The Global Remittance Market Report: 2015 Edition is an industry research of 60 pages published in January 2016, which reviews MoneyGram International, Inc., The Western Union Company & Euronet Worldwide, Inc. 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. Complete report available at — http://www.marketreportsonline.com/440677.html.
The global remittance market has been consistently increasing over the past couple of years due to increase in employment and incomes of migrants drawn by booming economies in the OECD (Organization for Economic Co-operation and Development) and non-OECD high income countries. In line with the expected global economic recovery in 2016, the global flows of remittances are expected to accelerate in coming years. Remittances remain a key source of funds for developing countries, far exceeding official development assistance and even foreign direct investment (excluding China) and have proved to be more stable than private debt and portfolio equity flows.
As per the report “Global Remittance Market: 2015 Edition” by Koncept Analytics, the demand for remittance will be driven by 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 the global remittance market is hindered by strict regulatory compliances and access point’s establishment.
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Company Coverage of Remittance Market: MoneyGram International, Inc., The Western Union Company & Euronet Worldwide, Inc.
The remittance market report presents an in-depth analysis of the global market along with a focus on all major regions. A thorough analysis has been conducted on key market players covering their business overview, product portfolio, financial overview and business strategies.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the remittance market. 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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Few Points From List of Tables and Charts:
List of Tables
Top 10 Domestic Bank Remittances and Implied Bank Share of the US Remittance Market (2014)
Dependent & Independent Variables (2009–2014)
Model Summary – Coefficient of Determination
Regression Coefficients Output
List of Charts
Basic Non-Account Based Model
Value Chain: Remittance Industry
Global Remittance Inflow (2008-2015E)
Global Remittance Outflow (2008-2014)
Global Average Cost by Remittance Service Provider (Q113-Q415)
Global Average Remittance Cost by Region (Q12013-Q42015)
Remittance Flow to Low Income Countries (2008-2015E)
Remittance Flow to Middle Income Countries (2008-2015E)
Remittance Flow to High Income Countries (2008-2015E)
Remittance Flow to Developing Countries (2008-2015E)
Remittance Flow to East Asia and Pacific Region (2008-2015E)
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Release ID: 100991