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Global Remittance Market: Industry Analysis & Outlook (2018-2022)

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The global remittance market is expected to grow in future due to increasing international migration population. For more mail: vikas@konceptanalytics.com

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Global Remittance Market: Industry Analysis & Outlook (2018-2022)

  1. 1. Global Remittance Market: Industry Analysis & Outlook ----------------------------------------- (2018-2022) Industry Research by Koncept Analytics 1 February 2018 Global Remittance Market: Industry Analysis & Outlook (2018-2022)
  2. 2. Executive Summary 2Global Remittance Market: Industry Analysis & Outlook (2018-2022) Remittance is referred to as the money sent by immigrants to their families residing in their native countries. Remittance market plays a vital role in the economic growth and livelihoods of people across the world. Remittance inflows in developing countries make a notable share in their GDPs. The market is completely dependent on the migrated population living across the world. From a macroeconomic perspective, remittances can boost aggregate demand and thereby spurring the GDP as well as economic growth. However, research indicates that remittances may also have adverse macroeconomic impact by increasing income inequality and reducing labor supply among recipients. Despite financial and economic downturns, the stability of remittance flow makes the developing countries a reliable and financial resource. Countries with diversified migration destinations have a higher probability of experiencing more sustainable remittance inflows. Lower-middle regions are the biggest destinations for remittance inflows. Whereas, the U.S. and Saudi Arabia are the major contributors to the global remittance market supported by increased remittance outflows by immigrant populations residing there. The global remittance market is expected to grow in future due to increasing international migration population, decreasing remittance costs, increasing disposable income, improving economic growth, growing refugees population and growing urbanization. Key trends of this market include increasing growing trend of mobile payments and number of money sending options. However, there are some factors which can hinder the market growth including government regulations and de-risking practices. The report “Global Remittance Market: Industry Analysis & Outlook (2018-2022)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering the lower middle income regions, top remittance sending and receiving countries along with the global market. The report profiles the key players of the market including PayPal Holdings Inc., Western Union, MoneyGram International and Euronet.
  3. 3. Global remittance market is likely to experience growth in future due to decreasing costs for sending remittance, growing options and services for sending and receiving remittance and significantly increasing population of immigrants and refugees… 3 Global Remittance Market: Industry Analysis & Outlook (2018- 2022) • Global remittance inflow is expected to reach US$.. billion in the year 2022, increasing from US$.. billion in the fiscal year 2018 at a CAGR of ..%. • In the year 2022, Indian remittance inflow is expected to reach US$.. billion, increasing from US$.. billion in 2017. • In year 2022, The U.S. remittance outflow is expected to reach US$.. billion, increasing from US$.. billion in 2017 at a CAGR of ..%. India Remittance Inflow Forecast(2017-2022) Global Remittance Inflow Forecast (2018-2022) The U.S. Remittance Outflows Forecast (2017-2022)
  4. 4. Growth of lower middle income remittance market is likely to be driven by growing international migrations from lower middle income regions to developed countries. 4 Global Remittance Market: Industry Analysis & Outlook (2018- 2022) • Global remittance inflow to lower-middle income regions is expected to reach US$.. billion in the year 2022, increasing from US$.. billion in the fiscal year 2018, at a CAGR of ..%. • In the year 2022, East Asia-Pacific remittance inflow is expected to reach US$.. billion, increasing from US$.. billion in 2013. • South Asia remittance inflow is expected to reach US$.. Billion in 2022, increasing from US$.. billion in 2013, at a CAGR of ..%. East Asia-Pacific Remittance Inflow Forecast (2013-2022) Global Remittance Inflow to Low-Middle Income Region Forecast (2018- 2022) South Asia Remittance Inflow Forecast (2013-2022)
  5. 5. Koncept Analytics CS-36, First Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T: +91-120-4130959 M: +91-9871694789 vikas@konceptanalytics.com Contact Us: www.konceptanalytics.com This is a licensed product of Koncept Analytics. You cannot reproduce, publish, distribute, publicly display, sell or create other works from this report or use them in any way for commercial purpose without our prior permission. Further, you cannot copy this material, by any means (including electronic copies), for distribution to others unless you have purchased the corporate license of this report. We believe the sources are reliable, but Koncept Analytics does not warranty the accuracy or completeness of the data. The data presented in the report is updated at the publication date but is subject to change at subsequent releases. All possible efforts have been made to ensure accuracy of data. However, investors should not completely rely on the information given in this report and must make decisions based on their own investment strategy, risk management and capital adequacy. For Report Purchase Click Below: http://www.konceptanalytics.com/Researchreport/global-remittance-market-industry-analysis-outlook- 2018-2022-35479.aspx Disclaimer

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