Peer-to-Peer Lending Market: Size, Key Trends & Projected Growth to Forecast 2028 (2024)

Global Peer To Peer Lending Market size was valued atUSD 127.24 Billion in 2021and is projected to reachUSD 634.42 Billion by 2028, growing at a CAGR of19.4%from 2021 to 2028 according to a new report by Intellectual Market Insights Research.

Peer To Peer Lending Market Size, Share & Trends Analysis Report By Business Model (Traditional Lending, Alternate Marketplace Lending), By Application (Individuals, Businesses),By End-Users (Student Loans, Real Estate Loans, Consumer Credit Loans, Small Business Loans), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028

Peer To Peer Lending Market Players Analysis:

  • Prosper Marketplace, Inc.
  • Zopa Limited
  • Welendus
  • MarketInvoice
  • LendingClub Corporation
  • Funding Circle Limited
  • Daric
  • RateSetter
  • Others.

The report enhances the decision making capabilities and helps to create an effective counter strategies to gain competitive advantage.

Demand Side and Supply Side Perspective and analysis Company/Players/Manufacturers/Vendors/Service Providers Market Share Competitive Landscape, Competition Matrix, and Player Positioning Analysis Market Dynamics, Trends, Factors affecting market growth during upcoming year Key Buyers and End-User Analysis Value Chain & Supply Chain Analysis including Distribution and Sales Channels as well as Forward and Backward Integration scenarios Manufacturing Cost Structure Analysis Key Raw Materials Analysis Key Pricing Strategies adopted in the market Key Marketing Strategies adopted in the market Porters Five Forces Analysis SWOT Analysis PESTLE Analysis

Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Post-Consumer Peer To Peer Lending Market.

To know more about this study, request a free sample report @https://www.intellectualmarketinsights.com/download-sample/IMI-000091

Key Benefits for Peer To Peer Lending Market Reports

The analysis provides an exhaustive investigation of the global Post-Consumer Peer To Peer Lending market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer Peer To Peer Lending market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer Peer To Peer Lending market. This is done with an aim of helping companies in

Final Report will add the analysis of the impact of COVID-19 on this industry.

Peer To Peer Lending Market Segmentation Analysis:

By Business Model:

  • Traditional Lending
  • Alternate Marketplace Lending

By Application:

  • Individuals
  • Businesses

By End-Users:

  • Student Loans
  • Real Estate Loans
  • Consumer Credit Loans
  • Small Business Loans

Market Drivers:

Increasing patch management solutions vulnerabilities is driving the growth of the market

Rising need of up to date software will propel the market growth

Growing third party application deployment is a driver for the market

Government regulations for promoting patch management may boost the growth of the market

Market Restraints:

Low vulnerability priority reduction is restraining the growth of the market

Lack of awareness for cyber security will hamper the market growth

Patch testing and compatibility issues may also restrict the growth of the market

Key Reasons to Purchase

To gain insightful analyses of the Peer To Peer Lending market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the Peer To Peer Lending market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the Peer To Peer Lending market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of Peer To Peer Lending Market

  • Historic year: 2015- 2019
  • Base year: 2020
  • Forecast: 2021 to 2028
  • Representation of Market revenue in USD Million

There are 15 Chapters to display the Global Peer To Peer Lending market.

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Global Peer To Peer Lending market, Applications, Market Segment by Types

Chapter 2, objective of the study.

Chapter 3, to display Research methodology and techniques.

Chapter 4 and 5, to show the Peer To Peer Lending Market Analysis, segmentation analysis, characteristics;

Chapter 6 and 7, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;

Chapter 8 and 9, to show analysis by regional segmentation[North America (Covered in Chapter 6 and 13), United States, Canada, Mexico, Europe (Covered in Chapter 7 and 13), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 8 and 13), China, Japan, South Korea, Australia, India, Southeast Asia, Others, Middle East and Africa (Covered in Chapter 9 and 13), Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Others, South America (Covered in Chapter 10 and 13), Brazil, Argentina, Columbia, Chile & Others ], comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis

Chapter 10, to identify major decision framework accumulated through Industry experts and strategic decision makers;

Chapter 11 and 12, Global Peer To Peer Lending Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels

Chapter 13 and 14, about vendor landscape (classification and Market Ranking)

Chapter 15, deals with Global Peer To Peer Lending Market sales channel, distributors, Research Findings and Conclusion, appendix and data source.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia or Oceania [Australia and New Zealand].

Browse Full report on Global Peer-to-Peer Lending Market report at https://www.intellectualmarketinsights.com/report/peer-to-peer-lending-market-size/imi-000091

Peer-to-Peer Lending Market: Size, Key Trends & Projected Growth to Forecast 2028 (2024)

FAQs

Peer-to-Peer Lending Market: Size, Key Trends & Projected Growth to Forecast 2028? ›

The global Peer-to-Peer (P2P) lending market, with a market size of US$ 147.9 billion in 2022, is set for substantial growth. Projections indicate that the market will reach US$ 626.5 billion by 2028, exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period of 2023-2028.

What is the size of the P2P lending market? ›

The global Peer to Peer P2P Lending Market size is expected to record a CAGR of 28.1% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 75.8 billion. By 2032, the valuation is anticipated to reach USD 621.3 billion.

How big is the peer-to-peer market? ›

Global Peer to Peer Lending Market size was valued at USD 147.05 billion in 2022 and is poised to grow from USD 190.43 billion in 2023 to USD 1506.24 billion by 2031, growing at a CAGR of 29.5 % during the forecast period (2024-2031).

Is peer to peer lending still a thing? ›

P2P lending offers an alternative to traditional bank lending and can be beneficial for borrowers who may have trouble qualifying for a loan through a traditional lender. It can also offer borrowers with good credit scores a lower interest rate.

What is the largest P2P lending platform? ›

LendingClub is one of the largest and most established P2P lending platforms. It offers personal loans for borrowers and investment opportunities for institutional lenders.

What is the future of P2P lending? ›

The Global P2P Lending market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

How much is the peer-to-peer lending market worth? ›

The peer-to-peer lending market attained a valuation of US$ 295.34 billion in 2019. By 2023, the valuation topped US$ 458.91 billion, recording a CAGR of 6%. Based on end user, the consumer credit segment is expected to accumulate 40% in 2024.

Why is peer-to-peer lending popular? ›

Pros: Unique credit approval process: Loans may be approved instantly with an online application, and some lenders look beyond credit scores to consider other financial factors. Convenient online loan management: Most loans are easy to apply for and manage using an online system or mobile app.

Why has P2P become so popular? ›

Cost-Effective: Many P2P apps become so popular because they are free to use or have minimal transaction fees compared to traditional banking services. This cost-effectiveness makes them attractive to users seeking affordable and accessible financial solutions.

What is peer-to-peer marketing strategy? ›

Peer-to-peer marketing, also known as P2P marketing, is a type of word-of-mouth marketing where your customers recommend your business or brand to their peers. It essentially turns your brand's stakeholders (customers, partners, employees, etc) into marketing channels.

Why did P2P fail? ›

Many P2P platforms lacked professional risk management and sufficiently large reserve funds. Therefore, when there was a shortage of new investors or economic downturns, a small number of borrower default cases could quickly deplete the reserve funds and cause panic among lenders.

What are the red flags for P2P? ›

Inconsistent Stories: If the reason for the transaction keeps changing or doesn't seem to add up, take that as a warning sign. Unusual Payment Requests: If someone asks for payment in the form of gift cards or through multiple small transactions, it's a significant red flag.

Why did P2P lending fail? ›

Due to consumer protection laws, it is difficult for lenders to contact borrowers directly, even in the case of a default. P2P platforms do not enable the lenders to directly interact with borrowers through the system, based on legal terms and privacy policies.

Why P2P is better than banks? ›

Better Interest Rates

This is one of the major reasons why P2P lending is becoming popular amongst people. While traditional banks often have higher operational costs, which leads to higher interest rates on loans, P2P platforms, on the other hand, operate with lower costs and hence, offer competitive interest rates.

Who bears risk in P2P lending? ›

Lenders face the risk of losing their money if the borrower defaults on the loan. P2P loans can offer lower interest rates for borrowers with good credit and high returns for investors.

What is the best P2P platform? ›

Compare the best P2P lending
INTEREST RATESLOAN AMOUNTS
Prosper6.99% to 35.99%$2,000 to $50,000
Avant9.95% to 35.99%$2,000 to $35,000
Happy Money11.72% to 17.99%$5,000 to $40,000
Upstart7.8% to 35.99%$1,000 to $50,000

How is P2P lending compared to the stock market? ›

Peer-to-Peer Lending: While P2P lending platforms can provide steady returns, they are typically a bit lower compared to stocks. It is usually between 10% and 15% return per year. Stocks: Historically stocks offered higher returns over the long term, albeit with more volatility.

How many Americans use P2P? ›

49 percent of U.S. respondents answer our survey on "Peer-to-peer payments" with "Using a direct money transfer service (e.g., PayPal)". The survey was conducted in 2023, among 10,048 consumers.

How big is the consumer lending industry? ›

The global Consumer Lending market size was valued at USD 1057936.12 million in 2022 and is expected to expand at a CAGR of 5.67% during the forecast period, reaching USD 1472482.89 million by 2028. Consumer lending provides financing for personal, family, or household purposes.

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