Product ID: SQMIG40G2004
Global Credit Card Market Size, Share, Growth Analysis, By Card Type(General Purpose Credit Cards, Specialty), By Application(Food & Groceries, Health & Pharmacy), By Provider(Visa, Master cards) - Industry Forecast 2024-2031
Report ID:
SQMIG40G2004 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
94 |
Figures:
76
Global Credit Card Market Dynamics
Credit Card Market Drivers
Rising demand for credit cards arising from developing economies is expected to drive market growth
- The growing use of digital payment methods by the working populations in developing nations like India, Hong Kong, and others is what is driving the expansion of the credit card payments business. Also, a number of nations are concentrating on boosting the use of digital payments for their end users to stop the corona virus's transmission, which is fueling the market growth.
Credit Card Market Restraints
Credit card data breaching may hinder market growth
- Hackers and identity thieves also access private information via dishonest means. They might gain access to a person's physical credit card in small-scale data breaches and use it to make purchases. As an alternative, they might deploy a credit card skimmer, a piece of hardware that records credit card data when users swipe their cards at a machine.
- The implementation of unethical methods like phishing, SQL injections (the placement of malicious code on a web app), or fraudulent online applications or text messages by criminals to gain credit card information results in widespread credit card breaches. These strategies enable criminal’s access to the websites or applications of their targets, giving them the possibility of simultaneously accessing a large amount of information.
Global Credit Card Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
