According to the latest report from the IMARC group, entitled “Trade Finance Market Size: Global Industry Trends, Share, Growth, Opportunity, and Forecast 2021-2026”, The global trade finance market has shown moderate growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of 3.7% during 2021-2026.
We regularly monitor the direct effect of COVID-19[female[feminine on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Trade finance, or export finance, refers to different financial products used by organizations to manage international trade. It is mainly used by banks, export credit agencies, exporters and importers, trade finance companies, etc. Trade finance streamlines cash flow and helps protect against the risks of international trade, including cases of non-payment, political instability, currency fluctuations, etc. .
One of the main factors driving the trade finance market is the growing number of international trade activities. In addition, the increasing integration of several cutting-edge technologies, such as artificial intelligence (AI), blockchain, Internet of things (IoT), etc., with trade finance solutions is further driving the growth of the market. global market. These technologies allow organizations to use natural language processing (NLP), chatbots, predictive analytics, and more, to recognize market patterns, solve problems, and take appropriate action. In addition, there is an increasing use of electronic systems, such as optical character recognition (OCR) and rapid response codes (QR), which improve the digitization of trade finance transactions and simplify the manual process of trade finance. identification of documents. In addition, increased investment in the banking, financial services and insurance (BFSI) sector is expected to give new impetus to the trade finance market during the forecast period.
Trade finance market Competitive analysis and segmentation 2021-2026:
Competitive landscape with key players:
The competitive landscape of the Trade Finance market has been studied in the report along with the detailed profiles of the major 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.
Breaking by Type of funding:
- Structured trade finance
- Supply chain finance
- Financing of traditional trade
Breaking by Offer:
- Letter of credit
- Bill of Lading
- Export factoring
Breaking by Service provider:
- Trade finance houses
Breaking by Final user:
- Small and medium-sized enterprises (SMEs)
- Large companies
Breaking by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/trade-finance-market
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Industry trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete 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 part of the customization.
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