Market Overview:
The global commercial/corporate card market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for open-loop and closed-loop cards by small businesses and corporates, respectively. Additionally, the growing adoption of commercial/corporate cards for online payments is also contributing to the growth of this market. In terms of type, the global commercial/corporate card market is segmented into open-loop cards and closed-loop cards. Closed-loop cards are further subsegmented into merchant creditcards and private label creditcards. Open-loop cards are more popular than closed loopcards as they offer more flexibility with respect to usage as comparedto closed loopcards.
Product Definition:
A commercial or corporate card is a payment card that is issued to businesses and their employees. Commercial cards offer companies the ability to streamline their spending, while also earning rewards on their purchases. Corporate cards are typically designed for larger businesses with multiple employees who need to make purchases on behalf of the company.
Open-Loop:
Open-loop is a term used for credit card processing that occurs between the merchant and the acquirer. The merchant has an application or website where customers can make purchases. The customer enters his/her payment information on the merchant's website and makes a purchase. There is no middleman in open-loop transactions, which means there are no additional costs to either party (merchant or customer).
Closed Loop Cards:
Closed loop cards are also known as smart cards or integrated circuit cards. They contain an embedded chip that can be used for secure identification and data capture in various applications such as transportation, healthcare, government services, banking & finance sector and corporate services. The card is made of plastic or metal with a coating that protects the chip from the external environment.
Application Insights:
The corporate credit cards segment dominated the global commercial/corporate card market in 2017. This can be attributed to the growing number of companies offering corporate cards to their employees. For instance, American Express has more than 200 million members worldwide and approximately 100 million of them hold an American Express card each year. Similarly, Visa has over 120 million active users worldwide and about 80% of them hold a visa card each year. These factors are expected to drive growth over the forecast period for this application segment.
Small business credit cards accounted for a significant share in 2017 as they provide various benefits such as cashback facility, travel credits etc on purchases made by customers through these cards at small businesses locations or online stores operated by small businesses owners or their agents (smaller chains).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing number of corporate travelers, which has resulted in increased adoption of corporate cards. Furthermore, increasing use of plastic money for payment is boosting regional growth. Rapidly expanding retail sector and rising consumer spending on electronic goods are also contributing to market growth in Asia Pacific.
North America held a significant share owing to high usage by small business owners for making payments for inventory as well as employees' wages and salaries. Moreover, an increasing number of startups providing services such as accounting or bookkeeping have led to an increase in demand from North America region due to rise in demand from SMBs segmented into 2 categories based on revenue: Under million (USD) & Above million USD).
Growth Factors:
- Increasing demand for convenience and efficiency among businesses of all sizes
- The rise of e-commerce and the need for secure payment methods
- The growth of mobile payments and the increasing popularity of contactless cards
- Corporate travel continuing to grow in popularity, especially among millennials
- More companies looking to offer employee cards as a perk
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial/Corporate Card Market Research Report
By Type
Open-Loop, Closed Loop Cards
By Application
Small Business Credit Cards, Corporate Credit Cards,
By Companies
American Express, Banco Itau, Bank of America Merrill Lynch, Bank of Brazil, Bank of East Asia, Chase Commercial Banking, Diner’s Club, Hang Seng Bank, Hyundai, JP Morgan, MasterCard, SimplyCash,
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Commercial/Corporate Card Market Report Segments:
The global Commercial/Corporate Card market is segmented on the basis of:
Types
Open-Loop, Closed Loop Cards
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small Business Credit Cards, Corporate Credit Cards,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- American Express
- Banco Itau
- Bank of America Merrill Lynch
- Bank of Brazil
- Bank of East Asia
- Chase Commercial Banking
- Diner’s Club
- Hang Seng Bank
- Hyundai
- JP Morgan
- MasterCard
- SimplyCash
Highlights of The Commercial/Corporate Card Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Open-Loop
- Closed Loop Cards
- By Application:
- Small Business Credit Cards
- Corporate Credit Cards
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial/Corporate Card Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial/corporate card is a plastic card that is issued to businesses and organizations. These cards are typically used for purchases such as food, drinks, and merchandise. They are also commonly used to access business facilities such as printers and photocopiers.
Some of the key players operating in the commercial/corporate card market are American Express, Banco Itau, Bank of America Merrill Lynch, Bank of Brazil, Bank of East Asia, Chase Commercial Banking, Diner¢â‚¬â„¢s Club, Hang Seng Bank, Hyundai, JP Morgan, MasterCard, SimplyCash.
The commercial/corporate card market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial/Corporate Card Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Commercial/Corporate Card Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Commercial/Corporate Card Market - Supply Chain
4.5. Global Commercial/Corporate Card Market Forecast
4.5.1. Commercial/Corporate Card Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Commercial/Corporate Card Market Size (000 Units) and Y-o-Y Growth
4.5.3. Commercial/Corporate Card Market Absolute $ Opportunity
5. Global Commercial/Corporate Card Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Commercial/Corporate Card Market Size and Volume Forecast by Type
5.3.1. Open-Loop
5.3.2. Closed Loop Cards
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Commercial/Corporate Card Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Commercial/Corporate Card Market Size and Volume Forecast by Application
6.3.1. Small Business Credit Cards
6.3.2. Corporate Credit Cards
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Commercial/Corporate Card Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Commercial/Corporate Card Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Commercial/Corporate Card Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Commercial/Corporate Card Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Commercial/Corporate Card Demand Share Forecast, 2019-2026
9. North America Commercial/Corporate Card Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Commercial/Corporate Card Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Commercial/Corporate Card Market Size and Volume Forecast by Application
9.4.1. Small Business Credit Cards
9.4.2. Corporate Credit Cards
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Commercial/Corporate Card Market Size and Volume Forecast by Type
9.7.1. Open-Loop
9.7.2. Closed Loop Cards
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Commercial/Corporate Card Demand Share Forecast, 2019-2026
10. Latin America Commercial/Corporate Card Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Commercial/Corporate Card Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Commercial/Corporate Card Market Size and Volume Forecast by Application
10.4.1. Small Business Credit Cards
10.4.2. Corporate Credit Cards
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Commercial/Corporate Card Market Size and Volume Forecast by Type
10.7.1. Open-Loop
10.7.2. Closed Loop Cards
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Commercial/Corporate Card Demand Share Forecast, 2019-2026
11. Europe Commercial/Corporate Card Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Commercial/Corporate Card Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Commercial/Corporate Card Market Size and Volume Forecast by Application
11.4.1. Small Business Credit Cards
11.4.2. Corporate Credit Cards
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Commercial/Corporate Card Market Size and Volume Forecast by Type
11.7.1. Open-Loop
11.7.2. Closed Loop Cards
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Commercial/Corporate Card Demand Share, 2019-2026
12. Asia Pacific Commercial/Corporate Card Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Commercial/Corporate Card Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Commercial/Corporate Card Market Size and Volume Forecast by Application
12.4.1. Small Business Credit Cards
12.4.2. Corporate Credit Cards
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Commercial/Corporate Card Market Size and Volume Forecast by Type
12.7.1. Open-Loop
12.7.2. Closed Loop Cards
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Commercial/Corporate Card Demand Share, 2019-2026
13. Middle East & Africa Commercial/Corporate Card Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Commercial/Corporate Card Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Commercial/Corporate Card Market Size and Volume Forecast by Application
13.4.1. Small Business Credit Cards
13.4.2. Corporate Credit Cards
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Commercial/Corporate Card Market Size and Volume Forecast by Type
13.7.1. Open-Loop
13.7.2. Closed Loop Cards
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Commercial/Corporate Card Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Commercial/Corporate Card Market: Market Share Analysis
14.2. Commercial/Corporate Card Distributors and Customers
14.3. Commercial/Corporate Card Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. American Express
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Banco Itau
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bank of America Merrill Lynch
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bank of Brazil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bank of East Asia
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chase Commercial Banking
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Diners Club
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hang Seng Bank
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyundai
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. JP Morgan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MasterCard
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SimplyCash
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
