Germany Remittance Market Outlook to 2027F
By Flow Type (Inbound and Outbound), by Application (Consumptions, Savings, Investments), and By Channels Used (Banking Channel, MTOs, M-Wallets and Others)
January 2023
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About the Report
About the Report
The report provides a comprehensive analysis of the potential of the Remittance Market in Germany. The report covers an overview and genesis of the industry, market size in terms of transaction volume.
The Germany Remittance Market segmentations include by flow type, by applications and by channels used; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Germany Remittance Market is forecasted to grow at a robust CAGR in the period of 2022P-2027F, owing to the increased internet and smartphone penetration, rising digital platforms for fund transfer and government initiatives.
- The increase in adoption of banking and financial services and the growing penetration rate of the internet and smartphones are driving more and more people to switch to digital platforms for fund transfer.
- The inbound remittance market is dominated by branch pick-ups and mobile & online transactions equally followed by prepaid cards in terms of remittance transaction volume.
Key Trends by Market Segment:
By Flow Type: Germany's outgoing flow corridor was shown to be significantly larger than the influx that was seen there in 2022 in terms of the international remittance flow. Due to the outflow of remittances from Germany to other nations, outbound remittances have made up a sizeable share of the total number of transactions in the international remittance market.
By Channels Used: Banking channels in Germany controlled the remittance market. People have begun using digital platforms, and the industry is seeing growth as a result of the digitization of society and the widespread use of the internet and smartphones.
Competitive Landscape
In Germany Remittance Market there are about ~ players operating in the overall market, and top ~ players accounted ~% share in the market in terms of revenue. The major parameters on which these players complete includes Exchange Rate, Locations Served, Transfer Speed, Transparency in Costs and many more.
Future Outlook
The Germany Remittance Market is projected to show a significant growth of CAGR ~% in the forecasted period of 2022P-2027F, with increased internet and smartphone penetration, rising digital platforms for fund transfer and government initiatives.
Scope Of The Report
Scope of the Report
Its market segmentation includes by international remittance flow corridor (by inbound countries, by outbound countries and by point of contact), by domestic remittance flow corridor and by channels used.
|
By Flow Type |
Inbound Outbound |
|
By Application |
Savings Investments Consumptions |
|
By Channels Used (Value of Transactions) |
Banking Channel MTOs M-Wallets Digital Platforms Others |
Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Banks
- Money Transfer Operators
- Digital Payment Companies
- M-Wallet Companies
- Bills Payments Companies
- Investors & Venture Capital Firms
- Government Bodies
- Mobile Money Companies
Time Period Captured in the Report
- Historical Period: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2022P-2027F
Companies
Major Players
- HSBC Bank
- Lloyds Bank
- Barclays Plc
- BNP Paribas
- Barclays Plc
- Deutsche Bank
- Credit Agricole
- BBVA Dinero Express
- Unicredit Banca
Table of Contents
Table of Contents
1. Executive Summary
2. Germany Remittance Market Overview
2.1 Taxonomy of Germany Remittance Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for Germany Remittance Market
2.5 Growth Drivers of Germany Remittance Market
2.6 Issues and Challenges of Germany Remittance Market
2.7 Impact of COVID-19 on Germany Remittance Market
2.8 SWOT Analysis
3. Germany Remittance Market Size, 2017 – 2022
4. Germany Remittance Market Segmentation
4.1 By Distribution Channel, 2017 - 2022
4.2 By End-User, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 - 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 - 7 Major Players)
5.3.1 HSBC Bank
5.3.2 Lloyds Bank
5.3.3 Barclays Plc
5.3.4 BNP Paribas
5.3.5 Barclays Plc
5.3.6 Deutsche Bank
5.3.7 Credit Agricole
6. Germany Remittance Future Market Size, 2022 – 2027
7. Germany Remittance Future Market Segmentation
7.1 By Distribution Channel, 2022 - 2027
7.2 By End-User, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Research Methodology
Step 1: Identifying Key Variables:
Our team will initially create an ecosystem for all the entities in the Remittance Market that are providing Remittance and fund transfer services in Germany Market.
Step 2: Market Building:
In the next step, we have referred to multiple secondary and proprietary databases to perform deck research around the market and collate industry-level information to create an initial level hypothesis. We will also explore company-level info by referring press releases, annual reports, financial statements, and other documents to understand basic information about the companies and market level.
Step 3: Validating and Finalizing:
Later our team will conduct a series of Interviews with multiple C-Level Executive and other stakeholders belonging to different companies to confirm the market hypothesis, validate statistics and seek operational and financial information from company representatives.
Step 4: Research Output:
Furthermore, to validate this data our team will pitch each company as a potential customer through a mystery shopping exercise and will confirm the operational and financial performance of Germany Remittance Market Entities which have been shared by company executives and available on secondary databases. We will be conducting another set of CATIs with the respective entities to understand customer behaviour, channel preference, and other factors. We will also assess customer analysis in terms of their preferences and pain points.
Frequently Asked Questions
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Germany Remittance Market is covered from 2017–2027 in this report, including a forecast for 2022P-2027F.
02 What are the Key Factors Driving the Germany Remittance Market?
Increased internet and smartphone penetration, rising digital platforms for fund transfer and government initiatives.
03 What is the Future Growth Rate of the Germany Remittance Market?
The Germany Remittance Market is expected to witness a CAGR of ~% over the next five years.
04 Who are the Key Players in the Germany Remittance Market?
HSBC, Deutsche Bank and Barclays Plc are the key players in the Germany Remittance Market.
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