Seattle, WA -- (SBWIRE) -- 10/07/2019 -- The New "Digital Remittance Market 2019: Global Industry Analysis, Share, Growth, Trends and Forecasts to 2019 - 2026 " report offers an in-depth Study of all Latest Advancement in the Digital Remittance Industry. The Digital Remittance report offers the plus points as well as weaknesses of the established market players. It analyses numerous features of the global Digital Remittance market such as demand, drivers, challenges, and options. The report appraises the influence of these aspects on each market region during the estimated time. It presents the value chain analysis together with vendor list and highlights the present market situation between consumer and supplier.
This report studies the Digital Remittance market. Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.
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The report covers a forecast and an analysis of the Digital Remittance market on a global and regional level. The study provides historical data till 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes drivers and restraints of the Digital Remittance market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Digital Remittance market on a global level.
In order to give the users of this report a comprehensive view of the Digital Remittance market, we have included a competitive landscape and an analysis of Porter "s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are bench marked based on their market size, growth rate, and general attractiveness.
Top Players:
Western Union (WU), Ria Financial Services, PayPal/Xoom, TransferWise, WorldRemit, MoneyGram, Remitly, Azimo, TransferGo, InstaReM, TNG Wallet, Coins.ph, Toast
Scope of the Report:
Migrant labor workforce is the most important drivers to promote the global development. In future, the blockchain technology will exert far-reaching influence on the remittance market. Most of traditional bank, fintech and other financial firms have researched and tested the blockchain technology used in remittance volume. In the same time, some companies like Ant Financial/Alipay, Coins.ph, Auxesis, Bitspark, Rebit and Cashaa, have introduced their products in remittance.
The global Digital Remittance market is valued at 1540 million USD in 2018 and is expected to reach 5890 million USD by the end of 2024, growing at a CAGR of 25.1% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Digital Remittance.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Digital Remittance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Digital Remittance market by product type and applications/end industries.
Digital Remittance Market Detailed Insights Covers:
Global Digital Remittance Market 2019 Industry research report provides an In-Depth analysis that includes an executive summary, definition, and scope of the market. The Digital Remittance Industry is segmented on the basis of product, location and region. The segmentation is intended to give the readers a detailed understanding of the market and the essential factors comprising it. This allows giving a better description of the drivers, restraints, threats, and opportunities.
Regional Outlook: Regional analysis is another important part of the report which is segregated into different sections. One section of the report is entirely dedicated for regional consumption analysis whereas another for regional production analysis. It includes North America, Europe, China, Japan, Southeast Asia, India.
On the basis of Product: this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split into Banks Digital Remittance, Digital Money Transfer Operators etc.
On the basis on the End users/Applications: this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Digital Remittance for each application, including Migrant Labor Workforce, Study Abroad and Travel, Small Businesses etc.
The years considered to estimate the Size of Digital Remittance Market are as follows:-
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 to 2026
Digital Remittance market will prove as a valuable source of guidance for professional clients like Tier 1, Tier 2, Tier 3 level managers, CEOs, CMOs, as well as interested individual reader "s across the world. Vendor Landscape provide acts as key development and focus of above professional with common aim to lead the way of Digital Remittance market Worldwide.
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