(P2P) Peer to Peer Lending Market 2022-2027: Global Industry Analysis, Share, Size, Growth and Forecast

According to the latest report by IMARC Group, titled " P2P Lending Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027," the global peer-to-peer (P2P) lending market reached a value of US$ 112.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 525.3 Billion by 2027, exhibiting a CAGR of 28.1% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are planning to foray into the market in any form.

Peer-to-peer (P2P) lending is a financial technology that allows people to lend or borrow money from one another without involving a bank or any financial institution. It involves lending websites that connect borrowers directly to investors, allows a faster and more convenient method of application and offers lower interest rates than banks. It also provides significantly higher returns and helps avail convenient, quick, and hassle-free loans with minimal documentation and zero impact on the credit scores. It also ensures a quick and uncomplicated application process that allows access to funds in a shorter period of time and offers higher flexibility than other types of loans. Besides this, it facilitates multiple partner lending and borrowing to large and small businesses, individuals, households, and real estate to diversify investments.

Report Metric

Historical: 2016-2021

Base Year: 2020

Forecast Year: 2022-2027

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Global Peer to Peer (P2P) Lending Market Trends:

The rising need for alternative financing options that cost minimal charging fees and offer convenient repayment options represents one of the key factors positively influencing the market. In addition, the emerging trend of digitization to conduct transactions with high efficiency and transparency is bolstering the growth of the market. Moreover, P2P lending platforms aid in decision-making for business owners who want unsecured personal and educational loans from investors seeking higher returns on their investments. It also allows the option of overpayment and settlement of balance at any time without involving any extra cost. These benefits are catalyzing the demand for P2P worldwide. Apart from this, the increasing student population requiring educational loans for higher studies, coupled with the rising real estate lending, is creating a positive outlook for the market. In addition, the rising penetration of high-speed internet and the growing sales of mobile devices, such as smartphones and laptops, are propelling the market growth.

Besides this, as P2P lending functions via internet-based services, it does not require a large infrastructure and workforce and aids in reducing operational costs by eliminating the need for physical branches, staffing, and maintenance of units, which is bolstering the market growth. Additionally, the integration of the latest technologies, such as machine learning (ML), for predicting and determining loan decisions and the development of smart contracts on blockchain technology is providing a thrust to the market growth. Apart from this, shifting consumer preferences towards online loans to avoid hefty documentation processes and lengthy lending procedures is contributing to the market growth. Furthermore, a significant rise in the number of small and medium-sized businesses and a rapid increase in consumer loans to provide financial flexibility are contributing to the P2P lending trends.

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Global Peer-to-Peer (P2P) Lending Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Avant Inc., Commonbond Inc., Funding Circle Ltd., LendingClub Corporation, Lendingtree Inc. (InterActiveCorp and Tree.com Inc.), On Deck Capital Inc., Prosper Marketplace Inc., Retail Money Market Ltd., Social Finance Inc., Upstart Network Inc. and Zopa Limited.The report has segmented the market on the basis on region, type, technology and application.

The report has segmented the market on the basis on region, loan type, business model and end-user.

Breakup by Loan Type:

Consumer Lending
Business Lending

Breakup by Business Model:

Marketplace Lending
Traditional Lending

Breakup by End User:

Consumer (Individual/Households)
Small Businesses
Large Businesses
Real Estate
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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