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Global Peer-to-Peer Lending Market Projected to Touch Reach US$897.85 bn by 2024

05-25-2018 09:44 AM CET | Industry, Real Estate & Construction

Press release from: MRRSE.com

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MRRSE

Market Research Reports Search Engine (MRRSE) has been acting as an impressive data source when it comes to evaluating various industrial verticals. The research report titled “Peer-to-Peer Lending Market” offers a clear insight about the Peer-to-Peer lending assessed over the global platform. This analysis proves beneficial for readers & new investors who are aiming to enter the market for Peer-to-Peer lending in the near future.

Request Sample Report for more Professional and Technical insights @ https://www.mrrse.com/sample/1741

The key trend likely to be adopted by leading players in the global peer-to-peer (P2P) lending market is to build strategic alliances to expand its small business loan divisions. For instance, Prosper Marketplace, Inc. joined hands with OnDeck and bought American Healthcare to improve its product portfolio. Similarly, LendingClub Corporation is also targeting startups by collaborating with trustworthy investors in the market.

Improved Interfaces Making Borrowing and Lending Simpler

Simplification of modes used for peer-to-peer lending such as improved online interfaces has augmented the peer-to-peer lending market in the recent years. analyst says, “With technological advancements, borrowers can log on to seek funding and get instant updates such as completion of the process or the funds received in the bank account.”

This market is also being driven by the increasing number of student population seeking simpler methods of obtaining student loans. The prediction software calculates the loan amount and ability to repay by considering a few factors, thereby making the lending and borrowing process much easier.

India and China Remain at Forefront of Overall Market

The huge population base of China and India is offering incredible growth opportunities for the global P2P lending market. “In 2014, out of the 400 million borrowers in India only one in every seven borrowers acquired a formal loan.” Considering this surprising statistic, it is evident that P2P will bridge the gap between inaccessibility to modes of credit and eagerness of P2P lending companies to grow.

Furthermore, the emergence of small and medium businesses in these developing economies is anticipated to seek loans, which will also set the ball in motion for the rise of P2P lending market in Asia Pacific.

Shift Towards Traditional Saving Methods Poses Risk

The possibility of borrowers turning to banks and other formal lenders is a perpetual risk to the P2P lending market. The battle to win bigger market share in the overall economy has forced several banks and traditional lenders to improve their interest rates. Thus, schemes promising high interest rates on savings could dampen the future of P2P lending market. The global P2P lending market will also be hampered by the direct risk investors face in case if there are defaults on the repayment of the loan.

Complete Report TOC with List of Tables and Figures @ https://www.mrrse.com/enquiry/1741

Opportunity in the global peer-to-peer market will be worth US$897.85 bn by 2024 from US$26.16 bn in 2015. The market is anticipated to rise at a whopping CAGR of 48.2% between 2016 and 2024. The biggest contributor to this growth will be small business end user segment that was likely to pace ahead at an impressive CAGR of 48.8% during the forecast period, very much retaining its leading stance.

This review is based on the findings of the TMR report, titled “Peer-to-Peer Lending Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

The global peer-to-peer lending market is segmented as follows.

Global Peer-to-Peer Lending Market Analysis, By End-User, 2014 – 2024 (US$ Bn)

Consumer Credit
Small Business
Student Loans
Real Estate

Global Peer-to-Peer Lending Market Analysis, By Business Model, 2014 – 2024 (US$ Bn)

Traditional P2P Model
Marketplace Lending Model

In addition, the report provides cross-sectional analysis of the peer-to-peer lending market with respect to the following geographical segments along with select country market estimates:

North America
The U.S.
Rest of North America
Europe
The U.K.
France
Germany
Rest of Europe
Asia Pacific
China
Australia
Rest of Asia Pacific
Rest of the World
Middle East and Africa (MEA)
Latin America

To Know More Send an Enquiry @ https://www.mrrse.com/enquiry/1741

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