Ease to perform online transactions through mobile devices, low operating cost, minimal market risk, and lower interest to borrowers to drive the global peer to peer lending (P2P) market through 2026. According to TechSci Research report, “Global Peer to Peer Lending (P2P) Market By Business Model, By End User, By Region, Competition, Forecast & Opportunities, 2026”, the global peer to peer lending market is expected to grow at a CAGR of over 19% owing to the increasing trend of peer to peer lending in the financial lending market. Lending platforms directly allow connecting borrowers with lenders which imparts greater investment transparency, thereby driving growth in the market.
Browse 20 market data Tables and 99 Figures spread through 110 Pages and an in-depth TOC on “Global Peer to Peer Lending Market“.
The global peer to peer lending market can be segmented based on the business model, end user, and region. In terms of business model, the market can be bifurcated into traditional P2P model and marketplace lending model. Peer to peer lending model or alternate marketplace lending refers to social lending or person-to-person lending or microloans in a non-traditional way. The marketplace lending model is anticipated to witness significant adoption in the coming years, as it offers money at lower interest states. In terms of end users, the market can be segmented into consumer credit, small business, student loans, and real estate.
The consumer credit end-user segment accounted for the highest market share in 2018. However, the small business segment is poised to grow at an impressive rate during the forecast period owing to the growth in small-scale business in developing economies such as Japan, and India, among others. Moreover, lower market risks and the availability of loans for small debt payoffs are further contributing to the increasing demand for the small business segment.
Download Free Sample Report
Customers can also request 10% free customization on this report.
The Major competitors of Peer to Peer Lending Market
- LendingTree, Inc
- Lendingclub Corporation
- OnDeck Capital, Inc.
- Funding Circle Limited
- Prosper Marketplace, Inc.
- Zopa, Kiva
- CommonBond Inc.
- Upstart Network Inc.
- CircleBack Lending, Inc., is some of the leading players operating in the global peer to peer lending market. Companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their market share.
“North America dominated the global peer to peer lending market in 2018 and the trend is likely to continue during the forecast period as well on account of increasing dependency on online platforms and reduced interest rates in conventional banking. However, Asia-Pacific is anticipated to witness the fastest growth owing to the rising number of start-ups and businesses across the region, which are looking for funding for their projects,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Peer to Peer Lending Market By Business Model, By End User, By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of the global peer to peer lending market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and trends in the global peer to peer lending market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high-growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 full-time Analysts and Consultants employing innovative research solutions and tracking global and country-specific high-growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com
