Credit Card Issuance Services Market Expected to Reach $952.2 Billion by 2031—Allied Market Research

Credit Card Issuance Services Market 2031 | Emerging Trends, Growth Factors, Business Opportunities | At a CAGR of 8.2%

NEW CASTLE, WILMINGTON, UNITED STATES, December 7, 2023 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global credit card issuance services market generated $443.7 billion in 2021, and is estimated to reach $952.2 billion by 2031, witnessing a CAGR of 8.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.

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Covid-19 Scenario:

The outbreak of the COVID-19 pandemic had a notable impact on the credit card issuance services market. This is due to lockdowns imposed by many countries in response to the rapid spread of the COVID-19 virus which impacted activities in banking and many other industries. Rise in pay delays & job losses and decline in borrowing credit by individuals to cover their daily expenses also impacted the growth of the market.
Moreover, customers stopped taking new credit cards and focused on paying off their debts. This was due to the huge loss of jobs and lockdown by the government of respective countries across the globe.
However, the credit card issuance services market has recovered post the pandemic and it is expected that the industry will see numerous lucrative prospects in the approaching years.

The report offers a detailed segmentation of the global credit card issuance services market based on type, issuers, end users, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped into to achieve growth in the coming years.

Based on type, the consumer credit cards segment held the largest share in 2021, accounting for more than four-fifths of the global credit card issuance services market, and would rule the roost through 2031. The business credit cards segment, however, is estimated to witness the fastest CAGR of 12.6% during the forecast period.

Based on issuers, the banks segment held the largest share in 2021, capturing nearly two-thirds of the global credit card issuance services market, and would lead the trail through 2031. The NBFC segment, however, is estimated to witness the fastest CAGR of 12.2% during the forecast period. The report also discusses the credit unions segment.

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In terms of end user, the personal segment captured the largest market share of over four-fifths in 2021 and is expected to dominate the market during the forecast period. The business segment, on the other hand, is likely to achieve the fastest CAGR of 12.3% through 2031.

Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global credit card issuance services market, and is likely to maintain its leadership status during the forecast period. However, the market in Asia-Pacific is expected to manifest the highest CAGR of 11.5% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.

Leading players of the global credit card issuance services market analyzed in the research include Fiserv, Inc., Marqeta, Inc., Stripe, Inc., Giesecke+Devrient GmbH, Entrust Corporation., GPUK LLP., Nium Pte. Ltd., FIS, Thales, and American Express Company.

The report analyzes these key players of the global credit card issuance services market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, product portfolio, and developments by every market player.

Key benefits for stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the credit card issuance services market analysis from 2021 to 2031 to identify the prevailing credit card issuance services market opportunity.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the credit card issuance services market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global credit card issuance services market trends, key players, market segments, application areas, and market growth strategies.

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Credit Card Issuance Services Market Key Segments:

Type
Consumer Credit Cards
Business Credit Cards

By Issuers
Banks
Credit Unions
NBFCs

End User
Personal
Business

By Region
North America  (U.S., Canada)
Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA  (Latin America, Middle East, Africa)

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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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