PUBLISHER: Value Market Research | PRODUCT CODE: 1547912
PUBLISHER: Value Market Research | PRODUCT CODE: 1547912
The global demand for Peer to Peer Lending Market is presumed to reach the market size of nearly USD 36.16 Billion by 2032 from USD 6.5 Billion in 2023 with a CAGR of 21.01% under the study period 2024-2032.
Peer to peer lending is a form of the crowd funding program that uses web-based platform to collect small quantities of funds from platform user to finance business. It can be defined as a loan agreement which contains the lender's credit claim to receive interest and redemption payments in the future. Lending can be commercial or non-commercial. Both lender and borrower are benefitted from this, savers get interested by lending out while borrowers get funds at the comparatively low-interest rate.
Development in information technology is changing the traditional way of businesses. Progress in technology is bringing changes in the financial market too. Peer to peer lending is an emerging industry with huge potential for capturing customers from the mainstream financial institution. Growing businesses, capital requirement and changing the tendency of financers to go for virtual options will fuel its adoption.The market is expanding globally with the number of operators as well as the number of loans being issued increasing substantially. The US and UK are the most established P2P lending markets. Increased comfort to perform online transactions through mobile channels and advancement in data analytics technology will benefit the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Peer to Peer Lending. The growth and trends of Peer to Peer Lending industry provide a holistic approach to this study.
This section of the Peer to Peer Lending market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Peer to Peer Lending market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Peer to Peer Lending market include LendingClub Bank, Lendermarket, Prosper Funding LLC, Proplend, PeerBerry, Upstart Network Inc., RateSetter, StreetShares Inc., Bondora Capital OU, AS Mintos Marketplace, Landbay Partners Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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