Key regions: Europe, Singapore, United States, India, China
Crowdinvesting is a growing trend in Niger, with more and more individuals and businesses turning to this alternative form of financing.
Customer preferences: Nigerian customers are increasingly drawn to crowdinvesting due to its potential for high returns and the opportunity to support local businesses and projects. The ease of investing online and the ability to diversify their investment portfolios are also appealing factors. Additionally, the younger generation, who are more tech-savvy and open to new investment options, are driving the demand for crowdinvesting in Niger.
Trends in the market: One of the key trends in the crowdinvesting market in Niger is the rise of crowdfunding platforms that cater specifically to local businesses and projects. These platforms provide a platform for entrepreneurs and small businesses to raise capital from a large number of investors, allowing them to bypass traditional funding sources such as banks. This trend is fueled by the increasing number of startups and small businesses in Niger that are looking for alternative sources of funding. Another trend in the crowdinvesting market in Niger is the growing interest in impact investing. Niger is a country with significant development challenges, and there is a strong desire among investors to support projects that have a positive social or environmental impact. This trend is reflected in the increasing number of crowdinvesting campaigns focused on sectors such as renewable energy, agriculture, and healthcare.
Local special circumstances: Niger is a country with a relatively underdeveloped financial sector, and access to capital is a major challenge for entrepreneurs and small businesses. Crowdinvesting offers an alternative source of funding that is more accessible and less bureaucratic than traditional financing options. This has made crowdinvesting an attractive option for entrepreneurs and small businesses in Niger. Furthermore, Niger has a large young population, with a significant portion of the population under the age of 30. This demographic is more open to new investment options and more willing to take risks, making them ideal candidates for crowdinvesting.
Underlying macroeconomic factors: The crowdinvesting market in Niger is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, which has created a favorable environment for investment. Additionally, the government has implemented policies to promote entrepreneurship and attract foreign investment, which has further supported the growth of the crowdinvesting market. In conclusion, the crowdinvesting market in Niger is experiencing significant growth due to customer preferences for high returns, the desire to support local businesses, and the ease of online investing. The rise of crowdfunding platforms tailored to local businesses and the increasing interest in impact investing are key trends in the market. The underdeveloped financial sector and the large young population in Niger are local special circumstances that contribute to the growth of the crowdinvesting market. Finally, macroeconomic factors such as steady economic growth and government policies to promote entrepreneurship and attract investment are underlying factors driving the development of the crowdinvesting market in Niger.
Data coverage:
The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.Modeling approach / Market size:
Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.
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