Peer-to-peer lending market is expected to gain a value of $1.14 trillion by 2031, TMR report

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  • The global peer-to-peer lending market is expected to grow at a CAGR of 29.3% during the period 2022-2031
  • Rising Regulatory and Government Support for Peer-to-Peer Lending Drives Notable Market Sales Growth
  • Growing use of peer-to-peer lending applications by retail investors from Asia Pacific strengthens the regional market

WILMINGTON, Del., October 12, 2022 /PRNewswire/ — The World peer-to-peer lending market is predicted to reach a value of $1.14,000,000,000 by 2031, according to a research report by Transparency Market Research (TMR). Further, peer-to-peer lending market forecast indicates that the market is expected to grow at a CAGR of 29.3% during the forecast period 2022-2031.

Government authorities in developing countries are promoting multiple peer-to-peer lending platforms by providing an appropriate and specific framework capable of protecting peer-to-peer lending providers from potential risks and supporting the industry, notes a TMR analysis that provides significant insights into peer-to-peer lending market share.

The UK’s Financial Conduct Authority has regulations in place for the peer-to-peer finance industry that can help address the risks and other typical characteristics associated with the industry. Apart from that, the government of France also provides notable support to the peer-to-peer investing industry by creating a comprehensive website that offers a directory of prominent online peer-to-peer lending projects. Additionally, the website also offers data on key industry activities along with back-office support.

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The peer-to-peer lending market in Asia Pacific is expected to maintain its leading position during the forecast period. The Asia Pacific The growth of the market is attributed to the increasing use of peer-to-peer lending apps by retail investors due to their higher yields compared to conventional financial institutions, according to state analysts TMR.

Leading peer-to-peer lending companies focus on expanding their business using various strategies such as mergers and acquisitions. Additionally, players are launching technologically advanced products to expand their product portfolios, says a TMR study that sheds light on the best peer-to-peer lending for investors. These factors are expected to contribute to the overall market growth, TMR analysts note.

Peer-to-peer lending market: key findings

  • The popularity of peer-to-peer investment solutions is growing among borrowers and investors around the world, as they offer easy loans and additional credit to small and medium-sized businesses. These solutions make lending money well organized compared to traditional digital lending platforms and financial organizations. In addition, peer-to-peer investment helps reduce operational costs using online platforms. Hence, the growing adoption of peer-to-peer lending due to these benefits is creating profitable prospects in the global peer-to-peer lending market, TMR analysts note.
  • The global peer-to-peer business lending market is expected to gain notable business opportunities over the forecast period owing to the various advantages of peer-to-peer lending such as lending transparency, rapid growth of medium and small businesses, improving interest rates, and lower market risks. That aside, TMR analysts note that the adoption of peer-to-peer lending is expected to increase in the near future with the growth of varied economies, with easy availability of credit.

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Peer-to-peer lending market: growth boosters

  • Adoption of peer-to-peer lending solutions is increasing due to their features such as better interest rates and easy access to loans, according to TMR analysis
  • Increasing regulatory and government support for peer-to-peer lending is expected to create significant expansion prospects in the market

Peer-to-peer lending market: key players

Some of the key players profiled in the report are:

  • Limited Funding Circle
  • real estate guru
  • LendingTree, LLC
  • Kabbage Inc.
  • loan box
  • lend
  • Peer form
  • Max Crowdfund BV
  • PYT FUND
  • Prosper Marketplace Inc.
  • Rendity GmbH
  • Rate fixer
  • Upstart Network Inc.

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Peer-to-peer lending market segmentation

  • Type
    • Personal loan
    • Business loan
  • Final user
    • Consumer
    • Small business
    • Student
    • Immovable

Regions covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United Statesis a global market information company that provides syndicated research reports and business advisory services. Our proprietary blend of quantitative forecasting and trend analysis delivers forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With broad research and analytical capability, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinctive datasets and research material for trade reports.

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