Peer to Peer (P2P) Lending Market 2021: Competitive Dynamics, COVID-19 Statistics by Top Companies
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The global peer-to-peer (P2P) lending market is anticipated to witness growth in the coming years due to the increase in the trend of adopting peer-to-peer lending amongst the businesses and individuals. Also, low market risk and minimum operational expenses is expected to surge the market in the coming years. The peer-to-peer lending doesn’t require huge workforce or an outstanding infrastructure as compared to the conventional financial services and banking institutions. In addition, government is lending hand by taking initiatives to aid investors and small and medium enterprises as SMEs are currently facing challenges in obtaining loans from the banks. Furthermore, all SMEs require a small credit as the working capital to meet requirements of businesses. As per an Economic Survey in 2018-2019, it is estimated that the amount of loans paid by the banks to the SMEs is approximately 5.6% only. All these factors are anticipated to boost the market growth in the forthcoming years.
Main Segments of the Market
The market is divided into segments based on
- Business model
- Type
- End-user
- Regional analysis
Based on business model, the market is divided into
- Traditional lending
- Alternate market place lending
Based on type segment, the market is classified into
- Business lending
- Consumer lending
Based on end-user segment, the market is categorized into
- Small business loans
- Consumer credit loans
- Real estate loans
- Student loans
Based on region, the market is divided into
- LAMEA
- Asia-Pacific
- North America
- Europe
Key Market Players
The well-known players of the global peer-to-peer (P2P) lending market are Prosper Funding LLC, LendingClub Corporation, Funding Circle, OnDeck, Zopa Bank Limited, RateSetter, Avant, LLC, LendingTree, LLC, Kabbage, and Social Finance. These market players are building tactics related to novel product launches, mergers & acquisitions of noteworthy companies, partnerships and tie-ups, business expansions, and heavy investments in research and development projects. The market players believe that these strategies will aid in company enhancement and build a brand name in the market.
Major Highlights of the Report
The report amalgamates the ongoing state of affairs and growth of the market in the future years. Moreover, the market study is put forth by researchers by examining all the vital features that are impacting the future and the present upsurge of the global market. According to a new report published by Research Dive, the global peer-to-peer (P2P) lending market is projected to witness massive revenue generation and a healthy growth rate in the 2020-2027 estimated timeframe.
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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