Reports and Data has recently published a research report on global Remittance Market to help user, investor understand about current market insights and make investment plans accordingly. The report offers accurate data about current market dynamics, market trends, market size, revenue growth, drivers, restraints, challenges and opportunities.  The report also offers detailed insights about market segmentation based on type, application, regional bifurcation along with top companies. The report is curated using extensive primary and secondary research and is evaluated by experts and professionals in the industry. The data in the report is well-presented using various pictorial presentations such as charts, diagrams, graphs and tables. The report also uses various advanced analysis tools such as SWOT analysis and Porter’s five force analysis.

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Market Overview:

The information and communication technology sector has rapidly evolved in the recent years and is expected to significantly expand in terms of revenue over the forecast period. Factors such as technological advancements in the ICT industry, growing adoption of advanced and latest devices, increasing number of consumers using these devices and high penetration of internet worldwide are expected to drive global market revenue growth over the forecast period. In addition, factors such as high risks of data leakage, increasing adoption of advanced technologies such as Artificial Intelligence (AI), IoT (Internet of Things) and cloud services for managing large data and increasing investments in research and development activities to develop advanced devices and solutions are expected to fuel global market growth going ahead. 

Some of the key companies operating in the global market are:

Western Union Holdings Inc., Bank of America, Citigroup Inc., Euronet Worldwide Inc., JPMorgan Chase & Co., MoneyGram International Inc., Societe Generale, RIA Financial Services Ltd., The Kroger Co., TransferWise Ltd., UAE Exchange, Wells Fargo, Scotiabank, ABSA, and XOOM are some major players operating in the global remittance market.  

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Remittance Market Segmentation:

Type Outlook (Revenue, USD Billion; 2018 – 2028)

• Inward Remittance
• Outward Remittance 

Channel Outlook (Revenue, USD Billion; 2018 – 2028)

• Bank
• Money Transfer Operators
• Others

Application Outlook (Revenue, USD Billion; 2018 – 2028)

• Consumption
• Savings
• Investments 
• Others 

End-Use Outlook (Revenue, USD Billion; 2018 – 2028)

• Business 
• Personal 

Region Outlook (Revenue, USD Billion; 2018 – 2028)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Benelux
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa

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