Dublin, May 24, 2024 (GLOBE NEWSWIRE) -- The "Netherlands Prepaid Card and Digital Wallet Business and Investment Opportunities Databook - Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.
The prepaid card market in the Netherlands has witnessed a robust expansion with a compound annual growth rate (CAGR) of 6.4% during the period from 2019 to 2023. Projections indicate a continuation of this growth momentum, with an anticipated CAGR of 7.3% between 2024 and 2028, ostensibly elevating the market value to US$9.42 billion by the end of the forecast period. This reflects a significant surge from the US$6.53 billion recorded in 2023, denoting an increasingly receptive market for prepaid payment solutions.
The market's expansion is buttressed by comprehensive data-driven insights that illustrate consumer attitudes, retail spending behaviors, and prepaid payment instruments' penetration across various demographic segments. The insights, based on over 100 key performance indicators (KPIs) at a national scale, elucidate the nuances of consumer expenditure through prepaid cards and digital wallets, providing an in-depth understanding of market dynamics at play.
Digital Wallets and Prepaid Cards: A Sector in Focus
The study delves into the intricate structures of the digital wallet and prepaid card industry, emphasizing five critical spending categories, including retail, travel, entertainment and gaming, dining, and utility and bill payments. It distinguishes between open loop and closed loop prepaid cards, detailing vital KPIs like card circulation, transaction frequency, load value, and transaction value. Virtual prepaid cards also receive attention, with a comprehensive transaction value analysis conducted across a spectrum of prepaid card categories.
Payment Instrument Market Dynamics
In an industry marked by fierce competition, the analysis provides a granular market share breakdown by key players in the prepaid card market. It pinpoints consumer usage trends across diverse socio-economic groups, and systematically segments retail spend across several categories, yielding actionable insights that inform strategic decision-making for industry stakeholders.
Market Attractiveness and Future Prospects
As investment interests heighten, the documentation of the sector's attractiveness becomes imperative. The research offers trend analyses and forecasts, including load value, transaction value and volume trends, alongside average value per transaction and card numbers, to gauge the market's potential. Further, it underscores prepaid card spend in critical retail segments, thereby unfolding a comprehensive view of the potential areas for future investment and growth within the Netherlands prepaid and digital wallet landscape.
This thorough examination of the Netherlands' prepaid card and digital wallet sectors presents a promising outlook for future business opportunities and investment, amply supported by a depth of data and the anticipation of continued market growth.
For more information about this report visit https://www.researchandmarkets.com/r/jxpm7g
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
