The Supply Chain Finance Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Supply Chain Finance Global Market Report 2024, The supply chain finance market size has grown strongly in recent years. It will grow from $6.23 billion in 2023 to $6.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to globalization, regulatory changes, risk mitigation needs, collaboration trends, market competition, working capital optimization
The supply chain finance market size is expected to see strong growth in the next few years. It will grow to $9.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to sustainable finance, economic recovery, enhanced data analytics, regulatory adaptation, strategic partnerships. Major trends in the forecast period include technological integration, technology advancements, data analytics for risk management, digitization and technology integration, dynamic ecosystem collaboration.
Rise in investment in small and medium-sized enterprises (SMEs) for supply chain finance is expected to propel the growth of the supply chain finance market going forward. Small and medium-sized companies (SMEs) are businesses with sales, assets, or a specific number of employees that are less than a given size. Supply chain finance allows small and medium-sized enterprises (SMEs) to access larger volumes of bank credit based on the strength and volume of their trade transactions, where these credits are accessible at significantly lower interest rates to navigate working capital challenges and improve their overall financial health to ensures an uninterrupted flow of materials and services from their smallest suppliers to timely delivery of finished goods to their clients. For instance, in June 2021, European Investment Bank (EIB), a Luxembourg-based investment bank, partnered with Intesa Sanpaolo, an Italy-based leading bank. It allocated $19.39 billion (18 billion euros) fund for small and medium-sized Italian businesses to address and support the industrial supply chains and this scheme would support over 50,000 SMEs, 150 large corporates and mid-caps over the three years. Therefore, rise in investment in SMEs for supply chain finance drives the growth of the supply chain finance market.
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The supply chain finance market covered in this report is segmented –
1) By Offering: Export And Import Bills, Letter of Credit, Performance Bonds, Shipping Guarantees, Other Offerings
2) By Provider: Banks, Trade Finance House, Other Providers
3) By Application: Domestic, International
4) By End User: Large Enterprises, Small and Medium-sized Enterprises
Major companies in the supply chain finance sector are undergoing into strategic collaborations to strengthen and sustain their position in the market. Strategic collaborations in supply chain finance drive innovation, efficiency, and market expansion, contributing to the overall advancement and sustainability of solutions in a dynamic business landscape. For instance, in February 2023, Commerzbank AG, a Germany-based Commercial banking company, and T-Systems International GmbH, a Germany-based Information technology company, have collaborated to introduce automated supply-chain financial services. Leveraging IoT sensors, AI, 5G, and blockchain, T-Systems’ integration platform initiates orders and payments, executed fully automatically by Commerzbank. The solution aims to eliminate manual processes in logistics and billing, reducing errors and costs. The automated finance solution supports manufacturers, suppliers, and logistics companies, enhancing resilience and productivity in the supply chain.
The supply chain finance market report table of contents includes:
1. Executive Summary
2. Supply Chain Finance Market Characteristics
3. Supply Chain Finance Market Trends And Strategies
4. Supply Chain Finance Market – Macro Economic Scenario
5. Global Supply Chain Finance Market Size and Growth
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26. South America Supply Chain Finance Market
27. Brazil Supply Chain Finance Market
28. Middle East Supply Chain Finance Market
29. Africa Supply Chain Finance Market
30. Supply Chain Finance Market Competitive Landscape And Company Profiles
Top Major Players:
- JPMorgan Chase & Co
- Allianz Trade
- Alibaba
- Bank of America Corporation
- Citigroup Inc
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