Peer to Peer P2P Lending Market Size, Trends and Insights By Business Model (Traditional Lending, Alternate Marketplace Lending), By Loan Type (Consumer Credit Loans, Small Business Loans, Student Loans, Real Estate Loans), By End User (Business, Personal), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI26690

Published Date: July 2023

Pages: 220+

Category: Network Security

Report Snapshot

CAGR: 28.1%
75.8B
2022
130.3B
2023
621.3B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • LendingClub Corporation
  • Prosper Marketplace Inc.
  • Funding Circle Holdings plc
  • Upstart Network Inc.
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Peer to Peer P2P Lending Market is expected to record a CAGR of 28.1% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 75.8 billion. By 2032, the valuation is anticipated to reach USD 621.3 billion.

Top 10 Biggest Banks in The World (In Terms of Assets)

Bank Name Total Asset In Trillion $
Industrial and Commercial Bank of China Limited $5.50
China Construction Bank $4.70
Agricultural Bank of China $4.50
Bank of China $4.20
JPMoragan Chase $3.30
BNP Paribas $2.90
China Development Bank $2.69
Bank of America $2.50
Mitsubishi UFJ Financial Group $2.35
Credit Agicole $2.34
Source: According to CMI Market Research Team Analysis

The P2P Lending Market refers to the online financial platform where individuals and businesses can borrow and lend funds directly without traditional intermediaries. Its nature is characterized by user-centricity, leveraging technology for efficient loan matching and processing. Trends in the market include the adoption of AI-driven credit assessment, mobile lending apps, and personalized loan products.

Financial inclusion initiatives are also gaining traction, catering to underserved populations. The market’s continuous growth and disruptive potential underscore its significance in reshaping the lending landscape worldwide.

Peer to Peer P2P Lending Market – Significant Growth Factors

The P2P Lending Market presents significant growth opportunities due to several factors:

  • Technological Advancements: The rapid progress in digital technologies, AI algorithms, and big data analytics has significantly transformed P2P lending platforms, streamlining the loan application process, risk assessment, and borrower-lender matching. This integration of advanced technologies has resulted in a more efficient and user-friendly lending experience, attracting both borrowers and investors to participate in the market.
  • Attractive Returns: P2P lending has emerged as an appealing investment opportunity for individuals seeking higher returns than traditional investment options. Investors are drawn to the potential for competitive yields by diversifying their investment portfolios across multiple loans, spreading risk effectively while contributing to the growth of the P2P lending market.
  • Global Expansion: As the P2P lending market continues to gain traction, there is a significant opportunity for platforms to expand their services into new geographical markets. By entering untapped regions, P2P lending platforms can cater to the growing demand for alternative lending solutions and explore fresh avenues for growth and market penetration.
  • Collaborations with Institutions: Strategic partnerships with established financial institutions and banks present promising opportunities for P2P lending platforms. Such collaborations allow platforms to access additional capital, enhance their risk management capabilities, and leverage the existing customer base of the partnering institutions, ultimately driving further growth and credibility in the market.
  • Regulation and Compliance: A crucial opportunity for the P2P lending market lies in establishing clear and favorable regulatory frameworks. Adherence to well-defined regulations can instill investor confidence and foster the market’s growth. P2P lending platforms can work with regulators to strike the right balance between innovation and consumer protection, creating a trusted and transparent lending ecosystem for borrowers and investors alike.

Peer to Peer P2P Lending Market – Mergers and Acquisitions

The P2P Lending Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the P2P Lending Market include:

  • Funding Circle and INTRUST Bank (2019): Funding Circle, a prominent P2P lending platform, partnered with INTRUST Bank to enhance its loan origination capabilities. The collaboration enabled INTRUST Bank to leverage Funding Circle’s advanced technology and underwriting expertise to increase loan offerings and diversify its lending portfolio.
  • LendingClub and Marcus by Goldman Sachs (2021): LendingClub formed a strategic partnership with Marcus, Goldman Sachs’ consumer banking division. The collaboration aimed to provide Marcus customers with access to LendingClub’s P2P lending platform, offering them additional borrowing options and enhancing LendingClub’s customer base.
  • Funding Circle and Stripe (2021): Funding Circle partnered with Stripe, a global payment processing platform. The collaboration aimed to offer fast and seamless funding solutions to Stripe’s small business customers, leveraging Funding Circle’s P2P lending expertise and strengthening Stripe’s ecosystem of financial services.
  • CircleBack Lending and Investor Group (2019): CircleBack Lending was acquired by an investor group, enabling the platform to undergo restructuring and improve its lending operations. The acquisition aimed to revitalize CircleBack Lending’s market position and explore potential growth opportunities in the P2P lending landscape.
  • SoFi and Galileo Financial Technologies (2021): SoFi completed the acquisition of Galileo Financial Technologies, a payments platform. The acquisition aimed to enhance SoFi’s technological capabilities, expand its suite of financial products, and improve the overall user experience for P2P lending participants and customers.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the P2P Lending Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

P2P Lending Market Mitigation Banking Market Litigation Funding Investment Market
CAGR 28.1% (Approx) CAGR 14.7% (Approx) CAGR 9% (Approx)
USD 621.3 Billion by 2032 USD 16.1 Billion by 2030 USD 25.8 Billion by 2030

Peer to Peer P2P Lending Market – Significant Threats

The P2P Lending Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Regulatory Risks: P2P lending platforms face significant threats from evolving regulatory environments. Changes in financial regulations or uncertain legal frameworks could impact their operations, compliance costs, and ability to attract investors and borrowers. Adapting to varying regulatory requirements and ensuring compliance is crucial to mitigating this threat.
  • Economic Downturns: Due recessions pose a significant threat to the P2P lending market. During periods of economic instability, borrower default rates may increase, and investor confidence could decline. As a result, P2P lending platforms may experience reduced loan demand and face challenges in attracting new investors.
  • Cybersecurity Vulnerabilities: P2P lending platforms handle sensitive financial and personal data, making them potential targets for cyberattacks. Security breaches and data theft could harm investor trust, lead to financial losses, and damage the reputation of P2P lending platforms. Robust cybersecurity measures and ongoing monitoring are vital to safeguarding the integrity of the market and protecting stakeholders’ interests.
  • Credit Risk and Default Rates: P2P lending is inherently exposed to credit risk, as borrowers may default on their loans. High default rates could lead to financial losses for investors and affect the overall stability of the market. Effective risk assessment and underwriting practices are essential to managing credit risk in the P2P lending landscape.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 130.3 Billion
Projected Market Size in 2032 USD 621.3 Billion
Market Size in 2022 USD 75.8 Billion
CAGR Growth Rate 28.1% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Business Model, Loan Type, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Business Model:

  • Traditional Lending: Traditional lending refers to the conventional model of borrowing and lending where financial institutions, such as banks, directly provide loans to borrowers. In the P2P lending market, traditional lending involves the participation of banks alongside individual investors. The trend in traditional lending includes collaborations between banks and P2P lending platforms to offer borrowers a wider range of lending options.
  • Alternate Marketplace Lending: Alternate marketplace lending, also known as peer-to-peer lending, operates through online platforms that connect borrowers directly with individual investors. This model bypasses traditional financial intermediaries, allowing borrowers to access loans quickly and investors to earn attractive returns. The trend in alternate marketplace lending involves the adoption of advanced technologies, improved risk assessment algorithms, and increased regulatory oversight to enhance transparency and investor protection.

Global Peer to Peer P2P Lending Market 2023–2032 (By Billion)

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By Loan Type

  • Consumer Credit Loans: P2P lending platforms facilitate consumer credit loans, where individuals borrow funds for personal purposes like debt consolidation, home improvement, or major purchases. Rising demand for convenient and affordable credit options drives growth in this loan type.
  • Small Business Loans: P2P lending provides small businesses with access to capital for expansion, working capital, or equipment financing. The P2P market’s speed and flexibility attract entrepreneurs seeking faster funding alternatives compared to traditional bank loans.
  • Student Loans: P2P lending platforms offer student loans to finance higher education expenses. With rising tuition costs and limited financial aid, students seek P2P loans as an accessible and competitive option for educational financing.
  • Real Estate Loans: P2P lending also enters the real estate market, offering property developers and investors access to real estate loans for purchasing or refinancing properties. The P2P platform’s efficiency and diverse investor base contribute to the growing popularity of real estate loans in the market.

By End User

  • Business: In the P2P Lending Market, the business end user refers to small and medium-sized enterprises (SMEs) seeking financing outside traditional banking channels. P2P lending platforms provide a platform for businesses to access funds directly from individual lenders, offering flexible loan options and streamlined loan processing.
  • Personal: The personal end user in the P2P Lending Market comprises individuals seeking personal loans for various purposes, such as debt consolidation, home improvement, or education expenses. P2P lending platforms connect borrowers directly with individual lenders, providing convenient and accessible loan options tailored to their personal financial needs.

Global Peer to Peer P2P Lending Market 2023–2032 (By Business Model)

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Peer to Peer P2P Lending Market – Regional Analysis

The P2P Lending Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the P2P Lending Market is witnessing a trend towards greater regulatory clarity and mainstream adoption. As the market matures, regulatory frameworks have been established to ensure investor protection and platform accountability. The region’s well-developed financial infrastructure and tech-savvy population contribute to the market’s growth. Key players in North America include LendingClub, Prosper Marketplace, and SoFi, which have established strong positions in the P2P lending landscape.
  • Europe: In Europe, the P2P Lending Market is experiencing a trend towards cross-border lending and financial inclusion. The European Union’s harmonized regulations have facilitated P2P lending platforms’ expansion across borders, providing borrowers with access to diverse funding sources. Additionally, platforms are focusing on providing services to underserved communities and promoting financial inclusion. Leading P2P lending platforms in Europe include Funding Circle, Zopa, and Bondora, which have garnered significant market share through innovative lending solutions.
  • Asia-Pacific: In the Asia-Pacific region, the P2P Lending Market is characterized by rapid growth and increasing demand for alternative lending solutions. The region’s large population, rising internet penetration, and favorable regulatory environments have driven P2P lending platforms’ popularity. Digital payment infrastructure advancements further support market growth. Key players in Asia-Pacific include China’s Lufax, India’s Faircent, and Indonesia’s Modalku (Funding Societies), which lead the P2P lending industry in their respective markets.
  • LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the P2P Lending Market is witnessing a trend towards addressing financial inclusion challenges. P2P lending platforms are extending their services to underserved populations, including unbanked individuals and small businesses, providing them with access to credit opportunities. Collaborations with financial institutions are also on the rise to promote financial inclusion. Notable players in the LAMEA region include RainFin (South Africa), Weeleo (Brazil), and Beehive (UAE), which are driving financial inclusion efforts in their respective regions.

Global Peer to Peer P2P Lending Market 2023–2032 (By End User)

www.custommarketinsight.com

Competitive Landscape – P2P Lending Market

The P2P Lending Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • LendingClub Corporation
  • Prosper Marketplace Inc.
  • Funding Circle Holdings plc
  • Upstart Network Inc.
  • SoFi Lending Corp
  • Zopa Limited
  • Avant LLC
  • Peerform, Inc.
  • CircleBack Lending Inc.
  • RateSetter Australia Pty Ltd
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, In 2021, Eventbrite, a leading event management platform, partnered with Zoom, a popular video conferencing platform, to integrate their services and provide seamless virtual event experiences. This partnership enables event organizers to easily manage and host online events, expanding the reach and accessibility of virtual gatherings.

Several new players have entered the P2P Lending Market with innovative approaches and developments. These new entrants leverage advanced technologies, such as virtual and augmented reality, to enhance attendee experiences and offer unique event solutions. They also focus on sustainability, incorporating eco-friendly practices and promoting socially responsible events.

However, the P2P Lending Market is primarily dominated by key players with established market presence and extensive resources. These dominant players have a wide network, strong industry partnerships, and a proven track record of successful event management. Their market dominance is reinforced by their ability to deliver comprehensive event solutions, attract top clients, and provide end-to-end event planning and execution services.

The P2P Lending Market is segmented as follows:

By Business Model

  • Traditional Lending
  • Alternate Marketplace Lending

By Loan Type

  • Consumer Credit Loans
  • Small Business Loans
  • Student Loans
  • Real Estate Loans

By End User

  • Business
  • Personal

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global P2P Lending Market, (2023 – 2032) (USD Billion)
    • 2.2 Global P2P Lending Market : snapshot
  • Chapter 3. Global P2P Lending Market – Industry Analysis
    • 3.1 P2P Lending Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Technological Advancements
      • 3.2.2 Attractive Returns
      • 3.2.3 Global Expansion
      • 3.2.4 Collaborations with Institutions
      • 3.2.5 Regulation and Compliance.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Business Model
      • 3.7.2 Market attractiveness analysis By Loan Type
      • 3.7.3 Market attractiveness analysis By End User
  • Chapter 4. Global P2P Lending Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global P2P Lending Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global P2P Lending Market – Business Model Analysis
    • 5.1 Global P2P Lending Market overview: By Business Model
      • 5.1.1 Global P2P Lending Market share, By Business Model, 2022 and 2032
    • 5.2 Traditional Lending
      • 5.2.1 Global P2P Lending Market by Traditional Lending, 2023 – 2032 (USD Billion)
    • 5.3 Alternate Marketplace Lending
      • 5.3.1 Global P2P Lending Market by Alternate Marketplace Lending, 2023 – 2032 (USD Billion)
  • Chapter 6. Global P2P Lending Market – Loan Type Analysis
    • 6.1 Global P2P Lending Market overview: By Loan Type
      • 6.1.1 Global P2P Lending Market share, By Loan Type, 2022 and 2032
    • 6.2 Consumer Credit Loans
      • 6.2.1 Global P2P Lending Market by Consumer Credit Loans, 2023 – 2032 (USD Billion)
    • 6.3 Small Business Loans
      • 6.3.1 Global P2P Lending Market by Small Business Loans, 2023 – 2032 (USD Billion)
    • 6.4 Student Loans
      • 6.4.1 Global P2P Lending Market by Student Loans, 2023 – 2032 (USD Billion)
    • 6.5 Real Estate Loans
      • 6.5.1 Global P2P Lending Market by Real Estate Loans, 2023 – 2032 (USD Billion)
  • Chapter 7. Global P2P Lending Market – End User Analysis
    • 7.1 Global P2P Lending Market overview: By End User
      • 7.1.1 Global P2P Lending Market share, By End User, 2022 and 2032
    • 7.2 Business
      • 7.2.1 Global P2P Lending Market by Business, 2023 – 2032 (USD Billion)
    • 7.3 Personal
      • 7.3.1 Global P2P Lending Market by Personal, 2023 – 2032 (USD Billion)
  • Chapter 8. P2P Lending Market – Regional Analysis
    • 8.1 Global P2P Lending Market Regional Overview
    • 8.2 Global P2P Lending Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America P2P Lending Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America P2P Lending Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America P2P Lending Market, by Business Model, 2023 – 2032
      • 8.4.1 North America P2P Lending Market, by Business Model, 2023 – 2032 (USD Billion)
    • 8.5 North America P2P Lending Market, by Loan Type, 2023 – 2032
      • 8.5.1 North America P2P Lending Market, by Loan Type, 2023 – 2032 (USD Billion)
    • 8.6 North America P2P Lending Market, by End User, 2023 – 2032
      • 8.6.1 North America P2P Lending Market, by End User, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe P2P Lending Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe P2P Lending Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe P2P Lending Market, by Business Model, 2023 – 2032
      • 8.8.1 Europe P2P Lending Market, by Business Model, 2023 – 2032 (USD Billion)
    • 8.9 Europe P2P Lending Market, by Loan Type, 2023 – 2032
      • 8.9.1 Europe P2P Lending Market, by Loan Type, 2023 – 2032 (USD Billion)
    • 8.10 Europe P2P Lending Market, by End User, 2023 – 2032
      • 8.10.1 Europe P2P Lending Market, by End User, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific P2P Lending Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific P2P Lending Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific P2P Lending Market, by Business Model, 2023 – 2032
      • 8.12.1 Asia Pacific P2P Lending Market, by Business Model, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific P2P Lending Market, by Loan Type, 2023 – 2032
      • 8.13.1 Asia Pacific P2P Lending Market, by Loan Type, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific P2P Lending Market, by End User, 2023 – 2032
      • 8.14.1 Asia Pacific P2P Lending Market, by End User, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America P2P Lending Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America P2P Lending Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America P2P Lending Market, by Business Model, 2023 – 2032
      • 8.16.1 Latin America P2P Lending Market, by Business Model, 2023 – 2032 (USD Billion)
    • 8.17 Latin America P2P Lending Market, by Loan Type, 2023 – 2032
      • 8.17.1 Latin America P2P Lending Market, by Loan Type, 2023 – 2032 (USD Billion)
    • 8.18 Latin America P2P Lending Market, by End User, 2023 – 2032
      • 8.18.1 Latin America P2P Lending Market, by End User, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa P2P Lending Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa P2P Lending Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa P2P Lending Market, by Business Model, 2023 – 2032
      • 8.20.1 The Middle-East and Africa P2P Lending Market, by Business Model, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa P2P Lending Market, by Loan Type, 2023 – 2032
      • 8.21.1 The Middle-East and Africa P2P Lending Market, by Loan Type, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa P2P Lending Market, by End User, 2023 – 2032
      • 8.22.1 The Middle-East and Africa P2P Lending Market, by End User, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 LendingClub Corporation
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Prosper Marketplace Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Funding Circle Holdings plc
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Upstart Network Inc.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 SoFi Lending Corp
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Zopa Limited
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Avant LLC
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Peerform
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 RateSetter Australia Pty Ltd
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 CircleBack Lending Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 24

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • LendingClub Corporation
  • Prosper Marketplace Inc.
  • Funding Circle Holdings plc
  • Upstart Network Inc.
  • SoFi Lending Corp
  • Zopa Limited
  • Avant LLC
  • Peerform, Inc.
  • CircleBack Lending Inc.
  • RateSetter Australia Pty Ltd
  • Others

FAQs

The key factors driving the Market are Technological Advancements, Attractive Returns, Global Expansion, Collaborations with Institutions And Regulation and Compliance.

The “Business Model” category dominated the market in 2022

The key players in the market are LendingClub Corporation, Prosper Marketplace Inc., Funding Circle Holdings plc, Upstart Network Inc., SoFi Lending Corp, Zopa Limited, Avant LLC, Peerform, Inc., CircleBack Lending Inc., RateSetter Australia Pty Ltd, Others.

“North America” had the largest share in the P2P Lending Market.

The global market is projected to grow at a CAGR of 28.1% during the forecast period, 2023-2032.

The P2P Lending Market size was valued at USD 75.8 Billion in 2022.

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