Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 796.74 Billion | USD 1334.69 Billion | 5.9% | 2023 |
List of Figures
1. Market Research Process
2. Market Research Methodology
3. Global Remittance Market, 2016–2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Remittance Market attractiveness, By Type
6. Global Remittance Market attractiveness, By Platform
7. Global Remittance Market attractiveness, By Channel
8. Global Remittance Market attractiveness, By End User
9. Global Remittance Market Share, By Type, 2018 and 2025
10. Global Remittance Market by Inward Remittance, 2016–2025 (USD Billion)
11. Global Remittance Market by Outward Remittance,2016–2025 (USD Billion)
12. Global Remittance Market Share, By Platform, 2018 and 2025
13. Global Remittance Market By Digital, 2016–2025 (USD Billion)
14. Global Remittance Market By Non - Digital, 2016–2025 (USD Billion)
15. Global Remittance Market Share, By Channel, 2018 and 2025
16. Global Remittance Market by Banks, 2016–2025 (USD Billion)
17. Global Remittance Market by Money Transfer Operators, 2016–2025 (USD Billion)
18. Global Remittance Market by Mobile Banking, 2016–2025 (USD Billion)
19. Global Remittance Market by Others, 2016–2025 (USD Billion)
20. Global Remittance Market Share, By End User, 2018 and 2025
21. Global Remittance Market by Migrant Labor Workforce, 2016–2025 (USD Billion)
22. Global Remittance Market by Businesses, 2016–2025 (USD Billion)
23. Global Remittance Market by Individual/Personal, 2016–2025 (USD Billion)
24. Global Remittance Market Share, by Region, 2018 and 2025
25. North America Remittance Market, 2016–2025 (USD Billion)
26. Europe Remittance Market, 2016–2025 (USD Billion)
27. Asia Pacific Remittance Market, 2016–2025 (USD Billion)
28. Latin America Remittance Market, 2016–2025 (USD Billion)
29. The Middle East and Africa Remittance Market, 2016–2025 (USD Billion)
List of Tables
1. Global Remittance Market: snapshot
2. Drivers of Remittance Market: impact analysis
3. Restraints of Remittance Market: impact analysis
4. North America Remittance Market Revenue, By Type,2016–2025 (USD Billion)
5. North America Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
6. North America Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
7. North America Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
8. The U.S. Remittance Market Revenue, By Type,2016–2025 (USD Billion)
9. The U.S. Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
10. The U.S. Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
11. The U.S. Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
12. Rest of North America Remittance Market Revenue, By Type,2016–2025 (USD Billion)
13. Rest of North America Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
14. Rest of North America Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
15. Rest of North America Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
16. Europe Remittance Market Revenue, By Type,2016–2025 (USD Billion)
17. Europe Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
18. Europe Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
19. Europe Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
20. U.K. Remittance Market Revenue, By Type,2016–2025 (USD Billion)
21. U.K. Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
22. U.K. Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
23. U.K. Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
24. France Remittance Market Revenue, By Type,2016–2025 (USD Billion)
25. France Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
26. France Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
27. France Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
28. Germany Remittance Market Revenue, By Type,2016–2025 (USD Billion)
29. Germany Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
30. Germany Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
31. Germany Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
32. Rest of Europe Remittance Market Revenue, By Type,2016–2025 (USD Billion)
33. Rest of Europe Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
34. Rest of Europe Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
35. Rest of Europe Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
36. Asia Pacific Remittance Market Revenue, By Type,2016–2025 (USD Billion)
37. Asia Pacific Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
38. Asia Pacific Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
39. Asia Pacific Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
40. China Remittance Market Revenue, By Type,2016–2025 (USD Billion)
41. China Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
42. China Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
43. China Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
44. Japan Remittance Market Revenue, By Type,2016–2025 (USD Billion)
45. Japan Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
46. Japan Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
47. Japan Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
48. India Remittance Market Revenue, By Type,2016–2025 (USD Billion)
49. India Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
50. India Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
51. India Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
52. Rest of Asia Pacific Remittance Market Revenue, By Type,2016–2025 (USD Billion)
53. Rest of Asia Pacific Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
54. Rest of Asia Pacific Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
55. Rest of Asia Pacific Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
56. Latin America Remittance Market Revenue, By Type,2016–2025 (USD Billion)
57. Latin America Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
58. Latin America Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
59. Latin America Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
60. Brazil Remittance Market Revenue, By Type,2016–2025 (USD Billion)
61. Brazil Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
62. Brazil Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
63. Brazil Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
64. Rest of Latin America Remittance Market Revenue, By Type,2016–2025 (USD Billion)
65. Rest of Latin America Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
66. Rest of Latin America Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
67. Rest of Latin America Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
68. The Middle East and Africa Remittance Market Revenue, By Type,2016–2025 (USD Billion)
69. The Middle East and Africa Remittance Market Revenue, By Platform, 2016–2025 (USD Billion)
70. The Middle East and Africa Remittance Market Revenue, By Channel, 2016–2025 (USD Billion)
71. The Middle East and Africa Remittance Market Revenue, By End User, 2016–2025 (USD Billion)
FrequentlyAsked Questions
A prominent rise in the migrant population and increase in the acceptance of banking & financial solutions will propel the business growth over the forecast timespan. Apart from this, minimization of money transfer service period and reduction in costs of remittance will spur the market growth trends. In addition to this, a rapid surge in the smartphone penetration along with an increase in the tech-savvy end-users choosing online remittance services is anticipated to pave a way for the growth of remittance industry over the forecasting timeline. Furthermore, increase in the digitization and payment automation will chart a profitable roadmap for the remittance industry over the years ahead. Additionally, inflation witnessed in the amount of migrants from emerging economies to developed ones for better job avenues will further define the market progression within the next couple of years.
According to Zion market research report, the global Remittance market, which was estimated at USD 796.74 Billion in 2023 and is predicted to accrue earnings worth USD 1334.69 Billion by 2032 is set to record a CAGR of nearly 5.9% over 2024-2032.
North America is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2024-2032 can be credited to humungous presence of key financial firms in the sub-continent along with the acceptance of major technologies that help in connecting with the end-users in the region. In addition to this, many persons migrate to the countries like the U.S. and Canada for jobs & education and this will further impel the business growth in the sub-continent over the forecast timeline. Apart from this, presence of key financial service & communication firms like Western Union and MoneyGram will provide new growth avenues for the market in the North American region over the assessment period.
The key players profiled in the report include Societe Generale, Absa Group Limited, MoneyGram International Inc., Western Union, Euronet Worldwide, The Kroger Co., Banco Bradesco, U.S. Bancorp, and Scotiabank.
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