Research and Markets: Global Micro, Small, and Medium Enterprise Financing Market 2014-2018

Research and Markets (http://www.researchandmarkets.com/research/5sr3f3/global_micro) has announced the addition of the "Global Micro, Small, and Medium Enterprise Financing Market 2014-2018" report to their offering.

The analysts forecast the Global Micro Small and Medium Enterprise Financing market to grow at a CAGR of 18.52 percent over the period 2013-2018. One of the key factors contributing to this market growth is the huge untapped potential in emerging markets. The Global Micro Small and Medium Enterprise Financing market has also been witnessing the increase in private sector banks across emerging markets. However, the financial and business illiteracy could pose a challenge to the growth of this market.

The key vendors dominating this market space are ICICI Bank Ltd., Wells Fargo, and Standard Chartered PLC.

Other vendors mentioned in the report are IFIC Bank Ltd., Bank Muscat, Access Bank Plc, Eastern Bank Limited, and NBD Bank.

Commenting on the report, an analyst from the team said: Currently, the MSME segment in emerging countries is either unserved or underserved. Private sector banks have recognized this as a good business opportunity and are increasingly expanding and gaining ground in emerging markets such as China and India. They are usually preferred more than state-owned banks because of their better infrastructure, faster processing, attractive schemes, and costs offered on the products. This is not only increasing the operational efficiency, but also generating higher revenue for private banks. Hence, it is expected that this will boost the growth of the market in the future.

According to the report, one of the major drivers in this market is the huge untapped potential in the emerging market. Many countries in the APAC region, such as Bangladesh, Indonesia, and the Philippines, have huge MSME segments that remain underserved and, if catered to, can result in higher revenue for the Banking and Financial sector.

For more information visit http://www.researchandmarkets.com/research/5sr3f3/global_micro

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