Industry Analysis & Industry Trends
The Peer-to-Peer Lending Platforms industry is a new, fast-growing industry that has experienced rapid growth in terms of revenue and enterprises over the past five years. However, regulations from the Securities and Exchange Commission have added some turbulence and uncertainty to the industry. Going forward, profit is expected to rise, but the industry will continue to be characterized by increased regulation and competition.
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Industry Report - Starting a New Business Chapter
Barriers to entry into the Peer-to-Peer Lending Platforms industry are medium, though barriers to success are high. Very little capital is required to operate in this online-based, growing industry. However, technical and financial prowess is paramount, which leads to high average wage costs. Successful operators must be able to provide stable, fast and extremely secure online platforms. They must also have accurate and reliable algorithms that will provide solid choices in which loan applications to approve. Competition remains high as new entrants compete fiercely through marketing campaigns to gain market share. As this is a finance-based industry, regulation is high, and setting up a business within the bounds of the law is tricky and may require expertise from consultants... purchase to read more