Factoring Industry Outlook 2025-2029: Market Set to Cross $7909.26 Billion Milestone

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How Large Will the Factoring Market Size By 2025?
The size of the factoring market has experienced significant growth recently and is projected to swell from $5279.73 billion in 2024 to $5690.32 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.8%. The remarkable growth observed during the historical period is due to a robust economy in developing markets, expanded trading activities, an upsurge in small and mid-sized businesses, and an increased demand for operational capital.

How Big Is the Factoring Market Size Expected to Grow by 2029?
The anticipated growth of the factoring market size in the upcoming years is substantial, projecting a value of $7909.26 billion in 2029 with an annual compound rate of 8.6%. This growth during the forecasted period can be credited to the increasing globalization and cross-border payments, escalating government backing, and expansion of the transportation sector. Predominant trends during the forecasted period comprise of cloud-based factoring platforms, inclusion of environmental, social, and governance (ESG) initiatives, and strategic alliances and collaborations.

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Which Key Market Drivers Powering Factoring Market Expansion and Growth?
The escalation in activities related to cross-border commerce is predicted to boost the factoring market's expansion in the future. Cross-border trade encompasses operations linked to billing, collection, and consumer support that the Licensee, along with any affiliate or associated enterprise, undertake in reference to import, export, or transit of power or capacity under this license's conditions. Factoring offers companies in the cross-border trade sector immediate cash flow that can be utilized for bolstering growth and operations, enabling them to increase their borrowing capacity and access necessary resources for continuous global competition. To illustrate, according to InterTradeIreland, a UK-based agency focused on cross-border economic development, in 2022, the cross-border commerce between Northern Ireland and Ireland was projected to be approximately £10 billion (€12 billion), reflecting a 15% increase from the previous year. Therefore, the growing activities in cross-border trade are effectively fuelling the expansion of the factoring market.

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What Trends Will Shape the Factoring Market Through 2029 and Beyond?
Product innovation is currently trending in the factoring market, with leading firms concentrating their efforts on pioneering solutions to maintain their market presence. A case in point is Kyriba, a US-based financial and IT solutions provider, which in December 2022 unveiled 'Kyriba Receivables Finance'. This advanced factoring solution simplifies the invoice factoring process and offers a user-friendly platform for payment management. It offers greater transparency into cash flows and simplifies the monitoring and management of customer accounts. The tool also includes automatic payment processing and a secure, real-time dashboard showing real-time information on invoices and payments. Furthermore, the tool makes diverse financing and credit options available, facilitating businesses in obtaining capital swiftly.

What Are the Emerging Segments in the Factoring Market?
The factoringmarket 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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Who Are the Global Leaders in the Factoring Market?
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., 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

Which are the Top Profitable Regional Markets for the Factoring Industry?
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.

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