Global Peer to Peer Lending Market By Business Model (Traditional P2P Model & Marketplace Lending Model), By End User (Consumer Credit; Small Business; Student Loans & Real Estate), By Region (North America, Europe & Others), Competition, Forecast & Opportunities, 2024
Global peer to peer lending market is valued at around $ 15 billion in 2018 and the market is poised to grow at CAGR of over 19% to surpass $ 44 billion by 2024 due to increasing number of borrowers over the past few years.Peer to peer lending market allows borrowers to directly interact with the lender with the P2P lending platform.
Use of such platforms helps to reduce costs by excluding operational expenses such as cost of staffing and maintenance, physical branches, among others, which is promoting the growth of the market.Moreover, advancements in the technology and low cost associated with operations is further driving the global peer to peer lending market.
Nowadays, increasing student population is preferring loans at cheaper interest rate which is anticipated to promote the growth of peer to peer lending market until 2024. Additionally, increasing awareness pertaining to clearing personal debt as soon as possible is another reason for increased acceptance of peer to peer lending market, globally.
Global peer to peer Lending market can be segmented based on business model and end user.On the basis of end user, the market can be segmented into consumer credit, small business, student loans and real estate.
Of all, consumer credit dominates the market; however, small business segment is anticipated to grow at the fastest CAGR during forecast period.Financial institutions are limiting providing loans to small enterprises or business as they would not be able to repay.
Peer to peer lending or P2P market fills this void by offering loans to small business at lower interest rate quickly and efficiently.
Regionally, the market for peer to peer lending is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe, South America and Middle East & Africa.North America is the largest market of the peer to peer lending market due to increasing dependency on the online platform in the region.
However, Asia-Pacific peer to peer lending market is anticipated to grow at a rapid pace in the forthcoming years on account of presence of massive student population in developing economies such as Japan and India and increasing number of start-ups and businesses looking for funding for their projects.
The major players operating in the peer to peer lending market include LendingTree, Inc, Lendingclub Corporation, onDeck Capital, Inc., Funding Circle Limited, Prosper Marketplace, Inc., Zopa, Kiva, CommonBond Inc., Upstart Network Inc., CircleBack Lending, Inc. etc. Major companies are developing advanced technologies and decreasing their interest rate in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and online marketing.
• To analyze and forecast the market size of global peer to peer lending market. • To classify and forecast global peer to peer lending market based on business model, end user and regional distribution. • To identify drivers and challenges for global peer to peer lending market. • To examine competitive developments such as expansions, marketing strategies, mergers & acquisitions, etc., in global peer to peer lending market. • To identify and analyze the profile of leading players operating in the global peer to peer lending market.
Some of the leading players in the global peer to peer lending market include LendingTree, Inc, Lendingclub Corporation, onDeck Capital, Inc., Funding Circle Limited, Prosper Marketplace, Inc., Zopa, Kiva, CommonBond Inc., Upstart Network Inc., CircleBack Lending, Inc. etc.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of loan providers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the lending service providers which could not be identified due to the limitations of secondary research. The analyst examined the lending service offerings, distribution channels and presence of all major lending service providers across the globe. The analyst calculated the market size of global peer to peer lending market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• P2P lending companies • Research organizations and consulting companies • Government bodies such as regulating authorities and policy makers • Organizations, forums and alliances related to peer to peer lending market The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as lending service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global peer to peer lending market has been segmented into following categories, in addition to the industry trends which have also been detailed below: • Market, By Business Model: o Traditional P2P Model o Marketplace Lending Model • Market, By End User: o Consumer Credit o Small Business o Student Loans o Real Estate • Market, By Region: o North America United States Mexico Canada o Europe United Kingdom Germany France Italy Spain o Asia Pacific China Australia Japan South Korea India o South America Brazil Argentina Colombia o Middle East & Africa UAE South Africa Saudi Arabia Egypt
Company Profiles: Detailed analysis of the major companies present in global peer to peer lending market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Our reports have been used by over 10K customers, including:
UK Savings 2019: Review, Forecasts, and Future Opportunities Summary The UK savings market has been characterized by a mixture of factors during 2019.Lower GDP and higher real wage growth have created a willingness and ability to save. Similarly, uncertainty over Brexit has led to a flight...
Belgium Wealth Management: Market Sizing and Opportunities to 2022 Summary Based on our proprietary datasets, this report analyzes Belgium’s wealth and retail savings and investments markets, with a focus on the high net worth (HNW) segment. This includes the overall affluent market size (both by...
The global POS terminal market is expected to grow at a CAGR of over 8% during the period 2019–2025. The following factors are likely to contribute to the growth of the POS terminal market during the forecast period: •Increase in Digital Payments •Penetration of EMV-compliant POS Terminals •Introduction of Cloud-based POS Systems •High...
11 pages •
By Euromonitor International
• Oct 2019
Consumer lending continued to record a positive performance in 2019 in current value terms, as an optimistic economic outlook, a moderate increase in goods and services, a high consumer confidence index with rising disposable incomes and low unemployment have translated into a positive environment for borrowing in Denmark. Mortgages/housing...
The Global Digital Lending Platform Market size is expected to reach $11.6 billion by 2025, rising at a market growth of 20.3% CAGR during the forecast period. Digital lending platforms are commonly used through an online platform to handle the borrowing process. The digital lending process starts with online loan application with user registration,...
Market Overview The global service robotics market is valued at USD 11.48 billion in 2018 and is expected to reach USD 50.90 billion by 2024, at a CAGR of 25.34% over the forecast period of 2019-2024. - Service robots, considered in this segment, include personal service robots for domestic, research, and entertainment...
Report Scope: The report focuses on the following categories of fintech products and services, their developers/providers and users - - Consumer banking - Lending and financing - Payments - Financial planning, investments and wealth management - Insurance - Regulation - Data analytics Report...
Competitor Profile: WePay Summary WePay is a US-based online payment service provider that enables e-commerce platforms, marketplaces, and crowdfunding platforms to accept payments for products and services offered through their websites and mobile apps. Founded in the US in 2008, it expanded...
Competitor Profile: PayPal Summary PayPal is one of the largest global payment service providers.It enables digital payments and offers acceptance solutions for consumers and merchants. The company specializes in online payments, mobile and e-commerce, fund transfers, and payment processing....
Retail Savings & Investments in Italy Summary Retail Savings & Investments in Italy industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.