Global Microfinance Business Analysis Report 2022-2023 & 2030: Large Commercial Banks Enter Microfinance Market, Creating Opportunities and Challenges

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Oct 03, 2023, 13:30 ET

DUBLIN, Oct. 3, 2023 /PRNewswire/ -- The "Microfinance - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Microfinance Market to Reach $506 Billion by 2030.

The global market for Microfinance estimated at US$200 Billion in the year 2022, is projected to reach a revised size of US$506 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2022-2030.

The global microfinance market demonstrates consistent growth prospects from 2014 to 2030. The assessment delves into lending activities by both banks and non-bank entities, with a specific focus on lending to distinct business segments, including small enterprises, solo entrepreneurs, and micro-enterprises. This data underscores the evolving microfinance landscape's significance in advancing financial inclusivity and bolstering entrepreneurial ventures worldwide.

While inflation concerns and shifting demand patterns may temporarily affect corporate investments, emerging technologies are poised to alleviate these challenges. Developments in generative AI, applied AI, machine learning industrialization, next-gen software, Web3, cloud/edge computing, quantum tech, electrification, renewables, and climate technologies offer global investment opportunities.

These technologies hold substantial potential for driving growth. In the short term, both consumers and investors will encounter a mix of challenges and opportunities. However, businesses and leaders demonstrating resilience and adaptability can seize these prospects.

Banks, a key segment analyzed in this report, are expected to achieve a remarkable 13.2% CAGR, reaching a market size of US$295.5 Billion by the analysis period's conclusion. The Non-Banks segment is also set for robust growth, with an estimated 11.2% CAGR over the next eight years.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Microfinance: Holding Potential to Break the Cycle of Poverty
Microfinance Functioning
Key Principles Related to Microfinance
Key Benefits and Drawbacks of Microfinancing
Microfinance Market: Focus on Providing Access to the Unbanked and Alleviate Poverty Propels Growth
Active Borrowers of Microfinance Institutions Continue to Grow
Global Microfinance Industry: Number of Active Borrowers in Million for the Years 2010-2022
% of Rural Borrowers in Microfinance Institutions (in %) by Geographic Region for 2022
Borrower Mix in MFIs: Percentage Breakdown of Active Borrowers by Male and Female Individuals for 2022
Global Economic Update
From Pandemic to War & Inflation: "Subdued Outlook for 2023 Despite Signs of Easing Inflationary Conditions"
Here's How Inflationary Pressures Affect the Economy
Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 Through 2024
Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Anti-Inflation Fiscal Policies & Slower Than Desirable Easing of Inflationary Pressures: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
COVID-19 Impact on the Microfinance Industry
Financial Difficulties Facing Microfinance Institutions Worldwide Due to COVID-19 Outbreak: % of Large and Smaller MFIs Facing Challenges During the Crisis Period
Competition
Microfinance - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Recent Market Activity

MARKET TRENDS & DRIVERS

As Important Growth Mechanisms for Economic Progress, Microenterprises Emerge as Vital Driver of Growth for MFIs
The Large Unbanked Population and Focus on their Financial Inclusion to Stimulate Microfinance Industry: Unbanked Population as a % of Total Population by Region for the Year 2022
Global Breakdown of Unbanked Adult Population (in %) by Gender for 2022
Top Factors Cited as Barrier to Account Ownership: % of Adults Citing the Reason for Being Unbanked
Changing Business Landscape Drives Microenterprises to Review Strategies
How Microfinance Can Live Up to Expectations & Unlock a Promising Narrative?
Strategies to Resolve Existential Issues
Microfinance Emerges as a Powerful Tool for Small Businesses & Entrepreneurs to Access Capital
Microfinance: Providing a Level Playing Field for MSMEs
The Need for MFIs to Invest in Technology for Helping SMEs
Microfinance Industry's Growing Role in Impact Investments and Achievement of SDGs
Growing Importance of Digitalization for Traditional MFIs
High Appetite for Digital Payment & Financial Technology in Microfinance Domain
Rising Adoption of New Technologies to Push Market Growth
Increased Use of Technology in the Field of Microfinance to Benefit Customers Immensely
Mobile Payments Transform Microfinance Industry Landscape
Mobile Technology to Play a Vital Role in Expanding Reach of Microfinance
Microfinance Organizations Serving African Countries Embark Upon Offering Mobile Financial Services but Challenges Remain
Mobile Money Systems-A Saving Grace during Tough Periods
Going Digital Represents Inevitable Move for Microfinance Institutions
Microfinance Industry Leverages Big Data Analytics to Enable Financial Inclusion
Digitization Raises Data Security Concerns
Roadblocks to Adoption of Technology- A Review
Digital Technologies Shape Rural Microfinance Market
Enhancing Equity and Accessibility of Digital Microfinance for the Rural Families
Artificial Intelligence Poised to Transform the Future of Microfinance
Start-ups in Microfinance Sector Leverage AI and Other Advanced Technologies for Democratizing Access to Credit
Growing Significance of Blockchain-based Microfinance
Huge SME Financing Gap Boosts Need for Blockchain-based Microfinance Solutions
Islamic Microfinance Emerges as a Vital Tool for Poverty Alleviation in Islamic Nations
Global Islamic Finance Market by Segment (in %) for 2023E
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
Microfinance Offers Support for Problems Confronting Women Entrepreneurs
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

FOCUS ON SELECT PLAYERS (Total 178 Featured)

Accion International
Al Amana Microfinance
Al-Barakah Microfinance Bank
Annapurna Finance (P) Ltd
Asirvad Microfinance Pvt. Ltd.
Banco do Nordeste do Brasil S.A.
Bandhan Bank
Bank Rakyat Indonesia
BRAC International
BSS Microfinance Ltd.
FINCA International
Fusion Micro Finance Ltd.
Grameen Foundation
IndusInd Bank Limited
Kiva
Manappuram Finance Limited.
Opportunity International

For more information about this report visit https://www.researchandmarkets.com/r/lef6vi

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