Peer-to-Peer Lending Market along with revenue and growth forecasts for the period from 2014 to 2024

Advancements in technology have allowed peer-to-peer lending platforms to acquaint investors directly with individuals or businesses looking for monetary help and equity financing. In 2015, the global peer-to-peer lending market was pegged at US$ 26.16 Bn and is anticipated to expand at a CAGR of 48.2% during the forecast period from 2016 to 2024. The peer-to-peer lending platforms are acting as an important finance source not only for individuals but also for small businesses to get instant loan approvals at reasonable interest rates. Furthermore, online interface allows borrowers to avail easy loans swiftly. Apparently, these factors are propelling the rapid development of the global peer-to-peer lending market

Government support for peer-to-peer lending platforms in the U.K. and the U.S is expected to act as a dominant force in driving the market. Governments in these countries have made specific and suitable framework to support the growth and ensure to protect the peer-to-peer lending providers from any potential risks. The growth of startups and small businesses in Asia Pacific countries such as China, Australia, and Japan has resulted in surging loan demand and therefore these countries are expected to emerge as lucrative markets for peer-to-peer lending

Request Sample Copy of the Report @ https://goo.gl/SrHweC

The global peer-to-peer lending market is segmented on the basis of end-users, business models, and geographies. The end-user peer-to-peer lending market is classified into consumer credit, small business, student loans, and real estate. In 2015, small business segment held the largest revenue share of around 38% of the global peer-to-peer lending market. Moreover, this segment is expected to expand at a CAGR of 48.8% from 2016 to 2024.

On the basis of business models, the market is segmented into traditional P2P model and marketplace lending model. In 2015, the marketplace lending model dominated the market with 74% of its revenue share. Furthermore, this segment is expected to expand at a CAGR of 50% from 2016 to 2024.

Read Complete Report @ http://www.mrrse.com/peer-to-peer-lending-market

Geographically, North America is the largest market for peer-to-peer lending. In 2015, the region accounted for around 44% of the global revenue share. Furthermore, Asia Pacific is anticipated to witness the fastest growth during the forecast period. China, Australia, India, and Japan are among the major markets for peer-to-peer lending in this region.

The leading players in peer-to-peer lending market are focusing on expanding the product portfolio and addressable population in order to expand their market share. Peer-to-peer lending operators, such as LendingClub Corporation, Prosper Marketplace, and CommonBond, are expanding their existing product portfolios with new and innovative offerings. Moreover, players such as CircleBack Lending and Social Finance etc. are focusing on raising funds to support competitive pricing.

Some of the major players in the global peer-to-peer lending market are LendingClub Corporation,

Prosper Marketplace, Inc., CommonBond Inc., Upstart Network Inc., Funding Circle Limited, CircleBack Lending, Inc., Peerform, Social Finance Inc., Pave, Inc., and Daric Inc.

Table of Content

1. Preface

2. Executive Summary

3. Global Peer-to-Peer Lending Market Analysis, 2014 – 2024 (US$ Bn)

4. North America Peer-to-Peer Lending Market Analysis, 2014 – 2024 (US$ Bn)

5. Europe Peer-to-Peer Lending Market Analysis, 2014 – 2024 (US$ Bn)

About MRRSE

MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.

Contact US:

Corporate Office

State Tower

90 State Street, Suite 700

Albany, NY 12207

United States

Tel: +1-518-730-0559

http://www.mrrse.com/

Email: sales@mrrse.com

%d bloggers like this: