Global Microfinance Market 2024-2028

Description

List of Tables

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:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	10.68%
CAGR	12.86%
Incremental Value	$166.95bn

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.

Product Code: IRTNTR71352

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global microfinance market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global microfinance market 2018 - 2022 ($ billion)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Banks - Market size and forecast 2023-2028
Exhibit 34: Chart on Banks - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Banks - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Banks - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Banks - Year-over-year growth 2023-2028 (%)
6.4 Non-banks - Market size and forecast 2023-2028
Exhibit 38: Chart on Non-banks - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Non-banks - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Non-banks - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Non-banks - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ billion)
Exhibit 43: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 Small enterprises - Market size and forecast 2023-2028
Exhibit 48: Chart on Small enterprises - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Small enterprises - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Small enterprises - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Small enterprises - Year-over-year growth 2023-2028 (%)
7.4 Solo entrepreneurs - Market size and forecast 2023-2028
Exhibit 52: Chart on Solo entrepreneurs - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Solo entrepreneurs - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Solo entrepreneurs - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Solo entrepreneurs - Year-over-year growth 2023-2028 (%)
7.5 Micro entrepreneurs - Market size and forecast 2023-2028
Exhibit 56: Chart on Micro entrepreneurs - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Micro entrepreneurs - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Micro entrepreneurs - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Micro entrepreneurs - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 60: Market opportunity by End-user ($ billion)
Exhibit 61: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 South America - Market size and forecast 2023-2028
Exhibit 71: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 Peru - Market size and forecast 2023-2028
Exhibit 91: Chart on Peru - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Peru - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Peru - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Peru - Year-over-year growth 2023-2028 (%)
9.10 India - Market size and forecast 2023-2028
Exhibit 95: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on India - Year-over-year growth 2023-2028 (%)
9.11 Mexico - Market size and forecast 2023-2028
Exhibit 99: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Mexico - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
9.12 France - Market size and forecast 2023-2028
Exhibit 103: Chart on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on France - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on France - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Access Microfinance Holding AG
Exhibit 115: Access Microfinance Holding AG - Overview
Exhibit 116: Access Microfinance Holding AG - Product / Service
Exhibit 117: Access Microfinance Holding AG - Key offerings
12.4 Accion International
Exhibit 118: Accion International - Overview
Exhibit 119: Accion International - Product / Service
Exhibit 120: Accion International - Key offerings
12.5 Al Amana Microfinance
Exhibit 121: Al Amana Microfinance - Overview
Exhibit 122: Al Amana Microfinance - Product / Service
Exhibit 123: Al Amana Microfinance - Key offerings
12.6 AL BARAKAH MICROFINANCE BANK
Exhibit 124: AL BARAKAH MICROFINANCE BANK - Overview
Exhibit 125: AL BARAKAH MICROFINANCE BANK - Product / Service
Exhibit 126: AL BARAKAH MICROFINANCE BANK - Key offerings
12.7 Annapurna Finance P Ltd.
Exhibit 127: Annapurna Finance P Ltd. - Overview
Exhibit 128: Annapurna Finance P Ltd. - Product / Service
Exhibit 129: Annapurna Finance P Ltd. - Key offerings
12.8 Asirvad Microfinance Ltd
Exhibit 130: Asirvad Microfinance Ltd - Overview
Exhibit 131: Asirvad Microfinance Ltd - Product / Service
Exhibit 132: Asirvad Microfinance Ltd - Key offerings
12.9 Bandhan Bank Ltd.
Exhibit 133: Bandhan Bank Ltd. - Overview
Exhibit 134: Bandhan Bank Ltd. - Product / Service
Exhibit 135: Bandhan Bank Ltd. - Key offerings
12.10 DEVAID Ltd.
Exhibit 136: DEVAID Ltd. - Overview
Exhibit 137: DEVAID Ltd. - Product / Service
Exhibit 138: DEVAID Ltd. - Key offerings
12.11 Grameen Foundation
Exhibit 139: Grameen Foundation - Overview
Exhibit 140: Grameen Foundation - Product / Service
Exhibit 141: Grameen Foundation - Key offerings
12.12 IGP Advantag AG
Exhibit 142: IGP Advantag AG - Overview
Exhibit 143: IGP Advantag AG - Product / Service
Exhibit 144: IGP Advantag AG - Key offerings
12.13 IndusInd Bank Ltd.
Exhibit 145: IndusInd Bank Ltd. - Overview
Exhibit 146: IndusInd Bank Ltd. - Business segments
Exhibit 147: IndusInd Bank Ltd. - Key offerings
Exhibit 148: IndusInd Bank Ltd. - Segment focus
12.14 Kiva Microfunds
Exhibit 149: Kiva Microfunds - Overview
Exhibit 150: Kiva Microfunds - Product / Service
Exhibit 151: Kiva Microfunds - Key offerings
12.15 Kotak Mahindra Bank Ltd.
Exhibit 152: Kotak Mahindra Bank Ltd. - Overview
Exhibit 153: Kotak Mahindra Bank Ltd. - Business segments
Exhibit 154: Kotak Mahindra Bank Ltd. - Key offerings
Exhibit 155: Kotak Mahindra Bank Ltd. - Segment focus
12.16 PT Bank Rakyat Indonesia Persero Tbk
Exhibit 156: PT Bank Rakyat Indonesia Persero Tbk - Overview
Exhibit 157: PT Bank Rakyat Indonesia Persero Tbk - Business segments
Exhibit 158: PT Bank Rakyat Indonesia Persero Tbk - Key offerings
Exhibit 159: PT Bank Rakyat Indonesia Persero Tbk - Segment focus
12.17 Stichting BRAC International
Exhibit 160: Stichting BRAC International - Overview
Exhibit 161: Stichting BRAC International - Business segments
Exhibit 162: Stichting BRAC International - Key offerings
Exhibit 163: Stichting BRAC International - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 164: Inclusions checklist
Exhibit 165: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 166: Currency conversion rates for US$
13.4 Research methodology
Exhibit 167: Research methodology
Exhibit 168: Validation techniques employed for market sizing
Exhibit 169: Information sources
13.5 List of abbreviations
Exhibit 170: List of abbreviations