Supply Chain Finance Market Size, Share,Growth, Industry, Forecast and outlook (2024-2031)

The supply chain finance market is growing with advanced and innovative solutions, providing transformative changes that redefine how businesses operate within their supply chains. The future will witness a surge in technology-based SCF solutions, enabling businesses to access flexible financing options and streamline payment processes across fragmented supply chains. Businesses will have a wider array of financing options to choose from, including banks, NBFCs and private players, resulting in a larger pool of invoice financing opportunities.The growth of the supply chain finance market is evident from recent statistics and market trends. The world supply chain finance report 2022 reveals a substantial expansion in supply chain finance fund volumes between 2020 and 2021. The global volume surged by an impressive 38%, reaching USD 1.8 trillion and the funds in use experienced a robust growth of 41%, totaling US$713 billion. The surge highlights the increasing importance of supply chain finance as a strategic financial tool for businesses globally.

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Market Dynamics

The supply chain finance market is expected to be driven by new technology advances and innovations, the adoption of fintech solutions by large corporations like Apple, Colgate, Dell, P&G, Kellogg's and Siemens illustrates how technology is being leveraged to access previously untapped capital within their supply chains. Cloud-based electronic invoicing solutions like Tradeshift and NvoicePay emerged, gradually expanding their offerings to include invoice approval and financing services.The introduction of Clear Finance Cloud, a cloud software product developed by Clear, a prominent fintech SaaS firm in India, represents a significant technological advansupply chain finance for supply chain finance. The platform enables enterprises to automate their entire finance function, from vendor onboarding to vendor payments. Clear Finance Cloud seamlessly integrates with an enterprise's core ERP systems, such as SAP oracle, Microsoft and Tally. The integration enhances the overall user experience by providing a fully integrated solution.

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Segment Analysis

Small and medium-sized enterprises hold the largest market share in supply chain finance solutions, driven by the need to enhance working capital management, reduce financial risks and support business growth. By facilitating early payments for suppliers through supply chain finance, SMEs can alleviate liquidity pressure, reduce financial risks and strengthen their overall financial health. The partnership between Emirates Development Bank and Trade Capital Partners demonstrates the growing recognition of the importance of supporting SMEs through tailored financial solutions.Furthermore, the Asian Development Bank and Deutsche Bank AG collaborated on a supply chain finance transaction as part of ADB's Supply Chain Finance Program, aimed at providing financing to small and medium-sized enterprises in developing Asia. The partnership supported SME suppliers to the Landmark Group, a major retailer based in the Middle East. The program aimed to enhance SME growth and job creation by improving working capital access for suppliers located in countries such as Bangladesh, China, India, Sri Lanka and Vietnam.

Competitive Landscape

The major global players in the market include Citibank, J.P. Morgan Chase, HSBC, Standard Chartered, Wells Fargo, Banco Santander, BNP Paribas, Deutsche Bank oracle and Taulia.

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