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Peer-to-Peer Lending Market is Projected a Healthy CAGR of 12.7% from 2022 - 2032 | Report by FMI

Peer-to-Peer Lending Market is Projected a Healthy CAGR of 12.7% from 2022 - 2032 | Report by FMI

 

 
The growth of the market can be attributed to cheap operating costs and lessened market risk for lenders and borrowers. Increased digitization in the banking sector is expected to offer significant market opportunities to the market in the forecast period. The global peer-to-peer lending market is estimated at US$ 1.3 Trillion by the end of 2032 from US$ 407.2 Billion in 2022. The market is likely to exhibit a CAGR of 12.7% from 2022 to 2032.

Also, with the enhanced popularity of P2P lending, various end-users, such as real estate, are using it efficiently. In addition, increased initiatives by players to collaborate are expected to benefit the market in long run. For instance, in May 2022, Fable Fintech, an eminent banking infrastructure enterprise, announced its strategic partnership with XeOPAR. XeOPAR is ready to make the most of the Fable Growth Suite (Retail) by establishing its first P2P remittances corridor from the United Kingdom to India, among others in SE Asia, East Africa, West Africa, the USA, Singapore, and the Middle East.

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Owing to such initiatives, the market is anticipated to expand significantly in the forecast period. On the contrary, risks associated with peer-to-peer lending are expected to limit the market growth in the forecast period. Also, with less awareness about P2P lending, the market is expected to suffer. However, with rising development in APAC along with the increasing number of small business entities, the market will counter the inhibiting factors, thus, supporting the industry expansion.

Key Takeaways from the Market Study:

Market in the U.S to value US$ 568.2 Billion by 2032
Chinese market to expand at a CAGR of 11.3% from 2022- to 2032
By end-user, the small business segment is expected to exhibit a CAGR of 10.3% during the assessment period
The marketplace lending model segment to exhibit a CAGR of 12.9% in the assessment period
Market in France to garner US% 39.7 Billion by 2032
S to exhibit a CAGR of 14% from 2022 to 2032

Competitive Landscape

With the help of alternative distribution channels such as online sales, Players in the global peer-to-peer lending market are focusing to enhance their market presence across the globe. Major players in the market include Prosper Marketplace, Inc., LendingClub Corporation, CommonBond Inc., Funding Circle Limited, and Upstart Network Inc. among others.

In August 2021, CRED, an eminent player in the peer-to-peer lending market rolled out a new peer-to-peer lending platform called CRED Mint. It can be used as a cred-card repayment platform, and it allows members to earn interest on money by lending to other high-earning consumers.
In January 2021, LendingClub, an eminent peer-to-peer lending market player, announced the acquisition of Radius Bancorp, Inc, and its digital bank subsidiary to expand the revenue of the company.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global peer-to-peer lending market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Profiled in the Peer-to-Peer Lending Market Analysis

Peer-to-Peer Lending by End User:

Peer-to-Peer Lending for Consumer Credit
Peer-to-Peer Lending for Small Business
Peer-to-Peer Lending for Student Loans
Peer-to-Peer Lending for Real Estate

Peer-to-Peer Lending by Business Model:

Traditional Peer-to-Peer Lending Model
Marketplace Peer-to-Peer Lending Model

Peer-to-Peer Lending by Region:

North America Peer-to-Peer Lending Market
Europe Peer-to-Peer Lending Market
Asia Pacific Peer-to-Peer Lending Market
Middle East & Africa Peer-to-Peer Lending Market
Latin America Peer-to-Peer Lending Market

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Report Link: https://www.futuremarketinsights.com/reports/peer-to-peer-lending-market

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.


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