The global supply chain finance market is expected to grow from $5.65 billion in 2022 to $6.23 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. Major players in the supply chain finance market are HSBC Holdings Plc., Asian Development Bank, BNP Paribas, Bank of America Corporation, Citigroup Inc., Allianz Trade, JPMorgan Chase & Co., Mitsubishi UFJ Financial Group Inc., Royal Bank of Scotland Plc., Standard Chartered Plc., Alibaba, Oracle Corporation, SAP SE, PrimeRevenue, and Demica. The market value includes the value of related goods sold by the service provider or included within the service offering.
Opinion:
The supply chain finance market is certainly booming in 2023, with a 10.1% CAGR and a projected market value of $8.86 billion in 2027. However, there are some potential risks to consider. The Russia-Ukraine war has caused economic sanctions, a surge in commodity prices, and supply chain disruptions, which could have a negative effect on the market. Additionally, the market value includes the value of related goods sold by the service provider, which could be subject to fluctuations in the market. Overall, the supply chain finance market looks promising, but it is important to remain aware of potential risks.
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