Invoice Factoring Market By Type (Recourse Factoring, Non-recourse Factoring), By Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), By Provider (Banks, NBFCs), By Application (Domestic, International), By Industry Vertical (Construction, Manufacturing, Healthcare, Transportation and Logistics, Energy and Utilities, IT and Telecom, Staffing, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Invoice factoring is a process of funding cash flow by selling their invoices to a third party such as factor or factoring company at a discount. Invoice factoring can be provided by independent finance providers or by banks. A factor is a middleman that provides cash or financing to businesses by purchasing their receivables.
Factoring allows companies to finance its operations using its receivables. In addition, it helps average collection time to be reduced, as well as commercial payables, resulting in a stronger financial structure for a company. Moreover, increase in awareness and understanding of supply chain financing benefits is major growth factor for the market. However, foreign currency restrictions and high stamp duties hamper growth of the market. On the contrary, technological advancements such as automated invoices with a unique id, smart contract facilities, transactional security management, and fast funding are expected to drive the market growth.
The invoice factoring market is segmented on the basis of type, enterprise size, provider, and industry vertical. By type, it is segmented into recourse factoring and non-recourse factoring. By enterprise size, it is bifurcated into large enterprises and small & medium-sized enterprises (SMEs). By provider, it is segregated into banks and NBFCs. On the basis of application, it is segmented into domestic and international. Based on industry vertical, the invoice factoring market is bifurcated into construction, manufacturing, healthcare, transportation & logistics, energy & utilities, IT & telecom, staffing and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the invoice factoring market such as Adobe, American Express Company, Barclays Bank UK PLC, ICBC, Intuit Inc., Lloyds Bank, Porter Capital, Sonovate, Waddle, and Velotrade. These players have adopted various strategies to increase their market penetration and strengthen their position in the invoice factoring market.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the invoice factoring market analysis from 2021 to 2031 to identify the prevailing invoice factoring market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the invoice factoring market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global invoice factoring market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Recourse Factoring
Non-recourse Factoring
By Application
Domestic
International
By Enterprise Size
Large Enterprises
Small and Medium-sized Enterprises
By Provider
Banks
NBFCs
By Industry Vertical
Construction
Manufacturing
Healthcare
Transportation and Logistics
Energy and Utilities
IT and Telecom
Staffing
Others
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Adobe
American Express Company
Barclays Bank UK PLC
ICBC
Intuit Inc.
Lloyds Bank
Porter Capital
Sonovate
Waddle
Velotrade
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