Kyriba Introduces Cutting-Edge Factoring Solution To Enhance Receivables Management Trend: A Crucial Influence on the Factoring Market's Transformation in 2025

What industry-specific factors are fueling the growth of the factoring market?
The ascent of international trade activities is predicted to fuel the expansion of the factoring market in the future. Cross-border trade involves the tasks linked with billing, collecting, and customer service that the Licensee, or any affiliate or associated business of the Licensee, carries out in relation to the import, export, or transit of capacity or power under the terms of this license. Factoring offers these international trade organizations immediate capital, which can be utilized to boost growth and operations by selling their outstanding receivables to another firm. This method also enables them to enhance their borrowing capability and secure the resources required for ongoing global competition. For example, InterTradeIreland, a UK-based agency supporting cross-border economic growth, found that in 2022, Northern Ireland and Ireland's cross-border trade was valued at £10 billion (€12 billion), marking a growth of 15% from the year before. Consequently, escalating cross-border trade activities are spurring the development of the factoring market.

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What Is the projected market size and growth rate for the factoring market?
In recent times, the size of the factoring market has experienced robust growth. Its expansion is predicted to continue from a value of $5279.73 billion in 2024 to an estimated $5733.39 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.6%. The historic escalation is believed to be due to factors such as the vigorous economic expansion in developing markets, an uptick in trading affairs, an augmenting count of small to medium-sized enterprises, as well as an increasing requirement for working capital.

The size of the factoring market is predicted to experience robust expansion in the coming years, with an estimated valuation of $7935.05 billion by 2029, reflecting an 8.5% compound annual growth rate (CAGR). The projected surge during the forecast period is primarily driven by an increase in globalization and cross-border transactions, augmented government backing, and an expanding transportation industry. Key trends for the period include the adoption of cloud-based factoring systems, advancement of environmental, social, and governance (ESG) components, and an emphasis on strategic alliances and cooperation.

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What new trends are reshaping the factoring market and its opportunities?
Innovating products has become a prime trend in the factoring market, with major corporations implementing novel strategies to maintain their market position. This was exemplified in December 2022 when Kyriba, a US organization specializing in financial and IT solutions, introduced Kyriba Receivables Finance. The advanced factoring solution not only expedites invoice factoring but also offers a user-friendly platform for managing payments. This solution provides increased cash flow visibility, making the monitoring and managing of customer accounts more straightforward. The platform also incorporates automated payment processing and a real-time, secure dashboard delivering timely updates on invoices and payments. Moreover, it provides various financing and credit options to enable businesses to have swift access to capital.

What major market segments define the scope and growth of the factoring market?
The factoring market covered in this report is segmented -

1) By Type: Recourse, Non-Recourse
2) By Organization Size: Small And Medium Enterprises, Large Enterprises
3) By Category: International, Domestic
4) By Application: Transportation, Healthcare, Construction, Manufacturing, Other Applications

Subsegments:
1) By Recourse Factoring: Standard Recourse Factoring, Selective Recourse Factoring
2) By Non-Recourse Factoring: Full-Service Non-Recourse Factoring, Partial Non-Recourse Factoring

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Which region dominates the factoring market?
Asia-Pacific was the largest region in the factoring market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the factoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the factoring industry growth?
Major companies operating in the factoring market include Société Générale S.A., BNP Paribas, China Construction Bank Corporation, Deutsche Bank AG, HSBC Group,Barclays Bank PLC, Jp Morgan Chase, Mizuho Financial Group, Inc., Wells Fargo & Company, Eurobank, one PMF Capital, Sheng Ye Capital, Velotrade, India Factoring and Finance Solutions Pvt. Ltd., Freightnet, Tim Finance, Business Capital Financial Group, Work Capital, Cash flow Finance, IDS, Oceana, Globalia Conseil, Credit Agricole, Bibby Factor France, PMF, Finiata, Kurn Rechtsanwälte, Eurofactor Credit, Arvato Financial Solutions, CRX Markets, Unicredit Bank, SberFactoring, EXIMBANK, Finora Bank, VTB Factoring LLC, TAM Finans, Ifis Finance I.F.N, Instant Factoring, Otp Factoring SRL, SME Banking Club, DSA Factors, REV Capital, Rosenthal & Rosenthal, Inc., The Southern Bank Company, American Receivable, Factor Funding Co, Banco do Brasil S.A., Caixa Econômica Federal, Santander Brasil, Factors Chain International Argentina (FCI Argentina), Fintech Floid, Supervielle Factoring, Dar Al Tawreeq, Reem Finance PJSC, iFund Factoring Forfaiting Services, Saudi Real Estate Refinance Company, Lendo, Asyaf Investments, ING Factoring, Halperin Consulting Group, Platinum Financing Group, Afreximbank, FirstRand Bank, Stanbic Bank, NMB Bank

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What Is Covered In The Factoring Global Market Report?

• Market Size Forecast: Examine the factoring market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the factoring market for a structured understanding.
• Key Players Overview: Analyze major players in the factoring market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the factoring market.
• Segment Contributions: Evaluate how different segments drive overall growth in the factoring market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the factoring market.
• Industry Challenges: Identify potential risks and obstacles affecting the factoring market.
• Competitive Landscape: Review strategic developments in the factoring market, including expansions, agreements, and new product launches.

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