Global P2P lending market was valued at US$ 316.71 million in 2018 and is expected to reach US$ 1,585.23 million by 2027, growing at an estimated CAGR of 16.2% over the forecast period. P2P Lending, also known as Peer-to-Peer lending is the process of lending money to businesses or individuals through online services, allowing borrowers to directly interact with lenders with the help of P2P lending platform. Technological advancements and low cost associated with operations is fuelling the peer to peer lending market.
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Rise in small business loans is anticipated to drive the P2P lending market growth over the forecast period. The P2P lending industry has successfully filled a massive and long required need for an alternative lending platform other than the traditional banking system. After the financial crisis there has been a reduction of loan finance for small and medium sized businesses due to paucity and standardization of information. The P2P lending companies have stepped in to capitalize this opportunity to fulfill small business borrower’s needs. Greater investment transparency and lower interest rates to consumers is driving the growth of P2P lending market in emerging countries. P2P loans usually have lower interest rates because of greater competition between lenders and lower origination fees.
Rise in fraudulent activities and platforms is presumed to critically impact the market growth. One of the most challenging problems in the market is the fraudulent activities. Several platforms have been found to be scams after collapse, owing millions to the investors. However, changes in the P2P lending regulations is boosting the global market demand. As the market has shown significant growth and diversification, new rules are being implemented to help shape the market. Moreover, rising demand for short term loans is presumed to boost the market in the future.
The report provides both, qualitative and quantitative research of P2P lending market, as well as provides comprehensive insights and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings, specification, pricing, and gross margin.
Some of the players operating in the P2P lending market are Avant LLC, Bondora Capital OU, Circlebacklending.Net, CommonBond, Inc., Faircent, Funding Circle, i2ifunding.com, Kabbage Inc., LendingClub Corporation, OnDeck, Peerform, Prosper Funding LLC, RateSetter, Social Finance, Transactree Technologies Pvt Ltd., Upstart Network, Inc., Zopa Financial Services Limited amongst others.
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P2P Lending Market:
- By Deployment Type
- Cloud based
- On-Premise
- By Type of Loan
- Personal Loans
- Auto Loans
- Business Loans
- Student Loans
- Others
- By Business Model
- Traditional P2P Model
- Alternate Marketplace P2P Model
- By End User Industry
- Individuals
- Small Business
- By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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