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P2P Lending Market Disrupted By Millennials Need For Short Term Credit

Published By: IndustryARC Published On : 22-May-2019

IndustryARC announced the publication of a new market research report on the P2P lending market. The report highlights that the consistent growth of small and medium-sized enterprises across the globe will continue to be the most prominent growth drivers for the P2P lending market. Traditionally, banks served as the sole financial institutions for the provision of loans but that have now been replaced by crowd-funding platforms, which function on the peer-to-peer lending system and connects lenders and borrowers. Thus, the P2P lending market has successfully bridged the gap between affluent lenders and insolvent borrowers, and is expected to expand with a CAGR of 4.95% during the forecast period 2019-2025.

The IndustryARC report titled ‘

P2P Lending Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2019 – 2025)

’ contains a substantial analysis of forces that have discreetly led to a subtle rise of P2P lending platforms in several countries around the world. Through the use of statistical information, the analyst has been able to evaluate the global P2P lending market size to be $279.6m in 2018..

P2P Lending Market: Competitive Landscape and Regional Analysis

‘After bearing heavy losses during the financial crisis in 2008, central banks of several countries, especially China, have delved into experimenting with alternative lending platforms that help banks in evading non-performing assets and maintaining their financial strength,’ states the analyst. Further analysis by the analyst includes a list of competitive players such as Upstart, Funding Circle, Prosper Lending, Lending Club, Peerform, Circleback Lending, Mintos, Grupeer, Zopa, LendingTree, SoFi, and Kiva who are operating in the P2P lending marketplace providing loans such as consumer credit loans, small business loans, student loans, and real estate loans..

China has been evaluated as the geographical leader of the global P2P lending market with a country-wide share of 69.47% in 2018. The rising number of micro, medium, and large enterprises in China has been the leading factor for the prosperity of the China peer-to-peer lending market. With the growth of internet and e-commerce platforms, P2P lending companies such as WeLab, and Ezubao have become prominent forms of alternative lending in the country. In 2018, People’s Bank of China started an initiative for making the fintech space devoid of fraudulent activities with the identification of genuine P2P companies, thus strengthening the market even further.

P2P Lending Market: Disruptive Trends

· 

Reception of NBFC status

Peer-to-peer lending companies have been officially recognized in some countries as non-banking financial companies. For example, in India, the Reserve Bank of India officially regulates these companies. This has made it easier for the growth of key market players in the P2P lending market as they can now assert their legal status in alternative lending.

· 

Festival Loans

During festivals and wedding occasions, a large number of individuals are in dire need of credit. P2P lending companies have capitalised on this opportunity and increased the provision of loans during the months of September to December.

· 

Gaining Trust of Banks

After witnessing the potential that P2P companies possess in the FinTech space, banks have stepped in several forms. Barclays Ltd., a popular international bank now owns a stake in RainFin which is a P2P lending company operating in South Africa. Similarly, Lending Club, a popular key market player has reported a sudden increase in banks as clients on their platform.

· 

Popularity amongst Millennials

Millennials are known for their proclivity towards investing in current circumstances instead of long term savings. Their perpetual need for short term credit has disrupted the P2P lending market and enabled different schemes that cater to their needs. Their inclination towards digital technology and ease of accessibility has also impacted the market.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://industryarc.com/support.php?id=19177

Related Reports:

Fintech Market

https://industryarc.com/Report/18381/fintech-market.html

What can you expect from the report?

The P2P Lending Market report is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Applications            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                               12. Country level Analysis

3. Manufacturer Landscape                                                     13. Competitor Analysis

4. Distributor Landscape                                                          14. Market Shares Analysis

5. Pricing Analysis                                                                   15. Value Chain Analysis

6. Top 10 End user Analysis                                                    16. Supply Chain Analysis

7. Product Benchmarking                                                         17. Strategic Analysis

8. Product Developments                                                         18. Current & Future Market Landscape                                                                                                           Analysis

9. Mergers & Acquisition Analysis                                            19. Opportunity Analysis

10. Patent Analysis                                                                    20. Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response

: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.

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https://industryarc.com/reports/request-quote?id=19177

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About IndustryARC

: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

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