Cards Market Report, Research, Insights and Forecast 2024-2033

Overview and Scope

Cards are provided by a bank or other financial organization, which enables users to withdraw money or make purchases using a line of credit.

Sizing and Forecast

The cards market size has grown strongly in recent years. It will grow from $311.38 billion in 2023 to $337.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.  The  growth in the historic period can be attributed to introduction of magnetic stripe cards, banking system modernization, atm network expansion, introduction of emv chip cards, loyalty and reward programs.

The cards market size is expected to see strong growth in the next few years. It will grow to $458.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.  The growth in the forecast period can be attributed to environmental sustainability initiatives, integration with iot devices, fintech disruption, evolving loyalty programs, enhanced security measures. Major trends in the forecast period include biometric authentication adoption, rapid contactless payment growth, mobile wallet expansion, rise of digital-only cards, personalized loyalty programs.

Order your report now for swift delivery, visit the link:

https://www.thebusinessresearchcompany.com/report/cards-global-market-report

Segmentation & Regional Insights

The cards market covered in this report is segmented –

1) By Type: General Purpose, Private Label

2) By Usage: General-purpose Re-loadable Card, Government Benefit/Disbursement Card, Payroll Card, Other Usage

3) By End User: Retail Establishments, Corporate Institutions, Government, Financial Institutions, Other End-Users

Asia-Pacific was the largest region in the cards market in 2023. Western Europe was the second largest region in the global card market share. The regions covered in the cards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=108&type=smp

Major Driver Impacting Market Growth

The rising demand for credit cards is expected to fuel the growth of the card market in the forecast period. The rise in demand for consumer credit products tends to be very apparent in an economic crisis during the COVID-19 outbreak, where pay delays and job losses are feasible, and the outstanding credit card balance indicates that individuals are borrowing to cover their daily expenses. According to the Equifax Quarterly Consumer Credit Demand Index June 2022, the demand for credit cards in Australia increased by 6% as compared to June 2021. Overall consumer credit demand grew by 10.2% as compared to June 2021. Therefore, the rising demand for credit cards drives the growth of the card market.

Key Industry Players

Major companies operating in the cards market report are JP Morgan Chase & Co., The Bank of America Corporation, Bank of Baroda Ltd., Citibank NA, Wells Fargo & Company, American Express Company, United Services Automobile Association, Capital One Financial Corporation, Barclays US, Visa Inc., BBVA Compass Bancshares Inc., PayPal Holdings Inc., The PNC Financial Services Group Inc., Mastercard Incorporated, HDFC Bank Ltd., ICICI Bank Limited, Discover Financial Services, SBI Cards and Payment Services Limited, Axis Bank Limited, Ebay Inc., The Western Union Company, Total System Services Inc., Mango Financial Inc., Navy Federal Credit Union, Green Dot Corporation, NetSpend Holdings Inc., UniRush LLC, Pentagon Federal Credit Union, Kaiku Finance LLC.

The cards market report table of contents includes:

1. Executive Summary

2. Cards Market Characteristics

3. Cards Market Trends And Strategies

4. Cards Market - Macro Economic Scenario

5. Global Cards Market Size and Growth

6. Cards Market Segmentation

7. Cards Market Regional And Country Analysis

………..

34. Key Mergers And Acquisitions In The Cards Market

35. Cards Market Future Outlook and Potential Analysis

36. Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Cards Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Cards Market, Segmentation By Usage, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Cards Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

……………

Table 74: JP Morgan Chase & Co. Financial Performance

Table 75: The Bank of America Corporation Financial Performance

Table 76: Bank of Baroda Ltd. Financial Performance

Table 77: Citibank NA Financial Performance

Table 78: Wells Fargo & Company Financial Performance

Explore the trending research reports from TBRC:

https://goodprnews.com/acute-myeloid-leukemia-market-size/

https://topprnews.com/ai-in-beauty-and-cosmetics-market-growth/

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model