Alternative Finance Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR44221
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The alternative finance market has the potential to grow by USD 176.15 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.18%.

This alternative finance market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (P2P lending, crowdfunding, and invoice trading) and geography (APAC, North America, Europe, South America, and MEA). The alternative finance market report also offers information on several market vendors, including CircleUp Network Inc.,  Crowdfunder Ltd., Fundable LLC, Funding Circle Holdings Plc, Fundrise LLC, GoFundMe Inc., Indiegogo Inc., Kickstarter PBC, LendingClub Corp., and Patreon Inc. among others.

What will the Alternative Finance Market Size be in 2021?

Alternative-Finance-Market-Market-Size-2020-2025

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Alternative Finance Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The quick and easy access to credit is notably driving the alternative finance market growth, although factors such as the high risk of credit default may impede the market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the alternative finance market industry get your FREE report sample now.

  • The decline in organized financial institutions’ willingness to lend to SMEs has emerged as the crucial factor driving the global alternative finance market growth.
  • Driven by the effects of the 2008 recession, organized financial institutions have turned reluctant to offer loans to individuals and SMEs.
  • The lack of credit history, collateral guarantee, and organized business landscape makes it difficult for SMEs to access loans and has led to the emergence of alternative finance.
  • Stringent lending regulations, especially to high-risk ventures and start-ups, have increased the need for alternative finance.
  • The exceptional growth in Asia is a key alternative finance market trend, which is expected to continue during the forecast period. Many SMEs in China, Hong Kong, Indonesia, Malaysia, the Philippines, and India lack access to traditional financing sources and are turning to alternative financial services and platforms.
  • China has emerged as the largest alternative finance market, driven by government support for online platforms to cater to SMEs and marginalized sectors.
  • The alternative finance market analysis report predicts that the market will register a CAGR of over 10% during the forecast period.

This alternative finance market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Alternative Finance Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • CircleUp Network Inc.
  •  Crowdfunder Ltd.
  • Fundable LLC
  • Funding Circle Holdings Plc
  • Fundrise LLC
  • GoFundMe Inc.
  • Indiegogo Inc.
  • Kickstarter PBC
  • LendingClub Corp.
  • Patreon Inc.

 

The alternative finance market is fragmented and the vendors are deploying growth strategies such as the provision of innovative solutions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the alternative finance market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Alternative Finance Market?

Alternative-Finance-Market-Market-Share-by-Region-2020-2025

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73% of the market’s growth will originate from APAC during the forecast period. China and Indonesia are the key markets for the alternative finance market in APAC. Market growth in this region will be slower than the growth of the market in South America.

The increasing penetration of the Internet and smartphones, the rapid growth of social media, the increasing number of SMEs and startups, the rising adoption of online platforms for lending, and the presence of global and regional vendors will facilitate the alternative finance market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Alternative Finance Market?

Alternative-Finance-Market-Market-Share-by-Type-2020-2025

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Several individuals opt for P2P loans for debt consolidation, which allows them to pay debts accrued from credit cards or loans from financial institutions. Also, many SMEs have started using P2P lending platforms in the past five years as securing loans from banks has become difficult, and overdraft limits have been reduced in several countries. These factors have been supporting the growth of the P2P lending market segment in the alternative finance market growth.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the alternative finance market size.

 

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What are the Key Factors Covered in this Alternative Finance Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive alternative finance market growth during the next five years
  • Precise estimation of the alternative finance market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the alternative finance industry across APAC, North America, Europe, South America, and MEA
  • A thorough 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

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Alternative Finance Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2021-2025

$ 176.15 billion

Market structure

Fragmented

YoY growth (%)

7.95

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 73%

Key consumer countries

China, US, UK, Germany, and Indonesia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

CircleUp Network Inc.,  Crowdfunder Ltd., Fundable LLC, Funding Circle Holdings Plc, Fundrise LLC, GoFundMe Inc., Indiegogo Inc., Kickstarter PBC, LendingClub Corp., and Patreon Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
    • Type of financial models in alternative finance

    Five Forces Analysis

    • Five forces analysis
    • 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 2020-2025
    • Crowdfunding - Market size and forecast 2020-2025
    • Invoice trading - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption
      • Competitive scenario

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • CircleUp Network Inc.
      •  Crowdfunder Ltd.
      • 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

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The alternative finance market growth will increase by $183.80 billion during 2019-2024.
      The alternative finance market is expected to grow at a CAGR of 9.64% during 2019-2024.
      Technavio has segmented the alternative finance market by type (P2P lending, Crowdfunding, and Invoice trading) and geographic (APAC, North America, Europe, South America, and MEA).
      CircleUp Network Inc., Crowdfunder Inc., Fundable LLC, Funding Circle Holdings plc, Fundrise LLC, GoFundMe Inc., Indiegogo Inc., Kickstarter PBC, LendingClub Corp., Patreon Inc. are a few of the key vendors in the alternative finance market.
      APAC will register the highest growth rate of 72.36% among the other regions. Therefore, the alternative finance market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the alternative finance market growth are:
      • Emergence of social media associated with growing digital connectivity
      • Rapid growth in APAC
      The alternative finance market vendors should focus on grabbing business opportunities from the p2p lending segment as it accounted for the largest market share in the base year.
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