The Market research collection of Report Ocean has recently included the “Peer to Peer Lending Market ” Size, Scope, and Forecast 2023-2031 report. This report, prepared by industry experts and researchers, offers a comprehensive analysis of the market, covering crucial aspects such as growth factors, challenges, restraints, developments, and growth opportunities. It provides an authoritative and concise assessment of the market dynamics, highlighting emerging trends in the industry. Furthermore, the report presents a futuristic outlook, shedding light on factors expected to drive the growth of the global “Peer to Peer Lending Market ” industry in the years to come.
According to a recent report published by Report Ocean, titled, “Peer to Peer Lending Market By Business Model, Type, and End User: Opportunity Analysis and Industry Forecast, 2020-2027”, the global peer to peer (P2P) lending market was valued at $67.93 billion in 2019, and is projected to reach $558.91 billion by 2027, growing at a CAGR of 29.7% from 2020 to 2027.
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Peer to peer (P2P) lending, also referred to as market place lending, is a method of online debt financing, which allows creditors to lend varying sums of money to small business and individual borrowers. P2P lending transactions are not only economical for borrowers but also a profitable investment opportunity for retail lenders. Moreover, it allows individuals to give loans to other individuals or participate in pools of loans, thus limiting the market risk. Although P2P companies do not lend their own funds, they act as mediators to both borrower and lender.
Furthermore, low operating cost and minimal market risk for lenders and borrowers are the major factors driving the growth of the market. In addition, digitization in the banking sectors, which adds to the transparency over traditional banking system fuels the growth of the market.
However, risk of losing all money coupled with implementation of stringent government regulations for loan processing and low awareness of P2P lending benefits among population hamper the growth of the market. On the contrary, development of the Chinese market, which has led to increase in number of lenders and borrowers across the country, and rise number of small business lending entities are expected to provide remunerative opportunities for the expansion of the global peer to peer lending market growth during the forecast period.
By business model, the global peer to peer lending market was led by the traditional lending segment in 2019, and is projected to maintain this trend in the near future. This is attributed to rise in adoption of traditional P2P lending in developing nations and lack of availability of modern technologies. However, the market place lending model is gradually being adopted across the globe, and is anticipated to surpass the traditional model in the next few years. Thus, providing a lucrative opportunity for the peer to peer lending market trends.
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The global peer to peer lending market industry was dominated by China in 2019, attributable to increase in trend of online market place lending in China and rise in greater knowledge among the investors and borrowers in alternate funding process. However, India is expected to witness the highest growth rate during the forecast period, due to rise in penetration of digital lending supported by increase in number of start-ups and several government initiatives to increase the P2P lending firms across the country.
Key Findings of the Study:
On the basis of business model, the traditional lending segment led the peer to peer lending market size, in terms of revenue in 2019.
By type, the business model segment garnered the highest peer to peer lending market share in 2019.
In Europe, UK generated the highest revenue in 2019.
Depending on end user, the small business loan segment is anticipated to exhibit substantial growth during the forecast period.
The key players operating in the peer to peer lending market analysis are
- Avant Inc.
- Funding Circle Limited
- Kabbage Inc.
- Lending Club Corporation
- LendingTree, LLC
- On Deck Capital, Inc.
- Prosper Marketplace Inc.
- RateSetter
- Social Finance Inc.
- Zopa Limited.
Market Key Highlights:
Market Size and Growth:
- The report highlights the current market size in terms of value or volume and provides information on the historical growth rate as well as the projected growth rate for the future.
Market Trends and Drivers: –
- The report outlines the major trends observed in the market, such as technological advancements, changing consumer preferences, or regulatory developments.
- It also highlights the key drivers influencing market growth.
Competitive Landscape:
- The report provides an overview of the major players in the market and their market shares.
- It may highlight key strategies employed by these players and their competitive positioning.
Consumer Insights:
- The report offers insights into consumer preferences, behaviors, and buying patterns within the market.
- It may include information on target demographics, purchasing motivations, and emerging consumer trends.
Opportunities and Challenges:
- The report identifies the key opportunities for market growth and expansion. It also highlights the main challenges or barriers faced by market participants, such as regulatory hurdles or competitive pressures.
Market Segmentation:
- The report presents the market segmentation and highlights the characteristics and performance of different market segments.
- It may provide insights into the size, growth, and market share of each segment.
Regional Analysis:
- If applicable, the report may include a regional analysis, highlighting geographic variations in the market.
- It may identify regional growth drivers, market characteristics, and potential opportunities.
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Table of Content
- Introduction
- Study Assumptions
- Scope of the Study
- Research Methodology
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Industry Attractiveness – Porter’s Five Forces Analysis
- Market Segmentation
- Competitive Landscape
- Vendor Market Share
- Company Profiles
- Market Opportunities and Future Trends
- Industrial Chain, Downstream Buyers, and Sourcing Strategy
- Marketing Strategy Analysis
………Continued…!
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