Overview and Scope
Peer-to-peer lending (P2P) refers to a method of lending money directly to individuals or businesses without the use of an official financial institution as a middleman. P2P lending is typically done through internet platforms that connect potential borrowers with lenders. The peer-to-peer (P2P) lending is used to connect investors wanting higher returns on their investments with verified borrowers seeking unsecured personal loans.
Sizing and Forecast
The peer-to-peer (p2p) lending market size has grown exponentially in recent years. It will grow from $143.54 billion in 2023 to $190.22 billion in 2024 at a compound annual growth rate (CAGR) of 32.5%. The growth in the historic period can be attributed to market disruption, regulatory changes, investor appetite, global economic conditions.
The peer-to-peer (p2p) lending market size is expected to see exponential growth in the next few years. It will grow to $559.73 billion in 2028 at a compound annual growth rate (CAGR) of 31.0%. The growth in the forecast period can be attributed to maturing regulatory environment, risk management innovations. Major trends in the forecast period include diversification of offerings, partnerships with traditional institutions, global expansion, technology advancements.
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Segmentation & Regional Insights
The peer-to-peer (p2p) lending market covered in this report is segmented –
1) By Loan Type: Consumer Credit Loans, Small Business Loans, Student Loans, Real Estate Loans
2) By Business Model: Traditional Lending, Alternate Marketplace Lending
3) By End User: Business, Personal
North America was the largest region in the peer to peer (P2P) lending market in 2023. Aisa-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peer-to-peer (p2p) lending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing digitization in the banking industry is expected to propel the growth of the peer to peer (P2P) lending market going forward. Digital innovation in the banking industry is transforming financial services such as mobile money, peer-to-peer (P2P), or marketplace lending. For instance, in January 2022, according to a report shared by European Banking Supervision, a regulatory body established to maintain financial stability throughout the European Union’s (EU) banking industry, the number of digital users has climbed by 23% since the beginning of the pandemic. Therefore, the increasing digitization in the banking industry is driving the growth of the peer to peer (P2P) lending market.
Key Industry Players
Major companies operating in the peer-to-peer (p2p) lending market report are Avant LLC., Funding Circle, Kabbage Inc., Lending Club Corporation, LendingTree LLC, OnDeck Capital Inc., Prosper Funding LLC, CircleBack Lending Inc., Social Finance Inc., Zopa Bank Limited, Upstart Network Inc., Commonbond Inc., Retail Money Market Ltd., Peerform, RateSetter, Max Crowdfund B. V., PYT FUNDS Inc., Rendity GmbH, ThinCats Limited, MoneyThing Capital Limited, ArchOver Limited, Landbay Partners Limited, Crowdstacker Holdings Ltd, Rebuilding Society. com Ltd., Assetz Capital Limited, Folk2Folk Limited, PeerStreet, ‘EstateGuru. Co., Grupeer Ltd., Mintos marketplace AS
The peer-to-peer (p2p) lending market report table of contents includes:
- Executive Summary
- Peer-to-Peer (P2P) Lending Market Characteristics
- Peer-to-Peer (P2P) Lending Market Trends And Strategies
- Peer-to-Peer (P2P) Lending Market – Macro Economic Scenario
- Global Peer-to-Peer (P2P) Lending Market Size and Growth
- Peer-to-Peer (P2P) Lending Market Segmentation
- Peer-to-Peer (P2P) Lending Market Regional And Country Analysis
…………
- Key Mergers And Acquisitions In The Peer-to-Peer (P2P) Lending Market
- Peer-to-Peer (P2P) Lending Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Peer-to-Peer (P2P) Lending Market, Segmentation By Loan Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Peer-to-Peer (P2P) Lending Market, Segmentation By Business Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Peer-to-Peer (P2P) Lending Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………
Table 74: Avant LLC. Financial Performance
Table 75: Funding Circle Financial Performance
Table 76: Kabbage Inc. Financial Performance
Table 77: Lending Club Corporation Financial Performance
Table 78: LendingTree LLC Financial Performance
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