2018-2023 Global Remittance Market Report (Status and Outlook)

  • No of Pages: 145
  • Publisher: LP Information
  • Category: Others
20off

In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Remittance market for 2018-2023.

Remittance is the transfer of money by foreign migrants to their homes. Remittance channel consists of sender, recipient, intermediaries in both countries, and the payment interface used by the intermediaries.
Over the next five years, LPI(LP Information) projects that Remittance will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Remittance market by product type, application, key companies and key regions.

To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:
Bank Money Transfer Services
Money Transfer App
Segmentation by application:
Personal Remittances
Business Remittances
Public Services

We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
MoneyGram International Inc.
Western Union Holdings, Inc.
Euronet Worldwide, Inc.
The Kroger Co.
ABSA
Banco Bradesco SA
U.S. Bank
Scotiabank
Societe Generale
UBA

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Remittance market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Remittance market by identifying its various subsegments.
Focuses on the key global Remittance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Remittance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Remittance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of Contents

2018-2023 Global Remittance Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Remittance Market Size 2013-2023
2.1.2 Remittance Market Size CAGR by Region
2.2 Remittance Segment by Type
2.2.1 Bank Money Transfer Services
2.2.2 Money Transfer App
2.2.3 Others
2.3 Remittance Market Size by Type
2.3.1 Global Remittance Market Size Market Share by Type (2013-2018)
2.3.2 Global Remittance Market Size Growth Rate by Type (2013-2018)
2.4 Remittance Segment by Application
2.4.1 Personal Remittances
2.4.2 Business Remittances
2.4.3 Public Services
2.5 Remittance Market Size by Application
2.5.1 Global Remittance Market Size Market Share by Application (2013-2018)
2.5.2 Global Remittance Market Size Growth Rate by Application (2013-2018)

3 Global Remittance by Players
3.1 Global Remittance Market Size Market Share by Players
3.1.1 Global Remittance Market Size by Players (2016-2018)
3.1.2 Global Remittance Market Size Market Share by Players (2016-2018)
3.2 Global Remittance Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 Remittance by Regions
4.1 Remittance Market Size by Regions
4.2 Americas Remittance Market Size Growth
4.3 APAC Remittance Market Size Growth
4.4 Europe Remittance Market Size Growth
4.5 Middle East & Africa Remittance Market Size Growth

5 Americas
5.1 Americas Remittance Market Size by Countries
5.2 Americas Remittance Market Size by Type
5.3 Americas Remittance Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC
6.1 APAC Remittance Market Size by Countries
6.2 APAC Remittance Market Size by Type
6.3 APAC Remittance Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 Europe
7.1 Europe Remittance by Countries
7.2 Europe Remittance Market Size by Type
7.3 Europe Remittance Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa
8.1 Middle East & Africa Remittance by Countries
8.2 Middle East & Africa Remittance Market Size by Type
8.3 Middle East & Africa Remittance Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 Global Remittance Market Forecast
10.1 Global Remittance Market Size Forecast (2018-2023)
10.2 Global Remittance Forecast by Regions
10.2.1 Global Remittance Forecast by Regions (2018-2023)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Remittance Forecast by Type
10.8 Global Remittance Forecast by Application

11 Key Players Analysis
11.1 MoneyGram International Inc.
11.1.1 Company Details
11.1.2 Remittance Product Offered
11.1.3 MoneyGram International Inc. Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.1.4 Main Business Overview
11.1.5 MoneyGram International Inc. News
11.2 Western Union Holdings, Inc.
11.2.1 Company Details
11.2.2 Remittance Product Offered
11.2.3 Western Union Holdings, Inc. Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.2.4 Main Business Overview
11.2.5 Western Union Holdings, Inc. News
11.3 Euronet Worldwide, Inc.
11.3.1 Company Details
11.3.2 Remittance Product Offered
11.3.3 Euronet Worldwide, Inc. Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.3.4 Main Business Overview
11.3.5 Euronet Worldwide, Inc. News
11.4 The Kroger Co.
11.4.1 Company Details
11.4.2 Remittance Product Offered
11.4.3 The Kroger Co. Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.4.4 Main Business Overview
11.4.5 The Kroger Co. News
11.5 ABSA
11.5.1 Company Details
11.5.2 Remittance Product Offered
11.5.3 ABSA Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.5.4 Main Business Overview
11.5.5 ABSA News
11.6 Banco Bradesco SA
11.6.1 Company Details
11.6.2 Remittance Product Offered
11.6.3 Banco Bradesco SA Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.6.4 Main Business Overview
11.6.5 Banco Bradesco SA News
11.7 U.S. Bank
11.7.1 Company Details
11.7.2 Remittance Product Offered
11.7.3 U.S. Bank Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.7.4 Main Business Overview
11.7.5 U.S. Bank News
11.8 Scotiabank
11.8.1 Company Details
11.8.2 Remittance Product Offered
11.8.3 Scotiabank Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.8.4 Main Business Overview
11.8.5 Scotiabank News
11.9 Societe Generale
11.9.1 Company Details
11.9.2 Remittance Product Offered
11.9.3 Societe Generale Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.9.4 Main Business Overview
11.9.5 Societe Generale News
11.10 UBA
11.10.1 Company Details
11.10.2 Remittance Product Offered
11.10.3 UBA Remittance Revenue, Gross Margin and Market Share (2016-2018)
11.10.4 Main Business Overview
11.10.5 UBA News

12 Research Findings and Conclusion
List of Tables and Figures

Table Product Specifications of Remittance
Figure Remittance Report Years Considered
Figure Market Research Methodology
Figure Global Remittance Market Size Growth Rate 2013-2023 ($ Millions)
Table Remittance Market Size CAGR by Region 2013-2023 ($ Millions)
Table Major Players of Bank Money Transfer Services
Table Major Players of Money Transfer App
Table Major Players of Others
Table Market Size by Type (2013-2018) ($ Millions)
Table Global Remittance Market Size Market Share by Type (2013-2018)
Figure Global Remittance Market Size Market Share by Type (2013-2018)
Figure Global Bank Money Transfer Services Market Size Growth Rate
Figure Global Money Transfer App Market Size Growth Rate
Figure Global Others Market Size Growth Rate
Figure Remittance Consumed in Personal Remittances
Figure Global Remittance Market: Personal Remittances (2013-2018) ($ Millions)
Figure Global Personal Remittances YoY Growth ($ Millions)
Figure Remittance Consumed in Business Remittances
Figure Global Remittance Market: Business Remittances (2013-2018) ($ Millions)
Figure Global Business Remittances YoY Growth ($ Millions)
Figure Remittance Consumed in Public Services
Figure Global Remittance Market: Public Services (2013-2018) ($ Millions)
Figure Global Public Services YoY Growth ($ Millions)
Table Global Remittance Market Size by Application (2013-2018) ($ Millions)
Table Global Remittance Market Size Market Share by Application (2013-2018)
Figure Global Remittance Market Size Market Share by Application (2013-2018)
Figure Global Remittance Market Size in Personal Remittances Growth Rate
Figure Global Remittance Market Size in Business Remittances Growth Rate
Figure Global Remittance Market Size in Public Services Growth Rate
Table Global Remittance Revenue by Players (2016-2018) ($ Millions)
Table Global Remittance Revenue Market Share by Players (2016-2018)
Figure Global Remittance Revenue Market Share by Players in 2017
Table Global Remittance Key Players Head office and Products Offered
Table Remittance Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
Table Global Remittance Market Size by Regions 2013-2018 ($ Millions)
Table Global Remittance Market Size Market Share by Regions 2013-2018
Figure Global Remittance Market Size Market Share by Regions 2013-2018
Figure Americas Remittance Market Size 2013-2018 ($ Millions)
Figure APAC Remittance Market Size 2013-2018 ($ Millions)
Figure Europe Remittance Market Size 2013-2018 ($ Millions)
Figure Middle East & Africa Remittance Market Size 2013-2018 ($ Millions)
Table Americas Remittance Market Size by Countries (2013-2018) ($ Millions)
Table Americas Remittance Market Size Market Share by Countries (2013-2018)
Figure Americas Remittance Market Size Market Share by Countries in 2017
Table Americas Remittance Market Size by Type (2013-2018) ($ Millions)
Table Americas Remittance Market Size Market Share by Type (2013-2018)
Figure Americas Remittance Market Size Market Share by Type in 2017
Table Americas Remittance Market Size by Application (2013-2018) ($ Millions)
Table Americas Remittance Market Size Market Share by Application (2013-2018)
Figure Americas Remittance Market Size Market Share by Application in 2017
Figure United States Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Canada Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Mexico Remittance Market Size Growth 2013-2018 ($ Millions)
Table APAC Remittance Market Size by Countries (2013-2018) ($ Millions)
Table APAC Remittance Market Size Market Share by Countries (2013-2018)
Figure APAC Remittance Market Size Market Share by Countries in 2017
Table APAC Remittance Market Size by Type (2013-2018) ($ Millions)
Table APAC Remittance Market Size Market Share by Type (2013-2018)
Figure APAC Remittance Market Size Market Share by Type in 2017
Table APAC Remittance Market Size by Application (2013-2018) ($ Millions)
Table APAC Remittance Market Size Market Share by Application (2013-2018)
Figure APAC Remittance Market Size Market Share by Application in 2017
Figure China Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Japan Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Korea Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Southeast Asia Remittance Market Size Growth 2013-2018 ($ Millions)
Figure India Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Australia Remittance Market Size Growth 2013-2018 ($ Millions)
Table Europe Remittance Market Size by Countries (2013-2018) ($ Millions)
Table Europe Remittance Market Size Market Share by Countries (2013-2018)
Figure Europe Remittance Market Size Market Share by Countries in 2017
Table Europe Remittance Market Size by Type (2013-2018) ($ Millions)
Table Europe Remittance Market Size Market Share by Type (2013-2018)
Figure Europe Remittance Market Size Market Share by Type in 2017
Table Europe Remittance Market Size by Application (2013-2018) ($ Millions)
Table Europe Remittance Market Size Market Share by Application (2013-2018)
Figure Europe Remittance Market Size Market Share by Application in 2017
Figure Germany Remittance Market Size Growth 2013-2018 ($ Millions)
Figure France Remittance Market Size Growth 2013-2018 ($ Millions)
Figure UK Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Italy Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Russia Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Spain Remittance Market Size Growth 2013-2018 ($ Millions)
Table Middle East & Africa Remittance Market Size by Countries (2013-2018) ($ Millions)
Table Middle East & Africa Remittance Market Size Market Share by Countries (2013-2018)
Figure Middle East & Africa Remittance Market Size Market Share by Countries in 2017
Table Middle East & Africa Remittance Market Size by Type (2013-2018) ($ Millions)
Table Middle East & Africa Remittance Market Size Market Share by Type (2013-2018)
Figure Middle East & Africa Remittance Market Size Market Share by Type in 2017
Table Middle East & Africa Remittance Market Size by Application (2013-2018) ($ Millions)
Table Middle East & Africa Remittance Market Size Market Share by Application (2013-2018)
Figure Middle East & Africa Remittance Market Size Market Share by Application in 2017
Figure Egypt Remittance Market Size Growth 2013-2018 ($ Millions)
Figure South Africa Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Israel Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Turkey Remittance Market Size Growth 2013-2018 ($ Millions)
Figure GCC Countries Remittance Market Size Growth 2013-2018 ($ Millions)
Figure Global Remittance arket Size Forecast (2018-2023) ($ Millions)
Table Global Remittance Market Size Forecast by Regions (2018-2023) ($ Millions)
Table Global Remittance Market Size Market Share Forecast by Regions
Figure Americas Remittance Market Size 2018-2023 ($ Millions)
Figure APAC Remittance Market Size 2018-2023 ($ Millions)
Figure Europe Remittance Market Size 2018-2023 ($ Millions)
Figure Middle East & Africa Remittance Market Size 2018-2023 ($ Millions)
Figure United States Remittance Market Size 2018-2023 ($ Millions)
Figure Canada Remittance Market Size 2018-2023 ($ Millions)
Figure Mexico Remittance Market Size 2018-2023 ($ Millions)
Figure Brazil Remittance Market Size 2018-2023 ($ Millions)
Figure China Remittance Market Size 2018-2023 ($ Millions)
Figure Japan Remittance Market Size 2018-2023 ($ Millions)
Figure Korea Remittance Market Size 2018-2023 ($ Millions)
Figure Southeast Asia Remittance Market Size 2018-2023 ($ Millions)
Figure India Remittance Market Size 2018-2023 ($ Millions)
Figure Australia Remittance Market Size 2018-2023 ($ Millions)
Figure Germany Remittance Market Size 2018-2023 ($ Millions)
Figure France Remittance Market Size 2018-2023 ($ Millions)
Figure UK Remittance Market Size 2018-2023 ($ Millions)
Figure Italy Remittance Market Size 2018-2023 ($ Millions)
Figure Russia Remittance Market Size 2018-2023 ($ Millions)
Figure Spain Remittance Market Size 2018-2023 ($ Millions)
Figure Egypt Remittance Market Size 2018-2023 ($ Millions)
Figure South Africa Remittance Market Size 2018-2023 ($ Millions)
Figure Israel Remittance Market Size 2018-2023 ($ Millions)
Figure Turkey Remittance Market Size 2018-2023 ($ Millions)
Figure GCC Countries Remittance Market Size 2018-2023 ($ Millions)
Table Global Remittance Market Size Forecast by Type (2018-2023) ($ Millions)
Table Global Remittance Market Size Market Share Forecast by Type (2018-2023)
Table Global Remittance Market Size Forecast by Application (2018-2023) ($ Millions)
Table Global Remittance Market Size Market Share Forecast by Application (2018-2023)
Table MoneyGram International Inc. Basic Information, Head Office, Major Market Areas and Its Competitors
Table MoneyGram International Inc. Remittance Revenue and Gross Margin (2016-2018)
Figure MoneyGram International Inc. Remittance Market Share (2016-2018)
Table Western Union Holdings, Inc. Basic Information, Head Office, Major Market Areas and Its Competitors
Table Western Union Holdings, Inc. Remittance Revenue and Gross Margin (2016-2018)
Figure Western Union Holdings, Inc. Remittance Market Share (2016-2018)
Table Euronet Worldwide, Inc. Basic Information, Head Office, Major Market Areas and Its Competitors
Table Euronet Worldwide, Inc. Remittance Revenue and Gross Margin (2016-2018)
Figure Euronet Worldwide, Inc. Remittance Market Share (2016-2018)
Table The Kroger Co. Basic Information, Head Office, Major Market Areas and Its Competitors
Table The Kroger Co. Remittance Revenue and Gross Margin (2016-2018)
Figure The Kroger Co. Remittance Market Share (2016-2018)
Table ABSA Basic Information, Head Office, Major Market Areas and Its Competitors
Table ABSA Remittance Revenue and Gross Margin (2016-2018)
Figure ABSA Remittance Market Share (2016-2018)
Table Banco Bradesco SA Basic Information, Head Office, Major Market Areas and Its Competitors
Table Banco Bradesco SA Remittance Revenue and Gross Margin (2016-2018)
Figure Banco Bradesco SA Remittance Market Share (2016-2018)
Table U.S. Bank Basic Information, Head Office, Major Market Areas and Its Competitors
Table U.S. Bank Remittance Revenue and Gross Margin (2016-2018)
Figure U.S. Bank Remittance Market Share (2016-2018)
Table Scotiabank Basic Information, Head Office, Major Market Areas and Its Competitors
Table Scotiabank Remittance Revenue and Gross Margin (2016-2018)
Figure Scotiabank Remittance Market Share (2016-2018)
Table Societe Generale Basic Information, Head Office, Major Market Areas and Its Competitors
Table Societe Generale Remittance Revenue and Gross Margin (2016-2018)
Figure Societe Generale Remittance Market Share (2016-2018)
Table UBA Basic Information, Head Office, Major Market Areas and Its Competitors
Table UBA Remittance Revenue and Gross Margin (2016-2018)
Figure UBA Remittance Market Share (2016-2018)

Research Process

The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistic agencies, and paid databases. This information creates a base for the study. This information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analysed to extract crisp data points which currently affect or are likely to affect the industry over the forecast period. After analysing the information, a proprietary market estimation & forecast technique is applied, which generates the quantitative figures/sizes of the market/sub-segments in the current scenario as well as for over the forecast period. After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

DATA MINING

Data mining is one of the extensive stages of our research process. It involves the procurement of market data and related information through different verified & credible sources. This step helps to obtain the raw information about the supply chain of the industry, the monetary process of different Products & End-Uses, the pool of market participants & the nature of the industry and the scope of the study. The data mining stage comprises both primary as well as secondary sources of information. Some of the key data sources are as follows:

Secondary Research In the process of secondary research, various sources are referred to identify and collect industry trends and information for the research process. We at having access to some of the most diversified and extensive paid databases which give us the most accurate data/information on markets sizes, Products and pricing.

In the primary research process for data mining, various key industry participants from both supply and demand side are interviewed to obtain both qualitative as well as quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (SMEs), industry consultants, and C-level executives of major companies are conducted to obtain critical qualitative and quantitative aspects pertaining to the market, as well as to assess the prospects for market growth over the forecast period.

ANALYSIS

This step involves the analysis & mapping of all the information procured from the previous step. This step also encompasses the scrutiny of data discrepancies observed across various data sources and finalising the appropriate data for estimation and forecasting. This analysis is done by our experienced panel of industry analysts.

MARKET ESTIMATION

Understanding and penetrating the market in terms of valuation is a crucial task in the process of business research. This again becomes significantly important while investing and choosing the business opportunities. In this regard, we perform two ways market sizing approach simultaneously namely top-down and bottom-up approaches. In this step, we place different data points, numeric attributes, information, and industry trends at an appropriate space in order to deduce the estimates & forecast values over the coming years. We use different mathematical models to estimate the market sizes of different economies and segments. Each of which is further summed up to define the total market. We own a proprietary tool for market estimations which helps us to comprehend market size estimates & forecasts for different markets and industries. Below figure explains the process of market estimation using independent tool employed by our analysts to get the sizing off the market.