Digital Remittance Market
Digital Remittance Market - Global Industry Assessment & Forecast
#
Pages:
144
2022
May - 2022
VMR-1522
Segments Covered
By
Type Inward Digital Remittance, Outward Digital Remittance
-
By
Channel Bank Transfer, Money Transfer Operators, Online Platforms, Others
-
By
End Use Migrant Labor Workforce, Individual, Small Businesses, Others
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 19.46 Billion |
 Revenue 2030:
|
USD 57.49 Billion |
 Revenue CAGR
(2023 - 2030): |
14.50% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
| Sr. No. | Offering | Report Coverage |
| 1. | Market Size | In terms of Revenue (USD Million) |
| 2. | Historic Data | 2017 to 2021 |
| 3. | Forecast Data | 2023 to 2030 |
| 4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
| 5. | Market Attractiveness Analysis | Yes |
| 6. | Segment Analysis | Maximum Segments |
| 7. | Regional Coverage | 5 Regions |
| 8. | Country Coverage | Top 22 Countries |
| 9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
| 10. | Porter’s Five Forces Analysis | Yes. |
| 11. | Value Chain Analysis | Yes |
| 12. | PEST Analysis | Yes |
| 13. | Regulatory Landscape | Yes |
| 14. | Technology Landscape | Yes |
| 15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
| 16. | Top startups to watch out for | Yes |
| 17. | Top 3 Trends to Watch | Yes |
| 18. | Top 3 Strategies Followed by Major Players | Yes |
| 19. | Top 3 Predictions by Vantage Market Research | Yes |
| 20. | Discussion Guide | Yes |
| 21. | Key Primary Respondents - VERBATIM | Yes |
| 22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
| 23. | Others/Miscellaneous | |
Vantage Market
Research | 04-May-2022
FAQ
Frequently Asked Question
What is the global demand for Digital Remittance in terms of revenue?
-
The global Digital Remittance valued at USD 19.46 Billion in 2022 and is expected to reach USD 57.49 Billion in 2030 growing at a CAGR of 14.50%.
Which are the prominent players in the market?
-
The prominent players in the market are Azimo Limited, Digital Wallet Corporation, Moneygram International Inc., NIUM PTE. Ltd., PayPal Holdings Inc., Remitly Inc., Ria Financial Services Ltd., Ripple Labs Inc., TransferGo Ltd., Western Union Holdings Inc., Wise (Earlier TransferWise Ltd.), WorldRemit Ltd..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 14.50% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Digital Remittance include
- Growth in cross-border transactions and mobile-based payment channels
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Digital Remittance in 2022.
