Global trade finance market anticipating strong momentum at a


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Dallas, May 26, 2021 (GLOBE NEWSWIRE) – Trade finance plays a crucial role in bridging gaps in trade cycle finance processes between importing and exporting parties to ensure risk management in business transactions. According to Orbis Research’s latest business intelligence report, the trade finance market is likely to start off at a gallop and maintain lasting momentum throughout the forecast period, 2021-2027.

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Market Analysis and Outlook: Global Trade Finance Market

The global trade finance market size is expected to reach US $ 10,987,510 million by 2026, from US $ 7,616,520 million in 2019, with a CAGR of 5.4% in 2021-2026.

As manual inspection of daily business data is a dangerous and error-prone outcome, digitization is becoming mainstream, as are associated technologies such as AI in trade finance.

As finances continue to suffer in various ways under the impact of the widespread pandemic, new technologies such as blockchain are underway to improve trade finance solutions. In line with the fundamental principle of transparent trade and the inclusion of third-party instruments in risk aversion, blockchain is now becoming an integral part of trade finance. To include safe and secure trade finance transactions, blockchain technology is gaining in importance due to its decentralization and tamper-resistant capabilities.

NLP and Robotic Automation Improve Business Risk Analysis Increase Trade Finance Market

To facilitate digital monitoring of global trade in the interest of an enhanced trade finance ecosystem, companies such as IBM are promoting blockchain-enabled trade finance platforms such as We. Trade to ensure safe and genuine transactions. We. Commerce is built on Hyperledger modeled on Ethereum, allowing businesses to accurately verify and share trade finance for a secure trading ecosystem.

Advances in AI, the Internet of Things and urbanization, along with the integration of NLP-powered chatbots, are ensuring rapid adoption of trade finance in the end-use sector. The major players in the trade finance market are investing heavily to include advanced analytics and robotic automation to improve risk management. Features like text analysis and NLP improve business risk analysis.

Regulatory compliance and new policies such as ASEAN countries’ implementation of the One Stop Shop to include secure digital transactions are helping to improve trade finance. It should also accelerate the culture of paperless work in financial institutions. To seek greater customer satisfaction and reduce risk, it is planned to improve income returns.

The analysts who authored the report took a unique and industry-leading research and analysis approach to in-depth study of the global trade finance market.

Trade finance breakdown data by type

Guarantees

Letter of credit

Documentary collection

Supply chain finance

Factoring

Trade finance breakdown data by industry

Machinery

Energy

Food and consumption

Transport

Chemical

Metals and non-metallic minerals

Other

Based on regional and country analysis, the trade finance market has been segmented as follows:

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Nordic

The rest of europe

Asia Pacific

China

Japan

South Korea

South East Asia

India

Australia

Rest of Asia-Pacific

Latin America

Mexico

Brazil

Middle East and Africa

turkey

Saudi Arabia

United Arab Emirates

Rest of the Middle East and Africa

In the Competitive Analysis section of the report, major players and major players in the Global Trade Finance Market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on the player’s revenue for the period 2016-2021. It also offers a detailed analysis supported by reliable statistics on prices and revenues (overall level) by actor for the period 2016-2021.

The following actors are covered in this report:

BNP Paribas

bank of china

Citigroup Inc

China Exim Bank

ICBC

JPMorgan Chase & Co

Mizuho Financial Group

Standard charter

MUFG

Sumitomo Mitsui Banking Corporation

Agricultural credit

Commerzbank

HSBC

Riyad Bank

British Saudi Bank

ANZ

EBRD

Japan Exim Bank

Bank Saudi Fransi

Afreximbank

AlAhli Bank

Export-Import Bank of India

Read the full report at @ https://www.orbisresearch.com/reports/index/global-trade-finance-market-size-status-and-forecast-2021-2027

Contents:

Chapter One: Report Presentation

1.1 Scope of the study

1.2 Market Analysis by Type

1.2.1 Global Trade Finance Market Size Growth Rate by Type: 2016 VS 202 Chapter One: VS 2027

1.2.2 Guarantees

1.2.3 Letters of credit

1.2.4 Documentary collection

1.2.5 Supply chain finance

1.2.6 Factoring

1.3 Market by Application

1.3.1 Global Trade Finance Market Share by Industry: 2016 VS 202 Chapter One: VS 2027

1.3.2 Machines

1.3.3 Energy

1.3.4 Power and consumption

1.3.5 Transport

1.3.6 Chemical

1.3.7 Metals and non-metallic minerals

1.3.8 Others

1.4 Study objectives

1.5 years considered

Chapter Two: Global Growth Trends

2.1 Global Trade Finance Market Outlook (2016-2027)

2.2 Trends in Trade Finance Growth by Region

2.2.1 Trade Finance Market Size by Region: 2016 VS 202 Chapter One: VS 2027

2.2.2 Historical Trade Finance Market Share by Regions (2016-2021)

2.2.3 Forecasted Market Size of Trade Finance by Regions (2022-2027)

2.3 Dynamics of the trade finance industry

2.3.1 Trade finance market trends

2.3.2 Market Drivers of Trade Finance

2.3.3 Challenges in the trade finance market

2.3.4 Trade finance market constraints

Chapter Three: Competition Landscape by Major Players

Chapter Four: Trade Finance Breakdown Data by Type

Chapter Five: Trade Finance Breakdown Data by Industry

Chapter Six: North America

Chapter Seven: Europe

Chapter Eight: Asia-Pacific

Chapter Nine: Latin America

Chapter Ten: Middle East and Africa

Chapter Eleven: Key Player Profiles

11.2 Bank of China

11.3 Citigroup Inc

11.4 China Exim Bank

11.5 ICBC

11.6 JPMorgan Chase & Co

11.7 Mizuho Financial Group

11.8 Standard Chartered

11.9 MUFG

11.11 Credit Agricole

11.12 Commerzbank

11.13 HSBC

11.14 Riyad Bank

11:15 British Saudi Bank

11.16 ANZ

11.17 EBRD

11.18 Bank Saudi Fransi

11:20 a.m. Afreximbank

11.21 AlAhli Bank

Chapter Twelve: Analyst’s Views / Conclusions

Chapter Thirteen: Annex

13.1 Research methodology

13.1.1 Research methodology / approach

13.1.2 Data source

13.2 Disclaimer

13.3 Author details

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About Emilie Brandow

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