Pune, Maharastra -- (SBWIRE) -- 03/07/2016 -- The analysts forecast global factoring market to grow at a CAGR of 11.03% during the period 2016-2020. The factoring market has had a phenomenal growth and became a major source of financing especially for the short-term working capital required by MSMEs and large corporates. The demand for factoring business is increasing in the developing countries. Globalization of trade and import and export financing have created the need for additional factoring and asset-backed lending facilities worldwide. To compete with top vendors the regional players are participating in cross-border deals with strong local players, thus establishing strategic alliances to facilitate business.
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