Factoring Services Market In-Depth Research On Basis Of Category, Type, Financial Institution, End-Use, Region And Forecast To 2028
San Francisco, 16 Aug 2021: The Report 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, 2021 - 2028 The global factoring services market size is expected to reach USD 5,973.9 billion by 2028, registering a CAGR of 8.4%, from 2021 to 2028, according to a new study by Grand View Research, Inc. The growth can be attributed to the increasing number of open trade accounts, the expansion of businesses in the Asian market, mainly led by China, the rise in cross-border factoring, and the rapid development of factoring services across the European Union. Moreover, the increasing need for an alternative source of financing for Small and Medium Enterprises (SMEs) has also been driving the market growth. Additionally, the implementation of blockchain technology in factoring solutions is likely to help improve the overall supply cha