Factoring Services Market Size, Latest Trend,
Scope, Category, Analysis & Top Companies 2027
Global Factoring Services Market
The Factoring is defined as a service of a financial nature involving the conversion of credit bills into
cash. Specifically, it means that the seller transfers the accounts receivable generated from the goods
sales contract with the buyer to the factoring company. Business services are a process by which a
company generates finance against its receivables. Factoring service is asset-based financing in which
the factor gives credit by looking at the creditworthiness of the borrower.
The growing open account trades as well as the accelerating expansion of businesses in various
regions are the major driving factors which expected to boost the global factoring services market
growth over the forecast period. Furthermore, the rise in cross border factoring and the rapid
development of factoring services will positively influence the market growth.
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In the report, Factoring Services Market has been analyzed through a segmental
perspective. The market segmentation allows a deeper understanding of the
Also, the rise in need of an alternative source of financing for small & medium enterprises expected to
drive the global factoring services market growth during this forecast period. Moreover, continuous
developments and implementation of Blockchain technology in the factoring services market. In
addition, the rise in demand for factoring services among small and medium size enterprises across
the world can be attributed to the shortage of working capital and cash flows will fuel the global
factoring services market growth.
Several factors are likely hampering the demand for factoring in emerging markets including COVID-
19 outbreak, affects on many aspects such as travel bans, and quarantines, flight cancellation, and