UK Digital Remittance Market Size & Outlook, 2023-2030
UK digital remittance market, 2017-2030 (US$M)
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UK digital remittance market highlights
- The UK digital remittance market generated a revenue of USD 1,367.6 million in 2023 and is expected to reach USD 3,762.7 million by 2030.
- The UK market is expected to grow at a CAGR of 15.6% from 2024 to 2030.
- In terms of segment, outward digital remittance was the largest revenue generating type in 2023.
- Inward Digital Remittance is the most lucrative type segment registering the fastest growth during the forecast period.
Digital remittance market data book summary
| Market revenue in 2023 | USD 1,367.6 million |
| Market revenue in 2030 | USD 3,762.7 million |
| Growth rate | 15.6% (CAGR from 2023 to 2030) |
| Largest segment | Outward digital remittance |
| Fastest growing segment | Inward Digital Remittance |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inward Digital Remittance, Outward Digital Remittance |
| Key market players worldwide | Sony Group Corp, PayPal Holdings Inc, Wise PLC Class A, The Western Union Co |
Other key industry trends
- In terms of revenue, UK accounted for 6.3% of the global digital remittance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany digital remittance market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 4,837.2 million by 2030.
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Digital Remittance Market Scope
Digital Remittance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK digital remittance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital remittance market will help companies and investors design strategic landscapes.
Outward digital remittance was the largest segment with a revenue share of 58.16% in 2023. Horizon Databook has segmented the UK digital remittance market based on inward digital remittance, outward digital remittance covering the revenue growth of each sub-segment from 2017 to 2030.
- UK Digital Remittance Type Outlook (Revenue, USD Million, 2017-2030)
- Inward Digital Remittance
- Outward Digital Remittance
- UK Digital Remittance Channel Outlook (Revenue, USD Million, 2017-2030)
- Banks
- Money Transfer Operators
- Online Platforms
- Others
- UK Digital Remittance End Use Outlook (Revenue, USD Million, 2017-2030)
- Migrant Labor Workforce
- Personal
- Small Businesses
- Others
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Target buyers of UK digital remittance market databook
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Our clientele includes a mix of digital remittance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK digital remittance market , including forecasts for subscribers. This country databook contains high-level insights into UK digital remittance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK digital remittance market size, by type, 2017-2030 (US$M)
UK Digital Remittance Market Outlook Share, 2023 & 2030 (US$M)
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