According to a market report by Lucintel, the future of the global invoice factoring market looks promising with opportunities in the construction, manufacturing, healthcare, transportation and logistics, energy and utilities, IT and telecom, and staffing markets. The global invoice factoring market is expected to reach an estimated $3,367 billion by 2030 from $2,170 billion in 2024 at a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are growing company revenue by notifying loan servicers about outstanding payments, increasing awareness towards financial technological advancements, and rising adoption of artificial intelligence and machine learning in the lending industry.
A more
than 150-page report to understand trends, opportunity and forecast in global
invoice factoring market to 2030 by type (recourse factoring and non-recourse
factoring), application (domestic and international), enterprise size (large
enterprises and small and medium-sized enterprises), end use (construction,
manufacturing, healthcare, transportation and logistics, energy and utilities,
IT and telecom, staffing, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel
forecasts that recourse factoring segment will remain the largest segment over
the forecast period.
Within
this market, transportation and logistics will remain the largest segment.
Download
sample by clicking on invoice factoring
market.
Europe is
expected to witness the highest growth over the forecast period.
Intuit,
Sonovate, Porter Capital, Barclays Bank, Icbc, Adobe, Waddle, Velotrade,
American Express Company, Lloyds Bank are the major suppliers in the invoice factoring market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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