DUBLIN, Nov. 02, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/dqz3n4/global_micro) has announced the addition of the "Global Micro, Small, and Medium Enterprise Financing Market 2015-2019" report to their offering.
The retail segment within the MSME financing market is expected to reach USD 180 billion by the end of 2019
The report predicts the East Asian region to reach USD 302 billion by the end of 2019. Rapid technological progress and the adoption of credit bureaus compliant with the principles of regulatory authorities are the key growth drivers in this region. Governments in this region are increasingly recognizing the importance and significant contribution made by the MSME sector toward the GDP of their countries, and are, hence, encouraging the growth of the MSME financial market.
The changing government policies is predicted to help retailers focus more on the development of e-commerce platforms and to develop an efficient online service for consumers. Added to that, the growing interest of stakeholders such as governments, regulators and the banking community will lead the growth of the market. For instance, many developing nations, including India, have opened 100% FDI towards the retail industry to boost employment and the GDP of the country.
Micro, small and medium enterprises (MSME) are one of the key economic segments that drives the growth of the GDP by boosting the manufacturing and exports of the economy. The adoption of improved risk management practices by the financial institutions is one of the key drivers for the growth of this market. Technavio's research analyst predicts the MSME financing market to grow at a rate of 19% during the forecast period.
The increasing focus of MSME banks toward emerging markets is also expected to drive the growth of the global MSME financing market during the forecast period. Countries in the East and South Asian region, such as Bangladesh, Indonesia, and the Philippines have huge MSME segments which remain untapped and can result in a boost in the revenue for the banking and financial sector.
Segmentation by end user and analysis of the MSME financing market
- Heavy manufacturing
- General manufacturing
Competitive landscape and key vendors
The global MSME financing market is highly competitive with an established presence by banks in advanced markets such as the US and Europe. However, emerging markets such as China, India, Bangladesh, Thailand, and Nigeria provide ample opportunities for vendors to capture the market shares.
The top three vendors in the market are:
- Wells Fargo
- Standard Chartered
Other prominent vendors in the market include
- Access Bank
- Eastern Bank
- IFIC Bank
- Bank Muscat
- Emirates NBD Bank.
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Geographical Segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/dqz3n4/global_micro
Media Contact: Laura Wood , +353-1-481-1716, email@example.com
SOURCE Research and Markets