What is Commercial Payment Cards?
Commercial payment cards are the debit or credit cards that are given by businesses to their employees so that the workers can buy supplies on their employer’s behalf. There are different types of commercial payment cards are present. These cards are frequently issued as co-branded cards with retailers, commercial cards help businesses manage their expenses by collecting all charges made by employees into a single place.
The market study is broken down by Type (Commercial Credit Cards, Commercial Debit Cards and Others), by Application (Travel & Entertainment, B2B Payments and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Commercial Payment Cards market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AirPlus International Ltd. (Germany), Amazon.com, Inc. (United States), American Express Company (United States), Bank of America Corporation (United States), Citigroup, Inc. (United States), JPMorgan Chase & Co. Inc. (United States), U.S. Bancorp (United States), Wex Inc. (United States), Wells Fargo & Company (United States) and Corporate Spending Innovations Enterprises, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Bank of China Limited (China) and NGC US, LLC (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Commercial Payment Cards market by Type, Application and Region.
On the basis of geography, the market of Commercial Payment Cards has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise, the sub-segment i.e. Small and Medium Size Enterprises will boost the Commercial Payment Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing business travel spending
- Rising trend of digitalization
- Higher Credit Limits of the Payment Cards
Opportunities
- Growing demand from emerging economies
- Favourable Rules and Regulations by the Providers
Restraints
- Miss Use of Commercial Payment Cards
Challenges
- Regulatory changes by the various governments
- Fluctuations in the world economy
Key Target Audience
Commercial Payment Cards Providers, Research Professionals, Emerging Companies, Government Body & Associations and End user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.