Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR40571

  • Latest News- Trade Finance Market: Traditional trade finance is expected to lead the Type segment during 2025-2029

    The Trade Finance Market is being driven by Growing number of exports

    The Trade Finance Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18602.2 million. In the business world, particularly within the Banking, Financial Services, and Insurance (BFSI) sector, technology plays a pivotal role in driving efficiency and innovation. One such area where technological advancements have significantly impacted operations is trade financing. For instance, the Bank Payment Obligation (BPO) within SWIFT's trade service utility represents an irrevocable commitment given by one bank to another, following the successful matching of pre-defined data. This automated process streamlines manual tasks, functions as a risk mitigation tool, and optimizes working capital for banks. Moving forward, the integration of cutting-edge technologies like blockchain, artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) into trade finance services is anticipated to address various banking and trade financing challenges, enhancing overall productivity and security. 

    Get more information on Trade Finance Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Traditional trade finance
      • Supply chain finance
      • Structured trade finance
    • End-user
      • Importers and exporters
      • Banks and financiers
      • Insurers and export credit agencies
    • Product Type
      • Letters of credit
      • Supply chain finance
      • Trade credit insurance
      • Documentary collections
      • Others
    • Business Segment
      • Domestic trade finance
      • International trade finance
    • Geography
      • North America
        • Canada
        • US
      • Europe
        • Germany
        • UK
        • France
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • Middle East and Africa
        • South America

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

        • Growing number of exports
        • Enhanced cash flows leading to business growth
        • Emergence of clearing houses

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

        • Impact due to protectionist policies and trade war
        • Lack of access to trade financing among SMEs
        • Need to adhere to strict regulations and compliance

        Benefits of Buying Global Trade Finance Market Research Report by Technavio

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        Market Scope in Trade Finance Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        247

        Base year

        2024

        Historic period

        2019-2023

        Forecast period

        2025-2029

        Growth momentum & CAGR

        Accelerate at a CAGR of 5.7%

        Market growth 2025-2029

        USD 18602.2 million

        Market structure

        fragmentation

        YoY growth 2024-2025(%)

        5.1

        Key countries

        US, China, Germany, UK, Canada, France, India, Japan, The Netherlands, and South Korea

        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

        Research Analysis Overview

        The Trade Finance Market encompasses various financial products and services, including invoice discounting, pre-shipment finance, and post-shipment finance. These solutions help manage trade receivables and payables, mitigating trade finance risk through fraud prevention, security measures, and regulatory compliance. Standardization, interoperability, and automation are key drivers for optimization and innovation in this sector. Trade finance experts and consultants leverage technology on platforms to provide customized solutions for businesses.

        Market Research Overview

        The global diversified financial services market encompasses businesses primarily engaged in providing a range of financial services, including trade finance solutions such as letter of credit, documentary collection, trade credit insurance, export finance, and import finance. These companies also offer banking, insurance, and capital markets services. According to Technavio, market size is determined by the consolidated revenue generated from the sale of bonds and stocks in capital markets. The market's expansion will be fueled by the digital transformation, enabling financial institutions to optimize operations and enhance customer experience through advanced technologies and platforms.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

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