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The global loan origination software market is experiencing growth due to several factors, including an increase in the adoption of AI, machine learning, and blockchain technologies, improved customer experience, and technological advancement in loan origination and management. The report states that the global loan origination software industry was valued at $4.8 billion in 2022 and is projected to reach $12.2 billion by 2032, growing at a CAGR of 10.2% from 2023 to 2032. Prime determinants of growth include the adoption of AI, machine learning, and blockchain technologies, improved customer experience, and technological advancement in loan origination and management.
