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According to this study, over the next five years the Digital Remittance market will register a 24.9% CAGR in terms of revenue, the global market size will reach US$ 4535.7 million by 2024, from US$ 1863.4 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
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)
InstaReM
Ria Financial Services
TransferWise
WorldRemit
PayPal/Xoom
Azimo
MoneyGram
TransferGo
Remitly
Avenues India Pvt Ltd
WeChat Payment
FlyRemit
TNG Wallet
OrbitRemit
Toast
Smiles/Digital Wallet Corporation
Coins.ph
Ant Financial/Alipay
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.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
Global Digital Remittance Market Growth (Status and Outlook) 2019-2024
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 Banks Digital Remittance
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
2.5 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 InstaReM
11.2.1 Company Details
11.2.2 Digital Remittance Product Offered
11.2.3 InstaReM Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 InstaReM News
11.3 Ria Financial Services
11.3.1 Company Details
11.3.2 Digital Remittance Product Offered
11.3.3 Ria Financial Services Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 Ria Financial Services 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 PayPal/Xoom
11.6.1 Company Details
11.6.2 Digital Remittance Product Offered
11.6.3 PayPal/Xoom Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
11.6.4 Main Business Overview
11.6.5 PayPal/Xoom News
11.7 Azimo
11.7.1 Company Details
11.7.2 Digital Remittance Product Offered
11.7.3 Azimo Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
11.7.4 Main Business Overview
11.7.5 Azimo News
11.8 MoneyGram
11.8.1 Company Details
11.8.2 Digital Remittance Product Offered
11.8.3 MoneyGram Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
11.8.4 Main Business Overview
11.8.5 MoneyGram 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 Remitly
11.10.1 Company Details
11.10.2 Digital Remittance Product Offered
11.10.3 Remitly Digital Remittance Revenue, Gross Margin and Market Share (2017-2019)
11.10.4 Main Business Overview
11.10.5 Remitly News
11.11 Avenues India Pvt Ltd
11.12 WeChat Payment
11.13 FlyRemit
11.14 TNG Wallet
11.15 OrbitRemit
11.16 Toast
11.17 Smiles/Digital Wallet Corporation
11.18 Coins.ph
11.19 Ant Financial/Alipay
12 Research Findings and Conclusion
List of Tables and Figures
Table Product Specifications of Digital Remittance
Figure Digital Remittance Report Years Considered
Figure Market Research Methodology
Figure
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