Digital Investment - Iraq

Iraq

Highlights

Total transaction value in the Digital Investment market is projected to reach US$1.68bn in 2024.
Total transaction value is expected to show an annual growth rate (CAGR 2024-2029) of 5.52% resulting in a projected total amount of US$2.19bn by 2029.
Robo-Advisors dominates the market with a projected total transaction value of US$1.68bn in 2024.
The highest cumulated transaction value is reached United States (US$1.78tn in 2024).

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Digital Investment market in Iraq has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Iraq have shifted towards digital investment due to the convenience and accessibility it offers.

Investors are increasingly opting for online platforms and mobile applications to manage their investments. This shift can be attributed to the growing number of tech-savvy individuals in the country, who are comfortable using digital platforms for financial transactions. Additionally, the younger generation in Iraq, which makes up a significant portion of the population, is more inclined towards digital solutions for investment purposes.

Trends in the market indicate a growing demand for digital investment products and services. The rise of fintech companies in Iraq has led to the introduction of innovative digital investment platforms that cater to the specific needs of investors. These platforms provide users with a wide range of investment options, real-time market data, and personalized investment advice.

The use of artificial intelligence and machine learning algorithms has also gained traction in the digital investment market, enabling investors to make more informed decisions and optimize their investment portfolios. Local special circumstances in Iraq, such as a lack of traditional banking infrastructure in rural areas, have further fueled the growth of digital investment. Digital platforms provide individuals in remote areas with access to financial services that were previously unavailable to them.

This has democratized investment opportunities and allowed a larger portion of the population to participate in the market. Underlying macroeconomic factors have also contributed to the development of the digital investment market in Iraq. The country has witnessed a steady increase in internet penetration and smartphone adoption, creating a conducive environment for the growth of digital investment platforms.

Additionally, the government has been actively promoting financial inclusion and digitalization of the economy, which has further accelerated the adoption of digital investment solutions. In conclusion, the Digital Investment market in Iraq is experiencing significant growth due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility offered by digital investment platforms, along with the rise of fintech companies and the government's focus on financial inclusion, have all contributed to the development of the market.

As Iraq continues to embrace digitalization, the digital investment market is expected to expand further in the coming years.

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.