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United States Commercial Credit Cards Market Forecast, 2016-2022: Market is Set to Grow at a Healthy Pace - ResearchAndMarkets.com

[November 20, 2018]

United States Commercial Credit Cards Market Forecast, 2016-2022: Market is Set to Grow at a Healthy Pace - ResearchAndMarkets.com

The "U.S. Commercial Credit Cards Market Forecast, 2016-2022: Growing at a Healthy Pace" report has been added to ResearchAndMarkets.com's offering.

This research report examines the state of the U.S. commercial card market, including market size, changing dynamics, emerging trends, and continued growth channels. This new report examines factors driving the growth, along with opportunities to gain greater share of business-to-business (B2B) spending.

U.S.-based spending on commercial cards remains on an upward trajectory across both traditional and virtual card account product solutions. The growth in usage of commercial cards over time has been associated with several interrelated factors. These factors include macro trends such as corporate travel budgets and general business activity as measured by GDP, along with more focused developments around technology innovation and the pace of corporate adoption. During 2017 and continuing into 2018 and coming years, all the factors have been converging in a positive direction, which results in healthy commercial card growth trends.

The U.S. market for commercial credit cards in the mid-to-large corporate market space continues to grow at a healthy pace. The growth in usage of commercial cards is associated with several interrelated factors. Certainly questions remain around broader adoption of cards as a primary payables tool, but generally all the factors are converging in a positive direction.

Factors contributing to results include macro treds such as corporate travel budgets and general business activity (GDP), along with more focused developments around technology innovation and the pace of corporate adoption, commented the author of the report. Increased business activity leads to more domestic and international travel, an increased demand for goods and services, while simultaneous technology innovations create a more digital payment environment. During 2017 and continuing into 2018 and coming years, factors are converging into positive tailwinds, which results in healthy commercial card growth trends.

Report Highlights

An overview of shifting technology capabilities and how payments services providers are adapting to these changes
A detailed discussion of the changing patterns in B2B payments and how the industry can capture greater share
Case summaries describing both innovation to remove friction from the traditional supplier conversion challenges and a solution designed to create a better corporate client travel spend experience
Chart and text presenting a forecast for U.S. commercial credit card spend by product type through the year 2022
Sensitivity analysis for card spend along with estimated network share
Strategic considerations around emerging technology and new payments systems

Key Topics Covered:

Executive Summary

Introduction

Broadening Cards Utility

Digital Cash Cycle Perception

Spend Shift Destination

Easing the Friction

US Market Spend Numbers

Commercial Credit Card Growth and Distribution

Spend Range Sensitivity

The Branded Networks

Trends and Other Strategic Considerations