Market Overview:
The global peer-to-peer lending platforms market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for personal loans, home improvement loans, auto loans, student loans, medical loans and business loans. In addition, the growing popularity of cloud-based peer-to-peer lending platforms is also contributing to the growth of this market. However, lack of awareness about these platforms among consumers may restrain the growth of this market during the forecast period.
Product Definition:
Peer-to-peer lending platforms are online marketplaces that allow investors to lend money to borrowers. These platforms can be used to finance a wide variety of projects, including small businesses, real estate investments, and consumer loans. Peer-to-peer lending platforms are important because they provide an alternative way for borrowers to get financing and for investors to earn returns on their investment.
Cloud Based:
Cloud-based solutions are becoming increasingly popular among small and medium enterprises (SMEs) as they can easily deploy virtual machines to run various applications. The shift of many organizations from traditional hosting to cloud deployment is expected to drive the growth of the global market over the forecast period.
The demand for cloud-based platforms has grown exponentially in recent years owing to its cost effectiveness, scalability, flexibility.
On-premises:
On-premises is a term used for the software and hardware systems that are present on the end users premises. The system can be in physical form with the end user or can be a virtual system. It is also known as client-based Lending Platform (CLP).
Application Insights:
The market is segmented based on application into personal loans, home improvement loans, auto loans, student loans, and medical & business loans. The personal loan segment dominated the overall industry in 2017 owing to increasing demand for short-term credit solutions among consumers globally. This can be attributed to a rise in disposable income among individuals coupled with an increase in spending on various goods and services such as travel and entertainment as well as luxury items such as automobiles.
Peer-to-peer lending platforms have enabled small businesses to access funding by providing them with an online platform through which they can connect directly with investors who are prepared to fund their projects or enterprises. Furthermore, P2P platforms offer investment opportunities across different industries including real estate investing & mortgages (housing), energy generation & storage (utilities), agriculture equipment financing (farm machinery) amongst others that cater to varied needs of borrowers globally thereby driving the growth of this segment over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to a large number of P2P platforms operating in countries such as China and India, which offer greater potential for growth. Moreover, increasing internet penetration and mobile phone usage has led to an increase in demand for financial services among all income groups, thus fueling regional market growth.
The European market is anticipated to witness considerable growth over the forecast period owing to factors such as technological advancements and increased adoption of cloud-based solutions amongst peer-to-peer lenders. Furthermore, regulatory reforms are also likely to play a crucial role by allowing more flexible practices across different sectors including education loans and business loans among others thus boosting regional demand for P2P lending platforms over the next eight years (2018 - 2030).
Growth Factors:
- Increasing demand for alternative financing options: The traditional banking system has been unable to meet the growing demand for financing, especially from small businesses and startups. This has led to a rise in the popularity of peer-to-peer lending platforms as an alternative source of financing.
- Rising interest rates: With interest rates on traditional loans rising, borrowers are increasingly turning to peer-to-peer lending platforms as a more affordable option.
- Growing awareness about P2P lending: As more people become aware of the benefits of P2P lending, the market is expected to grow at a faster rate.
- Technological advancements: The growth of online and mobile platforms has made it easier for borrowers and lenders to connect with each other, thus driving growth in the peer-to-peer lending market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Peer-to-peer Lending Platforms Market Research Report
By Type
Cloud Based, On-premises
By Application
Personal Loans, Home Improvement Loans, Auto Loans, Student Loans, Medical Loans, Business Loans
By Companies
Peerform, LendingClub, Upstart, Prosper, Funding Circle, Payoff, StreetShares, Zopa, Mintos, RateSetter, Sharestates, Credimi, Twino, Fellow Finance, Bondora, Peerberry, Estateguru, VIAINVEST, Robocash, IUVO Group, Lend, BorsadelCredito
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Peer-to-peer Lending Platforms Market Report Segments:
The global Peer-to-peer Lending Platforms market is segmented on the basis of:
Types
Cloud Based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Loans, Home Improvement Loans, Auto Loans, Student Loans, Medical Loans, Business Loans
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Peerform
- LendingClub
- Upstart
- Prosper
- Funding Circle
- Payoff
- StreetShares
- Zopa
- Mintos
- RateSetter
- Sharestates
- Credimi
- Twino
- Fellow Finance
- Bondora
- Peerberry
- Estateguru
- VIAINVEST
- Robocash
- IUVO Group
- Lend
- BorsadelCredito
Highlights of The Peer-to-peer Lending Platforms Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On-premises
- By Application:
- Personal Loans
- Home Improvement Loans
- Auto Loans
- Student Loans
- Medical Loans
- Business Loans
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Peer-to-peer Lending Platforms Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Peer-to-peer lending platforms are online platforms that allow people to borrow money from other people. The platform matches borrowers and lenders, and then allows the borrowing and lending to take place through the use of a digital currency, such as Bitcoin.
Some of the major players in the peer-to-peer lending platforms market are Peerform, LendingClub, Upstart, Prosper, Funding Circle, Payoff, StreetShares, Zopa, Mintos, RateSetter, Sharestates, Credimi, Twino, Fellow Finance, Bondora, Peerberry, Estateguru, VIAINVEST, Robocash, IUVO Group, Lend, BorsadelCredito.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Peer-to-peer Lending Platforms Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Peer-to-peer Lending Platforms Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Peer-to-peer Lending Platforms Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Peer-to-peer Lending Platforms Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Peer-to-peer Lending Platforms Market Size & Forecast, 2018-2028
4.5.1 Peer-to-peer Lending Platforms Market Size and Y-o-Y Growth
4.5.2 Peer-to-peer Lending Platforms Market Absolute $ Opportunity
Chapter 5 Global Peer-to-peer Lending Platforms Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Peer-to-peer Lending Platforms Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Peer-to-peer Lending Platforms Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Peer-to-peer Lending Platforms Market Size Forecast by Applications
6.2.1 Personal Loans
6.2.2 Home Improvement Loans
6.2.3 Auto Loans
6.2.4 Student Loans
6.2.5 Medical Loans
6.2.6 Business Loans
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Peer-to-peer Lending Platforms Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Peer-to-peer Lending Platforms Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Peer-to-peer Lending Platforms Analysis and Forecast
9.1 Introduction
9.2 North America Peer-to-peer Lending Platforms Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Peer-to-peer Lending Platforms Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Peer-to-peer Lending Platforms Market Size Forecast by Applications
9.10.1 Personal Loans
9.10.2 Home Improvement Loans
9.10.3 Auto Loans
9.10.4 Student Loans
9.10.5 Medical Loans
9.10.6 Business Loans
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Peer-to-peer Lending Platforms Analysis and Forecast
10.1 Introduction
10.2 Europe Peer-to-peer Lending Platforms Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Peer-to-peer Lending Platforms Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Peer-to-peer Lending Platforms Market Size Forecast by Applications
10.10.1 Personal Loans
10.10.2 Home Improvement Loans
10.10.3 Auto Loans
10.10.4 Student Loans
10.10.5 Medical Loans
10.10.6 Business Loans
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Peer-to-peer Lending Platforms Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Peer-to-peer Lending Platforms Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Peer-to-peer Lending Platforms Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Peer-to-peer Lending Platforms Market Size Forecast by Applications
11.10.1 Personal Loans
11.10.2 Home Improvement Loans
11.10.3 Auto Loans
11.10.4 Student Loans
11.10.5 Medical Loans
11.10.6 Business Loans
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Peer-to-peer Lending Platforms Analysis and Forecast
12.1 Introduction
12.2 Latin America Peer-to-peer Lending Platforms Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Peer-to-peer Lending Platforms Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Peer-to-peer Lending Platforms Market Size Forecast by Applications
12.10.1 Personal Loans
12.10.2 Home Improvement Loans
12.10.3 Auto Loans
12.10.4 Student Loans
12.10.5 Medical Loans
12.10.6 Business Loans
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Peer-to-peer Lending Platforms Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Peer-to-peer Lending Platforms Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Peer-to-peer Lending Platforms Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Peer-to-peer Lending Platforms Market Size Forecast by Applications
13.10.1 Personal Loans
13.10.2 Home Improvement Loans
13.10.3 Auto Loans
13.10.4 Student Loans
13.10.5 Medical Loans
13.10.6 Business Loans
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Peer-to-peer Lending Platforms Market: Competitive Dashboard
14.2 Global Peer-to-peer Lending Platforms Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Peerform
14.3.2 LendingClub
14.3.3 Upstart
14.3.4 Prosper
14.3.5 Funding Circle
14.3.6 Payoff
14.3.7 StreetShares
14.3.8 Zopa
14.3.9 Mintos
14.3.10 RateSetter
14.3.11 Sharestates
14.3.12 Credimi
14.3.13 Twino
14.3.14 Fellow Finance
14.3.15 Bondora
14.3.16 Peerberry
14.3.17 Estateguru
14.3.18 VIAINVEST
14.3.19 Robocash
14.3.20 IUVO Group
14.3.21 Lend
14.3.22 BorsadelCredito
