The Charge Card Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Charge Card Global Market Report 2024, The charge card market size has grown marginally in recent years. It will grow from $1.99 billion in 2023 to $2.02 billion in 2024 at a compound annual growth rate (CAGR) of 1.4%. The growth in the historic period can be attributed to emergence of electronic payments, convenience and security, travel and entertainment, rewards programs.
The charge card market size is expected to see marginally grown in the next few years. It will grow to $2.27 billion in 2028 at a compound annual growth rate (CAGR) of 3.0%. The growth in the forecast period can be attributed to digital payments, contactless payments, online shopping, security and fraud prevention. Major trends in the forecast period include digital transformation, contactless payments, sustainability and esg, business charge cards, travel charge cards.
The lack of a pre-set spending limit and greater flexibility in spending contributed to the growth of the charge card market. Charge cards offer financial flexibility with no pre-set spending limit on the purchase, which means more buying power. Additionally, charge cards offer premium rewards, maximize reward points based on spending patterns, and also offer a variety of travel and purchase protections. For instance, American Express offers complimentary airport lounge access, hotel room upgrades, travel insurance, and much more. Customers will be able to improve their credit score by using charge cards responsibly and paying on time every month. A charge card allows a customer to organize personal events, dining reservations, golf bookings, movie, and theatre ticket bookings, and enjoy exclusive rates and discounts with leading airlines. These factors boosted demand for charge card services, and this, in turn, drove the charge card market. However, having no pre-set spending limit does not mean unlimited spending. The purchasing power is adjusted based on the use of the card, payment history, credit record, financial resources, and other factors. This, in turn, will assist the customer in developing financial discipline the charge card market.
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The charge card market covered in this report is segmented –
1) By Type: Gold Card, Platinum Card, Plum Card, Business Gold Card, Business Platinum Card, Other Types
2) By Institution Type: Banking Institutions, Non-Banking Institutions
3) By End User: Retail, Corporate, Government/Public Sector
Major companies in the checkpoint inhibitor market are forming partnerships or collaborations for the development of advanced technologies such as bifunctional fusion proteins or Y-trap. Most patients with cancer do not respond to immune checkpoint inhibitors. To make immunotherapies more effective, a group of researchers has developed the bifunctional fusion protein or Y-trap. This drug is created by fusing a receptor for a protein called TGF-beta that targets checkpoint proteins such as PD-L1 or CTLA-4. Y- Trap targets both a checkpoint inhibitor and TGF-beta and gives a more effective way to block the immune suppression and destroys the cancer cells. Merck, a prominent science and technology group, and GSK, a research-based global healthcare company, have announced that they have entered into a global strategic partnership to jointly create and market M7824 (bintrafusp alfa). M7824 is an investigational bi-functional fusion protein immunotherapy that is currently in clinical research, including possible registration trials, for various difficult-to-treat cancers. This includes a Phase II study to investigate M7824 compared to pembrolizumab as a first-line treatment in patients with PD-L1 expressing advanced non-small cell lung cancer (NSCLC). In another instance, in June 2021, GSK plc, a UK-based pharmaceutical industry company, entered into a collaboration with ITeos Therapeutics, a US-based biotech company. With collaboration, both companies aim to accelerate the development and commercialization of EOS-448. Combine GSK's expertise in immuno-oncology with iTeos' expertise in TIGIT biology and share the risk and reward of developing and commercializing EOS-448.
The charge card market report table of contents includes:
- Executive Summary
- Charge Card Market Characteristics
- Charge Card Market Trends And Strategies
- Charge Card Market - Macro Economic Scenario
- Global Charge Card Market Size and Growth
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- Global Charge Card Market Competitive Benchmarking
- Global Charge Card Market Competitive Dashboard
- Key Mergers And Acquisitions In The Charge Card Market
- Charge Card Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- American Express
- Diners Club International
- Coutts and Co
- Chase Bank
- Citibank NA
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Some people assume they must not get a fuel card if they have a charge card.
Even if there may be resemblances, the business fuel cards is not a charge card and has its own use as well as benefits.See here: https://bulkfuelsaustralia.tumblr.com/post/637074727596359680/fuel-cards-or-debt-cards
Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports The Charge Card Global Market Report 2020-30 by The Business Research Company describes and explains the global charge card market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Charge Card Global Market Report 2021 covers charge card market drivers, charge card market trends, charge card market segments, charge card market growth rate, charge card market major players, and charge card market size.
View Complete Report:https://www.thebusinessresearchcompany.com/report/charge-card-global-market-report The charge card market report provides an in-depth analysis of the impact of COVID-19 on the global charge card industry, along with revised market numbers due to the effects of the coronavirus and the expected charge card market growth numbers 2021-2030.Charge Card Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=4001=smp The global charge card market is expected to grow from $1.92 billion in 2020 to $1.98 billion in 2021 at a compound annual growth rate (CAGR) of 3.1%.
The charge card market is expected to reach $2.05 billion in 2025 at a CAGR of 0.9%.The report covers the charge card market segments- 1) By Type: Gold Card, Platinum Card, Plum Card, Business Gold Card, Business Platinum Card, Others.2) By Institution Type: Banking Institutions, Non-Banking Institutions.About The Business Research Company: The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research.
