Peer-to-Peer (P2P) Lending Market 2021-26, Industry Share, Size, Growth, Trends and Forecast Report
Peer-to-Peer (P2P) Lending Market Analysis by Top Key Players – 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.
According to the latest report of the IMARC group, entitled “Peer-to-peer (P2P) lending market: Global Industry Trends, Size, Growth, Opportunities and Forecast 2021-2026,” the Global peer to peer (P2P) lending market showed strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 31% during the period 2021-2026
Reference year: 2020
Forecast year: 2021-2026
Peer to peer (P2P) lending is the process of granting a loan to an individual or business without the involvement of a bank or financial institution. It lends money through online services that connect borrowers directly to lenders or investors, who lend money to qualified applicants. P2P lending aims to increase returns for lenders and reduce the interest rate for borrowers. It offers cost-effective services to borrowers compared to traditional financial institutes while assisting in quick and convenient loans at competitive interest rates and low fees. In P2P loans, the individual website sets the rates and terms, which enables the transaction. Therefore, the system promotes fast, paperless, high yield and flexible ways to borrow and lend money.
Like the new coronavirus (COVID-19[FEMALE)[FEMININE) The crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic. .
Global Peer to Peer (P2P) Lending Market Trends:
The market is mainly driven by the increasing digitization of the banking sector. Additionally, emerging small and medium-sized enterprises (SMEs), especially in developing countries, are also facilitating the growth of the market. These organizations need an alternative financing option that offers minimal billing fees and convenient repayment options. In addition to this, P2P lending platforms also remove the cost of establishing physical branches, maintenance, and staff, thereby increasing their demand in organizations. Additionally, governments in various countries are taking initiatives to support P2P lending by offering specific frameworks. Additionally, the introduction of blockchain technology and smart contracts, which provide transparent and reliable lending and borrowing facilities and protect customer privacy, are also acting as major growth drivers.
Request a free sample report: https://www.imarcgroup.com/peer-to-peer-lending-market/requestsample
Global Peer-to-Peer (P2P) Lending Market Analysis and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major 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 based on region, type, technology, and application.
The report has segmented the market based on region, loan type, business model, and end user.
Breakdown by type of loan:
- consumer loan
- Business loans
Breakdown by Business Model:
- Loans on the market
- Traditional loan
Breakdown by end user:
- Consumer (Individual/Households)
- Small enterprises
- Large companies
- Real estate
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/peer-to-peer-lending-market
If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.
Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
Live Chat Software Market Size: https://www.imarcgroup.com/live-chat-software-market
Systems Integration Market Size: https://www.imarcgroup.com/system-integration-market
In-app advertising market: https://www.imarcgroup.com/in-app-advertising-market
Green data center market:https://www.imarcgroup.com/green-data-center-market
Insurance Fraud Detection Market: https://www.imarcgroup.com/insurance-fraud-detection-market
Sales Performance Management Market:https://www.imarcgroup.com/sales-performance-management-market
Control tower market size: https://www.imarcgroup.com/control-towers-market
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
Company Name: IMARC Group
Contact: Elena Anderson
E-mail: Send an email
Address:30 N Gould St Ste R
Country: United States