Global Remittance Market Report: 2015 Edition - New Report by Koncept Analytics

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Global Remittance Market Report
----------------------------------------- 2015
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• Executive Summary
• Remittance is defined as transfer of money by an
  individual residing in foreign country to his/her
  home country. The monetary fund transferred by
  foreign migrants to their homes represents second
  largest financial inflow to the respective
  nation. Remittance channel is collectively
  comprised of a sender, a recipient,
  intermediaries in both countries, and the payment
  interface used by the intermediaries. In order to
  ensure greatest security during any money
  transfer transaction, certain international
  standards have been set by the World Bank. The
  remittance system encompasses the following
  components Remittance Service Providers (RSP),
  Remittance Corridors, and Remittance Network and,
  Money Transfer System. Remittances are playing an
  increasingly large role in the economies of many
  countries. They contribute to economic growth and
  to the livelihoods of less prosperous people.
• The key factors driving the growth of the global
  remittance market are growing urbanization,
  accelerating economic growth, rising employment
  population and rapidly increasing international
  migrant population. Some of the noteworthy trends
  and developments of this industry are sustainable
  development goals and financing for development,
  expanding existing payment system infrastructure
  for remittances, unstable remittance cost, the
  impact of remittance on health, education and
  poverty, wide portfolio of remittance services
  and electronic transactions on the rise. However,
  the expansion of global remittance market is
  hindered by strict regulatory compliances and
  access points establishment.
• The report Global Remittance Market provides an
  in-depth analysis of the global market along with
  a focus on all major regions. The major trends,
  growth drivers as well as issues being faced by
  the industry are being presented in this report.
  The major players in the industry, Western Union
  Company, MoneyGram International Inc. (MGI) and
  Euronet Worldwide Inc. are being profiled.
• By combining SPSS Inc.s data integration and
  analysis capabilities with our relevant findings,
  we have predicted the future growth of the
  industry. We employed various significant
  variables that have an impact on this industry
  and created regression models with SPSS Base to
  determine the future direction of the industry.
  Before deploying the regression model, the
  relationship between several independent or
  predictor variables and the dependent variable
  was analyzed using standard SPSS output,
  including charts, tables and tests.

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Growing migrant population and rising employed
population are driving the remittance market..
Global Remittance Inflow (2008-2015E)

• The global remittance inflow increased from
  US... billion in 2013 to US... billion in 2014,
  representing a growth of . The same registered
  a CAGR of during the period of 2008-2014.
• In 2014, the global remittance outflow was
  recorded at US... billion, as compared to US...
  billion in 2013, showing an incline of . The
  same registered at a CAGR of during the period
  of 2008-2014.
• The cost of sending remittances by region in Q4
  2015, beginning with the most expensive, were
  for Sub-Saharan Africa (SSA), for East Asia
  and Pacific Region (EAP), for Middle East and
  North Africa (MNA) region, for the Eastern
  Europe and Central Asia (ECA) region, for the
  Latin America and Caribbean (LCA) region and
  for South Asia Region (SAR).

Global Remittance Outflow (2008-2014)
Global Average Remittance Cost by Region
(Q12013-Q42015)
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The growth is primarily driven by urban
population, increasing international migration
and rising employed population..
Remittance Flow to Low Income Countries
(2008-2015E)

• As of 2014, the remittance inflow to the low
  income group was recorded at US... billion, up
  by , as compared to US... billion in 2013.
• The remittance inflow to the middle income
  countries increased to US... billion in 2014, as
  compared to US... billion in 2013, representing
  an incline of and is estimated to increase at
  a rate of to US... billion by the end of
  2015.
• The remittance inflow to high income countries
  was reported at US... billion in 2014, as
  compared to US... billion in 2013, showing an
  incline of .

Remittance Flow to Middle Income Countries
(2008-2015E)
Remittance Flow to High Income Countries
(2008-2015E)
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Rapid increase in international migrant
population and global GDP will drive the
remittance market
Global Remittance Inflow (2005-2015E)

• With increasing GDP and growing urbanization,
  demand for remittance flow is increasing at a
  very fast pace.
• The global remittance inflow is poised to grow at
  a compounded annual growth rate of from US...
  billion in 2014 to US... in 2018.
• The future growth of remittance inflow would
  mainly be driven by rising international migrant
  population, improving employment scenario and
  global GDP.

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These are abridged and sanitized sample pages
from the comprehensive report on the Global
Remittance Market . To know more about this
report or for any customized research
requirement, please contact the following
Koncept Analytics CS-36, Second Floor, Ansal
Plaza Vaishali, Ghaziabad, U.P. 201010 T.
91-120-4130959 C 91-9811715635
vikas_at_konceptanalytics.com
Vikas Gupta BD Manager
www.konceptanalytics.com