R2R prophesies the global P2P lending market to expand at a +48% CAGR during the completion of the forecast 2018-2023

P2P Lending Market research report 2018 examines the market dynamics, competitive landscape and discusses major trends. The report offers the most up-to-date industry data on the actual and potential market situation, segmentation, regional breakdowns and future outlook. The P2P Lending market research includes historic data from 2013-2018 and forecasts up to 2023.

A peer-to-peer (p2p) loan is a way to lend money to an individual or business through an online service that connects the lender and the lender. Debt procurement where individuals can borrow or borrow money without using a broker. A peer-to-peer loan removes the intermediary from the process, but has more time, effort, and risk than a typical brick mortar scenario. Changes in the economy, technology, and consumers / investors have increased the legitimacy of P2P networks and marketplaces over the last few years. Starting with the global financial crisis in 2008 and the subsequent regional financial crisis, global banks will reduce cross-border credit especially to SMEs and credit consumers.

Key players profiled in this report include LendingClub Corporation (U.S.), Funding Circle Limited (London), Prosper Marketplace, Inc. (U.S.), Circleback Lending, Inc. (U.S.), Social Finance, Inc. (U.S.), Zopa Limited (London), Avant, Inc. (U.S.), onDeck Capital, Inc.(U.S.), RateSetter (London), Kabbage (U.S.).

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Market Size & Growth Projections
The market for alternative finance has gained popularity in recent years. Research2Reports suggests that the opportunity in the global p2p market will be worth $897 billion by the year 2025, from $26 bn in 2016. The market is anticipated to rise at a whopping Compound Annual Growth Rate (CAGR) of +48% between 2016 and 2024, while Market Research estimates the global P2P lending market to grow at a CAGR of + 53% during the five-year period between 2018 and 2023.

The Future Of P2P Lending
While P2P platforms continue to face the risks of defaults, fraudulent practices, or borrower’s turning to banks, the growth prospects of this segment remain strong. A well-regulated and transparent p2p platform offers great opportunities as an alternative investment for loan providers, as well as for borrowers. Therefore, the future of P2P lending will be determined by factors such as the rise in interest rates, competition from banks, and the consumer market size.

Key Findings of the Peer to Peer Lending Market
Increase in P2P lending awareness, better interest rates to borrowers and improved returns to lenders have accelerated the growth of the overall peer to peer lending industry.

North America is leading the peer to peer lending market, followed by Asia-Pacific.
Asia- Pacific would witness the highest CAGR of +48% mainly led by China, owing to emergence of a number of small scale peer to peer lending service providers.
Peer to peer lending platforms are most suitable for small scale business and consumer credit loans.
Alternate lending market which includes crowd funding, marketplace lending, hedge funding is to increase during the forecast period due to better services, importance of small scale loans, and greater transparency.

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