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The global loan origination software market is expected to reach US$ 4,989.4 million in 2023 and US$ 17,505.7 million by 2033, with a CAGR of 13.4%. The increasing demand for automation and digitization in the financial sector is a significant driver for the loan origination software industry. Data security and compliance are among the primary challenges facing the loan origination software market. Artificial intelligence and machine learning are expected to play a major role in the loan origination software market, enabling lenders to offer a seamless and convenient borrowing experience.
