Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||273601|
|Published||Content info||292 Pages
Delivery time: 1-2 business days
|Published: July 1, 2020||Content info: 292 Pages||
Global Prepaid Cards Market to Reach $4.1 Trillion by 2027
Amid the COVID-19 crisis, the global market for Prepaid Cards estimated at US$2 Trillion in the year 2020, is projected to reach a revised size of US$4.1 Trillion by 2027, growing at aCAGR of 10.7% over the period 2020-2027. Closed Loop, one of the segments analyzed in the report, is projected to record 10.2% CAGR and reach US$2.1 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Open Loop segment is readjusted to a revised 11.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $541 Billion, While China is Forecast to Grow at 14.1% CAGR
The Prepaid Cards market in the U.S. is estimated at US$541 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$870.7 Billion by the year 2027 trailing a CAGR of 14.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 9.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.We bring years of research experience to this 16th edition of our report. The 292-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,