By IMARC Group the global foreign exchange market is expected to grow at a CAGR of 7.5% during 2021-2026.
Sheridan, United States – August 13, 2021 /MarketersMedia/ —
According to IMARC Group’s latest report, titled “Foreign Exchange Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026. the global foreign exchange market is expected to grow at a CAGR of 7.5% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Foreign exchange (FX), or forex, stands for a system that facilitates the transaction of currencies from different countries. It is primarily performed through credit instruments, including bills of foreign currency, bank drafts, telephonic transfers, etc. The fund transfer functions through an electronic network of banks, brokers, financial institutions, and individual traders. Forex also finds extensive applications for transferring funds to support the exchange of various goods and services between nations.
Request Free Sample Report: https://www.imarcgroup.com/foreign-exchange-market/requestsample
Market Trends
The rising penetration of digitalization trends in the BFSI sector, along with the increasing number of international tourism activities, is driving the market for foreign exchange. Additionally, the growing awareness towards numerous benefits of foreign exchange pertaining to minimal trading costs, 24×7 trading opportunities, high transactional transparency, and liquidity, etc., is further augmenting the market growth. Besides this, the wide availability of electronic platforms and the provision of improved security mechanisms for trading are also propelling the global market. In the coming years, several technological advancements in foreign exchange solutions providing advanced outright forward and currency options will continue to drive the market growth in the coming years.
List of Key Companies Covered in this Market Report:
Barclays (LON: BARC)
BNP Paribas (EPA: BNP)
Citibank (NYSE: C)
Deutsche Bank (ETR: DBK)
Goldman Sachs (NYSE: GS)
HSBC Holdings plc (LON: HSBA)
JPMorgan Chase & Co. (NYSE: JPM)
The Royal Bank of Scotland (LON: NWG)
UBS AG (SWX: UBSG)
Standard Chartered PLC (LON: STAN)
State Street Corporation (NYSE: STT)
XTX Markets Limited
The report has segmented the market on the basis of counterparty, instruments and geography.
Breakup by Counterparty:
Reporting Dealers
Other Financial Institutions
Non-financial Customers
Breakup by Instruments:
Currency Swap
Outright Forward and FX Swaps
FX Options
Breakup by Geography:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Ask Analyst for Customization and Download full Report with TOC & List of Figure: https://www.imarcgroup.com/foreign-exchange-market
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related Report by IMARC Group:
Consumer Credit Market Report: https://www.imarcgroup.com/consumer-credit-market
Crowdfunding Market Report: https://www.imarcgroup.com/crowdfunding-market
E-Commerce Market Report: https://www.imarcgroup.com/e-commerce-market
Sukuk Market Report: https://www.imarcgroup.com/sukuk-market
Factoring Market Report: https://www.imarcgroup.com/factoring-market
E-Invoicing Market Report: https://www.imarcgroup.com/e-invoicing-market
BPO Business Analytics Market Report: https://www.imarcgroup.com/bpo-business-analytics-market
Business Analytics Market Report: https://www.imarcgroup.com/business-analytics-market
Messaging Security Market Report: https://www.imarcgroup.com/messaging-security-market
About us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Info:
Name: Elena Anderson
Email: Send Email
Organization: IMARC Group
Address: 30 N Gould St, Ste R
Phone: 6317911145
Website: https://www.imarcgroup.com
Video URL: https://www.youtube.com/c/Imarcgroup
Source URL: https://marketersmedia.com/foreign-exchange-market-report-2021-size-share-industry-analysis-trends-and-forecast-2026/89041493
Source: MarketersMedia
Release ID: 89041493