Peer To Peer (P2P) Lending Market Size Is Projected To Reach USD 558.91 Billion By 2027 - Valuates Reports

The global peer to peer (P2P) lending market size was valued at $67.93 billion in 2019, and is projected to reach $558.91 billion by 2027, growing at a CAGR of 29.7% from 2020 to 2027.

Peer to peer lending deals with the practice of lending loans to an individual from another individual without the involvement of a bank or financial institution. The key objective of P2P lending is to boost the returns for the lenders and to reduce the rate of interest for the borrowers. In addition, it aids in providing quick and convenient loans, as P2P lending is entirely an online platform.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-3B23/peer-to-peer-lending

Lesser operating cost and lower market risk for the lenders and the borrowers are the major factors that drive the growth of the global peer to peer lending market. In addition, adoption of digitization in the banking sector adds to the transparency over traditional banking systems, which is expected to fuel the growth of the market.
However, risk of losing money and implementation of stringent government restraints regulation for loan processing, and low awareness of P2P lending benefits among the population hampers the growth of the market. On the contrary, development of the Asia-Pacific market, which has led to an increase in large number of lenders and borrowers across the country, and rise in the number of small business lending entities are expected to provide lucrative opportunities for the peer to peer lending market growth.
The small business loan segment is expected to garner a significant share during the forecast period. This is attributed to the rise in the number of small businesses in developing countries such as India and Singapore. However, the consumer credit loan segment is expected to grow at the highest rate during the forecast period, owing to rapid adoption of consumer credit loans among individuals and enterprises to provide financial flexibility. Thus, providing a lucrative opportunity for the peer to peer lending market trends.
The report focuses on the growth prospects, restraints, and trends of the peer to peer lending market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the peer to peer lending market share.

Peer to Peer Lending Market Key Segments:
By Business Model
Alternate Marketplace Lending
Traditional Lending
By Type
Consumer Lending
Business Lending
By End User
Consumer Credit Loans
Small Business Loans
Student Loans
Real Estate Loans

By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Netherlands
Spain
Italy
Rest of Europe
Asia-Pacific
Australia
India
Japan
South Korea
Singapore
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players:
Avant Inc.
Funding Circle Limited
Kabbage Inc.
Lending Club Corporation
LendingTree, LLC
On Deck Capital, Inc.
Prosper Marketplace Inc.
RateSetter
Social Finance Inc.
Zopa Limited

Similar Reports:
Lending Software Market -
https://reports.valuates.com/market-reports/QYRE-Auto-34A1719/global-lending-software

Digitization in Lending Market -
https://reports.valuates.com/market-reports/QYRE-Auto-20D1683/global-digitization-in-lending

Alternative Lending Market - https://reports.valuates.com/market-reports/QYRE-Othe-1W298/alternative-lending

Online Lending Market -
https://reports.valuates.com/market-reports/QYRE-Auto-2N2597/global-online-lending

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