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Foreign Exchange Services Industry Report 2024: A $14.43 Billion Market by 2029 from $8.95 Billion in 2023 – Global Industry Size, Share, Trends, Opportunity, & Forecasts

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DUBLIN, March 6, 2024 /PRNewswire/ — The “Foreign Exchange Services Market – Global Industry Size, Share, Trends, Opportunity, & Forecast 2019-2029” report has been added to  ResearchAndMarkets.com’s offering.

The Global Foreign Exchange Services Market was valued at USD 8.95 billion in 2023 and is anticipated to grow with a CAGR of 8.3% through 2029, reaching USD 14.43 billion

The Global Foreign Exchange Services Market has been experiencing significant growth and evolution in recent years. With the increasing globalization of businesses and the interconnectedness of global financial markets, the demand for foreign exchange services has risen substantially.

The market encompasses a wide range of services, including currency trading, remittance, and payment solutions for businesses and individuals engaged in international transactions. Technological advancements, such as the adoption of electronic trading platforms, have further contributed to the market’s expansion, providing users with more efficient and real-time access to foreign exchange markets.

Several factors are driving the growth of the global foreign exchange services market. Firstly, the rise in international trade and investment activities has created a need for seamless and secure cross-border transactions, fostering the demand for foreign exchange services. Additionally, the increasing number of multinational corporations and the expansion of e-commerce on a global scale have spurred the necessity for currency exchange and risk management services.

As the market continues to evolve, regulatory developments, geopolitical factors, and advancements in financial technology will play crucial roles in shaping the landscape of global foreign exchange services. Overall, the market is expected to witness sustained growth as businesses and individuals continue to engage in international activities, necessitating efficient and reliable foreign exchange solutions.

Segmental Insights

Type Insights

The Remittance Services segment is experiencing a significant surge in demand within the Global Foreign Exchange Services Market. This heightened demand is attributed to several factors, chief among them being the increased global mobility of the workforce. As more individuals seek employment opportunities abroad or migrate for various reasons, the need for efficient and cost-effective remittance services has grown substantially.

The Remittance Services segment plays a crucial role in facilitating the seamless transfer of funds across borders, allowing individuals to support their families and meet financial obligations in their home countries. The convenience offered by online platforms and mobile applications in initiating and tracking remittance transactions has further fueled the popularity of remittance services, driving its prominence in the overall foreign exchange market.

Moreover, the rise of digital solutions and fintech innovations has transformed the remittance landscape, offering competitive exchange rates, lower fees, and faster transaction processing times. This has attracted a broad user base, including expatriates, migrant workers, and individuals studying abroad. As the demand for cross-border money transfers continues to grow, the Remittance Services segment is positioned as a key driver in the Global Foreign Exchange Services Market, reshaping the industry to cater to the evolving needs of a globally connected population.

Application Insights

The Businesses segment is witnessing a substantial increase in demand within the Global Foreign Exchange Services Market. This surge is primarily driven by the globalization of trade and commerce, as businesses expand their operations across international borders. Companies engaged in importing and exporting goods and services require foreign exchange services to navigate the complexities of dealing with multiple currencies.

The Businesses segment within the foreign exchange market offers solutions such as currency conversion, risk management, and hedging strategies to help enterprises mitigate the impact of exchange rate fluctuations. The demand is further fueled by the growing number of multinational corporations that conduct transactions in various currencies and need sophisticated financial tools to optimize their foreign exchange exposure.

Additionally, the rise of e-commerce has contributed significantly to the demand from the Businesses segment. With the expansion of online commerce on a global scale, businesses involved in e-commerce require efficient foreign exchange services to manage cross-border transactions and handle currency conversions seamlessly.

Regional Insights

The North America region is witnessing a notable increase in demand within the Global Foreign Exchange Services Market, reflecting the region’s dynamic economic activities and international trade engagements. The United States, as a major player in global finance and commerce, contributes significantly to the rising demand for foreign exchange services.

The expansion of multinational corporations headquartered in North America, coupled with the region’s robust international trade relationships, has led to an increased need for efficient currency exchange, risk management, and cross-border payment solutions. As businesses in North America engage in global transactions, the demand for diverse and sophisticated foreign exchange services has grown, making the region a key driver of market expansion.

Moreover, the presence of advanced financial infrastructure and a mature fintech ecosystem in North America further fuels the demand for innovative foreign exchange services. The adoption of cutting-edge technologies, including electronic trading platforms and algorithmic trading, is prominent in the region, enhancing the efficiency and accessibility of foreign exchange markets.

As economic ties between North America and other regions continue to strengthen, the demand for Global Foreign Exchange Services in the North American market is expected to persist, with financial institutions and businesses seeking to optimize their currency-related operations in an increasingly interconnected global economy.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Foreign Exchange Services Market.

Deutsche Bank AGJPMorgan Chase & Co.Wells FargoCitigroup Inc.BarclaysHSBC GroupWestern Union HoldingsStandard CharteredGoldman SachsAmerican Express Company

Report Scope

Foreign Exchange Services Market, By Type:

Currency ExchangeRemittance ServicesForeign Currency AccountsOthers

Foreign Exchange Services Market, By Providers:

BanksMoney Transfer OperatorsOthers

Foreign Exchange Services Market, By Application:

BusinessesIndividuals

Foreign Exchange Services Market, By Region:

North AmericaUnited StatesCanadaMexicoEuropeFranceGermanySpainItalyUnited KingdomAsia-PacificChinaJapanIndiaVietnamSouth KoreaMiddle East & AfricaSouth AfricaSaudi ArabiaUAETurkeyKuwaitEgyptSouth AmericaBrazilArgentinaColombia

For more information about this report visit https://www.researchandmarkets.com/r/5a0cmu

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets

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Zuowei Technology will attend CES 2025 & launch intelligent care robots and solutions

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SHENZHEN, China, Jan. 2, 2025 /PRNewswire/ — 2025 CES (International Consumer Electronics Show) will be grandly held in Las Vegas, the United States from January 7th to 10th, 2025, As the world’s largest consumer electronics expo, CES brings together the world’s top technology companies, innovative enterprises, and industry experts, showcasing the infinite possibilities of future technological life.

As a leading enterprise in the intelligent care industry, Shenzhen Zuowei Technology Co., Ltd. (hereinafter referred to as “Zuowei Technology”) will showcase the most cutting-edge intelligent care robots and solutions at booth: Central Hall 20840, bringing an unparalleled technological feast to global consumers.

Intelligent Portable Shower Machine: Come with Intelligent Water Flow Control and Nano Cleaning technologies, Ushering in a New Era of Comfortable Bathing for the Disabled People.

At this technology-packed exhibition, Zuowei Technology will release a high-tech intelligent portable shower machine. This shower machine adopts advanced water flow control technology to precisely regulate the water flow. Meanwhile, it can quickly adjust the water temperature through intelligent algorithms according to different user needs. Its innovative drip-free sewage suction bathing method integrates cutting-edge nano technology, enabling thorough body cleansing.

Intelligent Walking Robot: Empowered by Technology, Enabling Mobility-Impaired Individuals to Regain Freedom of Movement

At this technological feast, an extremely tech-savvy intelligent walking robot will make a stunning debut. This robot uses advanced ergonomic mechanics technology to perfectly fit the human body curve. At the same time, equipped with an intelligent gait training algorithm and combined with multiple high-tech technologies, it realizes intelligent assisted mobility functions such as intelligent wheelchairs, rehabilitation training, and transportation, highlighting the high-tech intelligence.

Electric Folding Mobility Scooter: Features Intelligent and Convenient, Enhancing the Travel Experience of the Elderly

In addition, we will witness the debut of a high-tech electric folding mobility scooter at CES. It adopts advanced intelligent folding technology, integrating cutting-edge mechanical engineering principles and advanced artificial intelligence algorithms to achieve rapid folding in 3 seconds, greatly enhancing convenience and practicality. Equipped with high-precision sensors, it can keenly sense road conditions and automatically adjust power output in real time to ensure a smooth and stable driving process, undeterred by bumps, enabling the elderly to enjoy truly intelligent travel.

Besides the notable highlights mentioned above, Zuowei Technology will also showcase a wide range of new products in the fields of intelligent care and intelligent rehabilitation at this exhibition, demonstrating its profound technological foundation and forward-looking vision in scientific and technological innovation, and bringing an even more extreme high-tech experience to global consumers! We sincerely invite you to visit us at the Las Vegas Convention and World Trade Center (Central Hall 20840) to witness the latest achievements of Zuowei Technology!

Zuowei Technology focuses on the six intelligent care needs of disabled elderly people, including toileting, bathing, eating, getting in and out of bed, walking, and dressing, it meticulously provides comprehensive solutions of intelligent care equipment and intelligent care platforms. This not only brings more considerate and professional elderly care well-being solutions to global users, but also contributes more high-tech power to the well-being of the elderly worldwide!

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SOURCE Shenzhen Zuowei Technology Co., Ltd.

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Technology Sector and Net-Zero Policies Support Long-Term Demand for Uranium

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The global nuclear fuel market continues to be influenced by major macroeconomic forces led by emerging demand for clean energy to power the technology sector and net-zero carbon emissions initiatives, as well as regional trade policies, according to industry analyst TradeTech.

ENGLEWOOD, Colo., Jan. 2, 2025 /PRNewswire-PRWeb/ — The global nuclear fuel market continues to be influenced by major macroeconomic forces led by emerging demand for clean energy to power the technology sector and net-zero carbon emissions initiatives, as well as regional trade policies.

“TradeTech expects term uranium demand to emerge and retreat in cycles through 2025, largely on the expectation that government policy developments will be unpredictable. However, upward momentum for uranium demand is expected to underpin renewed appetite to secure future uranium supply.”

For the uranium market, this new energy demand profile promises continued growth and expanded opportunities to play a larger role in energy security in 2025 and beyond. This notable trend in energy security concerns, combined with investor interest in physical assets, signals incoming capital for nuclear power and nuclear fuel projects. Meanwhile, geopolitical concerns and regional trade policies can create challenges for the mining, utility, and transportation sectors.

“TradeTech expects term uranium demand to emerge and retreat in cycles through 2025, largely on the expectation that government policy developments will be unpredictable. However, the upward momentum for uranium demand generated by global net-zero and AI development initiatives is expected to underpin renewed appetite to secure future uranium supply in 2025,” said TradeTech President Treva Klingbiel. TradeTech’s Long-Term Uranium Price Indicator was US$82.00 per pound U3O8 on December 31, 2024, compared to $72.00 at the beginning of last year.

In 2024, technology companies including Amazon, Google, and Microsoft signed agreements to power artificial intelligence data centers with new nuclear reactors to ensure clean, reliable baseload power generation. In the USA, plans are advancing to restart nuclear power plants that were retired, including California’s Diablo Canyon, Michigan’s Palisades, and the Three Mile Island in Pennsylvania (renamed the Crane Clean Energy Center), to satisfy new demand from the tech industry.

Several nations have embraced policies that support the extended operation of existing nuclear power facilities and proposals to build new large-scale and small modular reactors in the long term. Others are embarking on feasibility studies to introduce new nuclear power programs.

About TradeTech

TradeTech launched its Daily Uranium Spot Price Indicator in March 2011, which is provided to subscribers worldwide. The company’s “Nuclear Market Review” (NMR) is published each Friday evening, and reports the Weekly Uranium Spot Price Indicator, uranium trading activity, industry news, and market data. The monthly edition of the NMR, released on the last day of each month, includes TradeTech Market Values (Exchange Value, UF6 Value, Loan Rate, Conversion Value, SWU Value, and Transaction Value) and Mid- and Long-Term Uranium Price Indicators and Production Cost Indicator, as well as analysis related to price determinations, supply/demand information, and industry and financial news. TradeTech also publishes “The Nuclear Review,” a monthly trade publication dedicated to the international uranium and nuclear energy industry, and a quarterly “Uranium Market Study.”

TradeTech—and its predecessor companies—has supported the uranium and nuclear fuel cycle industry for more than 50 years and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic, and political factors affecting this industry. TradeTech provides expert market consulting, has relationships with international nuclear fuel buyers and sellers, and maintains an extensive information database on these industries.

Media Contact

Treva Klingbiel, TradeTech, 1 3035733530, info@TradeTech.com, www.uranium.info

View original content:https://www.prweb.com/releases/technology-sector-and-net-zero-policies-support-long-term-demand-for-uranium-302341623.html

SOURCE TradeTech

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Monster Energy’s UNLEASHED Podcast Welcomes UFC Reporter Nina Drama

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Monster Energy proudly presents UFC reporter and internet sensation Nina Drama on Episode 413 of the UNLEASHED with The Dingo, Danny, and Brittney podcast.

CORONA, Calif., Jan. 2, 2025 /PRNewswire-PRWeb/ — Social Media Powerhouse With 11 Million Followers Joins Episode 413 of Sports and Pop Culture Podcast.

“I think the MMA community is one of the most brutal and hardest communities to be part of. You just have to be prepared and wrap your head around it.” – Nina Drama

The MMA reporting phenomenon is here! Monster Energy proudly presents UFC reporter and internet sensation Nina Drama on Episode 413 of the UNLEASHED with The Dingo, Danny, and Brittney podcast. Known for her viral interviews and comedic takes on MMA, Drama’s work has captivated audiences worldwide, amassing an impressive 11 million combined followers across TikTok, Instagram, and YouTube.

Born Nina-Marie Daniele in Pelham, New York, Drama has taken the world of mixed martial arts by storm and carved a unique path in the MMA world with her unorthodox interviews that unveil the lighter, more human side of even the toughest fighters.

Reflecting on her path to success, Drama shared on UNLEASHED: “Growing up, I was super quiet and introverted. As I got older, I had to learn to be like everyone else. And I was super focused on not being the weird one of the group every time. But then I came to embrace the weirdness of being an only child and doing things a little bit differently. I don’t know how to be anyone else but myself. And now I’m here!”

Catch the full conversation with Nina Drama, whose humor and authenticity have broken barriers in a male-dominated sport and have UFC stars dropping their guard on Episode 413 of UNLEASHED with The Dingo, Danny, and Brittney Fueled by Monster Energy. The new podcast is streaming now on all major platforms, including Spotify, iTunes, and YouTube.

Drama’s ability to connect with UFC stars like Jon Jones, Sean Strickland, and Alex Pereira has made her a fan favorite across multiple platforms. And audiences can’t get enough: Boasting a social media following amounting to millions of hungry viewers, Drama keeps the hits coming with original content live from behind the scenes at milestone UFC events. The secret to her lighting fast rise to fame? Listen closely as the talented interviewer becomes the interviewee – only on UNLEASHED!

Hear the full story in conversation with podcast hosts, Australian action sports personality Luke “The Dingo” Trembath and artist and model Brittney Palmer. Follow the link to tune in here.

Before becoming an MMA sensation, Drama enjoyed a successful modeling career but found it unfulfilling.

“One thing I always wanted to do is interview fighters, but I didn’t know how. I had modeled for 12 years, but it was not fulfilling. It just felt really vapid after a while, and there wasn’t anything satiating about it anymore,” said Drama, adding: “I was done with the industry and did not want to be a part of it anymore.”

During the pandemic, she pivoted, creating comedy skits that resonated with audiences and set the stage for her breakout in MMA reporting.

“I love MMA. I grew up doing karate, and my mom was a martial artist. I went to a boxing gym. This is what I wanted to do, but how do you change from modeling to comedy content to MMA content?”

The transition into MMA was far from easy. Asked how she initially gained acceptance (as a woman) in the hard-boiled world of fight sports, Drama offered: “My audience was like, what the hell are you doing? But they stayed! And once I got into the MMA community, it was an interesting crossover. I was like, how do I take MMA and turn it into comedy so that everybody can absorb it, not just the niche MMA demographic?”

Despite challenges breaking into the MMA community, Drama persisted, turning skeptics into loyal fans with her humorous and relatable content. Her offbeat sparring sessions with fighters and behind-the-scenes exclusives have become instant classics, raking in millions of views and solidifying her status as a social media powerhouse. Today, she commands 4.2 million followers on TikTok, 2.7 million followers on Instagram, and 1.3 million YouTube subscribers.

Drama was recently honored as MMA Personality of the Year for her innovative approach to MMA reporting. This accolade cements her status as a prominent figure in the fight sports community and highlights the significant influence of her humorous yet profoundly insightful interviews with both UFC champions and emerging talents.

Has the fame made her job behind the microphone easier? “Every day is a struggle. Good and bad, I love it all. I think the MMA community is one of the most brutal and hardest communities to be part of. You just have to be prepared and wrap your head around it,” said Drama on UNLEASHED.

Want the full scoop on the UFC’s rising backstage reporter? Catch the entire episode by visiting the landing page for Episode 413 of UNLEASHED with The Dingo, Danny, and Brittney featuring Nina Drama.

Regular episodes of UNLEASHED are filmed on a special set inside Studio M at Monster Energy headquarters in Corona, California. The podcast is hosted by the dynamic duo of Australian action sports personality Luke “The Dingo” Trembath and professional snowboarder Danny Kass. Known for their deep roots in action sports culture, the two starred in the beloved cult TV show ‘The Adventures of Danny and The Dingo’ on Fuel TV for five action-packed seasons in the early 2010s. Both hosts have walked the walk as pro snowboarders and are joined by painter and model Brittney Palmer. Together, the three hosts possess the interview skills to find common ground with guests from any background – sports and pop culture. Always look out for new episodes dropping bi-weekly on Mondays.

Download photos for editorial use.

The UNLEASHED with The Dingo, Danny, and Brittney Podcast is here to celebrate the personalities behind the Monster Energy lifestyle. With each episode dedicated to a unique guest or topic, listeners learn about living on the edge and advancing the state of the art in the world of high-energy sports as well as music, games, and pop culture from individuals at the top of their game. More than a drink, Monster Energy is a way of life lived by athletes, sports, bands, believers, and fans – and the podcast is an extension of this unique DNA.

For more on Monster Energy and the UNLEASHED Podcast, visit http://www.monsterenergy.com. Also,Follow Monster Energy on YouTube, Facebook, Instagram, Twitter and TikTok for exclusive content and athlete features.

About Monster Energy
Based in Corona, California, Monster Energy is the leading marketer of energy drinks and alternative beverages. Refusing to acknowledge the traditional, Monster Energy supports the scene and sport. Whether motocross, off-road, NASCAR, MMA, BMX, surf, snowboard, ski, skateboard, or the rock and roll lifestyle, Monster Energy is a brand that believes in authenticity and the core of what its sports, athletes and musicians represent. More than a drink, it’s the way of life lived by athletes, sports, bands, believers and fans. See more about Monster Energy including all of its drinks at http://www.monsterenergy.com.

Media Contact

Kimberly Paige Dresser, Indie Agency, Inc., (949) 300-5546, kim.dresser@indiepragency.com, https://www.indiepragency.com

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SOURCE Monster Energy

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