India P2P Lending Market Size Forecast to Reach $10.5 Billion by 2026
Full Report Link @ https://www.industryarc.com/Report/19467/india-p2p-lending-market.html
India P2P Lending Market Segment Analysis - By Operation Pattern
Online P2P lending is anticipated to hold majority of share in the P2P lending market with 97% share in 2020. The digital operations for P2P lending platforms ensure that the overhead costs required for maintaining and staffing a physical establishment are circumvented. This benefit can be passed onto the borrower in the form of lower interest rates and processing charges. Additionally, the online lending platforms ensure relatively faster loan processing than the traditional loan platforms due to minimal paperwork involved. The growth in the fin-tech credit activity around the world gives an implication of the growth lending on e-platforms. According to the Cambridge Centre for Alternative Finance, the Fintech Credit globally has increased to $364 billion in 2019 compared to $11 billion in 2013.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=19467
Report Price: $ 4500 (Single User License)
India P2P Lending Market Segment Analysis - By Application
The real estate application is expected to witness the fastest growth at a CAGR of 25.7% during the forecast period 2021-2026. The real estate industry is looking at Peer to Peer lending as the best alternative to traditional financial institutions. Real estate projects often require large amounts of investment which makes it difficult for real estate developers to acquire loans from financial institutions. This is a major reason driving developers to opt for P2P social lending platforms. Additionally, restricting credit regulations in banks and other financial institutions is anticipated to benefit the growth of the market, as the demand from the SMEs and consumer credit front increases.
Download Sample Report @ https://www.industryarc.com/pdfdownload.php?id=19467
India P2P Lending Market Drivers
Demand from SMEs and consumer credits
P2P lending is seeing increased demand from small and medium businesses and consumer credits due to strict credit policies followed by banks. This is driving customers to turn to P2P social lending platforms that have relatively faster credit approvals. According to statistics from the Peer to Peer Finance Association (P2PFA), the net lending flow to small and medium enterprises on P2P platforms has seen significant growth compared to net lending by major high street banks. In Q4 2019, in India, net lending to SMEs was recorded at over $105m, while the high street banks lent around $80m.
Block chain based P2P Lending
Block chain technology eliminates intermediaries from Peer to Peer lending process. Hence, adoption of block chain in P2P lending will make the entire process transparent and reliable for both lenders and borrowers. The increased transparency is expected to help the declining market in China, which is severely dented by fraudulent activities, and weakened investor and borrower sentiments. Hong Kong-based Alchemy Coin is a block chain-based P2P lending market place that facilitates instant and direct lending between borrowers and lenders by leveraging block chain and smart contracts.
India P2P Lending Market Challenges
Competition from the big tech firms
P2P lending, along with the other forms of lending models is facing severe threat of disruption with the arrival of big technology firms in the lending sector. Players such as Amazon with large retail customer base have entered into the lending market place by partnering with various existent lenders. Similar to Amazon, Google and Facebook have also ventured into financial lending. Huge financial muscle coupled with technical expertise and firsthand experience of handling large customer bases give these multinational tech firms a great advantage in financial services market. In September 2018, Google has partnered with four Indian banks for availing digital loans. Such trends are anticipated to threaten the the P2P leading market, due to digitalization of traditional lending platforms.
India P2P Lending Market Landscape
Partnerships and acquisitions along with product developments and up gradation are the key strategies adopted by players in the P2P Lending Market. The major players in the P2P Lending Market include Faircent, RupeeCircle, i2iFunding, Lendbox, Paisa Dukan, OMLP2P, i-Lend, LenDenClub Cash Kumar and Kiva Micro funds among others.
In May 2020, Faircent.com to facilitate loans in COVID-19 low impact Green Zones to capitalize on the underserved market.
In January 2019, the U.S. based investment firm Matrix Partners invested over $1.7m into Liquiloans, a P2P lending platform based in India. The company plans to use the fundraising for establishing themselves as a brand and build credibility.
The India P2P Lending market is analyzed as fragmented as the relatively new market, RBI regulations and lack of significant investment as compared to global market limits the growth of players.
Online Peer to Peer lending holds majority of market share in the global P2P lending market, owing to advantages such as faster loan approvals and disbursals. Additionally, the operational costs involved in physical establishments is one of the reasons for P2P companies to operate in offline pattern. Regulations surrounding offline lending in India limit the market.
Related Reports :
A. P2P Lending Market
B. Digital Lending Platform Market
For more Information and Communications Technology Market reports @ https://www.industryarc.com/Domain/7/information-communication-technology-market-research.html
Phone: (+1) 970-236-3677
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India P2P Lending Market Size Forecast to Reach $10.5 Billion by 2026 here
News-ID: 2312149 • Views: 737
More Releases from IndustryARC
Professional Diagnostics Market Size to Grow at a CAGR of 6.3% During the Foreca …
Professional Diagnostics Market size in 2020 is estimated to be $45 billion, growing at a CAGR of 6.3% during the forecast period 2021-2026. Professional diagnostic is the diagnostic method which are used for faster detection of various diseases such as tuberculosis, cancer, malaria, and others. The main purpose of professional diagnostics is to diagnose or monitor disease in early condition so that treatment can be started so that this diagnostic
Body Dryer Market Size to Grow at a CAGR of 6.0% During the Forecast Period 2021 …
Body Dryer Market size was valued at $2,978 million in 2020 and is anticipated to reach $5,143 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The Body Dryer industry growth rate is attributed to the rising need to reduce medication errors and development of automated systems with improved features and is likely to new opportunities. Body dryers are type of air
Cloud Relational Database Market Forecast to Reach $18.8 Billion by 2026
Cloud Relational Database Market is forecast to reach $18.8 billion by 2026, after growing at a CAGR of 38.4% during 2021-2026. With rise in the adoption of IoT technologies and the usage of cloud database for computing in various organizations for different applications is analyzed to boost the Cloud Relational Database Market. Moreover, the cloud databases provide the customers with improved performance, service resilience and so on, thereby enhancing the
APAC Test and Measurement Equipment Market Size Forecast to Reach $7.3 Billion b …
The Apac Test and Measurement Equipment Market size is forecast to reach $7.3 billion by 2026 and is estimated to grow at a CAGR of 5.19% during the forecast period 2021-2026. The ongoing digital transformation in automotive industry and deployment of electric and hybrid electric vehicles is boosting the retrofitting of devices and equipment embedded with a wide range of test and measurement equipment such as electrical tester, digital multi-meters,
More Releases for P2P
Global and United States P2P Content Delivery Network (P2P CDN) Market Trends | …
The Global and United States P2P Content Delivery Network (P2P CDN) research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Global and United States P2P Content Delivery Network (P2P CDN) market based on accurate estimations. Furthermore, the report offers actionable insights into the
P2P Content Delivery Network (P2P CDN) Market Is Booming Worldwide | Alibaba Gro …
P2P Content Delivery Network (P2P CDN) Market: The extensive research on P2P Content Delivery Network (P2P CDN) Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on P2P Content Delivery Network (P2P CDN) Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research
P2P Content Delivery Network (P2P CDN) Market to see Booming Worldwide | Major G …
A Qualitative Research Study accomplished by HTF MI Titled on Global P2P Content Delivery Network (P2P CDN) Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 with detailed information of Product Types [Video & Non-video], Applications [Media and Entertainment, Gaming, Retail and eCommerce, Education, Healthcare & Others] & Key Players Such as Streamroot, Alibaba Group, Viblast, Globecast, Edgemesh, Peer5, Akamai, Qumu Corporation & CDNvideo etc. The Study provides
P2P Lending: Responding to Disruption
ReportsWeb.com published “Retail Banking Market” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Verdict Financial's P2P Lending: Responding to Disruption report is a comprehensive analysis of the rise of Peer-to-Peer consumer lending and its impact upon retail banks' borrowers. The report details the impact of P2P lenders upon
P2P Lending Research, Growth, News & Application
The concept of P2P lending started in around 2005, but growth was initially very slow and it took time for people to understand the deliverables and advantages of social lending. The P2P lending market experienced a remarkable boom in 2007, when a range of websites came into the picture and lifted the community lending business. P2P lending is often said to be more economically efficient because it eliminates the middleman,
United States P2P Lending Market 2017 : Lending Club, Borrower, P2P Credit, Pros …
United States P2P Lending Market 2016-2017 A market study based on the " P2P Lending Market " across the globe, recently added to the repository of Market Research, is titled ‘United States P2P Lending Market 2017’. The research report analyses the historical as well as present performance of the United States P2P Lending industry, and makes predictions on the future status of P2P Lending market on the basis of this analysis. Get