Market Overview:
The global cards market is expected to grow from USD 5.27 trillion in 2018 to USD 8.68 trillion by 2030, at a CAGR of 6.0% during the forecast period. The growth of the global cards market can be attributed to the increasing use of debit, credit, charge, and prepaid cards for online and in-store payments. Additionally, the growing adoption of contactless payments is also contributing to the growth of this market. However, security concerns related to card fraud are restraining the growth of this market. Based on type, the debit cards segment is expected to account for a larger share than other segments duringthe forecast period owingto its high adoption for online and in-store payments across various regions worldwide .
Product Definition:
Cards are pieces of paper that have been printed with images or text, usually used for playing games or for other forms of amusement.
Debit Cards:
debit cards are used to make purchases using cash or electronic funds. They are issued by banks and other financial institutions as an alternative to credit cards. The card has a magnetic strip on it where the information of the user is stored. The debit card works like a credit card; however, instead of charging the customer's account, it deducts money from the bank account associated with that particular debit card.
Credit Cards:
Credit cards are plastic payment devices with a built in chip that allows the card to be used for online shopping and at stores. They work like debit cards but allow consumers to spend more than they have. The main difference between credit and debit cards is that credit cards require the consumer to have good credit while debit requires cash advance from an ATM or bank account.
Application Insights:
The in-store payments segment dominated the global cards market, accounting for over 40% of the revenue share in 2017. The growth can be attributed to increasing adoption of contactless payment technology at retail stores across various countries. Contactless payment allows consumers to pay without having to enter their pin codes or signatures on a receipt.
The online payments segment is expected register significant growth during the forecast period owing to increased use of digital wallets and e-wallets among consumers globally. Digital wallets are mobile apps that allow users store money and card details which can be used for making purchases from online retailers as well as offline stores that accept electronic transactions. These apps provide easy access to funds stored with them through banks or other financial institutions using different methods such as transferring funds from one account holder's wallet into another account holders' wallet or visa versa etc.
Regional Analysis:
North America dominated the global cards market in 2017. The growth can be attributed to the presence of a large number of prominent players such as VISA, MasterCard and American Express operating in this region. Moreover, these companies are consistently working towards improving their products and services to ensure high customer satisfaction. For instance, in September 2018, VISA launched its new product called—Visa Infinite—in U.S., which is a combination of credit card and charge card with embedded microprocessor that makes it impossible for the customers to pay with more than one type of card at a time. This new product has added several features such as automatic payment deduction for all purchases over 0 or less; fraud protection; price protection; and extended warranty expiration date among others (Visa Inc.).
Growth Factors:
- Increasing urbanization and disposable income: The global cards market is expected to grow at a CAGR of 9.5% from 2016 to 2021, owing to the increasing urbanization and disposable income across the world.
- Proliferation of digital payments: The growth of digital payments is expected to drive the demand for cards in the coming years. This is because digital payments are more secure and convenient than traditional methods such as cash or cheques.
- Technological advancements: With technological advancements, there has been a shift towards contactless cards, which are more secure and faster than traditional cards. This is likely to fuel the growth of the global cards market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cards Market Research Report
By Type
Debit Cards, Credit Cards, Charge Cards, Prepaid Cards
By Application
Online Payments, In-Store Payments
By Companies
American Express, Visa, MasterCard, FIS, Bank Of America
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Cards Market Report Segments:
The global Cards market is segmented on the basis of:
Types
Debit Cards, Credit Cards, Charge Cards, Prepaid 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
Online Payments, In-Store Payments
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
- Visa
- MasterCard
- FIS
- Bank Of America
Highlights of The Cards 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:
- Debit Cards
- Credit Cards
- Charge Cards
- Prepaid Cards
- By Application:
- Online Payments
- In-Store Payments
- 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 Cards 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Cards is a free, open source, cross-platform application for managing and playing cards. It includes a deck editor to create custom decks of cards, as well as tools to manage your games and track your statistics.
Some of the major companies in the cards market are American Express, Visa, MasterCard, FIS, Bank Of America.
The cards market is expected to grow at a compound annual growth rate of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cards Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cards Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cards Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cards Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cards Market Size & Forecast, 2018-2028 4.5.1 Cards Market Size and Y-o-Y Growth 4.5.2 Cards Market Absolute $ Opportunity
Chapter 5 Global Cards Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cards Market Size Forecast by Type
5.2.1 Debit Cards
5.2.2 Credit Cards
5.2.3 Charge Cards
5.2.4 Prepaid Cards
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cards Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cards Market Size Forecast by Applications
6.2.1 Online Payments
6.2.2 In-Store Payments
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cards Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cards Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cards Analysis and Forecast
9.1 Introduction
9.2 North America Cards Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cards Market Size Forecast by Type
9.6.1 Debit Cards
9.6.2 Credit Cards
9.6.3 Charge Cards
9.6.4 Prepaid Cards
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cards Market Size Forecast by Applications
9.10.1 Online Payments
9.10.2 In-Store Payments
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cards Analysis and Forecast
10.1 Introduction
10.2 Europe Cards Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cards Market Size Forecast by Type
10.6.1 Debit Cards
10.6.2 Credit Cards
10.6.3 Charge Cards
10.6.4 Prepaid Cards
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cards Market Size Forecast by Applications
10.10.1 Online Payments
10.10.2 In-Store Payments
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cards Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cards Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cards Market Size Forecast by Type
11.6.1 Debit Cards
11.6.2 Credit Cards
11.6.3 Charge Cards
11.6.4 Prepaid Cards
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cards Market Size Forecast by Applications
11.10.1 Online Payments
11.10.2 In-Store Payments
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cards Analysis and Forecast
12.1 Introduction
12.2 Latin America Cards Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cards Market Size Forecast by Type
12.6.1 Debit Cards
12.6.2 Credit Cards
12.6.3 Charge Cards
12.6.4 Prepaid Cards
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cards Market Size Forecast by Applications
12.10.1 Online Payments
12.10.2 In-Store Payments
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cards Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cards Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cards Market Size Forecast by Type
13.6.1 Debit Cards
13.6.2 Credit Cards
13.6.3 Charge Cards
13.6.4 Prepaid Cards
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cards Market Size Forecast by Applications
13.10.1 Online Payments
13.10.2 In-Store Payments
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cards Market: Competitive Dashboard
14.2 Global Cards Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Express
14.3.2 Visa
14.3.3 MasterCard
14.3.4 FIS
14.3.5 Bank Of America