Alternative Lending Platform Market Size, Trends, Business Opportunities and Forecast 2028 - Douglas Insights
Some of the more notable players include Kabbage, OnDeck, and Funding Circle.
DOUGLAS, ISLE OF MAN, January 10, 2023 /EINPresswire.com/ -- Alternative Lending Platform Market Analysis
Alternative Lending is a lending platform that allows consumers to borrow money from borrowers who have good credit and who are looking to get their debt reduced. Borrowers can also use AltLending to find loans for things such as emergencies, new cars, or education.
The Alternative Lending Platform Market is forecasted to grow at a CAGR of **% over the next five years, according to the Alternative Lending Research report by Douglas Insights. The market is expected to reach USD ** billion by 2028.
The growth in alternative lending platforms is attributed to the increasing awareness about financial troubles, increased spending on luxury items, and globalization of economies. These factors are expected to drive the growth of the market in 2022-2028. However, regulatory hurdles and competition from established players are restraining the growth of this market.
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Alternative Lending Platform Market Growth Drivers and Risks
The growth of alternative lending platforms can be attributed to the following factors:
1. Increasing need for financial services in emerging economies: Alternative lending platforms offer an alternative financing option to consumers who are unable to obtain conventional loans from traditional lenders due to their weak credit history or lack of collateral. This is particularly prevalent in Emerging Asia and Latin America, where there is large unbanked population and high levels of poverty.
2. Growing demand for transparency and convenience: Increasing awareness about global financial issues, such as the 2008 financial crisis, has led consumers to seek more transparent and convenient financing options. This trend has been particularly pronounced in developed countries such as the US, UK, and Canada, where preference towards regulated financial products is evident.
3. Increase in mobile penetration: As mobile technology becomes more widespread across various industries, this trend is likely to continue in the alternative lending platform market. Convenience and transparency benefits of using mobile applications are likely to appeal to borrowers and lenders alike, thereby driving adoption across the market.
Alternative Lending Platform Market Keyplayers
There are a number of alternative lending platforms in the market, each with its own unique selling points. Some of the more notable players include Kabbage, OnDeck, and Funding Circle.
Alternative Lending Platform Market Segmentations
Market Segmentation in the report is as below-
By Solution
Loan Origination
Loan Servicing
Lending Analytics
Others
By Service
Integration & Deployment
Support & Maintenance
Training & Consulting
Managed Services
By Deployment
On-Premise
Cloud
By End-use
Crowdfunding
Peer-to-Peer Lending
Table of Content-
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . ALTERNATIVE LENDING PLATFORM – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Solution
3.7.2 Market Attractiveness Analysis By Service
3.7.3 Market Attractiveness Analysis By Deployment
3.7.4 Market Attractiveness Analysis By End-use
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL ALTERNATIVE LENDING PLATFORM MARKET ANALYSIS BY SOLUTION
6.1 Overview by Solution
6.2 Historical and Forecast Data
6.3 Analysis by Solution
6.4 Loan Origination Historic and Forecast Sales by Regions
6.5 Loan Servicing Historic and Forecast Sales by Regions
6.6 Lending Analytics Historic and Forecast Sales by Regions
6.7 Others Historic and Forecast Sales by Regions
7 . GLOBAL ALTERNATIVE LENDING PLATFORM MARKET ANALYSIS BY SERVICE
7.1 Overview by Service
7.2 Historical and Forecast Data
7.3 Analysis by Service
7.4 Integration & Deployment Historic and Forecast Sales by Regions
7.5 Support & Maintenance Historic and Forecast Sales by Regions
7.6 Training & Consulting Historic and Forecast Sales by Regions
7.7 Managed Services Historic and Forecast Sales by Regions
8 . GLOBAL ALTERNATIVE LENDING PLATFORM MARKET ANALYSIS BY DEPLOYMENT
8.1 Overview by Deployment
8.2 Historical and Forecast Data
8.3 Analysis by Deployment
8.4 On-Premise Historic and Forecast Sales by Regions
8.5 Cloud Historic and Forecast Sales by Regions
……toc continued
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