Report Detail
Global Digital Remittance Market - Premium Insight, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update)
- RnM2798363 |
- 14 March, 2019 |
- Global |
- 129 Pages |
- 360iResearch |
- Other
The global digital remittance market is expected to grow from USD 1,556.15 million 2017 to USD 7,822.65 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 25.95%.
“Rising digitization and smartphone usageis one of the factors largely attributing to the growth of digital remittance market globally”
The factors attributing to the growth of the market are rising digitization and smartphone usage, adoption of transparent and secure banking and financial services, increase in migrants remission, and reduced remittance cost and transfer time. However, some factors such as inadequate infrastructure and connectivity, and cybersecurity concern may hinder the market growth. The global digital remittance market is expected to showcase the opportunities such as increase of internet usage, technology innovation, focus on customer satisfaction, and influence of blockchain technology. In the near future, the market may face the possible challenges in the growth due to and lack of awareness and guidance. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global digital remittance market market.“Banks Digital Remittance: The highest growing remittance channel for the global digital remittance market”
On the basis of remittance channel, the global digital remittance market is studied across Banks Digital Remittance and Digital Money Transfer Operators. Among all these remittance channel, the Banks Digital Remittance is projected to hold the largest market share while the Digital Money Transfer Operators has the potential to grow the market with the highest CAGR in the forecast period.“Inward Digital Remittance: The highest growing remittance type for the global digital remittance market”
On the basis of remittance type, the global digital remittance market is studied across Inward Digital Remittance and Outward Digital Remittance. Among all these remittance type, the Inward Digital Remittance is projected to hold the largest market share while the Inward Digital Remittance has the potential to grow the market with the highest CAGR in the forecast period.“Personal: The highest growing end user for the global digital remittance market”
On the basis of end user, the global digital remittance market is studied across Business and Personal. Among all these end user, the Personal has captured the maximum market share while the Personal has the opportunity to emerge with the highest CAGR.“Americas: The highest growing geography for the global digital remittance market”
On the basis of geography, the global digital remittance market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with highest market size.
“Azimo Limited: The potential growing player for the global digital remittance market”
The key players profiled in the global digital remittance market are Azimo Limited, Digital Wallet Corporation, InstaReM PTE limited, MoneyGram International, Inc., OrbitRemit Global Money Transfer Limited, PayPal Holdings, Inc., Remitly, Inc., Ria Financial Services Ltd., TNG Limited, The Western Union Company, Toastme Pte Limited, TransferGo Ltd., TransferWise Ltd., WorldRemit Ltd., and coins.ph Pte. Ltd..
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global digital remittance market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global digital remittance market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global digital remittance market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global digital remittance market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global digital remittance market.
Table of Contents
1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Stakeholders
2. Research & Forecasting
- 2.1. Research Methodology
- 2.1.1. Research Instruments
- 2.1.1.1. Secondary Instrument
- 2.1.1.2. Primary Instrument
- 2.1.2. Research Approaches
- 2.1.2.1. Bottom-up Approach
- 2.1.2.2. Top-down Approach
- 2.1.3. Research Reliability & Validity
- 2.1.4. Research Assumptions
- 2.1.5. Vendor Inclusion Criteria
- 2.1.1. Research Instruments
- 2.2. Forecasting Methodology
- 2.2.1. Methodology for Market Estimation & Forecasting
- 2.2.2. Significance and Importance of the Market Estimation & Forecasting
3. Executive Summary
4. Premium Insight
- 4.1. Market Connectivity
- 4.2. Market Data Feed
- 4.3. Market Vendor Ranking Analysis
- 4.4. Market Dynamics
- 4.4.1. Drivers
- 4.4.1.1. Rising digitization and smartphone usage
- 4.4.1.2. Adoption of transparent and secure banking and financial services
- 4.4.1.3. Increase in migrants remission
- 4.4.1.4. Reduced Remittance Cost and transfer time
- 4.4.2. Restraints
- 4.4.2.1. Inadequate infrastructure and connectivity
- 4.4.2.2. Cybersecurity concern
- 4.4.3. Opportunities
- 4.4.3.1. Increase of internet usage
- 4.4.3.2. Technology Innovation
- 4.4.3.3. Focus on customer satisfaction
- 4.4.3.4. Influence of Blockchain Technology
- 4.4.4. Challenges
- 4.4.4.1. Lack of awareness and guidance
5. Global Digital Remittance Market, by Remittance Channel
- 5.1. Introduction
- 5.2. Banks Digital Remittance
- 5.3. Digital Money Transfer Operators
6. Global Digital Remittance Market, by Remittance Type
- 6.1. Introduction
- 6.2. Inward Digital Remittance
- 6.3. Outward Digital Remittance
7. Global Digital Remittance Market, by End User
- 7.1. Introduction
- 7.2. Business
- 7.3. Personal
8. Global Digital Remittance Market, by Geography
- 8.1. Introduction
- 8.2. Americas Digital Remittance Market
- 8.2.1. Americas Digital Remittance Market, by Country
- 8.2.1.1. United States
- 8.2.1.2. Brazil
- 8.2.1.3. Canada
- 8.2.1.4. Mexico
- 8.2.1.5. Argentina
- 8.2.2. Americas Digital Remittance Market, by Remittance Channel
- 8.2.3. Americas Digital Remittance Market, by Remittance Type
- 8.2.4. Americas Digital Remittance Market, by End User
- 8.2.1. Americas Digital Remittance Market, by Country
- 8.3. Europe, Middle East & Africa Digital Remittance Market
- 8.3.1. Europe, Middle East & Africa Digital Remittance Market, by Country
- 8.3.1.1. United Kingdom
- 8.3.1.2. Germany
- 8.3.1.3. France
- 8.3.1.4. Saudi Arabia
- 8.3.1.5. United Arab Emirates
- 8.3.1.6. Italy
- 8.3.1.7. Russia
- 8.3.2. Europe, Middle East & Africa Digital Remittance Market, by Remittance Channel
- 8.3.3. Europe, Middle East & Africa Digital Remittance Market, by Remittance Type
- 8.3.4. Europe, Middle East & Africa Digital Remittance Market, by End User
- 8.3.1. Europe, Middle East & Africa Digital Remittance Market, by Country
- 8.4. Asia-Pacific Digital Remittance Market
- 8.4.1. Asia-Pacific Digital Remittance Market, by Country
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.2. Asia-Pacific Digital Remittance Market, by Remittance Channel
- 8.4.3. Asia-Pacific Digital Remittance Market, by Remittance Type
- 8.4.4. Asia-Pacific Digital Remittance Market, by End User
- 8.4.1. Asia-Pacific Digital Remittance Market, by Country
9. Competitive Strategic Window
- 9.1. Introduction
- 9.1.1. Leverage Zone
- 9.1.2. Vantage Zone
- 9.1.3. Speculative Zone
- 9.1.4. Bottleneck Zone
10. FPNV Positioning Matrix
- 10.1. Introduction
- 10.2. Scores
- 10.2.1. Forefront
- 10.2.2. Pathfinders
- 10.2.3. Niche
- 10.2.4. Vital
- 10.3. Business Strategy
- 10.4. Product Satisfaction
11. Competitive News Feed Analysis
12. Company Usability Profiles
- 12.1. Azimo Limited
- 12.2. Digital Wallet Corporation
- 12.3. InstaReM PTE limited
- 12.4. MoneyGram International, Inc.
- 12.5. OrbitRemit Global Money Transfer Limited
- 12.6. PayPal Holdings, Inc.
- 12.7. Remitly, Inc.
- 12.8. Ria Financial Services Ltd.
- 12.9. TNG Limited
- 12.10. The Western Union Company
- 12.11. Toastme Pte Limited
- 12.12. TransferGo Ltd.
- 12.13. TransferWise Ltd.
- 12.14. WorldRemit Ltd.
- 12.15. coins.ph Pte. Ltd.
13. Appendix
- 13.1. Top Reports
- 13.2. Author Details
LIST OF TABLES (30 TABLES)
TABLE 1. GLOBAL DIGITAL REMITTANCE MARKET SIZE, 2016 - 2024 (USD MILLION)
TABLE 2. GLOBAL DIGITAL REMITTANCE MARKET RANKING, BY VENDORS, 2017
TABLE 3. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE CHANNEL, 2016 - 2024 (USD MILLION)
TABLE 4. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY BANKS DIGITAL REMITTANCE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 5. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY DIGITAL MONEY TRANSFER OPERATORS, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 6. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE TYPE, 2016 - 2024 (USD MILLION)
TABLE 7. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY INWARD DIGITAL REMITTANCE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 8. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY OUTWARD DIGITAL REMITTANCE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 9. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY END USER, 2016 - 2024 (USD MILLION)
TABLE 10. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY BUSINESS, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 11. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY PERSONAL, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 12. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY GEOGRAPHY, 2016 - 2024 (USD MILLION)
TABLE 13. AMERICAS DIGITAL REMITTANCE MARKET SIZE, 2016 - 2024 (USD MILLION)
TABLE 14. AMERICAS DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE CHANNEL, 2016 - 2024 (USD MILLION)
TABLE 15. AMERICAS DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE TYPE, 2016 - 2024 (USD MILLION)
TABLE 16. AMERICAS DIGITAL REMITTANCE MARKET SIZE, BY END USER, 2016 - 2024 (USD MILLION)
TABLE 17. EUROPE, MIDDLE EAST & AFRICA DIGITAL REMITTANCE MARKET SIZE, 2016 - 2024 (USD MILLION)
TABLE 18. EUROPE, MIDDLE EAST & AFRICA DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE CHANNEL, 2016 - 2024 (USD MILLION)
TABLE 19. EUROPE, MIDDLE EAST & AFRICA DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE TYPE, 2016 - 2024 (USD MILLION)
TABLE 20. EUROPE, MIDDLE EAST & AFRICA DIGITAL REMITTANCE MARKET SIZE, BY END USER, 2016 - 2024 (USD MILLION)
TABLE 21. ASIA-PACIFIC DIGITAL REMITTANCE MARKET SIZE, 2016 - 2024 (USD MILLION)
TABLE 22. ASIA-PACIFIC DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE CHANNEL, 2016 - 2024 (USD MILLION)
TABLE 23. ASIA-PACIFIC DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE TYPE, 2016 - 2024 (USD MILLION)
TABLE 24. ASIA-PACIFIC DIGITAL REMITTANCE MARKET SIZE, BY END USER, 2016 - 2024 (USD MILLION)
TABLE 25. 360IRESEARCH SCORES FOR FOREFRONT IN DIGITAL REMITTANCE MARKET
TABLE 26. 360IRESEARCH SCORES FOR PATHFINDERS IN DIGITAL REMITTANCE MARKET
TABLE 27. 360IRESEARCH SCORES FOR NICHE IN DIGITAL REMITTANCE MARKET
TABLE 28. 360IRESEARCH SCORES FOR VITAL IN DIGITAL REMITTANCE MARKET
TABLE 29. 360IRESEARCH FPNV POSITIONING MATRIX BUSINESS STRATEGY FOR DIGITAL REMITTANCE MARKET
TABLE 30. 360IRESEARCH FPNV POSITIONING MATRIX PRODUCT SATISFACTION FOR DIGITAL REMITTANCE MARKET
LIST OF FIGURES (26 TABLES)
FIGURE 1. GLOBAL DIGITAL REMITTANCE MARKET: YEARS CONSIDERED FOR THE STUDY
FIGURE 2. GLOBAL DIGITAL REMITTANCE MARKET: KEY RESEARCH METHODOLOGY
FIGURE 3. GLOBAL DIGITAL REMITTANCE MARKET: KEY RESEARCH INSTRUMENTS
FIGURE 4. GLOBAL DIGITAL REMITTANCE MARKET: KEY SECONDARY INSTRUMENT SOURCES
FIGURE 5. GLOBAL DIGITAL REMITTANCE MARKET: KEY POTENTIAL RESPONDENTS
FIGURE 6. GLOBAL DIGITAL REMITTANCE MARKET: KEY BREAKDOWN OF PRIMARY INSTRUMENT
FIGURE 7. GLOBAL DIGITAL REMITTANCE MARKET: KEY RESEARCH APPROACHES
FIGURE 8. GLOBAL DIGITAL REMITTANCE MARKET: KEY DATA TRIANGULATION
FIGURE 9. GLOBAL DIGITAL REMITTANCE MARKET: KEY RESEARCH ASSUMPTIONS
FIGURE 10. DIGITAL REMITTANCE MARKET: KEY MARKET CONNECTIVITY
FIGURE 11. GLOBAL DIGITAL REMITTANCE MARKET SIZE, 2016 - 2024 (USD MILLION)
FIGURE 12. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE CHANNEL, 2017 VS 2024 (USD MILLION)
FIGURE 13. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY BANKS DIGITAL REMITTANCE, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 14. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY DIGITAL MONEY TRANSFER OPERATORS, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 15. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY REMITTANCE TYPE, 2017 VS 2024 (USD MILLION)
FIGURE 16. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY INWARD DIGITAL REMITTANCE, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 17. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY OUTWARD DIGITAL REMITTANCE, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 18. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY END USER, 2017 VS 2024 (USD MILLION)
FIGURE 19. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY BUSINESS, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 20. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY PERSONAL, BY GEOGRAPHY, 2017 VS 2024 (USD MILLION)
FIGURE 21. GLOBAL DIGITAL REMITTANCE MARKET SIZE, BY GEOGRAPHY, 2017 (USD MILLION)
FIGURE 22. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2024
FIGURE 23. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL DIGITAL REMITTANCE MARKET, BY REMITTANCE TYPE, 2024
FIGURE 24. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL DIGITAL REMITTANCE MARKET, BY END USER, 2024
FIGURE 25. 360IRESEARCH COMPETITIVE STRATEGIC WINDOW FOR GLOBAL DIGITAL REMITTANCE MARKET, BY GEOGRAPHY, 2024
FIGURE 26. 360IRESEARCH FPNV POSITIONING MATRIX FOR DIGITAL REMITTANCE MARKET
- 4.4.1. Drivers
Summary:
Get latest Market Research Reports on Digital Remittance . Industry analysis & Market Report on Digital Remittance is a syndicated market report, published as Global Digital Remittance Market - Premium Insight, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update). It is complete Research Study and Industry Analysis of Digital Remittance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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