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Invoice Factoring Market By Type, By Enterprise Size, By Provider, By Application, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 342 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725470
Invoice factoring is a process of funding cash flow by selling their invoices to a third party such as factor or factoring company at a discount. Invoice factoring can be provided by independent finance providers or by banks. A factor is a middleman that provides cash or financing to businesses by purchasing their receivables.

Factoring allows companies to finance its operations using its receivables. In addition, it helps average collection time to be reduced, as well as commercial payables, resulting in a stronger financial structure for a company. Moreover, increase in awareness and understanding of supply chain financing benefits is major growth factor for the market. However, foreign currency restrictions and high stamp duties hamper growth of the market. On the contrary, technological advancements such as automated invoices with a unique id, smart contract facilities, transactional security management, and fast funding are expected to drive the market growth.

The invoice factoring market is segmented on the basis of type, enterprise size, provider, and industry vertical. By type, it is segmented into recourse factoring and non-recourse factoring. By enterprise size, it is bifurcated into large enterprises and small & medium-sized enterprises (SMEs). By provider, it is segregated into banks and NBFCs. On the basis of application, it is segmented into domestic and international. Based on industry vertical, the invoice factoring market is bifurcated into construction, manufacturing, healthcare, transportation & logistics, energy & utilities, IT & telecom, staffing and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the invoice factoring market such as Adobe, American Express Company, Barclays Bank UK PLC, ICBC, Intuit Inc., Lloyds Bank, Porter Capital, Sonovate, Waddle, and Velotrade. These players have adopted various strategies to increase their market penetration and strengthen their position in the invoice factoring market.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the invoice factoring market analysis from 2021 to 2031 to identify the prevailing invoice factoring market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the invoice factoring market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global invoice factoring market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Recourse Factoring
  • Non-recourse Factoring

By Application

  • Domestic
  • International

By Enterprise Size

  • Large Enterprises
  • Small and Medium-sized Enterprises

By Provider

  • Banks
  • NBFCs

By Industry Vertical

  • Construction
  • Manufacturing
  • Healthcare
  • Transportation and Logistics
  • Energy and Utilities
  • IT and Telecom
  • Staffing
  • Others

By Region

  • North America
  • U. S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Adobe
  • American Express Company
  • Barclays Bank UK PLC
  • ICBC
  • Intuit Inc.
  • Lloyds Bank
  • Porter Capital
  • Sonovate
  • Waddle
  • Velotrade

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: INVOICE FACTORING MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Recourse Factoring
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Non-recourse Factoring
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: INVOICE FACTORING MARKET, BY ENTERPRISE SIZE
5.1 Overview
5.1.1 Market size and forecast
5.2 Large Enterprises
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Small and Medium-sized Enterprises
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: INVOICE FACTORING MARKET, BY PROVIDER
6.1 Overview
6.1.1 Market size and forecast
6.2 Banks
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 NBFCs
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country

CHAPTER 7: INVOICE FACTORING MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2 Domestic
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 International
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country

CHAPTER 8: INVOICE FACTORING MARKET, BY INDUSTRY VERTICAL
8.1 Overview
8.1.1 Market size and forecast
8.2 Construction
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Manufacturing
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Healthcare
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
8.5 Transportation and Logistics
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market analysis by country
8.6 Energy and Utilities
8.6.1 Key market trends, growth factors and opportunities
8.6.2 Market size and forecast, by region
8.6.3 Market analysis by country
8.7 IT and Telecom
8.7.1 Key market trends, growth factors and opportunities
8.7.2 Market size and forecast, by region
8.7.3 Market analysis by country
8.8 Staffing
8.8.1 Key market trends, growth factors and opportunities
8.8.2 Market size and forecast, by region
8.8.3 Market analysis by country
8.9 Others
8.9.1 Key market trends, growth factors and opportunities
8.9.2 Market size and forecast, by region
8.9.3 Market analysis by country

CHAPTER 9: INVOICE FACTORING MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Type
9.2.3 North America Market size and forecast, by Enterprise Size
9.2.4 North America Market size and forecast, by Provider
9.2.5 North America Market size and forecast, by Application
9.2.6 North America Market size and forecast, by Industry Vertical
9.2.7 North America Market size and forecast, by country
9.2.7.1 U. S.
9.2.7.1.1 Market size and forecast, by Type
9.2.7.1.2 Market size and forecast, by Enterprise Size
9.2.7.1.3 Market size and forecast, by Provider
9.2.7.1.4 Market size and forecast, by Application
9.2.7.1.5 Market size and forecast, by Industry Vertical
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Type
9.2.7.2.2 Market size and forecast, by Enterprise Size
9.2.7.2.3 Market size and forecast, by Provider
9.2.7.2.4 Market size and forecast, by Application
9.2.7.2.5 Market size and forecast, by Industry Vertical
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Type
9.3.3 Europe Market size and forecast, by Enterprise Size
9.3.4 Europe Market size and forecast, by Provider
9.3.5 Europe Market size and forecast, by Application
9.3.6 Europe Market size and forecast, by Industry Vertical
9.3.7 Europe Market size and forecast, by country
9.3.7.1 UK
9.3.7.1.1 Market size and forecast, by Type
9.3.7.1.2 Market size and forecast, by Enterprise Size
9.3.7.1.3 Market size and forecast, by Provider
9.3.7.1.4 Market size and forecast, by Application
9.3.7.1.5 Market size and forecast, by Industry Vertical
9.3.7.2 Germany
9.3.7.2.1 Market size and forecast, by Type
9.3.7.2.2 Market size and forecast, by Enterprise Size
9.3.7.2.3 Market size and forecast, by Provider
9.3.7.2.4 Market size and forecast, by Application
9.3.7.2.5 Market size and forecast, by Industry Vertical
9.3.7.3 France
9.3.7.3.1 Market size and forecast, by Type
9.3.7.3.2 Market size and forecast, by Enterprise Size
9.3.7.3.3 Market size and forecast, by Provider
9.3.7.3.4 Market size and forecast, by Application
9.3.7.3.5 Market size and forecast, by Industry Vertical
9.3.7.4 Italy
9.3.7.4.1 Market size and forecast, by Type
9.3.7.4.2 Market size and forecast, by Enterprise Size
9.3.7.4.3 Market size and forecast, by Provider
9.3.7.4.4 Market size and forecast, by Application
9.3.7.4.5 Market size and forecast, by Industry Vertical
9.3.7.5 Spain
9.3.7.5.1 Market size and forecast, by Type
9.3.7.5.2 Market size and forecast, by Enterprise Size
9.3.7.5.3 Market size and forecast, by Provider
9.3.7.5.4 Market size and forecast, by Application
9.3.7.5.5 Market size and forecast, by Industry Vertical
9.3.7.6 Rest of Europe
9.3.7.6.1 Market size and forecast, by Type
9.3.7.6.2 Market size and forecast, by Enterprise Size
9.3.7.6.3 Market size and forecast, by Provider
9.3.7.6.4 Market size and forecast, by Application
9.3.7.6.5 Market size and forecast, by Industry Vertical
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Type
9.4.3 Asia-Pacific Market size and forecast, by Enterprise Size
9.4.4 Asia-Pacific Market size and forecast, by Provider
9.4.5 Asia-Pacific Market size and forecast, by Application
9.4.6 Asia-Pacific Market size and forecast, by Industry Vertical
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Type
9.4.7.1.2 Market size and forecast, by Enterprise Size
9.4.7.1.3 Market size and forecast, by Provider
9.4.7.1.4 Market size and forecast, by Application
9.4.7.1.5 Market size and forecast, by Industry Vertical
9.4.7.2 Japan
9.4.7.2.1 Market size and forecast, by Type
9.4.7.2.2 Market size and forecast, by Enterprise Size
9.4.7.2.3 Market size and forecast, by Provider
9.4.7.2.4 Market size and forecast, by Application
9.4.7.2.5 Market size and forecast, by Industry Vertical
9.4.7.3 India
9.4.7.3.1 Market size and forecast, by Type
9.4.7.3.2 Market size and forecast, by Enterprise Size
9.4.7.3.3 Market size and forecast, by Provider
9.4.7.3.4 Market size and forecast, by Application
9.4.7.3.5 Market size and forecast, by Industry Vertical
9.4.7.4 Australia
9.4.7.4.1 Market size and forecast, by Type
9.4.7.4.2 Market size and forecast, by Enterprise Size
9.4.7.4.3 Market size and forecast, by Provider
9.4.7.4.4 Market size and forecast, by Application
9.4.7.4.5 Market size and forecast, by Industry Vertical
9.4.7.5 South Korea
9.4.7.5.1 Market size and forecast, by Type
9.4.7.5.2 Market size and forecast, by Enterprise Size
9.4.7.5.3 Market size and forecast, by Provider
9.4.7.5.4 Market size and forecast, by Application
9.4.7.5.5 Market size and forecast, by Industry Vertical
9.4.7.6 Rest of Asia-Pacific
9.4.7.6.1 Market size and forecast, by Type
9.4.7.6.2 Market size and forecast, by Enterprise Size
9.4.7.6.3 Market size and forecast, by Provider
9.4.7.6.4 Market size and forecast, by Application
9.4.7.6.5 Market size and forecast, by Industry Vertical
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Type
9.5.3 LAMEA Market size and forecast, by Enterprise Size
9.5.4 LAMEA Market size and forecast, by Provider
9.5.5 LAMEA Market size and forecast, by Application
9.5.6 LAMEA Market size and forecast, by Industry Vertical
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Market size and forecast, by Type
9.5.7.1.2 Market size and forecast, by Enterprise Size
9.5.7.1.3 Market size and forecast, by Provider
9.5.7.1.4 Market size and forecast, by Application
9.5.7.1.5 Market size and forecast, by Industry Vertical
9.5.7.2 Middle East
9.5.7.2.1 Market size and forecast, by Type
9.5.7.2.2 Market size and forecast, by Enterprise Size
9.5.7.2.3 Market size and forecast, by Provider
9.5.7.2.4 Market size and forecast, by Application
9.5.7.2.5 Market size and forecast, by Industry Vertical
9.5.7.3 Africa
9.5.7.3.1 Market size and forecast, by Type
9.5.7.3.2 Market size and forecast, by Enterprise Size
9.5.7.3.3 Market size and forecast, by Provider
9.5.7.3.4 Market size and forecast, by Application
9.5.7.3.5 Market size and forecast, by Industry Vertical

CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments

CHAPTER 11: COMPANY PROFILES
11.1 Adobe
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 American Express Company
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 Barclays Bank UK PLC
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 ICBC
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 Intuit Inc.
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 Lloyds Bank
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 Porter Capital
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 Sonovate
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Waddle
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 Velotrade
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Invoice Factoring Market,' the invoice factoring market was valued at $1946.51 billion in 2021, and is estimated to reach $4618.9 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031.

Invoice factoring can assist business owners in overcoming the time between the creation of an invoice and the actual payment by the client. Moreover, invoice factoring is an alternative form of financing that is available to businesses that may not have an established banking record with a major lender.

Furthermore, major market players are undertaking various strategies to increase the competition and offer enhance services to their customers. For instance, in July 2020, American Express and SAP Concur recently announced two digital integrations to help businesses streamline and automate invoicing and expenses. This first offering is an integration that allows American Express Business and Corporate Card customers to integrate with Concur Invoice. This tool uses machine learning to capture both digital and paper invoices. And then it integrates them into a single system.

On the basis of provider, the banks segment is the highest growing segment. This is attributed to growth in focus on digitalization of financial processes has transformed traditional banking systems, owing to which various banks are providing invoice factoring to significantly support rise in business needs. In addition, growth in digitization across the banking sector has filled existing gaps in financial services and increased efficiency among the banking sector to provide better customer experience, which drives the market growth.

Based on region, Europe attained the highest growth in 2021. This is attributed to significant growth of the invoice factoring market trends in these countries can be further explained from an historic perspective. Moreover, since many of these formerly socialist nations have quickly embraced capitalist practices over the past three decades, with a huge increase in entrepreneurial endeavors and SMEs, it stands to reason that such businesses, frequently with little to no financial history or assets, are frequently the best candidates for invoice factoring services.

COVID-19 had a positive impact on the invoice factoring industry since, more business were opting for factoring to fulfill short-term cash requirements. Moreover, increase in awareness and understanding of supply chain financing benefits contribute to market expansion, such as business invoice factoring. Furthermore, in the coming years, which is anticipated that this aspect will present the invoice factoring market growth with numerous, very lucrative prospects.

Key findings of the study

By type, the recourse factoring segment led the invoice factoring market size, in terms of revenue in 2021.

By enterprise size, the large enterprises segment accounted for the highest invoice factoring market share in 2021.

By application, the domestic segment accounted for the highest invoice factoring market share in 2021.

By industry vertical, the manufacturing segment accounted for the highest invoice factoring market share in 2021.

By region, Europe generated the highest revenue in 2021.

The report analyzes the profiles of key players operating in the invoice factoring market analysis such as Adobe, American Express Company, Barclays Bank UK PLC, ICBC, Intuit Inc., Lloyds Bank, Porter Capital, Sonovate, Waddle and Velotrade. These players have adopted various strategies to increase their market penetration and strengthen their position in the invoice factoring market.

Companies Mentioned

  • Adobe
  • American Express Company
  • Barclays Bank UK PLC
  • Icbc
  • Intuit Inc.
  • Lloyds Bank
  • Porter Capital
  • Sonovate
  • Waddle
  • Velotrade

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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