Global Micro, Small, and Medium Enterprise Financing Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 08:40:05
The Global Micro Small and Medium Enterprise Financing market is 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.
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.
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