This statistic displays the percentage of the private sector employed by small and medium-sized enterprises in Canada in 2021, by industry. In 2021, about **** percent of people working in the accommodation and food services industry were employed by small or medium-sized companies.

This statistic displays the percentage of the private sector employed by small and medium-sized enterprises in Canada in 2021, by province. In 2021, about 91.9 percent of British Columbia residents were employed by small or medium-sized companies.

In 2024, there were approximately **** million small and medium-sized enterprises operating in the United Kingdom. Micro-sized enterprises that employ up to nine people constitute the majority of SMEs in the UK, at over **** million. Enterprises that have between 10 and 49 employees are classed as small enterprises, and numbered around ******* in the UK, while there were ****** medium-sized enterprises. Business landscape dominated by SMEs As of this year, the vast majority of business enterprises in the UK were SMEs, accounting for almost ** percent of private sector employment, and just over half of its collective turnover. Over ******* SMEs were based in the construction sector, with a further ******* in the professional, scientific, and technical activities sector. SMEs in wholesale and retail trade employed more people than both these sectors, however, at around **** million people. In terms of turnover Outlook for SMEs in 2025 Towards the end of 2024, ** percent of SMEs surveyed advised that increasing costs would be the main obstacle to running an SME in 2025, with a further ** percent indicating that the current economic climate would also be an obstacle. Higher than expected inflation, as well as tax increases for businesses, are just some of the challenges businesses are facing this year. Perhaps as a result, businesses have been shedding jobs for several months, with an increasing share of SMEs looking to either maintain current staffing levels, or to start cutting jobs.

There were estimated to be approximately *** million small and medium-sized enterprises (SMEs) worldwide in 2023. The number of SMEs dropped slightly in 2020 during the COVID-19 pandemic, but increased since.

🏳️‍🌈 국제기구 English The current growth model that is driven by extractives and a large public sector is reaching its limits. Botswana has utilized wealth from diamonds and political stability to lay the foundation for strong growth over several decades that has transformed it from among the world’s poorest countries into a stable upper-middle income country. However, average growth is currently on a downward trend, with annual GDP growth averaging 5.1 percent from 2002-2009, 3.2 percent between 2009-2015, and 2.3 percent between 2015-2021. This weak level of growth will put the Government’s aim of reaching High Income Status (HIC) by 2036 out of reach unless bottlenecks to growth are urgently tackled. The need for a shift in the growth model driven by private sector growth has long been a government priority, however progress on this has been limited and, in this regard, furthering financial sector development is critical. Botswana’s National Development Plan 11 (NDP 11), 2017-2023, along with Vision 2036, focused on achieving HIC status by 2036 through refocusing the current development model towards an export-oriented, labor-intensive, and private sector driven model. These policy priorities are consistent with the 2015 World Bank Systematic Country Diagnostic (SCD) and the forthcoming update. The 2023 World Bank Country Private Sector Diagnostic (CPSD) 3 identified three cross-cutting constraints that need to be addressed to diversify the economy and attract private investment: 1) increasing competition through state-owned enterprise (SOE) reform and reduction in state presence in competitive markets; 2) addressing cross-cutting constraints on competitiveness, including access to finance for small and medium enterprises (SMEs); and 3) stimulating private investment in enabling sectors and export sectors. Further development of the financial sector will be critical to achieving these policy priorities, and to developing a competitive private sector, raising the productivity of microenterprises and increasing private investment in key sectors of the economy.

In 2021, over ******* small to medium-sized business enterprises (SMEs) were operating in the retail trade industry in Japan. That year, there were a total of around *** million private small and medium-sized business enterprises in the country, of which almost ** percent were small enterprises. SMEs as the backbone of Japan’s economy Japan has been traditionally centered around economically powerful large corporations, but major global players such as Toyota only make up a minor share of corporations in Japan. SMEs account for **** percent of private business enterprises, forming the backbone of the country’s economy. With **** million employees, they were responsible for close to ** percent of employment in the country. Sales development of SMEs The average sale per company among Japanese SMEs amounted to ***** million yen in the fiscal year 2022, up by **** percent compared to the previous year. The wholesale trade industry generated the highest sales per SME, and wholesale trade and manufacturing accounted for roughly ** percent of total sales generated by SMEs. In the months prior to early 2025, SMEs overall reported a negative sentiment in a survey on business conditions.

The global Micro, Small, and Medium Enterprise (MSME) financing market is experiencing robust growth, driven by a burgeoning entrepreneurial landscape and increasing government support for small businesses worldwide. While precise market size figures are unavailable, considering typical CAGR ranges for this sector (let's assume a conservative 8% based on industry reports), a base year market size of $2 trillion in 2025 (a reasonable estimate given the global scale) would result in substantial expansion over the forecast period (2025-2033). Key drivers include the rise of fintech lending platforms offering streamlined access to capital, favorable government policies promoting entrepreneurship (like tax breaks and subsidized loans), and the growing demand for flexible financing options tailored to the unique needs of MSMEs. Trends such as increased use of digital lending technologies, a shift towards alternative credit scoring methods, and the growing importance of sustainability in lending practices are shaping the market landscape. However, challenges remain, including the inherent risk associated with lending to smaller businesses, stringent regulatory requirements in some regions, and the persistent issue of access to credit for underserved communities. The market segmentation by type (e.g., term loans, lines of credit, invoice financing) and application (e.g., working capital, equipment financing, expansion) reflects the diverse needs of MSMEs. Major players like ICICI Bank, Wells Fargo, and Standard Chartered are actively vying for market share through innovation and expansion into new markets. The regional distribution of the MSME financing market mirrors global economic activity, with North America and Europe holding significant shares, followed by Asia Pacific. However, developing economies in Asia and Africa present immense untapped potential, fueled by rapidly growing entrepreneurial activity and increasing financial inclusion initiatives. While the historical period (2019-2024) likely showcased varying growth rates depending on global economic conditions, the forecast period (2025-2033) is expected to maintain a positive trajectory, albeit potentially subject to fluctuations based on macroeconomic factors such as interest rates, inflation, and geopolitical events. The continued expansion of digital financial services and innovative lending models will be pivotal in unlocking the full potential of the MSME financing market and fostering sustainable economic growth globally.

Aktivitäten europäischer kleiner und mittlerer Unternehmen in Bezug auf die Kreislaufwirtschaft. Themen: Aktivitäten mit Bezug zur Kreislaufwirtschaft in den letzten drei Jahren: Neuplanung der Wassernutzung, Nutzung erneuerbarer Energien, Neuplanung der Energienutzung, Abfallvermeidung, Neugestaltung von Produkten und Dienstleistungen zur Verringerung des Materialverbrauchs; (geplante) Investitionen des Unternehmensumsatzes in die genannten Aktivitäten (Prozent pro Jahr); aufgetretene Probleme: Personalmangel, Mangel an Expertise für die Implementierung, komplexe Verwaltungsprozesse und rechtliche Verfahren, Kosten für die Einhaltung von Vorschriften und Standards, Schwierigkeiten beim Zugang zu Finanzierung; Gründe, aus denen keine Aktivitäten entwickelt wurden; Bewertung der Schwierigkeiten beim Zugang zu Finanzierungsmaßnahmen; Art der Finanzierung: normales Bankdarlehen, Ökodarlehen, EU-Mittel, staatliche Subvention, alternative Finanzierungsquellen, Eigenfinanzierung; Bewertung der erhältlichen Informationen zu Finanzierungsmaßnahmen im eigenen Land; Bekanntheit staatlicher Anreiz-Programme zur Unterstützung von Maßnahmen der Kreislaufwirtschaft; Verfügbarkeit der folgenden alternativen Finanzierungsquellen im eigenen Land: Crowdfunding, Ökobanken oder andere private Institutionen, Peer-to-Peer-Kredit, Business angels, Risikokapital, Kapitalmarkt; Zugang des Unternehmens zu den vorgenannten Finanzierungsarten. Demographie: Angaben zum Unternehmen: Anzahl der Mitarbeiter, Gründungsjahr, Region; Gesamtumsatz in 2015; Entwicklung des Gesamtumsatzes seit Januar 2015 (in Prozent); Direktverkauf an Endverbraucher sowie andere Unternehmen und Organisationen; Anteil des in Forschung und Entwicklung investierten Gesamtumsatzes aus 2015 (in Prozent). Zusätzlich verkodet wurde: Befragten-ID; Land; NACE-Code; Nationengruppe; Gewichtungsfaktor. Activities of European small and medium enterprises with regard to circular economy. Topics: circular economy related activities in the last three years: re-plan water usage and re-usage, use renewable energy, re-plan energy usage, minimize waste, redesign products and services to minimize use of materials; (planned) investment of company’s turnover in the aforementioned activities (percent per year); related problems: lack of human resources, lack of expertise with regard to implementation, complex administrative or legal procedures, cost of meeting regulations and standards, difficulties accessing finance; reasons for not having undertaken any measures; assessment of the difficulty to access finance; way of finance: standard bank loan, green loan, EU related funds, government grant, alternative funding sources, self-finance; evaluation of the information available on finance in the own country; awareness of financial incentives through government programmes to support activities with regard to circular economy; availability of the following alternative sources of financing in the own country: crowdfunding, green banks or other private institutions, peer-to-peer-lending, business angels, risk or venture capital, capital market; access to the aforementioned sources of financing. Demography: information about the company: number of employees, year of company establishment, region; total turnover in 2015; development of turnover since January 2015 (in percent); direct selling to final consumers and / or to other companies or organisations; percentage of the company’s turnover in 2015 invested in research and development. Additionally coded was: respondent ID; country; NACE-Code; nation group; weighting factor.

Revenue is forecast to dip at a compound annual rate of 1.3% over the five years through 2024-25 to £33 billion. Revenue plummeted in 2020-21 as the pandemic dampened property management activity. Property managers enjoyed a sharp recovery in revenue during 2021-22, aided by soaring house prices amid low interest rates. In 2022-23, rent prices skyrocketed as landlords contended with rising interest rates and tax hikes. Competition for housing remained fierce in 2023-24, pushing up rental prices and supporting revenue for property managers. Despite this, revenue slipped overall as non-residential property transactions climbed, with new owners choosing to manage the properties themselves or refurbish or repurpose the property before leasing it out again. Revenue looks set to climb by 2.5% over 2024-25 as rents remain high. Build-to-rent sector growth has proved fruitful for property management companies. According to Knight Frank, in January 2025, more than 22,300 BTR homes were completed in 2024, marking a year of record delivery for the BTR sector. Revenue from the commercial sector is likely to grow, as companies may decide now’s a good time to upgrade their offices thanks to falling interest rates in 2024-25, lifting profit. Over the five years through 2029-30, property management services revenue is slated to swell at a compound annual rate of 2.4% to reach £37.1 billion. The rental market will continue gaining momentum amid upcoming regulatory changes, ramping up costs for landlords and driving commission fee income. House prices look set to remain high, at least in the short term, keeping some prospective homeowners in the rental market. Business confidence will remain somewhat constrained, though Capital Economics forecasts the base rate to fall to 3.5% by early 2026, which should boost investment volumes, increasing demand for property management services. The government's goal to construct 1.5 million homes by 2029 will benefit the industry. Approximately £3 billion of the £5 billion housing budget is earmarked for additional guarantees to SME house builders and build-to-rent developers, indicating ongoing government backing for the private sector. This support for housebuilding initiatives is set to broaden the client base available to property management companies, fostering revenue growth.

Factoring Services Market Outlook

According to our latest research, the global factoring services market size reached USD 4.11 trillion in 2024, reflecting the sectorÂ’s pivotal role in global trade and business liquidity. The market is expected to grow at a robust CAGR of 7.3% from 2025 to 2033, reaching a projected value of USD 7.73 trillion by 2033. This impressive growth is driven by the increasing demand for efficient working capital solutions, especially among small and medium-sized enterprises (SMEs), and the rapid digital transformation of financial services. As per our comprehensive analysis, the marketÂ’s expansion is underpinned by the rising globalization of trade, evolving regulatory frameworks, and the increased adoption of innovative digital factoring platforms.

One of the primary growth drivers for the factoring services market is the persistent need for improved cash flow management among businesses of all sizes. Factoring services enable companies to convert their accounts receivable into immediate cash, thus providing a critical lifeline for maintaining liquidity and supporting day-to-day operations. In a volatile economic environment, where access to traditional credit may be restricted or delayed, factoring offers a flexible and accessible alternative. The growing awareness of these benefits, coupled with the increasing complexity of global supply chains, is prompting more enterprises to integrate factoring into their financial strategies. Furthermore, the rise of cross-border trade has intensified the need for factoring services that can bridge payment gaps and mitigate risks associated with international transactions.

Technological advancements have also played a significant role in shaping the factoring services market. The integration of digital platforms, blockchain technology, and artificial intelligence has streamlined the factoring process, making it more transparent, efficient, and secure. These innovations have reduced operational costs, minimized fraud, and enhanced customer experience, thereby attracting a broader client base. Digital factoring platforms are particularly appealing to SMEs, which often lack the resources to navigate complex financial documentation and approval processes. The digitalization trend is expected to continue, with providers investing heavily in technology to differentiate themselves and capture greater market share. As a result, technology-driven factoring solutions are emerging as a key competitive advantage in the market.

Factoring Software has emerged as a pivotal component in the evolution of the factoring services market. These software solutions are designed to automate and streamline the entire factoring process, from invoice submission to payment collection. By leveraging advanced technologies such as artificial intelligence and machine learning, factoring software can efficiently assess credit risk, manage large volumes of transactions, and provide real-time analytics. This not only enhances operational efficiency but also reduces the likelihood of human error, making the process more reliable and secure. As businesses increasingly adopt digital solutions, the demand for sophisticated factoring software is expected to rise, further driving the growth of the factoring services market.

Another crucial factor fueling market growth is the supportive regulatory environment in many regions. Governments and financial authorities have recognized the importance of factoring services in promoting business sustainability and economic stability. Regulatory reforms aimed at enhancing transparency, reducing barriers to entry, and protecting the interests of both buyers and sellers have contributed to the marketÂ’s expansion. For example, the implementation of standardized legal frameworks for factoring transactions in Europe and Asia Pacific has facilitated cross-border operations and attracted international investors. In addition, the growing emphasis on financial inclusion and support for SMEs by public and private institutions is expected to further stimulate demand for factoring services in both developed and emerging markets.

From a regional perspective, Europe continues to dominate the global factoring services market, accounting for the largest share in 2024. The regionÂ’s mature financial infrastructure, high penetration of factoring among businesses,

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Coworking Spaces Market Size 2024-2028

The coworking spaces market size is forecast to increase by USD 27.71 billion at a CAGR of 17.17% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing demand for flexible and cost-effective workspace solutions. Key amenities, such as high-speed internet, meeting rooms, office equipment, administrative support, and advanced technologies like IoT and Big Data, are attracting entrepreneurs, freelancers, and small businesses to coworking spaces. However, challenges persist, including the need for more privacy and quiet spaces, security concerns, and the potential for distractions. To address these challenges, some coworking spaces are offering incubator programs and specialized zones to cater to specific industries or needs. As the market continues to evolve, it is essential for providers to offer competitive pricing, innovative amenities, and a supportive community to remain competitive.

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The coworking spaces market is rapidly evolving, driven by a growing demand for flexible office solutions across corporate and professional segment. Large size enterprise segment and healthcare and life sciences organizations are increasingly adopting coworking models to meet their dynamic space needs. These spaces offer high speed internet, technology integration, and specialized environments designed to support productivity and innovation. Professional co working spaces cater to various industries, including those leveraging VR and AR technologies for advanced collaboration. Accelerator partnerships further enhance the coworking experience, providing startups and established companies with resources and networking opportunities. With a shift from traditional office space lease and rental office premises, coworking is reshaping the landscape of office rentals and office premises, offering a more adaptable and cost-effective solution for businesses of all sizes.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Enterprises and SMEs
  Freelancers and start ups


Type

  Conventional coworking spaces
  Professional coworking spaces
  Others


Geography

  APAC

    India


  Europe

    Germany
    UK
    Spain


  North America

    US


  South America



  Middle East and Africa

By End-user Insights

The enterprises and SMEs segment is estimated to witness significant growth during the forecast period. In the modern business landscape, coworking spaces have gained significant traction as an innovative solution for enterprises and small to medium-sized businesses (SMEs). These flexible workspace environments cater to the expanding needs of companies, enabling them to accommodate a diverse workforce and foster collaboration. The United States, home to a large number of SMEs, is witnessing a notable trend toward coworking spaces due to their numerous advantages over traditional office leases.

Further, SMEs form the backbone of the American economy, accounting for approximately 95% of all businesses and generating around 50% of the private sector employment, according to the Small Business Administration. Informal and formal SMEs collectively contribute to over 60% of the country's net new jobs annually. In the real estate sector, landlords, developers, and real estate brokers have recognized the potential of coworking spaces and are investing in this growing market. Technological improvements, including high-speed internet, advanced security systems, and flexible workspace design, further enhance the appeal of coworking spaces for businesses.

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The enterprises and SMEs segment accounted for USD 6.68 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Another region offering significant growth opportunities to vendors is North America. The market in North America has experienced substantial expansion in recent years, driven by the proliferation of startup communities, the increasing preference for flexible work environments among both individuals and corporations, and technological advancements, including data analytics and cloud computing, enabling remote work. These factors have made coworking spaces an attractive and cost-effective alternative to traditional offices, leading to their widespread adoption

The DevOps industry was worth $9.44B in 2023. With a predicted compound annual growth rate (CAGR) of 25.95% from 2024 to 2031, the DevOps market is expected to expand from $12.15B in 2024 to $56.42B in 2031. Market size, growth, share

Cloud FinOps Market growing from USD 11.7 B in 2024 to USD 45.7 B by 2034 at a 14.6% CAGR. Get key insights, trends, and forecasts.

Most small and medium-sized enterprises (SMEs) in Nigeria had a sole proprietorship as of 2017. This business ownership type accounted for 65 percent of the SMEs in the country that year. Moreover, 21 percent and five percent of them were private limited liability companies and faith-based organizations, respectively. The source defines small enterprises as those employing between 10 and 49 people, and medium enterprises as those with an employment size from 50 to 199 employees.

In 2024, SME's in the UK collectively employed ***** million people. In this year, micro-sized enterprises that had an employee headcount of nine or fewer employed around **** million people in the United Kingdom, with small businesses employing around **** million people, and medium-sized ones **** million.

The nonperforming loan (NPL) ratio of lending to real estate stood at *** percent in 2019, over * percent points over the NPL ratio of the rest of loans for the private sector. The total default ratio of lending to corporates and SMEs reached *** percent that very same year.

In 2020, small to medium-sized business enterprises (SMEs) accounted for ** percent of the value added of private companies in Japan. The value added of SMEs amounted to around ***** trillion Japanese yen.