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Virtual Cards Market Report to 2028, Featuring Apple, Bank of China, Barclaycard, Capital One, Discover, Flutterwave, Klarna, Lithic, Monese, Monzo, Nubank, Rakuten Card, Revolut Starling and StripeDUBLIN, March 29, 2024 /PRNewswire/ -- The "Virtual Cards Market: 2023-2028" report has been added to ResearchAndMarkets.com's offering. Over the forecast period the total volume of virtual card transactions will reach 175 billion by 2028, rising from 36 billion in 2023. Growing by a significant 388%, the market will be accelerated by the adoption of API virtual card issuing platforms. The report identifies easy-to-use API (Application Programming Interface) platforms, that allow businesses to establish a virtual card programme that they can deploy easily and scale alongside their needs, as a key development driving virtual card growth. Another key success factor identified by the research was the readiness of a virtual card platform to easily integrate within an organisation's own software and established infrastructure. For example, procurement-focused virtual cards need to integrate with accounts payable software in order to automate renewals, log payments and generate digital receipts. Virtual card vendors must therefore integrate with a wide range of third-party software systems across key verticals of interest, in order to maximise their success. The new Virtual Cards report provides an in-depth analysis and evaluation of how virtual cards are gaining traction as a digital payment. It includes an extensive segment analysis that assesses how virtual cards are becoming specialised into industry-specific payment solutions, which help businesses effectively manage spending limits with an additional layer of security across 10 sectors. It also delivers critical insights on opportunities across the virtual cards market landscape and future prospects for leading vendors in the space. It reveals an evaluation of the development of virtual cards across 60 different key countries of interest and access their readiness for widespread adoption of virtual cards. The study also contains the Competitor Leaderboard; positioning 20 key virtual card vendors based on their solutions and capabilities. The research delivers incisive analysis of the virtual cards market landscape; analysing the future of virtual cards alongside the regulatory framework across 6 key regions, as well as key challenges faced by the market. Furthermore, the research includes a segment analysis on 10 key industries within which virtual cards have managed to position themselves successfully. These comprise AP (Accounts Payable) & Expenses, Banking & Finance, Travel, B2C, Healthcare, Fleet, Marketing, Government, Education and Energy & Utilities. Finally, the report also features a comprehensive forecast suite; encompassing the virtual crds market growth across two key segments which are further segmented:
Key Market Statistics
Key Report Features
The Competitor Leaderboard: Key player capability and capacity assessment for 20 virtual card vendors, via the The Competitor Leaderboard, featuring the following technology companies:
Key Questions Answered
For more information about this report visit https://www.researchandmarkets.com/r/wiieiv About ResearchAndMarkets.com Media Contact: Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets |