Report Detail
Global Digital Remittance Market Growth (Status and Outlook) 2019-2024
- RnM2975244 |
- 28 March, 2019 |
- Global |
- 139 Pages |
- LPI(LP Information) |
- Service & Software
Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.
Beyond the pure fee costs, important time, reach, and security benefits accrue from digital remittances. The cost savings from digital remittances could be a meaningful boost to global GDP and have a noteworthy impact on poverty. In order for all of these positive developments to be realized, and enabling environment for digital remittances must be created.
Identity, connectivity, banking, and literacy solutions for all must be developed by the public and private sectors in collaboration. With the current refugee crisis, the time is ripe for digital remittances to provide enhanced economic opportunity for those that need it most.
In the foreseeable future, Digital Remittance will show an optimistic upward trend. Although Digital Remittance bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage and financial support, do not enter the Digital Remittance field hastily.
According to this study, over the next five years the Digital Remittance market will register a 23.6% CAGR in terms of revenue, the global market size will reach US$ 5720 million by 2024, from US$ 1990 million in 2019. In particular, this report presents the global revenue market share of key companies in Digital Remittance business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Digital Remittance market by product type, application, key companies and key regions.
This study considers the Digital Remittance value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Banks Digital Remittance
Digital Money Transfer Operators
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Western Union (WU)
Ria Financial Services
PayPal/Xoom
TransferWise
WorldRemit
MoneyGram
Remitly
Azimo
TransferGo
InstaReM
TNG Wallet
Coins.ph
Toast
OrbitRemit
Smiles/Digital Wallet Corporation
Avenues India Pvt Ltd
FlyRemit
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Digital Remittance market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Digital Remittance market by identifying its various subsegments.
Focuses on the key global Digital Remittance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Digital Remittance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Digital Remittance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Digital Remittance Market Report (Status and Outlook)
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Digital Remittance Market Size 2014-2024
- 2.1.2 Digital Remittance Market Size CAGR by Region
- 2.2 Digital Remittance Segment by Type
- 2.2.1 Banks Digital Remittance
- 2.2.2 Digital Money Transfer Operators
- 2.3 Digital Remittance Market Size by Type
- 2.3.1 Global Digital Remittance Market Size Market Share by Type (2014-2019)
- 2.3.2 Global Digital Remittance Market Size Growth Rate by Type (2014-2019)
- 2.4 Digital Remittance Segment by Application
- 2.4.1 Migrant Labor Workforce
- 2.4.2 Study Abroad and Travel
- 2.4.3 Small Businesses
- 2.4.4 Others
- 2.5 Digital Remittance Market Size by Application
- 2.5.1 Global Digital Remittance Market Size Market Share by Application (2014-2019)
- 2.5.2 Global Digital Remittance Market Size Growth Rate by Application (2014-2019)
3 Global Digital Remittance by Players
- 3.1 Global Digital Remittance Market Size Market Share by Players
- 3.1.1 Global Digital Remittance Market Size by Players (2017-2019)
- 3.1.2 Global Digital Remittance Market Size Market Share by Players (2017-2019)
- 3.2 Global Digital Remittance Key Players Head office and Products Offered
- 3.3 Market Concentration Rate Analysis
- 3.3.1 Competition Landscape Analysis
- 3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.4 New Products and Potential Entrants
- 3.5 Mergers & Acquisitions, Expansion
4 Digital Remittance by Regions
- 4.1 Digital Remittance Market Size by Regions
- 4.2 Americas Digital Remittance Market Size Growth
- 4.3 APAC Digital Remittance Market Size Growth
- 4.4 Europe Digital Remittance Market Size Growth
- 4.5 Middle East & Africa Digital Remittance Market Size Growth
5 Americas
- 5.1 Americas Digital Remittance Market Size by Countries
- 5.2 Americas Digital Remittance Market Size by Type
- 5.3 Americas Digital Remittance Market Size by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Digital Remittance Market Size by Countries
- 6.2 APAC Digital Remittance Market Size by Type
- 6.3 APAC Digital Remittance Market Size by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Digital Remittance by Countries
- 7.2 Europe Digital Remittance Market Size by Type
- 7.3 Europe Digital Remittance Market Size by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Digital Remittance by Countries
- 8.2 Middle East & Africa Digital Remittance Market Size by Type
- 8.3 Middle East & Africa Digital Remittance Market Size by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Global Digital Remittance Market Forecast
- 10.1 Global Digital Remittance Market Size Forecast (2019-2024)
- 10.2 Global Digital Remittance Forecast by Regions
- 10.2.1 Global Digital Remittance Forecast by Regions (2019-2024)
- 10.2.2 Americas Market Forecast
- 10.2.3 APAC Market Forecast
- 10.2.4 Europe Market Forecast
- 10.2.5 Middle East & Africa Market Forecast
- 10.3 Americas Forecast by Countries
- 10.3.1 United States Market Forecast
- 10.3.2 Canada Market Forecast
- 10.3.3 Mexico Market Forecast
- 10.3.4 Brazil Market Forecast
- 10.4 APAC Forecast by Countries
- 10.4.1 China Market Forecast
- 10.4.2 Japan Market Forecast
- 10.4.3 Korea Market Forecast
- 10.4.4 Southeast Asia Market Forecast
- 10.4.5 India Market Forecast
- 10.4.6 Australia Market Forecast
- 10.5 Europe Forecast by Countries
- 10.5.1 Germany Market Forecast
- 10.5.2 France Market Forecast
- 10.5.3 UK Market Forecast
- 10.5.4 Italy Market Forecast
- 10.5.5 Russia Market Forecast
- 10.5.6 Spain Market Forecast
- 10.6 Middle East & Africa Forecast by Countries
- 10.6.1 Egypt Market Forecast
- 10.6.2 South Africa Market Forecast
- 10.6.3 Israel Market Forecast
- 10.6.4 Turkey Market Forecast
- 10.6.5 GCC Countries Market Forecast
- 10.7 Global Digital Remittance Forecast by Type
- 10.8 Global Digital Remittance Forecast by Application
11 Key Players Analysis
- 11.1 Western Union (WU)
- 11.1.1 Company Details
- 11.1.2 Digital Remittance Product Offered
- 11.1.3 Western Union (WU) Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.1.4 Main Business Overview
- 11.1.5 Western Union (WU) News
- 11.2 Ria Financial Services
- 11.2.1 Company Details
- 11.2.2 Digital Remittance Product Offered
- 11.2.3 Ria Financial Services Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.2.4 Main Business Overview
- 11.2.5 Ria Financial Services News
- 11.3 PayPal/Xoom
- 11.3.1 Company Details
- 11.3.2 Digital Remittance Product Offered
- 11.3.3 PayPal/Xoom Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.3.4 Main Business Overview
- 11.3.5 PayPal/Xoom News
- 11.4 TransferWise
- 11.4.1 Company Details
- 11.4.2 Digital Remittance Product Offered
- 11.4.3 TransferWise Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.4.4 Main Business Overview
- 11.4.5 TransferWise News
- 11.5 WorldRemit
- 11.5.1 Company Details
- 11.5.2 Digital Remittance Product Offered
- 11.5.3 WorldRemit Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.5.4 Main Business Overview
- 11.5.5 WorldRemit News
- 11.6 MoneyGram
- 11.6.1 Company Details
- 11.6.2 Digital Remittance Product Offered
- 11.6.3 MoneyGram Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.6.4 Main Business Overview
- 11.6.5 MoneyGram News
- 11.7 Remitly
- 11.7.1 Company Details
- 11.7.2 Digital Remittance Product Offered
- 11.7.3 Remitly Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.7.4 Main Business Overview
- 11.7.5 Remitly News
- 11.8 Azimo
- 11.8.1 Company Details
- 11.8.2 Digital Remittance Product Offered
- 11.8.3 Azimo Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.8.4 Main Business Overview
- 11.8.5 Azimo News
- 11.9 TransferGo
- 11.9.1 Company Details
- 11.9.2 Digital Remittance Product Offered
- 11.9.3 TransferGo Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.9.4 Main Business Overview
- 11.9.5 TransferGo News
- 11.10 InstaReM
- 11.10.1 Company Details
- 11.10.2 Digital Remittance Product Offered
- 11.10.3 InstaReM Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
- 11.10.4 Main Business Overview
- 11.10.5 InstaReM News
- 11.11 TNG Wallet
- 11.12 Coins.ph
- 11.13 Toast
- 11.14 OrbitRemit
- 11.15 Smiles/Digital Wallet Corporation
- 11.16 Avenues India Pvt Ltd
- 11.17 FlyRemit
12 Research Findings and Conclusion
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 Growth (Status and Outlook) 2019-2024. 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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