Factoring services, a critical financial tool for businesses worldwide, are undergoing unprecedented growth. Recent findings by Allied Market Research project the global factoring services market to soar from $3.27 trillion in 2021 to a staggering $5.87 trillion by 2031, growing at a compound annual growth rate (CAGR) of 6.1%. This surge highlights the increasing reliance of businesses, especially small and medium enterprises (SMEs), on factoring to unlock liquidity and sustain growth in a competitive global economy.
