Factoring Market
Financial Services

Insights Into The Factoring Market’s Growth Opportunities Through 2023-2032 – Includes Factoring Market Size

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032


Rising cross-border trade activities are likely to boost factoring manufacturing innovation, propelling the market during the forecast period.


The global factoring market is expected to grow from $3,336.21 billion in 2022 to $3,610.54 billion in 2023 at a compound annual growth rate (CAGR) of 8.22%. The global factoring market size is expected to reach $4,799.21 billion in 2027 at a CAGR of 7.37%.


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Global Factoring Market Segments Include:

  • By Type: Recourse, Non-Recourse
  • By Category: International, Domestic
  • By Organization Size: Small And Medium Enterprises, Large Enterprises
  • By Application: Transportation, Healthcare, Construction, Manufacturing, Other Applications
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global factoring market in 2021.


Major Market Players in the factoring market include Advanon AG, Aldermore Group PLC., BNP Paribas S A, Deutsche Leasing AG, Eurobank Factors SA, HSBC Holdings PLC., Mizuho Financial Group, Société Générale S.A, The Southern Bank Company.


Product innovation has emerged as the most popular trend in the factoring business. To maintain their market position, major players in the factoring market are focusing on creative solutions. For example, Kyriba, a financial and IT solutions provider based in the United States, debuted Kyriba Receivables Finance in December 2022, a technically advanced factoring solution that accelerates the process of factoring invoices and provides an easy-to-use platform to monitor payments. The technology improves cash flow visibility and makes it easier to monitor and manage customer accounts. The technology also enables automated payment processing and a secure, real-time dashboard with up-to-date invoice and payment information. Furthermore, the solution provides access to a variety of funding and credit choices to assist enterprises.


The Factoring Global Market Report 2023  provides a factoring market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The factoring market forecast analyzes factoring market size, factoring market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


Factoring is a sort of finance in which a business sells its accounts receivable (invoices) to a third party in order to address short-term liquidity needs.


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