Belgium's international remittance market
DUBLIN, April 12, 2024 (GLOBE NEWSWIRE) — “Belgium International Remittance Market Business and Investment Opportunities – Analysis with Transaction Value and Volume, Remittances to and from Key Countries, Consumer Statistics – 2024 “Q1” report added to ResearchAndMarkets.com Recruitment.
Belgium's international remittance market showed sustained growth, with the inbound remittance sector increasing by 3.3%, reaching a total of USD 14.66 billion in 2024. The market is expected to continue its growth trajectory at a compound annual growth rate (CAGR). Similarly, the international remittance market is expected to grow by 3.8% during 2023, showing a strong upward trend and expanding to USD 9.16 billion by the end of the year. Forecast period 2028.
A comprehensive analysis of Belgium's international remittance landscape reveals important insights into the current status and future prospects of the sector. This includes a nuanced look at transaction value and volume, average value per transaction, and extensive profiling of consumer demographics. The report categorizes the market into digital, mobile, and non-digital channels and provides a detailed outlook on the performance and potential of each segment.
consumer insights
A thorough investigation of consumer profiles in the Belgian remittance market reveals key attributes of senders and beneficiaries, such as age group, income level, occupation, and the underlying purpose of the remittance transaction. This can provide stakeholders with a valuable understanding of who the primary users of remittance services are.
geographic dynamics
The report maps the main remittance countries to provinces or regions within Belgium, detailing the dynamics of remittance flows. In addition to analyzing transaction values and volumes, it also provides insights into the market share held by different remittance channels, revealing preferences and behaviors of remittance senders and remittance recipients.
strategic opportunity
For companies and investors operating or considering entering the Belgian remittance market, the findings of this report provide actionable insights. With data-driven analysis, this report highlights potential opportunities and provides market participants with the information they need to make strategic decisions and gain an advantage in the competitive environment.
Future prospects
Market forecasts allow businesses and investors to strategically plan for the future growth of the Belgian remittance market. Comprehensive analysis serves as a guide to future trends and growth patterns, helping you develop informed, data-backed business strategies.
This report identifies the Belgian international remittance market as a uniquely poised sector characterized by its steady growth and vast future potential. As the market navigates the evolving financial landscape, the insights within the report are designed to support stakeholders in maximizing the market's potential and contributing to sustained success. Masu.
Key attributes:
|
report attributes |
detail |
|
number of pages |
130 |
|
Forecast period |
2024 – 2028 |
|
Estimated market value in 2024 (USD) |
$14.7 billion |
|
Projected market value to 2028 (USD) |
$15.5 billion |
|
compound annual growth rate |
1.4% |
|
Target area |
Belgium |
For more information on this report, please visit https://www.researchandmarkets.com/r/dekz85.
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