Global Factoring Market 2024-2028
The factoring market is forecasted to grow by USD 2196.4 bn during 2023-2028, accelerating at a CAGR of 8.8% during the forecast period. The report on the factoring market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing need for alternative sources of financing for MSMEs, improved inventory management, and enhanced liquidity for efficient working capital management.
Technavio's factoring market is segmented as below:
ByType
ByApplication
ByGeography
- Europe
- APAC
- South America
- North America
- Middle East and Africa
This study identifies the advent of blockchain in factoring services as one of the prime reasons driving the factoring market growth during the next few years. Also, growing adoption of digital platforms for factoring and adoption of structuring and pricing tools will lead to sizable demand in the market.
The report on the factoring market covers the following areas:
- Factoring market sizing
- Factoring market forecast
- Factoring market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading factoring market vendors that include ABS Global Factoring AG, American Receivable, Bluevine Inc., CapitalPlus Construction Services, CG24 Group AG, Charter Capital Holdings LP, Deutsche Leasing AG, eCapital Corp., Factor Funding Co., HSBC Holdings Plc, Mizuho Financial Group Inc., New Century Financial Inc., Pincap., PMFBancorp, Riviera Finance of Texas Inc., Societe Generale SA, The Southern Banc Co. Inc., Triumph Business Capital, Universal Funding Corp., and Worldline SA. Also, the factoring market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.