Japanese Remittance Market to Reach $29.83 Billion by 2027 at a CAGR of 6.05% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Japan Remittance Market (2022-2027) by Appliance, Channel, Type, End User, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

Japan’s Remittance Market is estimated to be USD 22.24 Bn in 2022 and is expected to reach USD 29.83 Bn by 2027, growing at a CAGR of 6.05%.

Market Segmentation

• Japan’s Remittance Market is segmented based on Appliance, Channel, Type, and End User.
• Appliance, the market is classified into Consumption, Saving, and Investment.
• Channel, the market is classified into Life-Time Coverage, and Term Insurance.
• Type, the market is classified into Inward Digital Remittance, and Outward Digital Remittance.
• End User, the market is classified into Business and Personal.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies’ recent development and competitive scenario. Some of the companies covered in this report are Azimo Ltd, MoneyGram International Inc., TransferGo Ltd., Western Union Holdings Inc., Wise Payments Limited, Xoom Corporation(PayPal), etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for Japan’s Remittance Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses Japan’s Remittance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics

4.1 Drivers

4.1.1 Shift in Flows From Cash to Digital and From Informal to Formal Channels

4.1.2 Rise in Cross-Border Transactions

4.1.3 Increase in Mobile-Based Payment and Internet Banking Channels

4.1.4 Reduced Remittance Cost & Transfer Time

4.2 Restraints

4.2.1 Issues Related to Big Inflows of Remittances

4.3 Opportunities

4.3.1 Growing Significance as a Source of External Financing

4.3.2 Technological Innovations in Digital Remittance

4.4 Challenges

4.4.1 Rise in Number of Financial Frauds

5 Market Analysis

5.1 Regulatory Scenario

5.2 Porter’s Five Forces Analysis

5.3 Impact of COVID-19

5.4 Ansoff Matrix Analysis

6 Japan’s Remittance Market, By Appliance

6.1 Introduction

6.2 Consumption

6.3 Saving

6.4 Investment

7 Japan’s Remittance Market, By Channel

7.1 Introduction

7.2 Life-Time Coverage

7.3 Term Insurance

8 Japan’s Remittance Market, By Type

8.1 Introduction

8.2 Inward Digital Remittance

8.3 Outward Digital Remittance

9 Japan’s Remittance Market, By End User

9.1 Introduction

9.2 Business

9.3 Personal

10 Competitive Landscape

10.1 Competitive Quadrant

10.2 Market Share Analysis

10.3 Strategic Initiatives

10.3.1 M&A and Investments

10.3.2 Partnerships and Collaborations

10.3.3 Product Developments and Improvements

Companies Mentioned

• Azimo Ltd.
• Bank Of America
• Citigroup, Inc.
• Digital Wallet Corporation
• HDFC Bank Ltd (Remitnow)
• JPMorgan Chase & Co.
• MoneyGram International Inc.
• Remitr Payments
• Ria Financial Services Ltd.
• TransferGo Ltd.
• UAE Exchange
• U.S. Bank
• Wells Fargo
• Western Union Holdings Inc.
• Wise Payments Limited
• Xoom Corporation(PayPal)

For more information about this report visit https://www.researchandmarkets.com/r/35o6gp

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