Global Microfinance Market 2024-2028

Global Microfinance Market 2024-2028

The microfinance market is forecasted to grow by USD 166.95 bn during 2023-2028, accelerating at a CAGR of 12.86% during the forecast period. The report on the microfinance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of social media associated with growing digital connectivity, quick and easy access to credit, and increased focus on cost optimization and scaling computation.

Technavio's microfinance market is segmented as below:

By Type

• Banks
• Non-banks

By End-user

• Small enterprises
• Solo entrepreneurs
• Micro entrepreneurs

By Geographical Landscape

• APAC
• South America
• North America
• Europe
• Middle East and Africa

This study identifies the rapid growth in APAC as one of the prime reasons driving the microfinance market growth during the next few years. Also, adoption of AI and machine learning in microfinance and use of crowdfunding platforms for free promotion will lead to sizable demand in the market.

The report on the microfinance market covers the following areas:

• Microfinance market sizing
• Microfinance market forecast
• Microfinance market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading microfinance market vendors that include Access Microfinance Holding AG, Accion International, Al Amana Microfinance, AL BARAKAH MICROFINANCE BANK, Annapurna Finance P Ltd., Asirvad Microfinance Ltd, Bandhan Bank Ltd., CDC Small Business Finance, DEVAID Ltd., FINCA International Inc., GENTERA S.A.B. de C.V., Grameen Foundation, IndusInd Bank Ltd., Kiva Microfunds, Kotak Mahindra Bank Ltd., Opportunity International, Pacific Community Ventures, PT Bank Rakyat Indonesia Persero Tbk, Stichting BRAC International, and IGP Advantag AG. Also, the microfinance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth