Alternative Finance Market| Insights on the Crisis and the Roadmap to Recovery from COVID-19 Pandemic| Technavio
The global alternative finance market to register an incremental growth of USD 183.80 billion, witnessing a CAGR of almost 10% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the alternative finance market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Alternative Finance Market 2020-2024 (Graphic: Business Wire)
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The alternative finance market will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio's pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.
Alternative Finance Market 2020-2024: Vendor Analysis
The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.
Major Alternative Finance market participants are
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Alternative Finance Market 2020-2024: Segmentation
Alternative Finance Market is segmented as below:
P2P lending segment will account for the largest share.
APAC region will account for the highest incremental growth during the forecast period due to the factors such as the rising demand for low-cost credit and the large funding gap.
The alternative finance market is driven by rapid growth in APAC and the emergence of social media associated with growing digital connectivity, as per Technavio's pandemic impact-focused research study. Furthermore, 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, and significant developments in vendor operations and government regulations in Consumer Discretionary industry.
For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio's Consumer Discretionary section
Key Considerations for Market Forecast:
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Table of Contents:
Five Forces Analysis
Market Segmentation by Type
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