Dublin, Dec. 11, 2023 (GLOBE NEWSWIRE) -- The "United Kingdom International Remittance Market Business and Investment Opportunities - Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics - Q2 2023" report has been added to ResearchAndMarkets.com's offering.
The UK international inbound remittance market has increased at 7.0% during 2022 to reach US$ 3.87 billion in 2023. Over the forecast period (2023-2028), market size is expected to record a CAGR of 6%, increasing from US$ 3.62 billion in 2022 to reach US$ 5.19 billion by 2028.
The international outbound remittance market in United Kingdom has increased at 2.7% during 2022 to reach US$ 10.76 billion in 2023. Over the forecast period (2023-2028), market size is expected to record a CAGR of 2.2%, increasing from US$ 10.48 billion in 2022 to reach US$ 12.02 billion by 2028.
This report provides a comprehensive analysis of the international inbound and outbound remittance market in United Kingdom. It covers the market opportunity by transaction value, transaction volume, average value per transaction, key market players, market opportunity by channel, consumer profile, and by sending/receiving countries.
Key Report Highlights
- Comprehensive and Up-to-Date Information: The report provides comprehensive and up-to-date information on the United Kingdom international inbound and outbound remittance market, including market size, growth trends, transaction value, transaction volume, average value per transaction, and market share analysis by transfer channel, consumer demographics, and key countries.
- Understand Competitive Landscape: Get a high-level view of competitive landscape through market share data on key players in the market.
- Actionable Insights for Businesses and Investors: The report provides data centric analysis for businesses and investors operating in the United Kingdom remittance market. It helps them identify new opportunities, assess risks, and make informed business decisions.
- Forecasts for Future Market Growth: The report provides forecasts for future market growth, enabling businesses and investors to plan and strategize effectively.
Report Scope
International Inbound Market Opportunity Trend Analysis in United Kingdom
- By Transaction Value
- By Transaction Volume
- By Average Value Per Transaction
Market Share of Key Players in United Kingdom
International Inbound Market Opportunity Trend Analysis by Channel in United Kingdom
- Digital (transaction value, transaction volume, average value per transaction)
- Mobile (transaction value, transaction volume, average value per transaction)
- Non-Digital (transaction value, transaction volume, average value per transaction)
International Inbound Remittance Analysis of Consumer Profile in United Kingdom
- Analysis by age group of senders
- Analysis by income of senders
- Analysis by occupation of senders
- Analysis by occupation of beneficiaries
- Analysis by purpose
International Inbound Remittance Flow Analysis (Country to State/Region) in United Kingdom
- Market opportunity by key sending countries (transaction value, transaction volume, average value per transaction)
- Market share by transfer channel by key state/regions
International Outbound Market Opportunity Trend Analysis in United Kingdom
- By Transaction Value
- By Transaction Volume
- By Average Value Per Transaction
International Outbound Market Opportunity Trend Analysis by Channel in United Kingdom
- Digital (transaction value, transaction volume, average value per transaction)
- Mobile (transaction value, transaction volume, average value per transaction)
- Non-Digital (transaction value, transaction volume, average value per transaction)
International Outbound Remittance Analysis of Consumer Profile in United Kingdom
- Analysis by age group of senders
- Analysis by income of sender
- Analysis by occupation of sender
- Analysis by occupation of beneficiaries
- Analysis by purpose
International Outbound Remittance Flow Analysis (State/Region to Country) in United Kingdom
- Market opportunity by key sending countries (transaction value, transaction volume, average value per transaction)
- Market share by transfer channel by key state/regions
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 130 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $3.9 Billion |
| Forecasted Market Value (USD) by 2028 | $5.2 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | United Kingdom |
For more information about this report visit https://www.researchandmarkets.com/r/gi8l9a
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