U.S. Factoring Services Market Demand, Business Prospects, Leading Players Updates 2030
U.S. Factoring Services Industry Overview The U.S. factoring services market size was valued at USD 147.40 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2030. The current growth can be attributed to the increasing requirement for alternative sources of financing for Small and Medium Enterprises (SMEs) and the advent of blockchain technology and cryptocurrency in factoring services. The COVID-19 pandemic has emerged as a major challenge for the U.S. economy. According to Deloitte’s recent COVID-19 report, several companies across a multitude of sectors are finding suppliers, customers, and financiers to arrange short-term solutions to support their cash flows. Furthermore, travel restrictions and emergency declarations due to the COVID-19 in the country have affected several industries, which is expected to limit the growth of the factoring services market in the U.S. Gather more insights about the market drivers, restrain...