With 6.2% CAGR, Keyword Market Growth to Surpass US$ 70.0 Billion Till 2023-28
How big is the trade finance market?
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.
Request to Get the Sample Report: https://www.imarcgroup.com/trade-finance-market/requestsample
What are trade finance?
Trade finance encompasses financial support provided to businesses, facilitating their engagement in global trade and commerce. This assistance encompasses a diverse range of financial tools and products that empower enterprises to access working capital. Consequently, they can achieve liquidity necessary for investments, payroll disbursement, and supplier payments. Distinguished from conventional finance, trade finance integrates third-party entities such as banks, insurance companies, exporters, importers, trade finance firms, and credit agencies into the operational framework. These entities collaborate to oversee transactions between buyers and sellers. Beyond this, trade finance plays a pivotal role in supervising goods, monitoring the trade cycle throughout transactions, offering security for receivables, and mitigating risks inherent to international trade dealings.
What are the growth prospects and trends in the trade finance industry?
The growth of global trade is on the rise, primarily due to rapid urbanization and industrialization, particularly in emerging economies. This surge in trade activity is driving the demand for secure financial instruments like trade finance, serving as a pivotal factor for market expansion. Additionally, the digitization of trade finance operations has empowered businesses to automate substantial amounts of financial and transactional data, contributing significantly to this growth.
Furthermore, the adoption of advanced technologies such as optical character recognition (OCR), radio frequency identification (RFID), and quick response (QR) codes for shipment identification and document digitization is further fueling market expansion. Moreover, the integration of trade finance with cutting-edge technologies like blockchain, artificial intelligence (AI), machine learning (ML), and the internet of things (IoT) has enabled organizations to analyze market trends, anticipate future challenges, resolve issues, forecast demand, and take appropriate actions, thereby accelerating transaction flow and creating a positive market outlook.
Additional factors contributing to market growth include increased investments in the banking, financial services, and insurance (BFSI) sector, favorable government policies, and enhancements in supply chain capabilities.
Buy Now: https://www.imarcgroup.com/checkout?id=2031&method=1
Who are the key players operating in the industry?
The report covers the major market players including:
Asian Development Bank
Banco Santander SA
Bank of America Corp.
BNP Paribas SA
Crédit Agricole Group
Goldman Sachs Group Inc.
HSBC Holdings Plc
JPMorgan Chase & Co.
Mitsubishi Ufj Financial Group Inc.
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
Breakup by Service Provider:
Trade Finance Houses
Breakup by End-User:
Small and Medium Sized Enterprises (SMEs)
Breakup by Region:
Middle East and Africa
Explore full Report with TOC & List of Figures: 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 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.
134 N 4th St
Brooklyn, NY 11249, USA
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
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.
This release was published on openPR.
Permanent link to this press release:
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 With 6.2% CAGR, Keyword Market Growth to Surpass US$ 70.0 Billion Till 2023-28 here
News-ID: 3211063 • Views: 446
More Releases from IMARC Group
GCC Furniture Market Report, Future Growth, Segments, Business Strategies and Fo …
IMARC Group has recently released a new research study titled "GCC Furniture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market
Cyber Security Market in India To Exhibit a Growth Rate of 18.33% during 2023-20 …
How big is Cyber security market in India? IMARC Group, a leading market research company, has recently releases report titled "India Cybersecurity Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The India cybersecurity market is projected to exhibit a growth rate (CAGR) of 18.33% during 2023-2028. What is Cybersecurity? Cybersecurity refers to protecting networks, computer systems, and sensitive data from cyberattacks, unauthorized access, and data breaches. It comprises a range of
Cookies Market Size in India 2023 | Industry Overview and Forecast till 2028
IMARC Group, a leading market research company, has recently releases report titled "India Cookies Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The India Cookies market is projected to exhibit a growth rate (CAGR) of 6.5% during 2023-2028. What is Cookies? Cookies are baked confectionaries that are composed of ingredients, such as flour, sugar, and butter, and are often enriched with chocolate chips, nuts, or fruits to offer a delightful
India Stout Market Demand, Top Brands, Price Trends, Business Opportunity 2023-2 …
IMARC Group, a leading market research company, has recently releases report titled "India Stout Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The India stout market is projected to exhibit a growth rate (CAGR) of 5.9% during 2023-2028. What is Stout? Stout is a robust and distinct style of beer that is known for its deep, dark color and rich, malty flavor. It is characterized by its roasted barley, which
More Releases for Finance
Big Boom in Environmental Finance Market 2020-2027 | Environmental Finance (Fult …
According to a report on Environmental Finance Market, recently added to the vast repository of Research N Reports, the global market is likely to gain significant impetus in the near future. The report, titled “Global Environmental Finance Market Research Report 2020,” further explains the major drivers manipulating industry, the possibility of development, and the challenges going up against the administrations and industrialists in the market. This research study portrays an
PLATINUM GLOBAL BRIDGING FINANCE - BRIDGING FINANCE, DEVELOPMENT FINANCE AND COM …
If your business is looking to finance bridging, development or commercial financing we have contacts with lenders and banks in over 25 countries around the world. Our specialist knowledge can help you get the ideal financing in place. Platinum Global Bridging Finance is a specialist bridging loan lender. They deliver the loan financing that suits you and your clients desired financing. Their aim is to be crystal clear, so they offer
Global Environmental Finance Market Leading Players are Environmental Finance (F …
Global Environmental Finance Market Insights, Size, Share, Forecast to 2025 This report studies the Environmental Finance Market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2019-2025; this report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The main goal for the dissemination of this information is to
Global Consumer Finance Services Market Forecast to 2025, Top Key Players- Bajaj …
The Consumer Finance Services Market Research Report is a valuable source of insightful data for business strategists. It provides the Consumer Finance Services overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Consumer Finance Services market study provides comprehensive data which enhances the understanding, scope and application
Why Consumer Finance Market is Growing Worldwide? Watch out by top key players B …
The split of retail banking that deals with lending money to consumers. Consumer finance market is growing due to increasing per capita income, high economic growth, rapid urbanization and rise in consumer spending power. Rising consumer favorite towards the use of credit cards owing to the associated benefits related to it such as reward points and a host of promotional offers like movie tickets, discounts on flight bookings etc., is likely
Consumer Finance Market 2018- Bajaj Capital, Birla Global Finance, ICICI, LIC Ho …
This report studies the global market size of Consumer Finance in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Consumer Finance in these regions. This research report categorizes the global Consumer Finance market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers,