What Are The 5 Takeaways From The Supply Chain Finance Market Overview 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The supply chain finance market size has grown strongly in recent years. It will grow from $6.23 billion in 2023 to $6.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to globalization, regulatory changes, risk mitigation needs, collaboration trends, market competition, working capital optimization. The supply chain finance market size is expected to see strong growth in the next few years. It will grow to $9.68 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to sustainable finance, economic recovery, enhanced data analytics, regulatory adaptation, strategic partnerships. Major trends in the forecast period include technological integration, technology advancements, data analytics for risk management, digitization and technology integration, dynamic ecosystem collaboration.
The supply chain finance market is set for growth due to increased investments in small and medium-sized enterprises (SMEs). This financial approach allows SMEs to access larger credit volumes based on the strength and volume of their trade transactions. By providing credits at significantly lower interest rates, supply chain finance helps SMEs navigate working capital challenges, enhancing their overall financial health. For instance, the European Investment Bank (EIB) partnered with Intesa Sanpaolo in June 2021, allocating a $19.39 billion fund to support small and medium-sized Italian businesses, benefiting over 50,000 SMEs, 150 large corporates, and mid-caps over three years. Consequently, the rise in SME investments for supply chain finance is a key driver for the growth of the supply chain finance market, with market sizes for 2023, 2024, and 2028 delineating its trajectory.
Get A Free Sample On The Supply Chain Finance Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10841&type=smp
What Are The Key Trends That Influence Supply Chain Finance Market Share Analysis?
Technological innovation is a key trend gaining popularity in the supply chain finance market. Major companies in the supply chain finance sector are focused on innovating their products to strengthen and sustain their position in the market. For instance, in March 2022, IBSFINtech, an India-based Treasury Tech company providing end-to-end digitization and automation solutions, launched VNDZY (Vendor Management Made Easy), which is an AI-based SaaS platform. This platform offers a connected ecosystem for corporations, suppliers, and financial institutions and addresses all supply chain ecosystem concerns and provides a mutually advantageous platform for all parties. Additionally, the technology also helps suppliers by shortening the time it takes to process payments, which helps enhance financial discipline.
Which Market Players Are Driving Growth In The Supply Chain Finance Market?
Major companies operating in the supply chain finance market report are JPMorgan Chase & Co, Allianz Trade, Alibaba, Bank of America Corporation, Citigroup Inc., HSBC Holdings Plc., Mitsubishi UFJ Financial Group Inc., BNP Paribas, Oracle Corporation, SAP SE, Deutsche Bank, Royal Bank of Scotland Plc., DBS Bank, Standard Chartered Plc., Asian Development Bank, Finastra, Euler Hermes, Greensill Capital, C2FO, Tradeshift, Taulia, Demica, Vayana Network, Incomlend, PrimeRevenue
How Is The Global Supply Chain Finance Market Segmented?
The supply chain finance market covered in this report is segmented –
1) By Offering: Export And Import Bills, Letter of Credit, Performance Bonds, Shipping Guarantees, Other Offerings
2) By Provider: Banks, Trade Finance House, Other Providers
3) By Application: Domestic, International
4) By End User: Large Enterprises, Small and Medium-sized Enterprises
Read The Full Supply Chain Finance Market Report Here
https://www.thebusinessresearchcompany.com/report/supply-chain-finance-global-market-report
The Supply Chain Finance Global Market Report 2024 provides an overview of the supply chain financemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The supply chain finance market forecast analyzes supply chain finance market size, supply chain finance market share, leading competitor and their market positions.
The Table Of Content For The Supply Chain Finance Market Include
1. Supply Chain Finance Market Executive Summary
2. Supply Chain Finance Market Segments
3. Supply Chain Finance Market Size And Template Market Growth Rate
4. Key Supply Chain Finance Market Trends
5. Major Supply Chain Finance Market Drivers
……
25. Key Mergers And Acquisitions In The Supply Chain Finance Market
26. Top Supply Chain Finance Companies
27. Supply Chain Finance Market Opportunities And Strategies
28. Supply Chain Finance Market, Conclusions And Recommendations
29. Appendix
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: