In this video, GlobalData discusses how peer to peer lending is on the rise, the major players involved, and the future of this industry.

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GlobalData Thematic Intelligence  
Sharing Economy
The sharing economy is an economic model in which private individuals share assets and services, often using a community-based online platform.


GlobalData classifies the sharing economy into several different categories of service. These include shared mobility, shared property, shared consumer goods, shared equipment, shared financial services, shared education services, and shared professional services.

Sharing economy leaders in property include Airbnb, Expedia (Vrbo) and TripAdvisor (FlipKey).

Sharing economy leaders in financial services include Funding Circle, Prosper, and Landbay.


The global sharing economy will generate $335 billion in revenue by 2025, according to PwC.
It has penetrated many industries, facilitated by improvements in the performance of digital platforms and consumers' increasing willingness to use mobile apps that support peer-to-peer business models.



Today's sharing services are supported by technologies that store and process vast amounts of data about people and assets. Companies are now using GPS, data analytics, and artificial intelligence (AI) to connect consumers with owners in real-time.

According to GlobalData’s Emerging Technology Trends Survey 2020, 45% of executives believe that AI will play a vital role in improving efficiency in their existing business operations over the next three years.

Technologies will continue developing and evolving, becoming more suited to facilitating the sharing economy.