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 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 Industry Definition and Application:
Peer to Peer (P2P) lending involves money lending activities between two parties without the involvement of financial institutions. It is a monetary arrangement that is usually carried out through peer-to-peer lending online platforms. It offers various loan options, including education, and unsecured personaland business loans, that aid in providing quick and convenient solutions to the individual while charging a relatively lower interest rate.
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 and Drivers:
The global market is primarily driven by significant growth in the banking, financial services and insurance (BFSI) sector. Along with this, rapid digitization across the industry has created a positive outlook for the market on the global level. Moreover, continual technological advancements are also providing a boost to the market. For instance, the widespread integration of blockchain technology with peer-to-peer lending platforms to facilitate safe and quick access to funds is providing an impetus to the market growth across the globe.
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Global Peer to Peer (P2P) Lending Market 2022-2027 Analysis and Segmentation:
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
Breakup by Region:
- North America
- Asia Pacific
- 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
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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