Market Insights Financial Wealth Management

Digital Investment - Chad

Chad

The projected total transaction value in the Digital Investment market for Chad is estimated to reach US$130.10m by 2024.
It is expected to exhibit an annual growth rate (CAGR 2024-2027) of 7.76%, resulting in a projected total amount of US$162.80m by 2027.
Among the market players, Robo-Advisors are expected to dominate with a projected total transaction value of US$130.10m in 2024.
The United States holds the highest cumulated transaction value, reaching US$1,782,000.00m in 2024.
Chad is experiencing a growing interest in digital investment as the government promotes technological advancements and innovation.

Key regions: United Arab Emirates, Switzerland, Singapore, United Kingdom, Europe

Market

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Region comparison

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Analyst Opinion

The Digital Investment market in Chad is experiencing significant growth and development.

Customer preferences: Chadian consumers are increasingly embracing digital investment platforms as a convenient and accessible way to grow their wealth. The younger generation, in particular, is drawn to the ease of use and flexibility offered by digital investment platforms. They appreciate the ability to invest in a wide range of assets, including stocks, bonds, and cryptocurrencies, all from the comfort of their own homes. Additionally, digital investment platforms provide educational resources and tools that empower individuals to make informed investment decisions.

Trends in the market: One of the key trends in the digital investment market in Chad is the rise of mobile investment apps. With the increasing penetration of smartphones and improving internet connectivity, more Chadians are using their mobile devices to access investment platforms. This trend is driven by the convenience and flexibility that mobile apps provide, allowing users to monitor their investments and make transactions on the go. Furthermore, social trading platforms are gaining popularity in Chad, as they enable users to follow and replicate the investment strategies of successful traders. This trend reflects the desire of Chadian investors to learn from experienced professionals and increase their chances of success in the market.

Local special circumstances: Chad's financial sector is still developing, with limited access to traditional banking services in many areas. This has created an opportunity for digital investment platforms to fill the gap and provide financial services to underserved populations. Digital investment platforms offer a convenient and affordable alternative to traditional banking, allowing individuals to invest their money and build wealth without relying on brick-and-mortar banks. Furthermore, the Chadian government has been supportive of initiatives that promote financial inclusion and digital innovation, creating a favorable environment for the growth of the digital investment market.

Underlying macroeconomic factors: Chad's economy has been heavily reliant on oil exports, which has made it vulnerable to fluctuations in global oil prices. In recent years, the government has been diversifying the economy and promoting sectors such as agriculture and technology. This diversification effort has created new investment opportunities and increased the demand for digital investment platforms. Additionally, the young and growing population in Chad presents a significant market potential for digital investment platforms. As more Chadians enter the workforce and seek ways to grow their wealth, the demand for digital investment services is expected to continue to rise. In conclusion, the Digital Investment market in Chad is experiencing growth and development driven by customer preferences for convenience and accessibility, the rise of mobile investment apps, and the government's support for financial inclusion and digital innovation. These trends, combined with underlying macroeconomic factors such as economic diversification and a young population, are contributing to the expansion of the digital investment market in Chad.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.