characterized by speed, efficiency, and accuracy.

Sep-2021: Floify LLC partnered with Unify, a customer relationship management (CRM) and marketing automation software. The partnership would empower loan originators utilizing Floify to automate their mortgage process and unify to oversee their customer database.

Geographical Expansions:

Nov-2022: TurnKey Lender Inc. has expanded its reach to the United Kingdom. This move would allow the company to provide comprehensive automation, adaptability, AI-driven credit scoring, and top-tier reporting capabilities that would benefit the wider global TurnKey Lender community in the UK.

Product Launches and Product Expansions:

Apr-2021: ICE Mortgage Technology, Inc. launched Encompass eClose, an edge solution that facilitates mortgage loans eClosing workflow. The solution offers several benefits including lowering operational costs, providing a single platform for multiple eClose platforms, reducing the acquisition cycle, etc.

Feb-2021: Floify LLC revealed that it would be updating to Floify E-Sign, the company's widely used native e-signature solution. This update aims to include support for the Disclosure Desk. The update namely, Floify E-Sign for Disclosure Desk would enable enterprise lenders to smoothly combine their existing loan origination system (LOS) with Floify and the platform's built-in e-signature solution, creating a mobile-friendly point-of-sale (POS) system that would streamline the origination and disclosure process. Floify E-Sign for Disclosure Desk would make getting a loan easier and help lenders make more money by providing useful features.

Scope of the Study

Market Segments covered in the Report:

By Component
  • Solution
  • Service
By Deployment Mode
  • On-premise
  • Cloud
By End-User
  • Banks
  • NBFCs
  • Mortgage Lenders & Brokers
  • Credit Unions
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • Finastra Group Holdings Limited (Vista Equity Partners)
  • Software Advice, Inc. (Gartner, Inc.)
  • Floify LLC (Porch Group, Inc.)
  • Bryt Software LCC
  • LendingPad Corporation
  • ICE Mortgage Technology, Inc. (Intercontinental Exchange, Inc.)
  • Nelito Systems Pvt. Ltd.
  • LoanPro Software, LLC
  • TurnKey Lender Inc.
  • nCino, Inc
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Jellies & Gummies Market, by Distribution Channel
1.4.2 Global Jellies & Gummies Market, by Flavor
1.4.3 Global Jellies & Gummies Market, by Geography
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Jellies & Gummies Market
Chapter 5. Global Jellies & Gummies Market, By Distribution Channel
5.1 Global Store Based Market, By Region
5.2 Global Non-store Based Market, By Region
Chapter 6. Global Jellies & Gummies Market, By Flavor
6.1 Global Berries Market, By Region
6.2 Global Grapefruit Market, By Region
6.3 Global Cherry Market, By Region
6.4 Global Peach Market, By Region
6.5 Global Apple Market, By Region
6.6 Global Others Market, By Region
Chapter 7. Global Jellies & Gummies Market, By Region
7.1 North America Jellies & Gummies Market
7.1.1 North America Jellies & Gummies Market, By Distribution Channel
7.1.1.1 North America Store Based Market, By Country
7.1.1.2 North America Non-store Based Market, By Country
7.1.2 North America Jellies & Gummies Market, By Flavor
7.1.2.1 North America Berries Market, By Country
7.1.2.2 North America Grapefruit Market, By Country
7.1.2.3 North America Cherry Market, By Country
7.1.2.4 North America Peach Market, By Country
7.1.2.5 North America Apple Market, By Country
7.1.2.6 North America Others Market, By Country
7.1.3 North America Jellies & Gummies Market, By Country
7.1.3.1 US Jellies & Gummies Market
7.1.3.1.1 US Jellies & Gummies Market, By Distribution Channel
7.1.3.1.2 US Jellies & Gummies Market, By Flavor
7.1.3.2 Canada Jellies & Gummies Market
7.1.3.2.1 Canada Jellies & Gummies Market, By Distribution Channel
7.1.3.2.2 Canada Jellies & Gummies Market, By Flavor
7.1.3.3 Mexico Jellies & Gummies Market
7.1.3.3.1 Mexico Jellies & Gummies Market, By Distribution Channel
7.1.3.3.2 Mexico Jellies & Gummies Market, By Flavor
7.1.3.4 Rest of North America Jellies & Gummies Market
7.1.3.4.1 Rest of North America Jellies & Gummies Market, By Distribution Channel
7.1.3.4.2 Rest of North America Jellies & Gummies Market, By Flavor
7.2 Europe Jellies & Gummies Market
7.2.1 Europe Jellies & Gummies Market, By Distribution Channel
7.2.1.1 Europe Store Based Market, By Country
7.2.1.2 Europe Non-store Based Market, By Country
7.2.2 Europe Jellies & Gummies Market, By Flavor
7.2.2.1 Europe Berries Market, By Country
7.2.2.2 Europe Grapefruit Market, By Country
7.2.2.3 Europe Cherry Market, By Country
7.2.2.4 Europe Peach Market, By Country
7.2.2.5 Europe Apple Market, By Country
7.2.2.6 Europe Others Market, By Country
7.2.3 Europe Jellies & Gummies Market, By Country
7.2.3.1 Germany Jellies & Gummies Market
7.2.3.1.1 Germany Jellies & Gummies Market, By Distribution Channel
7.2.3.1.2 Germany Jellies & Gummies Market, By Flavor
7.2.3.2 UK Jellies & Gummies Market
7.2.3.2.1 UK Jellies & Gummies Market, By Distribution Channel
7.2.3.2.2 UK Jellies & Gummies Market, By Flavor
7.2.3.3 France Jellies & Gummies Market
7.2.3.3.1 France Jellies & Gummies Market, By Distribution Channel
7.2.3.3.2 France Jellies & Gummies Market, By Flavor
7.2.3.4 Russia Jellies & Gummies Market
7.2.3.4.1 Russia Jellies & Gummies Market, By Distribution Channel
7.2.3.4.2 Russia Jellies & Gummies Market, By Flavor
7.2.3.5 Spain Jellies & Gummies Market
7.2.3.5.1 Spain Jellies & Gummies Market, By Distribution Channel
7.2.3.5.2 Spain Jellies & Gummies Market, By Flavor
7.2.3.6 Italy Jellies & Gummies Market
7.2.3.6.1 Italy Jellies & Gummies Market, By Distribution Channel
7.2.3.6.2 Italy Jellies & Gummies Market, By Flavor
7.2.3.7 Rest of Europe Jellies & Gummies Market
7.2.3.7.1 Rest of Europe Jellies & Gummies Market, By Distribution Channel
7.2.3.7.2 Rest of Europe Jellies & Gummies Market, By Flavor
7.3 Asia Pacific Jellies & Gummies Market
7.3.1 Asia Pacific Jellies & Gummies Market, By Distribution Channel
7.3.1.1 Asia Pacific Store Based Market, By Country
7.3.1.2 Asia Pacific Non-store Based Market, By Country
7.3.2 Asia Pacific Jellies & Gummies Market, By Flavor
7.3.2.1 Asia Pacific Berries Market, By Country
7.3.2.2 Asia Pacific Grapefruit Market, By Country
7.3.2.3 Asia Pacific Cherry Market, By Country
7.3.2.4 Asia Pacific Peach Market, By Country
7.3.2.5 Asia Pacific Apple Market, By Country
7.3.2.6 Asia Pacific Others Market, By Country
7.3.3 Asia Pacific Jellies & Gummies Market, By Country
7.3.3.1 China Jellies & Gummies Market
7.3.3.1.1 China Jellies & Gummies Market, By Distribution Channel
7.3.3.1.2 China Jellies & Gummies Market, By Flavor
7.3.3.2 Japan Jellies & Gummies Market
7.3.3.2.1 Japan Jellies & Gummies Market, By Distribution Channel
7.3.3.2.2 Japan Jellies & Gummies Market, By Flavor
7.3.3.3 India Jellies & Gummies Market
7.3.3.3.1 India Jellies & Gummies Market, By Distribution Channel
7.3.3.3.2 India Jellies & Gummies Market, By Flavor
7.3.3.4 South Korea Jellies & Gummies Market
7.3.3.4.1 South Korea Jellies & Gummies Market, By Distribution Channel
7.3.3.4.2 South Korea Jellies & Gummies Market, By Flavor
7.3.3.5 Singapore Jellies & Gummies Market
7.3.3.5.1 Singapore Jellies & Gummies Market, By Distribution Channel
7.3.3.5.2 Singapore Jellies & Gummies Market, By Flavor
7.3.3.6 Malaysia Jellies & Gummies Market
7.3.3.6.1 Malaysia Jellies & Gummies Market, By Distribution Channel
7.3.3.6.2 Malaysia Jellies & Gummies Market, By Flavor
7.3.3.7 Rest of Asia Pacific Jellies & Gummies Market
7.3.3.7.1 Rest of Asia Pacific Jellies & Gummies Market, By Distribution Channel
7.3.3.7.2 Rest of Asia Pacific Jellies & Gummies Market, By Flavor
7.4 LAMEA Jellies & Gummies Market
7.4.1 LAMEA Jellies & Gummies Market, By Distribution Channel
7.4.1.1 LAMEA Store Based Market, By Country
7.4.1.2 LAMEA Non-store Based Market, By Country
7.4.2 LAMEA Jellies & Gummies Market, By Flavor
7.4.2.1 LAMEA Berries Market, By Country
7.4.2.2 LAMEA Grapefruit Market, By Country
7.4.2.3 LAMEA Cherry Market, By Country
7.4.2.4 LAMEA Peach Market, By Country
7.4.2.5 LAMEA Apple Market, By Country
7.4.2.6 LAMEA Others Market, By Country
7.4.3 LAMEA Jellies & Gummies Market, By Country
7.4.3.1 Brazil Jellies & Gummies Market
7.4.3.1.1 Brazil Jellies & Gummies Market, By Distribution Channel
7.4.3.1.2 Brazil Jellies & Gummies Market, By Flavor
7.4.3.2 Argentina Jellies & Gummies Market
7.4.3.2.1 Argentina Jellies & Gummies Market, By Distribution Channel
7.4.3.2.2 Argentina Jellies & Gummies Market, By Flavor
7.4.3.3 UAE Jellies & Gummies Market
7.4.3.3.1 UAE Jellies & Gummies Market, By Distribution Channel
7.4.3.3.2 UAE Jellies & Gummies Market, By Flavor
7.4.3.4 Saudi Arabia Jellies & Gummies Market
7.4.3.4.1 Saudi Arabia Jellies & Gummies Market, By Distribution Channel
7.4.3.4.2 Saudi Arabia Jellies & Gummies Market, By Flavor
7.4.3.5 South Africa Jellies & Gummies Market
7.4.3.5.1 South Africa Jellies & Gummies Market, By Distribution Channel
7.4.3.5.2 South Africa Jellies & Gummies Market, By Flavor
7.4.3.6 Nigeria Jellies & Gummies Market
7.4.3.6.1 Nigeria Jellies & Gummies Market, By Distribution Channel
7.4.3.6.2 Nigeria Jellies & Gummies Market, By Flavor
7.4.3.7 Rest of LAMEA Jellies & Gummies Market
7.4.3.7.1 Rest of LAMEA Jellies & Gummies Market, By Distribution Channel
7.4.3.7.2 Rest of LAMEA Jellies & Gummies Market, By Flavor
Chapter 8. Company Profiles
8.1 Mondelez International, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Product Launches and Product Expansions:
8.1.4.2 Acquisition and Mergers:
8.1.5 SWOT Analysis
8.2 Mars, Inc.
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 Nestle S.A
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Haribo GmbH & Co. KG
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Product Launches and Product Expansions:
8.4.2.2 Geographical Expansions:
8.4.3 SWOT Analysis
8.5 European Food Plc Co., Ltd
8.5.1 Company Overview
8.6 Cloetta AB (publ)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 SWOT Analysis
8.7 Meiji Holdings Co., Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 The Hershey Company (Hershey Trust Company)
8.8.1 Company overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Acquisition and Mergers:
8.8.5 SWOT Analysis
8.9 Ferrara Candy Company (Ferrero International S.A.)
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Acquisition and Mergers:
8.9.3 SWOT Analysis
8.10. Casa del Dolce S.p.A.
8.10.1 Company Overview
8.10.2 SWOT Analysis
Chapter 9. Winning Imperatives of Jellies & Gummies Market

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