DUBLIN–(BUSINESS WIRE)–The “United States 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.
An in-depth analysis of the United States international remittance market uncovers valuable insights into the transaction value, volume, and consumer demographics associated with both inbound and outbound transfers. The comprehensive report, newly added to our industry-leading research offerings, explores the current trends and future prospects of the market.
Inbound Remittance: A Steady Increase in Market Size
Highlighted within the report is the discernible growth in the U.S. inbound remittance market, registering a 1.5% increase during 2022, amounting to US$ 7.07 billion in 2023. Expected to maintain a consistent upward trajectory, the market size is anticipated to witness a Compound Annual Growth Rate (CAGR) of 1.2% over the forecast period, culminating in a market size of US$ 7.52 billion by 2028.
Outbound Remittance: A Significant Rise
Contrastingly, the analysis details a more pronounced surge in the U.S. international outbound remittance sector, observing a 5.0% growth during 2022 with projections reaching US$ 79.15 billion in 2023. With a forecasted CAGR of 4.1%, this segment of the market is set to escalate from US$ 75.38 billion in 2022 to an impressive US$ 96.76 billion by 2028.
The report doubles as a strategic resource, offering actionable insights for businesses and investors active in the remittance sector. It leverages advanced analytics and adheres to industry best practices to deliver accurate projections. With a forward-looking approach, stakeholders in the U.S. remittance market are provided with the tools to forecast future growth and navigate the market effectively.
This recent analysis serves as a critical instrument for anyone seeking to explore the dynamics of the U.S. remittance market and to harness potential business and investment opportunities within this evolving financial landscape.
Key Highlights of the Market Report
- Exclusive data on the international inbound and outbound remittance markets in the U.S., covering transaction values and volumes.
- Insights into the average value per transaction, providing a nuanced understanding of remittance behaviors.
- Comprehensive profiles of market participants with a focus on market shares and competitive landscape analyses.
- Dissection of remittance channels, including digital, mobile, and non-digital platforms, providing a holistic view of the market’s operation.
- Detailed segmentations that outline consumer characteristics, such as age, income, and occupation of both senders and beneficiaries.
- Intricate flow analysis tracking the movement of remittances from country to state/region and state/region to country.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 130 |
| Forecast Period | 2023 – 2028 |
| Estimated Market Value (USD) in 2023 | $7.1 Billion |
| Forecasted Market Value (USD) by 2028 | $7.5 Billion |
| Compound Annual Growth Rate | 1.2% |
| Regions Covered | United States |
For more information about this report visit https://www.researchandmarkets.com/r/hega6x
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