London, UK (PRWEB) December 06, 2012
Favourable economic conditions in the country, rising popularity of e-commerce, increasing incomes and enhancing demand for contactless payment systems contributed a lot to the growth of the cards and payments market in Japan. The industry grew at a CARG of nearly 3.8% in 2008-2012. In 2012, the number of cards across the country exceeded 970 million, while the market was estimated at more than USD 710 billion. Nevertheless, local consumers still tend to use cash rather than cards when making purchases.
The prepaid cards segment is considered to be the key driver of the Japan’s cards and payments market. The segment grew at a CARG of over 15% in volume terms from 2008 through 2012. The number of prepaid cards was estimated at more than 198 million in 2012. At the same time, the debit cards segment has witnessed the lowest CARG (0.35%) in 2008-2012.
New research report “Emerging Opportunities in Japan’s Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape” worked out by Timetric has been recently published by Market Publishers Ltd.
Title: Emerging Opportunities in Japan’s Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape
Published: November, 2012
Price: US$ 4,495.00
The report offers a comprehensive guide to the Japan’s cards and payments market. The research study characterizes current market situation and estimates its attractiveness. Industry drivers are analyzed and consumer behavior trends are identified in the report. The market research delves into the competitive environment, evaluates market shares and provides information on performance of the leading companies. Moreover, thorough examination of the market segments is at hand in the report. The research study outlines the possible development trends for the Japanese cards and payments market up to 2017.
Reasons to buy:
- The report provides deep knowledge of the cards and payments system in Japan.
- All-round analysis of the market will assist in taking decisions essential for staying competitive on the market
- Detailed examination of the competitive landscape and future outlook for the market found in the study will allow your management team to elaborate market strategies foredoomed to success.
More new market research reports by the publisher can be found at Timetric page.