Prepaid Market Forecasts 2006-2009
- Date:December 12, 2006
- Mercator Research
- Research Topic(s):
- PAID CONTENT
Prepaid Market Forecasts 2006-2009
(34 Open and Closed Prepaid Markets)
NEW RESEARCH REPORT BY MERCATOR ADVISORY GROUP
Using data derived from the 2004-2006 prepaid market benchmarks that investigated both the Open and Closed prepaid markets, Mercator has developed a detailed forecast for both Open and Closed segments, with specifics on the growth and estimated load volumes in each of 34 prepaid segments.
The report delivers significant data that addresses the comparative growth rates of different segments and the forecasted future growth based on Mercator's exclusive insights and analysis of these segments.
The report and underlying analysis (available to our members in a spreadsheet format) also delivers a comparison of Open spending versus Closed spending for all relevant prepaid market segments - information critical to anyone planning a prepaid strategy since it identifies markets where Open Cards are gaining market share over Closed Solutions, where Closed Solutions remain dominant, and where the markets are expanding to embrace both solutions.
"While the recently released Third Annual Market Performance: Spend, Growth and Opportunity delivers current market performance data and delves into total market size for each of the 34 segments, the Prepaid Market Forecast report addresses market penetration over the coming four years. The insights available from this analysis (and underlying data) shed light on the changing mix of Open versus Closed solutions as well as the practical expectations emerging from the Prepaid hype. This report shows the categories for growth and enables the reader to see the full scope of prepaid product growth moving forward," comments Tim Sloane, Director for Mercator Advisory Group's Debit Advisory Service.
Highlighted findings from this report are:
The total spend on all prepaid products, both open and closed, in 2005 was $165.02 Billion. This report indicates that the prepaid market will top $236 Billion by 2009 reflecting a Compound Annual Growth Rate (CAGR) of 9.37%
The Closed Prepaid Market will reach $192.3 Billion by 2009 reflecting a CAGR of just over 6.25%
The Open Prepaid Market will grow at a CAGR of more than 32% achieving a total spend in 2009 of more than $43.8 Billion -- less than 1/4 the size of the Closed Prepaid Market in the same timeframe.
The fastest growing markets include all of the Gift Card markets, Employer and Consumer Incentives, Open Campus and State Unemployment solutions.
Mercator Advisory Group forecasts typically underestimate growth (conservative approach). This year selected Closed prepaid markets were found to be slightly over estimated. The methodology used in this report has been modified to address this issue. The market causes for the shift in growth rates is identified.
Also included in this report is a total spend for each category in one consolidated table. This enables readers to extract growth rates for each sector and for the total market from Open and Closed systems.
One of the 36 Exhibits included in this report
The report contains 26 pages and 36 Exhibits.
Members of Mercator Advisory Group have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits. Please visit us online at www.mercatoradvisorygroup.com.
For more information call Mercator Advisory Group's main line: 781-419-1700 or send email to email@example.com.
Interested In This Report
The Post-COVID-19 Path for Prepaid Government Payments
The use of prepaid cards surged during the pandemic. Although the pandemic-related subsidies are disappearing, this Javelin Strategy & Research impact note demonstrates how new opp...
Expanding The Use of Prepaid for Underserved Communities
Prepaid cards continue to emerge as effective tools to address the financial needs of underbanked communities and cater to the particular requirements of developing underserved com...
Return to Office Doesn’t Equal Return to Patterns in Prepaid Transit
Return-to-office mandates and hybrid work scenarios have created new patterns for commuters throughout the United States. This may change payment patterns from exclusively prepaid ...