Trade Finance Market Size is Projected to Reach US$ 70.0 Billion by 2028, Industry CAGR 6.2% | IMARC Group

According to IMARC Group's latest report, titled "𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖.' the global trade finance market size reached US$ 48.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 70.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Trade finance is a financial assistance offered to enterprises to help facilitate international trade and commerce. It involves the use of various products and financial instruments, which enables them to access working capital, thereby achieving liquidity to make investments, pay salaries, and pay suppliers. Unlike general finance, the functional wing of trade finance involves the introduction of a third party, such as banks, insurance companies, exporters, importers, trade finance firms, and credit agencies, to manage the transaction between the buyer and seller. Apart from this, trade finance aids in controlling the goods, monitoring the trade cycle through the transaction, providing security over the receivables, and mitigating the risks involved in international trade transactions.

𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/trade-finance-market/requestsample

𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The increasing global trade activities due to rapid urbanization and industrialization, particularly in emerging economies, is facilitating the demand for safe and secure financial instruments, such as trade finance. This represents the key factor driving the market growth. In line with this, digitization of trade financing operations has enabled enterprises to automate large volumes of financial and transactional information, which is acting as another growth-inducing factor. Additionally, the increasing utilization of developing technologies, such as optical character recognition (OCR), radio frequency identification (RFID), and quick response (QR) codes, to identify and track shipments and enhance the digital conversion of trading documents are further catalyzing the market growth. Besides this, the rising integration of trade finance with blockchain, artificial intelligence (AI), machine learning (ML), and the internet of things (IoT) technologies have enabled organizations to recognize market patterns, predict future issues, resolve concerns, anticipate demand, and take appropriate measures. This, in turn, is accelerating the flow of transactions, thereby creating a positive outlook for the market. Other factors responsible for the market growth include increasing investments in the banking, financial services, and insurance (BFSI) sector, the implementation of favorable government policies, and improving supply chain capabilities.

𝐓𝐫𝐚𝐝𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖 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.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐈𝐧𝐜𝐥𝐮𝐝𝐞:

• Asian Development Bank
• Banco Santander SA
• Bank of America Corp.
• BNP Paribas SA
• Citigroup Inc.
• Crédit Agricole Group
• Euler Hermes
• Goldman Sachs Group Inc.
• HSBC Holdings Plc
• JPMorgan Chase & Co.
• Mitsubishi Ufj Financial Group Inc.
• Morgan Stanley
• Royal Bank of Scotland
• Standard Chartered Bank
• Wells Fargo & Co.

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
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐅𝐫𝐞𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=2031&flag=E

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:                                                  
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.

𝐘𝐨𝐮 𝐌𝐢𝐠𝐡𝐭 𝐀𝐥𝐬𝐨 𝐑𝐞𝐚𝐝:

https://www.openpr.com/news/2997410/vehicle-recycling-market-size-is-projected-to-reach-us-160-2

https://www.digitaljournal.com/pr/news/india-footwear-market-size-is-projected-to-reach-us-27-7-billion-by-2027-industry-cagr-12-65-imarc-group

https://www.einpresswire.com/article/625764892/extended-reality-xr-market-size-to-reach-us-604-3-billion-by-2028-at-43-5-cagr

https://www.einpresswire.com/article/625757037/uae-health-insurance-market-size-is-projected-to-reach-us-11-8-billion-by-2028-industry-cagr-7-32-imarc-group

https://www.openpr.com/news/2985462/biosimilar-market-size-is-projected-to-reach-us-77-1-billion

𝐌𝐞𝐝𝐢𝐚 𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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