According to the latest IMARC Group report entitled ” Peer-to-Peer (P2P) Lending Market Share : Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026“ verzeichnete Global Peer-to-Peer (P2P) -Credit market a strong growth in 2015-2020 and the group expects the market to grow with a CAGR of around 31% in 2021-2026.
Peer-to-peer (P2P) lending refers to a marketplace model that enables the process of lending to businesses or individuals. This is facilitated by the use of online services that connect lenders with borrowers seeking unsecured personal, business, or educational loans. This arrangement allows lenders to get higher returns on their investments by eliminating the need for financial institutions to intervene. The platform, which acts as an intermediary and risk reducer between the two parties, ensures fast lending processes with high returns and paperless transactions with an attempt not to compromise the creditworthiness of either party.
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Global Peer-to-Peer (P2P) Loan Market Trends:
The market is primarily driven by the increasing number of small and medium-sized enterprises (SMEs), particularly in developing countries. These organizations use P2P lending services to access simple loans at reasonable interest rates for their critical funding needs. These services are also often preferred because of the minimal fees and convenient repayment options for users. Additionally, P2P lending solutions have eliminated the need for physical branches, staff and maintenance within an office environment, creating positive outlook for the market. In addition, governments of numerous countries are taking initiatives to encourage the use of P2P lending platforms by creating a specific framework that supports the growth of the industry and tries to avoid potential risks. The market is further driven by the introduction of blockchain technology in these models. Their use helps to make the overall process more transparent and fairer for lenders and borrowers. In addition, numerous people are currently using P2P agreements to pay for their treatment costs across the healthcare sector, particularly due to the sudden outbreak of coronavirus disease (COVID-19).
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More global Peer-to-Peer (P2P) Credit Market 2021-2026 Analysis and Segmentation:
Competitive landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major 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 by region, credit type, business model and end-user.
Breakdown by credit type:
- Consumer credit
- Corporate loans
Breakdown according to business model:
- Marketplace Loans
- Traditional lending
Breakdown by end user:
- Consumer (individual / household)
- Small businesses
- Large companies
- property
- Others
Distribution according to regions:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Main highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT-Analyse
- Value chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently in the scope of the report, we can provide it to you as part of the customization.
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