Global peer-to-peer lending market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during forecast period.
Market Definition
Peer-to-peer or P2P lending is a process of lending money to individuals or businesses through online services that connects lenders with borrowers. There is no middleman (Financial institution) between lender and borrower.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Market Dynamics
The global peer-to-peer lending market research report provides a comprehensive analysis of growth drivers, restrain factor, challenges and future opportunities of the market. An increase in the adoption of online application and demand of technology traditional banking systems are driving the growth of market. P2P lending offers some benefits such as higher return to the investors, more accessible source of funding and lower interest rates are expected to drive the growth of market. Furthermore, P2P lending offers more flexibility than other types of lending platform.
Nevertheless, peer-to-peer lending comes with a few downsides such as credit risks, no insurance, no government protection and strict legal laws and regulations of the government, which could hamper the growth of market. Interest is no tax free is the major restrain factor that could hamper the growth of market.
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