Trade Finance Software Market Strategies and Forecast by 2031
무역 금융 소프트웨어 시장 규모는 2023년 21억 4천만 달러에서 2031년 48억 7천만 달러에 이를 것으로 예상됩니다. 시장은 2023~2031년 연평균 성장률(CAGR) 10.8%를 기록할 것으로 예상됩니다. 디지털화 증가와 클라우드 기반 기술 채택은 무역 금융 소프트웨어 시장의 주요 동향으로 남을 가능성이 높습니다.
무역 금융 소프트웨어 시장 분석
무역 금융 프로세스의 디지털화가 증가하는 것은 무역 금융 소프트웨어 시장 성장을 촉진하는 주요 요인입니다. 효율성이 향상되고 비용이 절감되면서 전자 문서 및 클라우드 기반 무역 금융 솔루션이 점점 더 전통적인 종이 기반 방법을 대체하여 시장 성장에 기여하고 있습니다.
무역 금융 소프트웨어 시장 개요
투명성과 국제 무역 규정 준수의 필요성으로 인해 실시간 모니터링 및 보고 기능을 갖춘 소프트웨어 솔루션이 채택되었습니다. 국제 무역의 변화하는 요구 사항을 충족하는 최첨단 솔루션을 제공하는 데 중점을 두고 있는 무역 금융 소프트웨어 시장은 세계 무역 환경이 계속 변화하고 기업이 보다 안전하고 효율적인 무역 금융 운영을 추구함에 따라 더욱 확장될 준비가 되어 있습니다.
귀하의 요구 사항에 맞게 연구를 맞춤화하십시오
우리는 표준 제품을 통해 충족되지 않는 분석과 범위를 최적화하고 조정할 수 있습니다. 이러한 유연성은 비즈니스 계획 및 의사 결정에 필요한 정확한 정보를 얻는 데 도움이 됩니다.
무역 금융 소프트웨어 시장:
CAGR(2023~2031)10.8%- 2023년 시장 규모
21억 4천만 달러 - 2031년 시장 규모
48억 7천만 달러
시장 역학
- 무역금융의 디지털화
- 위험 관리 및 규정 준수의 필요성
- 무역 금융 소프트웨어와 첨단 기술의 통합
주요 선수
- CGI 주식회사
- 코마크 SA
- 아이비에스핀텍
- ICS 금융 시스템 LTD
- MITech - 직관적인 기술 SA 만들기
- 뉴젠 소프트웨어 테크놀로지스(주)
- 피나스트라
- 영구 시스템 회사
- Surecomp
- BT 시스템즈, LLC.
지역 개요
- 북아메리카
- 유럽
- 아시아 태평양
- 남미 및 중미
- 중동 및 아프리카
시장 세분화
- 솔루션 및 서비스
- 클라우드 및 온프레미스
- 대기업 및 중소기업
- 은행
- 상인
- 기타
- 샘플 PDF는 정성적, 정량적 분석을 통해 콘텐츠 구조와 정보의 성격을 보여줍니다.
Trade Finance Software Market Drivers and Opportunities
Digitalization of trade finance to Favor Market
As companies from a variety of industries realize they need cutting-edge solutions to expedite and improve their international trade operations, the market is expanding significantly. This market includes software programs made to improve and automate trade finance procedures, such as supply chain financing, compliance management, invoice factoring, and credit management. Organizations have turned to trade finance software to reduce manual and time-consuming tasks, improve accuracy, and minimize risks associated with international trade as a result of the growing complexity and volume of trade transactions, which further leads to trade finance software adoption by market players. For example, in November 2023, Finastra, a global provider of financial software applications and marketplaces, announced that CQUR Bank, an international corporate bank, had partnered with Finastra to deliver on its technology strategy. With the implementation of Finastra’s market-leading solutions, Trade Innovation and Corporate Channels, CQUR Bank offers its corporate clients a new online banking portal for a seamless user experience, introduced new digital workflows, and provides host-to-host integration solutions.
Need for risk management and compliance
The growing need for improved risk management and compliance is another factor propelling the growth of the trade finance software market. Trade finance software offers sophisticated tools, such as fraud detection, anti-money laundering (AML) checks, and compliance with trade laws and sanctions, for tracking and reducing risks related to international trade. The need for these software solutions keeps growing as companies and financial institutions try to manage the challenges of international trade while maintaining legal and regulatory compliance.
Trade Finance Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the trade finance software market analysis are component, deployment, enterprise size, and end-use.
- Based on the component, the market is segmented into solution and services. The solution segment held a larger market share in 2023.
- By deployment, the market is segmented into cloud and on-premise. The cloud segment held a larger market share in 2023.
- By enterprise size, the market is segmented into large enterprises and SMEs. The SMEs segment is expected to grow with the highest CAGR.
- By end-use, the market is segmented into banks, traders, and others. The banks segment held a larger market share in 2023.
Trade Finance Software Market Share Analysis by Geography
The geographic scope of the trade finance software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest trade finance software market share in 2023. North America is an early adopter of technological solutions which leads to its soaring market share. The adoption of cloud-based technologies by SMEs leads to market growth. Soaring digitalization in the banks further demands trade finance software, which drives North America trade finance market share.
Trade Finance Software Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 2.14 Billion |
Market Size by 2031 | US$ 4.87 Billion |
Global CAGR (2023 - 2031) | 10.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered | By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Trade Finance Software Market News and Recent Developments
The Trade Finance Software Marketis evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In September 2022, Newgen Software, a leading global provider of digital transformation products, launched the world’s first low-code Trade Finance platform at the customer meet in Mumbai. Trade finance is a complex process as it involves a lot of paperwork, multiple stakeholders, and compliance requirements. Newgen’s comprehensive, configurable, and future-ready trade finance platform helps banks go paperless and streamline their end-to-end trade processes while ensuring compliance with domestic and international regulations. (Source: CXOtoday, Press Release, 2022)
- 2024년 2월, 금융 소프트웨어 애플리케이션 및 마켓플레이스의 글로벌 제공업체인 Finastra와 글로벌 디지털 혁신 컨설팅 및 통합업체인 Tesselate는 더 빠르고 쉬운 무역 금융 디지털화를 위한 엔드투엔드 사전 패키지 서비스 출시를 발표했습니다. Finastra Trade Innovation 및 기업 채널을 기반으로 하는 Tegula Trade Finance as a Service를 통해 미국 은행은 수동 프로세스를 자동화하고 시장 출시 시간과 가치를 더욱 빠르게 하여 새로운 수요에 적응할 수 있습니다. Finastra의 FusionFabric.cloud를 통해 은행은 인공 지능, 블록체인, 자동화 도구 등 최신 기술을 사용하는 핀테크 애플리케이션을 원활하게 통합할 수도 있습니다. (출처: Finastra, 보도 자료, 2024)
무역 금융 소프트웨어 시장 보고서 범위 및 결과물
“무역 금융 소프트웨어 시장 규모 및 예측(2021~2031)” 보고서는 아래 영역을 다루는 시장에 대한 자세한 분석을 제공합니다.
- 범위에 포함되는 모든 주요 시장 부문에 대한 글로벌, 지역 및 국가 수준의 시장 규모 및 예측
- 동인, 제한 사항 및 주요 기회와 같은 시장 역학
- 주요 미래 동향
- 상세한 PEST/Porter의 5가지 힘 및 SWOT 분석
- 주요 시장 동향, 주요 업체, 규정 및 최근 시장 개발을 다루는 글로벌 및 지역 시장 분석
- 시장 집중도, 히트맵 분석, 주요 플레이어 및 최근 개발을 다루는 산업 환경 및 경쟁 분석
- 자세한 회사 프로필
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global trade finance software market was estimated to be US$ 2.14 billion in 2023 and is expected to grow at a CAGR of 10.8% during the forecast period 2023 - 2031.
Rising digitalization and adoption of cloud-based technologies are the major factors that propel the global trade finance software market.
Integration of advanced technologies with trade finance software is anticipated to play a significant role in the global trade finance software market in the coming years.
The key players holding majority shares in the global trade finance software market are CGI Inc, Comarch SA, IBSFINtech, ICS FINANCIAL SYSTEMS LTD, and Finastra.
The global trade finance software market is expected to reach US$ 4.87 billion by 2031.
The incremental growth expected to be recorded for the global trade finance software market during the forecast period is US$ 2.73 billion.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published and advised several client across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organization are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.