Trade Finance Market Trends 2022-2027: Share, Size, Growth, Opportunity and Forecast

The latest report published by IMARC Group, titled “Trade Finance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global trade finance market reached a value of US$ 44.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 66.3 Billion by 2027, exhibiting a CAGR of 6.57% during 2022-2027. Trade finance is a financial assistance offered to enterprises to help facilitate international trade and commerce. It involves the use of various products and financial instruments, which enables them to access working capital, thereby achieving liquidity to make investments, pay salaries, and pay suppliers. Unlike general finance, the functional wing of trade finance involves the introduction of a third party, such as banks, insurance companies, exporters, importers, trade finance firms, and credit agencies, to manage the transaction between the buyer and seller. Apart from this, trade finance aids in controlling the goods, monitoring the trade cycle through the transaction, providing security over the receivables, and mitigating the risks involved in international trade transactions.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Trade Finance Market Trends:

The increasing global trade activities due to rapid urbanization and industrialization, particularly in emerging economies, is facilitating the demand for safe and secure financial instruments, such as trade finance. This represents the key factor driving the market growth. In line with this, digitization of trade financing operations has enabled enterprises to automate large volumes of financial and transactional information, which is acting as another growth-inducing factor. Additionally, the increasing utilization of developing technologies, such as optical character recognition (OCR), radio frequency identification (RFID), and quick response (QR) codes, to identify and track shipments and enhance the digital conversion of trading documents are further catalyzing the market growth. Besides this, the rising integration of trade finance with blockchain, artificial intelligence (AI), machine learning (ML), and the internet of things (IoT) technologies have enabled organizations to recognize market patterns, predict future issues, resolve concerns, anticipate demand, and take appropriate measures. This, in turn, is accelerating the flow of transactions, thereby creating a positive outlook for the market. Other factors responsible for the market growth include increasing investments in the banking, financial services, and insurance (BFSI) sector, the implementation of favorable government policies, and improving supply chain capabilities.

Trade Finance Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the trade finance market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Asian Development Bank
• Banco Santander SA (NYSE: SAN)
• Bank of America Corp.
• BNP Paribas SA (OTCMKTS: BNPQY)
• Citigroup Inc. (NYSE: C)
• Crédit Agricole Group (OTCMKTS: CRARY)
• Euler Hermes
• Goldman Sachs Group Inc. (NYSE: GS)
• HSBC Holdings Plc (NYSE: HSBC)
• JPMorgan Chase & Co. (NYSE: JPM)
• Mitsubishi Ufj Financial Group Inc. (NYSE: MUFG)
• Morgan Stanley (NYSE: MS)
• Royal Bank of Scotland (NYSE: NWG)
• Standard Chartered Bank (OTCMKTS: SCBFY)
• Wells Fargo & Co. (NYSE: WFC)

Key Market Segmentation:

The report has segmented the trade finance market on the basis of finance type, Offering, service provider, end-user and region.

Breakup by Finance Type:

• Structured Trade Finance
• Supply Chain Finance
• Traditional Trade Finance

Breakup by Offering:

• Letters of Credit
• Bill of Lading
• Export Factoring
• Insurance
• Others

Breakup by Service Provider:

• Banks
• Trade Finance Houses

Breakup by End-User:

• Small and Medium Sized Enterprises (SMEs)
• Large Enterprises

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/trade-finance-market

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• 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.

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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.

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