Global Peer to Peer Lending Market to Reach $ 460,312 Million,Globally, by 2022 With Key Players LendingClub Corporation (U.S.), Funding Circle Limited (London), Prosper Marketplace, Inc. (U.S.), Circleback Lending, Inc. (U.S.)

Peer to Peer (P2P) Lending Market is projected to grow at a CAGR of 51.5% from 2016 to 2022, to reach $460,312 million by 2022. Peer to peer (P2P) lending is also referred as marketplace lending. The P2P lending industry is among the fastest growing segment in the financial lending market. It is an alternate way of lending money virtually. The core functioning of marketplace lending platforms is connecting consumers/borrowers with investors/lenders, majorly through online medium. The p2p lending market is driven by growth in emerging markets owing to increase in knowledge of marketplace lending, greater investment transparency, and lower interest rates to consumers.

With advancement in technology, globalization and other international developments on alternative marketplace lending and emerging micro lending trends in poor countries continue to reduce the number, size and role of business intermediates.

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Alternative marketplace lending or P2P lending market, which is also referred to as social lending, person-to-person lending, microfinance and microloans, is a non-traditional form of lending money. Alternative marketplace lending is in contrast with the traditional lending method, where the bank or other financial institution offer loans to individuals or small and medium businesses.

Increase in awareness about the benefits of peer to peer lending market, greater money transparency, higher returns to investors, lower interest rates for borrowers, rise in small business loans, consumer credit loans and increasing Chinese P2P lending market share are the major factors that drive the market growth. Global players such as LendingClub Limited, Prosper. Inc., and Zopa have come up with user friendly online lending platforms to cater to customers and expand their market share. Additionally, these players have kept their lending interest rates lower than traditional banks and offer better return to investors.

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Small business loan segment, under end-user type, accounted for 32% of the overall peer to peer lending market in 2015, followed by student loans. Additionally, consumer credit loans segment has high growth potential, and is anticipated to grow at a CAGR of 52.6% during the forecast period. Growth in small scale business in developing economies, lower market risks and loan availability for small debt payoffs, thus driving the growth of the small business loan segment across the world.

North America generated the highest revenue in 2015, and is projected to dominate the market throughout the analysis period. However, Asia-Pacific is expected to witness the fastest growth rate, owing to emerging economies such as China.

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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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