The Factoring Global Market Report 2023, provides comprehensive information on the factoring market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Factoring Market’s Growth:
https://www.thebusinessresearchcompany.com/report/factoring-global-market-report
The global factoring market size is expected to grow from $3,336.21 billion in 2022 to $3,610.54 billion in 2023 at a compound annual growth rate (CAGR) of 8.22%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global factoring market size is expected to reach $4,799.21 billion in 2027 at a CAGR of 7.37%.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=9142&type=smp
Product innovation has emerged as the major trend gaining popularity in the factoring market. Major companies operating in the factoring market are focused on innovative solutions to sustain their position in the market. For instance, in December 2022, Kyriba, a US-based financial and IT solutions provider company, launched Kyriba Receivables Finance, a technically advanced factoring solution that streamlines the process of factoring invoices and provides an easy-to-use platform to manage payments. The solution provides enhanced visibility into cash flow and makes it easier to monitor and manage customer accounts. The platform also offers automated payment processing and a secure, real-time dashboard that provides up-to-date information on invoices and payments. Additionally, the solution provides access to a range of financing and credit options to help businesses access capital quickly.
The factoring market is segmented:
1) By Type: Recourse, Non-Recourse
2) By Category: International, Domestic
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Transportation, Healthcare, Construction, Manufacturing, Other Applications
Asia-Pacific was the largest region in the factoring market in 2022.
The table of contents in TBRC’s factoring market report includes:
1. Executive Summary
2. Factoring Market Characteristics
3. Factoring Market Trends And Strategies
4. Factoring Market – Macro Economic Scenario
5. Factoring Market Size And Growth
………………………………………..
26. Africa Factoring Market
27. Factoring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Factoring Market
29. Factoring Market Future Outlook and Potential Analysis
30. Appendix
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
