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 report elaborates the market size, market characteristics, and market growth of the Digital Remittance industry, and breaks down according to the type, application, and consumption area of Digital Remittance. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Digital Remittance in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.

In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.

Key players in the global Digital Remittance market covered in Chapter 13:

Ria Financial Services Ltd.

The Western Union Company

WorldRemit Ltd.

TransferGo Ltd.

PayPal Holdings, Inc.

OrbitRemit Global Money Transfer Limited

Xoom

Toastme Pte Limited

Coins.ph Pte. Ltd.

Banco Rendimento

TransferWise Ltd.

SingX Pte Ltd.

Digital Wallet Corporation

TNG Limited

Ripple

Remitly, Inc.

InstaReM PTE limited

MoneyGram International, Inc.

Flywire

Azimo Limited

In Chapter 6, on the basis of types, the Digital Remittance market from 2015 to 2025 is primarily split into:

Banks Digital Remittance

Digital Money Transfer Operators

In Chapter 7, on the basis of applications, the Digital Remittance market from 2015 to 2025 covers:

Migrant Labor Workforce

Study Abroad and Travel

Small Businesses

Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:

United States

Europe

China

Japan

India

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:

North America (Covered in Chapter 8)

United States

Canada

Mexico

Europe (Covered in Chapter 9)

Germany

UK

France

Italy

Spain

Others

Asia-Pacific (Covered in Chapter 10)

China

Japan

India

South Korea

Southeast Asia

Others

Middle East and Africa (Covered in Chapter 11)

Saudi Arabia

UAE

South Africa

Others

South America (Covered in Chapter 12)

Brazil

Others

Years considered for this report:

Historical Years: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2020-2025

Table of Content

1 Digital Remittance Market - Research Scope

1.1 Study Goals

1.2 Market Definition and Scope

1.3 Key Market Segments

1.4 Study and Forecasting Years

2 Digital Remittance Market - Research Methodology

2.1 Methodology

2.2 Research Data Source

2.2.1 Secondary Data

2.2.2 Primary Data

2.2.3 Market Size Estimation

2.2.4 Legal Disclaimer

3 Digital Remittance Market Forces

3.1 Global Digital Remittance Market Size

3.2 Top Impacting Factors (PESTEL Analysis)

3.2.1 Political Factors

3.2.2 Economic Factors

3.2.3 Social Factors

3.2.4 Technological Factors

3.2.5 Environmental Factors

3.2.6 Legal Factors

3.3 Industry Trend Analysis

3.4 Industry Trends Under COVID-19

3.4.1 Risk Assessment on COVID-19

3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry

3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario

3.5 Industry Risk Assessment

4 Digital Remittance Market - By Geography

4.1 Global Digital Remittance Market Value and Market Share by Regions

4.1.1 Global Digital Remittance Value ($) by Region (2015-2020)

4.1.2 Global Digital Remittance Value Market Share by Regions (2015-2020)

4.2 Global Digital Remittance Market Production and Market Share by Major Countries

4.2.1 Global Digital Remittance Production by Major Countries (2015-2020)

4.2.2 Global Digital Remittance Production Market Share by Major Countries (2015-2020)

4.3 Global Digital Remittance Market Consumption and Market Share by Regions

4.3.1 Global Digital Remittance Consumption by Regions (2015-2020)

4.3.2 Global Digital Remittance Consumption Market Share by Regions (2015-2020)

5 Digital Remittance Market - By Trade Statistics

5.1 Global Digital Remittance Export and Import

5.2 United States Digital Remittance Export and Import (2015-2020)

5.3 Europe Digital Remittance Export and Import (2015-2020)

5.4 China Digital Remittance Export and Import (2015-2020)

5.5 Japan Digital Remittance Export and Import (2015-2020)

5.6 India Digital Remittance Export and Import (2015-2020)

5.7

6 Digital Remittance Market - By Type

6.1 Global Digital Remittance Production and Market Share by Types (2015-2020)

6.1.1 Global Digital Remittance Production by Types (2015-2020)

6.1.2 Global Digital Remittance Production Market Share by Types (2015-2020)

6.2 Global Digital Remittance Value and Market Share by Types (2015-2020)

6.2.1 Global Digital Remittance Value by Types (2015-2020)

6.2.2 Global Digital Remittance Value Market Share by Types (2015-2020)

6.3 Global Digital Remittance Production, Price and Growth Rate of Banks Digital Remittance (2015-2020)

6.4 Global Digital Remittance Production, Price and Growth Rate of Digital Money Transfer Operators (2015-2020)

7 Digital Remittance Market - By Application

7.1 Global Digital Remittance Consumption and Market Share by Applications (2015-2020)

7.1.1 Global Digital Remittance Consumption by Applications (2015-2020)

7.1.2 Global Digital Remittance Consumption Market Share by Applications (2015-2020)

7.2 Global Digital Remittance Consumption and Growth Rate of Migrant Labor Workforce (2015-2020)

7.3 Global Digital Remittance Consumption and Growth Rate of Study Abroad and Travel (2015-2020)

7.4 Global Digital Remittance Consumption and Growth Rate of Small Businesses (2015-2020)

8 North America Digital Remittance Market

8.1 North America Digital Remittance Market Size

8.2 United States Digital Remittance Market Size

8.3 Canada Digital Remittance Market Size

8.4 Mexico Digital Remittance Market Size

8.5 The Influence of COVID-19 on North America Market

9 Europe Digital Remittance Market Analysis

9.1 Europe Digital Remittance Market Size

9.2 Germany Digital Remittance Market Size

9.3 United Kingdom Digital Remittance Market Size

9.4 France Digital Remittance Market Size

9.5 Italy Digital Remittance Market Size

9.6 Spain Digital Remittance Market Size

9.7 The Influence of COVID-19 on Europe Market

10 Asia-Pacific Digital Remittance Market Analysis

10.1 Asia-Pacific Digital Remittance Market Size

10.2 China Digital Remittance Market Size

10.3 Japan Digital Remittance Market Size

10.4 South Korea Digital Remittance Market Size

10.5 Southeast Asia Digital Remittance Market Size

10.6 India Digital Remittance Market Size

10.7 The Influence of COVID-19 on Asia Pacific Market

11 Middle East and Africa Digital Remittance Market Analysis

11.1 Middle East and Africa Digital Remittance Market Size

11.2 Saudi Arabia Digital Remittance Market Size

11.3 UAE Digital Remittance Market Size

11.4 South Africa Digital Remittance Market Size

11.5 The Influence of COVID-19 on Middle East and Africa Market

12 South America Digital Remittance Market Analysis

12.1 South America Digital Remittance Market Size

12.2 Brazil Digital Remittance Market Size

12.3 The Influence of COVID-19 on South America Market

13 Company Profiles

13.1 Ria Financial Services Ltd.

13.1.1 Ria Financial Services Ltd. Basic Information

13.1.2 Ria Financial Services Ltd. Product Profiles, Application and Specification

13.1.3 Ria Financial Services Ltd. Digital Remittance Market Performance (2015-2020)

13.2 The Western Union Company

13.2.1 The Western Union Company Basic Information

13.2.2 The Western Union Company Product Profiles, Application and Specification

13.2.3 The Western Union Company Digital Remittance Market Performance (2015-2020)

13.3 WorldRemit Ltd.

13.3.1 WorldRemit Ltd. Basic Information

13.3.2 WorldRemit Ltd. Product Profiles, Application and Specification

13.3.3 WorldRemit Ltd. Digital Remittance Market Performance (2015-2020)

13.4 TransferGo Ltd.

13.4.1 TransferGo Ltd. Basic Information

13.4.2 TransferGo Ltd. Product Profiles, Application and Specification

13.4.3 TransferGo Ltd. Digital Remittance Market Performance (2015-2020)

13.5 PayPal Holdings, Inc.

13.5.1 PayPal Holdings, Inc. Basic Information

13.5.2 PayPal Holdings, Inc. Product Profiles, Application and Specification

13.5.3 PayPal Holdings, Inc. Digital Remittance Market Performance (2015-2020)

13.6 OrbitRemit Global Money Transfer Limited

13.6.1 OrbitRemit Global Money Transfer Limited Basic Information

13.6.2 OrbitRemit Global Money Transfer Limited Product Profiles, Application and Specification

13.6.3 OrbitRemit Global Money Transfer Limited Digital Remittance Market Performance (2015-2020)

13.7 Xoom

13.7.1 Xoom Basic Information

13.7.2 Xoom Product Profiles, Application and Specification

13.7.3 Xoom Digital Remittance Market Performance (2015-2020)

13.8 Toastme Pte Limited

13.8.1 Toastme Pte Limited Basic Information

13.8.2 Toastme Pte Limited Product Profiles, Application and Specification

13.8.3 Toastme Pte Limited Digital Remittance Market Performance (2015-2020)

13.9 Coins.ph Pte. Ltd.

13.9.1 Coins.ph Pte. Ltd. Basic Information

13.9.2 Coins.ph Pte. Ltd. Product Profiles, Application and Specification

13.9.3 Coins.ph Pte. Ltd. Digital Remittance Market Performance (2015-2020)

13.10 Banco Rendimento

13.10.1 Banco Rendimento Basic Information

13.10.2 Banco Rendimento Product Profiles, Application and Specification

13.10.3 Banco Rendimento Digital Remittance Market Performance (2015-2020)

13.11 TransferWise Ltd.

13.11.1 TransferWise Ltd. Basic Information

13.11.2 TransferWise Ltd. Product Profiles, Application and Specification

13.11.3 TransferWise Ltd. Digital Remittance Market Performance (2015-2020)

13.12 SingX Pte Ltd.

13.12.1 SingX Pte Ltd. Basic Information

13.12.2 SingX Pte Ltd. Product Profiles, Application and Specification

13.12.3 SingX Pte Ltd. Digital Remittance Market Performance (2015-2020)

13.13 Digital Wallet Corporation

13.13.1 Digital Wallet Corporation Basic Information

13.13.2 Digital Wallet Corporation Product Profiles, Application and Specification

13.13.3 Digital Wallet Corporation Digital Remittance Market Performance (2015-2020)

13.14 TNG Limited

13.14.1 TNG Limited Basic Information

13.14.2 TNG Limited Product Profiles, Application and Specification

13.14.3 TNG Limited Digital Remittance Market Performance (2015-2020)

13.15 Ripple

13.15.1 Ripple Basic Information

13.15.2 Ripple Product Profiles, Application and Specification

13.15.3 Ripple Digital Remittance Market Performance (2015-2020)

13.16 Remitly, Inc.

13.16.1 Remitly, Inc. Basic Information

13.16.2 Remitly, Inc. Product Profiles, Application and Specification

13.16.3 Remitly, Inc. Digital Remittance Market Performance (2015-2020)

13.17 InstaReM PTE limited

13.17.1 InstaReM PTE limited Basic Information

13.17.2 InstaReM PTE limited Product Profiles, Application and Specification

13.17.3 InstaReM PTE limited Digital Remittance Market Performance (2015-2020)

13.18 MoneyGram International, Inc.

13.18.1 MoneyGram International, Inc. Basic Information

13.18.2 MoneyGram International, Inc. Product Profiles, Application and Specification

13.18.3 MoneyGram International, Inc. Digital Remittance Market Performance (2015-2020)

13.19 Flywire

13.19.1 Flywire Basic Information

13.19.2 Flywire Product Profiles, Application and Specification

13.19.3 Flywire Digital Remittance Market Performance (2015-2020)

13.20 Azimo Limited

13.20.1 Azimo Limited Basic Information

13.20.2 Azimo Limited Product Profiles, Application and Specification

13.20.3 Azimo Limited Digital Remittance Market Performance (2015-2020)

14 Market Forecast - By Regions

14.1 North America Digital Remittance Market Forecast (2020-2025)

14.2 Europe Digital Remittance Market Forecast (2020-2025)

14.3 Asia-Pacific Digital Remittance Market Forecast (2020-2025)

14.4 Middle East and Africa Digital Remittance Market Forecast (2020-2025)

14.5 South America Digital Remittance Market Forecast (2020-2025)

15 Market Forecast - By Type and Applications

15.1 Global Digital Remittance Market Forecast by Types (2020-2025)

15.1.1 Global Digital Remittance Market Forecast Production and Market Share by Types (2020-2025)

15.1.2 Global Digital Remittance Market Forecast Value and Market Share by Types (2020-2025)

15.2 Global Digital Remittance Market Forecast by Applications (2020-2025)

List of Tables and Figures

Figure Digital Remittance Picture

Table Digital Remittance Key Market Segments

Figure Study and Forecasting Years

Figure Global Digital Remittance Market Size and Growth Rate 2015-2025

Figure Industry PESTEL Analysis

Figure Global COVID-19 Status

Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19

Figure Global Digital Remittance Value ($) and Growth Rate (2015-2020)

Table Global Digital Remittance Value ($) by Countries (2015-2020)

Table Global Digital Remittance Value Market Share by Regions (2015-2020)

Figure Global Digital Remittance Value Market Share by Regions in 2019

Figure Global Digital Remittance Production and Growth Rate (2015-2020)

Table Global Digital Remittance Production by Major Countries (2015-2020)

Table Global Digital Remittance Production Market Share by Major Countries (2015-2020)

Figure Global Digital Remittance Production Market Share by Regions in 2019

Figure Global Digital Remittance Consumption and Growth Rate (2015-2020)

Table Global Digital Remittance Consumption by Regions (2015-2020)

Table Global Digital Remittance Consumption Market Share by Regions (2015-2020)

Figure Global Digital Remittance Consumption Market Share by Regions in 2019

Table Global Digital Remittance Export Top 3 Country 2019

Table Global Digital Remittance Import Top 3 Country 2019

Table United States Digital Remittance Export and Import (2015-2020)

Table Europe Digital Remittance Export and Import (2015-2020)

Table China Digital Remittance Export and Import (2015-2020)

Table Japan Digital Remittance Export and Import (2015-2020)

Table India Digital Remittance Export and Import (2015-2020)

Table Global Digital Remittance Production by Types (2015-2020)

Table Global Digital Remittance Production Market Share by Types (2015-2020)

Figure Global Digital Remittance Production Share by Type (2015-2020)

Table Global Digital Remittance Value by Types (2015-2020)

Table Global Digital Remittance Value Market Share by Types (2015-2020)

Figure Global Digital Remittance Value Share by Type (2015-2020)

Figure Global Banks Digital Remittance Production and Growth Rate (2015-2020)

Figure Global Banks Digital Remittance Price (2015-2020)

Figure Global Digital Money Transfer Operators Production and Growth Rate (2015-2020)

Figure Global Digital Money Transfer Operators Price (2015-2020)

Table Global Digital Remittance Consumption by Applications (2015-2020)

Table Global Digital Remittance Consumption Market Share by Applications (2015-2020)

Figure Global Digital Remittance Consumption Share by Application (2015-2020)

Figure Global Migrant Labor Workforce Consumption and Growth Rate (2015-2020)

Figure Global Study Abroad and Travel Consumption and Growth Rate (2015-2020)

Figure Global Small Businesses Consumption and Growth Rate (2015-2020)

Figure North America Digital Remittance Market Consumption and Growth Rate (2015-2020)

Table North America Digital Remittance Consumption by Countries (2015-2020)

Table North America Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure North America Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure United States Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure Canada Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure Mexico Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure North America COVID-19 Status

Figure Europe Digital Remittance Market Consumption and Growth Rate (2015-2020)

Table Europe Digital Remittance Consumption by Countries (2015-2020)

Table Europe Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure Europe Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure Germany Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure United Kingdom Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure France Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure Italy Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure Spain Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure Europe COVID-19 Status

Figure Asia-Pacific Digital Remittance Market Consumption and Growth Rate (2015-2020)

Table Asia-Pacific Digital Remittance Consumption by Countries (2015-2020)

Table Asia-Pacific Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure Asia-Pacific Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure China Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure Japan Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure South Korea Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure Southeast Asia Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure India Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure Asia Pacific COVID-19 Status

Figure Middle East and Africa Digital Remittance Market Consumption and Growth Rate (2015-2020)

Table Middle East and Africa Digital Remittance Consumption by Countries (2015-2020)

Table Middle East and Africa Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure Middle East and Africa Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure Saudi Arabia Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure UAE Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure South Africa Digital Remittance Market Consumption and Growth Rate (2015-2020)

Figure South America Digital Remittance Market Consumption and Growth Rate (2015-2020)

Table South America Digital Remittance Consumption by Countries (2015-2020)

Table South America Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure South America Digital Remittance Consumption Market Share by Countries (2015-2020)

Figure Brazil Digital Remittance Market Consumption and Growth Rate (2015-2020)

Table Ria Financial Services Ltd. Company Profile

Table Ria Financial Services Ltd. Production, Value, Price, Gross Margin 2015-2020

Figure Ria Financial Services Ltd. Production and Growth Rate

Figure Ria Financial Services Ltd. Value ($) Market Share 2015-2020

Table The Western Union Company Company Profile

Table The Western Union Company Production, Value, Price, Gross Margin 2015-2020

Figure The Western Union Company Production and Growth Rate

Figure The Western Union Company Value ($) Market Share 2015-2020

Table WorldRemit Ltd. Company Profile

Table WorldRemit Ltd. Production, Value, Price, Gross Margin 2015-2020

Figure WorldRemit Ltd. Production and Growth Rate

Figure WorldRemit Ltd. Value ($) Market Share 2015-2020

Table TransferGo Ltd. Company Profile

Table TransferGo Ltd. Production, Value, Price, Gross Margin 2015-2020

Figure TransferGo Ltd. Production and Growth Rate

Figure TransferGo Ltd. Value ($) Market Share 2015-2020

Table PayPal Holdings, Inc. Company Profile

Table PayPal Holdings, Inc. Production, Value, Price, Gross Margin 2015-2020

Figure PayPal Holdings, Inc. Production and Growth Rate

Figure PayPal Holdings, Inc. Value ($) Market Share 2015-2020

Table OrbitRemit Global Money Transfer Limited Company Profile

Table OrbitRemit Global Money Transfer Limited Production, Value, Price, Gross Margin 2015-2020

Figure OrbitRemit Global Money Transfer Limited Production and Growth Rate

Figure OrbitRemit Global Money Transfer Limited Value ($) Market Share 2015-2020

Table Xoom Company Profile

Table Xoom Production, Value, Price, Gross Margin 2015-2020

Figure Xoom Production and Growth Rate

Figure Xoom Value ($) Market Share 2015-2020

Table Toastme Pte Limited Company Profile

Table Toastme Pte Limited Production, Value, Price, Gross Margin 2015-2020

Figure Toastme Pte Limited Production and Growth Rate

Figure Toastme Pte Limited Value ($) Market Share 2015-2020

Table Coins.ph Pte. Ltd. Company Profile

Table Coins.ph Pte. Ltd. Production, Value, Price, Gross Margin 2015-2020

Figure Coins.ph Pte. Ltd. Production and Growth Rate

Figure Coins.ph Pte. Ltd. Value ($) Market Share 2015-2020

Table Banco Rendimento Company Profile

Table Banco Rendimento Production, Value, Price, Gross Margin 2015-2020

Figure Banco Rendimento Production and Growth Rate

Figure Banco Rendimento Value ($) Market Share 2015-2020

Table TransferWise Ltd. Company Profile

Table TransferWise Ltd. Production, Value, Price, Gross Margin 2015-2020

Figure TransferWise Ltd. Production and Growth Rate

Figure TransferWise Ltd. Value ($) Market Share 2015-2020

Table SingX Pte Ltd. Company Profile

Table SingX Pte Ltd. Production, Value, Price, Gross Margin 2015-2020

Figure SingX Pte Ltd. Production and Growth Rate

Figure SingX Pte Ltd. Value ($) Market Share 2015-2020

Table Digital Wallet Corporation Company Profile

Table Digital Wallet Corporation Production, Value, Price, Gross Margin 2015-2020

Figure Digital Wallet Corporation Production and Growth Rate

Figure Digital Wallet Corporation Value ($) Market Share 2015-2020

Table TNG Limited Company Profile

Table TNG Limited Production, Value, Price, Gross Margin 2015-2020

Figure TNG Limited Production and Growth Rate

Figure TNG Limited Value ($) Market Share 2015-2020

Table Ripple Company Profile

Table Ripple Production, Value, Price, Gross Margin 2015-2020

Figure Ripple Production and Growth Rate

Figure Ripple Value ($) Market Share 2015-2020

Table Remitly, Inc. Company Profile

Table Remitly, Inc. Production, Value, Price, Gross Margin 2015-2020

Figure Remitly, Inc. Production and Growth Rate

Figure Remitly, Inc. Value ($) Market Share 2015-2020

Table InstaReM PTE limited Company Profile

Table InstaReM PTE limited Production, Value, Price, Gross Margin 2015-2020

Figure InstaReM PTE limited Production and Growth Rate

Figure InstaReM PTE limited Value ($) Market Share 2015-2020

Table MoneyGram International, Inc. Company Profile

Table MoneyGram International, Inc. Production, Value, Price, Gross Margin 2015-2020

Figure MoneyGram International, Inc. Production and Growth Rate

Figure MoneyGram International, Inc. Value ($) Market Share 2015-2020

Table Flywire Company Profile

Table Flywire Production, Value, Price, Gross Margin 2015-2020

Figure Flywire Production and Growth Rate

Figure Flywire Value ($) Market Share 2015-2020

Table Azimo Limited Company Profile

Table Azimo Limited Production, Value, Price, Gross Margin 2015-2020

Figure Azimo Limited Production and Growth Rate

Figure Azimo Limited Value ($) Market Share 2015-2020

Figure North America Market Consumption and Growth Rate Forecast (2020-2025)

Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)

Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)

Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)

Figure South America Market Consumption and Growth Rate Forecast (2020-2025)

Table Global Digital Remittance Market Forecast Production by Types (2020-2025)

Table Global Digital Remittance Market Forecast Production Share by Types (2020-2025)

Table Global Digital Remittance Market Forecast Value ($) by Types (2020-2025)

Table Global Digital Remittance Market Forecast Value Share by Types (2020-2025)

Table Global Digital Remittance Market Forecast Consumption by Applications (2020-2025)

Table Global Digital Remittance Market Forecast Consumption Share by Applications (2020-2025)

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)