Published by Wanda Rich
Posted on September 3, 2021
Global Peer to Peer Lending (P2P) Market is valued at USD $34.16 Billion in 2018 and is expected to reach USD $589.05 Billion by 2025 with a CAGR of 50.2% over the forecast period.
Universal advancements in technologies that command the processes connected to money lending majorly driving the Global Peer Peer (P2P) Market.
Top Most Growing Companies: –
Some major key players for peer to peer lending market are Lending Club Corporation, Funding Circle Limited, Daric, RateSetter, Prosper Marketplace, Inc., Zopa Limited, Welendus, MarketInvoice and others.
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Scope of Peer to Peer Lending Market Report-
Peer-to-peer lending (P2P) is the process of lending money to individuals or businesses via online services that connect/contest lenders with borrowers. P2P offers their services more cheaply other than traditional financial institutes. Therefore, lenders can acquire higher returns as compared to investments and saving products given by banks and other institutions. This money lending process is also known as “crowd-lending”. Mostly peer to peer lending is an unsecured type of personal loan even though the largest amount is lent to businesses.
Another type which is a secured loan can sometimes be provided by using grandeur assets like jewelry vintage cars, buildings, fine arts, watches, or other business properties. Some of the forms of peer-to-peer lending are; student loans, commercial and real estate loans, payday loans, secured business loans, leasing, and factoring. P2P websites give shelter from market losses that occurred because of non-payments loans by conserving certain funds.
The P2P lending market is segmented on the basis of business model, end-users, application, and region & country level. Based upon the business model the P2P lending market is segmented into alternate marketplace lending and traditional lending. Based upon end-users, the P2P lending market is segmented into consumer credit loans, small business loans, student loans, real estate loans. Based upon application, the P2P lending market is segmented into individuals and businesses.
Peer to Peer lending Market Dynamics- Money lending markets have seen many substantial improvements in the last few decades. The money lending system has a high demand from small and medium businesses (SMEs) and consumer credits because of the strict credit policies of banks. This leads the customers to go on the P2P lending platforms which have comparatively faster credit acceptance
According to the statistics provided by the P2P Finance Association (P2PFA), net lending flow to SMEs on P2P lending platforms has witnessed remarkable increments compared to net lending by banks. Also, Blockchain-based P2P lending is a technology that eliminates midway in the process of P2P. Therefore, acceptance of blockchain technology in P2P lending will make the whole process clear and authentic for borrowers as well as for lenders.
It also provides high returns to the investors than the other investments. This money lending pattern has lower interest rates due to high competition amongst the lenders and the lower origination fees. Thus, all these factors are anticipated to drive the market growth over the forecast period.
However, due to the least availability of new technologies in the developing region the traditional P2P market still exists on a large scale with respect to the business model and riskless investments are not provided in P2P lending. Also, to get the best chance of funding, borrowers have to give their important and personal details to lenders for impressive plans and this is not healthy for borrowers but is a necessary part of this lending system. So these are the conditions that may hamper the market growth.
Moreover, the growing anticipation in the P2P lending market will remain constant due to the factors like rising interest rates, competition with banks, and customer market size. The lending is believed to advance the peak and will smoothen business operations and provide easy loan options for individuals and businesses. This can create significant revenue opportunities during the forecast period.
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Global Peer to Peer lending Market Segmentation:-
By Business Model:
By End-Users:
By Application:
Global Peer to Peer Lending Market Regional Analysis- The Peer to peer lending market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is expected to account for the largest market share in the global P2P lending market owing to the increasing adoption of P2P platforms.
UK stands third after America and the Asia Pacific and is one of the most highly established markets of P2P in the world. Moreover, China has occupied the major share in the market in the Asia Pacific due to the vast shadow banking sector and unofficial estimates that are endorsing the market. It has a massive number of peer-to-peer lending platforms which counts around 2000 in numbers globally.
China and US are the competitors of each other while Canada will be running high in growth in the upcoming years because of the advancements in SMEs and growing the startup businesses.
This comprehensive report will provide:
Know More Insights Details: – https://brandessenceresearch.biz/ICT-and-Media/Peer-to-Peer-(P2P)-Lending-Market-Share/Summary
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia or Oceania [Australia and New Zealand].
Kindly contact us and our expert Team:
Corporate Sales: +44-20380741
Email: sales@brandessenceresearch.com
Web: https://brandessenceresearch.com
Related Links:
The Global Medical Imaging Market in terms of revenue was worth ofUSD 26.52 Billionin 2020and is expected to reachUSD 35.78 Billionin 2027, growing at aCAGR of 3.99%from 2021 to 2027.
Digital Lending Platform Market is valued at USD 7493.3 Million in 2020 and Projected to reach USD 20671.8 Million by 2027 with the CAGR of 15.6% over the forecast period.
Global Peer to Peer Lending (P2P) Market is valued at USD $34.16 Billion in 2018 and is expected to reach USD $589.05 Billion by 2025 with a CAGR of 50.2% over the forecast period.
Universal advancements in technologies that command the processes connected to money lending majorly driving the Global Peer Peer (P2P) Market.
Top Most Growing Companies: –
Some major key players for peer to peer lending market are Lending Club Corporation, Funding Circle Limited, Daric, RateSetter, Prosper Marketplace, Inc., Zopa Limited, Welendus, MarketInvoice and others.
If You Want to Premium Sample Copy Clicks on the Link and Fill in Your Details: https://brandessenceresearch.biz/Request/Sample?ResearchPostId=72748&RequestType=Sample&utm_source=BSN&utm_medium=AR
Scope of Peer to Peer Lending Market Report-
Peer-to-peer lending (P2P) is the process of lending money to individuals or businesses via online services that connect/contest lenders with borrowers. P2P offers their services more cheaply other than traditional financial institutes. Therefore, lenders can acquire higher returns as compared to investments and saving products given by banks and other institutions. This money lending process is also known as “crowd-lending”. Mostly peer to peer lending is an unsecured type of personal loan even though the largest amount is lent to businesses.
Another type which is a secured loan can sometimes be provided by using grandeur assets like jewelry vintage cars, buildings, fine arts, watches, or other business properties. Some of the forms of peer-to-peer lending are; student loans, commercial and real estate loans, payday loans, secured business loans, leasing, and factoring. P2P websites give shelter from market losses that occurred because of non-payments loans by conserving certain funds.
The P2P lending market is segmented on the basis of business model, end-users, application, and region & country level. Based upon the business model the P2P lending market is segmented into alternate marketplace lending and traditional lending. Based upon end-users, the P2P lending market is segmented into consumer credit loans, small business loans, student loans, real estate loans. Based upon application, the P2P lending market is segmented into individuals and businesses.
Peer to Peer lending Market Dynamics- Money lending markets have seen many substantial improvements in the last few decades. The money lending system has a high demand from small and medium businesses (SMEs) and consumer credits because of the strict credit policies of banks. This leads the customers to go on the P2P lending platforms which have comparatively faster credit acceptance
According to the statistics provided by the P2P Finance Association (P2PFA), net lending flow to SMEs on P2P lending platforms has witnessed remarkable increments compared to net lending by banks. Also, Blockchain-based P2P lending is a technology that eliminates midway in the process of P2P. Therefore, acceptance of blockchain technology in P2P lending will make the whole process clear and authentic for borrowers as well as for lenders.
It also provides high returns to the investors than the other investments. This money lending pattern has lower interest rates due to high competition amongst the lenders and the lower origination fees. Thus, all these factors are anticipated to drive the market growth over the forecast period.
However, due to the least availability of new technologies in the developing region the traditional P2P market still exists on a large scale with respect to the business model and riskless investments are not provided in P2P lending. Also, to get the best chance of funding, borrowers have to give their important and personal details to lenders for impressive plans and this is not healthy for borrowers but is a necessary part of this lending system. So these are the conditions that may hamper the market growth.
Moreover, the growing anticipation in the P2P lending market will remain constant due to the factors like rising interest rates, competition with banks, and customer market size. The lending is believed to advance the peak and will smoothen business operations and provide easy loan options for individuals and businesses. This can create significant revenue opportunities during the forecast period.
Request for Methodology of this report: https://brandessenceresearch.biz/Request/Sample?ResearchPostId=72748&RequestType=Methodology&utm_source=BSN&utm_medium=AR
Global Peer to Peer lending Market Segmentation:-
By Business Model:
By End-Users:
By Application:
Global Peer to Peer Lending Market Regional Analysis- The Peer to peer lending market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is expected to account for the largest market share in the global P2P lending market owing to the increasing adoption of P2P platforms.
UK stands third after America and the Asia Pacific and is one of the most highly established markets of P2P in the world. Moreover, China has occupied the major share in the market in the Asia Pacific due to the vast shadow banking sector and unofficial estimates that are endorsing the market. It has a massive number of peer-to-peer lending platforms which counts around 2000 in numbers globally.
China and US are the competitors of each other while Canada will be running high in growth in the upcoming years because of the advancements in SMEs and growing the startup businesses.
This comprehensive report will provide:
Know More Insights Details: – https://brandessenceresearch.biz/ICT-and-Media/Peer-to-Peer-(P2P)-Lending-Market-Share/Summary
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia or Oceania [Australia and New Zealand].
Kindly contact us and our expert Team:
Corporate Sales: +44-20380741
Email: sales@brandessenceresearch.com
Web: https://brandessenceresearch.com
Related Links:
The Global Medical Imaging Market in terms of revenue was worth ofUSD 26.52 Billionin 2020and is expected to reachUSD 35.78 Billionin 2027, growing at aCAGR of 3.99%from 2021 to 2027.
Digital Lending Platform Market is valued at USD 7493.3 Million in 2020 and Projected to reach USD 20671.8 Million by 2027 with the CAGR of 15.6% over the forecast period.
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