Microfinance Trends and Forecast
The future of the global microfinance market looks promising with opportunities in the small enterprise, micro enterprise, and solo entrepreneur markets. The global microfinance market is expected to reach an estimated $331.1 billion by 2030 with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are growing demand for digital based microfinance and growing inclination towards this institute among entrepreneurs and small business development.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Microfinance by Segment
The study includes a forecast for the global microfinance by service type, provider, end use, and region.Microfinance Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
- Group and Individual Micro Credit
- Leasing
- Micro Investment Funds
- Insurance
- Savings and Checking Accounts
- Others
Microfinance Market by Provider [Shipment Analysis by Value from 2018 to 2030]:
- Banks
- Micro Finance Institute (MFI)
- NBFC (Non-Banking Financial Institutions)
- Others
Microfinance Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Small Enterprises
- Micro Enterprises
- Solo Entrepreneurs
Microfinance Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Microfinance Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microfinance companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microfinance companies profiled in this report include-- Annapurna Microfinance
- Bank Rakyat Indonesia
- Bandhan Financial Services
- CDC Small Business Finance
- Cashpor Micro Credit
- Grameen America
- Grameen Bank
- KIVA
- Madura Microfinance
- Pacific Community Ventures
Microfinance Market Insights
The publisher forecasts that banks is expected to witness highest growth over the forecast period.APAC is expected to witness highest growth over the forecast period.
Features of the Global Microfinance Market
- Market Size Estimates: Microfinance market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Microfinance market size by service type, provider, end use, and region in terms of value ($B).
- Regional Analysis: Microfinance market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different service types, providers, end uses, and regions for the microfinance market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microfinance market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the microfinance market size?Answer: The global microfinance market is expected to reach an estimated $331.1 billion by 2030.
Q2. What is the growth forecast for microfinance market?
Answer: The global microfinance market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the microfinance market?
Answer: The major drivers for this market are growing demand for digital based microfinance and growing inclination towards this institute among entrepreneurs and small business development.
Q4. What are the major segments for microfinance market?
Answer: The future of the microfinance market looks promising with opportunities in the small enterprise, micro enterprise, and solo entrepreneur markets.
Q5. Who are the key microfinance market companies?
Answer: Some of the key microfinance companies are as follows:
- Annapurna Microfinance
- Bank Rakyat Indonesia
- Bandhan Financial Services
- CDC Small Business Finance
- Cashpor Micro Credit
- Grameen America
- Grameen Bank
- KIVA
- Madura Microfinance
- Pacific Community Ventures
Answer: The publisher forecasts that banks is expected to witness highest growth over the forecast period.
Q7. In microfinance market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the microfinance market by service type (group and individual micro credit, leasing, micro investment funds, insurance, savings and checking accounts, and others), provider (banks, micro finance institute (MFI), NBFC (non-banking financial institutions), and others), end use (small enterprises, micro enterprises, and solo entrepreneurs), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Microfinance Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Annapurna Microfinance
- Bank Rakyat Indonesia
- Bandhan Financial Services
- CDC Small Business Finance
- Cashpor Micro Credit
- Grameen America
- Grameen Bank
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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