Latin America Factoring Services Market Size & Outlook
Latin America factoring services market, 2018-2030 (US$M)
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Latin America factoring services market highlights
- The Latin America factoring services market generated a revenue of USD 276.3 million in 2023.
- The market is expected to grow at a CAGR of 11.6% from 2024 to 2030.
- In terms of segment, domestic was the largest revenue generating category in 2023.
- International is the most lucrative category segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 276.3 million |
| Market revenue in 2030 | USD 594.2 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Domestic |
| Fastest growing segment | International |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Domestic, International |
| Key market players worldwide | Barclays PLC, BNP Paribas Act. Cat.A, China Construction Bank Corp Class H, Deutsche Bank AG, Eurobank Ergasias Services And Holdings SA, Hitachi Ltd, HSBC Holdings PLC ADR, Industrial And Commercial Bank Of China Ltd Class H, Kuke Music Holding Ltd ADR, Mizuho Financial Group Inc, Societe Generale SA, Transcontinental Realty Investors Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.6% of the global factoring services market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,234.7 million by 2030.
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Factoring Services Market Scope
Factoring Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America factoring services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to factoring services market will help companies and investors design strategic landscapes.
Domestic was the largest segment with a revenue share of 78.36% in 2024. Horizon Databook has segmented the Latin America factoring services market based on domestic, international covering the revenue growth of each sub-segment from 2018 to 2030.
The rising support from regional governments for creating smooth working capital solutions is driving the growth of the reverse factoring market in Latin America. Governments of various countries in the region, including Paraguay, Chile, Mexico, and Argentina, are announcing supportive initiatives for the promotion and development of reverse factoring.
For instance, in 2018, the Government of Peru mandated e-invoice issuing for all companies from all end-use sectors. E-invoicing is assisting Perubased MSMEs in obtaining instant cash payments from buyers through reverse factoring.
Advancements in digital technologies such as big data analytics, AI, NLP, Machine Learning (ML), Blockchain, IoT, and cloud computing are creating opportunities for the Latin American reverse factoring market.
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Target buyers of Latin America factoring services market databook
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Our clientele includes a mix of factoring services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America factoring services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America factoring services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America factoring services market size, by country, 2018-2030 (US$M)
Latin America Factoring Services Market Outlook Share, 2024 & 2030 (US$M)
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