The global demand for Remittance Market is presumed to reach the market size of nearly USD 131.5 MN by 2030 from USD 56.65 MN in 2022 with a CAGR of 11.1% under the study period 2023 - 2030.
Remittance is the act of foreign migrant-sending money across a border to another individual via electronic payments, draughts, and checks. There are multiple benefits of remittance like transferring money via digital channels, such as fast speed, 24 hour availability of digital channels, transparency, ease of use, high security. Furthermore, most remittance service providers focus on digital remittance to grow their business and give customers more convenient and faster transfer services.
The remittance market is growing because of increased mobile-based payment channels and cross-border transactions and a decrease in remittance transfer time and cost. Furthermore, the rise of the remittance business is fueled by an increase in the use of banking and financial sectors worldwide. Moreover, technical improvements in the digital remittance market are projected to give profitable growth prospects. The remittance market's growth is projected to be hampered by the rise in the number of financial crimes and a lack of understanding about digital remittance.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of remittance. The growth and trends of remittance industry provide a holistic approach to this study.
This section of the remittance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Mode Of Transfer
By Type
By Channel
By End-use
This section covers the regional outlook, which accentuates current and future demand for the Remittance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the remittance market include Bank of America Corporation, ZEPZ, Citigroup Inc., Ria Financial Services Inc., OFX, Wells Fargo, Western Union Holdings Inc., PayPal, MoneyGram International Inc., Wise US Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . REMITTANCE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Mode Of Transfer
3.7.2 Market Attractiveness Analysis By Type
3.7.3 Market Attractiveness Analysis By Channel
3.7.4 Market Attractiveness Analysis By End-use
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL REMITTANCE MARKET ANALYSIS BY MODE OF TRANSFER
5.1 Overview by Mode Of Transfer
5.2 Historical and Forecast Data
5.3 Analysis by Mode Of Transfer
5.4 Digital Historic and Forecast Sales by Regions
5.5 Traditional (Non-digital) Historic and Forecast Sales by Regions
6 . GLOBAL REMITTANCE MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Inward Remittance Historic and Forecast Sales by Regions
6.5 Outward Remittance Historic and Forecast Sales by Regions
7 . GLOBAL REMITTANCE MARKET ANALYSIS BY CHANNEL
7.1 Overview by Chann ...
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