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(I-SoftwareNews.Com, May 18, 2018 ) Global Remittance software market is expected to grow from US$ 1279.64 Mn in 2017 to US$ 3323.41 Mn by 2025 at a CAGR of 12.7% during the forecast period.
Remittance software is a money transfer software which provides online transfer of money by the use of, online portal, money transfer app, and mobile phone apps. In addition to this, the entry of mobile based money transfer online players has put the remittance market dynamics into an interesting situation. The banking industry had already established their own remittance system but lack of availability of these banks or their networks in the remote areas of developing countries has left large scopes for improvement in the remittance services industry. As a result, there has been a marked rise in the awareness amongst the masses about the various available modes for money transfers. The market for remittance software is highly fragmented market with the top ten companies accounting for approximately 20% of the market share.
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Remittance software market with detailed market segmentation. Also, it analyzes the current remittance software market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
Remittance software market APAC is largest adopter of remittance software, followed by North America and South America region. This is attributable to growing numbers of migrants across border and increasing technological trends is anticipated to be the fastest growing region in terms of remittance software market.
The report focuses on an in-depth segmentation of this market based by software, by deployment type, and by application. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further bifurcated by respective countries. By application segment personal remittance software accounted for the largest market share and highest market growth in 2017; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.
Rapidly growing economies in Asia-Pacific (APAC) with significant growth smartphone users and digitalization across countries will pave the path for increasing adoption and propel the market for remittance software market. The Asia-Pacific region is expected to lead the market with highest CAGR during the forecast period.
Some of the key players of remittance software market include Remit One Ltd., Remit Anywhere, FinCode Ltd., MTS, Girmiti Software Private Limited, Grey Systems, ControlBox Corp. NextGen Systems UK Limited, Fiserv, Inc., and Daemon Software among others.
List Companies
1. Remit One Ltd.
2. Remit Anywhere
3. FinCode Ltd.
4. MTS
5. Girmiti Software Private Limited
6. Grey Systems
7. ControlBox Corp
8. NextGen Systems UK Limited
9. Fiserv, Inc.
10. Daemon Software.
Reason to Buy
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the remittance software market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
5 Global Remittance Software Market – Key Industry Dynamics 38
5.1 Key Market Drivers 38
5.1.1 Proliferation in Adoption of Mobile App based Remittance Service 38
5.1.2 Increasing Number of Migrants 39
5.1.3 Decline in Remittance Cost 39
5.2 Key Market Restraints 40
5.2.1 Limited Money Distribution Methods 40
5.2.2 Cyber Security Concern 40
5.3 Key Market Opporunities 41
5.3.1 Emergence of New Technologies 41
5.3.2 Focusing on Customer Experience 41
5.4 Future Trends 41
5.4.1 Emerging Economies Gain More Prominence 42
5.5 Impact Analysis of Drivers and Restraints 43
6 Remittance Software Market – Global 44
6.1 Global Remittance Software Market Overview 44
6.2 Global Remittance Software Market Forecast and Analysis 45
7 Global Remittance Software Market Analysis – By Software 46
7.1 Overview 46
7.2 Web-Based Software 47
7.2.1 Overview 47
7.2.2 Global Web-Based Software Market Revenue and Forecasts to 2025 (US$ Mn) 47
7.3 Application Based Software 49
7.3.1 Overview 49
7.3.2 Global Application Based Software Market Revenue and Forecasts to 2025 (US$ Mn) 49
8 Global Remittance Software Market Analysis – By Deployment Type 51
8.1 Overview 51
8.2 On-Premise Deployment Type 52
8.2.1 Overview 52
8.2.2 Global On-Premise Deployment Market Revenue and Forecasts to 2025 (US$ Mn) 52
8.3 Cloud Deployment Type 53
8.3.1 Overview 53
8.3.2 Global Cloud Deployment Market Revenue and Forecasts to 2025 (US$ Mn) 53
9 Global Remittance Software Market Analysis – By Application 55
9.1 Overview 55
9.2 Personal Remittance Software 56
9.2.1 Overview 56
9.2.2 Global Personal Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 56
9.3 Business Remittance Software 57
9.3.1 Overview 57
9.3.2 Global Business Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 57
9.4 Public Remittance Software 58
9.4.1 Overview 58
9.4.2 Global Public Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 58
10 Global Remittance Software Market – Geographical Analysis 59
10.1 Overview 59
10.2 North America Remittance Software Market Revenue and Forecasts to 2025 60
10.2.1 Overview 60
10.2.2 North America Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 61
10.2.3 North America Remittance Software Market Breakdown by Key Countries 62
10.2.3.1 U.S. Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 63
10.2.3.2 Canada Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 64
10.2.3.3 Mexico Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 65
10.2.4 North America Remittance Software Market Breakdown by Software 66
10.2.5 North America Remittance Software Market Breakdown by Deployment Type 67
10.2.6 North America Remittance Software Market Breakdown by Application 68
10.3 Europe Remittance Software Market Revenue and Forecasts to 2025 70
10.3.1 Overview 70
10.3.2 Europe Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 71
10.3.3 Europe Remittance Software Market Breakdown by Key Countries 72
10.3.3.1 France Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 73
10.3.3.2 Germany Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 74
10.3.3.3 Italy Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 75
10.3.3.4 Spain Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 76
10.3.3.5 UK Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 77
10.3.3.6 Rest of Europe Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 78
10.3.4 Europe Remittance Software Market Breakdown by Software 79
10.3.5 Europe Remittance Software Market Breakdown by Deployment Type 80
10.3.6 Europe Remittance Software Market Breakdown by Application 81
10.4 Asia Pacific (APAC) Remittance Software Market Revenue and Forecasts to 2025 83
10.4.1 Overview 83
10.4.2 Asia Pacific Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 84
10.4.3 Asia Pacific Remittance Software Market Breakdown by Key Countries 85
10.4.3.1 Japan Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 86
10.4.3.2 China Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 87
10.4.3.3 India Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 88
10.4.3.4 Australia Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 89
10.4.3.5 Rest of APAC Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 90
10.4.4 Asia Pacific Remittance Software Market Breakdown by Software 91
10.4.5 Asia Pacific Remittance Software Market Breakdown by Deployment Type 92
10.4.6 Asia Pacific Remittance Software Market Breakdown by Application 93
10.5 Middle East & Africa (MEA) Remittance Software Market Revenue and Forecasts to 2025 95
10.5.1 Overview 95
10.5.2 Middle East & Africa Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 96
10.5.3 Middle East & Africa Remittance Software Market Breakdown by Key Countries 97
10.5.3.1 Saudi Arabia Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 98
10.5.3.2 UAE Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 99
10.5.3.3 South Africa Remittance Software Market Revenue and Forecasts to 2025 (US$ Mn) 100
10.5.4 Middle East and Africa Remittance Software Market Breakdown by Software 101
10.5.5 Middle East and Africa Remittance Software Market Breakdown by Deployment Type 102
10.5.6 Middle East and Africa Remittance Software Market Breakdown by Application 103
10.6 South America Remittance Software Market Revenue and Forecasts to 2025 10
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The Insight Partners
Sameer Joshi
+91 9666111581
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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