- Global MSME Financing Market to post a CAGR of 18.52 percent during 2014-2018
According to the latest research findings by the independent London-based global research firm TechNavio, ICICI Bank is a Leader in the Global MSME (Micro, Small and Medium Enterprise) Financing Market. The findings are for the forecast period 2014-2018.
As per research analysis, ICICI Bank has the highest capital adequacy ratios with sound capital management, that is helping it strengthen its financial position to pursue its growth and expansion plans and will be a major player in the coming years. The other leading players in the Global MSME Financing Market include Wells Fargo & Company and Standard Chartered who are equally playing a major role in this segment. The other prominent vendors in the Global MSME Financing market include Access Bank, Bank Muscat, Eastern Bank, IFIC Bank and Emirates NBD Bank.
With increasing competition brewing in the Global MSME Financing market in US and Europe, banks are targeting emerging markets such as China, India, Bangladesh, Thailand, and Nigeria due to the demand for goods and services from these regions. With more than 50 percent of banking revenue in the MSME Financing Market coming from the South East Asia region, the market will grow more than 17 percent CAGR during the forecast period.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on Global Micro, Small, and Medium Enterprise Financing Market 2014-2018, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Micro, Small, and Medium Enterprise Financing Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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