The Peer-to-Peer Lending Market size was valued at USD 134.35 Bn in 2022 and is expected to reach USD 926.55 Bn by 2030, and grow at a CAGR of 27.3% over the forecast period 2023-2030.
The process of lending money to people or businesses using internet programs that connect/contest lenders with borrowers is known as peer-to-peer lending (P2P). Peer-to-peer lending P2P provides services at a lower cost than traditional banking institutions. As a result, lenders might earn larger rates than investors and savers offered by banks and other financial organizations. Crowd-lending is another term for this type of money lending.
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Even though the majority of the money is provided to businesses, peer-to-peer lending is often an unsecured sort of personal loan. A secured loan, on the other hand, can be obtained by utilizing big assets like buildings, fine artworks, jewels, antique automobiles, watches, or other commercial properties. Commercial and real estate loans, secured company loans, payday loans, student loans, leasing, and factoring are all examples of peer-to-peer lending. By preserving some cash, P2P websites provide protection against market losses caused by non-payment loans.
One of the most extensively used tactics in financial services to increase core processing capabilities and provide better client services and insights has been digitization. The P2P payment lending platform has a unique edge over traditional banking systems since it promotes better transparency in businesses. A potential borrower submits an application to the platform for review before a loan is posted on the platform's website, with all risks and interest rates explicitly stated, as well as the repayment time.
Furthermore, by using technology to swiftly analyze and assign risk grades and interest rates to loan applicants, this platform assists inefficient decision-making, which is a crucial component contributing to the market's growth. Furthermore, with the rise in smartphone penetration and the number of netizens throughout the world, the online lending procedure has seen a considerable boost in recent years, fueling market development.
KEY DRIVERS:
Rising advances due to advancements in leadership expertise in the industry.
greater investment clarity, lower operational costs, and minimal market risk.
Lower fees, simpler application processes, and faster loan approvals are all advantages.
RESTRAINTS:
the possibility of losing money
adoption of strict government restrictions on loan processing
Low public understanding of the advantages of peer-to-peer lending.
OPPORTUNITY:
The expansion of the Asia-Pacific market has resulted in a significant increase in the number of lenders and borrowers throughout the nation
An increase in the number of small business lending organizations
Because many people's financial positions were strained during the COVID-19 crisis, participants in the peer-to-peer lending market are using this chance to help small enterprises, students, and government organizations. Peer-to-peer (P2P) lending is being promoted as a Fintech alternative to traditional banking as an increasing number of individuals become familiar with smartphones.
By linking lenders and borrowers through the internet, peer-to-peer lending services have played an important part in the current epidemic. These platforms were able to reduce the cost of financial intermediation, allowing for greater deposit rates and cheaper borrowing rates. P2P lenders have grown increasingly popular with yield-hungry investors as interest rates have dropped.
In 2021, consumer lending dominated the peer-to-peer (P2P) lending sector. Consumer lending takes happens between two people in the peer-to-peer (P2P) loan sector. Over the projection period, factors such as increased disposable income and rapid urbanization would drive the expansion of the category in the peer-to-peer (P2P) lending industry. In 2021, the business lending section of the peer-to-peer (P2P) lending market will be the fastest expanding. In the peer-to-peer (P2P) lending industry, business lending is gaining pace. The demand for peer-to-peer (P2P) financing in the worldwide market is being driven by an increase in the number of small and medium-sized businesses as well as start-ups.
In 2021, the peer-to-peer (P2P) lending sector was dominated by consumer credit loans. Consumer credit loans are short-term loans. Cash loans or sales credit are the two types of loans available. The increased usage and acceptance of consumer credit loans among individuals and companies for finances is related to the segment's rise.
In 2021, the fastest-expanding segment of the peer-to-peer (P2P) lending business will be student loans. A student loan is a type of loan that helps students pay for post-secondary education and associated costs including coaching and tuition, books, and supplies. The demand for student loans is increasing as the number of students worldwide grows. Over the projection period, this factor will contribute to the expansion of the peer-to-peer (P2P) lending industry.
On The Basis of Business Model:
Traditional Lending
Alternate Marketplace Lending
On The Basis of Loan Type:
Consumer Credit Loans
Small Business Loans
Student Loans
Real Estate Loans
On The Basis of End-User:
Business
Personal
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In 2021, North America led the peer-to-peer lending sector. The adoption of peer-to-peer (P2P) lending platforms is driving the expansion of the peer-to-peer (P2P) lending industry in North America. The need for peer-to-peer (P2P) lending platforms in the area is also being driven by the adoption of innovative technology. In contrast, Asia-Pacific is predicted to grow at the quickest rate throughout the projection period. In the Asia-Pacific area, China dominates the peer-to-peer (P2P) lending market. The Asia-Pacific region's peer-to-peer (P2P) lending sector is expanding due to an increase in the number of small and medium-sized businesses. Governments in developing countries such as China and India are continually working to promote cashless technology. This element is driving the region's peer-to-peer (P2P) lending sector forward.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Avant, LLC., Funding Circle, Kabbage Inc., Lending Club Corporation, LendingTree, LLC, OnDeck, Prosper Funding LLC, RateSetter, Social Finance, Inc, Zopa Bank Limited.
| Report Attributes | Details |
| Market Size in 2022 | US$ 134.35 Bn |
| Market Size by 2030 | USD 926.55 Bn |
| CAGR | CAGR of 27.3% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Business Model (Traditional Lending and Alternate Marketplace Lending) • by Loan Type (Consumer Credit Loans, Small Business Loans, Student Loans, Real Estate Loans) • by End-User (Business and Personal) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Avant, LLC., Funding Circle, Kabbage Inc., Lending Club Corporation, LendingTree, LLC, OnDeck, Prosper Funding LLC, RateSetter, Social Finance, Inc, Zopa Bank Limited. |
| Key Drivers | • Rising advances due to advancements in leadership expertise in the industry. • greater investment clarity, lower operational costs, and minimal market risk. |
| Market Opportunities | • The expansion of the Asia-Pacific market, has resulted in a significant increase in the number of lenders and borrowers throughout the nation |
Ans:- The Peer-to-Peer Lending Market size was valued at USD 105.54 Bn in 2021.
Ans:- The segments are covered in the Peer-to-Peer Lending Market are On The Basis of Business Mode, Loan Type, End-User.
Ans:- In 2021, North America accounted largest market share for the Peer-to-Peer Lending Market.
Ans:- The major key players are Avant, LLC., Funding Circle, Kabbage Inc., Lending Club Corporation, LendingTree, LLC, OnDeck, Prosper Funding LLC, RateSetter, Social Finance, Inc, Zopa Bank Limited.
Ans:- The study includes a comprehensive analysis of worldwide Peer-to-Peer Lending Market trends, as well as present and future market forecasts.market's major drivers, opportunities, and constraints and Porter's five forces analysis aids etc
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Peer To Peer Lending Market Segmentation, by Business Model
8.1 Traditional Lending
8.2 Alternate Marketplace Lending
9. Peer To Peer Lending Market Segmentation, by Loan Type
9.1 Consumer Credit Loans
9.2 Small Business Loans
9.3 Student Loans
9.4 Real Estate Loans
10. Peer To Peer Lending Market Segmentation, by End-User
10.1 Business
10.2 Personal
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Avant, LLC.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Funding Circle
12.3 Kabbage Inc.
12.4 Lending Club Corporation
12.5 LendingTree, LLC
12.6 OnDeck
12.7 Prosper Funding LLC
12.8 RateSetter
12.9 Social Finance, Inc
12.10 Zopa Bank Limited
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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