Trade Finance Market Size, Share, Statistics Trends - Forecast 2019 to 2023

Posted by sarahbennu on September 19th, 2019

Global trade finance market size is forecast to grow by USD 10.65 billion during 2019-2023 at a CAGR of 4% with traditional trade finance segment having the largest market share. Trade finance market analysis indicates growth will be driven by the emergence of clearing houses. Trade finance industry growth will also be impacted by the incorporation of technology with trade finance


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Increasing incorporation of technology with trade finance


Technology is increasingly being integrated in critical businesses across industries including banking, financial services, and insurance sector. Modern technical concepts including blockchain, artificial intelligence, machine learning, and IoT are often deployed to solve banking problems and find application in trade financing. AI and machine learning use predictive analytics to provide enterprises with opportunities and solutions for specific problems in the trade financing market. Moreover, the deployment of blockchain technology with trade finance enables enterprises to increase efficiency and reduce the complexity of end-to-end invoice finance transactions. Thus, with the rising deployment of innovative technologies, conventional trade finance solutions are set to improve significantly in terms of efficiency. Therefore, the global trade finance market is anticipated to witness a surge in growth over the next few years.


Traditional trade finance segment garnered the highest share in 2018


Traditional trade finance provides a spectrum of risk management tools and trade payment through products, including commercial letters of credit, documentary collections, open account processing, document preparation, and purchase order management. Vendors are offering traditional trade finance solutions through web-based trade transaction management platforms to help the clients manage their trade activities right from purchase order to payments. In addition, these solutions connect the sellers and buyers with the vendor network to offer access and create visibility. Therefore, the traditional trade finance solution not only accelerates the payment cycle, but also reduces costs while streamlining the overall process.


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Trade finance market to witness fastest adoption in the APAC region


With the growing number of enterprises shifting their focus toward the emerging economies including India and China, the demand for trade finance market will witness considerable growth in the APAC region over the next few years. Growing support from governments towards strengthening trade finance to facilitate exports will contribute to the market growth in this region. Furthermore, growing digitization and rapidly evolving technology is encouraging vendors to incorporate blockchain technology to offer highly efficient invoice finance transactions.


Some of the key topics covered in the global trade finance market analysis include:


Market Landscape


  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis 

Market Sizing 

  • Market definition
  • Market size and forecast 

Five Forces Analysis 

Market Segmentation 

Geographical Segmentation 

  • Regional comparison
  • Key leading countries 

Market Drivers 

Market Challenges 

Market Trends 

Vendor Landscape 

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario


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Joined: July 1st, 2019
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