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sudeepkedar · 24 days

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Open Banking Market is Predicted to Grow At More Than 22% CAGR till 2032

Open Banking Market size is estimated to be valued at USD 130.2 Bn till 2032. The rising integration with digital currency platforms to enable seamless transactions between fiat currencies and cryptocurrencies will influence the industry growth. The implementation of robust security measures, such as encryption, multi-factor authentication, and real-time monitoring, has grown critical for protecting sensitive financial data in open banking. Of late, leading financial institutions and fintech firms are exploring subscription-based models for open banking services to offer premium features and value-added services through tiered pricing plans.

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Open banking market share from the digital currencies financial services segment is expected to exponentially expand between 2024 and 2032. By directly linking digital wallets to their banking systems, open banking streamlines the acceptance of digital currency payments by merchants. This integration lowers the hurdles for businesses eager to embrace cryptocurrencies. Furthermore, it enables connections with global financial institutions, simplifying cross-border transactions and allowing users to effortlessly send and receive payments in various currencies worldwide.

The on-premise deployment model segment is expected to account for considerable share of the open banking industry by 2032. Financial institutions using on-premise open banking solutions can fully control sensitive customer data. As concerns about data breaches and cyberattacks grow, numerous banks are opting to manage data in-house instead of depending on third-party cloud services. On-premise deployments further allow banks to customize their open banking infrastructure as per their specific needs. This flexibility is particularly important for large financial institutions with complex IT environments that require bespoke solutions.

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Asia Pacific open banking industry size is anticipated to reach a significant share by 2032. This is propelled by the surge in cross-border open banking services, particularly in areas, such as remittances and international payments. Countries like India, Indonesia, and Vietnam are witnessing a swift expansion of open banking. With a vast unbanked populace and a strong mobile presence, these nations present lucrative prospects for open banking solutions. The proliferation of digital payments in China and India will also influence regional market growth.

Partial chapters of report table of contents (TOC):

Chapter 1 Methodology & Scope

1.1 Market scope & definition

1.2 Research design

1.2.1 Research approach

1.2.2 Data collection methods

1.3 Base estimates & calculations

1.3.1 Base year calculation

1.3.2 Key trends for market estimation

1.4 Forecast model

1.5 Primary research and validation

1.5.1 Primary sources

1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 3600 synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis

3.2 Supplier landscape

3.2.1 API platforms and gateway providers

3.2.2 Security solutions providers

3.2.3 RegTech providers

3.2.4 End user

3.3 Profit margin analysis

3.4 Technology & innovation landscape

3.5 Patent analysis

3.6 Key news & initiatives

3.7 Regulatory landscape

3.8 Impact forces

3.8.1 Growth drivers

3.8.1.1 Increase in adoption of digital banking for convenience and accessibility

3.8.1.2 Technological advancements in big data analytics, artificial intelligence (AI), and APIs

3.8.1.3 Government initiatives and regulatory support to enhance financial transparency

3.8.1.4 Consumer demand for personalized services

3.8.2 Industry pitfalls & challenges

3.8.2.1 Security and privacy concerns

3.8.2.2 Lack of consumer trust and adoption

3.9 Growth potential analysis

3.10 Porter’s analysis

3.11 PESTEL analysis

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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marketinsight1234 · 5 months

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Mobile Remittance Service Market: Forthcoming Trends and Share Analysis by 2030

Global Mobile Remittance Service Market size is expected to grow from USD 22211.01 Million in 2023 to USD 85191.62 Million by 2032, at a CAGR of 16.11% during the forecast period (2024–2032)

You can use a mobile phone to send and receive money electronically with a mobile remittance service. It's an easy and accessible alternative to going in person to a bank or money transfer agency to transfer money. Bill payments and peer-to-peer transactions are made easier with the usage of mobile remittance services, which are available both domestically and internationally. They provide consumers with freedom in managing their finances by meeting the increasing demand for cross-border remittances and facilitating transactions between conventional bank accounts and mobile wallets. The market for conventional bank accounts is also present.

Financial inclusion, cost effectiveness, speed, and convenience are all provided by mobile remittance services. They enable customers to start transactions whenever and wherever they choose by doing away with the necessity for actual trips to banks or remittance centers. They are perfect for urgent financial situations because they offer transfers that happen almost instantly. Financial inclusion for individuals without simple access to traditional banking is further enhanced by the fact that digital transactions frequently have lower fees than traditional methods.

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Updated Version 2024 is available our Sample Report May Includes the:

Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Leading players involved in the Mobile Remittance Service Market include:

Mobetize Corp. (U.S.)

MoneyGram (U.S.)

Remitly (U.S.)

Regalii (U.S.)

Flywire (U.S.)

PayPal. (U.S.)

Ria Financial Services (U.S)

Western Union Holdings, Inc. (U.S)

Currency Cloud (UK)

Azimo (UK)

WorldRemit (UK)

TransferWise (UK)

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

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Segmentation of Mobile Remittance Service Market:

By Type

Banks

Money Transfer Operators

By Application

Migrant Labor Workforce

Low-income Households

Small Businesses

An in-depth study of the Mobile Remittance Service industry for the years 2024–2032 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Key Benefits of Mobile Remittance Service Market Research:

Research Report covers the Industry drivers, restraints, opportunities and challenges

Competitive landscape & strategies of leading key players

Potential & niche segments and regional analysis exhibiting promising growth covered in the study

Recent industry trends and market developments

Research provides historical, current, and projected market size & share, in terms of value

Market intelligence to enable effective decision making

Growth opportunities and trend analysis

Covid-19 Impact analysis and analysis to Mobile Remittance Service market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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#Mobile Remittance Service #Mobile Remittance Service Market #Mobile Remittance Service Market Size #Mobile Remittance Service Market Share #Mobile Remittance Service Market Growth #Mobile Remittance Service Market Trend #Mobile Remittance Service Market segment #Mobile Remittance Service Market Opportunity #Mobile Remittance Service Market Analysis 2023

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market-insider · 9 months

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Blockchain in Retail Banking Market Strategies Unveiled: Future-Proof Finance

The global blockchain in retail banking market size is expected to reach USD 140.26 billion by 2030, advancing at a CAGR of 83.9% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The rise in the fintech industry, the IT industry revolution, the rise in competition, and evolving customer expectations are some of the reasons that are driving the market growth. Retail banks are focusing on adopting digital transformation and advanced technologies to streamline their business process and customer offerings, which bodes well for the adoption of blockchain in retail banking.

Blockchain in Retail Banking Market Report Highlights

The hybrid segment is expected to witness significant growth over the forecast period. Hybrid blockchain combines the benefits provided by both public and private blockchains. It allows retail banks to establish a private-permission-based system, with data stored on the blockchain being administered and public, contributing to the segment's growth

The application & solution segment is expected to witness significant growth over the forecast period. Blockchain provides applications & solutions, which include remittance, KYC, and fraud detection, enhancing retail banks' business processes. The extensive end use of these applications & solutions is flourishing the segment’s growth

The large enterprise segment dominated the market in 2021 and is expected to witness significant growth over the forecast period. Large enterprises deal with enormous amounts of data that must be processed, verified, and streamlined for better employee and consumer experience. Blockchain provides all these benefits, which are driving the segment's growth

The remittances segment is expected to register significant growth over the forecast period. Some of the challenges faced by traditional remittance services include higher processing time and higher service costs. Blockchain eliminates these roadblocks and provides real-time remittance at a lower price, which is expected to drive the segment's growth

Asia Pacific is expected to register rapid growth during the forecast period. The region is a hotspot for technologically inclined youth, who are more adaptable to technologies. Additionally, the favorable government initiatives to promote blockchain and many retail banks adopting advanced technologies to offer enhanced customer experience are driving the region's growth

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Blockchain technology uses distributed, decentralized ledger that records transactions across many networks, which cannot be altered once registered. This provides banks with the necessary infrastructure to maintain their data confidentiality, real-time information, and payment transactions. Additionally, no single entity controls the ledger and every time a transaction is added, everyone on the network gets a copy of it. This provides the utmost transparency to retail banks, contributing to the market's growth.

Blockchain technology also facilitates real-time payments, enabling users to make payments 24/7. Adopting this technology helps banks save on costs and meet the latest security standards while providing a sophisticated customer experience. Leading banks across the globe are adopting blockchain for operational efficiency, which is anticipated to boost the demand for these platforms, further propelling the industry’s growth.

The COVID-19 outbreak played a crucial role in the development of blockchain in the retail banking market. Significant banks and non-banking financial corporations in the retail segment have shifted from traditional technologies to digital infrastructure. Thus, market leaders' introduction of advanced blockchain financial software in retail banking and increasing digital infrastructure fueled during the pandemic are some critical factors contributing to the market's growth.

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prasannareddy · 11 months

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Remittance Market Technology, Key Manufacturers Report 2022-2030: Special Focus on USA, Europe, Japan Market

The research on the growth of the "Remittance Market" from 2023 to 2030 offers valuable insights into present trends, hurdles, market risks, and limitations faced by key vendors. This comprehensive report encompasses geographical segmentation, current demand trends, in-depth growth rate analysis, industry revenue, and a detailed examination of the Compound Annual Growth Rate (CAGR). Additionally, this report on the Remittance market delivers both qualitative and quantitative analyses, including company profiles, investment prospects, strategic development strategies, industry size, and global market share assessments.

Allied Market Research published a report, titled, "Remittance Market By Application (Consumption, Savings, and Investment), Remittance Channel (Banks, Money Transfer Operator, and Others), and End User (Business and Personal): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report, the global remittance industry was estimated at $701.93 billion in 2020, and is anticipated to hit $1.23 trillion by 2030, registering a CAGR of 5.7% from 2021 to 2030.

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Drivers, Restraints, and Opportunities

Surge in cross-border transactions & mobile-based payment channels, lowered cost & transfer time, and increase in adoption of banking & financial services fuel the growth of the global remittance market. On the other hand, lack of awareness regarding digital remittance and slowdown in the Asia-Pacific region impede the growth to some extent. However, technological innovations and increase in penetration of smartphones & the internet create new opportunities in the industry.

COVID-19 Scenario:

The outbreak of Covid-19 paralyzed the economy of the majority of countries, especially during the initial phase, thereby impacting the global remittance market negatively. A fall in remittance flows also imposed economic, fiscal, and social burdens across the world. However, the market is projected to recoup soon. The Consumption Segment to Dominate By 2030

Based on application, the consumption segment accounted for nearly three-fifths of the global remittance market share in 2020, and is anticipated to rule the roost by 2030. A huge sum of money is remitted every month by the workers to their home country for food, clothing, and other expenditures. This factor drives the growth of the segment. The investment segment, however, would cite the fastest CAGR of 8.1% throughout the forecast period. This is due to the fact that it helps developed countries regenerate new revenue stream by investing the remitted money in different investment schemes, which boosts the GDP of the country.

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The Banks Segment to Maintain the Dominant Share

Based on remittance channel, the banks segment held nearly half of the global remittance market revenue in 2020, and is expected to lead the trail by 2030. The fact that banks are joining forces to develop cross-border real-time services propels the segment growth. The money transfer operator segment, on the other hand, would manifest the fastest CAGR of 8.1% from 2020 to 2030. This is because an array of digital-only players such as WorldRemit, Xoom, Transfer Wise, and InstaReM enable direct global money transfers sent from and received through mobile wallets held on personal devices.

Asia-Pacific, Followed By LAMEA, Europe, and North America, Garnered the Major Share in 2020

Based on region, Asia-Pacific, followed by LAMEA, Europe, and North America, held the major share in 2020, generating nearly half of the global remittance market. The same region would also grow at the fastest CAGR of 6.4% by 2030. This is attributed to rapidly advancing technologies, evolving customer expectations, and changing regulatory setting in the region.

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Key Players in the Industry

Citigroup Inc. XOOM JPMorgan Chase & Co. RIA Financial Services Ltd. TransferWise Ltd. MoneyGram International Inc. Bank of America UAE Exchange Wells Fargo Western Union Holdings Inc.

Top Impacting Factors Rise in Cross-Border Transactions and Mobile-Based Payment Channels Reduced Remittance Cost and Transfer Time

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Remittance Market Report Highlights

By Application

Consumption Savings Investment

By Remittance Channel

Banks Money Transfer Operator Others

By End User

Business Personal

By Region

North America (U.S., Canada) Europe (France, Germany, UK, Italy, Spain, Rest of Europe) Asia-Pacific (China, Japan, India, Philippines, Pakistan, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa)

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

#Remittance Market

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markettrendsus · 1 year

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The Growing Money Transfer Services Market

The Global Money Transfer Services Market is expected to reach a value of USD 24.2 billion in 2023, and it is further anticipated to reach a market value of USD 93.2 billion by 2032 at a CAGR of 16.2%. The market has seen significant growth over the past few years and is predicted to grow significantly during the forecasted period as well.

Key Drivers of the Money Transfer Services Market

Some of the major factors driving growth in the money transfer services market include:

Increasing Migration and Globalization

Migration rates have increased globally with more people moving abroad for work, education or other reasons. This has significantly driven the need for international money transfers.

Globalization has also led to increased outsourcing of jobs overseas resulting in cross-border salary payments.

Need for Secure Platforms

Consumers are looking for safer and more convenient ways to transfer money domestically and internationally. This has driven demand for digital money transfer platforms.

High Remittance Flows

Remittances or funds sent home by migrants have seen sharp growth over the years especially in emerging economies. This has bolstered the money transfer services market.

Favorable Government Policies

Supportive government policies towards digital payments and fund transfers have provided an impetus to players in this market.

Increasing Banking Penetration

Rising banking penetration globally has also favored the money transfer services market as more customers opt for bank-led transfers.

Technological Advancements

Emergence of artificial intelligence, blockchain, digital identities and other technologies have enabled faster, cheaper and more efficient money transfers.

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Key Segments of the Money Transfer Services Market

The money transfer services market can be segmented on the basis of type, mode of transfer, end user and region.

By Type

Domestic Money Transfer

International Money Transfer

Domestic transfers form the bulk of the market currently. However, international transfers are growing at a faster pace.

By Mode of Transfer

Digital Transfers

Online platforms

Mobile wallets

Others

Non-digital Transfers

Banks

Non-bank RSPs

Others

Digital modes of transfer like online platforms and mobile wallets are gaining prominence globally due to their speed and convenience. However, traditional non-digital transfers through banks and other players still account for a considerable share.

By End User

Consumer

Enterprise

Government

While consumers account for a significant portion of money transfers, enterprise and government transfers are also growing. Enterprise transfers include services like payroll and bulk payments. Government transfers involve services like tax refunds, benefits, etc.

By Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

North America and Europe are mature money transfer markets dominated by digital transfers. However, emerging regions like Asia Pacific and Middle East & Africa are likely to exhibit rapid growth fueled by rising remittances, internet penetration and smartphone usage.

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Key Players in the Money Transfer Services Market

Some of the major companies operating in this market include:

Western Union

MoneyGram

Ria Financial Services

TransferWise

WorldRemit

Remitly

Azimo

TransferGo

InstaReM

TNG Fintech

While Western Union and MoneyGram have traditionally dominated the market, new digital platforms like TransferWise, WorldRemit and Remitly are rapidly gaining share. Most players are focused on enhancing digital capabilities, expanding in emerging markets and offering differentiated services to tap growth opportunities.

Trends Shaping the Money Transfer Services Market

Some of the key trends influencing and transforming the money transfer services market are:

Proliferation of Fintech Players

The entry of several fintech companies with innovative business models and technologies has intensified competition and expanded the reach of money transfer services. These agile companies are scaling rapidly.

Blockchain-enabled Transfers

Blockchain is finding increasing application in cross-border transfers through cryptos as well as fiat currency transfers by reducing costs and settlement times.

Integration of Biometrics

Use of biometric authentication including fingerprints and facial recognition in money transfers is rising which provides enhanced security and convenience to customers.

Partnerships and M&A Activity

Collaboration between traditional and fintech players is rising through partnerships and acquisitions. These deals provide innovation capabilities and scale advantages.

Expanding Remittance Corridors

Players are expanding into high-potential remittance corridors in emerging markets to capitalize on rising migrant populations and increasing financial inclusion.

Focus on Customer Experience

Providing omni-channel access, faster transfers, transparency and personalized services is a key focus area to improve customer experience.

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Impact of COVID-19 on the Money Transfer Services Market

The COVID-19 pandemic affected the money transfer services market in several ways:

Decline in overall transaction volumes due to job losses and economic slowdown

Shift in flows from certain remittance-dependent countries

Acceleration in adoption of digital transfers and contactless solutions

Increased importance of faster, cheaper and more accessible remittance services

Players adapted by enhancing digital capabilities, targeting digitally savvy customers, entering new corridors and forging partnerships

Market recovery is underway but economic uncertainty may impact certain regions/segments

Future Outlook for the Money Transfer Services Market

The money transfer services market is projected to exhibit robust growth over the forecast period owing to:

Continued migration and globalization requiring cross-border transfers

Lowering costs and increased speed of international transfers

Adoption of new technologies like AI, predictive analytics and blockchain

Rising flows to emerging markets with expanding financial inclusion

Growing small business payments and e-commerce driving digital transfers

Increased outsourcing and freelancing requiring frequent cross-border payments

Regulatory support for innovation increasing fintech participation

Players expanding through new markets, partnerships and M&A activity

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Frequently Asked Questions (FAQs) on the Money Transfer Services Market

Q1. What is the global money transfer services market size?

The global money transfer services market is estimated to be valued at around $xxx billion in 2022. It is projected to reach $xxx billion by 2027 growing at a CAGR of xx%.

Q2. Who are the key players in this market?

Some of the major companies operating in the money transfer services market are Western Union, MoneyGram, Ria Financial Services, TransferWise, WorldRemit, Remitly, Azimo and others. The market has a mix of traditional players and new fintech entrants.

Q3. What are the main drivers of this market?

The key drivers are increasing global migration and workforce mobility requiring cross-border transfers, need for secure digital transfer platforms, rise in remittance volumes, supportive government regulations and increasing banking penetration.

Q4. Which region dominates the money transfer services market?

North America and Europe are mature and developed markets that command the highest share. However, high growth is expected in Asia Pacific, Middle East & Africa and Latin America driven by rising migrant populations, increasing financial inclusion and smartphone penetration.

Q5. What are the key technologies disrupting this market?

Some of the main technologies changing the money transfer services market are blockchain, artificial intelligence/machine learning, digital identities and biometrics like facial recognition. These are enabling faster, cheaper and more convenient transfers.

Q6. What is the impact of COVID-19 on the market?

COVID-19 resulted in an initial decline in transaction volumes due to job losses and lockdowns. However, it accelerated the adoption of digital transfers and contactless platforms. The market is recovering as flows improve but economic uncertainty persists.

Q7. What is the future outlook for the money transfer services market?

The market is projected to grow at a CAGR of xx% from 2022 to 2027. Key factors driving future growth are increasing migration, adoption of new technologies, growing e-commerce and freelancing requiring frequent payments and expansion by players into emerging markets.

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Conclusion

The money transfer services market is undergoing rapid evolution with the growing adoption of digital platforms and the entry of fintech innovators. While cross-border migration and remittance flows continue to expand, customers are also demanding faster, cheaper and more convenient transfer options. The use of emerging technologies is increasing while regulatory support is promoting more competition. Players are responding by enhancing digital capabilities, forging partnerships and targeting underpenetrated markets. The future looks promising for this market as the underlying growth drivers remain strong. With continuous innovation in services, the money transfer experience for customers is expected to improve further in the coming years.

#share #size

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alliedcreation · 1 year

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Domestic Tourism Market Size is Projected to Expand at a Noteworthy CAGR of 13.4 %

The global domestic tourism market is expanding as a result of a rise in demand for unusual and exotic vacation experiences, a rise in social media influence and its effects on the travel industry, and a rise in the popularity of online bookings. Additionally, the market is growing as a result of the convergence of big data analytics, artificial intelligence, and mobile applications. The global domestic tourism industry is anticipated to reach $6,736.1 by 2030, according to Allied Market Research. From 2021 to 2030, the market is projected to expand at a noteworthy CAGR of 13.4 percent. The research provides a thorough analysis of the segments of the domestic tourism market, including location, tour type, booking methods, age group, and area.

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Key Take Away

The local or regional travel segment would witness the faster growth, registering a CAGR of 16.4% during the forecast. OTA segment would dominate the market, accounting for 56% of the market. On the basis of mode of booking, the direct booking segment acquired $930.9 billion, exhibiting 43.28% of the global market share. Conference/Meetings segment would witness the fastest growth, registering a CAGR of 16.2% during the forecast period. The 50 years and above age group segment would witness the fastest growth, registering a CAGR of 15.2% during the forecast. Asia-Pacific is the largest market growing at a CAGR of 12.7% from 2021-2030.

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As tourists seek more tourist destinations, small & medium enterprises (SMEs) will play a more important role in ensuring the long-term sustainability and sustainability of the tourism industry. Governments and institutions need to support SMEs in these difficult times and help them achieve this transition. The pandemic may include tax breaks and remittances, which are essential for SMEs to maintain their business and help their online businesses and national platforms to digitally transform, which may become a new source of external income. Emerging companies have experienced a boom in the region to meet the needs of those willing to travel. For example, in Thailand, cafes started serving dinner on old planes for people who never flew.

The domestic tourism market is segmented into location, mode of booking, tour type, age group, and region. On the basis of location, the market is categorized into local or regional travel and interstate travel. By mode of booking, it is segregated into OTA and direct booking. Depending on tour type, it is fragmented into conferences/meetings, weekend getaways, adventures tours, organized tours, holidays trip, and others. As per age group, it is segregated into below 30 years, 30–41 years, 42–49 years, and 50 years & above. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, Italy, Russia, Sweden, Switzerland, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, New Zealand, South Korea, Thailand, Malaysia, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, United Arab Emirates, Turkey, and rest of LAMEA).

On the basis of location, the local or regional travel segment was valued at $295.3 billion in 2020, and is projected to reach $1,983.0 billion by 2030, growing at a CAGR of 16.4% from 2021 to 2030. The trends of local immersion and authentic experiences are encouraging visitors to explore new destinations in their local or regional area. People are slowing their travel experiences, preferring to focus on a single region where they can leisurely mingle with locals and discover a true insider’s experience in their home region. Thus, raising interest of the people to explore and get aware of popular destination places in their local and regional area is likely to garner the growth of the domestic tourism market through local or regional travel segment.

According to tour type, the adventures tours segment was valued at $292.1 billion in 2020, and is expected to grow at $1,879.5 billion by 2030, registering a CAGR of 15.9%. Activities involved in the adventure tours such as land-based activity, water-based activity, and air-based activity are gaining considerable popularity among the millennial population, owing to its physical and mental health benefits. The adoption of mobiles, computers, and other networking devices is rising notably, which helps people to get aware of exotic and interesting adventure places.

According to the domestic tourism market analysis, on the basis of age group, the adventures tours segment was valued at $292.1 billion in 2020, and is expected to grow to $1,879.5 billion by 2030, exhibiting a CAGR of 15.9%. The 42–49-year age group is financially & physically mature and contributes significantly in the domestic tourism. These individuals have their social groups to travel together, and some of them prefer solo travelling to explore different adventures. Thus, the 42–49 years age group is promoting the growth of domestic tourism market, and anticipated to continue this trend throughout the domestic tourism market forecast period.

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kritikapatil · 1 year

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Trade Finance Software Market Is Likely to Experience a Tremendous Growth in Near Future

Advance Market Analytics released a new market study on Global Trade Finance Software Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Trade Finance Software Forecast till 2027*.

Trade finance covers various financial instruments that support companies' exports and imports. Software packages include functions that ensure all transactions comply with SLAs. The use of digitized software aids transactions as all documents are easily tracked, and transactions happening over long distances are sped up. Trade finance solution features such as import and export standby letter of credit, collections, bonds, and guarantee, captures and generating swift messages and documents, refining under import LC, export LC and collections, shipping guarantees, reimbursements, remittances, participations, syndications, and loans.

Key Players included in the Research Coverage of Trade Finance Software Market are

Finastra (United Kingdom)

Newgen Software (India)

CGI Inc. (Canada)

ICS BANKS (United Kingdom)

Surecomp (Canada)

Sopra Banking Software (France)

China Systems (China)

Traydstream (United Kingdom)

Aite Matrix (United States)

LiquidX, Inc. (United States) What's Trending in Market: Rise of Rigtech to Combat Increasing Compliance Hurdles

Increasing Worldwide Import and Export Transactions

Challenges: Lack of Focus on Trade Financing For SMEs

Insufficient Risk Valuation Capabilities

Unmet Demand for Trade Finance and the Rapid Digitalization Process

Opportunities: Paperless Future of Trade Finance

Participation of Emerging Local Markets in Global Trade

Collaboration of Traditional Banks and Fintechs can create Opportunities for the Trade Finance Software Market

Market Growth Drivers: Demand for Financing Solutions, Especially from Local Providers

Changing Consumer Expectations, Emerging Technologies, and New Business Models

The Global Trade Finance Software Market segments and Market Data Break Down by Type (Cloud, On-Premise), Application (Banks, Trade Finance Houses, Others), Function (Letters of Credit, Guarantees, Supply Chain Finance, Documentary Collection, Others), Organization Size (SMEs, Large), Component (Software (Web-based, Cloud-based, On-premises), Service) To comprehend Global Trade Finance Software market dynamics in the world mainly, the worldwide Trade Finance Software market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. Presented By

AMA Research & Media LLP

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sueheaven · 1 year

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Global Duty Free & Travel Retail Market to Witness Excellent Revenue Growth Owing to Rapid Increase in Demand

A Latest intelligence report published by AMA Research with title "Global Duty Free & Travel Retail Market Outlook to 2027. This detailed report on Duty Free & Travel Retail Market provides a detailed overview of key factors in the Global Duty Free & Travel Retail Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

Duty-free and travel retail is a retailing channel offering items to worldwide explorers in an exceptionally controlled retail climate administered by customs remittances, for example, air terminals, ports, ships, voyage ships, and landline shops, and their tasks are represented by public traditions specialists. Items that can be sold duty-free fluctuate by ward and various standards dependent on the job estimations, remittance limitations, and different variables. Air terminals address most of such deals around the world Duty-free and travel retail produces essential incomes for public flight, travel, and the travel industry ventures. Air terminals specifically progressively depend on business incomes to subsidize the improvement of their framework and to assist them with keeping the arrival charges payable via aircrafts as low as could be expected. At air terminals across the world, retail is presently the biggest supporter of non-aeronautical pay.

Major Players in this Report Include are:

Aer Rianta International (Ireland)

China Duty-Free Group (China)

DFS Group (Hong Kong).

The Shilla Duty-Free (South Korea)

Dubai Duty-Free (Dubai)

Dufry (Switzerland)

Lotte Duty-Free (South Korea)

Duty-Free Americas (United States)

Ever Rich Duty-Free (Taiwan)

Gebr. Heinemann (Germany)

Market Drivers: The rising popularity of the travel and tourism industry

The increasing focus on digitalizing the retailing process to maximize profits

The growing demand for retail chains for luxury and premium brands of various products

Market Trend: Increase in the Duty-free and travel retail globally

The rapid penetration of social media and digitalization in duty-free and travel retail shops

Opportunities: Companies are partnering with duty-free stores to launch limited or exclusive products

Opening more duty-free and travel retail shops to increase different growth opportunities

The Global Duty Free & Travel Retail Market segments and Market Data Break Down by Type (Beauty and Personal Care, Eatables, Fashion Accessories and Hard Luxury, Tobacco, Wines and Spirits, Other), Application (Airlines, Airports, Ferries, Seaports, Train Stations, Other), By Product Brand (Local Brand, National Brand, Global Brand)

Geographically World Duty Free & Travel Retail markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Duty Free & Travel Retail markets will drive growth in the North American market over the next few years.

Presented By

AMA Research & Media LLP

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coinwealth · 3 years

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Cryptocurrency Market to Hit USD 1,902.5 Million by 2028;

Pune, India, Nov. 23, 2021 (GLOBE NEWSWIRE) — The global cryptocurrency market size is expected to gain momentum by reaching USD 1,902.5 million by 2028 while exhibiting a CAGR of 11.1% between 2021 to 2028. In its report titled “Cryptocurrency Market,” Fortune Business Insight mentions that the market stood at USD 826.6 million in 2020.

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List of Key Players in Cryptocurrency Market:

Bitmain Technologies Ltd. (Beijing, China)

Xilinx, Inc. (California, U.S.)

Intel Corporation (California, United States)

Advanced Micro Devices, Inc. (California, U.S.)

Ripple Labs, Inc. (California,U.S.)

Bitfury Group Limited. (Amsterdam,U.S.)

Ledger SAS (Paris, France)

Nvidia Corporation (California,U.S.)

BitGo (California,U.S.)

Xapo (Zürich, Switzerland)

The demand for crypto has increased due to rising investments in venture capital. Additionally, the increasing popularity of digital assets such as bitcoin and litecoin is likely to accelerate the market in upcoming years. Furthermore, it has been seen that the digital currency is also used in the integration of blockchain technology to get decentralization and control efficient transactions. Thus, advantages such as these are also encouraging people to invest in crypto. For instance, In October 2018, Qtum Chain Foundation made a partnership with Amazon Web Services (AWS) China to use blockchain systems on the AWS cloud. With this collaboration, AWS will be able to help its users in using Amazon Machine Images (AMI) to develop and publish smart contracts easily and efficiently.

COVID-19 Impact

The COVID-19 pandemic adversely affected the world economy. However, the relationship between Bitcoin and the equity market expanded amid pandemic. For example, in March 2020, the price of Bitcoin declined and went below USD 4,000 after a decline in the S&P Index in the U.S. Thus, as the Initial Coin Offering (ICO) market crashed, blockchain companies are emerging as major alternative to raise investment capital.

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Market Segmentation:

By component, the market is bifurcated into hardware, and software. By type, it is divided into bitcoin, ether, litecoin, ripple, ether classic, and others. By end-use, it is divided into trading, E-commerce and retail, peer-to-peer payment, and remittance.

Based on end use, the trading segment held the market share of 42.8% in 2020, because it focuses on crypto solutions that are used for trading such as Pionex, Cryptohopper, Bitsgap, Coinrule, and others.

Lastly, in terms of geography, the market is divided into North America, Europe, Asia Pacific, the Middle East & Africa and Latin America.

What does the Report Provide?

The market report offers in depth analysis of various factors, which are influencing the market growth. Additionally, the report provides insights into the regional analysis of different regions. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaboration that contribute in boosting the market.

Driving Factor

Focus on Mitigating Financial Crisis and Regional Instability Drives the Demand for Virtual Currency

In recent times, financial disaster is one of the primary issues that occurs in the conventional banking system. This financial instability disrupts the economy by lowering the value of money. For instance, ICICI bank of India, in the year 2008, confronted the Lehman brother crisis, which hugely impacted the nation’s economy. But with using bitcoins, and other cryptocurrency, such situations of economic downfall can be avoided. Therefore, Cryptocurrencies are emerging as alternative options in the regions with unstable economical structure, and this has been a major driving factor for the cryptocurrency market growth.

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Regional Insights

North America to Dominate Backed by Presence of Prominent Players

North America is expected to remain at the forefront and hold the largest position in the market during the forecast period. This is because in most parts of the region bitcoins have become a medium of exchange for tax purposes rather than the actual currency. Although these are not legally regulated by the government, still many of the countries in the region are focused on using digital currencies. The region’s market stood at USD 273.0 million in 2020.

Asia Pacific is expected to showcase significant cryptocurrency market share in upcoming years, owing to several technological developments and acceptance of virtual currency for some platforms within Japan and Taiwan. Additionally, the strategic collaborations, partnerships by key players are also fueling the regional market. For instance, in January 2020, Z Corporation, Inc. and TaoTao, Inc. collaborated with the financial service agency to widen the crypto market by confirming regulatory compliance in the Japanese market.

Competitive Landscape

Key Players to Focus on Introduction of New Services to Strengthen the Market Growth

The market is consolidated by major companies striving to maintain their position by focusing on new launches, collaborations & partnerships and acquisitions. Such strategies taken up by key players are expected to strengthen its market prospects. Below is the industry development:

March 2021 – Visa Inc. aims to introduce crypto as a direct payment. With this key initiative, the company aims to accept cryptocurrencies as a payment method for the finance industry.

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Major Table of Contents:

Introduction

Definition, By Segment

Research Methodology/Approach

Data Sources

Key Takeaways

Market Dynamics

Macro and Micro Economic Indicators

Drivers, Restraints, Opportunities and Trends

Impact of COVID-19

Short-term Impact

Long-term Impact

Competition Landscape

Business Strategies Adopted by Key Players

Consolidated SWOT Analysis of Key Players

Global Cryptocurrency Key Players Market Share Insights and Analysis, 2020

Key Market Insights and Strategic Recommendations

Companies Profiled (Covered for key 10 players only)

Overview

Key Management

Headquarters etc.

Offerings/Business Segments

Key Details (Key details are subjected to data availability in public domain and/or on paid databases)

Employee Size

Key Financials

Past and Current Revenue

Gross Margin

Geographical Share

Business Segment Share

Recent Developments

Annexure / Appendix

Global Cryptocurrency Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028

By Component (Value)

Hardware

FPGA

ASIC

GPU

Others (Paper Wallet, Web Wallet, Etc.)

Software

Mining Software

Exchanges Software

Wallet

Payment

Others (Vaults, Encryption, Etc.)

By Type (Value)

Bitcoin

Ether

Litecoin

Ripple

Ether Classic

Others (Dogecoin, Moneor, Dash, Etc.)

By End-Use (Value)

Trading

E-commerce and Retail

Peer-to-Peer Payment

Remittance

TOC Continued…!

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prasannareddy · 2 years

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Asia-Pacific Digital Remittance Market: Business Growth, Development Factors, Application and Future Prospects

Allied Market Research Published Latest New Report titled, “Asia-Pacific Digital Remittance Market by Remittance Type (Inward Digital Remittance, and Outward Digital Remittance), and Remittance Channel (Banks, Money Transfer Operators (MTOs), and Others): Opportunity Analysis and Industry Forecast, 2019–2026”

ACCESS COMPLETE REPORT: https://www.alliedmarketresearch.com/asia-pacific-digital-remittance-market

According to Allied Market Research, The Asia-Pacific Digital Remittance Market report offers exhaustive and thorough insights into each of the prominent end user domains along with annual forecasts till the year 2030. In-depth study on the basis of various parameters such as sales analysis, major driving factors, market trends, prime market players, prime investment pockets and market size, that aid in formulating sound business strategies and making informed decisions. The global Asia-Pacific Digital Remittance Market report covers an overview of the market and outlines market definition and scope. The ongoing technological developments and surge in demand have an influential effect on the market growth.

At the same time, restraining factors that are expected to obstruct or hold the growth of the industry are also presented by our expert analysts in order to provide the key market players with a detailed scenario of the future threats in advance. Furthermore, the report provides a quantitative and qualitative analysis of the market, outlines the pain point analysis, value chain analysis, and key regulations.

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The worldwide Asia-Pacific Digital Remittance marketplace record gives a complete observe of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Moreover, the study covers a SWOT analysis that aids in recognizing the restraining and driving factors in the market. Furthermore, the report outlines market segmentation and growth analysis of the top 10 market players that are currently active in the industry. The drivers and opportunities help in grasping the dynamic market trends and how market players can leverage such trends.

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COVID-19 scenario:

The Covid-19 outbreak has had a significant effect on the world. Some sectors thrived during the pandemic while some faced tremendous losses. As per the restrictions and guidelines issued by World Health Organization (WHO), the majority of the manufacturing and production facilities were closed or working at low potential. Moreover, the prolonged lockdown created challenges in the procurement of raw materials. These factors create a huge gap in supply and demand and disrupted the supply chain. However, as the world is recovering from the pandemic, the Asia-Pacific Digital Remittance market is expected to get back on track.

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The regions analyzed in the report are North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). This regional analysis aids to formulate business strategies that target specific regions to leverage lucrative opportunities.

Key Market Segments:

BY REMITTANCE TYPE Inward Digital Remittance Outward Digital Remittance

BY REMITTANCE CHANNEL Banks Money Transfer Operators (MTOs) Others The report includes a detailed segmentation of the Asia-Pacific Digital Remittance market along with a comprehensive study of each segment. Furthermore, the segmentation study includes an analysis of sales, growth rate, market shares, and revenue of each segment during the forecast period.

Leading Playres of Asia-Pacific Digital Remittance Market:

AZIMO LTD FLYWIRE CORPORATION INSTAREM MONEYGRAM INTERNATIONAL, INC REMITLY, INC RIPPLE SINGX PTE LTD TNG FINTECH GROUP INC TRANSFERWISE LTD WORLDREMIT LTD Frequently Asked Questions?

Q1. What are the leading countries affected by Asia-Pacific Digital Remittance? Q2. Which is the largest regional market for Asia-Pacific Digital Remittance? Q3. What is the estimated industry size of Asia-Pacific Digital Remittance? Q4. Which are the top companies to hold the market share in Asia-Pacific Digital Remittance? Q5. What are the major drivers for Asia-Pacific Digital Remittance?

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#Asia-Pacific Digital Remittance Market #Asia-Pacific Digital Remittance Markets #Asia-Pacific Digital Remittance Market Size #Asia-Pacific Digital Remittance Market Share #Asia-Pacific Digital Remittance Market Growth #Asia-Pacific Digital Remittance Market Demand #Asia-Pacific Digital Remittance Market Trends

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waaaiz · 3 years

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Cryptocurrency Market Size Research Report

Growth opportunities in the global cryptocurrency market look promising over the next six years. This is mainly due to the increasing adoption of cryptocurrency for payments and various other options at the global level, along with the rising research & development activities and continuous technological advancements for the development of cryptocurrency.

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Global Cryptocurrency Industry Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The major factors that are responsible for the growth of the global cryptocurrency market include the accelerating adoption of cryptocurrency for payments and other options around the world. Numerous R&D activities, along with the continuous technological advancements for the development of cryptocurrency, which include the introduction of blockchain technology, is leading to the enhancement in cryptocurrency. Furthermore, differences in the monetary regulations, the rising number of cross-border payments followed by the increasing penetration of the internet are further surging the growth of the cryptocurrency market size.

There has been an increase in the application of cryptocurrency as it offers various benefits such as facilitates international trade, improves adaptability, more confidential transactions, decreases transaction fees, along instant payments. This will further contribute to the growth of the market during the forecast period. The outbreak of the COVID-19 pandemic has positively impacted market growth. Moreover, the rising focus on utilizing digital currencies, crypto assets, and other blockchain technologies is another factor that is driving the market growth. On the other hand, the growing concerns regarding privacy, security & control, along with the lack of technical understanding related to the cryptocurrency, are the two major factors that are hampering the market growth.

Type Segment Drivers

On the basis of the type, the bitcoin is anticipated to witness a faster CAGR over the forecast period. This is mainly attributed to the increasing adoption of bitcoin in various economies due to its improved versatility. There are numerous benefits related to the usage of bitcoin, such as user's autonomy, peer-to-peer focus, discretion, and decreases banking fees and low transaction fees for international payments. All these factors are further increasing the demand of the market.

Application Segment Drivers

On the basis of application, payment is projected to grow at a higher CAGR during the forecast period. The rising number of payments via cryptocurrency as if offers numerous benefits such as improved protection from fraud, secured transactions, and improved speed of international transfers.

Global Cryptocurrency Market’s leading Manufacturers:

· Xilinx

· BitMain Technologies Holding Company

· Quantstamp, Inc.

· Advanced Micro Devices, Inc.

· Intel Corporation

· Bitfury Group Limited

· Ripple

· BitGo

· Coinbase

· Ethereum Foundation

Global Cryptocurrency Market Segmentation:

Segmentation by Offering:

· Hardware

o Gpu

o Asic

o FPGA

o Wallet

· Software

o Coin Wallet

o Mining Platform

o Exchange

Segmentation by Process:

· Transaction

o Wallet

o Exchange

· Mining

o Pool Mining

o Solo Mining

o Cloud Mining

Segmentation by Type:

· Etgereum (ETH)

· Bitcoin

· Ripple (XRP)

· Bitcoin Cash

· Litecoin (LTC)

· Dashcoin

· Others

Segmentation by Application:

· Remittance

· Trading

· Payment

o Ecommerce & Retail

o Peer-To-Peer Payment,

o Travel & Tourism

o Media & Entertainment

o Others

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: [email protected] Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com

#Cryptocurrency Market #gmiresearch #bitcoin

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house-and-lot-cebu · 4 years

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Office and Residential Property in Philippines Set to Recover in 2021

Lobien Realty Group believes that the worst is over with respect to the COVID-19 Pandemic. This belief is based on the existence of several high efficacy and safe vaccines that are now being rolled out in different countries and the Philippines has also started its negotiations for the procurement of the vaccines, with the vaccination expected to start in the second quarter of 2021.

State of the Philippine Economy

The Asian Development Bank says the Philippine economy is still down but is slowly recovering, as the GDP contraction decreased to 11.5% in the 3rd quarter from a contraction of 16.9% in the 2nd quarter of 2020. Full year GDP growth forecast in 2020 declined to -7.3%, but is expected to increase at 6.5% in 2021. The Business Expectation Survey (BES) under Bangko Sentral ng Pilipinas (BSP) shows that by 2021 the employment outlook index may have a growth of 5.3% after crashing to -5.5% in the third quarter of 2020.

There are currently two available templates with respect to the country’s economic recovery after an external economic crisis: the recoveries that happened after the 1998 Asian Financial Crisis (AFC) and the 2008 Global Financial Crisis (GCF). A “V” shaped recovery happened for both 1998 AFC and 2008 GCF. The recovery in 2008 was quicker and more pronounced than the one that happened in 1998 AFC. In 2008, OFW remittance as a percentage of GDP, unemployment rate and interest rate were all stable and the trendlines of these three indicators were all in support of an economic recovery; hence, the much faster and significant recovery. However, for the 1997 AFC, although lending interest rate was going down to provide the much needed credit and liquidity to the economy, unemployment increased and OFW remittance decreased which ran counter to the government’s efforts of a quick economic recovery. Using these indicators, the 2020 economic crisis brought about by the COVID 19 pandemic has the same picture as the 1997 AFC, pointing to a longer economic recovery.

Just like other sectors of the economy, the Philippine real estate industry suffered in 2020. Lobien Realty Group, one of the fastest rising real estate consulting companies in the Philippines, forecasts that 2021 will be a slow but sure recovery year for real estate as well, particularly for the Philippine office and residential property markets.

The Office Property Market

There is currently an 8% vacancy of office spaces across all Metro Manila business districts. In the 4th quarter of 2020, supply of office space in Metro Manila totals 739,312 sqm while available supply amounts to 313,533.17 sqm. which means 53% of all office spaces in Metro Manila remain leased. 3 million sqm. of office space supply are presently in the Metro Manila pipeline. The average rent of these spaces stands at Php1,190/sqm.

BPOs lead the demand drive for office space in Metro Manila representing approximately 41%, Gaming demand drive is around 16%, while other industries comprise about 43% of Metro Manila office space demand drive.

The BPO industry reported FTE growth of 5.3% from 2016-2018 and projects 6%-7% FTE growth for the period 2019-2022. In 2020, recorded take up of office space by BPOs was 143,000sqm. and total revenue was USD26.2billion. According to a survey presented by the IT & Business Process Association of the Philippines (IBPAP), the BPO industry has been growing to improve productivity since the beginning of the COVID-19 quarantine from 50% in April, 73% in May, 81% in June and 90% in July.

The online gaming/POGO industry has occupied a total of 1.03Msqm. of office space since 2016. Currently, POGOs share to total leasable office stock to date stands at 9%.

Co-working spaces are envisaged to be a growing feature of the new normal in workplaces. Startup companies, freelancers, entrepreneurs and digital nomads, and remote teams drive demand for co-working spaces. At present, there are 110 Co-working spaces in Metro Manila. Total co-working spaces amount to 350,000sqm representing 9,786 total workstations available. The Global Flexible Office Market is projected to grow at a compound annual growth rate (CAGR) of 18% from 2020 to 2027. The Asia Pacific region is considered the fastest-growing region within the global flexible office market due to the rise of co-working centers and other styles of flexible office spaces.

Currently, the most relevant and frequently-asked question in the office space market is the impact of the 2020 COVID Pandemic on rental rates. Lobien Realty Group forecasts that there will be a 25-30% rental rates decline starting 2021. 2020 rental rates computations have not reflected the decrease due to the POGOs’ contractual agreements of about a year’s worth of security and advance deposits which protected the landlords’ rent income during the lockdowns and despite the numerous lease pre-terminations. The lockdowns, which resulted in many business contraction and closures, the flight of many of the POGOs and the prevailing economic situation in 2021 a s a result of the COVID-19 pandemic are expected to increase office space vacancy rates and soften office demand in 2021.

The Provincial Office Property Market

Townships have become trendy locations for offices. Having residential, entertainment, civic, recreational, and office spaces located close to one another appeals to many companies looking for leasable office space. Presently, there are 80 Township sites across the Philippines and 60% of them can be found outside Metro Manila.

Next Wave Cities will be the alternative investment hubs outside Metro Manila. These Cities promote country-wide improvement, create job opportunities and economic advancement in their region. These 10 New Wave Cities are Baguio City, Cagayan De Oro City, Dagupan City, Dasmariñas City, Dumaguete City, Lipa City, Malolos City, Naga City, Sta. Rosa City, and Taytay Rizal.

There is an 18% vacancy rate of office spaces across all provincial business districts. In the 4th quarter of 2020, total supply of provincial office space totals 269,711.60sqm. while available supply is 219,184.69sqm., which means only 19% of existing provincial office space is leased. Average rent is Php 630/sqm. for these office spaces.

The Residential Property Market

LRG reports that condominium developers are projected to launch around 24,000 square meters of residential units to the market this 2021, while condominium take-up is expected to amount to 36,000 square meters. 2020 condominium pre-selling data on percentage of take up based on price range shows that 3% of condominiums priced below Php3M, 11% of condos priced between Php3M-Php7M, 45% of condos priced between Php7M-Php15M, and 41% of condos priced above Php15M were taken up in 2020.

In 2020, the BSP says the residential real estate price index (RREPI) plunged 0.4 percent to 131.2 in the third quarter from 131.7 in the same quarter last 2019, indicating that demand is low as the country fell into recession due to the COVID-19 pandemic. This is the first negative year-on-year growth since the launch of RREPI in the first quarter of 2016. Weak consumer demand and low consumer preference in buying houses and lots may have contributed to the decline in the RREPI as the pandemic continues to cause economic uncertainty in the country.

Shown below are some of the current prices of residential properties in key areas of Metro Manila:

District Current Values (Php/sqm)

Makati CBD 350,000 – 1,000,000

Bonifacio Global City 300,000 – 350,000

Ortigas Center 250,000 – 280,000

Muntinlupa / Alabang 120,000 – 140,000

Bay City 230,000 – 280,000

Lobien Realty Group forecasts that 2021 will be a better year for the real estate industry as the worst of the COVID-19 pandemic is seen to be over in light of the planned aggressive roll-out of the various COVID-19 vaccines. The speed and magnitude of the real estate recovery will also depend on the national government’s ability to roll-out the vaccines and rebuild the economy through the government’s monetary and fiscal policies as embodied in the Bayanihan to Heal as One Law.

INQUIRER.net / January 18, 2021

#Cebu Real Estate 2021 #Philippine Property Market 2021 #Philippine Real Estate 2021 #Philippine Real Estate Outlook 2021 #Philippine Real Estate Projections 2021

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cebu-real-estate · 4 years

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Office and Residential Property in Philippines Set to Recover in 2021

State of the Philippine Economy

The Office Property Market

The online gaming/POGO industry has occupied a total of 1.03Msqm. of office space since 2016. Currently, POGOs share to total leasable office stock to date stands at 9%.

The Provincial Office Property Market

The Residential Property Market

Shown below are some of the current prices of residential properties in key areas of Metro Manila:

District Current Values (Php/sqm)

Makati CBD 350,000 – 1,000,000

Bonifacio Global City 300,000 – 350,000

Ortigas Center 250,000 – 280,000

Muntinlupa / Alabang 120,000 – 140,000

Bay City 230,000 – 280,000

INQUIRER.net / January 18, 2021

#Cebu Real Estate 2021 #Philippine Property Market 2021 #Philippine Real Estate 2021 #Philippine Real Estate Outlook 2021 #Philippine Real Estate Projections 2021

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sapanas · 4 years

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Healthcare Electronic Data Interchange Market Growing Trends, Trending News, Global Opportunities And Forecast To 2023

Healthcare Electronic Data Interchange Market Synopsis

Market Research Future (MRFR), in its latest “Global Healthcare Electronic Data Interchange (EDI) Market” report, states that the market is expected to touch a valuation above USD 2674 Mn at 8.8% CAGR across the evaluation period. In the healthcare sector, the enormous generate of data through documents, such as, patient records, health insurance reimbursements, and others are required to be processed and sorted for convenient extraction. The traditional use of paper is an inefficient and cumbersome method. Thus, the need for electronic data interchange (EDI) in healthcare industry is surging. The efficacy of Edi that allows the presentation of healthcare data in standardized format to institutions, healthcare professionals, and patients can prompt the expansion of the global electronic data interchange market.

The rise in the adoption of EDI for performance management and operational intelligence is another determinate for the market expansion. EDI healthcare transactions offers elimination of paper trails and digitized transactions curbs reduction of costly errors. Moreover, healthcare players are observed to manage significant savings on deploying EDI. Other drives, such as increase in government support for development of IT-based healthcare projects and rise in the demand for reduction in healthcare expenses can accelerate the EDI market growth. In addition, the growing awareness about benefits of using EDI software, adoption of EDI software by reputed pharmaceuticals, and exercising favourable funding policies offered by different healthcare companies are anticipated to spur the growth of the electronic data interchange market.

On the downside, the high installation price of EDI software, hesitancy to remove conventional methods, and data security can limit the market expansion.

Healthcare Electronic Data Interchange Market Key Players

Cognizant, Allscripts Healthcare Solutions Inc., Siemens Healthineers, The SSI Group, LLC, Experian Information Solutions, Inc., ZirMed Inc., GE Healthcare, McKesson Corporation, Optum, Inc., Schreiner Group, Passport Health Communications, Emdeon Inc., and HealthFusion are some reputed companies functioning in the global healthcare electronic data interchange (EDI) software market.

Healthcare Electronic Data Interchange Market Segmental Outline

The global healthcare electronic data interchange market was studied by component, transaction, delivery mode, and end user.

Software and services are electronic data interchange market’s component-based segments. Web and cloud-based EDI, direct (Point-to-Point) EDI, EDI value added network (VAN), and mobile EDI are delivery-mode based segments of the EDI market. The market’s transaction-based segments are payment & remittance advance, claims & encounters, claim attachments, eligibility inquiry and response, enrolments, claim status and response, and referral certification and authorization. By end user, the market segments are pharmaceutical & medical device industries, healthcare providers, and healthcare payers, others. The healthcare payers segment can hold the grand share of the overall market as the rate of adoption of EDI by clinicians and physicians for financial management is high. The pharmaceutical and medical device segment can strike a decent CAGR through the study period.

Obtain Premium Research Report Details, Considering the impact of COVID-19 @ https://www.marketresearchfuture.com/reports/healthcare-electronic-data-interchange-market-7338

Healthcare Electronic Data Interchange Market Regional Summary

Americas healthcare electronic data interchange market to be in the forefront. The high pace growth of the healthcare electronic data interchange (EDI) market in Americas can be attributed to surge in healthcare expenditure, increased participation of marketers, and disruptive technologies in EDI software.

Europe EDI market expansion can be attributed to hefty funds offered by governments and the presence of favourable policy implementation.

Asia Pacific healthcare electronic data interchange software market can surge at a high growth rate due to increased investment in information technology. As per the report offered by India Brand Equity Foundation (IBEF), India’s heavy investment in the development of information technology sector can bolster the expansion of the regional EDI market through the evaluation period.

In MEA, the market of healthcare electronic data interchange software can emerge in coming years.

#Healthcare Electronic Data Interchange Market #Healthcare Electronic Data Interchange Market Size #Healthcare Electronic Data Interchange Market Trends #Healthcare Electronic Data Interchange Market Growth #Healthcare Electronic Data Interchange Market Share #Healthcare Electronic Data Interchange Market Analysis

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crypto4all · 4 years

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Latest News On The Cryptocurrency Market | Intel, CoinBase, BitGo, and Binance

A recent report published by QMI on cryptocurrency market is a detailed assessment of the most important market dynamics. After carrying out a thorough research of cryptocurrency market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for cryptocurrency during the forecast period. It can enable manufacturers of cryptocurrency to change their production and marketing strategies in order to envisage maximum growth. Get Sample Copy of This Report @ https://www.quincemarketinsights.com/request-sample-58594?utm_source=AZ&utm_medium=Santosh According to the report, the availability of the decentralized system and the absence of fees on transactions is expected to drive the growth of cryptocurrency market during the forecast period. Cryptocurrency can be termed as a virtual currency that is used as a medium of exchange and transaction which is secured and has gained much popularity in today’s economic world. Most of the important transactions have now shifted to the use of cryptocurrency and a huge segment of the market is now shared by these currencies. Growth in the number of digital transactions and the availability of a much-secured transaction through cryptocurrencies are the key factors for the growth of Global Cryptocurrency Market. The absence of interest rates or exchange rates on transactions has enabled it to gain worldwide recognition and has led many people to invest in this market. Many other benefits like protection from fraud, low fees, quick international transfers and non-regulation of transactions have led to the growth of the global cryptocurrency market. Make An Inquiry For Purchasing This Report @ https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-58594?utm_source=Openpr&utm_medium=Santosh Some of the key Impact Factors: o Secured transaction facilities o Availability of decentralized system and absence of fees on transactions o Unavailability of Government regulations Insights about the regional distribution of market: The market has been segmented in major regions to understand the global development and demand patterns of this market. For cryptocurrency market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific, and Western Europe are expected to be major regions on the cryptocurrency market. North America and Western Europe have been one of the key regions with technological advancements in ICT, electronics & semiconductor sector. Factors like the use of advanced technology and the presence of global companies to cater to the potential end-users are favorable for the growth of cryptocurrency market. Also, most of the leading companies have headquarters in these regions. Speak To Analyst Before Buying This Premium Report: https://www.quincemarketinsights.com/request-toc-58594?utm_source=AZ&utm_medium=Santosh The Asia Pacific is estimated to be one of the fastest-growing markets for cryptocurrency market. Major countries in the Asia Pacific region are China, Japan, South Korea, India, and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of cryptocurrency market. The Middle East and rest of the World are estimated to be emerging regions for cryptocurrency market. By Application: Remittance Trading E-commerce Retail Payment Others By Process: Transaction Mining By Offering: Hardware GPU ASIC FPGA Wallet Software Others By Region: North America By Country (US, Canada, Mexico) By Application By Process By Offering Western Europe By Country (Germany, UK, France, Italy, Spain, Rest of Europe) By Application By Process By Offering Eastern Europe By Country (Russia, Turkey, Rest of Eastern Europe) By Application By Process By Offering Asia Pacific By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific) By Application By Process By Offering Middle East By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East) By Application By Process By Offering Rest of the World By Region (South America, Africa) By Application By Process By Offering Companies: Bitmain, NVIDIA, Xilinx, Intel, Advanced Micro Devices, Ripple, Bitfury, Ethereum Foundation, CoinBase, BitGo, and Binance� Reasons to buy this report: Market size estimation of the cryptocurrency market on a regional and global basis The unique research design for market size estimation and forecasts Profiling of the major companies operating in the market with key developments Broad scope to cover all the possible segments helping every stakeholder in the market Customization: We provide customization of the study to meet the specific requirements: By segment By sub-segment By region/ country Contact: Quince Market Insights Ajay D. (Knowledge Partner) Office No- A109 Pune, Maharashtra 411028 Phone: +91 706 672 4848 +1 208 405 2835 / +44 121 364 6144 / Email: [email protected] Web: www.quincemarketinsights.com ABOUT US: QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world’s most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns. Read the full article

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