Factoring Market PPT 2023: Size, Growth, Demand and Forecast Till 2028

Author: Elena Anderson

Marketing Manager

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Global Factoring Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Factoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-202 8

," the global factoring market size reached US$ 3,626.5 Billion in 2022.

Also known as debtor financing, factoring is an asset-based financial arrangement wherein a business sells its accounts receivables to a third party at a discount. It assists in generating instant liquidity, providing cash flow optimization and credit protection against bad debts, debtor insolvency, and losses. It also aids in facilitating business continuity without disruptions. As it does not create any liability on the balance sheet, it is a highly preferred option for trade financing receivables around the world.

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Global Factoring Market Trends:

There is a considerable rise in cross-border factoring on account of the increasing open account trade and emerging markets across the globe. This, in confluence with the growing need for an alternative source of financing small and medium enterprises (SMEs), represents one of the key factors positively influencing the market. Apart from this, as factoring services are easy and flexible and offer same-day funding at substantial rates, they are increasingly being adopted by technology companies worldwide.

Furthermore, the integration of cryptocurrency and blockchain technology with factoring is enabling the automation of invoices. This, along with the thriving banking, financial services, and insurance (BFSI) sector, is strengthening the growth of the market.

Looking forward, the market value is projected to reach US$ 5,179.3 Billion by 2028, expanding at a CAGR of 6.36% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/factoring-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

• International

• Domestic

Breakup by Organization Size:

• Small and Medium Enterprises

• Large Enterprises

Breakup by Application:

• Transportation

• Healthcare

• Construction

• Manufacturing

• Others

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• Advanon AG (CreditGate24 (Schweiz) AG)

• Aldermore Bank PLC (FirstRand Group)

• Bluevine Capital Inc

• BNP Paribas S.A

• Deutsche Leasing AG (Deutsche Sparkassen Leasing AG & Co. KG)

• Eurobank Ergasias SA

• HSBC Holdings Plc

• Mizuho Financial Group Inc

• Société Générale S.A

• The Southern Bank Company Inc

1. What was the size of the global factoring market in 2022?

2. What is the expected growth rate of the global factoring market during 2023-2028?

3. What are the key factors driving the global factoring market?

4. What has been the impact of COVID-19 on the global factoring market?

5. What is the breakup of the global factoring market based on the type?

6. What is the breakup of the global factoring market based on the organization size?

7. What is the breakup of the global factoring market based on application?

8. What are the key regions in the global factoring market?

9. Who are the key players/companies in the global factoring market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/factoring-market/toc

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