Global Trade Finance Market to Grow by USD 10.64 Billion during 2019-2023 | Technavio

Technavio has published a new market research report on the global trade finance market from 2019-2023. (Graphic: Business Wire)

LONDON--()--Technavio’s latest market research report on the global trade finance market predicts the market to witness a CAGR of over 4% during the forecast period. This research report segments the market by trade finance instruments (traditional trade finance, supply chain finance, and structured trade finance) and geography (APAC, Europe, MEA, North America, and South America).

Increasing incorporation of technology with trade finance

Technology is increasingly being integrated in critical businesses across industries including banking, financial services, and insurance sector. Modern technical concepts including blockchain, artificial intelligence, machine learning, and IoT are often deployed to solve banking problems and find application in trade financing. AI and machine learning use predictive analytics to provide enterprises with opportunities and solutions for specific problems in the trade financing market. Moreover, the deployment of blockchain technology with trade finance enables enterprises to increase efficiency and reduce the complexity of end-to-end invoice finance transactions. Thus, with the rising deployment of innovative technologies, conventional trade finance solutions are set to improve significantly in terms of efficiency. Therefore, the global trade finance market is anticipated to witness a surge in growth over the next few years.

Traditional trade finance segment garnered the highest share in 2018

Traditional trade finance provides a spectrum of risk management tools and trade payment through products, including commercial letters of credit, documentary collections, open account processing, document preparation, and purchase order management. Vendors are offering traditional trade finance solutions through web-based trade transaction management platforms to help the clients manage their trade activities right from purchase order to payments. In addition, these solutions connect the sellers and buyers with the vendor network to offer access and create visibility. Therefore, the traditional trade finance solution not only accelerates the payment cycle, but also reduces costs while streamlining the overall process.

“Rising benefits of trade finance services coupled with the growing incorporation of technology are fueling the trade finance market growth. This has encouraged vendors to launch technologically advanced trade finance solutions to help streamline the manual process of document identification and simplify trade transactions,” says a senior research analyst at Technavio

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Trade finance market to witness fastest adoption in the APAC region

With the growing number of enterprises shifting their focus toward the emerging economies including India and China, the demand for trade finance market will witness considerable growth in the APAC region over the next few years. Growing support from governments towards strengthening trade finance to facilitate exports will contribute to the market growth in this region. Furthermore, growing digitization and rapidly evolving technology is encouraging vendors to incorporate blockchain technology to offer highly efficient invoice finance transactions.

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the global trade finance market analysis include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

Technavio’s latest market research report on the global trade finance market predicts the market to witness a CAGR of over 4% during 2019-2023


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200