May 08, 2020 Xherald -- Lending And Payments Global Market Report 2020-30: Covid 19 Impact and Recovery
NFC-based mobile payments are increasing rapidly and offer strong growth potential in both developed and developing countries. This growth is collectively driven by increasing competition between payment card issuers, mobile operators and smartphone manufacturers such as Apple and Samsung. Improving contactless payments infrastructure and security features such as host card emulation (HCE) also drove the growth of NFC-based mobile payments.
The global lending and payments market is expected to decline from $7597.3 billion in 2019 to $7473.6 billion in 2020 at a compound annual growth rate (CAGR) of -1.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $8838 billion in 2023.
Top Leading Companies mentioned are
Industrial and Commercial Bank of China; Agricultural Bank of China; Bank of China; JP Morgan; Wells Fargo
Western Europe was the largest region in the global lending and payments market, accounting for 34% of the market in 2019. Asia Pacific was the second largest region accounting for 27% of the global lending and payments market. Africa was the smallest region in the global lending and payments market.
Ask for a detailed report sample :
This report provides a detailed analysis of the Lending And Payments market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
By Product Type: Lending; Cards & Payments
By End User : B2B; B2C
Essential points covered in Global Lending And Payments Market2020 Research are:-
What will the market size and the growth rate be in 2020?
What are the key factors driving the global Lending And Payments market?
What are the key markets trends impacting the growth of the global Lending And Payments market?
What are the challenges to market growth?
Who are the key vendors in the global Lending And Payments market?
What are the market opportunities and threats faced by the vendors in the global Lending And Payments market?
What are the key outcomes of the five forces analysis of the global Lending And Payments market?
This independent 300 pages report guarantees you will remain better informed than your competition. With over figures examining the Lending And Payments market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2020 .
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Lending And Payments in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.