Credit spending growth is expected to level off in 2022 as sustained consumer adoption of e-commerce pushes online credit card usage to over $500 billion for the first time. The value of in-store credit card transactions will grow 3.2% year-over-year in the United States, reaching nearly $2.336 billion.
Pune, May 09, 2022 (GLOBE NEWSWIRE) — credit card market by Type/Solution, Service, Organization Size, End-Use Industries, and Region – Global Credit Card Market Forecast to 2030, published by Market Data Center, the credit card market is expected to grow at a steady pace over the forecast period. The presence of key players in the ecosystem has led to a competitive and diverse market. Advancement of digital transformation initiatives across several industries is expected to drive the global credit card market during the study period.
Credit spending growth is expected to level off in 2022 as sustained consumer adoption of e-commerce pushes online credit card usage to over $500 billion for the first time. in the United States, reaching almost 2,336 billion dollars.
This report COVID-19 analysis includes IMPACT COVID-19 on production and demand, supply chain. This report provides detailed historical analysis of the global credit card market from 2017 to 2021 and provides detailed market forecast from 2022 to 2030 by region/country and sub-sectors. The report covers revenue, sales volume, price, historical growth and future prospects in the Credit Card market.
“The global credit card payments market was valued at USD 144.9 billion in 2021 and it is estimated to reach over USD 271.4 billion by 2030, at a CAGR of over 10.1% during the forecast period from 2022 to 2030.”
Based on geography, the global credit card market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is expected to hold a considerable share of the global credit card market. Due to increasing investment in the research and development process and adoption of solutions in the region, Asia Pacific is expected to grow at a faster rate during the forecast period.
The growing number of credit card market players across all regions is expected to further drive the market growth. Additionally, increasing investment by major vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where large populations are coupled with new innovations in many industries.
In the deep ToC includes
233 – Tables
45 – Numbers
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1.1. Market definition
1.2. Market segmentation
1.3. Geographic scope
1.4. Years considered: historical years – 2017 and 2020; Base year – 2021; Forecast Years – 2022 to 2030
1.5. Currency used
2. RESEARCH METHODOLOGY
2.1. Research framework
2.2. Data collection technique
2.3. Information source
2.3.1. Secondary sources
2.3.2. Primary sources
2.4. Market estimation methodology
2.4.1. An in-depth approach
2.4.2. Top-down approach
2.5. Data validation and triangulation
2.5.1. Market Forecast Model
2.5.2. Study limitations/assumptions
3. SUMMARY OF THE STUDY
4. ASSESSMENT OF MARKET DYNAMICS
5. VALUE CHAIN ANALYSIS
6. PRICE ANALYSIS
7. SUPPLY CHAIN ANALYSIS
8. MARKET SIZE AND FORECAST
8.1. Global – Credit Card Market Analysis and Forecast, by Region
8.2. Global – Credit Card Market Analysis and Forecast, by Segment
8.2.1. North America credit card market, by segment
8.2.2. North America credit card market, by country
8.2.3. European credit card market, by segment
8.2.4. European credit card market, by country
220.127.116.11. Rest of Europe (ROE)
8.2.5. Asia Pacific Credit Card Market, By Segment
8.2.6. Asia-Pacific credit card market, by country
18.104.22.168. Rest of Asia-Pacific (RoAPAC)
8.2.7. Rest of the World (ROW) Credit Card Market, by Segment
8.2.8. Rest of the World (ROW) Credit Card Market, by Country
22.214.171.124. Latin America
126.96.36.199. Middle East and Africa
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Answers to key questions
What is the potential of the credit card market?
What is the impact of COVID-19 on the global credit card market?
What are the main strategies adopted by companies in the credit card market?
Which region has the highest investments in the credit card market?
What is the latest research and activity for the Credit Card market?
Who are the major players in the credit card market?
What is the potential of the credit card market?
Vendor assessment includes an in-depth analysis of how vendors meet demand in the credit card market. The MDC CompetetiveScape model was used to assess the qualitative and quantitative information for this assessment. MDC’s CompetitiveScape is a structured method for identifying key players and describing their strengths, relevant characteristics and outreach strategy. MDC’s CompetitiveScape enables organizations to analyze the environmental factors that influence their business, set goals and identify new marketing strategies. MDC Research analysts conduct in-depth investigation into solutions, services, programs, marketing, organization size, geographic focus, organization type, and vendor strategies.
Technology has a huge impact on business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for companies. Technology assessment helps organizations understand their current technology situation and offers them a roadmap towards which they might want to evolve and grow their business. A well-defined process for evaluating and selecting technology solutions can help organizations reduce risk, achieve their goals, identify the problem, and fix it the right way. Technology assessment can help companies identify which technologies to invest in, meet industry standards, and compete with competitors.
Business ecosystem analysis
Advances in technology and digitalization have changed the way companies do business; the business ecosystem concept helps companies understand how to thrive in this changing environment. Business ecosystems offer organizations the opportunity to integrate technology into their day-to-day business operations and improve their research and business skills. The business ecosystem comprises a network of interconnected businesses that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships between suppliers, distributors, and end users in the delivery of a product or service.
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Regions and countries covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia- Pacific) and Rest of the World (Row).
Credit Card Market Dynamics, Impact of Covid-19 on the Credit Card Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Analysis segmentation, sizing of the credit card market, analysis tables.
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