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Online Lending Market Size study, by Type (On-Premises, Cloud-based), by Application (Individuals, Businesses)- Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global Online Lending Industry valued approximately USD 38.77 billion in 2017 is anticipated to grow with a healthy growth rate of more than 48.2% over the forecast period 2019-2025. The Online Lending Industry is continuously growing in the global scenario at significant pace. Online lending, also known as social lending, refers to the direct lending between individuals through internet platforms. Individuals include natural persons, legal persons and other organizations. Lesser operating cost & lower risk, technologically advanced with added transparency over traditional banking system, favorable regulatory environment are the substantial driving factors of the Industry during the forecast period. Additionally, growth in emerging Industrys due to rising knowledge about Industryplace lending is another major factor driving the growth of the global neo and challenger bank Industry. Moreover, increasing awareness may increase usage of online lending in the developing countries is the factors that likely to create numerous opportunity in the near future. Furthermore, online lending is convenient & offer lower rates along with benefit to access easily is another factor that impelling the growth of the Industry across the globe. However, lack of awareness about online lending among people and risk of losing money are the factors that limiting the growth of the Industry during the forecast period.
The regional analysis of Global Online Lending Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share due to reduced interest rate in conventional bank and rising dependency of online platforms in the region. Europe is estimated to grow at stable growth rate in the global Online Lending Industry over the upcoming years. Further, Asia-Pacific is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to favorable government initiatives towards online lending in the region.
The

Online Lending Industry Share and Size by 2019-2025
Business & Services
Online Lending Market Segmentation:
By Type:
On-Premises
Cloud-based

By Application:
Individuals
Businesses

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Online Lending Market are as follows:
Zopa
Daric
Pave
Mintos
Lendix
Ratesetter
Canstar
Faircent
Upstart
Funding Circle
Prosper
CircleBack Lending
Peerform
Lending Club

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