India Digital Remittance Market Outlook | Share, Size, Analysis, COVID-19 IMPACT, Revenue, Companies, Trends, Forecast, Value, Industry & Growth

Market Forecast By Type (Inward Digital Remittance, Outward Digital Remittance), By Channel (Banks, Money Transfer Operators, Online Platforms, Others), By End-use (Migrant Labor Workforce, Personal, Small Businesses, Others) And Competitive Landscape
Product Code: ETC420740 Publication Date: Aug 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Digital Remittance Market Shipment Analysis

India Digital Remittance Market registered a growth of 30.11% in value shipments in 2022 as compared to 2021 and an increase of 7.75% CAGR in 2022 over a period of 2017. In Digital Remittance Market India is becoming more competitive as the HHI index in 2022 was 1652 while in 2017 it was 2472. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Digital Remittance Market.

India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Digital Remittance Market in 2022 was 0.04 while in 2017 it was 0.02. Italy, China, Switzerland, China, Hong Kong SAR and Netherlands were among the top players of the market in 2022, where Italy acquired the largest market share of 26.84% with a shipment value of 5.23 million USD in 2022 Italy also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Digital Remittance Market. In 2017 Italy had the largest market share of 41.36% with the shipment value of 3.96 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Italy offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Digital Remittance Market in 2017.

Key Highlights of the Report:

  • India Digital Remittance Market Outlook
  • Market Size of India Digital Remittance Market, 2021
  • Forecast of India Digital Remittance Market, 2028
  • Historical Data and Forecast of India Digital Remittance Revenues & Volume for the Period 2018 - 2028
  • India Digital Remittance Market Trend Evolution
  • India Digital Remittance Market Drivers and Challenges
  • India Digital Remittance Price Trends
  • India Digital Remittance Porter's Five Forces
  • India Digital Remittance Industry Life Cycle
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Type for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Inward Digital Remittance for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Outward Digital Remittance for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Channel for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Banks for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Money Transfer Operators for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Online Platforms for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Others for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By End-use for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Migrant Labor Workforce for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Personal for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Small Businesses for the Period 2018 - 2028
  • Historical Data and Forecast of India Digital Remittance Market Revenues & Volume By Others for the Period 2018 - 2028
  • India Digital Remittance Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Channel
  • Market Opportunity Assessment By End-use
  • India Digital Remittance Top Companies Market Share
  • India Digital Remittance Competitive Benchmarking By Technical and Operational Parameters
  • India Digital Remittance Company Profiles
  • India Digital Remittance Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Digital Remittance Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Digital Remittance Market Revenues & Volume, 2021 & 2028F

3.3 India Digital Remittance Market - Industry Life Cycle

3.4 India Digital Remittance Market - Porter's Five Forces

3.5 India Digital Remittance Market Revenues & Volume Share, By Type, 2021 & 2028F

3.6 India Digital Remittance Market Revenues & Volume Share, By Channel, 2021 & 2028F

3.7 India Digital Remittance Market Revenues & Volume Share, By End-use, 2021 & 2028F

4 India Digital Remittance Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Digital Remittance Market Trends

6 India Digital Remittance Market, By Types

6.1 India Digital Remittance Market, By Type

6.1.1 Overview and Analysis

6.1.2 India Digital Remittance Market Revenues & Volume, By Type, 2018 - 2028F

6.1.3 India Digital Remittance Market Revenues & Volume, By Inward Digital Remittance, 2018 - 2028F

6.1.4 India Digital Remittance Market Revenues & Volume, By Outward Digital Remittance, 2018 - 2028F

6.2 India Digital Remittance Market, By Channel

6.2.1 Overview and Analysis

6.2.2 India Digital Remittance Market Revenues & Volume, By Banks, 2018 - 2028F

6.2.3 India Digital Remittance Market Revenues & Volume, By Money Transfer Operators, 2018 - 2028F

6.2.4 India Digital Remittance Market Revenues & Volume, By Online Platforms, 2018 - 2028F

6.2.5 India Digital Remittance Market Revenues & Volume, By Others, 2018 - 2028F

6.3 India Digital Remittance Market, By End-use

6.3.1 Overview and Analysis

6.3.2 India Digital Remittance Market Revenues & Volume, By Migrant Labor Workforce, 2018 - 2028F

6.3.3 India Digital Remittance Market Revenues & Volume, By Personal, 2018 - 2028F

6.3.4 India Digital Remittance Market Revenues & Volume, By Small Businesses, 2018 - 2028F

6.3.5 India Digital Remittance Market Revenues & Volume, By Others, 2018 - 2028F

7 India Digital Remittance Market Import-Export Trade Statistics

7.1 India Digital Remittance Market Export to Major Countries

7.2 India Digital Remittance Market Imports from Major Countries

8 India Digital Remittance Market Key Performance Indicators

9 India Digital Remittance Market - Opportunity Assessment

9.1 India Digital Remittance Market Opportunity Assessment, By Type, 2021 & 2028F

9.2 India Digital Remittance Market Opportunity Assessment, By Channel, 2021 & 2028F

9.3 India Digital Remittance Market Opportunity Assessment, By End-use, 2021 & 2028F

10 India Digital Remittance Market - Competitive Landscape

10.1 India Digital Remittance Market Revenue Share, By Companies, 2021

10.2 India Digital Remittance Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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