Egypt Remittance Market Research Report & Outlook to 2023: Ken Research

The report titled “Egypt Remittance Market Outlook to 2023 – By Inbound and Outbound Remittance, By Transfer Mode (Bank Transfer, Through Friends or Relatives, Through Agent or Courier, Carried Money on Their Visits, and Others), By Banking and Non-Banking Transfer, By Bill Payment Type (Mobile Services, Internet Services, Utilities, and Others), By Bill Payment Mode (Cash Payments, Card Payments, and Fund Transfers)” provides a comprehensive analysis of International Remittance, Domestic Remittance, and Bill Payment Market in Egypt. It includes the transactions occurring in Egypt by major flow corridors, mode of transfer, inbound and outbound transactions, channel of transfer, and bill payment details such as type of bill payments and mode of bill payments. The report also covers the overall competitive landscape and company profiles of major Money Transfer Organizations in Egypt. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions for the Egypt Remittance Market.

Egypt Remittance Market Overview and Size

Egypt has been one of the top Arabian countries in terms of labour supply. This results into high international inbound remittance in the country. The domestic remittance transactions are high which is due to growth in internal migration and rising urban population. Increasing nuclear families in the country has resulted into increased bill payment activities as number of subscribers for utilities, mobile telephone services and internet are on rise. Even though the international remittance market has slowed down since 2016, it is expected to recover as Middle Eastern economies invest to diversify.

Egypt International Remittance Market

The inbound remittance has been the leading source of transaction whereas outbound remittance accounts for a marginal share; it is majorly due to the high Egyptian migration in other countries for better job opportunities. Saudi Arabia, Kuwait, UAE, Jordan among others have been major inbound remittance flow corridors which are majorly due to the substantial Egyptian migration to these countries, whereas resident from countries such as Syrian Arab Republic, West Bank and Gaza, Lebanon, and other have been major countries responsible for outbound remittance from Egypt. in Egypt International Remittance Market, bank transfer that includes usage of cheques, drafts, direct deposits, and others accounts for a major share in 2018. However, about one-fourth of the population still rely on their friends and relatives to send or receive money. It is mainly due to the lack of trust on banking channels and it is the least expensive method for migrants to save transaction fee and taxes.

Egypt Domestic Remittance Market

Banking channels has been most prominent method whereas non-banking channels accounts for a smaller share. Based on net migration flow, Port Said, Suez, Red Sea, 6th of October, and Ismalia are few of the major cities that have experienced major inflow of internal migrants, whereas Menoufia, Sharqia, Assyut, Sohag and Damietta are the cities that fall lest in net migration flow with highest number of outflow of migrants. Better job opportunities and lifestyle makes these cities major flow corridors in domestic money transfers.

Egypt Bill Payments Market

In Egypt, Bill Payments mobile services that include mobile top-ups are the largest contributor, followed by internet services which are majorly due to the ever increasing penetration of broadband internet. Utilities also accounts for a respectable share followed by other bills such as taxes, tuition fee, and more. Cash is the most preferred method opted by Egyptians. Card payment is second largest contributor in terms of transaction value and is followed by fund transfers.

Competitive Landscape in Egypt Remittance Market

The competition within Egypt International Remittance market concentrated in nature with the presence of Western Union, RIA Money Transfer, and MoneyGram. Other companies that operate in the space are OFX, XE Trade, Payoneer, and more, however they account for smaller share. in domestic remittance space Egypt Post dominates the market which is followed by ITSC Egypt (that operates in collaboration with Egypt Post), where as HSBC Egypt is the largest private company that operates in domestic money transfer services in Egypt. The Bill Payment Market in Egypt is fragmented in nature with presence of companies such as Masary, Fawry, Bee, Sadad, Aman, and others, in which Fawry and Masary combined accounted for majority of the market share.

Future Outlook and Projections

Expected continued growth in Egyptian migrants in other countries, internal migration, and increasing use of internet and mobile services is expected to sustain the growth of Egypt Remittance Market. However, policy changes in Saudi Arabia are expected to negatively impact the international remittance market in Egypt. Most of the Egyptian workers in Saudi Arabia are either expected to return to Egypt or move to other country in search of other better employment opportunities.

Key Segments Covered:-

Egypt International Remittance Market

By Inbound and Outbound Remittance

By Major Flow Corridors

Inbound Flow Corridors

Outbound Flow Corridors

By Mode of Transfers

Bank Transfers

Through Friends or Relatives

Through Agent or Courier

Carried Money on Their Visits

Single Size

Custom Size

Egypt Domestic Remittance Market

By Channel of Transfer

By Major Flow Corridors

Banking Transactions

Non-Banking Transactions

By Major Flow Corridors

Bank Transfers

Egypt Bill Payments Market

By Type of Bill Payments

Mobile Services

Internet Services

Utilities

By Mode of Bill Payments

Cash Payments

Card Payments

Fund Transfers

Key Target Audience:-

Money Transfer Organization

Bill Payment Companies

Banks

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2023

Companies Covered:-

Western Union

RIA Money Transfer

MoneyGram

Egypt Post

ITSC Egypt

HSBC Egypt

Fawry

Masary

Bee: Smart Payment Solutions

Key Topics Covered in the Report:-

Executive Summary

Research Methodology

Egypt Remittance Market - Overview and Genesis

Egypt International Remittance Market

Egypt Domestic Remittance Market

Egypt Bill Payment Market

Egypt Remittance Market Consumer Profile

Value Chain Analysis of Egypt Remittance Market

Government Regulations in Egypt Remittance Market

Issues and Challenges in Egypt Remittance Market

Trends and Growth Drivers

Competitive Landscape and Company Profiles in Egypt Remittance Market

Future Outlook and Projections of Egypt Remittance Market

Analyst Recommendations

For more information on the research report, refer to below link:

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/egypt-remittance-market/182340-93.html
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Ken Research
Ankur Gupta, Head Marketing & Communications
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Changing Dynamics Of The Global BFSI Security Market Outlook: Ken Research

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However, unsurprisingly, the market of security devices has grown more significantly in the recent trend with the BFSI security market. Whereas, the BFSI segment deals with the largest bulk of financials facilitating insurance, transactions, and the other financial services to the consumers. This segment has been a target to wide cybercrimes, terrorism, and physical risks; thereby the ultimatum increased the security measures for the industry. The rise in the implementation of the technology, growing usage of internet, electronic platform, cloud, online and mobile banking are all together leading to augmented susceptibility to cyber and physical threats to data and information of the banking customers. This is improving the ultimatum to accept a new and developed solution for secure transactions in this market. Not only has this, but the key players of this market are also doing effective developments in the technology by which they can protect the consumers more efficiently from the threat and increase the demand. This will further conclude in leading the fastest market growth in the coming years.

According to the report analysis, ‘BFSI Security Market - Global Drivers, Opportunities, Trends, and Forecasts to 2023’ it states that there are several key players which are presently functioning in this market more efficiently for leading the fastest market growth during the forecasted period by making attractive advancements in the technologies and the techniques of doing work includes Cisco Systems, Inc., PTC Inc., Qualcomm Technologies, Inc., Amazon.com, Inc., SAP SE., Samsung Electronics Co. Ltd., General Electric Company, Ericsson, Schneider Electric SE, Accenture PLC, Cisco Systems, IBM, Symantec Corp., McAfee LLC, Oracle, Herjavec Group, Storm shield, Dell Security, FireEye, Inc., Gemalto NV, Trend Micro Incorporated, Accenture and several others. In addition, the market for BFSI is competitive with the foremost software vendors such as IBM, Cisco, and Symantec already having a prominent position in the market. Cisco is improving the customer's experiences with the premium and convenience banking along with global security programs. IBM is aiming at the security and creates approximately USD 2 billion of revenue from security alone annually.

The growth in BYOD, mobile apps, and cloud has concluded in the supreme implementation of IAM in the banking industry. The augmented terror activities, robberies, identity stealing, and data breaches are between the main motives to fueling the need for physical security in the banking industry. The BFSI properties have already installed video surveillance, IAM, encryption, and fire recognition systems and many countries have instructed such installations due to the requirement of the security.

Whereas, North America is the prominent region which leads the BFSI Security market where the government is taking initiatives towards insecurity with the new cybersecurity standards and augmented investment such as the US in 2015 invested USD 4 billion in cybersecurity for financial institutions. Additionally, Europe stands second in the market and is fascinating the niche players to arrive in the market through funding. Therefore, in the near future, it is expected that the market of BFSI security will increase more significantly around the globe over the few years.

To know more, click on the link below:-

https://www.kenresearch.com/defense-and-security/security-devices/bfsi-security-market/173160-16.html

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Changing Dynamics Of The Romania Dairy And Soy Food Market Outlook: Ken Research

According to the report analysis, ‘Country Profile: Dairy & Soy Food in Romania’ it is states that there are several key players which are presently functioning in this market more enormously for attaining the handsome amount of share not only in this region but across the globe by doing effective developments in the specifications of the products and distribution channel includes FrieslandCampina N.V., Groupe Lactalis SA, Hochland AG, Danone Group, S.C. Albalact SA, S.C. COVALACT S.A., Meggle, Muller Group, Olympos SA and several others. Whereas, with the further research it is notify that Napolact, Milli and Ladorna are the three leading brands in the Romanian dairy & soy food sector. Moreover, many of the key players of this market are adopting the effective strategies and policies for developing their techniques of doing work as some of the populace in this region is having allergy with such products which further become beneficial for increasing the demand for anti-allergic products and leading the fastest market growth during the forecasted period.

The whole market of food, beverages and tobacco is growing more significantly in the present era with the efficient improvement in the technology of product making and development in the quality of the food item. However, the sector of dairy and soy food are utilized across the world but it is anticipated that in Romania the utilization or consumption of such item is done more wide scale with the significant investment by the key players in the effective campaigns of the research and development which are undoubtedly related to the quality of the products. In addition, in the recent trend, the effective increment in the disposable income and wide and efficient transformation in the living style of the populace in this region are the two major factors which lead the market growth more significantly during the forecasted period. Not only has this, the key players of this market are playing an important role by dominating the handsome amount of share with the establishment of e-commerce platform which become beneficial for accomplishing the rising demand for dairy and soy food products in the Romania and across the globe.

Additionally, the key players of this region are working by folding up their sleeves with the effective strategies and policies for accounting the huge market share which further become profitable for the new comers and investors.

Additionally, the respected key players of this market for attaining the highest market growth are supplying their products with the help of several distribution channels which includes cash & carries and warehouse clubs, food & drinks specialists, hypermarkets & supermarkets, convenience stores, dollar stores, variety stores & general merchandise retailers, eRetailers and several others. However, the hypermarkets & supermarkets is the leading distribution channel in the Romanian dairy & soy food sector. Not only has this, they make several developments in the way of packaging and material of packaging which includes flexible packaging, paper & board, rigid metal, rigid plastics, and glass. For instance, Rigid plastics is the most frequently used pack material in the Romanian dairy & soy food sector, followed by paper & board and rigid metal. Therefore, in the near future, it is expected that the market of dairy and soy food in Romania will increase more significantly during the forecasted period over the recent few years.

To know more, click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/dairy-products/dairy-soy-food-romania/156626-11.html

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UAE Education Market, Market Research Report, Industry Research Report, Education Market In UAE, Education Industry In UAE : Ken Research

The report titled “UAE Education Market Outlook to 2023 - By K-12, Higher Education, E-Learning & Test-Preparation, Adult Education and Vocational and Training)” provides information on UAE Education sector by industry revenue and number of enrollments. By Type Education (K12, Vocational and Technical, Higher Education, Test Preparation, Adult Education, E Learning, and K12 by (Private and Public) by (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Al Fujairah, and Ras Al Khaimah) by KG, Cycle 1 (1st to 5th std), Cycle 2 (6th to 9th std), Secondary (10th to 12th), and Religious, by (Non-Emirati and Emirati). Technical and Vocational further segmented by (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Al Fujairah, and Ras Al Khaimah) and by Male and Female, Test Preparation Market by IELTS, GMAT, GRE, TOEFL and SAT. E-learning by (Technology and Content), by (Multimedia, Online Test, Open Courseware and online tutoring platforms and doubt resolution forums ), by (Audio-Video Blend, Video, Audio and Text). By Adult Education in Abu Dhabi, Ajman, Dubai, Fujairah, Ras-Al-Khaimah, Umm Al Quwain and Sharjah by Male and Female and by level of entry First, Second and Secondary Stage. By Higher Education (Male and Female) by (Business & Economics, Engineering, Foundations, Human & Social Sciences, Communication & Media Sciences, Sharia & Law, Information Technology, Environment & Health Sciences, Medical Sciences, Education, Arts & Design, Undeclared Major, Sciences, Foreign Languages, and Food & Agriculture), (Private and Public)

The report concludes with market projections and analyst recommendations highlighting the major opportunities and cautions. The report is useful for Private Investor, Global Test Preparation Centers, E-learning Service Providers, VC Firms, Existing Players for Expansion to align their market centric strategies according to ongoing and expected trends in the future.

Market Overview: Strong government support over the past few years has led to the continuous growth of education sector by inviting private players to enter the market. UAE education has witnessed healthy growth during the last five years preceding 2018. The growing concern for quality education by the education sector in the country encouraged the government to allocate AED 10.4 billion for education and training during its 2018 budget. Government support and investment led to the expansion of the existing players and the entrance of new players to cater the growing number of students, thereby adding to the revenues of the industry during the review period.

UAE Education Industry

The education industry in the country was dominated by the revenues generated from increased enrollments along with gradual rise in fee by private players during 2018. K-12 schools contributed highest share to the overall revenues during the same year. The second highest revenue share was contributed by the higher education sector in the UAE. E-Learning market is the fast emerging segment and is increasing its revenue coming from various conventional education system. The test preparation market is largely driven by increased competition and willingness for pursuing higher education from the most elite institute.

UAE K-12 Education Market

The K-12 industry in the UAE comprises of kindergarten, primary, intermediate and secondary level of education where children in the age group 4 to 17 years obtain their basic level of education. The public schools in the country have witnessed slower growth in terms of number of enrollments as compared to private schools. The highest number of enrollments was in Cycle 1 (primary) level of schooling. It was followed by intermediate level of schooling. It was followed by KG level and secondary level of education. The K-12 education in UAE is quite evenly distributed in terms of male and female ratio. The number of Non Emirati students exceeds the number of Emirati students K-12 schools across UAE. The only reason for this is the larger expatriate population in the country as compared to the native population. In 2018, in terms of K-12 education market revenue, Dubai contributed the largest share while Umm All Quwain contributed the least revenue share to the overall market. Unequal concentration of population, number of schools and subsequently unequally distribution of enrollments are the primary factors for this stark difference in overall revenues

UAE E-Learning Market

E-Learning industry in the UAE is still in its early growth stage. In 2018, the technology market had a more than half of the share in the overall E-Learning market in UAE. Educational infrastructural developments have propagated the widespread use of smart E-Learning products by students at all grades/ stages of education, which in turn has augmented the demand for new and innovative technological solutions being developed for the E-Learning industry in UAE. Although, the revenues have grown significantly, the market share of content services has decreased owing to the introduction of disruptive technological tools being introduced in the market. The market share of the K-12 sector in the overall E-Learning market in UAE was highest and is followed by higher education.

UAE Test Preparation Industry

The overall test preparation market in UAE has grown at a healthy rate in the last few years and is mainly driven by the expat students who prepare for taking admission among the best institutes in the world. IELTS contributed more than a third of the test preparation market revenues in 2018. It is followed by the SAT test preparation and GMAT test preparation.

UAE Vocational and Technical Training Industry

The establishment of vocational and technical institutes offering high quality programs has led to high competition and demand in the labor market. The overall enrollment in vocational courses across UAE has increased from 2013 to 2018. It is largely driven by male students. UAE has been segmented into 9 education zones and the highest number of enrollments has been in Abu Dhabi followed by Al Ain and Ajman.

UAE Adult Education Market Size

The number of enrollments in adult education centers has been highly volatile in the past few years. In 2014, the enrollment in adult education centres was highest but decreased in the year 2015 and 2016. The total number of enrollments in the secondary stage was highest and is followed by elementary stage in the overall enrollments in adult education centres across UAE. Abu Dhabi had highest number of enrollments. The number of adult education centres has remained the same in Ras Al Khaimah, Umm Al Quwain and Fujairah. While the number of centres in Abu Dhabi, Dubai, Sharjah and Ajman have decreased. The number of female enrollments is less than males, however the enrollment of females in adult education courses has been constantly increasing.

UAE Higher Education Market

The higher education market in UAE has witnessed significant growth in its revenues in the past five years. The overall revenues have grown along with the number of enrollments in Higher Education Institutes at all level during 2018. Women pursuing their higher education in the country constituted around more than half of the total share.

Abu Dhabi being the largest Emirate and having the largest population along with number of higher education institutes had highest number of enrollments in 2018. Although the government is making efforts to promote higher education across UAE, Emirates like Umm Al Quwain, Fujairah and Ras Al Khaimah are lagging behind. Enrollments were highest in business, economics and engineering.

Key Segments Covered

By Type Education

·         K12

·         Vocational and Technical

·         Higher Education

·         Test Preparation

·         Adult Education

·         E Learning

By K12

·         Private and Public

·         Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Al Fujairah, and Ras Al Khaimah

·         KG, Cycle 1 (1st to 5th std), Cycle 2 (6th to 9th std), Secondary (10th to 12th), and Religious

·         Non-Emirati and Emirati

By Technical and Vocational

·         Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Al Fujairah, and Ras Al Khaimah

·         Male and Female

By Test Preparation Market

·         IELTS, GMAT, GRE, TOEFL and SAT

By E-learning

·         Technology and Content

·         Multimedia, Online Test, Open Courseware and online tutoring platforms and doubt resolution forums

·         Audio-Video Blend, Video, Audio and Text

·         Massive Open Online Courses, Mobile Learning, E-Books and Gamification

·         Universities, Schools and Corporate

·         K-12 Education, Higher Education, Corporate Training and Others

·         Learning Management System, Smart Classes, Smart Authoring Tools and Others

By Adult Education

·         Abu Dhabi, Ajman, Dubai, Fujairah, Ras-Al-Khaimah, Umm Al Quwain and Sharjah

·         Male and Female

·         First, Second and Secondary Stage

By Higher Education

·         Male and Female

·         Business & Economics, Engineering, Foundations, Human & Social Sciences, Communication & Media Sciences, Sharia & Law, Information Technology, Environment & Health Sciences, Medical Sciences, Education, Arts & Design, Undeclared Major, Sciences, Foreign Languages, and Food & Agriculture

·         Private and Public

·         Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah

Key Target Audience

·         Private Investor

·         Global Test Preparation Centers

·         E-learning Service Providers

·         VC Firms

·         Existing Players for Expansion

Time Period Captured in the Report:

2013-2018 – Historical Period

2019-2023 – Future Forecast

Major Companies Covered:

·         Gems group

·         Taleem

·         Princeton Review

·         Blackboard

·         Amideast

·         Option Training Institute

·         The British Council

·         Brighter Prep

·         Meccademia

·         Regulatory Bodies For Education Sector in UAE and Different Emirates

·         UAE Education Market Future Projections, 2018P-2023E

·         Investment Model

·         Analyst Recommendation

To know more, click on the link below:

https://www.kenresearch.com/education-and-recruitment/education/uae-education-market/182341-99.html

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Ken Research
Ankur Gupta, Head Marketing & Communications
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Global Climate Concerns Coupled with Demand for Low Cost Vehicle Expected to Promote the Electric Vehicle Use during the Forecast Period: Ken Research

An electric vehicle is popularly known as EV, use electric motors or the traction motors for propulsion and movement. An electric vehicle is powered with a collector system, electricity generated from vehicle or may be powered with a battery inside. The automotive industry is on a verge of interruption by the new trends in mobility this include features like electrification, connectivity and autonomous driving techniques. Initiatives to develop a low- cost, fast charging battery technologies which supports thelong-range use set to yield the promising results. 

According to study, “Global Electric Vehicles Components Market (Motors, Drives, Motor Control)” some of the major companies that are currently working in the global electric vehicles components market are BorgWarner Inc., Aisin Seiki Co. Ltd., A123 Systems, Aptiv Plc., Borgwarner Inc., Blue Energy Company Ltd. (Gs Yuasa), Zhongshan Broad-Ocean Motor Co. Ltd., Robert Bosch GmbH, Siemens AG, Continental AG, Bayerische Motoren Werke Aktiengesellschaft, Daimler AG, BYD Company Ltd., Jing-Jin Electric Technologies Co., Ltd., China Automotive Systems Inc., Magna International Inc., Maxwell Technologies Inc., Magneti Marelli S.P.A., PrimearthEv Energy Co. Ltd., Automotive Energy Supply Corporation, Mitsubishi Electric Corporation, Infineon Technologies, Microsemi Corporation, Denso Corporation, Continental Automotive, Denso Corp., NSK Ltd., Continental Ag, Eaton Corp. Plc., Nidec Corporation, Energica Motor Company S. p. A, Hitachi Automotive Systems, Ltd., Johnson Controls Inc., Jatco Ltd., Lg Chem, Ltd., Ford Motor Company, Samsung Sdi Co., Ltd., Saft Groupe Sa, Fuji Electric Co. Ltd., Valeo S.A., General Motors Company, UQM Technologies Inc., Yazaki Corp., Samsung SDI, Volkswagen AG, Toyota Motor Corp., Nissan Motor Co., Ltd., Visteon Corp., Panasonic Corporation, ZF Friedrichshafen Ag, Toyota Motor Corporation, Keihin Corp., Tesla, Inc., MEIDENSHA CORPORATION, LG Electronics, Shuanglin Group.

Based on the component, the electric vehicles components market is segmented into vehicle body, battery pack, equipment, chassis, drive-train and others. Based on motor type, the market is segmented into induction motor and synchronous motor. Based on motor capacity, the market is segmented into <40 KW, 40 KW to 80 KW and >80 KW. Based on propulsion type, the market is segmented into Plug-in hybrid electric vehicle (PHEV), Hybrid Electric Vehicle (HEV), Fuel Cell Electric Vehicle (FCEV) and Battery Electric Vehicle (BEV). BEV runs on a battery & electric traction motor without an Internal Combustion Engine (ICE). Based on the vehicle type, the market is segmented into commercial vehicle, passenger car and two-wheeler vehicle. The vehicle infrastructure market is segmented into tesla supercharger, normal charge and chademo. In addition, the application, the market is segmented into electric bus, electric car and electric scooter.

The market of electric vehicles components is primarily driven by the increase in focus on the expanding electric vehicle charging infrastructure, followed by increasing government initiatives on electric vehicle adoption. Some of the restraints of market are lack of awareness about potential cost benefits of electric vehicles and end-user concerns on switching to electric vehicle. In addition, the changing urban mobility is main opportunity for the market growth. Accepting a shared typical EV standard for charging, followed by the subsidies, and extending the associations with the entire value chain to promote and accept transition in the technology development and economies of scale providing a platform for the EV market development to support EV market development over the forecast period. Moreover, it is estimated that the future of global electric vehicles components market to be bright owing to increase in preference for electrification of the public fleet.

For more information, click on the link below:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/electric-vehicles-components/179005-100.html

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Ken Research

Ankur Gupta, Head Marketing & Communications

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