COVID-19 Impacts: Trade Finance Market Will Accelerate at a CAGR of Over 4% Through 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 USD 11.25 billion 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.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What was the value of the trade finance market in 2019?
• Technavio says that the value of the market was at USD 47.61 billion in 2019 and it is projected to reach USD 58.86 billion by 2024.
• At what rate is the market projected to grow during the forecast period 2020–2024?
• Growing at a CAGR of over 4%, the market growth will accelerate in the forecast period.
• What is the key factor driving the market?
• A growing number of exports and the emergence of clearing houses are the key factors driving the market growth.
• Who are the top players in the market?
• 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.
• Which region is expected to hold the highest market share?
• APAC

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.

Growing number of exports has been instrumental in driving the growth of the market.

Trade Finance Market 2020–2024: Segmentation

Trade Finance Market is segmented as below:

• Trade Finance Instruments
• 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. Our trade finance market report covers the following areas:

• Trade Finance Market size
• Trade Finance Market trends
• Trade Finance Market 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.

Trade Finance Market 2020–2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the trade finance market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the trade finance market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.