Ease to perform online transactions through mobile devices, low operating cost and minimal market risk and lower interests to borrowers to drive 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.
Global peer to peer lending market can be segmented based on 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 the social lending or person to person lending or microloans in a non-traditional way. 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 user, the market can be segmented into consumer credit, small business, student loans and real estate. Consumer credit end user segment accounted for the highest market share in 2018. However, 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, India, among others. Moreover, lower market risks and availability of loans for small debt payoffs are further contributing to the increasing demand for small business segment.
Browse 20 market data Tables and 99 Figures spread through 110 Pages and an in-depth TOC on “Global Peer to Peer Lending Market”
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LendingTree, Inc, Lendingclub Corporation, onDeck Capital, Inc., Funding Circle Limited, Prosper Marketplace, Inc., Zopa, Kiva, CommonBond Inc., Upstart Network Inc., CircleBack Lending, Inc., are some of the leading players operating in 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 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 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 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 global peer to peer lending market.
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