$ 183.8 Billion Growth in Global Alternative Finance Market 2020-2024 | 72% Growth to Come from APAC | Technavio
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
Alternative Finance Market is segmented as below:
- Type
- P2P Lending
- Crowdfunding
- Invoice Trading
- Geography
- APAC
- North America
- Europe
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44221
Alternative Finance Market 2020-2024: Scope
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.
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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:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- 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 condition
Market Segmentation by Type
- Market segments
- 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
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- 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 challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- CircleUp Network Inc.
- Crowdfunder Inc.
- Fundable LLC
- Funding Circle Holdings plc
- Fundrise LLC
- GoFundMe Inc.
- Indiegogo Inc.
- Kickstarter PBC
- LendingClub Corp.
- Patreon Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report Page: https://www.technavio.com/report/alternative-finance-market-industry-analysis
SOURCE Technavio
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