Global Automatic Transfer Money Market (2021-2026) by End User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Automatic Transfer Money Market is estimated to be USD 25.3 Bn in 2021 and is expected to reach USD 37.69 Bn by 2026, growing at a CAGR of 8.3%.



Market Dynamics

The frequent movement of funds from a checking account to a savings account is often done by the automatic transfer money market. The factors increasing the growth of the market are putting up automatic transfers to pay bills is a handy accounting device since they can be used for periodic equal payments, such as for finances or other loan expenses, rise in customer preference for the mobile applications for fund transfer, and another widespread factor includes usage of these transfer for overdraft security.

Cybersecurity has become particularly essential among online deposits to avoid making automated information susceptible to destruction or theft. It can happen in a variety of forms, such as direct access attacks, contains bugs & viruses, backdoor attacks, and denial of service attacks. These are considered as the market restraints.

Market Segmentation

The Global Automatic Transfer Money Market is segmented further based on End User, and Geography.

By End User, the market is classified as Banks, NBFC, and individual customers. Amongst all, the Banks segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Paytm launches smartphone-based NFC payments for merchants. - 30th June 2021.
2. NPCI to launch a new digital payments product for feature phones. - 21st Mar 2021.

Company Profiles

Some of the companies covered in this report are Google pay, HDFC Bank Ltd., JPMorgan Chase Bank, Money Transfer System, MOVERFOCUS, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automatic Transfer Money Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains a competitive analysis using the Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market