Microfinance Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global microfinance market based on its segments including type, end-use, and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Microfinance, also known as microcredit, refers to banking services for low-income or unemployed individuals or groups who otherwise have no access to financial services. Microfinance channels aim to offer micro-loans and other related products, such as insurance, saving plans, payment options, etc., to the unbanked and socially marginalized populations to help them become self-sufficient. These products and services are provided by government bodies as well as non-profits, private companies, and related organizations. Microfinance institutions (MFIs) also provide social benefits to low-income sections of society through easy access to money and better service delivery.
Note: The study incorporates COVID-19's direct market impact as well as the indirect effects of related industries on the microfinance market. These insights are regularly updated by the subject matter experts at Syndicated Analytics..
Global Microfinance Industry Trends and Drivers:
The rising number of micro, small and medium enterprises (MSMEs) is primarily driving the global microfinance market. Additionally, the introduction of numerous initiatives by government bodies and NGOs to make women financially independent, especially those living in rural areas, is also stimulating the growth of the global market. Apart from this, the growing penetration of the internet and smartphones, mobile and internet banking services, making microfinance easily accessible, is further providing a positive outlook to the market. Furthermore, the increasing initiatives by the government authorities of several countries to spread awareness about microfinance services are also creating lucrative growth opportunities for the market. Besides this, several other factors, including the elevating digital literacy levels among consumers and the increasing demand for easy, innovative, and digital solutions to manage day-to-day money engagement, build long-term savings among poor people, and secure swift loans to boost the economy, are expected to drive the global microfinance market over the forecasted period.
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Global Microfinance Market Segmentation:
The market is segmented on the basis of type, end-use, and region.
- Type
- End use
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The key regions covered in the market report are North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa). Moreover, the report also focuses on factors that strengthen revenue potential, demand, and consumption patterns in the global market.
Competitive Landscape:
The report also provides insights on the competitive landscape of global microfinance with the leading players profiled in the report.
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Discover how this report can help boost your revenues:
- Examine the current trends in the microfinance market to evaluate industry prospects
- Analyze the present and future performance in established and emerging markets
- Evaluate market dynamics and expansion opportunities
- Investigate the economic and non-economic factors influencing market segments
- Employ qualitative and quantitative market analysis to enhance data-driven decisions
- Analyze how demand and supply factors influence industry growth at the regional and country level
- Study the market competition as per Porter’s five forces model
- Gain insights to new product launches and growth strategies employed by market players
- Capitalize on comprehensive profiles of major companies operating in the industry
About us: Syndicated Analytics is a market research firm that offers consulting services and provides comprehensive market intelligence in the form of research reports. Our team, consisting of experienced researchers and analysts from diverse industries, is deeply committed to the quality of the information and insights delivered to the clients which range from small and medium enterprises to Fortune 1000 companies. They are able to achieve this by studying the qualitative and quantitative aspects of the market as well as staying up to date with the current and evolving trends of the industry. Our set of syndicated as well as customized market reports thus help the clients to gain a better view of their competitive landscape, overcome various industry-related challenges and formulate revenue-generating business strategies.
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