Latest News- Factoring Market: Domestic is expected to lead the Application segment during 2025-2029

The Factoring Market is being driven by Growing need for alternative sources of financing for MSMEs

The Factoring Market is expected to grow at a CAGR of 9.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2570.8 billion. Bitcoin, as the most advanced cryptocurrency and a significant financial innovation, is driving substantial growth in value and acceptance within the mainstream payment sector. Underlying this trend is the blockchain technology, which holds the potential to revolutionize various industries, including factoring, by enhancing transparency and security. Notably, NASDAQ, the National Association of Securities Dealers Automated Quotations, has adopted blockchain to support its new private share-trading market. The global blockchain technology market in the BFSI sector is experiencing significant expansion due to increased investments from various governments. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Domestic
  • International
• Enterprise Size
  • SMEs
  • Large enterprise
• Type
  • Recourse
  • Non-Recourse
• End-User
  • Manufacturing
  • Transport & Logistics
  • Information Technology
  • Healthcare
  • Construction
  • Staffing
  • Others
• Provider
  • Banks
  • NBFCs
  • Banks
  • NBFCs
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • North America
    • Canada
    • Mexico
    • US
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing need for alternative sources of financing for MSMEs
• Improved inventory management
• Enhanced liquidity for efficient working capital management

However, the market also witnesses some limitations, which are as follows:

• Lack of stringent regulatory framework for debt recovery mechanism in developing countries
• Rising interest rates and inflation globally
• Competition from alternative sources

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Market Scope in Factoring Market Research Report

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Research Analysis Overview

The Factoring Market encompasses various financing solutions, including invoice financing and debt financing, which provide businesses with early payment discounts and credit risk mitigation. Asset-based lending, financial leverage, and working capital optimization are other key offerings. Supply chain financing, trade finance, and international trade are essential components, with trade credit insurance and receivables financing also prominent. Short-term lending, alternative financing, and fintech solutions, including digital platforms, invoice automation, electronic invoicing, payment gateways, data analysis, and risk management, are transforming the industry. The regulatory landscape, financial reporting, business strategy, corporate finance, sales and marketing, customer relationship management, growth strategy, operational excellence, technology adoption, digital transformation, artificial intelligence, machine learning, cloud computing, and big data are crucial factors shaping the market's evolution.

Market Research Overview

The Factoring Market encompasses revenue generated from accounts receivable financing, invoice factoring, purchase order financing, asset-based lending, and receivables financing solutions provided to specialized consumer service businesses. These services include residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. According to Technavio's market research, the global market size for these services is calculated based on the revenues generated by these providers. Excluded from this analysis are consumer services classified under casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/