2021-26 Peer-to-Peer (P2P) Lending Market, Industry Share, Size, Growth, Trends and Forecast Report

“Global Peer-to-Peer Lending (P2P) Market”

Peer-to-Peer (P2P) Lending Market Analysis by Major Key Players – 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.

According to the latest IMARC group report, entitled “Peer-to-Peer Lending Market (P2P): Global Industry Trends, Size, Growth, Opportunities and Forecast 2021-2026 ”, the Global peer to peer (P2P) lending market experienced strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 31% during the period 2021-2026

Report metric:

History: 2015-2020

Baseline year: 2020

Forecast year: 2021-2026

Peer to peer (P2P) lending is the process of granting a loan to an individual or business without the intervention of a bank or financial institution. It lends money through online services that connect borrowers directly with lenders or investors, who lend money to qualified applicants. P2P loan aims to increase returns for lenders and lower interest rate for borrowers. It offers cost effective services to borrowers compared to traditional financial institutes while helping to obtain fast and convenient loans at competitive interest rates and low fees. In P2P loans, the individual website sets the rates and conditions, which enables the transaction. Therefore, the system promotes fast, paperless, high yield and flexible ways of borrowing and lending money.

Like the new coronavirus (COVID-19[FEMALE)[FEMININE) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest trends and market forecasts are made after taking into account the impact of this pandemic.

Global Peer-to-Peer (P2P) Lending Market Trends:

The market is mainly driven by the increasing digitization of the banking sector. In addition to this, emerging small and medium-sized enterprises (SMEs), especially in developing countries, are also facilitating the growth of the market. These organizations need an alternative funding option that offers minimal billing fees and convenient reimbursement options. In addition to this, P2P lending platforms also remove the costs of establishing physical branches, maintenance and staff, thus increasing their demand in all organizations. In addition, governments of various countries are undertaking initiatives to support P2P lending by offering specific frameworks. In addition, the introduction of blockchain technology and smart contracts, which offer transparent and reliable lending and borrowing facilities and protect customer privacy, are also major growth factors.

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Global Peer to Peer (P2P) Loan Market Analysis and Segmentation 2021-2026:

Competitive landscape:

The competitive landscape of the market has been studied in the report along with the detailed profiles of the major 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 of region, type, technology, and application.

The report has segmented the market on the basis of region, loan type, business model, and end user.

Breakdown by type of loan:

  • Ready for consumption
  • Business loans

Breakdown by economic model:

  • Market loans
  • Traditional loan

Breakdown by end user:

  • Consumer (individual / household)
  • Small enterprises
  • Large companies
  • Real estate
  • Others

Breakdown by region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/peer-to-peer-lending-market

If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel etc. Click on request a free sample report, the published report will be emailed to you in PDF format within 24 to 48 hours of receipt of payment in full.

Highlights of the report:

  • Market performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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