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Trade Finance Market Size, Growth, Trends and Report | 2027 | Competitive Analysis and Segmentation

02-07-2023 04:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Trade Finance Market Size, Growth, Trends and Report | 2027 |

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, or export finance, represents numerous financial products that are used by organizations to manage international trade and commerce. It is commonly used by banks, trade finance companies, export credit agencies, importers, exporters, etc. Unlike general finance, trade finance introduces a third party to the transactions and is widely utilized to streamline cash flow and provide protection against the risks of international trade, including currency fluctuations, political instability, instances of non-payment, etc.

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

Trade Finance Market Trends:

The inflating urbanization levels and the escalating demand for safe and secure financial instruments are primarily augmenting the trade finance market. Furthermore, the widespread adoption of electronic devices, including optical character recognition (OCR), radio frequency identification (RFID), quick response (QR) codes, etc., to identify and track shipments and enhance the digital conversion of trading documents is propelling the market growth. Besides this, they assist in streamlining the manual process of document identification and simplifying trade transactions, which is acting as another significant growth-inducing factor. Additionally, the increasing integration of advanced technologies, such as Blockchain, artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), etc., with trade finance that enable organizations to use chatbots, natural language processing (NLP) and predictive analysis to recognize market patterns, resolve concerns, take appropriate measures, etc., is positively influencing the global market. Apart from this, the introduction of clearinghouses that analyze the financial capabilities of buyers and sellers is also stimulating the market growth. Moreover, extensive investments in the banking, financial services and insurance (BFSI) sector and improving supply chain capabilities are anticipated to fuel the trade finance market over the forecasted period.

Trade Finance Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the trade finance market has been studied in the report with the detailed profiles of the key players operating in the market.

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.

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States

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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