Factoring
SKU
MRR-43539E5D2996
Region
Global
Publication Date
March 2024
Delivery
Immediate
2023
USD 3.85 trillion
2030
USD 6.26 trillion
2024
USD 4.10 trillion
CAGR
7.19%

Factoring Market by Type (International Factoring, Non-Notification Factoring, Notification Factoring), Industry (Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance) - Global Forecast 2024-2030

[187 Pages Report] The Factoring Market size was estimated at USD 3.85 trillion in 2023 and expected to reach USD 4.10 trillion in 2024, at a CAGR 7.19% to reach USD 6.26 trillion by 2030.

Factoring Market
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Factoring is a debtor finance medium where a business sells its invoices or accounts receivables to a third party, called a factor, at a discount. It is an essential tool for providing working capital to businesses that might have cash flow issues due to slow-paying customers or longer sales cycles. The end-users of factoring services are diverse, including small businesses struggling with cash flow gaps due to delayed payments from customers, seasonal businesses requiring funding during peak periods, and fast-growing companies in need of working capital for business expansion. Improved international trade enhances opportunities for factoring companies to address cross-border transaction challenges faced by exporters/importers. However, limited awareness of factoring services among businesses and strict regulatory frameworks aimed at factoring services have impacted their adoption worldwide. Market players are expected to keep up with the changing regulations while ensuring the provision of quality services to expand the market development. They are also leveraging advanced data analytics tools to improve risk assessment and decision-making processes, allowing factors to gain a competitive edge.

Factoring Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Type: Emerging need of factoring to help businesses for managing better working capital management of the businesses

International factoring facilitates trade across borders by partnering with global factoring companies and service optimizes cash flow for businesses engaged in international transactions while minimizing risk exposure. Non-notification factoring, or confidential factoring, enables businesses to sell accounts receivable without informing customers about the involvement of a factor. Providers focus on offering discreet funding options for companies seeking to maintain customer relationships while accessing immediate financing. Notification factoring involves selling accounts receivable to a factor who assumes responsibility for collecting payments from customers. Furthermore, businesses should evaluate their requirements when choosing an appropriate factoring solution and collaborate with reputable providers offering tailored services that match their unique needs.

Industry: Exponential penetration of factoring for digital banking and government & public industries to ensure smooth financial operations

Factoring is an essential financial tool that enables businesses to maintain cash flow by selling invoices to third parties across major end-use verticals. Aerospace & defense companies rely on factoring to manage cash flow challenges due to long lead times and high capital investments. Automotive & transportation companies can benefit from factoring services by addressing liquidity issues arising from extended payment terms with suppliers or customers. The growth of digital banking services has been a significant development in this sector. These services can leverage factoring solutions to bridge payment gaps amidst fluctuating project timelines. The increasing demand for green building solutions contributes to this sector's factoring needs in building, construction & real estate. Moreover, surge in e-commerce growth boosted the adoption of factoring services owing to seasonality and inventory management challenges. Additionally, increased focus on renewable energy sources is a notable development affecting this industry. Increased public spending during the global economic recovery requires factoring services to maintain liquidity amidst high research and development costs across healthcare, manufacturing, and education. In the education sector factoring services ensure timely payments from students or governments, given their reliance on tuition fees. The continued trend of online learning expansion that started during the COVID-19 pandemic has influenced this sector.

Regional Insights

In the Americas, factoring is widely utilized by small to medium-sized enterprises (SMEs) seeking immediate cash flows instead of waiting for invoice payments. Many factoring companies are currently focusing on collaborating with fintech companies to improve efficiency through automation solutions. The Asian market has been experiencing rapid growth in recent years because of increasing trade activities within emerging economies such as India and China. Asia-Pacific is home to smaller factoring businesses and less-established credit histories compared to other regions; however, the region shows potential for new entrants and international player expansion. Europe is among the largest factoring markets globally due to the well-established regulatory framework that promotes more comprehensive credit risk management practices. Factoring service providers in Europe focus on providing tailored solutions considering the unique needs of clients, varying from small single-invoice transactions to comprehensive supply chain finance programs for large-scale buyers and suppliers.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Factoring Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Factoring Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Breakout Capital and 12Five Capital Join Forces to Create a Powerhouse in Small Business Lending

    Breakout Capital, LLC, a fintech company committed to simplifying access to term loans for small businesses, announced the successful merger with 12Five Capital. This merger aims to cater to the evolving needs of small businesses across the United States by offering a comprehensive suite of specialized financial products. These encompass convenient access to term loans, factoring, purchase order financing, and asset-based lending. [Published On: 2023-09-18]

  • TAB Bank Completes USD 46 Million Acquisition of BAMFi’s BAM Capital Division

    TAB Bank completed the strategic acquisition of the BAM Capital Division from BAMFi, adding USD 46 million to its portfolio of working capital loan assets. This marks the bank's fourth successful purchase and promises to broaden its presence, especially in the Texas market. With the acquisition, TAB Bank has absorbed a diverse clientele from the transportation, staffing, and manufacturing sectors and integrated the operations and seasoned staff at BAM's Dallas office. [Published On: 2023-04-03]

  • FactorCloud Announces Partnership with Ansonia Credit Data

    FactorCloud announced a partnership with Ansonia Credit Data, giving their customers access to Ansonia's advanced business credit and collections decision tools. This partnership allows FactorCloud customers to seamlessly factor invoices by setting specific criteria. These criteria are automatically evaluated based on the credit score and other key performance indicators (KPIs). This automation significantly enhances the efficiency of factoring companies' teams, enabling them to allocate their time to more intricate decision-making processes. [Published On: 2023-03-21]

Key Company Profiles

The report delves into recent significant developments in the Factoring Market, highlighting leading vendors and their innovative profiles. These include ABN AMRO Group, Aerofund Financial, Inc., American Receivable, Apex Capital Corp., Axiom Bank, N.A., Bluevine Inc. By Fundthrough, BNP Paribas S.A., Breakout Capital, LLC, Canbank Factors Ltd., Capital One Financial Corporation, Catalyst Financial Company, CIT Group Inc., Close Brothers Group PLC, Deutsche Leasing Group, Drip Capital Services India LLP, eCapital, Inc., FactorCloud, Fundbox, Inc., Infusion Funding, LLC, King Trade Capital, New Century Financial, Inc., Nucleus Commercial Finance Ltd., OTR Solutions, Riviera Finance of Texas, Inc., Rosenthal & Rosenthal, RTS Financial Service, Inc., Simplex Group, TAB Bank, TBS Factoring Service, LLC, Triumph Financial, Inc., and Universal Funding Corporation.

Market Segmentation & Coverage

This research report categorizes the Factoring Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • International Factoring
    • Non-Notification Factoring
    • Notification Factoring
  • Industry
    • Aerospace & Defense
    • Automotive & Transportation
    • Banking, Financial Services & Insurance
    • Building, Construction & Real Estate
    • Consumer Goods & Retail
    • Education
    • Energy & Utilities
    • Government & Public Sector
    • Healthcare & Life Sciences
    • Information Technology
    • Manufacturing
    • Media & Entertainment
    • Telecommunication
    • Travel & Hospitality

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Factoring Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Factoring Market?
  3. What are the technology trends and regulatory frameworks in the Factoring Market?
  4. What is the market share of the leading vendors in the Factoring Market?
  5. Which modes and strategic moves are suitable for entering the Factoring Market?

Table of Contents
  1. Preface
    1. Objectives of the Study
    2. Market Segmentation & Coverage
    3. Years Considered for the Study
    4. Currency & Pricing
    5. Language
    6. Stakeholders
  2. Research Methodology
    1. Define: Research Objective
    2. Determine: Research Design
    3. Prepare: Research Instrument
    4. Collect: Data Source
    5. Analyze: Data Interpretation
    6. Formulate: Data Verification
    7. Publish: Research Report
    8. Repeat: Report Update
  3. Executive Summary
  4. Market Overview
  5. Market Insights
    1. Market Dynamics
      1. Drivers
        1. Need for consistent working capital among small & medium size enterprises
        2. Rising international trade activities and cross-border transactions
        3. Increasing focus on financial risk mitigation across industries
      2. Restraints
        1. Impact on the creditworthiness of users and hidden costs of factoring
      3. Opportunities
        1. Technological advancements in factoring solutions and services with AI & ML
        2. Interest in promoting sustainable business practices through green factoring
      4. Challenges
        1. Complexity of factoring agreements and terms & conditions
    2. Market Segmentation Analysis
      1. Type: Emerging need of factoring to help businesses for managing better working capital management of the businesses
      2. Industry: Exponential penetration of factoring for digital banking and government & public industries to ensure smooth financial operations
    3. Market Trend Analysis
    4. Cumulative Impact of High Inflation
    5. Porter’s Five Forces Analysis
      1. Threat of New Entrants
      2. Threat of Substitutes
      3. Bargaining Power of Customers
      4. Bargaining Power of Suppliers
      5. Industry Rivalry
    6. Value Chain & Critical Path Analysis
    7. Regulatory Framework
  6. Factoring Market, by Type
    1. Introduction
    2. International Factoring
    3. Non-Notification Factoring
    4. Notification Factoring
  7. Factoring Market, by Industry
    1. Introduction
    2. Aerospace & Defense
    3. Automotive & Transportation
    4. Banking, Financial Services & Insurance
    5. Building, Construction & Real Estate
    6. Consumer Goods & Retail
    7. Education
    8. Energy & Utilities
    9. Government & Public Sector
    10. Healthcare & Life Sciences
    11. Information Technology
    12. Manufacturing
    13. Media & Entertainment
    14. Telecommunication
    15. Travel & Hospitality
  8. Americas Factoring Market
    1. Introduction
    2. Argentina
    3. Brazil
    4. Canada
    5. Mexico
    6. United States
  9. Asia-Pacific Factoring Market
    1. Introduction
    2. Australia
    3. China
    4. India
    5. Indonesia
    6. Japan
    7. Malaysia
    8. Philippines
    9. Singapore
    10. South Korea
    11. Taiwan
    12. Thailand
    13. Vietnam
  10. Europe, Middle East & Africa Factoring Market
    1. Introduction
    2. Denmark
    3. Egypt
    4. Finland
    5. France
    6. Germany
    7. Israel
    8. Italy
    9. Netherlands
    10. Nigeria
    11. Norway
    12. Poland
    13. Qatar
    14. Russia
    15. Saudi Arabia
    16. South Africa
    17. Spain
    18. Sweden
    19. Switzerland
    20. Turkey
    21. United Arab Emirates
    22. United Kingdom
  11. Competitive Landscape
    1. Market Share Analysis, 2023
    2. FPNV Positioning Matrix, 2023
    3. Competitive Scenario Analysis
      1. Breakout Capital and 12Five Capital Join Forces to Create a Powerhouse in Small Business Lending
      2. TAB Bank Completes USD 46 Million Acquisition of BAMFi’s BAM Capital Division
      3. FactorCloud Announces Partnership with Ansonia Credit Data
      4. Rosenthal & Rosenthal Launches New Recourse Factoring Program
  12. Competitive Portfolio
    1. Key Company Profiles
    2. Key Product Portfolio
  13. List of Figures [Total: 20]
    1. FACTORING MARKET RESEARCH PROCESS
    2. FACTORING MARKET SIZE, 2023 VS 2030
    3. GLOBAL FACTORING MARKET SIZE, 2018-2030 (USD MILLION)
    4. GLOBAL FACTORING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
    5. GLOBAL FACTORING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
    6. FACTORING MARKET DYNAMICS
    7. GLOBAL FACTORING MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
    8. GLOBAL FACTORING MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
    9. GLOBAL FACTORING MARKET SIZE, BY INDUSTRY, 2023 VS 2030 (%)
    10. GLOBAL FACTORING MARKET SIZE, BY INDUSTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    11. AMERICAS FACTORING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    12. AMERICAS FACTORING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    13. UNITED STATES FACTORING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
    14. UNITED STATES FACTORING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
    15. ASIA-PACIFIC FACTORING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    16. ASIA-PACIFIC FACTORING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    17. EUROPE, MIDDLE EAST & AFRICA FACTORING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    18. EUROPE, MIDDLE EAST & AFRICA FACTORING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    19. FACTORING MARKET SHARE, BY KEY PLAYER, 2023
    20. FACTORING MARKET, FPNV POSITIONING MATRIX, 2023
  14. List of Tables [Total: 218]
    1. FACTORING MARKET SEGMENTATION & COVERAGE
    2. UNITED STATES DOLLAR EXCHANGE RATE, 2018–2023
    3. GLOBAL FACTORING MARKET SIZE, 2018-2023 (USD MILLION)
    4. GLOBAL FACTORING MARKET SIZE, 2024-2030 (USD MILLION)
    5. GLOBAL FACTORING MARKET SIZE, BY REGION, 2018-2023 (USD MILLION)
    6. GLOBAL FACTORING MARKET SIZE, BY REGION, 2024-2030 (USD MILLION)
    7. GLOBAL FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    8. GLOBAL FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    9. GLOBAL FACTORING MARKET SIZE, BY INTERNATIONAL FACTORING, BY REGION, 2018-2023 (USD MILLION)
    10. GLOBAL FACTORING MARKET SIZE, BY INTERNATIONAL FACTORING, BY REGION, 2024-2030 (USD MILLION)
    11. GLOBAL FACTORING MARKET SIZE, BY NON-NOTIFICATION FACTORING, BY REGION, 2018-2023 (USD MILLION)
    12. GLOBAL FACTORING MARKET SIZE, BY NON-NOTIFICATION FACTORING, BY REGION, 2024-2030 (USD MILLION)
    13. GLOBAL FACTORING MARKET SIZE, BY NOTIFICATION FACTORING, BY REGION, 2018-2023 (USD MILLION)
    14. GLOBAL FACTORING MARKET SIZE, BY NOTIFICATION FACTORING, BY REGION, 2024-2030 (USD MILLION)
    15. GLOBAL FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    16. GLOBAL FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    17. GLOBAL FACTORING MARKET SIZE, BY AEROSPACE & DEFENSE, BY REGION, 2018-2023 (USD MILLION)
    18. GLOBAL FACTORING MARKET SIZE, BY AEROSPACE & DEFENSE, BY REGION, 2024-2030 (USD MILLION)
    19. GLOBAL FACTORING MARKET SIZE, BY AUTOMOTIVE & TRANSPORTATION, BY REGION, 2018-2023 (USD MILLION)
    20. GLOBAL FACTORING MARKET SIZE, BY AUTOMOTIVE & TRANSPORTATION, BY REGION, 2024-2030 (USD MILLION)
    21. GLOBAL FACTORING MARKET SIZE, BY BANKING, FINANCIAL SERVICES & INSURANCE, BY REGION, 2018-2023 (USD MILLION)
    22. GLOBAL FACTORING MARKET SIZE, BY BANKING, FINANCIAL SERVICES & INSURANCE, BY REGION, 2024-2030 (USD MILLION)
    23. GLOBAL FACTORING MARKET SIZE, BY BUILDING, CONSTRUCTION & REAL ESTATE, BY REGION, 2018-2023 (USD MILLION)
    24. GLOBAL FACTORING MARKET SIZE, BY BUILDING, CONSTRUCTION & REAL ESTATE, BY REGION, 2024-2030 (USD MILLION)
    25. GLOBAL FACTORING MARKET SIZE, BY CONSUMER GOODS & RETAIL, BY REGION, 2018-2023 (USD MILLION)
    26. GLOBAL FACTORING MARKET SIZE, BY CONSUMER GOODS & RETAIL, BY REGION, 2024-2030 (USD MILLION)
    27. GLOBAL FACTORING MARKET SIZE, BY EDUCATION, BY REGION, 2018-2023 (USD MILLION)
    28. GLOBAL FACTORING MARKET SIZE, BY EDUCATION, BY REGION, 2024-2030 (USD MILLION)
    29. GLOBAL FACTORING MARKET SIZE, BY ENERGY & UTILITIES, BY REGION, 2018-2023 (USD MILLION)
    30. GLOBAL FACTORING MARKET SIZE, BY ENERGY & UTILITIES, BY REGION, 2024-2030 (USD MILLION)
    31. GLOBAL FACTORING MARKET SIZE, BY GOVERNMENT & PUBLIC SECTOR, BY REGION, 2018-2023 (USD MILLION)
    32. GLOBAL FACTORING MARKET SIZE, BY GOVERNMENT & PUBLIC SECTOR, BY REGION, 2024-2030 (USD MILLION)
    33. GLOBAL FACTORING MARKET SIZE, BY HEALTHCARE & LIFE SCIENCES, BY REGION, 2018-2023 (USD MILLION)
    34. GLOBAL FACTORING MARKET SIZE, BY HEALTHCARE & LIFE SCIENCES, BY REGION, 2024-2030 (USD MILLION)
    35. GLOBAL FACTORING MARKET SIZE, BY INFORMATION TECHNOLOGY, BY REGION, 2018-2023 (USD MILLION)
    36. GLOBAL FACTORING MARKET SIZE, BY INFORMATION TECHNOLOGY, BY REGION, 2024-2030 (USD MILLION)
    37. GLOBAL FACTORING MARKET SIZE, BY MANUFACTURING, BY REGION, 2018-2023 (USD MILLION)
    38. GLOBAL FACTORING MARKET SIZE, BY MANUFACTURING, BY REGION, 2024-2030 (USD MILLION)
    39. GLOBAL FACTORING MARKET SIZE, BY MEDIA & ENTERTAINMENT, BY REGION, 2018-2023 (USD MILLION)
    40. GLOBAL FACTORING MARKET SIZE, BY MEDIA & ENTERTAINMENT, BY REGION, 2024-2030 (USD MILLION)
    41. GLOBAL FACTORING MARKET SIZE, BY TELECOMMUNICATION, BY REGION, 2018-2023 (USD MILLION)
    42. GLOBAL FACTORING MARKET SIZE, BY TELECOMMUNICATION, BY REGION, 2024-2030 (USD MILLION)
    43. GLOBAL FACTORING MARKET SIZE, BY TRAVEL & HOSPITALITY, BY REGION, 2018-2023 (USD MILLION)
    44. GLOBAL FACTORING MARKET SIZE, BY TRAVEL & HOSPITALITY, BY REGION, 2024-2030 (USD MILLION)
    45. AMERICAS FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    46. AMERICAS FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    47. AMERICAS FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    48. AMERICAS FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    49. AMERICAS FACTORING MARKET SIZE, BY COUNTRY, 2018-2023 (USD MILLION)
    50. AMERICAS FACTORING MARKET SIZE, BY COUNTRY, 2024-2030 (USD MILLION)
    51. ARGENTINA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    52. ARGENTINA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    53. ARGENTINA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    54. ARGENTINA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    55. BRAZIL FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    56. BRAZIL FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    57. BRAZIL FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    58. BRAZIL FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    59. CANADA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    60. CANADA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    61. CANADA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    62. CANADA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    63. MEXICO FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    64. MEXICO FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    65. MEXICO FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    66. MEXICO FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    67. UNITED STATES FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    68. UNITED STATES FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    69. UNITED STATES FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    70. UNITED STATES FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    71. UNITED STATES FACTORING MARKET SIZE, BY STATE, 2018-2023 (USD MILLION)
    72. UNITED STATES FACTORING MARKET SIZE, BY STATE, 2024-2030 (USD MILLION)
    73. ASIA-PACIFIC FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    74. ASIA-PACIFIC FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    75. ASIA-PACIFIC FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    76. ASIA-PACIFIC FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    77. ASIA-PACIFIC FACTORING MARKET SIZE, BY COUNTRY, 2018-2023 (USD MILLION)
    78. ASIA-PACIFIC FACTORING MARKET SIZE, BY COUNTRY, 2024-2030 (USD MILLION)
    79. AUSTRALIA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    80. AUSTRALIA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    81. AUSTRALIA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    82. AUSTRALIA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    83. CHINA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    84. CHINA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    85. CHINA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    86. CHINA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    87. INDIA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    88. INDIA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    89. INDIA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    90. INDIA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    91. INDONESIA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    92. INDONESIA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    93. INDONESIA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    94. INDONESIA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    95. JAPAN FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    96. JAPAN FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    97. JAPAN FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    98. JAPAN FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    99. MALAYSIA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    100. MALAYSIA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    101. MALAYSIA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    102. MALAYSIA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    103. PHILIPPINES FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    104. PHILIPPINES FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    105. PHILIPPINES FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    106. PHILIPPINES FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    107. SINGAPORE FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    108. SINGAPORE FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    109. SINGAPORE FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    110. SINGAPORE FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    111. SOUTH KOREA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    112. SOUTH KOREA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    113. SOUTH KOREA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    114. SOUTH KOREA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    115. TAIWAN FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    116. TAIWAN FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    117. TAIWAN FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    118. TAIWAN FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    119. THAILAND FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    120. THAILAND FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    121. THAILAND FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    122. THAILAND FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    123. VIETNAM FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    124. VIETNAM FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    125. VIETNAM FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    126. VIETNAM FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    127. EUROPE, MIDDLE EAST & AFRICA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    128. EUROPE, MIDDLE EAST & AFRICA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    129. EUROPE, MIDDLE EAST & AFRICA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    130. EUROPE, MIDDLE EAST & AFRICA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    131. EUROPE, MIDDLE EAST & AFRICA FACTORING MARKET SIZE, BY COUNTRY, 2018-2023 (USD MILLION)
    132. EUROPE, MIDDLE EAST & AFRICA FACTORING MARKET SIZE, BY COUNTRY, 2024-2030 (USD MILLION)
    133. DENMARK FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    134. DENMARK FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    135. DENMARK FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    136. DENMARK FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    137. EGYPT FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    138. EGYPT FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    139. EGYPT FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    140. EGYPT FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    141. FINLAND FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    142. FINLAND FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    143. FINLAND FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    144. FINLAND FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    145. FRANCE FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    146. FRANCE FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    147. FRANCE FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    148. FRANCE FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    149. GERMANY FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    150. GERMANY FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    151. GERMANY FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    152. GERMANY FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    153. ISRAEL FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    154. ISRAEL FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    155. ISRAEL FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    156. ISRAEL FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    157. ITALY FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    158. ITALY FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    159. ITALY FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    160. ITALY FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    161. NETHERLANDS FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    162. NETHERLANDS FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    163. NETHERLANDS FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    164. NETHERLANDS FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    165. NIGERIA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    166. NIGERIA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    167. NIGERIA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    168. NIGERIA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    169. NORWAY FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    170. NORWAY FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    171. NORWAY FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    172. NORWAY FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    173. POLAND FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    174. POLAND FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    175. POLAND FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    176. POLAND FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    177. QATAR FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    178. QATAR FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    179. QATAR FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    180. QATAR FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    181. RUSSIA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    182. RUSSIA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    183. RUSSIA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    184. RUSSIA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    185. SAUDI ARABIA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    186. SAUDI ARABIA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    187. SAUDI ARABIA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    188. SAUDI ARABIA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    189. SOUTH AFRICA FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    190. SOUTH AFRICA FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    191. SOUTH AFRICA FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    192. SOUTH AFRICA FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    193. SPAIN FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    194. SPAIN FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    195. SPAIN FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    196. SPAIN FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    197. SWEDEN FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    198. SWEDEN FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    199. SWEDEN FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    200. SWEDEN FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    201. SWITZERLAND FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    202. SWITZERLAND FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    203. SWITZERLAND FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    204. SWITZERLAND FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    205. TURKEY FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    206. TURKEY FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    207. TURKEY FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    208. TURKEY FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    209. UNITED ARAB EMIRATES FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    210. UNITED ARAB EMIRATES FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    211. UNITED ARAB EMIRATES FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    212. UNITED ARAB EMIRATES FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    213. UNITED KINGDOM FACTORING MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    214. UNITED KINGDOM FACTORING MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    215. UNITED KINGDOM FACTORING MARKET SIZE, BY INDUSTRY, 2018-2023 (USD MILLION)
    216. UNITED KINGDOM FACTORING MARKET SIZE, BY INDUSTRY, 2024-2030 (USD MILLION)
    217. FACTORING MARKET SHARE, BY KEY PLAYER, 2023
    218. FACTORING MARKET, FPNV POSITIONING MATRIX, 2023
  15. List of Companies Mentioned [Total: 31]
    1. ABN AMRO Group
    2. Aerofund Financial, Inc.
    3. American Receivable
    4. Apex Capital Corp.
    5. Axiom Bank, N.A.
    6. Bluevine Inc. By Fundthrough
    7. BNP Paribas S.A.
    8. Breakout Capital, LLC
    9. Canbank Factors Ltd.
    10. Capital One Financial Corporation
    11. Catalyst Financial Company
    12. CIT Group Inc.
    13. Close Brothers Group PLC
    14. Deutsche Leasing Group
    15. Drip Capital Services India LLP
    16. eCapital, Inc.
    17. FactorCloud
    18. Fundbox, Inc.
    19. Infusion Funding, LLC
    20. King Trade Capital
    21. New Century Financial, Inc.
    22. Nucleus Commercial Finance Ltd.
    23. OTR Solutions
    24. Riviera Finance of Texas, Inc.
    25. Rosenthal & Rosenthal
    26. RTS Financial Service, Inc.
    27. Simplex Group
    28. TAB Bank
    29. TBS Factoring Service, LLC
    30. Triumph Financial, Inc.
    31. Universal Funding Corporation
How Technological Advancements are Transforming the Factoring Industry
October 22, 2023
BLOG
How Technological Advancements are Transforming the Factoring Industry
The factoring industry has been around for centuries, offering businesses an alternative to traditional bank loans. However, with the recent surge in technological innovation, the industry is undergoing a revolution that promises to transform the way businesses access funding. In particular, integrating Artificial Intelligence (AI) and Machine Learning (ML) technologies is paving the way for faster, more efficient, and cost-effective factoring solutions and services. This blog post explores the role of AI and ML in factoring and assessing their potential impact on the industry.

What is Factoring, and Why is it Relevant in Today's Economy?

Factoring is an alternative financing method that allows businesses to sell their unpaid invoices or accounts receivables to a third-party company, called a factor. The remaining amount, minus a fee, is paid to the business once the customers pay the invoices. Factoring is especially relevant for businesses that need cash flow to maintain and grow their operations but cannot access traditional bank loans due to low credit scores, short operating histories, or other reasons.

AI and ML are transforming the factoring industry in three main ways:

Faster Credit and Risk Assessment:

AI and ML algorithms can analyze large data sets, such as credit scores, financial statements, and customer payment histories, to quickly provide an accurate assessment of a business's creditworthiness and risk profile. This enables factors to make faster funding decisions, reduce the risk of fraud, and minimize the need for manual underwriting.

Automated Invoice Processing:

AI and ML can also automate the processing of invoices, reducing the time and effort required to manage and reconcile accounts receivables. This includes using Optical Character Recognition (OCR) technology to convert invoice data into digital format, eliminating errors, and speeding up the verification and payment process.

Predictive Cash Flow Management:

AI and ML can use historical data and real-time analytics to predict cash flow patterns and alert businesses and factors of potential cash shortfalls. This enables businesses to proactively manage their cash flow, reduce the risk of late payments, and optimize their working capital.

Benefits of AI and ML for Businesses and Factors

Faster Access to Funding:

AI and ML can reduce the time required to assess a business's risk and underwrite funding. This enables businesses to access funding faster and with less hassle.

Less Manual Work:

With invoice processing automation, businesses and factors can significantly reduce the time and effort required to manage accounts receivables, freeing up resources for other essential operations.

Better Cash Flow Management:

Predictive cash flow management gives businesses greater visibility and control over their finances, reducing the risk of cash shortfalls and enabling effective financial planning.

Reduced Risk:

With faster credit and risk assessments, factors can reduce risk exposure and minimize the likelihood of defaults and delinquencies.

The Future of Factoring:

As AI and ML evolve, their role in the factoring industry will likely become even more prominent. In the future, we can expect to see more sophisticated AI and ML algorithms that can analyze increasingly complex data sets, offer more accurate predictions, and streamline even more invoicing and funding processes.

Integrating AI and ML in factoring solutions and services represents a significant advancement in the factoring industry, offering businesses faster access to funding, easier invoice processing, and better cash flow management. The benefits of these technologies for both businesses and factors are clear. As they continue to evolve, we expect to see even more innovations that further transform the industry. Overall, AI and ML offer a brighter future for businesses that rely on factoring as a lifeline for their financial sustainability and growth.

Frequently Asked Questions
  1. How big is the Factoring Market?
    Ans. The Global Factoring Market size was estimated at USD 3.85 trillion in 2023 and expected to reach USD 4.10 trillion in 2024.
  2. What is the Factoring Market growth?
    Ans. The Global Factoring Market to grow USD 6.26 trillion by 2030, at a CAGR of 7.19%
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