PUBLISHER: Lucintel | PRODUCT CODE: 1416286
PUBLISHER: Lucintel | PRODUCT CODE: 1416286
The future of the global prepaid card market looks promising with opportunities in the retail establishment, corporate institution, government, and financial institution sectors. The global prepaid card market is expected to reach an estimated $5,385.6 billion by 2030 with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are increasing demand for prepaid cards in remittance services, surge in the number of unbanked and underbanked individuals, and growing interest in cashless transaction.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global prepaid card by type, usage, end use, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies prepaid card companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the prepaid card companies profiled in this report include-
Lucintel forecasts that closed loop will remain the larger segment over the forecast period due to its various benefits, such as easy accessibility, low risk of fraud, and low interest rates.
Within this market, retail establishment will remain the largest segment due to increasing preference for online retail activities for shopping and bill payment.
North America will remain the largest region over the forecast period due to existence of robust financial infrastructure, rising popularity of online shopping, and existence of favorable government regulations towards adoption of prepaid card in the region.
Market Size Estimates: Prepaid card market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Prepaid card market size by type, usage, end use, and region in terms of value ($B).
Regional Analysis: Prepaid card market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, usages, end uses, and regions for the prepaid card market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the prepaid card market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q1. What is the prepaid card market size?
Answer: The global prepaid card market is expected to reach an estimated $5,385.6 billion by 2030.
Q2. What is the growth forecast for prepaid card market?
Answer: The global prepaid card market is expected to grow with a CAGR of 14.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the prepaid card market?
Answer: The major drivers for this market are increasing demand for prepaid cards in remittance services, surge in the number of unbanked and underbanked individuals, and growing interest in cashless transaction.
Q4. What are the major segments for prepaid card market?
Answer: The future of the prepaid card market looks promising with opportunities in the retail establishment, corporate institution, government, and financial institution sectors.
Q5. Who are the key prepaid card market companies?
Answer: Some of the key prepaid card companies are as follows:
Q6. Which prepaid card market segment will be the largest in future?
Answer: Lucintel forecasts that closed loop will remain the larger segment over the forecast period due to its various benefits, such as easy accessibility, low risk of fraud, and low interest rates.
Q7. In prepaid card market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to existence of robust financial infrastructure, rising popularity of online shopping, and existence of favorable government regulations towards adoption of prepaid card in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.