Virtual Cards Market
Virtual Cards Market - Global Industry Assessment & Forecast
Segments Covered
- By Type B2B Virtual Cards, B2C Remote Payment Virtual Cards, B2C POS Virtual Cards
- By End-user Consumer Use, Business Use
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 252.83 Billion |
Revenue 2030: | USD 996.40 Billion |
Revenue CAGR (2023 - 2030): | 18.70% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Virtual Cards Market by Type by End-user by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Virtual Cards market.
FAQ
Frequently Asked Question
What is the global demand for Virtual Cards in terms of revenue?
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The global Virtual Cards valued at USD 252.83 Billion in 2022 and is expected to reach USD 996.40 Billion in 2030 growing at a CAGR of 18.70%.
Which are the prominent players in the market?
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The prominent players in the market are Abine Inc., American Express Company, Billtrust Inc., Cryptopay, CSI (Corporate Spending Innovations), Divipay Pty Ltd., Emburse LLC, Fraedom Holdings Limited, JP Morgan Chase, Marqeta Inc, Mastercard Incorporated, MineralTree Inc., Qonto Skrill, WEX Inc., Wirecard AG.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 18.70% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Virtual Cards include
- Increasing number of electronic transactions across the globe
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Virtual Cards in 2022.