The Global Alternative Finance Market is projected to grow at a CAGR of 21.42% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend affecting this market is the exceptional growth in Asia. The alternative finance market in several countries in Asia has grown significantly in the past five years. Many SMEs in developing countries such as China, Hong Kong, Indonesia, Malaysia, the Philippines, and India lack access to traditional financing sources, which has increased the demand for alternative financial services and platforms.
According to the report, one driver influencing this market is the quick and easy access to credit. Alternative finance provides quick and easy access to credit unlike traditional financial institutions, which may take more than a day to complete the paperwork for the loan application.
Further, the report states that one challenge affecting this market is the high risk of credit default. Alternative finance funds borrowers lack collateral assets and credit history or have poor credit ratings. Therefore, they do not qualify for loans from traditional financial institutions as the chance of defaulting is high. The high risk of credit default discourages many financers from investing in alternative finance.
- Funding Circle
- Prosper Marketplace
Key Topics Covered
01. Executive Summary
02. Scope of the Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Market Segmentation by Service Model
08. Customer Landscape
09. Market Segmentation by Financing Model
10. Regional Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
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