Factoring Market will register a CAGR of 7% during 2020-2024. The market’s growth momentum will Accelerate.
need for alternative source of financing will be one of the major factors driving the growth of this market. Additionally, key Factoring Market trends such as the advent of blockchain in factoring services will also influence market growth during the forecast period.
Factoring Market Size
During the forecast period, the Factoring Market size will grow by USD 1308.4 bn.
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Factoring Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Factoring Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the will also challenge the growth of the companies.
Advanon AG | Aldermore Bank Plc | BNP Paribas Cardif | Deutsche Leasing AG | Eurobank Ergasias SA | HSBC Holdings Plc | Mizuho Financial Group Inc. | Riviera Finance of Texas Inc. | Societe Generale SA | The Southern Banc Co. Inc..list
are some of the companies covered in Technavio’s Factoring Market report for 2020-2024.
Factoring Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Factoring Market.
The Europe will account for the largest Factoring Market share and during 2020-2024, the region will contribute to 62% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Factoring Market report also analyzes the market by Domestic factoring | International factoring | APAC | Europe | MEA | North America | South America.
Market Analysis Insights 