According to the new report by IMARC Group, titled “Trade Finance Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecasts 2022-2027”. the global trade finance market reached a value of US$44.8 billion in 2021. Trade finance, also known as export finance, represents several financial products and instruments used by organizations to control and managing international trade and commerce. such as structured trade finance, supply chain finance, traditional trade finance, etc. Trade finance instruments are mainly administered by banks and financial institutions. They help streamline cash flow and provide protection against international trade risks, including currency fluctuations, non-payment, political instability, etc. Therefore, trade finance products are in high demand by small, medium and large businesses, traders, exporters and importers in all countries.
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Trade finance market trends:
Rising levels of urbanization and increasing expansion of global trade ties are among the major factors driving the trade finance market. Additionally, the development of advanced technologies, such as artificial intelligence (AI), blockchain, machine learning (ML), and the Internet of Things (IoT), which enable the use of natural language processing ( NLP), chatbots and predictive analytics to solve problems, recognize market patterns, anticipate demand, etc., acts as another important driver of growth. Additionally, the increasing use of Quick Response (QR) codes, Optical Character Recognition (OCR) and Radio Frequency Identification (RFID) readers to enhance the digitization of trade finance transactions is also positively influencing the market growth. In addition, inflation of investments in the banking, financial services and insurance (BFSI) sector and the introduction of clearinghouses that analyze the financial capabilities of sellers and buyers are expected to boost the trade finance market during of the forecast period. Looking ahead, IMARC Group expects the market to reach US$66.3 billion by 2027, growing at a CAGR of 6.57% during the period 2022-2027.
Key Market Segmentation:
The IMARC group provides an analysis of the main trends in each sub-segment of the global trade finance market, as well as forecasts at the global, regional and country levels from 2022 to 2027. Our report has categorized the market according to type of finance , the offer, the service provider and the end user.
Breakdown by type of financing:
Structured Trade Finance
Supply Chain Finance
Financing of traditional trade
Break by offer:
Letter of credit
bill of lading
Export factoring
Insurance
Others
Breakdown by service provider:
Banks
Trade Finance Houses
Breakdown by end user:
Small and medium-sized enterprises (SMEs)
Large companies
Breakdown by region:
North America (USA, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/trade-finance-market
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Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market trends
Market drivers and success factors
Impact of COVID-19
Value chain analysis
Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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