Singapore Factoring Services Market Size & Outlook
Singapore factoring services market, 2018-2030 (US$M)
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Singapore factoring services market highlights
- The Singapore factoring services market generated a revenue of USD 79.5 million in 2023 and is expected to reach USD 188.0 million by 2030.
- The Singapore market is expected to grow at a CAGR of 13.1% 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.
Factoring services market data book summary
| Market revenue in 2023 | USD 79.5 million |
| Market revenue in 2030 | USD 188.0 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Domestic |
| Fastest growing segment | International |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Singapore accounted for 1.9% of the global factoring services market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China factoring services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 115.2 million by 2030.
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Factoring Services Market Scope
Factoring Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore 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 67.04% in 2024. Horizon Databook has segmented the Singapore factoring services market based on domestic, international covering the revenue growth of each sub-segment from 2018 to 2030.
The factoring services market is gaining traction, driven by a growing emphasis on financial flexibility and efficient cash flow management among businesses. As companies face increasingly competitive environments and longer payment cycles, many are turning to factoring as a strategic solution to unlock working capital tied up in accounts receivable.
This trend is particularly prevalent among small and medium-sized enterprises (SMEs) that seek to enhance liquidity without incurring additional debt. The rise of fintech companies in Singapore has also transformed the landscape, offering innovative digital platforms that streamline the factoring process, making it faster and more accessible.
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Target buyers of Singapore 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Singapore factoring services market , including forecasts for subscribers. This country databook contains high-level insights into Singapore factoring services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore factoring services market size, by category, 2018-2030 (US$M)
Singapore Factoring Services Market Outlook Share, 2024 & 2030 (US$M)
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