The Factoring Services Market size was valued at USD 3,682.74 billion in 2023 and is expected to grow to USD 6,049.28 Billion By 2031 and grow at a CAGR of 6.4% over the forecast period of 2024-2031.
Factoring is the practice of acquiring accounts receivable or invoices from a company at a reduced price in order to address the company's short-term liquidity requirements while also profiting the buyer. Furthermore, it includes debt factoring, invoice finance, asset-based lending, and accounts receivable funding. It is a common method for businesses to support cash flow by selling reduced invoices to third parties. Furthermore, these services are offered by banks or independent financial service providers. However, it does contain some of the most common forms of factoring procedures, including redemption, non-redemption, disclosure, discourse, domestic, export prepayment, and maturity factoring.
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Drivers
The growing need for alternate forms of finance for micro, mid, and medium-sized businesses is propelling the sector forward.
Increase in open account trading possibilities and the demand for alternative sources of funding for small and medium-sized firms (SMEs) to accomplish urgent business goals.
In recent times, we have witnessed a significant surge in the availability of open-account trading opportunities. Concurrently, there has been an escalating demand for alternative funding avenues to cater to the urgent business goals of small and medium-sized enterprises (SMEs). This paradigm shift has necessitated a fresh approach to financing, enabling SMEs to explore innovative means of securing funds and propelling their growth.
Restrains
The lack of a robust legal framework for debt recovery methods
Foreign currency limitations and stamp taxes, are impeding market expansion.
The factoring services market is facing significant obstacles due to foreign currency limitations and stamp taxes. These challenges are hindering the market's growth potential and limiting its ability to reach new heights. Foreign currency limitations restrict the flow of funds across borders, making it difficult for factoring service providers to operate on an international scale. This restriction hampers their ability to offer their services to clients in different countries, thereby limiting their market reach and potential for growth. stamp taxes pose another hurdle for the factoring services market. These taxes, imposed on certain financial transactions, increase the cost of factoring services and make them less attractive to potential clients. As a result, businesses may be discouraged from utilizing factoring services, further impeding the market's expansion.
Opportunities
The factoring services sector is likely to transition to digital documentation, with cloud-based and AI-based models boosting service efficiency.
Increasing technology such as automated invoicing.
Challenges
Increasing Viruses, ransomware, malware, and distributed denial of service (DDoS) strikes are all on the rise.
The Russia-Ukraine war can have several potential impacts on the factoring services market. Factoring is a financial service that involves the purchase of accounts receivable from businesses by a third party, known as a factor, to provide immediate cash flow to the businesses. The conflict between Russia and Ukraine can lead to economic instability in the region. In such circumstances, businesses may face difficulties in maintaining regular cash flow and managing their working capital. This could increase the demand for factoring services as businesses seek alternative means to finance their operations. During times of war, there is often an elevated level of risk associated with businesses operating in conflict-affected areas. Factors may become more cautious about purchasing accounts receivable from businesses in these regions due to heightened creditworthiness concerns. This could potentially reduce the availability of factoring services in the affected areas. The Russia-Ukraine war may lead to changes in trade patterns, including trade disruptions, sanctions, or changes in supply chains. These shifts can impact the types of businesses seeking factoring services. Some industries may experience a decline in trade, while others may see an increase in cross-border transactions. Factors may need to adapt their services to cater to the changing needs of businesses involved in these altered trade patterns.
The conflict can lead to an increase in geopolitical risk premiums in the affected region.
Impact of the Ongoing Recession
During a recession, businesses often face cash flow challenges due to reduced sales and tighter credit conditions. As a result, they may turn to factoring services to bridge the gap between their accounts receivable and the need for immediate cash. This increased demand for factoring can benefit the market.
A recession can lead to higher default rates and increased credit risk for businesses. Factoring companies need to carefully assess the creditworthiness of their client’s customers to mitigate potential losses. In a recessionary environment, the credit risk profile of businesses may worsen, requiring factoring companies to adjust their risk management practices accordingly. Factoring companies may adjust their pricing and terms during a recession to account for the increased credit risk and potential economic uncertainties. They may charge higher discount rates or adjust their fee structures to reflect the heightened risk environment. Additionally, the terms and conditions for factoring agreements may be revised to provide more flexibility or incorporate risk mitigation measures.
The overall volume of factoring transactions may be influenced by the severity and duration of the recession. If businesses experience prolonged downturns, they may reduce their operations or go out of business, resulting in a decline in the number of eligible invoices for factoring. This can impact the volume and profitability of factoring services providers.
By Category
Domestic
International
By Enterprise Size
Large Enterprises
SMEs
By Type
Recourse
Non-Recourse
By Financial Institution
Banks
Non-Banking Financial Institutions
By End-use
Manufacturing
Transport & Logistics
Information Technology
Healthcare
Construction
Others
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Because of the increase in export enterprises and transit investments, the European market is expected to dominate the worldwide market in terms of revenue share. Furthermore, rising businesses from nations such as the United Kingdom, Russia, Sweden, Italy, and Germany are driving the industry. Implementation of new technologies and stronger security laws are also driving up demand for factoring services in a variety of sectors.
Over the projection period, the Asia Pacific market is likely to contribute considerably to revenue. The rapid expansion of the manufacturing industry in Southeast Asia and India is expected to drive revenue growth in this sector. These variables are expected to boost revenue growth in this market area.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The prominent players in the market are Eurobank, HSBC group, The Southern Bank Company, BNP Paribas, Deutsche Factoring Bank, ALAMI Technologies, ICBC, China Construction Bank, Barclays, Advanon AG, Societe Generale, Hitachi Capital PLC, KUKE Finance JSC, Riviera Finance of Texas, Inc., AwanTunai, Aldermore Bank, Mizuho Financial Group, Inc., and others in the final report.
BNP Paribas Factor and Greensill will collaborate in August 2021 to strengthen their supply chain finance services for Small and Medium-sized Enterprises (SMEs). The agreement's goal is to provide factoring alternatives to SMEs in the Greensill supply chain financing network.
Wells Fargo will develop a relationship with E2open, a start-up that specializes in supply chain management software, in March 2021. The collaboration's purpose is to provide factoring services to Wells Fargo customers, allowing them to manage their receivables and financial needs through a single solution.
HSBC UAE and HSBC India announced the introduction of Blockchain technology for real-world financial transactions between Universal Tube & Plastic Industries Ltd. in October 2021.
| Report Attributes | Details |
| Market Size in 2023 | US$ 3682.74 Bn |
| Market Size by 2031 | US$ 6049.28 Bn |
| CAGR | CAGR of 6.4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Category (Domestic, International) • By Enterprise Size (Large Enterprises, SMEs) • By Type (Recourse, Non-Recourse) • By Financial Institution (Banks, Non-Banking Financial Institutions) • By End-use (Manufacturing, Transport & Logistics, Information Technology, Healthcare, Construction, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Eurobank, HSBC group, The Southern Bank Company, BNP Paribas, Deutsche Factoring Bank, ALAMI Technologies, ICBC, China Construction Bank, Barclays, Advanon AG, Societe Generale, Hitachi Capital PLC, KUKE Finance JSC, Riviera Finance of Texas, Inc., AwanTunai, Aldermore Bank, Mizuho Financial Group, Inc. |
| Key Drivers | • The growing need for alternate forms of finance for micro, mid, and medium-sized businesses is propelling the sector forward. • Increase in open account trading possibilities and the demand for alternative sources of funding for small and medium-sized firms (SMEs) to accomplish urgent business goals. |
| Market Opportunities | • The factoring services sector is likely to transition to digital documentation, with cloud-based and AI-based models boosting service efficiency. • Increasing technology such as automated invoicing. |
Ans: The Factoring Services Market is to grow at a CAGR of 9.18% Over the forecast period of 2023-2030.
Ans: The Factoring Services Market size was valued at USD 3468.22 Bn in 2022.
Ans: The prominent players in the market are Eurobank, HSBC group, The Southern Bank Company, BNP Paribas, Deutsche Factoring Bank, ALAMI Technologies, ICBC, China Construction Bank, Barclays, Advanon AG, Societe Generale, Hitachi Capital PLC, KUKE Finance JSC, Riviera Finance of Texas, Inc., AwanTunai, Aldermore Bank, Mizuho Financial Group, Inc., and others in the final report.
Factoring is the practice of acquiring accounts receivable or invoices from a company at a reduced price in order to address the company's short-term liquidity requirements while also profiting the buyer.
Ans: The Europe region is dominating the Factoring Services Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Factoring Services Market Segmentation, By Category
8.1 Domestic
8.2 International
9. Factoring Services Market Segmentation, By Enterprise Size
9.1 Large Enterprises
9.2 SMEs
10. Factoring Services Market Segmentation, By Type
10.1 Recourse
10.2 non-Recourse
11. Factoring Services Market Segmentation, By Financial Institution
11.1 Banks
11.2 Non-Banking Financial Institutions
12. Factoring Services Market Segmentation, By End-use
12.1 Manufacturing
12.2 Transport & Logistics
12.3 Information Technology
12.4 Healthcare
12.5 Construction
12.6 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Factoring Services Market By Country
13.2.2 North America Factoring Services Market By Category
13.2.3 North America Factoring Services Market By Enterprise Size
13.2.4 North America Factoring Services Market By Type
13.2.5 North America Factoring Services Market By Financial Institution
13.2.6 North America Factoring Services Market By End-use
13.2.7 USA
13.2.7.1 USA Factoring Services Market By Category
13.2.7.2 USA Factoring Services Market By Enterprise Size
13.2.7.3 USA Factoring Services Market By Type
13.2.7.4 USA Factoring Services Market By Financial Institution
13.2.7.5 USA Factoring Services Market By End-use
13.2.8 Canada
13.2.8.1 Canada Factoring Services Market By Category
13.2.8.2 Canada Factoring Services Market By Enterprise Size
13.2.8.3 Canada Factoring Services Market By Type
13.2.8.4 Canada Factoring Services Market By Financial Institution
13.2.8.5 Canada Factoring Services Market By End-use
13.2.9 Mexico
13.2.9.1 Mexico Factoring Services Market By Category
13.2.9.2 Mexico Factoring Services Market By Enterprise Size
13.2.9.3 Mexico Factoring Services Market By Type
13.2.9.4 Mexico Factoring Services Market By Financial Institution
13.2.9.5 Mexico Factoring Services Market By End-use
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Factoring Services Market By Country
13.3.1.2 Eastern Europe Factoring Services Market By Category
13.3.1.3 Eastern Europe Factoring Services Market By Enterprise Size
13.3.1.4 Eastern Europe Factoring Services Market By Type
13.3.1.5 Eastern Europe Factoring Services Market By Financial Institution
13.3.1.6 Eastern Europe Factoring Services Market By End-use
13.3.1.7 Poland
13.3.1.7.1 Poland Factoring Services Market By Category
13.3.1.7.2 Poland Factoring Services Market By Enterprise Size
13.3.1.7.3 Poland Factoring Services Market By Type
13.3.1.7.4 Poland Factoring Services Market By Financial Institution
13.3.1.7.5 Poland Factoring Services Market By End-use
13.3.1.8 Romania
13.3.1.8.1 Romania Factoring Services Market By Category
13.3.1.8.2 Romania Factoring Services Market By Enterprise Size
13.3.1.8.3 Romania Factoring Services Market By Type
13.3.1.8.4 Romania Factoring Services Market By Financial Institution
13.3.1.8.5 Romania Factoring Services Market By End-use
13.3.1.9 Hungary
13.3.1.9.1 Hungary Factoring Services Market By Category
13.3.1.9.2 Hungary Factoring Services Market By Enterprise Size
13.3.1.9.3 Hungary Factoring Services Market By Type
13.3.1.9.4 Hungary Factoring Services Market By Financial Institution
13.3.1.9.5 Hungary Factoring Services Market By End-use
13.3.1.10 Turkey
13.3.1.10.1 Turkey Factoring Services Market By Category
13.3.1.10.2 Turkey Factoring Services Market By Enterprise Size
13.3.1.10.3 Turkey Factoring Services Market By Type
13.3.1.10.4 Turkey Factoring Services Market By Financial Institution
13.3.1.10.5 Turkey Factoring Services Market By End-use
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Factoring Services Market By Category
13.3.1.11.2 Rest of Eastern Europe Factoring Services Market By Enterprise Size
13.3.1.11.3 Rest of Eastern Europe Factoring Services Market By Type
13.3.1.11.4 Rest of Eastern Europe Factoring Services Market By Financial Institution
13.3.1.11.5 Rest of Eastern Europe Factoring Services Market By End-use
13.3.2 Western Europe
13.3.2.1 Western Europe Factoring Services Market By Country
13.3.2.2 Western Europe Factoring Services Market By Category
13.3.2.3 Western Europe Factoring Services Market By Enterprise Size
13.3.2.4 Western Europe Factoring Services Market By Type
13.3.2.5 Western Europe Factoring Services Market By Financial Institution
13.3.2.6 Western Europe Factoring Services Market By End-use
13.3.2.7 Germany
13.3.2.7.1 Germany Factoring Services Market By Category
13.3.2.7.2 Germany Factoring Services Market By Enterprise Size
13.3.2.7.3 Germany Factoring Services Market By Type
13.3.2.7.4 Germany Factoring Services Market By Financial Institution
13.3.2.7.5 Germany Factoring Services Market By End-use
13.3.2.8 France
13.3.2.8.1 France Factoring Services Market By Category
13.3.2.8.2 France Factoring Services Market By Enterprise Size
13.3.2.8.3 France Factoring Services Market By Type
13.3.2.8.4 France Factoring Services Market By Financial Institution
13.3.2.8.5 France Factoring Services Market By End-use
13.3.2.9 UK
13.3.2.9.1 UK Factoring Services Market By Category
13.3.2.9.2 UK Factoring Services Market By Enterprise Size
13.3.2.9.3 UK Factoring Services Market By Type
13.3.2.9.4 UK Factoring Services Market By Financial Institution
13.3.2.9.5 UK Factoring Services Market By End-use
13.3.2.10 Italy
13.3.2.10.1 Italy Factoring Services Market By Category
13.3.2.10.2 Italy Factoring Services Market By Enterprise Size
13.3.2.10.3 Italy Factoring Services Market By Type
13.3.2.10.4 Italy Factoring Services Market By Financial Institution
13.3.2.10.5 Italy Factoring Services Market By End-use
13.3.2.11 Spain
13.3.2.11.1 Spain Factoring Services Market By Category
13.3.2.11.2 Spain Factoring Services Market By Enterprise Size
13.3.2.11.3 Spain Factoring Services Market By Type
13.3.2.11.4 Spain Factoring Services Market By Financial Institution
13.3.2.11.5 Spain Factoring Services Market By End-use
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Factoring Services Market By Category
13.3.2.12.2 Netherlands Factoring Services Market By Enterprise Size
13.3.2.12.3 Netherlands Factoring Services Market By Type
13.3.2.12.4 Netherlands Factoring Services Market By Financial Institution
13.3.2.12.5 Netherlands Factoring Services Market By End-use
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Factoring Services Market By Category
13.3.2.13.2 Switzerland Factoring Services Market By Enterprise Size
13.3.2.13.3 Switzerland Factoring Services Market By Type
13.3.2.13.4 Switzerland Factoring Services Market By Financial Institution
13.3.2.13.5 Switzerland Factoring Services Market By End-use
13.3.2.14 Austria
13.3.2.14.1 Austria Factoring Services Market By Category
13.3.2.14.2 Austria Factoring Services Market By Enterprise Size
13.3.2.14.3 Austria Factoring Services Market By Type
13.3.2.14.4 Austria Factoring Services Market By Financial Institution
13.3.2.14.5 Austria Factoring Services Market By End-use
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Factoring Services Market By Category
13.3.2.15.2 Rest of Western Europe Factoring Services Market By Enterprise Size
13.3.2.15.3 Rest of Western Europe Factoring Services Market By Type
13.3.2.15.4 Rest of Western Europe Factoring Services Market By Financial Institution
13.3.2.15.5 Rest of Western Europe Factoring Services Market By End-use
13.4 Asia-Pacific
13.4.1 Asia Pacific Factoring Services Market By Country
13.4.2 Asia Pacific Factoring Services Market By Category
13.4.3 Asia Pacific Factoring Services Market By Enterprise Size
13.4.4 Asia Pacific Factoring Services Market By Type
13.4.5 Asia Pacific Factoring Services Market By Financial Institution
13.4.6 Asia Pacific Factoring Services Market By End-use
13.4.7 China
13.4.7.1 China Factoring Services Market By Category
13.4.7.2 China Factoring Services Market By Enterprise Size
13.4.7.3 China Factoring Services Market By Type
13.4.7.4 China Factoring Services Market By Financial Institution
13.4.7.5 China Factoring Services Market By End-use
13.4.8 India
13.4.8.1 India Factoring Services Market By Category
13.4.8.2 India Factoring Services Market By Enterprise Size
13.4.8.3 India Factoring Services Market By Type
13.4.8.4 India Factoring Services Market By Financial Institution
13.4.8.5 India Factoring Services Market By End-use
13.4.9 Japan
13.4.9.1 Japan Factoring Services Market By Category
13.4.9.2 Japan Factoring Services Market By Enterprise Size
13.4.9.3 Japan Factoring Services Market By Type
13.4.9.4 Japan Factoring Services Market By Financial Institution
13.4.9.5 Japan Factoring Services Market By End-use
13.4.10 South Korea
13.4.10.1 South Korea Factoring Services Market By Category
13.4.10.2 South Korea Factoring Services Market By Enterprise Size
13.4.10.3 South Korea Factoring Services Market By Type
13.4.10.4 South Korea Factoring Services Market By Financial Institution
13.4.10.5 South Korea Factoring Services Market By End-use
13.4.11 Vietnam
13.4.11.1 Vietnam Factoring Services Market By Category
13.4.11.2 Vietnam Factoring Services Market By Enterprise Size
13.4.11.3 Vietnam Factoring Services Market By Type
13.4.11.4 Vietnam Factoring Services Market By Financial Institution
13.4.11.5 Vietnam Factoring Services Market By End-use
13.4.12 Singapore
13.4.12.1 Singapore Factoring Services Market By Category
13.4.12.2 Singapore Factoring Services Market By Enterprise Size
13.4.12.3 Singapore Factoring Services Market By Type
13.4.12.4 Singapore Factoring Services Market By Financial Institution
13.4.12.5 Singapore Factoring Services Market By End-use
13.4.13 Australia
13.4.13.1 Australia Factoring Services Market By Category
13.4.13.2 Australia Factoring Services Market By Enterprise Size
13.4.13.3 Australia Factoring Services Market By Type
13.4.13.4 Australia Factoring Services Market By Financial Institution
13.4.13.5 Australia Factoring Services Market By End-use
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Factoring Services Market By Category
13.4.14.2 APAC Factoring Services Market By Enterprise Size
13.4.14.3 APAC Factoring Services Market By Type
13.4.14.4 APAC Factoring Services Market By Financial Institution
13.4.14.5 APAC Factoring Services Market By End-use
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Factoring Services Market By Country
13.5.1.2 Middle East Factoring Services Market By Category
13.5.1.3 Middle East Factoring Services Market By Enterprise Size
13.5.1.4 Middle East Factoring Services Market By Type
13.5.1.5 Middle East Factoring Services Market By Financial Institution
13.5.1.6 Middle East Factoring Services Market By End-use
13.5.1.7 UAE
13.5.1.7.1 UAE Factoring Services Market By Category
13.5.1.7.2 UAE Factoring Services Market By Enterprise Size
13.5.1.7.3 UAE Factoring Services Market By Type
13.5.1.7.4 UAE Factoring Services Market By Financial Institution
13.5.1.7.5 UAE Factoring Services Market By End-use
13.5.1.8 Egypt
13.5.1.8.1 Egypt Factoring Services Market By Category
13.5.1.8.2 Egypt Factoring Services Market By Enterprise Size
13.5.1.8.3 Egypt Factoring Services Market By Type
13.5.1.8.4 Egypt Factoring Services Market By Financial Institution
13.5.1.8.5 Egypt Factoring Services Market By End-use
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Factoring Services Market By Category
13.5.1.9.2 Saudi Arabia Factoring Services Market By Enterprise Size
13.5.1.9.3 Saudi Arabia Factoring Services Market By Type
13.5.1.9.4 Saudi Arabia Factoring Services Market By Financial Institution
13.5.1.9.5 Saudi Arabia Factoring Services Market By End-use
13.5.1.10 Qatar
13.5.1.10.1 Qatar Factoring Services Market By Category
13.5.1.10.2 Qatar Factoring Services Market By Enterprise Size
13.5.1.10.3 Qatar Factoring Services Market By Type
13.5.1.10.4 Qatar Factoring Services Market By Financial Institution
13.5.1.10.5 Qatar Factoring Services Market By End-use
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Factoring Services Market By Category
13.5.1.11.2 Rest of Middle East Factoring Services Market By Enterprise Size
13.5.1.11.3 Rest of Middle East Factoring Services Market By Type
13.5.1.11.4 Rest of Middle East Factoring Services Market By Financial Institution
13.5.1.11.5 Rest of Middle East Factoring Services Market By End-use
13.5.2 Africa
13.5.2.1 Africa Factoring Services Market By Country
13.5.2.2 Africa Factoring Services Market By Category
13.5.2.3 Africa Factoring Services Market By Enterprise Size
13.5.2.4 Africa Factoring Services Market By Type
13.5.2.5 Africa Factoring Services Market By Financial Institution
13.5.2.6 Africa Factoring Services Market By End-use
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Factoring Services Market By Category
13.5.2.7.2 Nigeria Factoring Services Market By Enterprise Size
13.5.2.7.3 Nigeria Factoring Services Market By Type
13.5.2.7.4 Nigeria Factoring Services Market By Financial Institution
13.5.2.7.5 Nigeria Factoring Services Market By End-use
13.5.2.8 South Africa
13.5.2.8.1 South Africa Factoring Services Market By Category
13.5.2.8.2 South Africa Factoring Services Market By Enterprise Size
13.5.2.8.3 South Africa Factoring Services Market By Type
13.5.2.8.4 South Africa Factoring Services Market By Financial Institution
13.5.2.8.5 South Africa Factoring Services Market By End-use
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Factoring Services Market By Category
13.5.2.9.2 Rest of Africa Factoring Services Market By Enterprise Size
13.5.2.9.3 Rest of Africa Factoring Services Market By Type
13.5.2.9.4 Rest of Africa Factoring Services Market By Financial Institution
13.5.2.9.5 Rest of Africa Factoring Services Market By End-use
13.6 Latin America
13.6.1 Latin America Factoring Services Market By Country
13.6.2 Latin America Factoring Services Market By Category
13.6.3 Latin America Factoring Services Market By Enterprise Size
13.6.4 Latin America Factoring Services Market By Type
13.6.5 Latin America Factoring Services Market By Financial Institution
13.6.6 Latin America Factoring Services Market By End-use
13.6.7 Brazil
13.6.7.1 Brazil Factoring Services Market By Category
13.6.7.2 Brazil Africa Factoring Services Market By Enterprise Size
13.6.7.3Brazil Factoring Services Market By Type
13.6.7.4 Brazil Factoring Services Market By Financial Institution
13.6.7.5 Brazil Factoring Services Market By End-use
13.6.8 Argentina
13.6.8.1 Argentina Factoring Services Market By Category
13.6.8.2 Argentina Factoring Services Market By Enterprise Size
13.6.8.3 Argentina Factoring Services Market By Type
13.6.8.4 Argentina Factoring Services Market By Financial Institution
13.6.8.5 Argentina Factoring Services Market By End-use
13.6.9 Colombia
13.6.9.1 Colombia Factoring Services Market By Category
13.6.9.2 Colombia Factoring Services Market By Enterprise Size
13.6.9.3 Colombia Factoring Services Market By Type
13.6.9.4 Colombia Factoring Services Market By Financial Institution
13.6.9.5 Colombia Factoring Services Market By End-use
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Factoring Services Market By Category
13.6.10.2 Rest of Latin America Factoring Services Market By Enterprise Size
13.6.10.3 Rest of Latin America Factoring Services Market By Type
13.6.10.4 Rest of Latin America Factoring Services Market By Financial Institution
13.6.10.5 Rest of Latin America Factoring Services Market By End-use
14. Company Profile
14.1 Eurobank
14.1.1 Market Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 HSBC group.
14.2.1 Market Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 The Southern Bank Company.
14.3.1 Market Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 BNP Paribas.
14.4.1 Market Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Deutsche Factoring Bank
14.5.1 Market Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 ALAMI Technologies.
14.6.1 Market Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 ICBC
14.7.1 Market Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 China Construction Bank.
14.8.1 Market Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Barclays.
14.9.1 Market Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Mizuho Financial Group, Inc.
14.10.1 Market Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. USE Cases and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Telecom Billing and Revenue Management Market size was valued at USD 17.35 Bn in 2022 and is expected to reach USD 40.58 Bn by 2030, and grow at a CAGR of 11.2% over the forecast period 2023-2030.
The Decentralized Identity Market size was valued at USD 282.3 Million in 2022 and is estimated to reach over USD 46157.5 Million in 2030 with a growing CAGR of 89.1% Over the Forecast Period of 2023-2030.
The Network Function Virtualization (NFV) Market size was valued at USD 31.16 Bn in 2023 and is expected to reach USD 212.25 Bn by 2031 and grow at a CAGR of 27.1 % over the forecast period 2024-2031.
The Augmented And Virtual Reality (AR VR) Market Size was valued at USD 24.9 Billion in 2023 and is expected to reach USD 134.01 Billion by 2031 and grow at a CAGR of 23.4 % over the forecast period 2024-2031.
The Bare Metal Cloud Market Size was valued at USD 8.23 Billion in 2023 and is expected to reach USD 31.89 Billion by 2031 and grow at a CAGR of 18.2 % over the forecast period 2024-2031.
The Peer-to-Peer Lending Market size was valued at USD 134.35 Bn in 2022 and is expected to reach USD 926.55 Bn by 2030, and grow at a CAGR of 27.3% over the forecast period 2023-2030.
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