Global Trade Finance Market 2018-2022
About trade finance
Trade finance represents monetary activities related to commerce and international trade. Trade finance includes lending, factoring, the issue of letter of Credit (LC), export-credit services, and insurance services.
Technavio’s analysts forecast the Global trade finance market to grow at a CAGR of 3.75% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the trade finance market. To calculate the market size, the report considers the revenue generated from the commerce and international trading services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report –Global Trade Finance Market 2018-2022
Technavio recognizes the following companies as the key players in the trade finance market: BNP Paribas, Citigroup, HSBC Group, JPMorgan Chase, Wells Fargo
Commenting on the report, an analyst from Technavio’s team said: “The trend of rapid technological advances will be a key trend driving the market growth. Technological advances boost the increased automation and standardization of trade financing transactions. This reduces the risk of manual transactions and acts as a risk mitigation tool. “
According to the report, the involvement of clearing house and trade through financial market integration will drive the market growth. Clearing house serves the role of the intermediary between the buyers and sellers of financial instruments. These intermediaries minimize the degree of transaction risks.
Further, the report states that the impact of turbulent economic and political environment will impact the market growth. Multiple economies are still in the post-meltdown recovery phase, resulting in inadequate momentum and uncertain growth in such economies. This turbulent economic condition and uncertain political environment impact the financial markets in such economies.
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