The Republican State of Singapore is a small island City-state located in the Southeast Asia. It comprises of one major island and 60 small island (islets). The total land area is 719.2km with populace density 7,803 per square kilometer. Advancements in professional / business services and real estate are predicted to be the foremost drivers of growth. In addition, the service segment predicts to remain the foremost contributor to the regional economy-and the foremost employer. Market Research Corporates in Singapore predict during the recent past years the Singapore is the foremost tourism destination for both domestic and international tourist and witnessed healthy growth.
Our researchers seek the opinion and facts from 25000+ research journals, news articles, annual reports, white papers, government reports, conference presentation and custom databank to deliver the better Singapore B2B Market Research Reports. Moreover, we access 150+ paid date sources to get accurate and faithful statistics. Over the 65+ publishers underwrite the business intelligence on our pane.
We as Market Research Industry Singapore investigate the Singapore auto finance market, Singapore International Remittance market and several others to conclude the growth stage throughout the review duration. However, the Singapore auto finance market is witnessed growth stage due to the increasing digital advancements to ease loan application procedure, emerging green car loans, introduction of the finance aggregators and many more. Moreover, the credit disbursed is predicted to augment in Singapore at greater than average CAGR due to greater number of cars financed during the future. The government of Singapore is functioning towards enlargement of Green Car Sales around the country, which is projected to augment the requirement of ‘Green Car Loans’ during the future years. New Business Models such as Shared Ownership Financing may also emerge across the country during the coming years. Industry is predicted to move towards a digital growth with the enlargement of Artificial Intelligence, Machine Learning, Big Data and more to further streamline loan application procedure.
Not only has this, the speedily growing digital payments industry around Asia has scaled up speedily over the last few years which has led to an augment in credit card utilization. The total transaction value showcased great growth around Asia along with an effective CAGR for the duration of 2013-2018. The augment of affordable smartphones and subsequent internet and mobile penetration has led to proficient growth in the digital payments space. The individuals in these mature markets are aware of digital payments and have progressively embraced non-cash approaches over the years.
Although, Singapore International Remittance Market has been analysed to be concerted for banks whereas discreetly fragmented for non-banking institutes during 2018. The market has been situated to be at the mature stage. The market contains of banks, money transfer operatives, mobile wallets, postal networks as foremost entities wherein it is majorly registered by Banks and MTOs. Protuberant business strategies adopted by foremost players to position themselves in the market comprise forming an extensive network & advanced reach, new services launched & service innovation and better pricing & handy/transparent functions offered. The market has been fuelled by augmented the migration, better legislative surrounding in form of relaxed policies, augmented the awareness towards digitalized remittance services and improvements in digital payment networks & Fintech space.
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