According to the latest report by IMARC Group, titled “Peer to Peer (P2P) Lending Market: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,”The global peer to peer (P2P) lending market size 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.
Base Year: 2022
Forecast Year: 2022-2027
Peer-to-peer (P2P) lending refers to a method of online monetary arrangement between individuals and businesses without involving banks or financial institutions. It is an easily accessible source of funding that facilitates individuals to borrow loans at low-interest rates and flexible terms. It aids in availing quick and convenient loans with minimal documentation and zero impact on credit scores.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:
P2P lending platforms eliminate the establishment cost of physical branches, maintenance, and staffing, which provides low financial risk for both lenders and borrowers. This, in confluence with the increasing number of small and medium-sized enterprises (SMEs), is one of the key factors stimulating market growth. Furthermore, technological advancements, such as the emergence of smart contracts and blockchain,which provide reliable and transparent borrowing and lending services, are positively influencing the market. Moreover, increasing preferencesfor loans online to avoid lengthy lending processes is propellingthe market growth.
Peer to Peer (P2P) Lending Markethttps://unsplash.com/
Request Free Sample Report: https://www.imarcgroup.com/peer-to-peer-lending-market/requestsample
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:
Breakup by Business Model:
Breakup by End User:
Breakup by Region:
Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/peer-to-peer-lending-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA
Tel No:(D) +91 120 433 0800 |
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800