DUBLIN, December 09, 2021--(BUSINESS WIRE)--The "Microfinance - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Microfinance estimated at US$159.7 Billion in the year 2020, is projected to reach a revised size of US$394.8 Billion by 2027, growing at a CAGR of 13.8% over the period 2020-2027.
Banks, one of the segments analyzed in the report, is projected to grow at a 14.6% CAGR to reach US$235.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Banks segment is readjusted to a revised 12.7% CAGR for the next 7-year period. This segment currently accounts for a 43.3% share of the global Microfinance market.
The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 18.1% CAGR for the Period of 2020-2027
The Microfinance market in the U.S. is estimated at US$43 Billion in the year 2020. The country currently accounts for a 26.95% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$89.3 Billion in the year 2027 trailing a CAGR of 18.1% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.7% and 12.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR while Rest of European market (as defined in the study) will reach US$89.3 Billion by the year 2027.
Select Competitors (Total 93 Featured) -
Al Amana Microfinance
Al-Barakah Microfinance Bank
Annapurna Finance (P) Ltd
Asirvad Microfinance Pvt. Ltd.
Banco do Nordeste do Brasil S.A.
Bandhan Financial Services Pvt. Ltd.
Bank Rakyat Indonesia
BSS Microfinance Ltd.
Jamii Bora Bank
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Microfinance: Holding Potential to Break the Cycle of Poverty
Key Principles Related to Microfinance
Key Benefits and Drawbacks of Microfinancing
Microfinance Market: Focus on Providing Access to the Unbanked and Alleviate Property Propels Growth
Active Borrowers of Microfinance Institutions Continue to Grow
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
As Important Growth Mechanisms for Economic Progress, Microenterprises Emerge as Vital Driver of Growth for MFIs
Changing Business Landscape Drives Microenterprises to Review Strategies
Microfinance Presents Powerful Tool for Small Businesses & Entrepreneurs to Access Capital
Microfinance Industry's Growing Role in Impact Investments and Achievement of SDGs
Growing Importance of Digitalization for Traditional MFIs
Rising Adoption of New Technologies to Push Market Growth
Mobile Payments Transform Microfinance Industry Landscape
Going Digital Represents Inevitable Move for Microfinance Institutions
Microfinance Industry Leverages Big Data Analytics to Enable Financial Inclusion
Digitization Raises Data Security Concerns
Islamic Microfinance Emerges as a Vital Tool for Poverty Alleviation in Islamic Nations
Large Commercial Banks Venture into Microfinance Market, Presenting Opportunities and Challenges for Existing Players
Microinsurance Products: Providing Insurance Coverage to Low Income Customers
Addressing the Risks of Climate Change with Microfinance
Microfinance along with Macrofinance Holds Critical Significance in Financial Realm
Emergence of For-Profit Microfinance Institutions Draws Criticism
Microfinance Institutions to Embrace Hybrid Model
Microfinance Providers to Collaborate with Fintechs
Key Issues Faced by Microfinance Industry
Notable Microfinance Networks: A Review
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/3inl3q
View source version on businesswire.com: https://www.businesswire.com/news/home/20211209005487/en/
Laura Wood, Senior Press Manager
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