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Peer-to-peer (P2P) lending market worth over $ 44 billion per

Dublin, February 17, 2020 (GLOBE NEWSWIRE) – The “Global Peer-to-Peer Loan Market by Business Model (By End User (Consumer Credit; Small Businesses; Student Loans & Real Estate), By Region (North America, Europe & Others), Competition, Forecast & Opportunity, 2024” “ the report was added to offer.

The global peer-to-peer lending market is valued at around $ 15 billion in 2018 and the market is poised to grow at a CAGR of over 19% to exceed $ 44 billion by 2024, due to the number growing number of borrowers in recent years.

The peer-to-peer lending market allows borrowers to interact directly with the lender through the P2P lending platform. The use of such platforms helps to reduce costs by excluding operational expenses such as personnel and maintenance costs, physical branch offices, among others, which promotes the growth of the market. Additionally, advancements in technology and low costs associated with operations are further stimulating the global peer-to-peer lending market.

Nowadays, the growing student population prefers loans at cheaper interest rate which is expected to promote the growth of peer-to-peer lending market until 2024 over peer-to-peer lending market, on a global scale.

The global peer-to-peer lending market can be segmented on the basis of business model and end user. On the basis of the end user, the market can be segmented into consumer credit, small business, student loans, and real estate. Of all, consumer credit dominates the market; however, the small business segment is expected to grow at the fastest CAGR during the forecast period. Financial institutions limit the provision of loans to small businesses or businesses because they would not be able to repay. Peer-to-peer lending or the P2P market fills this void by providing small business loans at a lower interest rate quickly and efficiently.

Regionally, the peer-to-peer lending market is gaining ground and spreading to various regions including Asia-Pacific, North America, Europe, South America, Middle East and ‘Africa. North America is the largest market in the peer-to-peer lending market due to the growing dependence on the online platform in the region. However, the Asia-Pacific peer-to-peer loan market is expected to grow at a rapid rate in the coming years due to the presence of massive student populations in developing economies such as Japan and India and of a growing number of start-ups and companies looking for for the financing of their projects.

The major players operating in the peer-to-peer lending market are LendingTree, Inc, Lendingclub Corporation, onDeck Capital, Inc., Funding Circle Limited, Prosper Marketplace, Inc., Zopa, Kiva, CommonBond Inc., Upstart Network Inc., CircleBack Lending , Inc. etc. Large companies are developing advanced technologies and lowering their interest rates in order to remain competitive in the market. Other competitive strategies include mergers and acquisitions and online marketing.

Years considered

  • Historical years: 2014-2017
  • Baseline year: 2018
  • Estimated year: 2019
  • Forecast period: 2020-2024

Goal of the study

  • To analyze and forecast the market size of the global peer-to-peer lending market.
  • To classify and forecast the global peer-to-peer lending market on the basis of business model, end-user, and regional distribution.
  • Identify the drivers and challenges of the global peer-to-peer lending market.
  • To examine competitive developments such as expansions, marketing strategies, mergers & acquisitions, etc. in the global peer-to-peer lending market.
  • Identify and analyze the profile of the major players operating in the global peer-to-peer lending market.

Key topics covered

1. Product overview

2. Research methodology

3. Executive summary

4. Voice of the customer

5. Global Peer-to-Peer Lending Market Outlook
5.1. Market size and forecast
5.1.1. By value
5.2. Market share and forecasts
5.2.1. By business model (traditional P2P model; market lending model)
5.2.2. By end user (consumer credit; small businesses; student loans; real estate)
5.2.3. By region (North America; Europe; Asia-Pacific; South America and the Middle East and Africa)
5.2.4. By company (2018)
5.3. Market attractiveness index

6. North America Peer-to-Peer Lending Market Outlook

7. Outlook for the peer-to-peer lending market in Europe

8. Asia-Pacific Peer-to-Peer Lending Market Outlook

9. South America Peer-to-Peer Lending Market Outlook

10. Outlook for the Middle East and Africa Peer-to-Peer Lending Market

11. Market dynamics

12. Market trends and developments

13. Competitive landscape
13.1. Competition outlook
13.2. Company Profiles
13.2.1. LendingTree Inc.
13.2.2. Loan company
13.2.3. onDeck Capital
13.2.4. Limited fundraising circle
13.2.5. Marché Prosper Inc.
13.2.6. Zopa
13.2.7. Kiva
13.2.8. CommonBond Inc.
13.2.9. Upstart Network Inc.
13.2.10. CircleBack Lending Inc.

14. Strategic recommendations

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