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United States Prepaid Cards Market 2022 Business Opportunities, Current Trends, Challenges and Forecast 2025

01-06-2022 12:32 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Insights Reports

United States Prepaid Cards Market Size and Forecast to 2021 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Prepaid Cards data that enhances the understanding, scope, and application of this report.

Click here to get a free sample copy of latest research on Prepaid Cards market:

https://www.marketinsightsreports.com/reports/10133345650/united-states-prepaid-cards-business-and-investment-opportunities-market-size-and-forecast-2016-2025-consumer-attitude-behaviour-retail-spend-market-risk/inquiry?Mode=28                     

Market Overview:

Global Prepaid Card Survey, prepaid card market in the United States is expected to grow by 14.8% on annual basis to reach US$ 641,848.6 million in 2021.The prepaid card market expected to grow over the forecast period, recording a CAGR of 12.3% during 2021-2025. The prepaid card market in the United States will increase from US$ 558,957.8 million in 2020 to reach US$ 889,248.9 million by 2025.

As the economy reopened from the pandemic lockdowns, spending on debit and prepaid cards in the United States increased significantly. Notably, this increased spending on debit and prepaid cards were helped by the rising number of travelers and continued online shopping strength.

Recent Development:

The use of prepaid cards as vaccine incentives is driving the prepaid card growth:

As of July 2021, nearly 50% of residents in the country were fully vaccinated. In their efforts to overcome the vaccine hesitancy among the citizens, state and local governments have unveiled a range of vaccine incentive schemes. For instance,

 In July 2021, New York City government announced a US$100 incentive for anyone who gets their vaccination done at a city-run site. Notably, the incentive program is available for all city residents and employees who have not taken their first dose of vaccine yet. Under the vaccine incentive program by the NYC government, all of the residents who take their first dose of vaccine would be emailed a US$100 digital prepaid card. For those without an email address will receive a physical prepaid card.

Prepaid card companies launching innovative solutions for property owners:

Digitization has revolutionized almost every other industry verticals, including the real estate industry. Technology providers are innovating with their product offerings to ensure unique business needs are met. For instance,

 In July 2021, RealPage, a leading global provider of software and data analytics to the real estate industry, launched a new prepaid MasterCard solution designed to modernize the funds' distribution system in the real estate industry. Notably, the first-to-market prepaid card service will transform the way properties offer refunds, incentives, rewards, and reimbursements to their residents.  

Browse the report description and TOC: 

https://www.marketinsightsreports.com/reports/10133345650/united-states-prepaid-cards-business-and-investment-opportunities-market-size-and-forecast-2016-2025-consumer-attitude-behaviour-retail-spend-market-risk?Mode=28  

The study objectives of this report are:

To study and analyze the United States Prepaid Cards size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Prepaid Cards by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key United States Prepaid Cards manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Prepaid Cards with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Prepaid Cards submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.           

Key Reasons to Purchase United States Prepaid Cards Market Report:

-The report analysis by geography highlighting the consumption of the product/service within the region also as indicating the factors that are affecting the market within each region
-The report provides opportunities and threats faced by the vendors in the United States Prepaid Cards Industry
-The report indicates the region and segment that's expected to witness the fastest growth
Competitive landscape includes the market ranking of the main players, along with new product launches, partnerships, business expansions, and acquisitions.
-The report provides extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the main market players
-The report gives the present as well as the future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges, and restraints of both emerging also as developed regions

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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