At 3.9% CAGR, Remittance Market Expected to Reach $930.44 Billion By 2026 | Bank of America, Citigroup Inc., JPMorgan Chase & Co., MoneyGram International Inc. and RIA Financial Services Ltd.

Allied Market Research published a new 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".

The report has offered an all-inclusive analysis of the global remittance market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

The report presents in-depth insights into each of the leading remittance end user verticals along with annual forecasts to 2027. The report provides revenue forecast with sales, and sales growth rate of the global remittance market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as 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).

Top 10 leading companies in the global remittance market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and remittance products and services. The key players operating in the global remittance industry include 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.

Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.

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Key Benefits:
1. The report provides a qualitative and quantitative analysis of the current remittance market trends, forecasts, and market size from 2020 to 2027 to determine the prevailing opportunities.
2. Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
3. Top impacting factors & major investment pockets are highlighted in the research.
4. The major countries in each region are analyzed and their revenue contribution is mentioned.
5. The market report also provides an understanding of the current position of the market players active in the remittance industry.

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Highlights of the Report:
1. Competitive landscape of the remittance Market.
2. Revenue generated by each segment of the remittance market by 2027.
3. Factors expected to drive and create new opportunities in the remittance industry.
4. Strategies to gain sustainable growth of the market.
5. Region that would create lucrative business opportunities during the forecast period.
6. Top impacting factors of the remittance 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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