The Global Invoice Factoring Market is Expected to Reach
Portland, OR, Nov. 11, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the invoice factoring market was estimated to reach $1946.5 billion in 2021 and is projected to reach $4618.9 billion by 2031, registering a CAGR of 9.4% from 2022 to 2031. The report provides a detailed analysis of the major pockets of investment, winning strategies, drivers & opportunities, market size & estimates, competitive landscape and changing market trends. Market research is a useful source of information for early adopters, new entrants, investors and shareholders in developing strategies for the future and strengthening their position in the market.
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Report coverage and details:
|Year of reference||2021|
|Market size in 2021||$1946.5 billion|
|Market size in 2031||$4618.9 billion|
|Number of pages in the report||342|
|Segments Covered||Type, Application, Company Size, Vendor, Vertical, and Region.|
|Drivers||Increase in open account trading and technological advancements such as automated devices|
|Constraints||Absence of rigorous regulatory frameworks|
|Opportunities||Adoption of machine learning and artificial intelligence in cutting-edge sectors|
- Majority of businesses across the world were opting for factoring to meet their short-term cash requirements, which had a positive impact on the global invoice factoring market.
- This drift is also likely to persist after the pandemic.
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The global invoice factoring market is analyzed through segments such as type, application, company size, vendor, vertical, and region. The report contains an exhaustive analysis of the segments and their sub-segments using tabular and graphical representation. Investors and market participants can benefit from the breakdown and devise schemes based on the most revenue-generating and fastest-growing segments shown in the report.
Based on type, the resource factoring segment contributed almost three quarters of the global market revenue in 2021 and is expected to dominate by 2031. The same segment would also exhibit the fastest CAGR of 10.3 % throughout the forecast period. The non-resource factoring segment is also covered in the study.
By application, the domestic segment garnered the highest share in 2021, generating more than four-fifths of the global market. The international segment, on the other hand, would project the fastest CAGR of 12.8% from 2022 to 2031.
By enterprise size, the large enterprise segment held more than two-thirds of the total market revenue in 2021 and is expected to dominate by 2031. The small and medium enterprise segment, meanwhile, would manifest the Fastest CAGR 11.5% throughout the forecast period.
By vendor, the banking segment garnered more than three quarters of the total market share in 2021 and is expected to reign supreme by 2031. The NBFC segment, simultaneously, would exhibit the fastest CAGR of 12.7% while throughout the forecast period.
Based on the region, the European market generated more than two-thirds of the total market revenue in 2021 and is expected to retain the lion’s share by 2031. The Asia-Pacific region, however, would show the highest CAGR rapid 13.9% over the forecast period. Other regions studied in the report include North America and LAMEA.
Major market players analyzed in the Global Invoice Factoring Market report are Porter, Adobe, Barclays Bank UK PLC, ICBC, Intuit Inc., American Express Company, and Lloyds Bank. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures and others to showcase their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments of key players.
Main benefits for stakeholders
- This report provides a quantitative analysis of market segments, current trends, estimates and dynamics of the Invoice Factoring market outlook from 2021 to 2031 to identify opportunities in the Invoice Factoring market.
- Market research is offered with information related to key drivers, restraints, and opportunities.
- Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the invoice factoring market segmentation helps to determine the opportunity of the invoice factoring market in the current market.
- Major countries in each region are mapped according to their revenue contribution in the global market.
- The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
- The report includes analysis of regional and global Invoice Factoring market trends, key players, market segments, application areas and market growth strategies.
Key market segments
- Factoring with recourse
- Non-recourse factoring
size of the company
- Large companies
- Small and medium enterprises
- Health care
- Transport and logistics
- Energy and Utilities
- IT and Telecom
- North America (US, Canada)
- Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)
- LAMEA (Latin America, Middle East, Africa)
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