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Factoring Market size worth $ 5632.97 Million, Globally, by 2028 at 6.12% CAGR: Verified Market Research®

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Verified Market Research

11 May, 2022, 13:15 GMT

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The increasing demand for alternative sources of financing for MSMEs, increase in various factoring businesses, raised liquidity for efficient working capital management, and other factors are driving the Factoring Market growth.

JERSEY CITY, N.J., May 11, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Factoring Market" By Type (Domestic Factoring, International Factoring), By Application (Small And Medium Enterprise, Large Enterprise), and By Geography. According to Verified Market Research, the Global Factoring Market size was valued at USD 3354.52 Million in 2021 and is projected to reach USD 5632.97 Million by 2030, growing at a CAGR of 6.12% from 2023 to 2030.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=54561

Browse in-depth TOC on "Factoring Market"

202 - Pages
126 – Tables
37 – Figures

Global Factoring Market Overview

The primary factor driving the market growth is increasing demand for alternative sources of financing for MSMEs, increase in various factoring businesses delivering a combination of financing options, raised liquidity for efficient working capital management, and enhanced inventory management. The improvement in the banking, financial services, and insurance (BFSI) industry is the primary factor increasing the market growth. The increased awareness and understanding of supply chain financing benefits contribute to market expansion, like factoring. Also, blockchain technology and cryptocurrency in factoring services expand market growth. The rising advancements and unique identification for fast funding, complete transactional security, and innovative contract capabilities.

It is changing the way exchanges like the stock market, patent awards, and factoring operate. Many developed countries are setting technology to the test in business finance to see if it is reasonable. The advanced technology helps in the easy availability of information about buyers and sellers in a single platform, helping all the stakeholders lower their risks. Therefore, the increasing trend positively impacts the Factoring Market growth. Furthermore, the other factors, like the rising use of digital platforms in trade financing and growing cross-border trade activities, will drive the market growth. Enhanced inventory management through factoring business will help in expanding the market growth.

Key Developments

  • In December 2019, China Construction Bank launched the blockchain-based refactoring platform, BCTrade. The platform helps commercial factoring businesses reduce risks associated with refactoring.

Key Players

The major players in the market are Advanon AG, Aldermore Bank Plc, BNP Paribas Cardif, Deutsche Leasing AG, Eurobank Ergasias SA, HSBC Holdings Plc, Mizuho Financial Group Inc., Riviera Finance of Texas Inc., Societe Generale SA, The Southern Bank Co. Inc.

Verified Market Research has segmented the Global Factoring Market On the basis of Type, Application, and Geography.

  • Factoring Market, By Type
    • Domestic Factoring
    • International Factoring
  • Factoring Market, By Application
    • Small and Medium Enterprise
    • Large Enterprise
  • Factoring Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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Mortgage Lender Market By Product Type (Residential, Commercial Estate), By Application (New House, Second-hand House), By Geography, Forecast, 2021-2028

Financial Cards and Payments Market By Product (Bank Card, Recharge Spending Card), By Application (BFSI, IT & Telecom, Retail, Media & Entertainment), By Geography, Forecast, 2021-2028

Factoring Service Market By Product (Recourse, Non-recourse), By Application (Real Estate, Healthcare, Construction Industry, Others), By Geography, Forecast, 2021-2028

5 Best Digital Banking Platforms strengthening financial choices of unbanked population

Visualize Factoring Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
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