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Peer-to-Peer Lending Market is Expected to Secure US$ 1.3 Trillion by 2032 | Report by FMI

The market’s expansion can be attributed to low operating costs and reduced market risk for lenders and borrowers. Increased digitization in the banking sector is expected to provide the market with significant market opportunities during the forecast period. The global peer-to-peer lending market is expected to reach US$ 1.3 trillion by 2032, up from US$ 407.2 billion in 2022. From 2022 to 2032, the market is expected to grow at a CAGR of 12.7%.

Furthermore, with the increased popularity of P2P lending, various end-users, such as real estate, are making effective use of it. Furthermore, increased collaboration initiatives by market participants are expected to benefit the market in the long run. For example, in May 2022, Fable Fintech, a leading provider of banking infrastructure, announced a strategic partnership with XeOPAR. XeOPAR is poised to capitalize on the Fable Growth Suite (Retail) by establishing its first P2P remittances corridor from the United Kingdom to India, as well as others in Southeast Asia, East Africa, West Africa, the United States, Singapore, and the Middle East.

As a result of such initiatives, the market is expected to grow significantly during the forecast period. Risks associated with peer-to-peer lending, on the other hand, are expected to limit market growth during the forecast period. Furthermore, with less knowledge about P2P lending, the market is expected to suffer. However, with rising development in APAC and an increase in the number of small business entities, the market will counteract the impediments, thereby supporting industry expansion.

Takeaways from the Market Research:

  • By 2032, the US market will be worth $568.2 billion.
  • From 2022 to 2032, the Chinese market will grow at an 11.3% CAGR.
  • Small businesses are expected to grow at a CAGR of 10.3% during the assessment period.
  • During the assessment period, the marketplace lending model segment will grow at a CAGR of 12.9%.
  • By 2032, the French market will be worth $39,7 billion.
  • From 2022 to 2032, S is expected to grow at a 14% CAGR.

Competitive Environment

Players in the global peer-to-peer lending market are focusing on expanding their global market presence through alternative distribution channels such as online sales. Prosper Marketplace, Inc., LendingClub Corporation, CommonBond Inc., Funding Circle Limited, and Upstart Network Inc. are among the market’s major players.

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