The latest research study, “Peer to Peer (P2P) Lending Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The global peer to peer (P2P) lending market reached a value of US$ 112.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 525.3 Billion by 2027, exhibiting a CAGR of 28.1% during 2022-2027.
Base Year: 2022
Forecast Year: 2022-2027
Peer-to-peer (P2P) lending is an online financial transaction between individuals and businesses that does not involve banks or financial institutions. It is a readily available source of capital that allows people to take out loans with cheap interest rates and flexible periods. It helps you get quick and easy loans with minimal paperwork and no negative influence on your credit score.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Peer to Peer (P2P) Lending Market Trends:
Physical branches, maintenance, and employees are all eliminated with P2P lending systems, resulting in reduced financial risk for both lenders and borrowers. This, combined with the growing number of small and medium-sized businesses (SMEs), is one of the most important factors driving industry growth. Furthermore, technical innovations such as the introduction of smart contracts and blockchain, which provide dependable and transparent borrowing and lending services, are having a beneficial impact on the market. Furthermore, the industry is growing due to a growing desire for online loans in order to avoid lengthy financing processes.
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Global Peer to Peer (P2P) Lending Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Avant Inc., Commonbond Inc., Funding Circle Ltd., LendingClub Corporation, Lendingtree Inc. (InterActiveCorp and Tree.com Inc.), On Deck Capital Inc., Prosper Marketplace Inc., Retail Money Market Ltd., Social Finance Inc., Upstart Network Inc. and Zopa Limited.The report has segmented the market on the basis on region, type, technology and application.
The report has segmented the market on the basis on region, loan type, business model and end-user.
Breakup by Loan Type:
- Consumer Lending
- Business Lending
Breakup by Business Model:
- Marketplace Lending
- Traditional Lending
Breakup by End User:
- Consumer (Individual/Households)
- Small Businesses
- Large Businesses
- Real Estate
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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