Global Currency Management Market to Hit $1631.3 Billion

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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:

Report cover Details
Forecast period 2022–2031
base year 2021
Market size in 2021 $331.5 billion
Market size in 2031 $1631.3 billion
CAGR 17.5%
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.

COVID-19 scenario:

  • 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

Application

  • Commercial and investment banks
  • Central banks
  • Multi-national companies
  • Others

By region

  • 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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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market research reportsand “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.


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