MRC Announces the Publication of its Research Report Global Factoring Market 2018-2022
MRC recognizes the following companies as the key players in the global factoring market: BNP Paribas, Deutsche Factoring Bank, Eurobank, HSBC Group, and Mizuho Financial Group.
Commenting on the report, an analyst from MRCs team said: One trend in the market is advent of blockchain in factoring services. Governments of various countries are investing heavily in blockchain technology, due to the steady growth of value and acceptance in the mainstream payment method. Our analysts report that this technology has the capability to modify the functioning of exchanges such as the stock market, patent awarding, and factoring.
According to the report, one driver in the market is growing need for alternative source of financing for MSMEs. MSMEs depend extensively on financing to expand their business, develop new products, and invest in improved inventory management systems and production facilities. Factoring businesses offer working capital loans that mitigate credit risks, by providing loans without start-up fees or termination fees.
Further, the report states that one challenge in the market is lack of stringent regulatory framework for debt recovery mechanism in developing countries. The factoring market faces challenges due to weak tax and legal and regulatory barriers. In developing countries, weak infrastructure also creates more stalemates for the collection of receivables.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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The market is expected to grow at a CAGR of 10.43%
Factoring is a service of financial nature involving the conversion of credit bill into cash. It is a process or mechanism by which a company generates finance against its receivables. Factoring is asset-based financing in which the factor gives credit by looking at the creditworthiness of the borrower.
MRCs analysts forecast the global factoring market to grow at a CAGR of 13.28% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global factoring market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
MRC's report, Global Factoring Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Deutsche Factoring Bank
Mizuho Financial Group
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market segmentation analysis
PART 05: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers (MSMEs)
Bargaining power of suppliers (Factor firms)
Threat of new entrants (New factor firms)
Threat of substitutes
Threat of rivalry
PART 07: CUSTOMER LANDSCAPE
Review the summary and complete table of content at https://marketreportscenter.com/reports/588148/global-factoring-market-2018-2022
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