Global Peer-to-Peer Lending Market Gains from Supportive Regulatory Framework in Developed Economies

Market Research Reports Search Engine has added a new report to its expanding repository of studies on the recent tech and media developments. The report presents a comprehensive analysis of the global peer-to-peer lending market. It is titled “Peer-to-Peer Lending Market (End User - Consumer Credit, Small Business, Student Loans and Real Estate; Business Model -Traditional P2P Model and Marketplace Lending Model) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” and is available for sale on the company website.

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Published by Transparency Market Research, the report has pegged the valuation of the global peer-to-peer market at US$26.16 bn in 2015. Exhibiting an exceptional CAGR of 48.2%, the market is expected to reach US$897.85 bn by the end of 2024.

The latest advances in technology have been crucial in aiding this tremendous growth of the global peer-to-peer lending market. These advancements have enabled peer-to-peer lending platforms to acquaint businesses and individuals directly with investors. These lending platforms enable instant approvals of loans at reasonable interest rates, which is subsequently boosting their popularity among individual borrowers and small businesses. These factors have been playing a crucial role in bolstering demand from the global peer-to-peer lending market.

Regionally, holding a share of 43.8%, North America dominated the global market in 2015. The peer-to-peer lending market in this region is predominantly led by the U.S., which has been exhibiting robust growth since the past few years. With banking norms tightening post financial crisis, borrowers in the U.S. have become more inclined towards unconventional lending sources, which has been a prime driver of the peer-to-peer lending market. Other factors such as the convenience offered by online platforms, declining consumer loyalty toward financial institutions, and favorable regulatory environments are also boosting the North America peer-to-peer lending market.

The peer-to-peer lending market is also witnessing lucrative opportunities in the U.K. due to favorable government support. The nation has a suitable framework that supports the growth of peer-to-peer lenders and also protects them against any potential risk. Besides this, the exponential surge of start-ups in Asia Pacific has spurred growth opportunities for the peer-to-peer lending market in the region. Australia, Japan, and China are at the fore of promoting peer-to-peer lending in Asia Pacific.

Based on end users, the global peer-to-peer lending market can be segmented into marketplace lending model and traditional P2P model. Of these, the marketplace lending model segment led the market in 2015 with a dominant share of 74%. The report has further pegged the segment to surge at an exponential CAGR of 50% during the forecast period.

Browse Full Global Peer-to-Peer Lending Market Report with TOC:http://www.mrrse.com/peer-to-peer-lending-market

To present a holistic report on the prevailing competitive landscape, the report has profiled companies such as Prosper Marketplace, Inc., Funding Circle Limited, Upstart Network Inc., Pave, Inc., Daric Inc., and others. These companies are mainly focusing on expanding their product portfolio to gain the lion’s share of the market.

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