COVID-19 Impacts: Trade Finance Market Will Accelerate at a CAGR of Over 4% Through 2020-2024 | Growing Number of Exports to Boost Growth | Technavio
Technavio has been monitoring the trade finance market and it is poised to grow by USD 11.25 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Trade Finance Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo & Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing number of exports has been instrumental in driving the growth of the market.
Trade Finance Market 2020-2024: Segmentation
Trade Finance Market is segmented as below:
Trade Finance Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our trade finance market report covers the following areas:
This study identifies the emergence of clearing houses as one of the prime reasons driving the trade finance market growth during the next few years.
Trade Finance Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the trade finance market, including some of the vendors such as Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo & Co. Backed with competitive intelligence and benchmarking, our research reports on the trade finance market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Trade Finance Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Trade Finance Instruments
Drivers, Challenges, and Trends