The P2P lending industry is growing as a result of lower operating costs and more public knowledge of its advantages.
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.
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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:
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.
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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 by Business Model:
Peer-to-Peer Lending by Region:
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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.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Feb 14, 2024