Remittance Market 2020: Size, Share, Application, Regional Outlook, Competitive Strategies Analysis and Forecasts To 2025 - PowerPoint PPT Presentation

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Remittance Market 2020: Size, Share, Application, Regional Outlook, Competitive Strategies Analysis and Forecasts To 2025

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Title: Remittance Market 2020: Size, Share, Application, Regional Outlook, Competitive Strategies Analysis and Forecasts To 2025


1
Global Remittance Market
  • Drivers, Restraints, Potential Growth
    Opportunities, Vendor Competitive Landscape,
    Trends and Forecast 2018

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2
Global Remittance Market Size Share Analysis
(2018-2025)
  • Key trend expected to predominantly affect the
    global remittance market is the rising number of
    immigrants across the globe plus penetration of
    smartphones in emerging economies. Other trends
    contributing towards the market are increasing
    internationally migrating population, declining
    remittance costs, notable economic growth,
    increasing disposable incomes, rising refugee
    populace as well as intensifying urbanization.
    From the macroeconomic standpoint, remittances
    are capable of bolstering the demand for product
    thereby impelling the GDP as well as economic
    growth.
  • Additionally, more than 60 of the remittance
    software placements are on the cloud and are
    expected to sustain its position. Cloud platforms
    are the most reliable source of collection,
    management as well as sharing of the most
    critical sensitive data of the organization
    efficiently. Thus, cloud deployment model of
    remittance is another reason to boost up the
    digital remittance market.
  • Major destinations for remittance entries are the
    lower-middle regions. While, the Saudi Arabia and
    the United States are the biggest contributors to
    the global remittance industry with the support
    of better remittance outflows by migrant
    populations residing around. Moreover, online
    remittance dealers are categorized extensively as
    well as acquired by the players who are ready to
    add remittance as a feature to their larger
    platform of technology. Additionally, the market
    is vastly fragmented with the top 10 corporations
    accounting for around 20 of the global
    remittance market share in 2017. Besides, various
    small businesses have successfully managed to
    enter the market in past few years due to less
    access barriers. Some of the other remittance
    countries are the United States, Saudi Arabia,
    United Arab Emirates, United Kingdom, Canada,
    Germany, France, Russia, Spain and Italy.

3
Global Remittance Market Size Share Analysis
(2018-2025)
  • The remittance industry is presently consolidated
    as well as concentrated with names like PayPal,
    Western Union, Xoom, MoneyGram and to a lesser
    extent RIA among others. Moreover, since past
    five years, market has experienced a new wave of
    players and a transformed drive towards
    digitizing global remittance industry. Besides,
    user-friendly mobile applications, smarter
    methods of connecting to native payments methods
    as well as innovative business models are also
    developing. Also, these money transfer
    enterprises are joining hands with mobile money
    providers for fund transfer processes. However
    some companies are also using crypto currencies
    as an immediate settlement instrument (aid in
    lessening the need of keeping bank accounts in
    several countries) plus technologies like
    artificial intelligence (AI) as well as digital
    identity authentication offer possibly more
    effective ways of fulfilling the broad
    fragmented requirements of the respective
    government enabling companies to deliver
    value-added service to their customers.
  • For instance In January 2017, MoneyGram agreed
    to amalgamate with a sister concern of Chinas
    Alibaba Group, known as Ant Financial. However
    that tender was outdone in March by Euronet
    Worldwide. Further, both these companies entered
    into an amended merger agreement, by raising
    purchasing price of around 1.2 billion in April.
    Though, the agreement was not accepted by the
    U.S. regulating officials.
  • Browse the complete report on _at_
    https//www.adroitmarketresearch.com/industry-repo
    rts/remittance-market

4
Global Remittance Market Size Share Analysis
(2018-2025)
  • Several digital-first remittance new entrants are
    including new technological developments for
    instance blockchain as well as peer-to-peer
    transfer structures. In addition, since past few
    years, startups coming in have effectively
    leveraged these digital platforms via traditional
    remittance providers over scale fees.
  • Moreover, blockchain is amongst the key
    underlying technologies that have the capability
    to transform money transfer business. Even
    though, many of the financial institutions
    including money exchanges are still hesitant to
    forego traditional cash transfer methods over the
    digital currency system. One of the major
    challenges that can hinder the market include
    de-risking practices. This can threaten the
    remittance industry across the globe.
  • Remittance is a system of online transaction of
    payments sent by migrants to their relatives
    living in the native states. The remittance
    market plays a very significant role towards the
    growth of the economy and living across the
    globe. Also, global remittance industry inflows
    in emerging economies creating an outstanding
    share in the gross domestic product (GDPs) of the
    respective country. Besides driving the economic
    growth as well as GDP of the country, digital or
    online remittance from the macroeconomics
    perspective, are also capable of boosting the
    overall demand.

5
Global Remittance Market Size Share Analysis
(2018-2025)
  • What to expect from the Global Remittance
    Market report
  • The growth prospects of global remittance market
    during the forecast period.
  • Current trends, driving factors, opportunities,
    challenges and restraints affecting the growth of
    the industry.
  • Analysis over different segmentation of the
    market based on geographical factors, economic
    factors, end users and applications is provided.
  • The government initiatives towards various
    technological developments supporting the market.
  • Key players involved in the global remittance
    market and developments made by them has also
    been delivered in the report.
  • Purchase a single user copy of the global
    Remittance market report_at_ https//www.adroitmarket
    research.com/researchreport/purchase/37

6
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
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