Plastic Cards Market: Surge in Digitization and Smartphone Users Invigorates Growth


Published on : Nov 28, 2018

Albany, New York, November 28, 2018: Going cashless and digital seem to be the center of attention which has proliferated the growth of plastic cards market. Further, the advent of e-payments has propelled the plastic cards market as consumers go digital. Nevertheless, banks and commercial sectors have realized the essentiality of the plastic cards and are offering various offers for online transactions. These assimilations are according to the report titled “Global Market Study on Plastic Cards: Technological Advancements and Move towards Digital World Driving Revenue Growth,” which has been recently added to the repository of Market Research Hub (MRH). The study does a comprehensive analysis on the plastic cards market.

The exponential augmentation of smart phones has brought plastic cards in vogue through the technological applications. Further, plastic cards market has been bolstered by the proactive involvement of government in digitization.

For the sake of transparency, use of plastic cards is a viable option vis-à-vis cash or coins. Its sheer attribution of curbing corruption and eradicating or lessening embezzlement of cash has fueled the market. Gift cards, as an alternative for buying gifts and presents, are widely used in North America as consumers can make purchases as per the requirement. Besides, debit card has received a major boost due to the financial initiatives undertaken by markets in APAC, Latin America and MEA.

Plastic Cards Market: Report Content

The report provides a coherent analysis on the basis of plastic cards market. Further, the report delves into drivers for the plastic cards market, restraints, opportunities and trends of the market. Precisely, the report covers a thorough analysis of all factors of the value chain in the plastic cards market.

The report has been segmented on the basis of technology, application and region. With regards to technology, the report has been segmented into chip enabled cards, barcode cards, regular cards, magnetic stripe cards, smart cards and others. With respect to application, the market is segmented into credit cards, debit cards, charge cards, prepaid cards, driving license and others. Regionally, the market covers North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The final section of the report covers a thorough competitive landscape.

The report starts with the executive summary containing the major takeaways followed by definition of plastic cards and the market taxonomy. Further, the report also covers macro-economic aspects and opportunity analysis along with global economic perspective.

Plastic Cards Market: Research Methodology

An exhaustive research methodology has been embraced with regards to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts. One of the unique features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market.

The secondary research incorporates company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To provide the readers with authentic report, a panel of expert analyzes the data collected from various sources.

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