Electronic Funds Transfer Market
Electronic Funds Transfer Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Inter-Bank Transaction, Customer Transaction
- By End User Individual, Enterprises
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 66.31 Billion |
Revenue 2030: | USD 129.24 Billion |
Revenue CAGR (2023 - 2030): | 8.70% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Electronic Funds Transfer Market by Type by End User by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Electronic Funds Transfer market.
FAQ
Frequently Asked Question
What is the global demand for Electronic Funds Transfer in terms of revenue?
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The global Electronic Funds Transfer valued at USD 66.31 Billion in 2022 and is expected to reach USD 129.24 Billion in 2030 growing at a CAGR of 8.70%.
Which are the prominent players in the market?
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The prominent players in the market are Royal Bank of Canada, Charles Schwab & Co., Citigroup Inc., UBS, Morgan Stanley, Bank of America Corporation, JPMorgan Chase & Co., Goldman Sachs, Julius Baer Group, Credit Suisse Group.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 8.70% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Electronic Funds Transfer include
- Increasing use of smart devices along with surge in affordable internet facilities
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Electronic Funds Transfer in 2022.