Summary
The global Business Finance Services Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Business finance refers to funds availed by businesses to meet their needs that may include obtaining funds to purchase capital assets for the business, obtaining top-up funds to finance business operations, commencing a business, or to deal with a sudden cash crunch faced by the business. Business finance services help businesses to meet their needs.
Market Drivers:
The emergence of COVID-19 across the globe is expected to boost the growth of the global business finance services market during the forecast period. For instance, in June 2021, Geojit Financial Services announced the launch of a Partner Portal to foster entrepreneurship and help investors weather the slow down due to COVID-19. Hence, such factors are expected to drive growth of the global business finance services market during the forecast period.
Moreover, increasing adoption of business finance services, increasing number of small and medium-sized enterprises (SMEs), and government initiatives are expected to propel the global business finance services market growth over the forecast period.
Market Restraints:
Lack of awareness among business owners about the benefits of business finance services is expected to hamper the growth of the global business finance services market.
Regional Insights:
Among regions, North America, Europe, and Asia Pacific are expected to witness substantial growth in the global business finance services market due to the increasing adoption of business finance services, the outbreak of COVID-19, government initiatives, and increasing number of SMEs in these regions. For instance, the Indian Government and Reserve Bank of India (RBI) have taken various measures to facilitate easy access to finance for Micro, Small and Medium Enterprises (MSMEs).
Competitive Section:
Major companies involved in the global business finance services market are Fiserv, Bench, Pilot, UBS, Finance One, Qupital, On Deck Capital, Bookkeeper360, AlixPartners, Preferred Return, AcuityCFO, PwC, Right Networks, Wolters Kluwer, Ernst & Young Global, KPMG International, AcctTwo Shared Services, Velotrade Management, and Deluxe Enterprise Operations, among others.
For instance, in October 2021, IIFL Finance announced the launch of instant business loan option on WhatsApp, whereby users of the latter will be able to avail loan up to US$ 1 million with minimum documentation and get approval in five minutes.
The Business Finance Services Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Business Finance Services Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Pilot
- Bench
- Fiserv
- KPMG International
- Right Networks
- PwC
- Wolters Kluwer
- AcuityCFO
- Ernst & Young Global
- Preferred Return
- AcctTwo Shared Services
- AlixPartners
- Bookkeeper360
- Deluxe Enterprise Operations
- On Deck Capital
- Qupital
- Finance One
- UBS
- Velotrade Management
By Product Type, the market is primarily segmented into:
- Online Service
- Offline Service
By Applications, the market is segmented into:
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Business Finance Services Market Report:
- To assess the size of the market by value and volume
- Analyze the Business Finance Services Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Business Finance Services Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Business Finance Services Market
The Business Finance Services Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Business Finance Services Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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