Global peer to peer lending market
was valued at nearly $ 89 billion in 2018 and is projected to grow at a CAGR of
over 48% during the forecast period, owing to increasing number of borrowers. Peer to peer lending market allows borrowers to directly
interact with the lender with the P2P lending platform. Use of such platforms helps
to reduce costs by excluding operational expenses such as cost of staffing and
maintenance and physical branches. Advancements in the technology and low cost associated with operations
is driving global peer to peer lending market. Now a days, increasing number of
students are preferring loans at cheaper interest rates, thereby pushing the
peer to peer lending market. Moreover, increasing awareness pertaining to the
closing off personal debt as soon as possible is another factor resulting in
huge acceptance of peer to peer lending across the globe.
On the basis of end user, global
peer to peer lending market can be segmented into consumer credit, small
business, student loan and real estate. Financial institutions are limiting
providing loans to small enterprises or businesses, as they would not be able
to repay. Peer to peer lending or P2P market fills this void by offering loans
to small businesses at a lower interest rate quickly and efficiently. Thus,
small enterprises segment is expected to dominate the market in coming years.
Peer to peer lending is gaining
traction and expanding to various regions including Asia-Pacific, North
America, Europe, South America and Middle East & Africa. North America is
the largest market for peer to peer lending, on account of increasing dependency
on online platform. Moreover, peer to peer market in Asia-Pacific is growing at
a rapid pace, backed by the presence of massive student population in
developing economies such as China and India and increasing number of start-ups
and businesses looking for funding for their projects.
Major players operating in global
peer to peer lending market include Lendingclub Corporation, Prosper
Marketplace, Inc., CommonBond Inc., Upstart Network Inc., Funding Circle
Limited, CircleBack Lending, Inc., Social Finance Inc., Pave, Inc., Daric Inc.
and Avant Inc. Major companies are developing advanced technologies and
launching new products in order to stay competitive in the market. Other
competitive strategies include mergers & acquisitions and new product
developments.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast global peer to peer
lending market size.
- To classify and forecast global peer to peer
lending market based on business model, end user and regional
distribution.
- To identify drivers and challenges for global peer
to peer lending market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
peer to peer lending market.
- To conduct the pricing analysis for global
peer to peer lending market.
- To identify and analyze the profile of leading
players operating in global peer to peer lending market.
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Some of the leading players in global peer to peer
lending market include
Lendingclub Corporation, Prosper Marketplace, Inc., CommonBond Inc., Upstart
Network Inc., Funding Circle Limited, CircleBack Lending, Inc., Social Finance
Inc., Pave, Inc., Daric Inc. and Avant Inc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service offerings, distribution channels and presence of all
major service providers across the globe.
TechSci Research calculated global peer to peer lending market size
using a bottom-up approach, where data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- P2P lending companies
- Research organizations and
consulting companies
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to peer to peer lending market
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as service providers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global peer to peer
lending market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Market, by Business
Model:
- Traditional P2P Model
- Marketplace Lending Model
- Market, by End
User:
- Consumer Credit
- Small Business
- Student Loan
- Real Estate
- Market, by Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Israel
- South America
- Brazil
- Argentina
- Colombia
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global peer to peer lending market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players
(up to five).
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com