With a Compound Annual Growth Rate (CAGR) of 12.7%, the worldwide peer-to-peer (P2P) lending industry is expected to reach a significant milestone, with a projected market size of $1.3 trillion by the end of the 2022–2032 projection period. The market has grown significantly from $274.4 billion in 2021 to a healthy $407.2 billion in 2022, representing a 48.3% year-over-year increase.

The P2P lending industry is growing as a result of lower operating costs and more public knowledge of its advantages. P2P lending is becoming more and more popular with a wide range of end users, and in the years to come, the sector is expected to develop significantly.

Request a Sample of this Report :
https://www.futuremarketinsights.com/reports/sample/rep-gb-14675

Owing to such initiatives, the market is anticipated to expand significantly in the forecast period. On the contrary, risks associated with peer-to-peer lending are expected to limit the market growth in the forecast period. Also, with less awareness about P2P lending, the market is expected to suffer.

However, with rising development in APAC along with the increasing number of small business entities, the market will counter the inhibiting factors, thus, supporting the industry expansion.

Key Takeaways from the Market Study:

  • Market in the U.S to value US$ 568.2 Billion by 2032
  • Chinese market to expand at a CAGR of 11.3% from 2022- to 2032
  • By end-user, the small business segment is expected to exhibit a CAGR of 10.3% during the assessment period
  • The marketplace lending model segment to exhibit a CAGR of 12.9% in the assessment period
  • Market in France to garner US% 39.7 Billion by 2032
  • S to exhibit a CAGR of 14% from 2022 to 2032

Competitive Landscape

With the help of alternative distribution channels such as online sales, Players in the global peer-to-peer lending market are focusing to enhance their market presence across the globe. Major players in the market include Prosper Marketplace, Inc., LendingClub Corporation, CommonBond Inc., Funding Circle Limited, and Upstart Network Inc. among others.

  • In August 2021, CRED, an eminent player in the peer-to-peer lending market rolled out a new peer-to-peer lending platform called CRED Mint. It can be used as a cred-card repayment platform, and it allows members to earn interest on money by lending to other high-earning consumers.
  • In January 2021, LendingClub, an eminent peer-to-peer lending market player, announced the acquisition of Radius Bancorp, Inc, and its digital bank subsidiary to expand the revenue of the company.

Empower Your Strategy: Acquire Our Comprehensive Report Today.
https://www.futuremarketinsights.com/checkout/14675

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global peer-to-peer lending market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Profiled in the Peer-to-Peer Lending Market Analysis

Peer-to-Peer Lending by End User:

  • Peer-to-Peer Lending for Consumer Credit
  • Peer-to-Peer Lending for Small Business
  • Peer-to-Peer Lending for Student Loans
  • Peer-to-Peer Lending for Real Estate

Peer-to-Peer Lending by Business Model:

  • Traditional Peer-to-Peer Lending Model
  • Marketplace Peer-to-Peer Lending Model

Peer-to-Peer Lending by Region:

  • North America Peer-to-Peer Lending Market
  • Europe Peer-to-Peer Lending Market
  • Asia Pacific Peer-to-Peer Lending Market
  • Middle East & Africa Peer-to-Peer Lending Market
  • Latin America Peer-to-Peer Lending Market

Request for Methodology:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14675

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

 

Leave a comment

Your email address will not be published. Required fields are marked *