An In-depth Analysis of the Factoring Services Market: Trends, Challenges, and Growth Prospects.

PORTLAND, UNITED STATES, UNITED STATES, May 9, 2023 /EINPresswire.com/ -- Factoring Services Market by Provider (Banks, NBFCs), by Enterprise Size (Large Enterprises, SMEs), by Application (Domestic, International), by Industry Vertical (Construction, Manufacturing, Healthcare, Transportation & Logistics, Energy & Utilities, IT & Telecom, Staffing, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

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The global factoring services market size was valued at $3,271.45 billion in 2021, and is projected to reach $5,872.00 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. Factoring is a type of finance in which a business would sell its accounts receivable (invoices) to a third party to meet its short-term liquidity needs. Under the transaction between both parties, the factor would pay the amount due on the invoices minus its commission or fees.

Segment review

The factoring service market is segmented on the basis of by component, enterprise size, application, industrial vertical and region.
On the basis of component, the market is categorized into banks and NBFCs.
On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs.
On the basis of application, the market is classified into domestic and international.
On the basis of industrial vertical, it is classified into construction, manufacturing, healthcare, transportation and logistics, energy and utilities, it and telecom, staffing, and others.
By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the factoring service market are Advanon AG, ALAMI Technologies, Aldermore Bank PLC, AwanTunai, Barclays PLC, BNP Paribas, China Construction Bank, Deutsche Factoring Bank, Eurobank, Hitachi Capital (UK) PLC, HSBC Group, ICBC, KUKE Finance JS, Mizuho Financial Group, Inc, Riviera Finance of Texas, Inc, Societe Generale, and The Southern Bank Company. These players have adopted various strategies to increase their market penetration and strengthen their position in the factoring services industry.

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Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the factoring services market analysis from 2021 to 2031 to identify the prevailing factoring services market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the factoring services market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global factoring services market outlook.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global factoring services market trends, key players, market segments, application areas, and factoring services market opportunity.
The study provides an in-depth analysis of the global factoring services market forecast along with current & future trends to explain the imminent investment pockets.

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