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{"id":16624,"date":"2022-06-10T05:19:39","date_gmt":"2022-06-10T05:19:39","guid":{"rendered":"https:\/\/mazingus.com\/?p=16624"},"modified":"2022-06-10T05:19:39","modified_gmt":"2022-06-10T05:19:39","slug":"factoring-market-exhibiting-at-a-cagr-of-6-1-during-2022-2027","status":"publish","type":"post","link":"https:\/\/mazingus.com\/factoring-market-exhibiting-at-a-cagr-of-6-1-during-2022-2027\/","title":{"rendered":"Factoring Market exhibiting at a CAGR of 6.1% during 2022-2027"},"content":{"rendered":"\n

According to IMARC Group\u2019s latest report, titled \u201cFactoring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,\u201d The global factoring market reached a value of US$ 3,467 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4,877 Billion by 2027, exhibiting at a CAGR of 6.1% during 2022-2027.<\/p>\n\n\n\n

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.<\/p>\n\n\n\n

Factoring, also known as debtor financing, refers to an asset-based financial arrangement. It involves a process of purchasing a debt or invoice at discounted prices from an organization to allow profits to the buyer upon settlement. Some of the common forms of the process are recourse, non-recourse, domestic, discourse, disclosed, export advance, and maturity factoring.<\/p>\n\n\n\n

Request Free Sample Report:<\/strong> https:\/\/www.imarcgroup.com\/factoring-market\/requestsample<\/a><\/p>\n\n\n\n

Market Trends<\/strong><\/p>\n\n\n\n

The expanding BFSI sector, along with the wide availability of financing services for micro, small and medium enterprises (MSME), is propelling the market growth. Additionally, the growing awareness towards numerous benefits of factoring in enabling the business to obtain working capital loans and mitigate credit risks is also driving the global market. Apart from this, the rising integration of blockchain technology and cryptocurrency with factoring solutions is further augmenting the market across the globe. In the coming years, the growing adoption of digital platforms in trade financing coupled with the increasing number of cross-border trade activities will continue to drive the growth of the global factoring market.<\/p>\n\n\n\n

Ask Analyst and Browse Full Report with TOC & List of Figure:<\/strong> https:\/\/www.imarcgroup.com\/factoring-market<\/a><\/p>\n\n\n\n

List of Key Companies Covered in this Market Report:<\/strong><\/p>\n\n\n\n