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DUBLIN--(BUSINESS WIRE)--Sep 21, 2022--
The "Virtual Cards Market Size, Share & Trend Analysis Report by Card Type (Credit Card, Debit Card), by Product Type (B2B Virtual Cards), by Application (Business Use, Consumer Use), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global virtual cards market size is expected to reach USD 60.06 billion by 2030, expanding at a CAGR of 20.7% from 2022 to 2030, according to this study conducted.
Companies Mentioned
The increasing usage of digital payment platforms is creating the demand for virtual cards worldwide, which is anticipated to drive the growth of the market. In addition, various types of virtual cards offer the consumer a particular set of benefits, such as efficiency and convenience, which also bodes well for the growth of the market.
Virtual cards are changing the financial landscape by introducing a new level of protection for everyone involved in the payment transaction. Hospitality is one industry that has endorsed the use of virtual cards. Moreover, virtual cards are creating the possibility of making payments more dynamic during the check-in and check-out process for the consumers.
The investments being raised by virtual card solution providers are expected to create new possibilities for the growth of the market during the projected period. For instance, in May 2022, MasterCard and fintech company OPay announced their collaboration, paving the way for access to financial services and economic prosperity by bringing digital commerce to thousands of people in the Middle East and Africa. With this collaboration, OPay consumers and merchants in this region will be able to engage with brands and businesses anywhere in the world.
The COVID-19 pandemic is expected to play a crucial role in driving the growth of the market during the forecast period. People are opting for contactless and digital payments due to the pandemic outbreak, thereby opening new opportunities for the growth of the market. Furthermore, these cards offer contactless payment solutions and are widely accepted at most of the payment gateways and mobile applications such as PayPal and Google Pay which is projected to drive the market growth post-pandemic.
Virtual Cards Market Report Highlights
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Virtual Cards Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Virtual Cards Market - Value Chain Analysis
3.4 Virtual Cards Market - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing demand for digital transactions
3.4.1.2 Rising demand for an additional layer of security
3.4.2 Market challenge analysis
3.4.2.1 Security issues associated with virtual cards payments
3.5 Penetration and Growth Prospect Mapping
3.6 Virtual Cards Market - Porter's Five Forces Analysis
3.7 Virtual Cards Market - PESTEL Analysis
Chapter 4 Investment Landscape
4.1 Investments Raised by Companies
4.2 Investment Strategies by Companies
4.3 Virtual Cards Investment Opportunities
4.4 Investors' Vision & Goal Analysis
Chapter 5 Virtual Cards Type Outlook
Chapter 6 Virtual Cards Product Type Outlook
Chapter 7 Virtual Cards Application Outlook
Chapter 8 Virtual Cards Regional Outlook
Chapter 9 Competitive Analysis
9.1 Recent Developments & Impact Analysis, By Key Market Participants
9.2 Company Categorization
9.3 Vendor Landscape
9.3.1 Key company market share analysis, 2021
9.4 Company Analysis Tools
9.4.1 Company market position analysis
9.4.2 Competitive dashboard analysis
Chapter 10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/qsxgpi
View source version on businesswire.com:https://www.businesswire.com/news/home/20220921005630/en/
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KEYWORD:
INDUSTRY KEYWORD: BANKING FINTECH PROFESSIONAL SERVICES FINANCE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/21/2022 08:03 AM/DISC: 09/21/2022 08:03 AM
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