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Global Forex Chart Market to Generate $1,196.52 Billion by 2031: Allied Market Research

Portland, OR, Aug. 03, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Forex Chart Market raised $260.34 billion in 2021 and is expected to generate $1,196.52 billion by 2031, growing at a CAGR of 16.6% from 2022 to 2031. The report provides an in-depth analysis of the evolution of the market dynamics, major segments, value chain, competitive scenario and regional landscape. . This research offers valuable guidance for key players, investors, shareholders, and startups to design sustainable growth strategies and gain competitive advantage 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 $260.34 billion
Market size in 2031 $1,196.52 billion
CAGR 16.6%
Number of pages in the report 260
Segments Covered Type, Industry, End User and Region.
Drivers Tourism boom
Rise in adoption of Forex charts among users
Hassle-free transactions
Opportunities Increase in demand for cash alternatives among users while traveling to other countries
Constraints Forex Charts charge an ATM withdrawal fee while withdrawing money from an ATM abroad

Covid-19 scenario:

  • The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global Forex charts market, owing to the implementation of the global lockdown which has resulted in travel restrictions.
  • The tourism industry has been badly affected as people have stopped vacationing in other countries. This factor has reduced the demand for forex prepaid cards which has had a negative impact on the growth of the market.
  • In addition, foreign trade has experienced a decline, which has led to a decline in the number of travelers to other countries for business. Consequently, the demand for Forex charts has decreased significantly.
  • Nevertheless, the tourism industry is experiencing a post-pandemic surge, which in turn is expected to positively influence the global Forex chart market.

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The research provides detailed segmentation of the global Forex Charts market based on type, vertical, end-user, and region. The report discusses the segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize based on the most revenue-generating and fastest-growing segments mentioned in the report.

On the basis of type, the Multi-Currency Forex Charts segment held the highest share in 2021, accounting for nearly three-quarters of the global Forex charts market, and is expected to maintain its leading status over the forecast period. However, the Single Currency Forex Charts segment is expected to register the highest CAGR of 20.5% from 2022 to 2031.

Based on industry vertical, the hospitality segment accounted for the highest share in 2021, contributing nearly two-fifths of the global Forex charts market, and is expected to maintain its revenue lead during of the forecast period. However, the consumer goods segment is expected to show the highest CAGR of 18.1% from 2022 to 2031.

On the basis of end-user, the enterprise segment accounted for the highest share in 2021, holding almost three-quarters of the global market, and is expected to maintain its leading status during the forecast period. However, the retail segment is expected to grow at the highest CAGR of 18.6% during the forecast period.

Based on region, North America held the largest share in 2021, contributing nearly two-fifths of the total market share. In addition, the Asia-Pacific region is expected to show the fastest CAGR of 19.5% during the forecast period. The research also analyzes regions such as Europe and LAMEA.

Get a detailed analysis of the impact of COVID-19 on the Forex Charts Market:

Key players of Global Forex Card Market analyzed in the research include, Bank of America Corporation, Charles Schwab & Co., Inc., Citigroup Inc., Credit Suisse Group AG, Finnew Solutions Pvt. Ltd., JPMorganChase & Co., Morgan Stanley, Royal Bank of Canada and UBS. The report provides a detailed analysis of these key market players.

These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements and others to increase their market share and maintain dominant shares in different regions. The report is valuable for highlighting the business performance, operating segments, product portfolio, and strategic moves of market players to present the competitive scenario.

Main benefits for stakeholders

  • This report provides a quantitative analysis of market segments, current trends, estimates and dynamics of the forex charts market share from 2021 to 2031 to identify the dominant forex charts market opportunity.
  • Market research is offered with information related to key drivers, restraints, and opportunities.
  • A thorough analysis of the forex charts market industry helps to determine the existing market opportunities.
  • Major countries in each region are mapped based on their revenue contribution to the global forex charts market forecast.
  • The report includes analysis of regional and global forex chart market trends, key players, market segments, application areas and market growth strategies.

Key market segments

  • Type
    • Multi-Currency Forex Chart
    • Single Currency Forex Chart
  • industry vertical
    • Hospitality
    • Consumer goods
    • Education
    • Others
  • Final user
  • By region
    • North America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Netherlands
      • The rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • Singapore
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa

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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market, which will help you to assess the impact of the pandemic on the short and long-term growth trends of this market.

About Us:

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 unrivaled quality of “market research reports” and “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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