P2P Lending Market Size 2021
Global P2P Lending Market Size is expected to reach US$ 1,585.23 million by 2027, growing at an estimated CAGR of 16.2% over the forecast period due to technological advancements and lesser operational cost
Blockchain based P2P technology is driving the growth of P2P Lending Market Size. Blockchain has taken over the global financial markets with its disruptive power to transform industries. Blockchain based technology has the potential to cause radical change to a large number of industries including P2P lending. Acceptance of blockchain technology in P2P Lending Market Size will make the whole process clear and authentic, bringing more trust and transparency in the system.
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Major Key Players:
Some of the players operating in global P2P Lending Market Size are Avant LLC, Bondora Capital OU, Circlebacklending.Net, CommonBond, Inc., Faircent, Funding Circle, i2ifunding.com, Kabbage Inc., LendingClub Corporation, OnDeck, Peerform, Prosper Funding LLC, RateSetter, Social Finance, Transactree Technologies Pvt Ltd., Upstart Network, Inc., Zopa Financial Services Limited amongst others.
Key Findings of the Report:
In terms of revenue, global P2P Lending Market Size is expected to reach US$ 1,585.23 million by 2027, as there is an increasing demand for blockchain based P2P technology.
Business loans segment held the largest share in 2018 and is expected to continue the same trend over the forecast period. As P2P lending platforms are simple online platforms and an alternative to banks, most businesses prefer these platforms for borrowing loans.
On the basis of end user industry, the small business segment is anticipated to exhibit the highest CAGR of 16.3% over the next eight years. Small business looking for loan from bank has a limited number of banks and financial institutions to tap, on the other hand there are numerous P2P lending platforms providing loans quickly, with no collateral and less charges to these SME’s.
Market Segmentation
By Deployment Type
Cloud based
On-Premise
By Type of Loan
Personal Loans
Auto Loans
Business Loans
Student Loans
Others
By Business Model
Traditional P2P Model
Alternate Marketplace P2P Model
By End User Industry
Individuals
Small Business
By Geography
North America
U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Norway
Sweden
Benelux Union
Belgium
The Netherlands
Luxemburg
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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