As per the latest news, a rise has been seen in the acknowledgement of supply chain finance in emerging economies to support the development of the global supply chain finance market. The Covid-19 pandemic significantly improved the interest in new technologies, including electronic/digital invoices, artificial intelligence, smartphone and mobile internet access, and blockchain technology in trade finance transactions, tremendously affecting the development of the international market. Area-wise, the Asia-Pacific region held a noticeable share in 2021.
According to the report released by Allied Market Research, the global supply chain finance market produced $6 billion in 2021 and is expected to reach $13.4 billion by 2031, developing at a CAGR of 8.8% from 2022 to 2031. This report comprehensively evaluates the top winning methodologies, emerging trends in the market, market size and estimations, value chain, vital venture pockets, drivers & valuable opportunities, competitive scenario, and territorial conditions. This report is a relevant source of data for new participants, shareholders, leaders, and shareholders in introducing crucial methods for the future and measuring vital steps to boost and improve their position in the market efficiently.
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1. No doubt that the sudden outbreak of the Covid-19 pandemic hurt the development of the international supply chain finance market due to the growth in remote working activities forming the overwhelming task of catching information from many locations and sources for the supply chain finance companies.
2. On the other hand, the global pandemic outbreak also increased the demand for new innovations, including digital invoices, AI, blockchain in trade transactions etc., which resulted in the development of the global market.
The report gives a comprehensive subdivision of the global supply chain finance market based on offering, supplier, implementation, end user and region. The report also provides a detailed evaluation of each segment and its respective sub-segment through graphical & tabular representation. This analysis can be helpful for market leaders, investors, and new participants in regulating & creating strategies depending on the fastest-growing segments and highest revenue generation highlighted in the report.
Regarding offerings, the export & import bills segments held a significant share in 2021, holding almost two-fifths of the global supply chain finance market share, and are supposed to keep up with its administration status during the forecast period. However, the shipping guarantees segment is supposed to refer to the quickest CAGR of 13.1% during the forecast period.
Based on supplier, the bank segment held the major market share in 2021, representing almost 90% of the global supply chain finance market share, and is supposed to maintain its administration status during the forecast period. Nevertheless, the trade finance house division is expected to cite the highest CAGR of 14.2% during the forecast period.
Based on application, the domestic segment held the major market share in 2021, contributing to almost four-fifths of the global supply chain finance market share. It is supposed to maintain its leadership position during the forecast period. However, the international segment is supposed to cite the fastest CAGR of 11.6% during the forecast period.
In the light of end users, the large enterprise's segment held the major market share in 2021, adding to almost two-thirds of the global supply chain finance market share, and is supposed to maintain its leadership authority during the forecast period. However, SMEs are supposed to cite the quickest CAGR of 11.2% during the forecast period.
Region-wise, the Asia-pacific region held the major market share in 2021, adding to almost two-fifths of the global supply chain finance market share. It is supposed to maintain its leadership authority during the forecast period. Furthermore, the same segment is supposed to cite the fastest CAGR of 11.5% during the forecast period. The report also evaluates the regions such as North America, Europe, and LAMEA.
The key players evaluated in the global supply chain finance market report include Asian Development Bank, BNP Paribas Group, Bank of America Corporation, Citigroup, IncEuler's Herms (Allianz Trade), HSBC Group, JPMorgan Chase & Co., Mitsubishi UFJ Financial Group, Inc., Royal Bank of Scotland plc, and Standard Chartered plc.
The report evaluates these above-mentioned key players in the global supply chain finance market. These market players have efficiently used joint investment, associations, enlargement, new product launching, and others to strengthen their position and services in the industry. The report also evaluates the latest developments, product portfolio, business performance and operating segments by well-known players in the market.
Key Advantages For Stakeholders:
1. This report gives a quantitative examination of the market fragments, latest trends, estimations, and elements of the data analytics in banking market analysis from 2021 to 2031 to figure out the existing supply chain finance market opportunity.
2. The market research is given along with the data related to vital drivers, restraints and scope in the supply chain finance market forecast.
3. Porter's five forces analysis demonstrates the intensity of the purchasers and providers to empower stakeholders to make profit-oriented business choices and boost their supplier-buyer network.
4. A thorough analysis of the supply chain finance market segmentation guides to deciding the current market opportunities
5. Major countries in each region are planned by their revenue contribution to the global market.
Market player situations facilitate benchmarking and give a clear overview of the current position of the market players.
6. The report also includes the evaluation of the regional and global supply chain finance market trends, key players, market subdivisions, implementation areas, and market growth strategies.
Key Market Segments
1. Export and Import Bills
2. Letter of Credit
3. Performance Bonds
4. Shipping Guarantees
2. Trade Finance House
1. Large Enterprises
2. Small and Medium-sized Enterprises
1. North America (U.S., Canada)
2. Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
3. Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
4. LAMEA (Latin America, Middle East, Africa)