Latest News- Factoring Market: Domestic is expected to lead the Type 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. The blockchain technology underpinning Bitcoin, a modern cryptocurrency and innovative financial technology, is experiencing significant growth in both value and mainstream adoption. This disruptive technology has the potential to revolutionize various sectors, including the financial services industry (BFSI). Notably, NASDAQ, a leading securities exchange, has implemented blockchain technology to support its new private share-trading market. Moreover, substantial investments in blockchain technology by numerous governments are propelling the expansion of the global blockchain market in the BFSI sector.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope in Factoring Market Research Report
Market Scope |
|
Report Coverage |
Details |
Page number |
193 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.5% |
Market growth 2025-2029 |
USD 2570.8 billion |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
8.1 |
Key countries |
China, France, Germany, Italy, Spain, UK, US, India, Brazil, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Factoring Market is witnessing significant advancements with the integration of Machine Learning (ML) and Artificial Intelligence (AI) in financial institutions' accounts receivable processes. ML and AI technologies are automating traditional processes involving cheques and digital documentation, leading to on-premise deployment and cloud-based models. AI-based models are revolutionizing sectors like international trade, medical insurance claims, laboratory services, ambulatory services, home health agencies, nurse staffing agencies, rehabilitation centers, and financial services. Potential investors in this market include those focused on debt, capital, trade finance, and supply chain finance. Cryptocurrency and various industries like healthcare and labor services are also adopting factoring solutions.
The Factoring Market encompasses the revenue generated by financial institutions facilitating the monetization of accounts receivable processes for businesses. Technavio's analysis of this market includes Machine Learning (ML) and Artificial Intelligence (AI) applications, cheques and their electronic alternatives, automation, on-premise deployment, digital documentation, cloud-based models, AI-based models, and the integration of Cryptocurrency, International trade, Bank segment, Medical insurance claims, and Laboratory services. This report excludes revenue from 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
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