Global Alternative Lending Market Expected to Gain From Growing Adoption of Online Brokering Platforms - QYR Consulting

LOS ANGELES, June 24, 2019 /PRNewswire/ -- Demand for alternative lending is not only foretold to come from large businesses but also SMEs. Institutional and private investors are mostly observed to provide loans to SMEs via alternative lending options such as crowdfunding. Private investors are also making investments through marketplace lending platforms where they can find businesses in need of loan services and provide loans at their appropriate interest rates. Some of the significant market indicators for alternative lending are internet penetration, GDP, number of households, telecommunication, consumer spending, and population growth.

As per the results from Pepperdine Graziadio Business School and Dun & Bradstreet's Q2 2019 Private Capital Access Index, alternative lending is growing in demand from SMEs. Besides crowdfunding, business credit cards and online lenders were on the rise in the second quarter.

Popularity of Innovative Lending Services to Strengthen Market Growth

In the coming years, alternative lending is prophesied to become more popular in emerging economies. According to researchers, it has already gained momentum in developed countries. Growing significance of innovative lending practices is foreseen to put a positive impact on the growth of the global alternative lending market. Demand for peer-to-peer (P2P) marketplace lending and crowdfunding, in particular, is expected to increase in the near future. This could play a crucial role in the development of the global market.

Report TOC, Figures and Table@ https://www.qyrconsulting.com/reports/alternative-lending-market

Increase in the use of online brokering platforms, acceptance of online marketplaces for loan application, and high use of internal credit scoring systems are some of the key factors helping with the growth of the global alternative lending market.

Key Takeaways from the Report

• Rising adoption of online brokering platforms predicted to drive growth
• Crowdfunding expected to lead the global alternative lending market among other type segments
• Businesses anticipated to create telling demand for alternative lending
• China prognosticated to cement a strong position in the global alternative lending market

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