The global trade finance market is currently witnessing moderate growth. Trade finance, or export finance, refers to various financial products that are used by organizations to manage international trade and commerce. It is commonly used by banks, trade finance companies, export credit agencies, importers and exporters. Unlike general finance, trade finance introduces a third party to the transactions and is primarily used to streamline cash flow and provide protection against the risks of international trade, such as currency fluctuations, political instability and instances of non-payment.
The global market for trade finance is primarily being driven by rapid urbanization and the steadily growing global trade. Furthermore, the integration of advanced technologies, such as blockchain, artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT) with trade finance, is also providing a boost to the market growth. These technologies enable the organizations to use chatbots, natural language processing (NLP) and predictive analysis to recognize market patterns, resolve concerns, anticipate demand and take appropriate measures.
Additionally, the increasing utilization of electronic systems, such as optical character recognition (OCR), quick response (QR) codes and radio frequency identification (RFID) readers, to enhance the digitization of trade financing operations, is acting as another growth-inducing factor. In comparison to the traditionally used methods, these devices also aid in streamlining the manual process of document identification and simplifying trade transactions. Other factors, including the introduction of clearinghouses that analyze the financial capabilities of buyers and sellers, along with the implementation of favorable government policies and growing investments in the banking, financial services and insurance (BFSI) sector, are projected to drive the market in the coming years.
This report provides a deep insight into the global trade finance market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the trade finance market in any manner.
The competitive landscape of the industry has also been examined with some of the key players being Asian Development Bank, Banco Santander SA, Bank of America Corp., BNP Paribas SA, Citigroup Inc., Credit Agricole Group, Euler Hermes, Goldman Sachs Group Inc., HSBC Holdings Plc, JPMorgan Chase & Co., Mitsubishi Ufj Financial Group Inc., Morgan Stanley, Royal Bank of Scotland, Standard Chartered Bank, Wells Fargo & Co., etc
Key Questions Answered in this Report:
How has the global trade finance market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global trade finance market?
What is the breakup of the market based on the finance type?
What is the breakup of the market based on the offering?
What is the breakup of the market based on the service provider?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global trade finance market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends
5 Global Trade Finance Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast
13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes
14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players 14.3.1 Asian Development Bank 220.127.116.11 Company Overview 18.104.22.168 Product Portfolio 14.3.2 Banco Santander SA 22.214.171.124 Company Overview 126.96.36.199 Product Portfolio 14.3.3 Bank of America Corp. 188.8.131.52 Company Overview 184.108.40.206 Product Portfolio 14.3.4 BNP Paribas SA 220.127.116.11 Company Overview 18.104.22.168 Product Portfolio 14.3.5 Citigroup Inc. 22.214.171.124 Company Overview 126.96.36.199 Product Portfolio 14.3.6 Credit Agricole Group 188.8.131.52 Company Overview 184.108.40.206 Product Portfolio 14.3.7 Euler Hermes 220.127.116.11 Company Overview 18.104.22.168 Product Portfolio 14.3.8 Goldman Sachs Group Inc. 22.214.171.124 Company Overview 126.96.36.199 Product Portfolio 14.3.9 HSBC Holdings Plc 188.8.131.52 Company Overview 184.108.40.206 Product Portfolio 14.3.10 JPMorgan Chase & Co. 220.127.116.11 Company Overview 18.104.22.168 Product Portfolio 14.3.11 Mitsubishi Ufj Financial Group Inc. 22.214.171.124 Company Overview 126.96.36.199 Product Portfolio 14.3.12 Morgan Stanley 188.8.131.52 Company Overview 184.108.40.206 Product Portfolio 14.3.13 Royal Bank of Scotland 220.127.116.11 Company Overview 18.104.22.168 Product Portfolio 14.3.14 Standard Chartered Bank 22.214.171.124 Company Overview 126.96.36.199 Product Portfolio 14.3.15 Wells Fargo & Co. 188.8.131.52 Company Overview 184.108.40.206 Product Portfolio