Trade Finance Market To Reach USD 11631260 Million By 2029, Witnessing A CAGR of 5.4% | Valuates Reports

News provided by

Mar 29, 2023, 11:05 ET

BANGALORE, India, March 29, 2023 /PRNewswire/ -- Trade Finance Market is Segment by Type - Letters of Credit, Guarantees, Supply Chain Finance, Factoring, Documentary Collection, Other, by Application - Finance, Energy, Power Generation, Transport, Renewables, Metals & Non Metallic Minerals, Other. Global Opportunity Analysis and Industry Forecast, 2023–2029. It is published in Valuates Reports under the Software Category.

The global Trade Finance market was valued at USD 8483660 million in 2022 and is anticipated to reach USD 11631260 million by 2029, witnessing a CAGR of 5.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Major factors driving the growth of the Trade Finance market are

Factors such as a Need For A More Transparent And Liquid Market For Trade Finance Assets, Increase in the Use of Trade Financing by SMEs in Developing Countries are expected to drive the growth of the Trade Finance market.

The Uptake of trade financing is changing, and there may be digital and technological drivers that could speed adoption. Moreover, benefits including convenience, flexibility, security, and transaction flow are anticipated to grow over time.

Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-6X849/global-trade-finance

TRENDS INFLUENCING THE GROWTH OF TRADE FINANCE MARKET

World trade offers tremendous business potential, but many businesses, particularly small and medium-sized enterprises (SMEs), rely on access to financial services to open up new markets. Trade finance enables businesses to reduce the risks involved in importing or exporting products and services, enabling predictable and secure global trade. This factor is expected to drive the growth of the Trade Finance market

There is a growing desire in shifting risk away from banks and towards non-traditional sources of capital, such as investment funds with significant capital and liquidity, as a result of increased regulation and growth in global trade. Notwithstanding the allure of trade assets, there are several obstacles to expanding the market for this asset class, which institutions should cooperate to overcome. Banks can perform a number of actions, including populating an ICC Trade Finance Registry, enhancing settlement and liquidity definitions, and developing a number of Trade Finance Market indices.

Small and medium-sized businesses (SMEs) struggle the most to find finance with favorable terms. This is especially concerning because SMEs are a major force in commerce, employment, and economic growth. According to research, SMEs encounter these obstacles in both rich and developing nations, but the difficulties are greater in low-income nations. This often results from their relatively tiny banking sectors and the lack of interest on the part of international financial institutions to conduct business in those nations, a situation that has become much worse since the financial crisis. This factor is expected to drive the growth of the Trade Finance market

Trade finance adoption has recently shifted away from conventional products and towards supply chain finance and open accounts. Globalization and technology, including easy communication and access to data that is almost always current, have played a significant role in this transformation by creating chances to release liquidity early in the supply chain. In contrast, SMEs find it more challenging to enter the trade finance sector because of inadequate risk evaluations, poorer credit ratings, and KYC restrictions. This discrepancy suggests that there is a sizable latent demand for more conventional financial products, which presents a huge potential for banks.

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-6X849/Global_Trade_Finance_Market

TRADE FINANCE MARKET SHARE ANALYSIS

Trade finance can be broadly categorized into Guarantees, Letters of Credit, Documentary Collection, Supply Chain Financing, and Factoring. In 2019, the proportion of Letters of Credit is the largest, accounting for about 39%.

The Value of the top ten manufacturers accounts for about 14% of the total Value in 2019.

Inquire For Customization : https://reports.valuates.com/request/customisation/QYRE-Auto-6X849/Global_Trade_Finance_Market

Market By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Inquire For Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-6X849/Global_Trade_Finance_Market

Key players

BNP Paribas
Bank of China
Citigroup Inc
China Exim Bank
ICBC
JPMorgan Chase & Co
Mizuho Financial Group
Standard Chartered
MUFG
Sumitomo Mitsui Banking Corporation
Credit Agricole
Commerzbank
HSBC
Riyad Bank
Saudi British Bank
ANZ
EBRD
Japan Exim Bank
Banque Saudi Fransi
Afreximbank
AlAhli Bank
Export-Import Bank of India

Inquire For Chapter Cost : https://reports.valuates.com/request/chaptercost/QYRE-Auto-6X849/Global_Trade_Finance_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-6X849&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

The global financial guarantee market size was valued at USD 28.70 billion in 2020 and is projected to reach USD 71.93 billion by 2030, growing at a CAGR of 9.6% from 2021 to 2030.
The global Blockchain Supply Chain Finance market size is projected to reach USD 126170 million by 2028, from USD 16260 million in 2021, at a CAGR of 33.6% during 2022-2028.
The global Trade Promotion Management and Optimization Solution market size is projected to reach USD 928.7 Million by 2027, from USD 511 Million in 2020, at a CAGR of 8.9% during 2021-2027.
The letter of credit confirmation market was valued at USD 3918.8 million in 2020, and it is anticipated to reach USD 5094.7 million by 2030, registering a CAGR of about 2.72% during the forecast period (2021–2030).
In 2019, the Saudi Arabia Trade Finance market size was USD 111.38 Billion and it is expected to reach USD 134.85 Billion by the end of 2026, with a CAGR of 2.63% during 2020-2026.
The Canada financial guarantee market was valued at USD 1.32 billion in 2020, and is projected to reach USD 2.19 billion by 2028, growing at a CAGR of 7.3% from 2021 to 2028.
Global Trade Management Software Market Size, Status and Forecast 2021-2027
The global buy now pay later market size was valued at USD 90.69 billion in 2020 and is projected to reach USD 3.98 trillion by 2030 growing at a Compound Annual Growth Rate (CAGR) of 45.7% from 2021 to 2030.
The global payment security market size was valued at USD 17.64 billion in 2020 and is projected to reach USD 60.56 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 13.2% from 2021 to 2030
The global Reinsurance market size is projected to reach USD 315360 million by 2028, from USD 279860 million in 2021, at a CAGR of 1.7% during 2022-2028.
The global Insurtech market size is projected to reach USD 11940 million by 2028, from USD 1462.3 million in 2021, at a CAGR of 34.4% during 2022-2028.
The global algorithmic trading market size was valued at USD 12143 million in 2020 and is projected to reach USD 31494 million by 2028 registering a Compound Annual Growth Rate (CAGR) of 12.7% from 2021 to 2028.
The global inflow of remittance is estimated to be USD 720 billion in 2022, and the number is forecast to reach USD 850 billion by 2028, with a CAGR of 2.8% during the forecast period 2022-2028.
The global Digital Banking market size is projected to reach USD 30750 million by 2027, from USD 9098.7 million in 2020, at a CAGR of 19.0% during 2021-2027.
The global Payment Processing Solutions market size is projected to reach USD 52060 million by 2027, from USD 33810 million in 2020, at a Compound Annual Growth Rate (CAGR) of 5.9% during 2021-2027.
The global Digital Remittance market size is estimated to be worth USD 7528.6 Million in 2022 and is forecast to a readjusted size of USD 19710 Million by 2028 with a CAGR of 17.4% during the review period.
The global fintech market size is projected to reach USD 16652680 million by 2028 from USD 6588780 million in 2021 at a Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period 2022-2028.
The global digital lending platform market size was valued at USD 5.58 billion in 2019 and is projected to reach USD 20.31 billion by 2027 growing at a Compound Annual Growth Rate (CAGR) of 16.7% from 2020 to 2027.
The global trade surveillance systems market size was valued at USD 780.26 Million in 2020, and is projected to reach USD 2.25 Billion by 2028, growing at a CAGR of 14.2% from 2021 to 2028.
The global Online Payment Gateway market size is projected to reach USD 6403.3 Million by 2027, from USD 2436.7 Million in 2020, at a CAGR of 14.8% during 2021-2027.
Global payment market revenues totaled USD 1.98 Trillion in 2021, CAGR of about 6.25% in the period of 2022-2030.
Reinsurance market
Tokenization Market
Insurtech market
Cryptocurrency Market
Non-Bank Trade Finance Report Forecast 2026
Global Blockchain In Trade Finance and Credit Insurance Market Size, Status and Forecast 2021-2027
Global Digital Currency Market Insights, Forecast to 2028
Global General Liability Insurance Market Insights and Forecast to 2028

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

SOURCE Valuates Reports