Press release
Credit Card Issuance Services Market Is Expected to Reach $952.2 Billion by 2031 | Marqeta, Inc., Thales, Fiserv, Inc., Stripe, Inc., American Express Company
According to the report published by Allied Market Research, the global credit card issuance services market generated $443.7 billion in 2021, and is estimated to reach $952.2 billion by 2031, witnessing a CAGR of 8.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐
https://www.alliedmarketresearch.com/request-sample/A31800
Covid-19 Scenario:
The outbreak of the COVID-19 pandemic had a notable impact on the credit card issuance services market. This is due to lockdowns imposed by many countries in response to the rapid spread of the COVID-19 virus which impacted activities in banking and many other industries. Rise in pay delays & job losses and decline in borrowing credit by individuals to cover their daily expenses also impacted the growth of the market.
Moreover, customers stopped taking new credit cards and focused on paying off their debts. This was due to the huge loss of jobs and lockdown by the government of respective countries across the globe.
However, the credit card issuance services market has recovered post the pandemic and it is expected that the industry will see numerous lucrative prospects in the approaching years.
The report offers a detailed segmentation of the global credit card issuance services market based on type, issuers, end users, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type, the consumer credit cards segment held the largest share in 2021, accounting for more than four-fifths of the global credit card issuance services market, and would rule the roost through 2031. The business credit cards segment, however, is estimated to witness the fastest CAGR of 12.6% during the forecast period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.alliedmarketresearch.com/request-for-customization/A31800
Based on issuers, the banks segment held the largest share in 2021, capturing nearly two-thirds of the global credit card issuance services market, and would lead the trail through 2031. The NBFCs segment, however, is estimated to witness the fastest CAGR of 12.2% during the forecast period. The report also discusses the credit unions segment.
In terms of end user, the personal segment captured the largest market share of over four-fifths in 2021 and is expected to dominate the market during the forecast period. The business segment, on the other hand, is likely to achieve the fastest CAGR of 12.3% through 2031.
Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global credit card issuance services market, and is likely to maintain its leadership status during the forecast period. However, the market in Asia-Pacific is expected to manifest the highest CAGR of 11.5% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.
Leading players of the global credit card issuance services market analyzed in the research include Fiserv, Inc., Marqeta, Inc., Stripe, Inc., Giesecke+Devrient GmbH, Entrust Corporation., GPUK LLP., Nium Pte. Ltd., FIS, Thales, and American Express Company.
The report analyzes these key players of the global credit card issuance services market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ :
https://www.alliedmarketresearch.com/purchase-enquiry/A31800
The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
Credit Card Issuance Services Market Key Segments:
Type
Consumer Credit Cards
Business Credit Cards
Issuers
Banks
Credit Unions
NBFCs
End User
Personal
Business
By Region
North Americaโฏ (U.S., Canada)
Europeโฏ (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia-Pacificโฏ (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEAโฏ (Latin America, Middle East, Africa)
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ - https://bit.ly/3D8GMBT
๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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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.
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