PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1793459
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1793459
Factoring Services Market Introduction and Overview
According to SPER market research, 'Global Factoring Services Market Size- By Category, By Type, By Financial Institution, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Factoring Services Market is predicted to reach 12841.61 billion by 2034 with a CAGR of 10.73%.
Factoring service involves collecting receivables, managing sales ledgers, and providing credit control and protection. It offers secure financing, especially during seasonal market changes. Logistic and manufacturing businesses often use factoring because they typically have many accounts receivable from other companies.
Restraints: Navigating the complicated regulatory and compliance landscape is one of the most significant problems facing the Global Factoring Services Market. Factoring services are subject to a variety of regulatory frameworks that differ greatly from country to country. These regulations cover a wide range of aspects, including financial reporting, anti-money laundering (AML) standards, data privacy legislation, and consumer protection measures.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Category, By Type, By Financial Institution, By End-User
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered altLINE (The Southern Bank Company), Barclays Bank PLC, BNP Paribas, China Construction Bank Corporation, Deutsche Factoring Bank, Eurobank, Factor Funding Co, Hitachi Capital (UK) PLC, HSBC Group, ICBC China, Kuke Finance, Mizuho Financial Group, Inc.
Global Factoring Services Market Segmentation:
By Category: Based on the Category, Global Factoring Services Market is segmented as; Domestic, International.
By Type: Based on the Type, Global Factoring Services Market is segmented as; Recourse, Non-recourse.
By Financial Institution: Based on the Financial Institution, Global Factoring Services Market is segmented as; Banks, Non-banking Financial Institutions.
By End-User: Based on the End-User, Global Factoring Services Market is segmented as; Manufacturing, Transport & Logistics, Information Technology, Healthcare, Construction, Staffing, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.