Global Factoring Market 2020-2024
Technavio has been monitoring the factoring market, and it is poised to grow by USD 1308.4 bn during 2020-2024, progressing at a CAGR of 7% during the forecast period. Our reports on 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 global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by enhanced liquidity for efficient working capital management and improved inventory management. Also, the growing need for an alternative source of financing for MSMEs is anticipated to boost the growth of the market as well.
The factoring market analysis includes segmentation by type and geographic landscape.
Technavio's factoring market is segmented as below:
- Domestic factoring
- International factoring
By Geographic Landscape
- North America
- South America
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.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of critical parameters. Our factoring market covers the following areas:
- Factoring market sizing
- Factoring market forecast
- Factoring market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading factoring market vendors that include 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, and The Southern Banc Co. Inc. 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 on 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.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of critical 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.