Israel Cards & Payments Market Investigated by Timetric in New Report Published at MarketPublishers.com
18 Sep 2014 • by Natalie Aster
LONDON – From 2009 up to 2013, the cards payment instrument in Israel witnessed stable positive growth in terms of value and volume. Over 2009-2013, the national cards and payments sector recorded a 6.49% CAGR and grew from USD 61.7 billion (ILS 242.6 billion) to USD 86.2 billion (ILS 312 billion). Numerous factors spurred the growth of the sector during 2009-2013 including, among others, the country’s payment infrastructure modernization and also increase in per capita income. Furthermore, the value of Israel’s cards and payments sector will likely grow at a 3.93% CAGR in the next 5 years, and by 2018 is predicted to reach USD 105.7 billion (ILS 383.2 billion).
Meantime, as for the number of cards in circulation in Israel, it registered growth at a 4.97% CAGR from 2009 to 2013, and grew from 7.4 million to 9 million. Moreover, it is anticipated to post a 2.99% CAGR in the years ahead, and in 2018 will likely climb to 10.5 million.
In 2013, the prepared cards sector called for the smallest share (6.8%) of the Israeli cards and payment market in terms of number of cards in circulation. The share of the prepared cards sector in Israel is poised to decline to 5.5% in 2018, mainly owing to lack of obtainability of prepared cards variants. However, the value of the prepared cards sector recorded the highest CAGR during 2009-2013.
New cutting-edge research report “Israel's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” worked out by Timetric gives access to a whole set of updated information illustrating the performance of cards and payments industry in Israel from 2009 to 2013. Besides, it touches upon the key trends in the national market and also defines the major market growth prospects.
The cutting-edge study evaluates the attractiveness of the Israeli cards and payments market, describes the competitive scenario, determines the promising growth areas. It sheds light on the most important industry related issues, scrutinizes the key market growth drivers and resistors, examines the top threats and opportunities, features the regulative framework, offers a detailed analysis of the Israeli consumers’ attitudes and preferences.
Israel's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Published: September, 2014
Price: US$ 3,995.00
More new research reports by the publisher can be found at Timetric page.