Press release
Letter of Credit Confirmation Market Size by L/C Type and End User, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021-2030
The letter of credit confirmation market was valued at USD 3918.8 million in 2020, and it is anticipated to reach USD 5094.7 million by 2030, registering a CAGR of about 2.72% during the forecast period (2021-2030).
Download Free Sample: https://reports.valuates.com/request/sample/ALLI-Manu-1V31/Letter_of_Credit_Confirmation_Market
Growing Concerns Related To Non-Payment Of Dues
The expansion of international trade has increased trade-related concerns as exporters and importers barely know each other. They belong to different countries. The political, social, and economic conditions are totally different increasing risks in international trade transactions. The extra security through the confirmation of the letter of credit by the confirming bank provides a payment guarantee even if the issuing bank or the importer fails to make the transaction. The banks check whether the letter of credit is valid or not. Hence it is preferred by traders. This in turn is expected to drive the growth of the letter of credit confirmation market during the forecast period.
Cybercrimes, And Online Frauds
Fraudulent activities have increased substantially as several intermediaries are involved in the online trading mechanism of issuer and beneficiary banks. Financial services are the prime targets for hackers as this gives them access to sensitive trade information. The data leakage and fake documents provided by importers and exporters are also a huge menace in the industry. These factors are expected to restrain the growth of the letter of credit confirmation market in the coming years. Globalization has increased operational risks.
Technological Innovations
The emergence of advanced technologies such as blockchain and DLT(Distributed Ledger Technology) has changed the entire landscape of the global trade finance industry. LCs(letters of credits) suffer from a variety of factors such as inefficiencies in the trading mechanism, contractual delays, high costs, and disputes over ambiguous terms and conditions. Automating contractual agreements on blockchain assures faster compliance, guaranteed payments, and elimination of lengthy paperwork thereby increasing convenience. These factors will augment the growth of the letter of credit confirmation market in the subsequent years.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-1V31/letter-of-credit-confirmation
Key Players
• Bank of America Corporation
• Citigroup, Inc.
• DBS Bank Ltd.
• JPMorgan Chase & Co
• Mizuho Bank, Ltd.
• MUFG Bank
• Scotiabank
• Standard Chartered
• Sumitomo Mitsui Banking Corporation
• The PNC Financial Services Group, Inc.
Inquire for Regional Data: https://reports.valuates.com/request/regional/ALLI-Manu-1V31/Letter_of_Credit_Confirmation_Market
Similar Reports:
1. Trade Surveillance System Market: https://reports.valuates.com/reports/ALLI-Manu-0Q70/trade-surveillance-systems
2. C4ISR Market: https://reports.valuates.com/reports/QYRE-Auto-29A2167/global-command-control-communications-computers-intelligence-surveillance-reconnaissance-c4isr
3. Surveillance Market: https://reports.valuates.com/reports/QYRE-Auto-J216/global-surveillance
4. Trade Finance Market: https://reports.valuates.com/market-reports/QYRE-Auto-6X849/global-trade-finance
5. Investment Banking & Trading Services Market: https://reports.valuates.com/market-reports/ALLI-Manu-4U36/investment-banking-trading-services
6. Trade Credit Insurance Market: https://reports.valuates.com/market-reports/QYRE-Othe-4N372/global-trade-credit-insurance
Phone:
U.S. (TOLL FREE) : +1 (315) 215-3225
India: +91 8040957137
Email Id:
Please reach us at sales@valuates.com
Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Letter of Credit Confirmation Market Size by L/C Type and End User, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021-2030 here
News-ID: 2614217 • Views: …
More Releases from Valuates Reports
2-Oxazolidinone Market Revenue, Insights, Overview, Outlook, Analysis | Valuates …
2-Oxazolidinone Market Size
The global market for 2-Oxazolidinone was valued at US$ 732 million in the year 2024 and is projected to reach a revised size of US$ 916 million by 2031, growing at a CAGR of 3.3% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-1I12558/Global_2_Oxazolidinone_Market?utm_source=Openpr&utm_medium=Referral
This report aims to provide a comprehensive presentation of the global market for 2-Oxazolidinone, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess…
Strontium-88 Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Re …
Strontium-88 Market Size
The global market for Strontium-88 was valued at US$ 89 million in the year 2024 and is projected to reach a revised size of US$ 126 million by 2031, growing at a CAGR of 5.2% during the forecast period.
Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-34T9158/Global_Strontium_Market?utm_source=Openpr&utm_medium=Referral
This report aims to provide a comprehensive presentation of the global market for Strontium-88, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess…
Cobalt Sulfate Heptahydrate Market Revenue, Insights, Overview, Outlook, Analysi …
Cobalt Sulfate Heptahydrate Market Size
The global market for Cobalt Sulfate Heptahydrate was valued at US$ 449 million in the year 2024 and is projected to reach a revised size of US$ 729 million by 2031, growing at a CAGR of 6.9% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-19T19438/Global_Cobalt_Sulfate_Heptahydrate_Market?utm_source=Openpr&utm_medium=Referral
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments…
Ultrasonic Fabric Cutting and Sealing Machine Market Revenue, Insights, Overview …
Ultrasonic Fabric Cutting and Sealing Machine Market Size
The global market for Ultrasonic Fabric Cutting and Sealing Machine was valued at US$ 1200 million in the year 2024 and is projected to reach a revised size of US$ 2091 million by 2031, growing at a CAGR of 8.2% during the forecast period.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-12M18905/Global_Ultrasonic_Fabric_Cutting_and_Sealing_Machine_Market?utm_source=Openpr&utm_medium=Referral
This report aims to provide a comprehensive presentation of the global market for Ultrasonic Fabric Cutting and…
More Releases for Credit
Credit Scores, Credit Reports & Credit Check Services Market Set for Explosive G …
Global Credit Scores, Credit Reports & Credit Check Services Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans…
Credit Repair Service Market Size in 2023 To 2029 | AMB Credit Consultants, Cred …
The Credit Repair Service market report provides a comprehensive analysis of the market-driving factors, major obstacles, and restraining factors that can impede market growth during the forecast period. This information can be particularly useful for existing manufacturers and start-ups as they develop strategies to overcome challenges and capitalize on lucrative opportunities. The report also offers detailed information about prime end-users and annual forecasts during the estimated period. This can help…
Credit Scores, Credit Reports & Credit Check Services Market is Going to Boom | …
Latest Study on Industrial Growth of Global Credit Scores, Credit Reports & Credit Check Services Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the Credit Scores, Credit Reports & Credit Check Services market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market,…
Credit Scores, Credit Reports and Credit Check Services Market is Booming Worldw …
Credit Scores, Credit Reports and Credit Check Services Market - Global Outlook and Forecast 2022-2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Credit Scores, Credit Reports and Credit Check Services Market. Some of…
Credit Scores, Credit Reports & Credit Check Services Market is Booming With Str …
The latest study released on the Global Credit Scores, Credit Reports & Credit Check Services Market by AMA Research evaluates market size, trend, and forecast to 2027. The Credit Scores, Credit Reports & Credit Check Services market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends,…
Credit Scores, Credit Reports & Credit Check Services Market May See Big Move | …
Global Credit Scores, Credit Reports & Credit Check Services Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure…
