NEW YORK, March 4, 2021 /PRNewswire/ -- The global alternative finance market is poised to grow by USD 183.80 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Get a Free Sample Report to Know More
Impact of COVID-19 The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the alternative finance market.
Frequently Asked Questions:
Based on segmentation by Type, which is the leading segment in the market? Based on the type, the P2P lending segment witnessed maximum growth in 2019.
What are the major trends in the market? The emergence of social media associated with growing digital connectivity is the major trend in the market.
At what rate is the market projected to grow? The market is projected to grow at a CAGR of almost 10% during the forecast period.
Who are the top players in the market? CircleUp Network Inc., Crowdfunder Inc., Fundable LLC, Funding Circle Holdings plc, Fundrise LLC, GoFundMe Inc., Indiegogo Inc., Kickstarter PBC, LendingClub Corp., and Patreon Inc. are the top players in the market.
What are the key market drivers? The market is driven by rapid growth in APAC.
How big is the APAC market? APAC dominated the market with a 72% share in 2019.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CircleUp Network Inc., Crowdfunder Inc., Fundable LLC, Funding Circle Holdings plc, Fundrise LLC, GoFundMe Inc., Indiegogo Inc., Kickstarter PBC, LendingClub Corp., and Patreon Inc. are some of the major market participants. Rapid growth in APAC will offer immense growth opportunities for market vendors. In a bid to help players strengthen their market foothold, this alternative finance market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Alternative Finance Market 2020-2024: Segmentation
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The alternative finance market report covers the following areas:
Alternative Finance Market Size
Alternative Finance Market Trends
Alternative Finance Market Industry Analysis
This study identifies the emergence of social media associated with growing digital connectivity as one of the prime reasons driving the Alternative Finance Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
Alternative Finance Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist alternative finance market growth during the next five years
Estimation of the alternative finance market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the alternative finance market across APAC, North America, Europe, South America, and MEA
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of alternative finance market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Type of financial models in alternative finance
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type
P2P lending - Market size and forecast 2019-2024
Crowdfunding - Market size and forecast 2019-2024
Invoice trading - Market size and forecast 2019-2024
Market opportunity by Type
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume drivers – Demand led growth
Market positioning of vendors
CircleUp Network Inc.
Funding Circle Holdings plc
Scope of the report
Currency conversion rates for US$
List of abbreviations
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