What is the Market Demand for US Factoring Services?

The U.S. factoring services market is projected to grow significantly, reaching a valuation of $598.1 billion by 2031, up from $325.1 billion in 2024, reflecting a robust CAGR of 9.1% during the forecast period. This growth is driven by the increasing adoption of fintech solutions, particularly in machine learning, natural language processing, and artificial intelligence, which present lucrative opportunities for the market. Domestic factoring services are expected to dominate, capturing 68% of the market share in 2024. Additionally, small and medium-sized enterprises, which are anticipated to hold a 58% market share, are increasingly seeking flexible financing options, further propelling market expansion. The integration of blockchain technology also enhances revenue generation within the sector.