Dublin, April 13, 2023 (GLOBE NEWSWIRE) -- The "Peer-to-Peer (P2P) Lending Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global peer-to-peer (P2P) lending market grew from $107.84 billion in 2022 to $143.64 billion in 2023 at a compound annual growth rate (CAGR) of 33.2%. The peer-to-peer (P2P) lending market is expected to grow to $419.7 billion in 2027 at a CAGR of 30.7%.
Increasing digitization in the banking industry is expected to propel the growth of the peer-to-peer lending market going forward. Digital innovation in the banking industry is transforming financial services such as mobile money, peer-to-peer (P2P), or marketplace lending.
For instance, in January 2022, according to a report shared by European Banking Supervision, a regulatory body established to maintain financial stability throughout the European Union's (EU) banking industry, the number of digital users has climbed by 23% since the beginning of the pandemic.
The emergence of decentralized P2P mobile browsers is a key trend gaining popularity in the peer-to-peer lending market. Major companies operating in the peer-to-peer (P2P) lending market are adopting decentralized P2P mobile browsers to increase their market share.
For instance, in March 2022, eQualitie, a Canadian digital security organization, launched CENO, the world's first decentralized P2P mobile browser, built particularly to avoid the censoring techniques used today. It also permits access in areas where connectivity has been disrupted. Although using CENO is similar to using a conventional mobile browser, it runs more reliably than other browsers because it uses a peer-to-peer (P2P) network and the open-source Ouinet library and BitTorrent protocols. The online content cannot be forcibly deleted by outside agents because it is decentralized via peer-to-peer routing.
North America was the largest region in the peer-to-peer (P2P) lending market in 2022. Aisa-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peer-to-peer (p2p) lending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the peer-to-peer (p2p) lending market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Scope
Markets Covered:
1) By Loan Type: Consumer Credit Loans; Small Business Loans; Student Loans; Real Estate Loans
2) By Business Model: Traditional Lending; Alternate Marketplace Lending
3) By End User: Business; Personal
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $143.64 billion |
| Forecasted Market Value (USD) by 2027 | $419.7 billion |
| Compound Annual Growth Rate | 30.7% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Peer-to-Peer (P2P) Lending Market Characteristics
3. Peer-to-Peer (P2P) Lending Market Trends And Strategies
4. Peer-to-Peer (P2P) Lending Market - Macro Economic Scenario
4.1. COVID-19 Impact On Peer-to-Peer (P2P) Lending Market
4.2. Ukraine-Russia War Impact On Peer-to-Peer (P2P) Lending Market
4.3. Impact Of High Inflation On Peer-to-Peer (P2P) Lending Market
5. Peer-to-Peer (P2P) Lending Market Size And Growth
5.1. Global Peer-to-Peer (P2P) Lending Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Peer-to-Peer (P2P) Lending Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Peer-to-Peer (P2P) Lending Market Segmentation
6.1. Global Peer-to-Peer (P2P) Lending Market, Segmentation By Loan Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Consumer Credit Loans
- Small Business Loans
- Student Loans
- Real Estate Loans
6.2. Global Peer-to-Peer (P2P) Lending Market, Segmentation By Business Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Traditional Lending
- Alternate Marketplace Lending
6.3. Global Peer-to-Peer (P2P) Lending Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Business
- Personal
7. Peer-to-Peer (P2P) Lending Market Regional And Country Analysis
7.1. Global Peer-to-Peer (P2P) Lending Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Peer-to-Peer (P2P) Lending Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
A selection of companies mentioned in this report includes
- Avant LLC.
- Funding Circle
- Kabbage Inc.
- Lending Club Corporation
- LendingTree LLC
- OnDeck
- Prosper Funding LLC
- CircleBack Lending Inc.
- Social Finance Inc
- Zopa Bank Limited
- Upstart Network Inc.
- Commonbond Inc.
- Retail Money Market Ltd.
- Peerform
For more information about this report visit https://www.researchandmarkets.com/r/h2mv9w
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