Bank Cards Market Research Report by Card Type, Payment Transactions, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19 - ResearchAndMarkets.com

The "Bank Cards Market Research Report by Card Type, Payment Transactions, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Bank Cards Market size was estimated at USD 8,291.22 million in 2021, USD 9,043.24 million in 2022, and is projected to grow at a CAGR of 9.32% to reach USD 14,155.81 million by 2027.

In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Cumulative Impact of COVID-19:

The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.

It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Bank Cards Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others.

Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Market Dynamics

Drivers

• Increasing penetration of credit cards with value-added offers
• Government initiatives towards cashless transaction
• Rising acceptance of different card payment at B2B and B2C sectors

Restraints

• Risk of hacking and privacy issues

Opportunities

• Increasing internet penetration and adoption of mobile technology
• Rising development to include children scheme in the banking sector

Challenges

• Growing alternative payment modes such as Google Pay and PayPal
• Cumulative Impact of COVID-19

Company Usability Profiles:

• Alliant Credit Union
• American Express Company
• Bank of America Corporation
• Barclays Bank Delaware
• Capital One, N.A.
• Citigroup Inc
• Credit One Bank, N.A.
• Discover Financial Services
• HSBC Group
• JPMorgan Chase & Co.
• Mastercard International Incorporated
• State Bank of India
• Synchrony Bank
• The Huntington National Bank
• The PNC Financial Services Group, Inc.
• U.S. Bank
• Union Bank of India
• USAA S.A.
• Visa
• Wells Fargo

For more information about this report visit https://www.researchandmarkets.com/r/x5y2mp

View source version on businesswire.com: https://www.businesswire.com/news/home/20221128005519/en/