Regional Digital Remittance Market Size and Growth Analysis 2023-2030

May 17, 2023May 17, 2023 vijay25

Market Overview:
The global Digital Remittance market size was valued at USD 4841.76 million in 2022 and is expected to expand at a CAGR of 24.96% during the forecast period, reaching USD 18436.31 million by 2028.The first online-only remittance providers appeared on the scene more than 15 years ago with the widespread use of the internet. Now a digital channel for remittances could potentially eliminate the need for costly agent networks and physical agent locations by arriving directly to a customer’s computer, laptop or (now) mobile device of choice. Yet today, the digital channel remains small when compared with the volume of remittances sent via “traditional” cash-in agents. (According to Western Union’s recently published 2017 Q4 results, for example, digital revenue represents only 10 percent of its total consumer-to-consumer segment). In most sending countries, financial access doesn’t seem to present a major barrier to using online services (which must originate from bank accounts or credit or debit cards). So even though, on average, online services are less expensive than cash-to-cash services, most remittance customers seem happy with their money transfer agent. The digital remittance revolution hasn’t quite happened yet.
This Digital Remittance Market Research Report offers a thorough examination and insights into the market’s size, shares, revenues, various segments, drivers, trends, growth, and development, as well as its limiting factors and local industrial presence. A thorough understanding of the Services sector and its commercial potential is the aim of the market study. The Digital Remittance Market Report has 101 pages and has a detailed table of contents, a list of data, tables, and charts, along with an in-depth analysis.

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Competitive Landscape:
Leading Players in the Digital Remittance Industry:

Remitly
FINSYNC
Smiles Mobile Remittance
Azimo
RemitONE
Moneytis
Vayupay
Coins.ph
ControlBox
Western Union (WU)
FlyRemit
Sooya Software
BitExchange
Ria Financial Services
Hbstech
Ant Financial/Alipay
WorldRemit
Toast Me
Currency Remit App
WeChat Payment
MoneyGram
PayPal/Xoom
TransferWise
Girmiti Software
Avenues India Pvt Ltd
Cyrus Technoedge
Remit Anywhere
Finxera
OrbitRemit
TransferGo

and More..

To preserve their position, these big corporations relied on primary growth tactics such as product portfolio expansion, current trends, financing, mergers and acquisitions, partnerships, new product invention, and geographical development.

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Market Segmentation:
Based on Product Type:

Domestic Remittance
International Remittance

Based on Application:

Business Remittance
Personal Remittance
Public Services Remittance

Regional Insights:
The countries section of the research includes selected market variables that drive current and future market developments. Consumption, import/export analysis, material prices, and upstream and downstream value chain analysis are some indicators utilized to estimate each country’s market position.

Geographically,

North America (US, Canada, Mexico)
Europe (UK, France, Germany, Spain, Italy, Central and Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of LA)
Middle East and Africa (Turkey, GCC, Rest of Middle East)

This section of the research provides essential insights into different geographies and, as a result, the major corporations functioning in each region.

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The epidemic is still causing tremendous disruption in industries throughout the world. We’ve been tracking the direct and indirect consequences of the COVID-19 outbreak on the Digital Remittance market. To Know How Covid-19 Pandemic will Impact this Industry – https://www.precisionreports.co/enquiry/request-covid19/22366386

Table of Contents:
With tables and figures to help analyze the global Digital Remittance market trends, this study provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

1. Market Definition and Statistical Scope
1.1 Objective of the Study
1.2 Digital Remittance Market Definition
1.3 Market Scope
1.3.1 Market Segmentation by Type, Downstream Industry and Marketing Channel
1.3.2 Major Geographies Covered (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
1.4 Years Considered for the Study (2018-2029)
1.5 Currency Considered (US-Dollar)
1.6 Stakeholders

2. Research Findings and Conclusion

3 Key Companies Profile
3.1 Competitive Profile
3.1.1 Global Sales and Market Share by Companies
3.1.2 Global Revenue and Market Share by Companies

4. Global Digital Remittance Market Segmented by Type
4.1 Global Sales, Revenue and Growth Rate by Type 2018-2023

5 Global Digital Remittance Market Segmented by Downstream Industry
5.1 Global Sales, Revenue and Growth Rate by Downstream Industry 2018-2023

6 Digital Remittance Industry Chain Analysis
6.1 Value Chain Status
6.2 Upstream Raw Material Analysis
6.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
6.4 Distributors/Traders
6.5 Downstream Major Customer Analysis (by Region)
6.6 Value Chain Under Regional Conflicts

7. The Development and Dynamics of Digital Remittance Market
7.1 Driving Factors of the Market
7.2 Factors Challenging the Market
7.3 Opportunities of the Global Market (Regions, Growing/Emerging Downstream Market Analysis)
7.4 Technology Status and Developments
7.5 Industry News
7.6 Market Investment Scenario Strategic Recommendations
7.7 COVID-19 Impact on Industry
7.8 Industry SWOT Analysis

8 Global Digital Remittance Market Segmented by Geography
8.1 Global Revenue and Market Share by Region 2018-2023
8.2 Global Sales and Market Share by Region 2018-2023

9 North America
9.1 North America Sales, Price, Revenue, Gross Margin and Gross Analysis from 2018-2023
9.2 North America Sales Analysis from 2018-2023
9.3 North America Import and Export from 2018-2023
9.4 North America Market by Country

10 Europe
10.1 Europe Sales, Price, Revenue, Gross Margin and Gross Analysis from 2018-2023
10.2 Europe Sales Analysis from 2018-2023
10.3 Europe Import and Export from 2018-2023
10.4 Europe Market by Country

11 Asia Pacific
12 Latin America
13 Middle East & Africa

14. Global Digital Remittance Market Forecast by Geography, Type, and Downstream Industry 2023-2029
14.1 Forecast of the Global Market from 2023-2029 by Region
14.2 Global Sales and Growth Rate Forecast by Type (2023-2029)
14.3 Global Sales and Growth Rate Forecast by Downstream Industry (2023-2029)
14.4 Market Forecast Under COVID-19

15 Appendix
15.1 Methodology
15.2 Research Data Source

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Key Benefits for Stakeholders:

The research provides a detailed quantitative analysis of key market segments, historical and current industry trends, market estimations, and market growth for the Digital Remittance market from 2018 to 2029.
The research report gives the most recent information on market drivers, challenges, and opportunities.
The research identifies the leading and fastest-growing regional marketplaces. It also allows stakeholders to identify the important country-level marketplaces within each area.
Porter’s five forces analysis supports stakeholders in measuring the influence of new entrants, competitive rivalry, supplier power, buyer power, and the possibility of replacement. It enables stakeholders to assess the amount of competition in the Digital Remittance business as well as its attractiveness.
The competitive landscape helps stakeholders understand their competitive environment and gives insight into the present positions of important companies.

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Drivers, Restrains and Research Methodology:
The research study examines the main factors that support market growth. Different curves for seizing opportunities in developing countries are caused by fundamental impediments to market expansion. The base year’s data gathering and analysis were conducted using a significant sample data collecting module. Data mining, data triangulation, market effect analysis, and preliminary validation are the main research methodologies (industry experts). Metrics, top-down analysis, supplier engagement analysis, market timeline analysis, market overview and leadership, company positioning grid, company market share analysis, and supplier positioning grid are also included in the data model. For further information on this report, please Request a Sample Copy of “Global Digital Remittance Industry Research Report 2023, Competitive Landscape, Market Size, Regional Status and Prospect” Here.

About Us:
Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.

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