London, 13 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global trade finance market 2015-2019, which is expected to witness steady growth during the forecast period of 2014-2019, posting a CAGR of 3.29%.
“The trade finance marketplace is undergoing a dynamic shift in transaction formats from both ends of the supply chain, which is affecting importers and vendors in the trade finance market,” says Faisal Ghaus, Vice President of Technavio.
“Intense competition among banks is leading the banks to work on ways to improve their efficiency and reduce operational costs.”
Key Market Drivers
- Strengthening of Global Trade
- Increase in FTAs among Emerging Nations
- Demand for Factoring
Key Market Trends
- Shift from Traditional Trade Finance Products to Open Accounts
- Trade Finance Securitization
- Rise of Renminbi-backed Transactions
- Changing Demographics
- Increase in Technological Innovations
Key Market Vendors
- BNP Paribas SA
- Citigroup Inc.
- HSBC Holdings plc
- JPMorgan Chase & Co.
- Mitsubishi UFJ Financial Group Inc
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
