Global Commercial Payment Cards Market Growth (Status and Outlook) 2023-2029

Global Commercial Payment Cards Market Growth (Status and Outlook) 2023-2029

Commercial payment card is a type of card developed by the payment card networks to serve the needs of businessmen working in a variety of industries and individual companies, to make their payment for business activities more convenient.

LPI (LP Information)' newest research report, the “Commercial Payment Cards Industry Forecast” looks at past sales and reviews total world Commercial Payment Cards sales in 2022, providing a comprehensive analysis by region and market sector of projected Commercial Payment Cards sales for 2023 through 2029. With Commercial Payment Cards sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Payment Cards industry.

This Insight Report provides a comprehensive analysis of the global Commercial Payment Cards landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Payment Cards portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Payment Cards market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Payment Cards and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Payment Cards.

The global Commercial Payment Cards market size is projected to grow from US$ 157500 million in 2022 to US$ 267900 million in 2029; it is expected to grow at a CAGR of 7.9% from 2023 to 2029.

Global Commercial Payment Cards key players include JPMorgan Chase, Bank of America, Wells Fargo & Company, U.S. Bancorp, Citigroup Inc., etc. Global top five manufacturers hold a share over 15%.

North America is the largest market, with a share about 45%, followed by China, and Europe, both have a share about 30 percent.

In terms of product, Credit Cards is the largest segment, with a share over 75%. And in terms of application, the largest application is B2B Payments, followed by Travel and Entertainment, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Payment Cards market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Commercial Credit Cards

Commercial Debit Cards

Others

Segmentation by application

Travel and Entertainment

B2B Payments

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

JPMorgan Chase

Bank of America

Wells Fargo & Company

U.S. Bancorp

Citigroup Inc.

Capital One

PNC

Comerica

Comdata

BMO Harris

American Express

China UnionPay

Discover Financial Services

JCB

Barclays

Airplus International

Please note: The report will take approximately 2 business days to prepare and deliver.