Global Instant Issuance Software Market Overview:
Instant issuance allows current and current clients to step into a branch and collect a completely functional, active payment card within seconds. This provides ways for banks to raise activation rates and interchange sales. Financial institutions will benefit from an early return on their investment if the card is used as quickly as possible. Through providing a customizable payment card in the branch or point of sale at the time of onboarding a new customer, instant issuance increases the card issuance process for issuers and facilitates rapid card use. Instant Issuance Software helps banking and financial institutions to achieve that. Generally, a wide range of cards is supported by Instant Issuance Software. They allow for instant generation of card ID, reporting and administration, and a variety of other features.
As per latest study released by AMA Research, the Global Instant Issuance Software market is expected to see growth rate of 14.5%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Easy-To-Use Interface and Introduction of APIs For Instant Issuance
Market Growth Drivers:
Increasing Demand of Instant Issuance Software to Issue Cards Instantly and Growing Demand of Instant Issuance Software for Report and Administration of Cards
Challenges:
Bugs and Glitches Remain One of The Challenges in Instant Issuance Software and Instant Issuance Software Has Maintenance Cost Associated with It
Restraints:
The reluctance of Medium and Small Financial Institution to Adopt Instant Issuance Software
Opportunities:
Growing Number of Fintech Start-Ups Will Increase the Demand of Instant Issuance Software and Increasing Use of AI Will Increase the Demand of Instant Issuance Software
Competitive Landscape:
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Some of the key players profiled in the report are Stripe (United States), Card@Once (United States), Marqeta (United States), Entrust (United States), Thales (France), FSS (India), HID Global (United States), IDEMIA (France), Matica (Germany) and Evolis (France). Considering Market by Deployment, the sub-segment i.e. Cloud will boost the Instant Issuance Software market. Considering Market by Features, the sub-segment i.e. PIN Solutions will boost the Instant Issuance Software market.
Latest Market Insights:
On 8th December 2020, IDEMIA expands its footprint in the Middle East with the acquisition of PCARD. Saudi Arabia has evolved rapidly in the last few years, attracting international players to collaborate with local experts to localize global technology in the Kingdom for their needs. The acquisition of PCARD is highlighting IDEMIA’s longstanding belief in the economy of Saudi Arabia and the huge potential for growth in electronic payments.
On April 23rd, 2020, Stripe Announced that Stripe Issuing API is open to all US businesses. IT allows businesses to create and control virtual and physical cards. According to Stripe - Now, any US business can instantly launch a commercial card program, right from their Dashboard, at no cost to get started. And Issuing comes packed with capabilities that ensure that any business—from a new start-up to a tech giant—can build flexible cards with their APIs.
What Can be Explored with the Instant Issuance Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Instant Issuance Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Instant Issuance Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Instant Issuance Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Instant Issuance Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Instant Issuance Software Providers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.