Market Research Logo

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

Global 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.


1. Overview
1.1 Remittance
Table 1: Types of Remittance Service
1.2 Components of Remittance Marketplace
1.3 Remittance Market Value Chain
Table 2: Value Chain: Remittance Industry
2. Remittance Market Analysis
2.1 Global Remittance Inflow
Table 3: Global Remittance Inflow (2013-2017)
2.2 Global Remittance Inflow Forecast
Table 4: Global Remittance Inflow Forecast (2018-2022)
2.3 Global Remittance Inflow to Low-Middle Income Region
Table 5: Global Remittance Inflow to Low-Middle Income Region (2013-2017)
2.4 Global Remittance Inflow to Low-Middle Income Region Forecast
Table 6: Global Remittance Inflow to Low-Middle Income Region Forecast (2018-2022)
2.5 Global Remittance Inflow by Countries
Table 7: Global Remittance Inflow by Countries (2017)
2.5.1 India Remittance Inflow Forecast
Table 8: India Remittance Inflow Forecast (2017-2022)
2.5.2 China Remittance Inflow Forecast
Table 9: China Remittance Inflow Forecast (2017-2022)
2.5.3 Philippines Remittance Inflow Forecast
Table 10: Philippines Remittance Inflow Forecast (2017-2022)
2.5.4 Mexico Remittance Inflow Forecast
Table 11: Mexico Remittance Inflow Forecast (2017-2022)
2.5.5 Pakistan Remittance Inflow Forecast
Table 12: Pakistan Remittance Inflow Forecast (2017-2022)
2.6 Global Remittance Outflow by Countries
Table 13: Global Remittance Outflow by Countries (2017)
2.6.1 The U.S. Remittance Outflows Forecast
Table 14: The U.S. Remittance Outflows Forecast (2017-2022)
2.6.2 Saudi Arabia Remittance Outflows Forecast
Table 15: Saudi Arabia Remittance Outflows Forecast (2017-2022)
2.6.3 Switzerland Remittance Outflows Forecast
Table 16: Switzerland Remittance Outflows Forecast (2017-2022)
2.6.4 Germany Remittance Outflows Forecast
Table 17: Germany Remittance Outflows Forecast (2017-2022)
3. Lower Middle Income Regions Remittance Market Analysis
3.1 East Asia-Pacific Remittance Inflow Forecast
Table 18: East Asia-Pacific Remittance Inflow Forecast (2013-2022)
3.2 South Asia Remittance Inflow Forecast
Table 19: South Asia Remittance Inflow Forecast (2013-2022)
3.3 Latin America & Caribbean Remittance Inflow Forecast
Table 20: Latin America & Caribbean Remittance Inflow Forecast (2013-2022)
3.4 Middle East & North Africa Remittance Inflow Forecast
Table 21: Middle East & North Africa Remittance Inflow Forecast (2013-2022)
3.5 Europe & Central Asia Remittance Inflow Forecast
Table 22: Europe & Central Asia Remittance Inflow Forecast (2013-2022)
3.6 Sub Saharan Africa Remittance Inflow Forecast
Table 23: Sub-Saharan Africa Remittance Inflow Forecast (2013-2022)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Decreasing Remittance Costs
Table 24: Global Average Costs of Remittance (2013-2017)
4.1.2 Increasing International Migration
Table 25: Global International Migrants Population (2013-2017)
4.1.3 Improving Economic Growth
Table 26: Global GDP per Capita (2013-2017)
4.1.4 Increasing Youth Unemployment Rate
Table 27: Global Youth Unemployment Rate (2013-2017)
4.1.5 Growing Urbanization
Table 28: Global Urban Population (2013-2017)
4.1.6 Growing Population of Refugees
Table 29: Global Refugees Population (2013-2017)
4.1.7 Increasing Disposable Income
Table 30: Global GNI per Capita (2013-2017)
4.2 Key Trends
4.2.1 Fluctuating Remittance Costs by Region
Table 31: Global Average Remittance Costs by Region (Q114-Q417)
4.2.2 Average Remittance Sending Costs by G20 Countries
Table 32: Average Remittance Sending Costs by G20 Countries (Q417)
4.2.3 Unstable Remittance Costs by Remittance Service Providers (RSPs)
Table 33: Global Average Remittance Cost by RSPs (Q114-Q417)
4.2.4 Remittance Costs by Sending and Receiving Methods
Table 34: Average Cost by Means of Disbursing the Funds
(Q417)
Table 35: Average Cost by Instruments Used to Fund the Transaction (Q417)
4.2.5 Rising Demand of Mobile Payment Transactions
Table 36: Global Mobile Payment Transactions Forecast (2017-2022)
4.2.6 Growing Options of Sending Money
4.3 Challenges
4.3.1 De-risking Practices
4.3.2 Government Regulations
5. Competition
5.1 Global Market
5.1.1 Revenue Comparison of Key Players
Table 37: Revenue Comparison of Key Players (2016)
5.1.2 Market Cap Comparison of Key Players
Table 38: Market Cap Comparison of Key Players
5.1.3 Cross Border Money Transfer Volume Comparison of Key Players
Table 39: Cross Border Money Transfer Volume Comparison of Key Players (2017)
5.1.4 Comparison of Services Offered by Money Transfer Operators
Table 40: Comparison of Services Offered by Money Transfer Operators (2017)
6. Company Profiles
6.1 PayPal Holdings Inc.
6.1.1 Business Overview
Table 41: PayPal Holdings Inc. Revenue by Segment (2016)
6.1.2 Financial Overview
Table 42: PayPal Holdings Inc. Net Revenue and Net Income (2012-2016)
6.1.3 Business Strategies
Table 43: PayPal Holdings Inc. R&D Expenditure (2014-2016)
6.2 Western Union
6.2.1 Business Overview
Table 44: Western Union Revenue by Segment (2016)
6.2.2 Financial Overview
Table 45: Western Union Revenue & Net Income (2012-2016)
6.2.3 Business Strategies
6.3 Euronet
6.3.1 Business Overview
Table 46: Euronet Revenue by Segment (2016)
6.3.2 Financial Overview
Table 47: Euronet Revenue & Net Income (2012-2016)
6.3.3 Business Strategies
Table 48: Euronet R&D Expenditure (2014-2016)
6.4 MoneyGram International Inc.
6.4.1 Business Overview
Table 49: MoneyGram International Inc. by Segment (2016)
6.4.2 Financial Overview
Table 50: MoneyGram International Inc. Total Revenue & Net Income (2012-2016)
6.4.3 Business Strategies

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report