Sci-Tech

Remittance Software Market by Top Manufacturers – Remit One Ltd., Remit Anywhere, FinCode Ltd., MTS, Girmiti Software Private Limited, Grey Systems

Press Release

Remittance Software market is expected to grow US$ 3323.41 Mn by 2025 from US$ 1279.64 Mn in 2017. Cloud deployment model expected to continue its dominance as well as currently almost 61% of the Remittance Software deployments are on cloud. Cloud models are most preferred by large organizations to store, manage and share efficiently the critical and sensitive data. Lesser investments and easy integration with the systems have made the adoption of cloud deployment model more attractive among large enterprises.

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Top Market Players: 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.

Key trend which will predominantly affect the market in coming year is remittance software market is rising due to increasing number of migrants across the globe and smartphones penetration in developing countries. The needs and wants of customer increase each passing day modernization and innovation in traditionally used methods for remittance took place for gaining customer retention and loyalty. The companies that survive in the ecosystem would be on account of innovations and to support the digital workplace. The Remittance Software vendors would be classified in a broader category and be acquired by players who want to add remittance software as feature to their larger platform of technology. In addition to this, the market is highly fragmented market with the top ten companies accounting for approximately 20% of the market share. Less entry barriers to enter the business has favored the influx of many small companies into this business. The existing business models that were the brick-and-mortar stores are anticipated to face huge pressures from digital modes of money transfer. Also, the market saturations in the advanced countries of the world would lead to players tapping opportunities in the Sub-Saharan African regions as well as some of the developing Asian economies.

Remittance Software market by application is segmented into personal remittance software, business remittance software, and public remittance software. The propagation of smart phone across the globe and reduction in remittance cost in recent years are some of the trends contributing to the emerging remittance software market. Almost all the industry verticals are increasingly demanding remittance software capabilities that is less time-consuming mode for money transfer and secured.

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview was conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the remittance software industry.

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Table of Contents

Chapter 1: Introduction

Chapter 2: Global Remittance Software Market – Key Takeaways

Chapter 3: Global Remittance Software Market – Market Landscape

Chapter 4: Global Remittance Software Market – Key Market Dynamics

Chapter 5: Remittance Software Market – Global Analysis

Chapter 6: Remittance Software Market – Global Regulatory Scenario

Chapter 7: Global Remittance Software Market Analysis– By Type

Chapter 8: Global Remittance Software Market Analysis– By Application

Chapter 9: Global Remittance Software Market Analysis– By End User

Chapter 10: North America Remittance Software Market Revenue and Forecasts To 2025

Chapter 11: Europe Remittance Software Market Revenue and Forecasts To 2025

Chapter 12: Asia-Pacific Remittance Software Market Revenue and Forecasts To 2025

Chapter 13: Middle East & Africa Remittance Software Market Revenue and Forecasts To 2025

Chapter 14: South and Central America Remittance Software Market Revenue and Forecasts To 2025

Chapter 15: Remittance Software Market –Industry Landscape

Chapter 16: Remittance Software Market – Key Company Profiles

Chapter 17: Appendix

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