Global Factoring Services Market Poised to Reach $7 Trillion by 2030, Growing at a CAGR of 8.8%
DUBLIN, Aug. 4, 2022 /PRNewswire/ -- The 'Factoring Services Market Size, Share & Trends Analysis Report by Category (Domestic, International), by Type (Recourse, Non-recourse), by Financial Institution, by End Use, by Region, and Segment Forecasts, 2022-2030' report has been added to ResearchAndMarkets.com's offering.
The global factoring services market size is expected to reach USD 7,005.90 billion by 2030, registering a CAGR of 8.8% from 2022 to 2030. The market growth can be attributed to the increasing open trade accounts and cross-border businesses. The expansion of the manufacturing industry in Asian countries and the growing need among startups and SMEs for an alternate source of finance are further driving the market growth.
Factoring Services Market Report Highlights
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