“Global Commercial Payment Cards Market, by Card Type (Purchase Card, Business Card, Travel and Entertainment Card, Other Cards), By Application (Small Business Card, Large Business Card), as well as by Region – Global Forecast 2021 to 2028.”, which offers a comprehensive view of the global commercial payment cards market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over USD $5,803.7 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Commercial payment cards are credit cards issued by an employer, for their employees to make purchases on behalf of their company. Frequently issued as co-branded cards with retailers, commercial cards help businesses manage their expenses by collecting all charges made by their employees into a single location.
Steady growth being experienced by various end-use industries such as the construction & building sector on account of booming population figures across the world is a major factor that is anticipated to fuel the revenue growth of the global color coated steel roll market over the next decade. Moreover, the development of numerous ‘smart’ cities across the world to cater to respective populations in various countries, more specifically among emerging economies, is a factor that is also slated to positively contribute towards additional opportunities for market growth. Furthermore, steel rolls are increasing being utilized by the automotive industry due to the steady increase in the demand for vehicles and other related components, as well as the growing demand for these rolls by the oil & gas sector for the purposes of pipe manufacturing are also other primary factors that are slated to have an immense impact on the revenue growth of the global color coated steel roll market in the years to come. In addition to this, the gradual increase in the disposable incomes of individuals across the world is allowing them to improve their respective spending capabilities, thereby further augmenting more opportunities for market growth.
These aforementioned factors are some of the most crucial elements that are anticipated to play a critical role in edging the projected revenue of the global commercial payment cards market to USD $7,353.4 Mn by 2028, at a CAGR of 8.3%.
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