[November 23, 2021]

Trade Finance Market - Global Opportunity Analysis and Industry Forecast, 2021-2030 - Opportunity in the Integration of Blockchain - ResearchAndMarkets.com

The "Trade Finance Market by Product Type, Provider, Application and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

Trade finance is the financing of international trade flows, acting as an intermediary between importers and exporters to mitigate the risks involved in transactions and enhance working capital efficiency in businesses. It deals with activities related to financing of domestic and international trade.

Trade finance includes issuing letters of credit (LCs), receivables and invoice finance, credit agency, export finance, bank guarantees, insurance, and others. It is used by buyers, sellers, manufactures, importers, and exporters to ease financing activities and deals with the way cash, credit, investments, and other assets are used for trade. The key advantage of trade finance is that it facilitates easy way to arrange short-term finance.

Rise in need for safety & security of trading activities, surge in adoption of trade finance by SMEs in developing countries, increased competition, and new trade agreements are the major factors that drive the growth of the global trade Finance market. Moreover, surge in trade wars and high implementation of cost hamper the growth of the market.

Furthermore, integration of block chain technology in trade finance is expecte to provide lucrative opportunities for the market expansion during the forecast period.

Market Dynamics

Drivers

• Rise in need for safety and security of trading activities
• Surge in adoption of trade finance by SMEs in developing countries
• Increased competition and new trade agreements

Restraints

• Rise in trade wars
• High implementation cost

Opportunity

• Integration of blockchain in trade finance

COVID-19 impact analysis on the trade finance market

• Impact on market size
• Consumer trends, preferences, and budget impact
• Regulatory framework for solving market challenges faced by trade finance solution provider
• Economic Impact
• Key player strategies to tackle negative impact
• Opportunity Window

The key players profiled in the trade finance market report are

• Asian Development Bank
• Bank of America Corporation
• BNP Paribas S.A.
• Citigroup Inc.
• Euler Hermes Group
• HSBC Holdings PLC
• JPMorgan Chase & Co
• Mitsubishi (News - Alert) UFJ Financial Inc.
• The Royal Bank of Scotland Group plc
• Standard Chartered PLC

Key Market Segments

By Product Type

• Commercial Letters of Credit (LCs)
• Standby Letters of Credit (LCs)
• Guarantees
• others

By Provider

• Banks
• Trade Finance Houses
• Others

By Application

• Domestic
• International

By End User

• Traders
• Importers
• Exporters

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Brazil
• Turkey
• Saudi Arabia
• South Africa
• Rest of LAMEA

For more information about this report visit https://www.researchandmarkets.com/r/v9lqug

View source version on businesswire.com: https://www.businesswire.com/news/home/20211123005778/en/

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