Global Invoice Factoring Market: Surges to USD 4.55 Billion by 2030 with 10.11% CAGR

Bykalpesh rajput
MaximizeMarketResearch

Global Invoice Factoring Market to Balloon to US$4.55 Billion by 2030, Boasting 10.11% CAGR

Market Overview:

The global invoice factoring market is poised for a significant surge, with experts predicting a value of US$4.55 billion by 2030, translating to a robust CAGR of 10.11% during the 2024-2030 forecast period. This remarkable growth is fueled by rising demand for alternative financing solutions, particularly among small and medium-sized enterprises (SMEs).

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Report Scope:

This comprehensive report delves into the intricate details of the invoice factoring market, covering:

  • Market size and projected growth
  • Key factors driving and hindering market expansion
  • Competitive landscape analysis
  • Regional market insights
  • Emerging trends shaping the future of the industry

Research Methodology:

To ensure accurate and reliable information, the report leverages a blend of primary and secondary data sources. Primary data is gathered through direct interactions with industry professionals and participants, while secondary data is meticulously compiled from credible public and private databases, relevant publications, and official government websites.

Segmentation:

For a granular understanding, the report segments the market based on:

Outlook for Application Segment In 2023, domestic companies held a revenue share of over 65%, dominating the worldwide invoice factoring market. Within a nation, domestic factoring occurs. Domestic factoring is the process of acquiring, funding, overseeing, and collecting short-term accounts receivable arising from the supply of goods and services to domestic customers. The items are distributed via an open account credit system with a 180-day period. Conversely, international factoring is the segment that is expected to increase at the fastest rate during the projected period. For businesses that import and export goods and services, international factoring is an essential service. Importers frequently ask companies engaged in international trade for account trade and extended repayment periods, regardless of size or industry.

Outlook for the Enterprise Size Segment: During the forecast period, small and medium-sized businesses are anticipated to grow at the highest rate of 11.2%. Since they are the primary consumers of this financing facility and because the global rates for recourse and non-recourse factoring are almost equal, small and medium-sized enterprises (SMEs) are anticipated to dominate the factoring services industry. On the other hand, it is anticipated that the major enterprises segment will grow rapidly over the estimated time. Short-term lending in developing nations is likely to be encouraged by large firms’ increasing need for non-recourse financing, which will provide debt security, job prospects, and growth.

Regional Insights:

The Asia Pacific region is expected to lead the charge, propelled by its burgeoning economy and thriving SME sector. North America and Europe remain stable markets, showcasing strong growth potential as well.

Key Players:

Several prominent players contribute to the dynamics of the invoice factoring market, including:

  • Porter Capital
  • Adobe
  • Barclays Bank UK PLC
  • ICBC
  • Intuit Inc.
  • American Express Company
  • Lloyds Bank
  • Sonovate
  • Waddle
  • Velotrade
  • eCapital
  • Triumph Business Capital
  • Breakout Capital
  • Nav
  • altLINE
  • Riviera Finance
  • RTS Financial
  • Fundbox
  • Paragon Financial Group

Disclaimer: This press release provides a condensed version of the comprehensive market research report, excluding all its intricacies. Refer to the complete report for further details.

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