March 28, 2020

Cloud based peer-to-peer lending apps and software are expected to grow at a higher CAGR during the forecast period

According to a new market research report published by Credence Research “Global Peer-to-peer Lending Apps Market (Component (Software, Services) Deployment Model (Cloud, On-premise), Business Model (Alternate Marketplace Lending, Traditional Lending)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027

The overall peer-to-peer lending Apps/Software market worldwide is set to grow with a CAGR of more than 52% during the forecast period from 2019 to 2027. 

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Peer-to-peer Lending Apps Market

Market Insights:

The global peer-to-peer lending Apps / Software market is driven highly by the financial sector paradigm shift. The growing financial model of crowd financing and marketplace lending is drastically reshaping the worldwide financial industry. This change has resulted in the development and launch of new and innovative products which provide alternative financing models for financial institutions, ranging from market lending, P2P lending to equity crowd funding.

Large number of information technology companies are designing new solutions to address the needs of this technology based financial sector. This paradigm shift in the financial sector is the major factor driving the demand for peer-to-peer lending apps and software. Furthermore, growing demand for virtual money and virtual financial transactions also fuels the growth of peer-to-peer lending apps and software market across the globe. Moreover, increasing number of P2P lenders and availability of easy transaction platforms also facilitates the growth this market. 

Though this is a lucrative market segment, risk of losing the money, threat of false doing, lack of awareness of p2p lending benefits among general population and higher government limitations are the factors restraining the growth of this market during the forecast period. 

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Based on deployment model, the peer-to-peer lending Apps/Software market is segmented into cloud based and on-premise models. The cloud based model is expected to witness high growth during the forecast period. Increasing adoption of cloud-based model in financial industry, growing number of cloud lenders, and advantages provided by cloud based peer-to-peer lending software such as reduction in approval time from hours to minutes are expected to drive the growth of this market during the forecast period. Based on the geography, North America dominates the peer to peer lending Apps/Software market based on the factors such as increasing number of new product developments and growing investments in technological advancements, and improving financial sector in this region. 

Additionally, growing adoption of virtual money and virtual transaction methods is also contributing to the extraordinary market share. Though developed regions have a high market share, emerging market offer substantial growth opportunities to the players operating locally or internationally. Based on the growing demand for advanced technologies, government support to adopt digital tools for financial transactions and expansion of international players in this region, emerging countries are offering significant growth opportunities to the players. Moreover, local companies in this region are attracting much investment to develop and deploy peer-to-peer lending apps and software to local and international customers. 

Some of the major companies profiled in the report include Turnkey Lender, AIS Technolabs, Profile Software, Lending Software, Ahsan Technologies, HiEnd Systems, Lending Club, AIS Technolabs, Habile Technologies, and SoFi among others.

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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Peer to Peer (P2P) Lending Apps Market
2.2 Global Peer to Peer (P2P) Lending Apps Market, By Component, 2018 (US$ Bn)
2.3 Global Peer to Peer (P2P) Lending Apps Market, By Deployment Model, 2018 (US$ Bn)
2.4 Global Peer to Peer (P2P) Lending Apps Market, By Business Model, 2018 (US$ Bn)
2.5 Global Peer to Peer (P2P) Lending Apps Market, By Geography, 2018 (US$ Bn)

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Peer to Peer (P2P) Lending Apps Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Peer to Peer (P2P) Lending Apps Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players…

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