Global Remittance Market Report: 2014 Edition – New Report by Koncept Analytics

DELHI, India - Dec. 18, 2014 - PRLog -- The growth of the remittance market is strongly driven by growing international migration as the people migrate chiefly with the focus of sending their earnings to their families back home.In 2013, international migrants comprised about 3.2% of the world population, compared to 2.9% in 1990. International migrants signify a huge customer base for the worldwide remittance industry. Over US$160 billion have reached rural families in developing countries. Driven to various socio-political and economic factors, the same is expected to steadily grow in the near future. This is further anticipated to prove instrumental in the growth of the global remittance market.

As per the report “Global Remittance Report: 2014 Edition” by Koncept Analytics,apart from unceasing increasing migrant population, other factors which are providing the immense growth opportunities for global remittance marketinclude rising employed and urban population and ameliorating global economic development. Some of the noteworthy developments of this industry include unstable remittance cost, the impact of remittance on health, education and poverty, wide portfolio of remittance services and correlation between remittance and foreign exchange rates. Also, the number of electronic payment service providers that offer over-the-counter-payments, mobile moneypayment and payment cards have increased rapidly.

Remittance channel is collectively comprised of a sender, a recipient, intermediaries in both countries and the payment interface used by the intermediaries. The remittance system encompasses the following components: Remittance Service Providers (RSP), Remittance Corridors, Remittance Network and Money Transfer System. Remittance services are divided primarily on the basis of ways a network of access points is created and linked. There are broadly four categories: unilateral services, franchised services, negotiated services and open services.

It encompasses detailed description of a number of factors driving the industry coupled with recent trends and challenges hindering the growth of the industry. The report includes in-depth analysis of fierce competition among the major players on a number of parameters. In addition, competitive landscape in the global market is discussed in detail among the major players. By deploying SPSS Inc.’s data integration and analysis capabilities, future growth prediction in terms of global remittance inflow has also been analyzed in the report.

List of Charts

Account-Based Model
Basic Non-Account Based Model
Value Chain: Remittance Industry
Global Remittance Inflow (2007-2014E)
Global Remittance Outflow (2007-2013)
Remittance Flow to Low Income Countries (2009-2015E)
Remittance Flow to Middle Income Countries (2009-2015E)
Remittance Flow to High Income Countries (2009-2015E)
Remittance Flow to Developing Countries (2009-2015E)
Remittance Flow to East Asia and Pacific Region (2009-2015E)
Remittance Flow to Europe and Central Asia Region (2009-2015E)
Percentage Change in Remittance Outflows from Western Europe (2007—2013)
Percentage Change in Remittance Inflows to Eastern Europe (2007-2013)
Remittance Flow to Latin America & Caribbean Region (2009-2015E)
Remittance Flow to Middle East and Africa Region (2009-2015E)
Remittance Flow to South Asia Region (2009-2015E)
Remittance Flow to Sub Saharan Africa (2009-2015E)
Top 10 Recipients of Migrant Remittances (2014E)
Top 10 Recipients of Migrant Remittances as % of GDP (2013)
Remittance Flows in India (2007-2013)
Remittance Flows in China (2007-2013)
Remittance Inflow in Philippines (2007-2014E)
Remittance Inflow in Mexico (2007-2014E)
Distribution of Remittances by Channel (Jan 2013- Oct 2013)
Remittance Flows in the US (2007-2013)
Remittance Flows in Russian Federation (2007-2013)
Remittance Outflow from Saudi Arabia (2007-2013)
Remittance Outflow from Top 3 European Countries (2007-2013)
International Migrants Population (1990-2013)
Top 10 Countries of Destination (2013)
Breakdown of Forced Migration (2013)
Global GDP (2006-2013)
World GDP per Capita (2006-2013)
Global Employed Population (2002-2013E)
Global Urban Population (2007-2013)
Exchange Rate of Indian Rupee against US$ (Q111-Q314)
Exchange Rate of Mexican Peso against US$ (Q111-Q314)
Exchange Rate of Philippine Peso against US$ (Q111-Q314)
Global Weighted Average for Sending US$200 (2008-Q314)
Average Cost of Remitting from G20 Countries (Q314)
Average Cost by Remittance Service (Q314)
Availability of Product Type (Q314)
Number of RSPs in Common Sending Countries (Q413)
Cost for Sending US$200 (2008-Q314)
Western Union’s Revenue by Business Segments (2013)
Western Union’s Revenue and Net Income (2009-2013)
MoneyGram’s Revenue Share by Business Segments (2013)
MoneyGram’s Revenue and Net Income (2009-2013)
Euronet’s Revenue Share by Business Segments (2013)
Euronet’s Revenue and Net Income (2009-2013)
Global Remittance Inflow Forecast (2011-2018F)

List of Tables

International Migration Stock by Region (1990-2013)
Transfer Mechanism Offered by Major Money Transfer Organizations
Dependent & Independent Variables (2007-2013)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output

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Koncept Analytics is a market research company. We are in the field of Market Research from last 10 Years. We do research in telecommunication, healthcare, pharmaceutical, financial services, energy, technology, real estate, logistics, food & beverages and media sectors. For more information:

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