Market Overview:
The global business finance services market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for online and offline business finance services from large enterprises and SMEs across different regions. The North America region is expected to dominate the global market in terms of revenue, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
Business finance services are the various financial services and products that businesses can use to manage their finances. These services can include anything from loans and credit lines to accounting and investment advice. The importance of business finance services lies in the fact that they can help businesses secure the funding they need to grow, expand, and succeed. Additionally, by providing expert financial advice, these services can help businesses make sound financial decisions that will benefit their bottom line.
Online Service:
Online service is a business-to-consumer electronic transaction where the consumer orders products or performs a task via website and the product is delivered to them. It can be in the form of digital content such as music, ebooks, videos, etc., or it can be physical goods such as electronics & gadgets.
Offline Service:
Offline service is a method of payment where the customer makes a purchase without using any other medium of exchange. The product or the service is delivered and paid for in cash at the time of delivery. It has been used as a mode of payment since very ancient times, especially in emerging economies like India and China, which are still using it extensively.
The offline service market has been growing rapidly over recent years owing to its increasing use by consumers across all age groups globally.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to factors such as increasing demand for capital from growing companies, technological advancements that have facilitated easy access to financial resources and a supportive regulatory environment.
SMEs are projected to be the fastest-growing application over the forecast period owing to increasing penetration of technology-enabled services coupled with an increase in demand for loans from small businesses across all regions. Furthermore, favorable government initiatives aimed at promoting SMEs are also expected drive this segment further. For instance, according to a study by EY, nearly USD 2 trillion worth Small and Medium Enterprises (SMEs) assets were pledged through guarantee schemes during 2015-2016 crisis globally which was around 50% higher than before 2008 crisis.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to presence of a large number of corporate finance service providers, high level of awareness regarding online services and availability of advanced technology for on-boarding new customers.
Asia Pacific is projected to grow at a lucrative CAGR during the forecast period owing to increasing adoption of advanced technologies such as artificial intelligence (AI), machine learning, and robotics in countries such as China and India. In addition, rising number small & medium enterprises (SMEs) in these countries will drive regional growth during the forecast period. Furthermore, growing trend towards automation among SMEs will further boost demand for business financing solutions over next eight years (2030).
Europe also accounted for significant share in terms of revenue generation owing to presence major players operating across various sectors including automotive; consumer goods; pharmaceuticals; oil & gas etc.
Growth Factors:
- Increasing demand for business finance services from small and medium-sized businesses (SMBs) due to the growth of these businesses.
- The increasing trend of online banking and other technological advancements that are making it easier for customers to access their finances digitally, is benefiting the business finance services market.
- Rising awareness about the benefits of using business finance services, among both entrepreneurs and investors, is aiding market growth.
- Growing number of private equity firms and venture capitalists are investing in SMBs, which is also contributing to market growth as these firms often use business finance services to support their investments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Finance Services Market Research Report
By Type
Online Service, Offline Service
By Application
Large Enterprises, SMEs
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Business Finance Services Market Report Segments:
The global Business Finance Services market is segmented on the basis of:
Types
Online Service, Offline Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Business Finance Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online Service
- Offline Service
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Business Finance Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Business finance services are a type of financial service that provide advice and assistance to businesses in order to help them manage their finances. Services may include helping companies set up budgets, forecasting future expenses, and making loans or investing money.
Some of the key players operating in the business finance services market are 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.
The business finance services market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Finance Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Business Finance Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Finance Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Business Finance Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Business Finance Services Market Size & Forecast, 2018-2028
4.5.1 Business Finance Services Market Size and Y-o-Y Growth
4.5.2 Business Finance Services Market Absolute $ Opportunity
Chapter 5 Global Business Finance Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Business Finance Services Market Size Forecast by Type
5.2.1 Online Service
5.2.2 Offline Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Finance Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Business Finance Services Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Finance Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Business Finance Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Business Finance Services Analysis and Forecast
9.1 Introduction
9.2 North America Business Finance Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Business Finance Services Market Size Forecast by Type
9.6.1 Online Service
9.6.2 Offline Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Business Finance Services Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Business Finance Services Analysis and Forecast
10.1 Introduction
10.2 Europe Business Finance Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Business Finance Services Market Size Forecast by Type
10.6.1 Online Service
10.6.2 Offline Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Business Finance Services Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Business Finance Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Finance Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Business Finance Services Market Size Forecast by Type
11.6.1 Online Service
11.6.2 Offline Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Business Finance Services Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Business Finance Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Finance Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Business Finance Services Market Size Forecast by Type
12.6.1 Online Service
12.6.2 Offline Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Business Finance Services Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Business Finance Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Finance Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Business Finance Services Market Size Forecast by Type
13.6.1 Online Service
13.6.2 Offline Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Business Finance Services Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Business Finance Services Market: Competitive Dashboard
14.2 Global Business Finance Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pilot
14.3.2 Bench
14.3.3 Fiserv
14.3.4 KPMG International
14.3.5 Right Networks
14.3.6 PwC
14.3.7 Wolters Kluwer
14.3.8 AcuityCFO
14.3.9 Ernst & Young Global
14.3.10 Preferred Return
14.3.11 AcctTwo Shared Services
14.3.12 AlixPartners
14.3.13 Bookkeeper360
14.3.14 Deluxe Enterprise Operations
14.3.15 On Deck Capital
14.3.16 Qupital
14.3.17 Finance One
14.3.18 UBS
14.3.19 Velotrade Management
