Factoring Market 2029: Import-Export, Industry Chain Structure and Development Opportunities | Deutsche Factoring Bank, Eurobank Ergasias SA, HSBC Group

Factoring Market

Factoring is a type financial service offered by the banks or the third-party financial service provider in which a seller trades its accounts receivables the factor at a discount rate in order to raise the funds. The seller gets immediate funds for the receivable and the factor holds the invoice and makes a small profit. It consists of three stakeholders namely seller, buyer and factor. The seller sells the goods to the buyer, raise the invoices and submit the invoices to the factor in order to raise funds whereas the factor verifies the invoices. The factor pays the 80% of the fund to the seller and remaining 20% fund after the buyer make payment to the factor whereas the interest charged  pay at the same time or may be in arrears depends on type of agreement. The cost of factoring is measured by the financing volume and the credit quality of invoices. Typically, the commission fees range from 1.15% to 3.5% per month.
Growing awareness pertaining to the advancement of financial technology, such as money transfer and payments, budgeting and financial planning, borrowing, saving and investment, and insurance, drives the adoption of Fintech. For instance, the adoption rate of Fintech globally has seen a continuous upward trend, such as, in 2019, the adoption rate of china and India is 87%, whereas for Australia, Canada, Hong Kong, Singapore, the U.K. and the U.S. is 58%, 50%, 67%, 67%, 71%, and 46%, respectively.
The Fintech companies’ offers significant legitimacy and safety solution, which monitors the SMEs transaction process. This engenders a win-win situation for the large banks and SMEs to thrive in the factoring industry. FundBox, a U.S.- based company, offers fintech solutions to SMEs. Fundbox allows SMEs to incorporate their accounting software or business bank account to its Fundbox application. This integration renders Fundbox with precise information regarding the business performance, enabling data-driven decision making concerning continuation or termination of the business relationship with the SMEs.
Advent of information technology has revolutionized the financial sector significantly. Innovative solution in financial sector has automated the transaction process in the factoring industry. Also, adoption of automated solution has not only increased the financial sector but also enhanced the security and planning solution. The implementation of crypto-solution has improved the accurate transactions and secured the critical information of both the parties (i.e Supplier and buyers of factoring process), thus preventing from the financial frauds. According to Unicsoft, one of the solution providers of blockchain has identified the some of the application areas where most of the companies are implementing the blockchain in factoring process.
Export factoring permits trade to be carried out on open account terms and assists, especially if there are short-term sales of products and where there may be a risk of non-payment. It inhibits the credit and collection troubles in the case of international sales and accelerates cash flows, thereby assisting in credit risk mitigation and provides liquidity in the business. It paves a way to provide easy finance to the exporters. Export factoring helps exporters to upturn the sales volume by offering open account terms to the importers, enabling the importers to place large orders. Moreover, factoring companies also ensure the payment from the importers, and in case if the importer defaults on a payment due to bankruptcy, the exporters hold no responsibility for the default. This provision significantly attracts exporters to international factoring. Exporters are also adopting international factoring considerably as they have realized that it can help them to become more competitive in complex world market conditions.
Europe dominates the global factoring market, with 66% of the total market share. Nowadays, factoring is considered as a secured short-term financing product committed to the development of economy and employment in Europe. Europe’s factoring market growth is primarily attributed to the presence of the key players, including Deutsche Factoring Bank, the Eurobank Group, HSBC Holdings, and many others.

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The Major Prominent Players Covered in this Report:
Deutsche Factoring Bank, Eurobank Ergasias SA, HSBC Group, BNP Paribas, Mizuho Financial Group, Inc., ICICI Bank Limited, and Axis Bank among others

By Type
Domestic Factoring
International Factoring

By Application
Small and Medium Enterprises (SMEs)
Large Enterprises & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2021 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Factoring Market Trends:
- The report identifies, determines, and forecasts the Global Factoring Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Factoring Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Factoring Market.

Key Questions Answered in The Report:
What will the Factoring market growth rate?
What are the key factors driving the global Factoring market?
Who are the key manufacturers in the Factoring market space?
What are the market opportunities, market risk, and market overview of the Factoring market?
What are sales, revenue, and price analysis of top manufacturers of the Factoring market?
Who are the distributors, traders, and dealers of the Factoring market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Factoring Industry?
What are sales, revenue, and price analysis by regions of Factoring industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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