The article cited AMA's Global P2P Lending Market Study explored substantial growth with CAGR of 55.23%. According the report, Millennials have been attracted towards P2P Lending Services due to rising Trend in Investing and Digital Technologies is one of the primary growth factors for the market. Growing Demand from Developing Economies due to Low Market Risk and Operating Cost
is also expected to contribute significantly to the P2P Lending market. Overall, applications of P2P Lending, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as LendingClub Corporation (United States), Funding Circle Limited (United Kingdom), Prosper Marketplace, Inc. (United States), Daric (United States), Social Finance, Inc. (United States), Zopa Limited (United Kingdom), Avant, Inc. (United States), onDeck Capital, Inc. (United States), RateSetter (United Kingdom) and Kabbage, Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Interest Rate, such as 4.99 percent, is boosting the P2P Lending market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Business Model , such as Alternate Marketplace Lending, is boosting the P2P Lending market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Loan Type, such as Personal Loans, is boosting the P2P Lending market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Lenders, is boosting the P2P Lending market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global P2P Lending market identified that the demand is rising in many different parts of the world as "Rising Awareness of P2P lending across the Globe
". Furthermore, some recent industry insights like "In October 2023, LendingClub debuts its "AI-powered Personal Loan Portfolio Management" tool, enabling investors to optimize their loan selections based on personalized risk-return models." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of Awareness regarding Benefits Associated with P2P Lending"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of P2P Lending market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of P2P Lending market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the P2P Lending market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the P2P Lending market and other related sub-markets covered in the study.
o Key & emerging players in the P2P Lending market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall P2P Lending market size is calculated using market estimation process, the P2P Lending market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global P2P Lending market size has been validated using both top-down and bottom-up approaches.