openPR Logo
Press release

Virtual Cards Market to Revolutionize Digital Transactions, Projected to Reach New Heights by 2030

Virtual Cards Market to Revolutionize Digital Transactions,

According to the report published by Allied Market Research, the global virtual cards market was estimated at $281.22 billion in 2021 and is expected to hit $1.89 trillion by 2031, registering a CAGR of 21.3% from 2022 to 2031.

โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž & ๐“๐Ž๐‚ :
https://www.alliedmarketresearch.com/request-sample/A17176

The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

Covid-19 Scenario
Throughout the pandemic, most banks across the world offered their services online.
The trend of using virtual cards experienced a steep incline, since customers found it suitable to use virtual cards for making any transactions without touching any surface, such as card swipe machines, which are regularly touched by various people, and could be potentially contaminated with the virus.
This is why the demand for virtual cards increased significantly, thus impacting the global virtual cards market positively.
The global market virtual cards market is analyzed across end user, product type, industry vertical, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐–๐ž ๐จ๐Ÿ๐Ÿ๐ž๐ซ ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ฌ ๐ฉ๐ž๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ : https://www.alliedmarketresearch.com/request-for-customization/A17176

Based on end user, the business segment contributed to around three-fourths of the global virtual cards market revenue in 2021, and is expected to lead the trail by the end of 2031. The individuals segment, on the other hand, would exhibit the fastest CAGR of 23.1% throughout the forecast period.

Based on product type, the B2B virtual card segment contributed to more than two-fifths of the global virtual cards market revenue in 2021, and is expected to dominate by 2031. At the same time, the B2C POS virtual cards segment would showcase the fastest CAGR of 25.4% throughout the forecast period. The B2C remote payment virtual cards segment is also assessed in the study.

Based on industry vertical, the media and entertainment segment nearly one-fourth of the total market revenue in 2021, and is expected to dominate by 2031. The advertising segment, simultaneously, would manifest the fastest CAGR of 26.9% throughout the forecast period. The other segments analyzed in the report take in hospitality, consumer goods, energy & utilities, and education.

Based on region, the market across North America generated nearly two-fifths of the total market revenue in 2021, and is anticipated to retain the lion's share by 2031. The Asia-Pacific region, at the same time, would manifest the fastest CAGR of 24.1% during the forecast period. The other regions studied in the report include LAMEA and Europe.

โžก๏ธ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A17176

The key market players analyzed in the global virtual cards market report include BTRS Holdings Inc. dba Billtrust, Bento Technologies Inc., Revolut Ltd., HSBC Group, Citigroup Inc., Capital One, DBS Bank Ltd., ePayService, JPMorgan Chase & Co., American Express, Mastercard, Marqeta, Inc., Stripe, Inc., Standard Chartered Bank, Wise Payments Limited, WEX Inc., and State Bank of India, These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.

Market Growth Drivers
Increase in Online Shopping: Surge in e-commerce and digital transactions.
Adoption by Businesses: Growing use in corporate travel and expense management.
Technological Advancements: Innovations in fintech and payment technologies.
Consumer Demand for Security: Rising concerns over data breaches and payment fraud.

Key Benefits for Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the virtual cards market analysis from 2021 to 2031 to identify the prevailing virtual cards market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the virtual cards market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global virtual cards market trends, key players, market segments, application areas, and market growth strategies.

โžก๏ธ๐๐ฎ๐ฒ ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ๐ž๐ ๐๐ซ๐ข๐œ๐ž @
https://www.alliedmarketresearch.com/checkout-final/c831b04b7b0983400e7497145a4ec5c4?utm_source=AMR&utm_medium=research&utm_campaign=P19623

Key Market Segments

End User

Businesses
Individuals
Product Type

B2B Virtual Card
B2C Remote Payment Virtual Cards
B2C POS Virtual Cards
Industry Vertical

Media and Entertainment
Hospitality
Consumer Goods
Energy and Utilities
Advertising
Education
Others
By Region

North America
U.S.
Canada
Europe
United Kingdom
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
South Korea
Rest of Asia-Pacific
China
India
Japan
Australia
LAMEA
Latin America
Middle East
Africa

โžก๏ธ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐š๐ญ ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ๐ž๐ ๐๐ซ๐ข๐œ๐ž:
Money Transfer Agencies Market https://www.alliedmarketresearch.com/money-transfer-agencies-market-A06935

Fuel Cards Market https://www.alliedmarketresearch.com/fuel-cards-market

India Factoring Services Market https://www.alliedmarketresearch.com/india-factoring-services-market-A21885

RegTech Market https://www.alliedmarketresearch.com/regtech-market

Decentralized Finance Market https://www.alliedmarketresearch.com/decentralized-finance-market-A200418

Robo-advisory Market https://www.alliedmarketresearch.com/robo-advisory-market

1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us:

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.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Virtual Cards Market to Revolutionize Digital Transactions, Projected to Reach New Heights by 2030 here

News-ID: 3505847 • Views: โ€ฆ

More Releases from www.alliedmarketresearch.com

Mobile Payment Revolution in Vietnam: Projected to Reach $2,732 Billion by 2027
Mobile Payment Revolution in Vietnam: Projected to Reach $2,732 Billion by 2027
According to a recent report published by Allied Market Research, titled, "Vietnam Mobile Payment Market by Type, Mode of Transaction, End User, Application, and Type of Purchase: Opportunity Analysis and Industry Forecast, 2020-2027," the Vietnam mobile payment market size was valued at $250 billion in 2019, and projected to reach $2,732 billion by 2027, growing at a CAGR of 30.2% from 2020 to 2027. โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž & ๐“๐Ž๐‚ :โ€ฆ
Unlocking Value: Enterprise Asset Leasing Market Expected to Generate $1.76 Trillion by 2027
Unlocking Value: Enterprise Asset Leasing Market Expected to Generate $1.76 Tril โ€ฆ
According to the report published by Allied Market Research, the global enterprise asset leasing market generated $820.27 billion in 2019, and is expected to generate $1.76 trillion by 2027, witnessing a CAGR of 12.3% from 2020 to 2027. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, value chain, competitive landscape, and regional scenario. โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž & ๐“๐Ž๐‚ : https://www.alliedmarketresearch.com/request-sample/A10318 Rise in average priceโ€ฆ
Sorting Success: Global Note Sorter Market Poised to Hit $14.7 Billion by 2032 with 8.4% CAGR
Sorting Success: Global Note Sorter Market Poised to Hit $14.7 Billion by 2032 w โ€ฆ
According to the report published by Allied Market Research, the global note sorter market generated $6.31 billion in 2019, and is projected to garner $9.53 billion by 2027, witnessing a CAGR of 7.9% from 2020 to 2027. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, value chain, competitive landscape, and regional scenario. โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž & ๐“๐Ž๐‚ : https://www.alliedmarketresearch.com/request-sample/4543 Increase in demand among theโ€ฆ
Sunshine State's Digital Lending Market: Projected to Reach $13.89 Billion by 2027
Sunshine State's Digital Lending Market: Projected to Reach $13.89 Billion by 20 โ€ฆ
According to the report published by Allied Market Research, the Florida digital lending market garnered $4.35 billion in 2019, and is expected to reach $13.89 billion by 2027, witnessing a CAGR of 16.7% from 2020 to 2027. The report offers a detailed analysis of changing market dynamics, competitive scenario, top segments, key investment pockets, value chain, and regional landscape. โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž & ๐“๐Ž๐‚ : https://www.alliedmarketresearch.com/request-sample/A11092 Increase in need & adoptionโ€ฆ

All 5 Releases


More Releases for Card

Gift Card and Incentive Card Market Set for Explosive Growth | National Gift Car โ€ฆ
A new business intelligence report released by AMA with title "Gift Card and Incentive Card Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Gift Card and Incentive Card Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived throughโ€ฆ
IC Card/Smart Card Market 2022 | Detailed Report
The IC Card/Smart Card research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the IC Card/Smart Card research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force. Download FREE Sample Reportโ€ฆ
Prepaid Card Market by Card Type (Single-purpose prepaid card, and Multi-purpose โ€ฆ
Higher preference of prepaid cards to bank account cards has attributed to cost-effectiveness and flexibility. Moreover, increase in awareness and convenience of these cards enhance the adoption of prepaid cards. Furthermore, emerging applications & acceptance of these prepaid cards for various transactions and increasing popularity among individuals traveling abroad are expected to boost the market growth in the future. A new report published by Allied Market Research, titled, Prepaid Card Marketโ€ฆ
Prepaid Card Market by Card Type (Single-purpose prepaid card, and Multi-purpose โ€ฆ
Higher preference of prepaid cards to bank account cards has attributed to cost-effectiveness and flexibility. Moreover, increase in awareness and convenience of these cards enhance the adoption of prepaid cards. Furthermore, emerging applications & acceptance of these prepaid cards for various transactions and increasing popularity among individuals traveling abroad are expected to boost the market growth in the future Prepaid Card Market is projected to grow at a CAGR of 22.7%โ€ฆ
Card Intelligent Lock Market Report 2018: Segmentation by Type (Magnetic card Lo โ€ฆ
Global Card Intelligent Lock market research report provides company profile for Tri-circle, Dessmann, Royalwand, Bangpai, ZKTeco, Schlage, KEYLOCK, Yale, Tenon, KAADAS, BE-TECH and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report alsoโ€ฆ
Prepaid Card Market Report 2018: Segmentation by Card Type (Single-purpose prepa โ€ฆ
Global Prepaid Card market research report provides company profile for Green Dot Corporation, NetSpend Holdings, Inc., H&R Block Inc., American Express Company, JPMorgan Chase & Co., PayPal Holdings, Inc., BBVA Compass Bancshares, Inc. and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, andโ€ฆ