The global commercial or corporate cards market is estimated to be valued at US$ 26.3 billion in 2017 and is expected to exhibit a CAGR of 7.3% over the forecast period of 2018-2026, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:
Commercial or corporate cards are payment cards issued by various financial institutions to corporate or business entities. These cards offer numerous advantages such as expense tracking, employee spending control, and improved cash flow management. With the increasing adoption of cashless payments globally, the demand for commercial or corporate cards is also witnessing significant growth. These cards provide businesses with a convenient and secure way to make payments, reducing the need for carrying cash or writing checks. Additionally, they offer rewards and cashback programs, further incentivizing their usage.

B) Market Key Trends:
One key trend in the global commercial or corporate cards market is the growing adoption of virtual cards. Virtual cards are digital payment solutions that eliminate the need for physical cards. They are generated for a single transaction or a limited time period, enhancing security and reducing the risk of fraud. Virtual cards are particularly beneficial for online purchases and travel bookings, as they can be easily generated and shared digitally. For example, AirPlus International Ltd. offers a virtual card solution specifically designed for travel expenses, allowing businesses to easily manage and track employee travel expenses.

C) PEST Analysis:
- Political: Governments worldwide are encouraging the adoption of cashless payments to reduce tax evasion and money laundering.
- Economic: With the rise of e-commerce and globalization, the need for secure and efficient payment methods has increased.
- Social: The convenience and flexibility offered by commercial or corporate cards cater to the changing lifestyles of consumers who prefer digital transactions.
- Technological: Advancements in payment technologies such as mobile wallets and contactless payments have contributed to the growth of the commercial or corporate cards market.

D) Key Takeaways:

1. The global Commercial Or Corporate Cards Market is expected to witness high growth, exhibiting a CAGR of 7.3% over the forecast period. This growth is driven by the increasing adoption of cashless payments, which offer convenience, security, and rewards for businesses.
2. In terms of regional analysis, North America is the fastest growing and dominating region in the global commercial or corporate cards market. This can be attributed to the strong presence of key players, well-established financial infrastructure, and the high adoption rate of advanced payment technologies in this region.
3. Key players operating in the global commercial or corporate cards market include AirPlus International Ltd., Amazon.com, Inc., American Express Company, Bank of America Corporation, Citigroup, Inc., JP Morgan Chase & Co. Inc., U.S. Bancorp, Wex Inc., Wells Fargo & Company, Corporate Spending Innovations Enterprises, Inc., NGC US, LLC, and Bank of China Limited.

In conclusion, the global commercial or corporate cards market is poised for significant growth due to the increasing adoption of cashless payments. The market is witnessing a key trend of virtual cards as businesses seek more secure and convenient payment solutions. With favorable political, economic, social, and technological factors, this market is expected to expand at a steady pace. North America emerges as a dominant region in terms of market growth, driven by key players and advanced payment technologies.