Burden of COVID-19 on the Market & Rehabilitation Plan | Trade Finance Market 2020–2024 | Growing Number of Exports to Boost Growth | Technavio
Technavio has been monitoring the trade finance market and it is poised to grow by $11.25 bn during 2020–2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Crédit Agricole Group, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo & Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Growing number of exports has been instrumental in driving the growth of the market. However, lack of focus of trade financing for SMEs might hamper the market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/trade-finance-market-industry-analysis
Trade Finance Market 2020–2024: Segmentation
Trade Finance Market is segmented as below:
- Product
- Geographic Landscape
- Traditional Trade Finance
- Supply Chain Finance
- Structured Trade Finance
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40571
Trade Finance Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The trade finance market report covers the following areas:
- Trade Finance Market Size
- Trade Finance Market Trends
- Trade Finance Market Industry Analysis
This study identifies the emergence of clearing houses as one of the prime reasons driving the trade finance market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
