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Trade Finance Market Size 2027: Industry Trends, Share, Outlook, Growth and Analysis

01-13-2023 08:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Trade Finance Market Size 2027: Industry Trends, Share,

According to IMARC Group's new report, titled "Trade Finance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the global trade finance market reached a value of US$ 44.8 Billion in 2021.Looking forward, IMARC Group expects the market to reach US$ 66.3 Billion by 2027, exhibiting a CAGR of 6.57% during 2022-2027.

Trade finance refers to the financial tools, instruments, or products that are utilized by various companies to accelerate international trade and commerce. It is generally employed in trade finance companies, banks, export credit agencies, and importers and exporters. The trade finance function is to introduce a third party to transactions employed to protect against political instability, currency fluctuations, and instances of non-payment.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/trade-finance-market/requestsample

Trade Finance Market Trends:

The growing international trade and rapid urbanization are among the key factors driving the market growth across the globe. Apart from this, the growing digitalization and increasing adoption of innovative technologies, like artificial intelligence (AI), blockchain, Internet of Things (IoT), and machine learning (ML) in trade finance, is bolstering the market growth. The usage of these advanced technologies is expected to enhance efficiencies, along with reducing the cost for players in the trade credit market. Moreover, such technologies help corporations to utilize natural language processing (NLP), predictive analysis, and chatbots to understand market patterns, anticipate demand, resolve concerns, and take applicable measures. Furthermore, the extensive usage of electronic systems, like quick response (QR) codes, radio frequency identification (RFID) readers, and optical character recognition (OCR), to increase the digitization of trade financing operations is further expected to escalate the market growth during the forecast period.

Key Market Segmentation:

The report has segmented the global trade finance market on the basis of finance type, offering, service provider and end-user.

Breakup by Finance Type:

Structured Trade Finance
Supply Chain Finance
Traditional Trade Finance

Breakup by Offering:

Letters of Credit
Bill of Lading
Export Factoring
Insurance
Others

Breakup by Service Provider:

Banks
Trade Finance Houses

Breakup by End-User:

Small and Medium Sized Enterprises (SMEs)
Large Enterprises

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2031&flag=E

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key Highlights of the Report:                                                           

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact Us:

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800

About Us:                                                                       

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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