Portland, OR, Nov. 11, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global invoice factoring market was estimated at $1946.5 billion in 2021 and is expected to hit $4618.9 billion by 2031, registering a CAGR of 9.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $1946.5 Billion |
| Market Size in 2031 | $4618.9 Billion |
| CAGR | 9.4% |
| No. of Pages in Report | 342 |
| Segments Covered | Type, Application, Enterprise Size, Provider, Industry Vertical, and Region. |
| Drivers | Rise in open account trading and technological advancements such as automated devices |
| Restraints | Lack of stringent regulatory frameworks |
| Opportunities | Adoption of machine learning and artificial intelligence in the leading sectors |
Covid-19 scenario-
- The majority of businesses across the world were opting for factoring to fulfill short-term cash requirements, which impacted the global invoice factoring market…
