Global Master Card Market Size study, by Type by Application and Regional Forecasts 2021-2027
発行: Bizwit Research & Consulting LLP
List of figures
Global Master Card Market is valued approximately USD XXXX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XXXX % over the forecast period 2021-2027. Master Card is a global bank card payment transaction processor, and is the second largest payment network in global industry of payment Master card partners with member financial institutions all over the world to offer Mastercard-branded network payment cards. There is rise in card less and cashless payments which is accelerating the growth of the master card market. According to International Journal of Scientific & Technology Research, cashless transaction is one of the most important concepts, around 5 percent of fund transactions in India are driven by the of mobile wallets and electronic payment system. Various initiatives like master card is working in 33 countries across Africa with more than 245 partners and expanding the business. Also embracing contactless payments globally increases the use of master cards. Also, rise in the penetration of smartphones into consumer lifestyle is the major factor which will be boosting the market of master card in the forecasted period. However, there is absence of global standard for cross-board transactions and digital literacy in emerging countries are major factor for restraining the growth for master card for the forecasted period 2021-2027.
The key regions considered for the global Master Card market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific dominates the master card market in the forecasted period of 2021-2027. As the customers are inclined towards cashless and card less payments. Along with this, there is rise in research and development activities in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest CAGR over the forecast period 2021-2027. As there is increase in digitalization and growing population in the region which will boost the CAGR in the forecasted period.
Major market player included in this report are:
GMO Payment Gateway, Inc.
Alibaba Group Holding Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Pro/Self-Hosted Payment Gateways
Local Bank Integrates
Platform-Based Payment Gateway Solution
Micro and Small Enterprises
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Master Card Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers