Foreign exchange market – 46% of growth will come from North America | Driven by increasing urbanization and digitization

NEW YORK, May 10, 2022 /PRNewswire/ — The size of the forex market is expected to increase by $1.94 trillion from 2021 to 2026 at a CAGR of 8.87% according to the latest Technavio market report. 46% of market growth will come from North America during the forecast period. The United States is the key market for the foreign exchange market in North America. Market growth in this region will be slower than market growth in Europe and APAC. The continuous monitoring and surveillance of the trade in the forex market will facilitate the growth of the forex market in North America over the forecast period.

Technavio has announced its latest market research report titled Foreign Exchange Market by Trade Finance Instruments, Type and Geography – Forecast and Analysis 2022-2026

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Read the 120-page report with TOC on “Foreign Exchange Market Analysis Report by Trade Finance Instruments (Currency Swaps and FX Options), Type (reporting brokers, other financial institutions and non-financial clients) and geography (North America, EuropeACPA, South Americaand the Middle East and Africa), and Segment Forecast, 2022-2026″. Gain competitive insights on market leaders. Track key industry opportunities, trends, and threats. Insights on marketing, brand, strategy, and market development, sales and supply functions. https://www.technavio.com/report/report/foreign-exchange-market-industry-analysis

Foreign exchange market: drivers and challenges

Increasing urbanization and digitalization is the factor fueling the growth of the forex market. Automating workflows leads to improved productivity and operational efficiency, as well as reduced operational risk due to reduced manual involvement. The global foreign exchange market continues to digitize to better serve clients by providing liquidity, optimal execution and post-trade services, as well as improving regulatory compliance. As market players want and develop tools to improve the relevance and quality of market data, enabling better business decisions and reducing risk, the use of AI and machine learning has grown. . Traders can collect and analyze important data, streamline trading operations, and track market performance using state-of-the-art AI technology. These beneficial attributes of using these new tools will drive the growth of the forex market over the forecast period.

However, the the uncertainty of future exchange rates is one of the factors challenging the forex market growth. A devaluation or depreciation of the foreign currency could result in a loss of money if not properly hedged. For example, if a buyer has agreed to pay $525,935 for a shipment and the Euro is worth $0.85then the collection must be $425,000. If the euro lost its value $0.84 later the payment would only be $420,000leading to a $5,000 loss for the seller. Exchange rate risks, on the other hand, can present opportunities because interest rates between countries generally reflect expected changes in exchange rates. Such uncertainties would hamper the growth of the forex market during the forecast period.

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Some of the major players in the forex market:

The foreign exchange market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market.

  • Bank of America Corp.

  • Barclays PLC

  • BNP Paribas SA

  • Citigroup Inc.

  • Commonwealth Bank of Australia

  • DBS Bank Ltd.

  • Deutsche Bank AG

  • HSBC Holdings Plc

  • JPMorgan Chase and Co.

  • Royal Bank of Scotland Plc

  • Societe Generale SA

  • Standard Chartered PLC

  • State Street Corp.

  • Goldman Sachs Inc.

  • UBS Group AG

  • Westpac Banking Corp.

Forex market: segmentation analysis

Trade Finance Instruments Outlook – (Revenue, USD Billion, 2021-2026)

Type Outlook (Revenue, billions of dollars, 2021-2026)

  • Reporting dealers – size and forecast 2021-2026

  • Other financial institutions – size and forecast 2021-2026

  • Non-financial customers – size and forecast 2021-2026

Geographic Outlook (Revenue, USD Trillion, 2021-2026)

  • North America – size and forecast 2021-2026

  • Europe – size and forecast 2021-2026

  • APAC – size and forecast 2021-2026

  • South America – size and forecast 2021-2026

  • the Middle East and Africa – size and forecast 2021-2026

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Forex Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 8.87%

Market Growth 2022-2026

$1.94 trillion

Market structure

Fragmented

Annual growth (%)

7.52

Successful market contribution

North America at 46%

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Bank of America Corp., Barclays PLC, BNP Paribas SA, Citigroup Inc., Commonwealth Bank of Australia, DBS Bank Ltd., Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase and Co., Royal Bank of Scotland Plc, Société Générale SA , Standard Chartered PLC, State Street Corp., The Goldman Sachs Group Inc., UBS Group AG and Westpac Banking Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Trade Finance Instruments

6 Market Segmentation by Type

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Technavio
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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