Canada International Remittance Business Report 2023: International Outbound Remittance has Increased at 1.7% During 2022 to Reach $8.31 Billion in 2023 - Forecast to 2028

News provided by

Jan 15, 2024, 12:15 ET

DUBLIN, Jan. 15, 2024 /PRNewswire/ -- The "Canada 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 international inbound remittance market in Canada has increased at 1.9% during 2022 to reach US$859.8 million in 2023. Over the forecast period (2023-2028), market size is expected to record a CAGR of 1.6%, increasing from US$843.5 million in 2022 to reach US$932.4 million by 2028.

According to the publisher, the international outbound remittance market in Canada has increased at 1.7% during 2022 to reach US$ 8.31 billion in 2023. Over the forecast period (2023-2028), market size is expected to record a CAGR of 1.4%, increasing from US$ 8.17 billion in 2022 to reach US$ 8.89 billion by 2028.

This report provides a comprehensive analysis of the international inbound and outbound remittance market in Canada. 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.

Reasons to buy

Comprehensive and Up-to-Date Information: The report provides comprehensive and up-to-date information on the Canada 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 Canada 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.

Scope

International Inbound Market Opportunity Trend Analysis in Canada

By Transaction Value
By Transaction Volume
By Average Value Per Transaction

Market Share of Key Players in Canada

International Inbound Market Opportunity Trend Analysis by Channel in Canada

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 Canada

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 Canada

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 Canada

By Transaction Value
By Transaction Volume
By Average Value Per Transaction

International Outbound Market Opportunity Trend Analysis by Channel in Canada

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 Canada

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 Canada

Market opportunity by key sending countries (transaction value, transaction volume, average value per transaction)
Market share by transfer channel by key state/regions

For more information about this report visit https://www.researchandmarkets.com/r/32ct56

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets