Supply Chain Financing Market Analysis, Scope, and Growth by 2031
Supply Chain Financing Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 6.5 Billion |
| Market Size by 2031 | US$ 12.5 Billion |
| Global CAGR (2023 - 2031) | 8.5% |
| Historical Data | 2021-2023 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The "Supply Chain Financing Market Analysis" was carried out based on offering, provider, application, and geography. In terms of offering, the market is segmented into export and import bills, letters of credit, performance bonds, shipping guarantees, and others. Based on provider, the market is segmented into banks, trading finance house and others. By application, the market is segmented into domestic and international. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Supply Chain Financing Market News and Recent Developments
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the supply chain financing market. A few recent key market developments are listed below:
- In August 2023, HSBC made a strategic investment of US$ 35 million in Tradeshift, a supply chain finance outfit, as part of their plans to establish a new joint venture company. The joint venture will focus on the development of embedded financial services. This investment is part of a larger funding round that is expected to raise a minimum of $70 million from HSBC and other investors. The collaboration between HSBC and Tradeshift aims to create a range of digital solutions that will be integrated into Tradeshift's platform and other platforms. These solutions will include payment and fintech services embedded into trade, e-commerce, and marketplace experiences. The joint venture will enable Tradeshift to scale its business commerce proposition globally while also allowing HSBC to deploy innovative financial services across various platforms.
(Source: HSBC, Company Website)
- In September 2023, HSBC formed a partnership with Cainiao Network Technology, a logistics unit of Alibaba Group, to introduce an innovative digital trade finance solution for online merchants. This collaboration aims to provide a streamlined and accessible trade finance process for Hong Kong merchants selling on the TMall Global e-marketplace, which Alibaba owns. The new scheme leverages real-time logistics information for credit assessment, enabling faster and more efficient loan approvals. Unlike traditional trade finance processes that require collateral or extensive financial documentation, this solution utilizes comprehensive information provided by Cainiao, including customer background, real-time inventory, and operation status, to assess creditworthiness. This marks the first time HSBC will utilize third-party data for trade finance loan approvals.
(Source: HSBC, Company Website)
Supply Chain Financing Market Report Coverage & Deliverables
The market report "Supply Chain Financing Market Size and Forecast (2021–2031)", provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country- level for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
- Detailed company profiles.
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