Pune, 2, May, 2023: As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Credit Card Issuance Services Market” was USD 1030.28 Bn in 2022 and is expected to grow at a CAGR of 7.9 percent over the forecast period to reach USD 1754.31 Bn by 2029.
Credit Card Issuance Services Market Report Scope and Research Methodology
The Credit Card Issuance Services Market report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. The detailed analysis of segments provides clear information on the Credit Card Issuance Services Market potential. The analysis provides investors with a full insight into the Credit Card Issuance Services industry’s future, as well as the elements that are expected to affect the market positively and negatively. For the competitive analysis, the report includes the market leaders, followers and new entrants in the Credit Card Issuance Services Industry with information on strategies, revenue, partnership, joint ventures, etc. The bottom-up approach was used to estimate the regional and global Credit Card Issuance Services Market size. To gather the data for the Credit Card Issuance Services Market report, primary and secondary research methodologies were used. To provide the strengths and weaknesses of the Credit Card Issuance Services’ key players, the SWOT analysis was used. PESTLE was employed to present the potential impact of the macroeconomic and micro-economic factors affecting the Credit Card Issuance Services industry.
Credit Card Issuance Services Market Dynamics
The market growth is majorly driven by the increasing demand for credit card services in developing countries. The profit share of credit card issuers is also increasing in the market because of their creation of new revenue stream from affiliate marketing and by evaluating in-organic growth. The favourable government initiatives for the digitalization of financial services are expected to drive the market growth during the forecast. The factors that are hampering the market growth are the increase in credit card frauds across the world and high-interest rates on credit cards.
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Credit Card Issuance Services Market Regional Insights
The North America region dominated the global Credit Card Issuance Services market in 2022 and is expected to grow at a high rate during the forecast period. This growth of the market is attributed to the consumer price index and high competition.
The Credit Card Issuance Services Market in the Asia Pacific region is expected to grow at a high rate during the forecast. The regional market is growing mainly because of developing e-commerce and rising credit card awareness among developing nations.
Credit Card Issuance Services Market Segmentation
By Type
By Issuers
By End User
Credit Card Issuance Services Key Players include:
Table of Content for Credit Card Issuance Services Market
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Key questions answered in the Credit Card Issuance Services Market are:
Key Offerings:
Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
Secure Digital Card Market – The market size is expected to reach USD 13.9 billion by 2029 at a CAGR of 5.7 percent during the forecast period. The market is expected to be driven by the increasing adoption of digital services.
Cardless ATM Market – The market size is expected to reach USD 5.16 billion by 2029 at a CAGR of 10.5 percent during the forecast period. The market is expected to be driven by the increasing penetration of smartphones.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical Film Type, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Film Types and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Film Typeion and demand analysis, and client impact studies.
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