Digital Remittance Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Remittance Channel (Banks, Money Transfer Operators, Others); Remittance Type (Inward Digital Remittance, Outward Digital Remittance); Application (Personal Remittance, Business Remittance) and Geography

Report Code: TIPRE00013853 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming
Covid
MARKET INTRODUCTION

Increasing internet penetration has allowed customers to access financial remittance services. Moreover, an increase in payment automation and digitalization is anticipated to create growth opportunities over the forecast period. Moreover, an increasing number of economic migrants traveling from developing economies to developed economies searching for better work opportunities is predicted to contribute to market growth.

MARKET DYNAMICS

The rising necessity for secure, safer, and quicker cross-border monetary transactions is one of the major factors driving the growth of the digital remittance market. Moreover, the rising smartphone penetration, attached to the growing number of digital-savvy customers opting for digital remittances, is anticipated to drive the market.

MARKET SCOPE

The "Global Digital Remittance Market Analysis to 2027" is a specialized and in-depth study of the digital remittance market with a special focus on the global market trend analysis. The report aims to provide an overview of digital remittance market with detailed market segmentation by remittance channel, remittance type, application. The global digital remittance market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading digital remittance market players and offers key trends and opportunities in the digital remittance market.

MARKET SEGMENTATION

The global digital remittance market is segmented on the basis of remittance channel, remittance type, application. On the basis of remittance channel, the market is segmented as banks, money transfer operators, others. On the basis of remittance type, the market is segmented as inward digital remittance, outward digital remittance. On the basis of application, the market is segmented as personal remittance, business remittance.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global digital remittance market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The digital remittance market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting digital remittance market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the digital remittance market in these regions.




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MARKET PLAYERS


The reports cover key developments in the digital remittance market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from digital remittance market are anticipated to lucrative growth opportunities in the future with the rising demand for digital remittance market. Below mentioned is the list of few companies engaged in the digital remittance market.

The report also includes the profiles of key digital remittance market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

  •   Azimo
  •   InstaReM
  •   Mobetize Corp.
  •   MoneyGram
  •   OrbitRemit
  •   Remitly
  •   Ria Financial Services
  •   TransferWise
  •   Western Union
  •   WorldRemit Ltd

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Digital Remittance Market - By Remittance Channel
1.3.2Digital Remittance Market - By Remittance Type
1.3.3Digital Remittance Market - By Application
1.3.4Digital Remittance Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.DIGITAL REMITTANCE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTEr's FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS

5.DIGITAL REMITTANCE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6.DIGITAL REMITTANCE MARKET - GLOBAL MARKET ANALYSIS
6.1.DIGITAL REMITTANCE - GLOBAL MARKET OVERVIEW
6.2.DIGITAL REMITTANCE - GLOBAL MARKET AND FORECAST TO 2027
6.3.MARKET POSITIONING/MARKET SHARE

7.DIGITAL REMITTANCE MARKET - REVENUE AND FORECASTS TO 2027 - REMITTANCE CHANNEL
7.1.OVERVIEW
7.2.REMITTANCE CHANNEL MARKET FORECASTS AND ANALYSIS
7.3.BANKS
7.3.1.Overview
7.3.2.Banks Market Forecast and Analysis
7.4.MONEY TRANSFER OPERATORS
7.4.1.Overview
7.4.2.Money Transfer Operators Market Forecast and Analysis
7.5.OTHERS
7.5.1.Overview
7.5.2.Others Market Forecast and Analysis
8.DIGITAL REMITTANCE MARKET - REVENUE AND FORECASTS TO 2027 - REMITTANCE TYPE
8.1.OVERVIEW
8.2.REMITTANCE TYPE MARKET FORECASTS AND ANALYSIS
8.3.INWARD DIGITAL REMITTANCE
8.3.1.Overview
8.3.2.Inward Digital Remittance Market Forecast and Analysis
8.4.OUTWARD DIGITAL REMITTANCE
8.4.1.Overview
8.4.2.Outward Digital Remittance Market Forecast and Analysis
9.DIGITAL REMITTANCE MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.PERSONAL REMITTANCE
9.3.1.Overview
9.3.2.Personal Remittance Market Forecast and Analysis
9.4.BUSINESS REMITTANCE
9.4.1.Overview
9.4.2.Business Remittance Market Forecast and Analysis

10.DIGITAL REMITTANCE MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Digital Remittance Market Overview
10.1.2North America Digital Remittance Market Forecasts and Analysis
10.1.3North America Digital Remittance Market Forecasts and Analysis - By Remittance Channel
10.1.4North America Digital Remittance Market Forecasts and Analysis - By Remittance Type
10.1.5North America Digital Remittance Market Forecasts and Analysis - By Application
10.1.6North America Digital Remittance Market Forecasts and Analysis - By Countries
10.1.6.1United States Digital Remittance Market
10.1.6.1.1United States Digital Remittance Market by Remittance Channel
10.1.6.1.2United States Digital Remittance Market by Remittance Type
10.1.6.1.3United States Digital Remittance Market by Application
10.1.6.2Canada Digital Remittance Market
10.1.6.2.1Canada Digital Remittance Market by Remittance Channel
10.1.6.2.2Canada Digital Remittance Market by Remittance Type
10.1.6.2.3Canada Digital Remittance Market by Application
10.1.6.3Mexico Digital Remittance Market
10.1.6.3.1Mexico Digital Remittance Market by Remittance Channel
10.1.6.3.2Mexico Digital Remittance Market by Remittance Type
10.1.6.3.3Mexico Digital Remittance Market by Application
10.2.EUROPE
10.2.1Europe Digital Remittance Market Overview
10.2.2Europe Digital Remittance Market Forecasts and Analysis
10.2.3Europe Digital Remittance Market Forecasts and Analysis - By Remittance Channel
10.2.4Europe Digital Remittance Market Forecasts and Analysis - By Remittance Type
10.2.5Europe Digital Remittance Market Forecasts and Analysis - By Application
10.2.6Europe Digital Remittance Market Forecasts and Analysis - By Countries
10.2.6.1Germany Digital Remittance Market
10.2.6.1.1Germany Digital Remittance Market by Remittance Channel
10.2.6.1.2Germany Digital Remittance Market by Remittance Type
10.2.6.1.3Germany Digital Remittance Market by Application
10.2.6.2France Digital Remittance Market
10.2.6.2.1France Digital Remittance Market by Remittance Channel
10.2.6.2.2France Digital Remittance Market by Remittance Type
10.2.6.2.3France Digital Remittance Market by Application
10.2.6.3Italy Digital Remittance Market
10.2.6.3.1Italy Digital Remittance Market by Remittance Channel
10.2.6.3.2Italy Digital Remittance Market by Remittance Type
10.2.6.3.3Italy Digital Remittance Market by Application
10.2.6.4United Kingdom Digital Remittance Market
10.2.6.4.1United Kingdom Digital Remittance Market by Remittance Channel
10.2.6.4.2United Kingdom Digital Remittance Market by Remittance Type
10.2.6.4.3United Kingdom Digital Remittance Market by Application
10.2.6.5Russia Digital Remittance Market
10.2.6.5.1Russia Digital Remittance Market by Remittance Channel
10.2.6.5.2Russia Digital Remittance Market by Remittance Type
10.2.6.5.3Russia Digital Remittance Market by Application
10.2.6.6Rest of Europe Digital Remittance Market
10.2.6.6.1Rest of Europe Digital Remittance Market by Remittance Channel
10.2.6.6.2Rest of Europe Digital Remittance Market by Remittance Type
10.2.6.6.3Rest of Europe Digital Remittance Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Digital Remittance Market Overview
10.3.2Asia-Pacific Digital Remittance Market Forecasts and Analysis
10.3.3Asia-Pacific Digital Remittance Market Forecasts and Analysis - By Remittance Channel
10.3.4Asia-Pacific Digital Remittance Market Forecasts and Analysis - By Remittance Type
10.3.5Asia-Pacific Digital Remittance Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Digital Remittance Market Forecasts and Analysis - By Countries
10.3.6.1Australia Digital Remittance Market
10.3.6.1.1Australia Digital Remittance Market by Remittance Channel
10.3.6.1.2Australia Digital Remittance Market by Remittance Type
10.3.6.1.3Australia Digital Remittance Market by Application
10.3.6.2China Digital Remittance Market
10.3.6.2.1China Digital Remittance Market by Remittance Channel
10.3.6.2.2China Digital Remittance Market by Remittance Type
10.3.6.2.3China Digital Remittance Market by Application
10.3.6.3India Digital Remittance Market
10.3.6.3.1India Digital Remittance Market by Remittance Channel
10.3.6.3.2India Digital Remittance Market by Remittance Type
10.3.6.3.3India Digital Remittance Market by Application
10.3.6.4Japan Digital Remittance Market
10.3.6.4.1Japan Digital Remittance Market by Remittance Channel
10.3.6.4.2Japan Digital Remittance Market by Remittance Type
10.3.6.4.3Japan Digital Remittance Market by Application
10.3.6.5South Korea Digital Remittance Market
10.3.6.5.1South Korea Digital Remittance Market by Remittance Channel
10.3.6.5.2South Korea Digital Remittance Market by Remittance Type
10.3.6.5.3South Korea Digital Remittance Market by Application
10.3.6.6Rest of Asia-Pacific Digital Remittance Market
10.3.6.6.1Rest of Asia-Pacific Digital Remittance Market by Remittance Channel
10.3.6.6.2Rest of Asia-Pacific Digital Remittance Market by Remittance Type
10.3.6.6.3Rest of Asia-Pacific Digital Remittance Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Digital Remittance Market Overview
10.4.2Middle East and Africa Digital Remittance Market Forecasts and Analysis
10.4.3Middle East and Africa Digital Remittance Market Forecasts and Analysis - By Remittance Channel
10.4.4Middle East and Africa Digital Remittance Market Forecasts and Analysis - By Remittance Type
10.4.5Middle East and Africa Digital Remittance Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Digital Remittance Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Digital Remittance Market
10.4.6.1.1South Africa Digital Remittance Market by Remittance Channel
10.4.6.1.2South Africa Digital Remittance Market by Remittance Type
10.4.6.1.3South Africa Digital Remittance Market by Application
10.4.6.2Saudi Arabia Digital Remittance Market
10.4.6.2.1Saudi Arabia Digital Remittance Market by Remittance Channel
10.4.6.2.2Saudi Arabia Digital Remittance Market by Remittance Type
10.4.6.2.3Saudi Arabia Digital Remittance Market by Application
10.4.6.3U.A.E Digital Remittance Market
10.4.6.3.1U.A.E Digital Remittance Market by Remittance Channel
10.4.6.3.2U.A.E Digital Remittance Market by Remittance Type
10.4.6.3.3U.A.E Digital Remittance Market by Application
10.4.6.4Rest of Middle East and Africa Digital Remittance Market
10.4.6.4.1Rest of Middle East and Africa Digital Remittance Market by Remittance Channel
10.4.6.4.2Rest of Middle East and Africa Digital Remittance Market by Remittance Type
10.4.6.4.3Rest of Middle East and Africa Digital Remittance Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Digital Remittance Market Overview
10.5.2South and Central America Digital Remittance Market Forecasts and Analysis
10.5.3South and Central America Digital Remittance Market Forecasts and Analysis - By Remittance Channel
10.5.4South and Central America Digital Remittance Market Forecasts and Analysis - By Remittance Type
10.5.5South and Central America Digital Remittance Market Forecasts and Analysis - By Application
10.5.6South and Central America Digital Remittance Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Digital Remittance Market
10.5.6.1.1Brazil Digital Remittance Market by Remittance Channel
10.5.6.1.2Brazil Digital Remittance Market by Remittance Type
10.5.6.1.3Brazil Digital Remittance Market by Application
10.5.6.2Argentina Digital Remittance Market
10.5.6.2.1Argentina Digital Remittance Market by Remittance Channel
10.5.6.2.2Argentina Digital Remittance Market by Remittance Type
10.5.6.2.3Argentina Digital Remittance Market by Application
10.5.6.3Rest of South and Central America Digital Remittance Market
10.5.6.3.1Rest of South and Central America Digital Remittance Market by Remittance Channel
10.5.6.3.2Rest of South and Central America Digital Remittance Market by Remittance Type
10.5.6.3.3Rest of South and Central America Digital Remittance Market by Application

11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12.DIGITAL REMITTANCE MARKET, KEY COMPANY PROFILES
12.1.AZIMO
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.INSTAREM
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.MOBETIZE CORP.
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.MONEYGRAM
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.ORBITREMIT
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.REMITLY
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.RIA FINANCIAL SERVICES
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.TRANSFERWISE
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.WESTERN UNION
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.WORLDREMIT LTD
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments

13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies

1. Azimo
2. InstaReM
3. Mobetize Corp.
4. MoneyGram
5. OrbitRemit
6. Remitly
7. Ria Financial Services
8. TransferWise
9. Western Union
10. WorldRemit Ltd
TIPRE00013853
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