Portland, OR, Nov. 03, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the currency management market generated $331.5 billion in 2021 and is projected to reach $1631.3 billion by 2031, growing at a CAGR of 17.5% from 2022 to 2031. changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.
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Report coverage and details:
|Market size in 2021||$331.5 billion|
|Market size in 2031||$1631.3 billion|
|Number of pages in the report||285|
|Segments Covered||Type of exchange, type of coverage, application and region.|
|Drivers||Currency management provides efficient execution of foreign exchange transactions.|
|Currency hedging solutions that help reduce risk and cost while increasing efficiency.|
|Opportunities||Significant growth in international trade between various countries resulting in increased buying and selling of various currencies.|
|Constraints||A large number of nations have become self-sufficient and do not engage in foreign trade activities.|
- The COVID-19 outbreak has had a negative impact on the growth of the global currency management market, owing to the decline in global trade during the pandemic period.
- The rampant spread of COVID-19 across the globe has resulted in fluctuations in the foreign currency due to the lockdowns, thus driving down the demand for currency management solutions.
- The pandemic has led to reduced demand for buying and selling currencies, which has impacted the popularity of currency management services.
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The report offers detailed segmentation of the global currency management market based on exchange type, hedging type, application, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.
Based on the type of exchange, the floating forex segment held the leading market share in 2021, holding approximately three-quarters of the global currency management market share, and is expected to maintain its leading status over the course of the forecast period. However, the fixed exchange segment, should quote the Fastest CAGR 21.7% over the forecast period.
Based on hedging type, the benchmark hedging segment held the largest market share in 2021, accounting for more than half of the global currency management market share, and is expected to maintain its leading status during of the forecast period. However, the share class coverage segment is expected to quote the fastest CAGR of 21.0% over the forecast period.
Based on demand, the commercial and investment banking segment held the majority of the market in 2021, contributing nearly two-fifths of the global currency management market share, and is expected to maintain its leading position in the during the forecast period. However, the multinational corporations segment is expected to quote the fastest CAGR of 18.9% during the forecast period.
Based on region, the North American region market held the leading market share in 2021, holding nearly two-fifths of the global currency management market share. However, the Asia-Pacific region is expected to dominate the global market share in 2031. Also, the same region is expected to cite the fastest CAGR of 20.2% during the forecast period.
Key players analyzed in the Global Currency Management Market report are Acumatica, Inc., LEE OVERLAY PARTNERS LIMITED, Aston, Castle Currency Management Inc., Canadian Imperial Bank of Commerce (CIBC), ECOUNT Inc., Kantox .com, Mesirow Financial Holdings, Inc., The B. Metzler seel. Sohn & Co. AG, Northern Trust Corporation, Rhicon Currency Management Pte Ltd, Russell Investments Group LLC, State Street Corporation, United Advisors, LLC, HEDGEFLOWS LTD and Tripalti, Inc.
The report analyzes these key players in the global currency management market. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.
Key market segments
Type of exchange
- Floating currency exchange
- Fixed exchange office
Type of hedge
- Portfolio cover
- Share class coverage
- Reference coverage
- Commercial and investment banks
- Central banks
- Multi-national companies
- North America (US, Canada)
- Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, Singapore, Rest of Asia Pacific)
- LAMEA (Latin America, Middle East, Africa)
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