Remittance Market – 2020: COVID-19 Scenario, Growth Opportunities and Business Development Strategies By 2027 | Bank of America, Citigroup Inc., JPMorgan Chase & Co., MoneyGram International Inc., TransferWise Ltd. and UAE Exchange

The report titled, “Remittance Market By Type (Inward Remittance and Outward Remittance), Channel (Banks, Money Transfer Operators, and Others), Application (Consumption, Savings, and Investments), and End User (Business and Personal): Global Opportunity Analysis and Industry Forecast, 2020-2027” published by Allied Market Research, says that remittance market is expected to grow sustainably by 2027. The report offers an extensive market analysis focusing on key growth drivers, key market players, stakeholders, and forecast of revenue based on past data. This helps the existing as well as potential market players in framing long term profitable strategies.

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NEED OF THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the remittance market to understand the market deeply, which will help them in taking sound decisions to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.

COVID-19 SCENARIO:
The market for remittance has been adversely affected by the pandemic, globally. Following the government’s and WHO’s guidelines to maintain the social distance, the companies has put production activities on a halt, which has impacted the employment rate directly and demand ultimately.

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REMITTANCE MARKET KEY SEGMENTATION:
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

Segregating the large problem into smaller parts makes it easy to solve even the complex problems. Similarly, to analyze the remittance market effectively and efficiently, the market has been segmented into, type, remittance channel, application, end user and region. The related graphs and data tables have made the analysis much impactful and easily understandable. The interested parties can surely rip the benefits of the report on the remittance market.

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REMITTANCE MARKET KEY PLAYERS:
The report offers a competitive analysis in the report, in which, the performance of the competitors in past, the revenue, and strategies framed are analyzed in detail. The key market players in remittance market are Bank of America, Citigroup Inc., JPMorgan Chase & Co., MoneyGram International Inc., RIA Financial Services Ltd., TransferWise Ltd., UAE Exchange, Wells Fargo, Western Union Holdings Inc. and XOOM, etc. The competitors’ analysis will be helpful for new entrants to frame the profitable strategies that will help them gain the market share and achieve the objective of wealth maximization.

KEY OFFERINGS OF THE REPORT:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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KEY BENEFITS FOR STAKEHOLDERS:
1. This study includes the market analysis, trends, and future estimations to determine the imminent investment pockets.
2. The report presents information related to key drivers, restraints, and market opportunity.
3. The market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
4. Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

Remittance Market Key Segments:
By Type:
1. Inward Remittance
2. Outward Remittance

By Channel:
1. Banks
2. Money Transfer Operator
3. Others

By Application:
1. Consumption
2. Savings
3. Investment

By End User:
1. Business
2. Personal

By Region:
1. South Asia/Southeast Asia
2. MENA
3. Rest of the World

CHAPTERS DISCUSSED IN THE REPORT: [Total 382 Pages]
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Remittance Market, By Type
Chapter 5: Global Remittance Market, By Remittance Channel
Chapter 6: Global Remittance Market, By Application
Chapter 7: Global Remittance Market, By End User
Chapter 8: Remittance Market, By Region
Chapter 9: Company Profiles: Major Players
Chapter 10: Company Profiles: Startup’s

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