Trade Finance Software Market Scope And Analysis

Report Code : TIPRE00011032
Category : Technology, Media and Telecommunications

No. of Pages : 150

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Trade Finance Software Market Scope and Analysis by 2031

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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 Solution and Services By Deployment Cloud and On-Premise By Enterprise Size Large Enterprises and SMEs By End-Use Banks Traders
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	CGI Inc Comarch SA IBSFINtech ICS FINANCIAL SYSTEMS LTD MITech Make Intuitive Tech SA Newgen Software Technologies Ltd Finastra Persistent Systems Ltd Surecomp BT Systems LLC

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)
In February 2024, Finastra, a global provider of financial software applications and marketplaces, and Tesselate, a global digital transformation consultancy and integrator, announced the launch of an end-to-end pre-packaged service for faster and easier trade finance digitalization. Tegula Trade Finance as a Service, powered by Finastra Trade Innovation and Corporate Channels, enables US banks to automate manual processes and adapt to new demands with a quicker time to market and value. Via Finastra’s FusionFabric.cloud, banks can also seamlessly integrate fintech applications that use the latest technologies such as artificial intelligence, blockchain, and automation tools. (Source: Finastra, Press Release, 2024)

Trade Finance Software Market Report Coverage and Deliverables

The “Trade Finance Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter’s Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles