Press release
Foreign Exchange Services Market is Projected to Reach USD 17.56 Billion by 2030: Cognitive Market Research
Foreign Exchange Services Market is Projected to Reach USD 17.56 Billion by 2030: Cognitive Market Research
What are foreign exchange services?
Foreign exchange is the change of one currency to another currency. These services are used for investing, equivocation against fluctuations in currency, and conducting business transactions. Foreign exchange service offers financial services and products, which allow individuals, financial institutions, and businesses to translate one currency into another. These services help clients manage the risk of currency. Furthermore, foreign exchange services such as selling and buying currency in the transferring assets between international accounts, spot market, offering hedging tools and currency options, and providing market research and analysis.
Summary:
As per the study of CMR, the Global Foreign Exchange Services Market size stood at USD 9.72 Billion in 2022 and will reach the mark of USD 17.56 Billion by 2030. The global market is expected to expand at a CAGR of 8.1 % during the forecast period (2023-2030).
To know more about The Foreign Exchange Services Market statistics click here: https://www.cognitivemarketresearch.com/foreign-exchange-service-market-report
Market Dynamics:
Foreign Exchange Services Market Drivers:
Increasing international trade and investment & trade flows between countries is a key factor expected to drive the growth of the foreign exchange services market. In addition, increasing the use of digital technology is transforming the foreign exchange services are consumed and delivered, extra accessible to a broader range of customers, more convenient, and making them faster. This is likely to boost the growth of the foreign exchange services market.
Foreign Exchange Services Market Opportunities:
Increasing efficient transactions and security and blockchain technology integration will present growth opportunities for the foreign exchange services market. In addition, foreign exchange services help clients manage the risk of currency, and the advantages taken are projected to create growth opportunities for the foreign exchange services market in the forecast period.
Foreign Exchange Services Market Restraints:
Fluctuation and instability in the economy and Governing barriers are key factors anticipated to hamper the growth of the foreign exchange services market.
Market Segmentation:
Services:
• Foreign Currency Accounts
• Currency Exchange
• Remittance Services
• Others
Based on services, the remittance services segment has the largest share of the foreign exchange services market. This is attributed to the rising number of migrant workers and the need for sending back money to home nations affecting the propel demand for the remittance services segment in the target market.
Providers:
• Money Transfer Operators
• Banks
• Others
Application:
• Individuals
• Businesses
Competitive Analysis of the Foreign Exchange Services Market: American Express Company , State Bank of India , Bank of America Corporation , Western Union Holdings Inc , JPMorgan Chase & Co. , Capital One Financial Corporation , GAIN Capital , Wells Fargo , Citibank , Scotiabank
Get free sample pages of the latest published Foreign Exchange Services Market Report: https://www.cognitivemarketresearch.com/foreign-exchange-service-market-report#request_sample
Regional Analysis:
North America accounted for the largest share of the foreign exchange services market
North America has the largest revenue share in the foreign exchange services market. This is due to foreign exchange services vital part of the financial services industry, risk management solutions to industries, and providing currency exchange and individuals in the region. This is anticipated to drive the demand for the foreign exchange services market in the region.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Foreign Exchange Service Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Foreign Exchange Service Market Segmentation
1.5.1 Foreign Exchange Service Market Regional Fragmentation
1.5.1 Foreign Exchange Service Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Foreign Exchange Service Market
• 3.1 Global Foreign Exchange Service Market Size 2018 - 2030, (USD Million)
• 3.2 Global Foreign Exchange Service Value, Absolute & Opportunity Analysis
• 3.3 Global Foreign Exchange Service Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Foreign Exchange Service Market Statistics 2022: Snapshot
Chapter 4 Global Foreign Exchange Service Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Foreign Exchange Service Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Foreign Exchange Service Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Foreign Exchange Service Market by Providers Segmentation Analysis (2018-2030)
Chapter 12 Global Foreign Exchange Service Market Regional Analysis
Chapter 13 North America Foreign Exchange Service Market Outlook (2018 - 2030)
Chapter 14 Europe Foreign Exchange Service Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Foreign Exchange Service Market Outlook (2018 - 2030)
Chapter 16 Latin America Foreign Exchange Service Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Foreign Exchange Service Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Foreign Exchange Services Market TOC click here: https://www.cognitivemarketresearch.com/foreign-exchange-service-market-report#table_of_contents
Related Report:
• Remittance Market- https://www.cognitivemarketresearch.com/remittance-market-report
• Foreign Exchange Market- https://www.cognitivemarketresearch.com/foreign-exchange-market-report
• Foreign Substance Pump Market- https://www.cognitivemarketresearch.com/foreign-substance-pump-market-report
Blog:
• What is the Importance of VRIO SWOT and PESTEL in Business: Cognitive Market Research- https://www.cognitivemarketresearch.com/blog/what-is-the-importance-of-vrio-swot-and-pestel-in-business
Article:
• Rising Consumer Awareness about Material of Storage Box Drives the Sustainable Storage Box Demand- https://www.cognitivemarketresearch.com/articles/rising-consumer-awareness-about-material-of-storage-box-drives-the-sustainable-storage-box-demand
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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