Global Peer-to-Peer Lending Market to exhibit 30% CAGR over 2020-2027

December 15, 2020


As per the research report titled ‘Global Peer-to-Peer Lending Market Size study, by Business Model (Alternate Marketplace Lending, Traditional Lending), by Type (Consumer Lending, Business Lending), by End-User (Consumer Credit Loans, Small Business Loans, Student Loans, Real Estate Loans) and Regional Forecasts 2020-2027’ available with Market Study Report LLC, global peer-to-peer lending market reflected a valuation of USD 68 billion in 2019 and is slated to exhibit a robust CAGR of 30% during 2020-2027.
 

Industry experts claim that increasing preference over conventional financial institutions owing to more reasonably priced services and reduced overhead expenses, along with lower rate of interest, and higher returns on investment are propelling the growth of global peer-to-peer lending market.
 

For the uninitiated, peer-to-peer or P2P lending is the financial practice of lending money to individuals as well as businesses through online services that connect borrowers with lenders.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2854744/
 

The imposition of stringent lockdown measures amid the COVID-19 pandemic has disrupted the entire banking and financial sector, curbing traditional banks from offering their services. Therefore, shift towards modern alternative, and surging demand for online financial services are stimulating the global peer-to-peer lending market outlook.
 

Additionally, growing acceptance of digital banking among individuals and enterprises coupled with technological advancements in customary banking systems to enhance transparency and reduce operational costs are further fueling the industry expansion. On the contrary, high risks association, along with imposition of regulations towards P2P loan processing are hindering the business development.
 

According to the regional analysis of the report, North America dominates the vertical in terms of market share presently, owing to high concentration of P2P lending companies in the region and rising digitization in the BFSI industry.
 

On the other hand, Asia-Pacific peer-to-peer lending market is anticipated to register the highest annual growth rate over the forecast period. Factors such as rising adoption of digital banking and high concentration of low operating cost-based P2P lending companies in India and China are bolstering the growth of the regional market.  
 

Major organizations operating in worldwide peer-to-peer lending market are Social Finance Inc., RateSetter, LendingTree LLC, Prosper Marketplace Inc., Zopa Limited, On Deck Capital Inc., LendingClub Corp., Kabbage Inc., Funding Circle Limited, and Avant LLC among others.

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