Global Supply Chain Finance Market to Grow at a CAGR of 8.7% During 2024-2032, Aided by Technological Advancements in the Fintech Sector and Increasing Number of Start-Ups

Supply chain finance has evolved into a technology-driven solution, where a third party facilitates secure business transactions through flexible payment options for buyers. Supply chain finance helps mitigate the risk by optimising the working capital of both suppliers and buyers. The digitisation of supply chain finance solutions is a significant technological development, enabling secure transactions, improving visibility, expediting transactions, and enhancing overall efficiency.

The increasing number of start-ups and small and medium-sized enterprises (SMEs) is a key  factors aiding the supply chain finance market. Supply chain finance helps small businesses and start-ups to manage their working capital. As of July 2023, there were 1,200 Unicorn startup companies globally. According to the International Labour Organization, SMEs represent 90% of global businesses.

Further, the integration of artificial intelligence in supply chain finance notably enhances the decision-making process. AI, particularly through machine learning algorithms, empowers the decision-making process by efficiently analysing vast amounts of data. This capability enables accurate and rapid assessments of potential risks, leading to faster and more informed financing decisions.

Furthermore, banks are increasingly investing towards upgrading their technological infrastructure to improve supply chain finance offerings, providing innovative solutions to support MSMEs. For instance, in January 2024, Yes Bank launched SmartFin, a supply chain finance platform, powered by a digital solutions provider Veefin Solutions, to drive operational and financial efficiencies and enhance its digital offerings in the space.

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Market Breakup by Provider, Offering, Application, End User, and Region:

• The market is segmented based on provider into banks, trade finance house, and others.

• Based on offering, the market is segmented into letter of credit, export and import bills, performance bonds, shipping guarantees, and others.

• Based on application, the market can be bifurcated into domestic and international.

• The market is segmented based on end-user into large enterprises and small and medium-sized enterprises.

• Region-wise, the global market for supply chain finance can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Growing start-up culture and the increasing number of small and medium-sized enterprises are supporting the global supply chain finance market. Supply chain financing or SCF as a model helps improve liquidity and reduce financing costs, mitigating the working capital risks.

• The market for supply chain finance is being supported by growing technological advancements and the development of the fintech sector.

• The increasing use of AI in supply chain financing models is opening new avenues of growth, predicting future risks and enabling users to make informed decisions.

• Fintech companies and financial institutions are increasingly investing in the development of user-friendly solutions to meet the requirements of diverse customer base.

Key Offerings of the Report:

• The EMR report gives an overview of the global supply chain finance market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) markets for the provider, offering, application, end user, and major regions of supply chain finance.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the supply chain finance market are Asian Development Bank, HSBC Group, Standard Chartered Holdings Limited, JPMorgan Chase & Co., Citigroup, Inc., DBS Bank Limited, Bank of America Corporation, Orbian, BNP Paribas, NatWest Group, and Mitsubishi UFJ Financial Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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