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Global $725+ Billion Cards & Payments Markets 2021 - COVID-19 Impact and Recovery to 2030

Research and Markets
·4 min read

Dublin, Feb. 25, 2021 (GLOBE NEWSWIRE) -- The "Cards & Payments Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

Cards & Payments Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global cards & payments market as it emerges from the COVID-19 shut down.

Major companies in the cards and payments market include American Express Company; Visa; Bank of America; PayPal and Mastercard.

The global cards & payments market is expected to grow from $671.73 billion in 2020 to $729.9 billion in 2021 at a compound annual growth rate (CAGR) of 8.7%.

The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $961.34 billion in 2025 at a CAGR of 7%.

The cards and payments market consists of sales of cards and payments services by entities (organizations, sole traders and partnerships) that are engaged in storing, processing and transmitting payment card data. The cards and payments market is segmented into cards; and payments.

Asia Pacific was the largest region in the global cards & payments market, accounting for 33% of the market in 2020. Western Europe was the second largest region accounting for 23% of the global cards & payments market. South America was the smallest region in the global cards & payments market.

Cards and payments companies are investing in technologies and formulating guidelines to prevent card and payment frauds. In this regard, payment service providers and merchants have implemented various solutions including the Payment Card Industry Data Security Standard (PCI DSS) compliance, EMV technology, 3-D Secure services, tokenization, biometrics and end-to-end encryption. To combat the constantly evolving card fraud methods, the National Retail Federation (NRF) also updates its security guidelines continuously.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Cards & Payments Market Characteristics
3.1. Market Definition
3.2. Key Segmentations

4. Cards & Payments Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products

5. Cards & Payments Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers

6. Cards & Payments Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth

7. Cards & Payments Market Trends And Strategies

8. Impact Of COVID-19 On Cards & Payments

9. Cards & Payments Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market

10. Cards & Payments Market Regional Analysis
10.1. Global Cards & Payments Market, 2020, By Region, Value ($ Billion)
10.2. Global Cards & Payments Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Cards & Payments Market, Growth And Market Share Comparison, By Region

11. Cards & Payments Market Segmentation
11.1. Global Cards & Payments Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Cards

  • Payments

11.2. Global Cards & Payments Market, Segmentation By Institution Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Banking Institutions

  • Non-Banking Institutions

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12. Cards & Payments Market Segments
12.1. Global Cards Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Credit Card; Debit Card; Charge Card; Prepaid Card
12.2. Global Payments Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) -

13. Cards & Payments Market Metrics
13.1. Cards & Payments Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Cards & Payments Market Expenditure, 2015-2025, Global

Companies Mentioned

  • American Express Company

  • Visa

  • Bank of America

  • PayPal

  • Mastercard

For more information about this report visit https://www.researchandmarkets.com/r/85hdif

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900