Emerging Trends: Unveiling the $5.1 Billion Peer-To-Peer (P2P) Marketplace Boom in the US by 2032, Propelled by a 15.5% CAGR | FMI

According to Future Market Insights (FMI) Peer-to-Peer (P2P) marketplace market report, the global market demand is expected to increase at a CAGR of 15.5% from 2022 to 2032, driving the market size to US$ 1.2 billion in 2022 and US$ 5.1 billion by 2032.

According to FMI, increased internet-connected service penetration and digitization throughout the BFSI sector are projected to drive the market over the forecast year. These platforms enable peer-to-peer Fintech operations to be completed more quickly and provide real-time transaction capacity.

Countries with a high young population, such as China and India, benefit from social media. The world’s large unbanked and underbanked populations have driven the development of digital financial services accessible via smartphones, which stimulates the use of peer-to-peer marketplaces.

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Consumers favor m-commerce, and most governments have put policies in place to promote the expansion of the digital economy and digital infrastructure. As a result of digital payment, consumers’ social contacts, financial services, digital entertainment, everyday living services, and shopping habits are changing. In the next years, such factors are projected to improve sales in the peer-to-peer marketplace business.

The ongoing demand for loans and debts creates an opportunity for market participants to expand. Because India is becoming one of the world’s fastest-growing economies, internet companies are investing more in R&D to construct online platforms that are permitted by the Reserve Bank of India (RBI).

Such laws are essential to protect both lenders’ and borrowers’ interests. In terms of minimizing the risk of fraud and loan default, blockchain technology is proving to be a game changer. This technology also helps to improve the security of Fintech platforms. As a result, the popularity of peer-to-peer (P2P) marketplaces is predicted to skyrocket.

Key Takeaways: 

  • By platform type, FinTech P2P marketplaces segment is expected to grow at a CAGR of 18.2% in the global demand for Peer-to-Peer (P2P) marketplace during the forecast period 2022-2032.
  • By business model, the Business-to-Consumer (B2C) segment is anticipated to increase at a CAGR of 19.0% between 2022 & 2032.
  • By industry, the adoption of Peer-to-Peer (P2P) marketplace solution in BFSI segment is anticipated to increase at a CAGR of 17.7% between 2022 & 2032.
  • North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.

Competitive Landscape

The Peer-to-Peer (P2P) marketplace market is very competitive due to the presence of small and medium vendors offering Peer-to-Peer (P2P) marketplace solution globally. To increase their share in Peer-to-Peer (P2P) marketplace market, leading competitors are investing in product innovation and collaboration strategies.

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For instance:

  • In November 2021, Miralkl announced to development a digital marketplace to further the company’s reputation as a digitally-led omnichannel retailer. By allowing merchants to sell their products on bloomingdales.com and macys.com, the new marketplace will extend the company’s inventory in existing categories and brands, as well as introduce a variety of new categories.
  • In October 2021, Chetu announced its collaboration with PAX Technology, a payment solution provider, which has been added to the company’s global partner network to help PayFacs, ISOs/MSPs, PSPs, payment processors and payment gateway providers, develop distinctive payment experiences.

Peer-To-Peer (P2P) Marketplace Outlook By Category

By Platform Type:

  • eCommerce / Retail P2P Marketplaces
  • FinTech P2P Marketplaces
  • Rental P2P Marketplaces
  • Others

By Business Model:

  • Customer-to-Customer (C2C)
  • Business-to-Consumer (B2C)
  • Business-to-Business (B2B)

By Industry:

  • BFSI
  • Retail/eCommerce
  • Real Estate
  • Education
  • Travel & Hospitality
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Table of Content

1. Executive Summary | Peer-To-Peer (P2P) Marketplace Market

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Solution Innovation / Development Trends

4. Pricing Analysis

4.1. Types of Pricing Models, By P2P Platforms

4.2. Global Pricing Analysis Benchmark

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