Dublin, July 22, 2024 (GLOBE NEWSWIRE) -- The "Prepaid Cards - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Prepaid Cards is estimated at US$2 Trillion in 2023 and is projected to reach US$4.1 Trillion by 2030, growing at a CAGR of 9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Closed Loop Prepaid Cards segment, which is expected to reach US$2.3 Trillion by 2030 with a CAGR of 8.8%. The Open Loop Prepaid Cards segment is also set to grow at 9.3% CAGR over the next 8 years.
- Regional Analysis: Gain insights into the U.S. market, estimated at $726.5 Billion in 2023, and China, forecasted to grow at an impressive 12.3% CAGR to reach $648.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Prepaid Cards Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Prepaid Cards Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Prepaid Cards Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AT&T, Inc., Bank of America, N.A., ADP, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 259 Featured):
- AT&T, Inc.
- Bank of America, N.A.
- ADP, Inc.
- Amadeus IT Group SA
- Axis Bank Ltd.
- American Express Company
- allpay Ltd.
- Bankable
- Allied Wallet
- AsiaPay Limited
- Axios Credit Bank
- Bitsa
- ABNB Federal Credit Union
- ANGEL Mastercard
- Allpoint Network
MarketGlass Platform
Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 691 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $2 Trillion |
| Forecasted Market Value (USD) by 2030 | $4.1 Trillion |
| Compound Annual Growth Rate | 9% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Prepaid Cards - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- A Prelude to Prepaid Cards
- Comparison between Credit Card, Debit Card and Prepaid Card
- Market Segments
- Types of Prepaid Cards
- Advantages and Disadvantages of Prepaid Cards
- Global Market Prospects & Outlook
- Addressing the Needs of the Unserved/Underserved: A Major Market Driver
- Improved Efficiencies and Transparency Drives Inclusion of Prepaid Cards in Commercial Programs
- Breaking Barriers to Ensure Broader Uptake of Digital Payments among Consumers
- Key Growth Factors
- Key Market Restraints
- Analysis by Geographic Region
- World Prepaid Cards Market by Region: Percentage Breakdown of Gross Value for Developed and Developing Regions (2024 & 2030)
- World Prepaid Cards Market - Geographic Regions Ranked by CAGR (Value) for 2024-2030: China, Asia-Pacific, Latin America, Canada, Middle East, USA, Europe, Japan and Africa
- Analysis by Segment
- World Prepaid Cards Market by Type (2024 & 2030): Percentage Breakdown of Gross Value for Closed Loop and Open Loop
- Competitive Scenario
- An Insight into the Prepaid Card Value Chain
- Prepaid Value Chain: Role and Revenue Driver by Category
- Evolving Prepaid Value Chain amidst Changing Environment
- Recent Market Activity
- Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Prepaid Cards: A Brighter Prospect in Cards amid Growing Digital Payments
- COVID-19 Catalyzes Adoption of Digital Payments
- Banks Go the Prepaid Way
- Unbanked and Underbanked Consumers: Evolving as a Potential Market
- Top Factors Cited as Barrier to Account Ownership: % of Adults Citing the Reason for Being Unbanked
- Urban Sprawl Encourages a Positive Tide
- World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
- Prepaid Eye the Upmarket
- Gaining Popularity among Millennials
- Consumer Shift from Cash to Card Based Purchase Transactions Propels Demand
- Robust Rise of e-Commerce & m-Commerce to Support Market Growth
- Global B2C E-Commerce Sales in US$ Trillion for the Years 2019, 2020, 2021, 2022, 2023, 2024 and 2025
- Pandemic Fast Forwards eCommerce Growth
- Global B2C e-Commerce Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Market Gains from Increased Retailer Acceptance of Card Based Payments
- Virtual Prepaid Payment Cards: Next Generation of Prepaid
- Prepaid Cards Offer Stiff Competition to Debit Cards
- Prepaid Payroll Cards Expected to Witness Robust Growth
- Retailer Specific-Prepaid Cards Gain Popularity in Developed Markets
- Impact of Pandemic on Retail & Restaurant Industries: What's the New Normal?
- Global Department Stores Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Innovations Sustain Growth in Gift Cards Market
- Retailers Eye Gift Cards to Build Loyal Customers
- Growing Focus on Employee Rewards & Recognition to Spur Demand for Gift Cards
- Why Companies Bet on Employee Rewards & Recognition?
- Gift Cards: A Compelling Employee Reward Option
- Advantages of Gift Cards for Employee Rewards & Recognition Program
- Cohesive and Innovative Strategies: Key to Success of Gift Card Programs in Retail
- Ease of Handling Drives Use of Digital Gift Cards for Incentives and Rewards Applications
- Gift-Giving Etiquette Ingrained Into Our Culture Provides the Cornerstone for the Growth of the Gift Card Industry
- Omni-channel Shopping is Here to Stay
- Prepaid Travel Cards Grab Eyeballs
- Fueled by High Uptake and Technological Progress, Prepaid Cards Hold Rosier Future
- Chip Technology Makes Way into Prepaid Cards for Enhanced Security
- Prepaid Cards Provides Hope for Better Travel Insurance Services
- Challenges & Issues
- Dearth of Consumer Awareness: A Major Challenge
- High and Non-Standard Fees - A Major Hindrance to Growth
- Need for Regulatory Tabs
- Increasing Frauds and Abetting Criminal Activity - The Achilles' Heel of Prepaid Cards Business
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/6dwnue
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