Foreign Exchange Services Market Size- By Services, By Providers, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Description

Introduction and Overview

According to SPER Market Research, 'Foreign Exchange Services Market Size- By Services, By Providers, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Foreign Exchange Services Market is predicted to reach USD 21.44 billion by 2033 with a CAGR of 8.53%.

Foreign exchange services refer to a range of financial services provided by banks, currency exchange providers, and other financial institutions to facilitate the conversion of one currency into another. These services include currency exchange, international money transfers, hedging against currency fluctuations, and other related transactions in the foreign exchange market. Foreign exchange services enable individuals, businesses, and institutions to conduct international trade, manage currency risks, and engage in foreign investment activities.

the COVID-19 pandemic has brought significant changes to the global foreign exchange services market. Providers adapted to remote work and accelerated digital transformation to maintain operations and serve clients amidst lockdowns. Regulatory changes and market interventions by governments and central banks influenced exchange rates and had implications for service providers. Travel restrictions and reduced tourism led to decreased demand for currency exchange services in those sectors.

Scope of the Report

Report Metric Details:

Market size available for years: 2019-2033

Base year considered: 2022

Forecast period: 2023-2033

Segments covered: By Services, By Providers, By Application

Regions covered: North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

Companies Covered: American Express Company, Barclays, Citigroup Inc., Deutsche Bank AG, Goldman Sachs, HSBC Group, JPMorgan Chase & Co., Standard Chartered, Wells Fargo, Western Union Holdings, Others.

Foreign Exchange Services Market Key Segments Covered:

By Services: Based on the Services, Global Foreign Exchange Services Market is segmented as; Currency Exchange, Foreign Currency Accounts, Remittance Services, Others.

By Providers: Based on the Providers, Global Foreign Exchange Services Market is segmented as; Banks, Money Transfer Operators, Others.

By Application: Based on the Application, Global Foreign Exchange Services Market is segmented as; Businesses, Individuals.

By Region: This report also provides the data for key regional segments of Europe, North America, Middle East and Africa, Latin America, Asia-Pacific.

Product Code: BFSI2345

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER's internal database
- 2.1.4. Premium insight from KOL's
2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Foreign Exchange Services Market

5. Market variable and outlook

5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
5.3. PORTER's Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Foreign Exchange Services Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Foreign Exchange Services Market

7. Global Foreign Exchange Services Market, By Services (USD Million)

7.1. Global Foreign Exchange Services Market Value Share and Forecast, By Services, 2023-2033
7.2. Currency Exchange
7.3. Foreign Currency Accounts
7.4. Remittance Services
7.5. Others

8. Global Foreign Exchange Services Market, By Providers (USD Million)

8.1. Global Foreign Exchange Services Market Value Share and Forecast, By Providers, 2023-2033
8.2. Banks
8.3. Money Transfer Operators
8.4. Others

9. Global Foreign Exchange Services Market, By Application (USD Million)

9.1. Global Foreign Exchange Services Market Value Share and Forecast, By Application, 2023-2033
9.2. Businesses
9.3. Individuals

10. Global Foreign Exchange Services Market Forecast, 2019-2033 (USD Million)

10.1. Global Foreign Exchange Services Market Size and Market Share

11. Global Foreign Exchange Services Market, By Services, 2019-2033 (USD Million)

11.1. Global Foreign Exchange Services Market Size and Market Share By Services (2019-2026)
11.2. Global Foreign Exchange Services Market Size and Market Share By Services (2027-2033)

12. Global Foreign Exchange Services Market, By Providers, 2019-2033 (USD Million)

12.1. Global Foreign Exchange Services Market Size and Market Share By Providers (2019-2026)
12.2. Global Foreign Exchange Services Market Size and Market Share By Providers (2027-2033)

13. Global Foreign Exchange Services Market, By Application, 2019-2033 (USD Million)

13.1. Global Foreign Exchange Services Market Size and Market Share By Application (2019-2026)
13.2. Global Foreign Exchange Services Market Size and Market Share By Application (2027-2033)

14. Global Foreign Exchange Services Market, By Region, 2019-2033 (USD Million)

14.1. Global Foreign Exchange Services Market Size and Market Share By Region (2019-2026)
14.2. Global Foreign Exchange Services Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
- 14.3.1. Australia
- 14.3.2. China
- 14.3.3. India
- 14.3.4. Japan
- 14.3.5. South Korea
- 14.3.6. Rest of Asia-Pacific
14.4. Europe
- 14.4.1. France
- 14.4.2. Germany
- 14.4.3. Italy
- 14.4.4. Spain
- 14.4.5. United Kingdom
- 14.4.6. Rest of Europe
14.5. Middle East and Africa
- 14.5.1. Kingdom of Saudi Arabia
- 14.5.2. United Arab Emirates
- 14.5.3. Rest of Middle East & Africa
14.6. North America
- 14.6.1. Canada
- 14.6.2. Mexico
- 14.6.3. United States
14.7. Latin America
- 14.7.1. Argentina
- 14.7.2. Brazil
- 14.7.3. Rest of Latin America

15. Company Profile

15.1. American Express Company
- 15.1.1. Company details
- 15.1.2. Financial outlook
- 15.1.3. Product summary
- 15.1.4. Recent developments
15.2. Barclays
- 15.2.1. Company details
- 15.2.2. Financial outlook
- 15.2.3. Product summary
- 15.2.4. Recent developments
15.3. Citigroup Inc.
- 15.3.1. Company details
- 15.3.2. Financial outlook
- 15.3.3. Product summary
- 15.3.4. Recent developments
15.4. Deutsche Bank AG
- 15.4.1. Company details
- 15.4.2. Financial outlook
- 15.4.3. Product summary
- 15.4.4. Recent developments
15.5. Goldman Sachs
- 15.5.1. Company details
- 15.5.2. Financial outlook
- 15.5.3. Product summary
- 15.5.4. Recent developments
15.6. HSBC Group
- 15.6.1. Company details
- 15.6.2. Financial outlook
- 15.6.3. Product summary
- 15.6.4. Recent developments
15.7. JPMorgan Chase & Co.
- 15.7.1. Company details
- 15.7.2. Financial outlook
- 15.7.3. Product summary
- 15.7.4. Recent developments
15.8. Standard Chartered
- 15.8.1. Company details
- 15.8.2. Financial outlook
- 15.8.3. Product summary
- 15.8.4. Recent developments
15.9. Wells Fargo
- 15.9.1. Company details
- 15.9.2. Financial outlook
- 15.9.3. Product summary
- 15.9.4. Recent developments
15.10. Western Union Holdings
- 15.10.1. Company details
- 15.10.2. Financial outlook
- 15.10.3. Product summary
- 15.10.4. Recent developments
15.11. Others