Global Remittance Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 238
- CATEGORY
- Retails & Consumer
The Remittance market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Remittance market. On the basis of historic growth analysis and current scenario of Remittance market place, the report intends to offer actionable insights and outlook on global / regional market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tool that facilitate deeper understanding of multiple aspects of global Remittance market. These further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Remittance market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Remittance market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Remittance Market: Major Players
ICICI Money2India
bridge21
Remitly
Vianext Fast Remit
RemitMoney
Western Union
OrbitRemit Money Transfer
MoneyGram
Venstar Exchange
Xoom
Remit2India
RIA Money Transfer
InstaReM PTE Limited
Global Remittance Market: By Types
P2P (person to person)
P2B (Person to business)
B2B (business to business)
Global Remittance Market: By Applications
Family Remittances
Community Remittances
Migrant worker Remittances
Social Remittances
Global Remittance Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Remittance market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Remittance Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023This report examines all the key factors influencing growth of global Remittance market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Remittance market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Global Remittance Market: Major Players
ICICI Money2India
bridge21
Remitly
Vianext Fast Remit
RemitMoney
Western Union
OrbitRemit Money Transfer
MoneyGram
Venstar Exchange
Xoom
Remit2India
RIA Money Transfer
InstaReM PTE Limited
Global Remittance Market: By Types
P2P (person to person)
P2B (Person to business)
B2B (business to business)
Global Remittance Market: By Applications
Family Remittances
Community Remittances
Migrant worker Remittances
Social Remittances
Global Remittance Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Remittance market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Remittance Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Remittance Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Remittance
1.3 Remittance Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Remittance Revenue and Growth Rate from 2016-2030
1.4 Market Segmentation
1.4.1 Types of Remittance
1.4.2 Applications of Remittance
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Remittance Industry Trends
1.5.2 Remittance Drivers
1.5.3 Remittance Market Challenges
1.5.4 Remittance Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Remittance Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Remittance Industry Development
2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Remittance Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Remittance
2.2.1 Major Players Manufacturing Base of Remittance in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Remittance Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Remittance
2.3.3 Labor Cost of Remittance
2.4 Market Channel Analysis of Remittance
2.5 Major Down Stream Customers by Application
3 Global Remittance Market, by Type
3.1 Global Remittance Revenue and Market Share by Type (2016-2021)
3.2 Global Remittance Production and Market Share by Type (2016-2021)
3.3 Global Remittance Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Remittance Revenue and Growth Rate of P2P (person to person)
3.3.2 Global Remittance Revenue and Growth Rate of P2B (Person to business)
3.3.3 Global Remittance Revenue and Growth Rate of B2B (business to business)
3.4 Global Remittance Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends
4 Remittance Market, by Application
4.1 Downstream Market Overview
4.2 Global Remittance Consumption and Market Share by Application (2016-2021)
4.3 Global Remittance Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Remittance Consumption and Growth Rate of Family Remittances (2016-2021)
4.3.2 Global Remittance Consumption and Growth Rate of Community Remittances (2016-2021)
4.3.3 Global Remittance Consumption and Growth Rate of Migrant worker Remittances (2016-2021)
4.3.4 Global Remittance Consumption and Growth Rate of Social Remittances (2016-2021)
5 Global Remittance Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Remittance Revenue and Market Share by Region (2016-2021)
5.2 Global Remittance Consumption and Market Share by Region (2016-2021)
5.3 Global Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Remittance Market Under COVID-19
5.4.2 North America Remittance SWOT Analysis
5.5 Europe Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Remittance Market Under COVID-19
5.5.2 Europe Remittance SWOT Analysis
5.6 China Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Remittance Market Under COVID-19
5.6.2 China Remittance SWOT Analysis
5.7 Japan Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Remittance Market Under COVID-19
5.7.2 Japan Remittance SWOT Analysis
5.8 Middle East and Africa Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Remittance Market Under COVID-19
5.8.2 Middle East and Africa Remittance SWOT Analysis
5.9 India Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Remittance Market Under COVID-19
5.9.2 India Remittance SWOT Analysis
5.10 South America Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Remittance Market Under COVID-19
5.10.2 South America Remittance SWOT Analysis
5.11 South Korea Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Remittance Market Under COVID-19
5.11.2 South Korea Remittance SWOT Analysis
5.12 Southeast Asia Remittance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Remittance Market Under COVID-19
5.12.2 Southeast Asia Remittance SWOT Analysis
6 Global Remittance Production by Top Regions (2016-2021)
6.1 Global Remittance Production by Top Regions (2016-2021)
6.2 North America Remittance Production and Growth Rate
6.3 Europe Remittance Production and Growth Rate
6.4 China Remittance Production and Growth Rate
6.5 Japan Remittance Production and Growth Rate
6.6 India Remittance Production and Growth Rate
7 Global Remittance Consumption by Regions (2016-2021)
7.1 Global Remittance Consumption by Regions (2016-2021)
7.2 North America Remittance Consumption and Growth Rate
7.3 Europe Remittance Consumption and Growth Rate
7.4 China Remittance Consumption and Growth Rate
7.5 Japan Remittance Consumption and Growth Rate
7.6 Middle East & Africa Remittance Consumption and Growth Rate
7.7 India Remittance Consumption and Growth Rate
7.8 South America Remittance Consumption and Growth Rate
7.9 South Korea Remittance Consumption and Growth Rate
7.10 Southeast Asia Remittance Consumption and Growth Rate
8 Competitive Landscape
8.1 Competitive Profile
8.2 ICICI Money2India Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Remittance Product Profiles, Application and Specification
8.2.3 ICICI Money2India Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 bridge21 Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Remittance Product Profiles, Application and Specification
8.3.3 bridge21 Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 Remitly Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Remittance Product Profiles, Application and Specification
8.4.3 Remitly Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Vianext Fast Remit Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Remittance Product Profiles, Application and Specification
8.5.3 Vianext Fast Remit Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 RemitMoney Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Remittance Product Profiles, Application and Specification
8.6.3 RemitMoney Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Western Union Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Remittance Product Profiles, Application and Specification
8.7.3 Western Union Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 OrbitRemit Money Transfer Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Remittance Product Profiles, Application and Specification
8.8.3 OrbitRemit Money Transfer Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 MoneyGram Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Remittance Product Profiles, Application and Specification
8.9.3 MoneyGram Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 Venstar Exchange Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Remittance Product Profiles, Application and Specification
8.10.3 Venstar Exchange Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Xoom Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Remittance Product Profiles, Application and Specification
8.11.3 Xoom Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19
8.12 Remit2India Market Performance Analysis
8.12.1 Company Profiles
8.12.2 Remittance Product Profiles, Application and Specification
8.12.3 Remit2India Sales, Revenue, Price, Gross Margin 2016-2021
8.12.4 Company Recent Development
8.12.5 Strategies for Company to Deal with the Impact of COVID-19
8.13 RIA Money Transfer Market Performance Analysis
8.13.1 Company Profiles
8.13.2 Remittance Product Profiles, Application and Specification
8.13.3 RIA Money Transfer Sales, Revenue, Price, Gross Margin 2016-2021
8.13.4 Company Recent Development
8.13.5 Strategies for Company to Deal with the Impact of COVID-19
8.14 InstaReM PTE Limited Market Performance Analysis
8.14.1 Company Profiles
8.14.2 Remittance Product Profiles, Application and Specification
8.14.3 InstaReM PTE Limited Sales, Revenue, Price, Gross Margin 2016-2021
8.14.4 Company Recent Development
8.14.5 Strategies for Company to Deal with the Impact of COVID-19
9 Global Remittance Market Analysis and Forecast by Type and Application
9.1 Global Remittance Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 P2P (person to person) Market Revenue and Volume Forecast (2021-2026)
9.1.2 P2B (Person to business) Market Revenue and Volume Forecast (2021-2026)
9.1.3 B2B (business to business) Market Revenue and Volume Forecast (2021-2026)
9.2 Global Remittance Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Family Remittances Market Revenue and Volume Forecast (2021-2026)
9.2.2 Community Remittances Market Revenue and Volume Forecast (2021-2026)
9.2.3 Migrant worker Remittances Market Revenue and Volume Forecast (2021-2026)
9.2.4 Social Remittances Market Revenue and Volume Forecast (2021-2026)
10 Remittance Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Remittance Market Trends Analysis
11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment
12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source
 
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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