Central Card Issuance Solutions Market Report 2025

The central card issuance solutions market size has grown strongly in recent years. It will grow from $2.62 billion in 2024 to $2.87 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth during the historic period is mainly due to the increasing demand for secure banking cards, wider adoption of centralized card printing systems, greater use of credit and debit cards, expansion of government-led ID card programs, heightened need for efficient card personalization, and ongoing financial inclusion efforts.

The central card issuance solutions market size is expected to see strong growth in the next few years. It will grow to $4.03 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period is expected to be driven by expanding digital banking adoption, rising demand for contactless and EMV cards, increased need for instant and secure card issuance, greater outsourcing of card issuance services, and continued fintech innovations. Key trends during this time include advancements in chip and biometric card technologies, innovations in issuance automation and robotics, integration with cloud-based card management platforms, enhanced security features such as tokenization and encryption, AI-driven fraud prevention, and the development of eco-friendly card materials.

The increasing volume of card-based transactions is expected to drive the growth of the central card issuance solutions market in the coming years. Card-based transactions include payments made via debit, credit, and prepaid cards through physical terminals or digital platforms. The surge in these transactions is fueled by consumers’ growing preference for convenience, as they allow fast, contactless payments without the need for handling cash. Central card issuance solutions facilitate the secure production of personalized cards containing encoded account and security information, enabling quick activation and seamless use for payments, identity verification, and access control. For example, according to the European Central Bank in November 2023, card-based payments in the European Union rose by 13.5% in the latter half of 2022, totaling 35.8 billion transactions compared to the first half. Thus, the rise in card-based transactions is a key factor propelling the central card issuance solutions market.

Leading companies in the central card issuance solutions market are prioritizing the development of advanced products such as card printers to enhance card personalization quality and address the increasing demand for secure, high-volume issuance. Card printers are specialized equipment that print and personalize plastic cards such as ID, payment, access, and membership cards by encoding data and adding visual or security features such as images, text, barcodes, or magnetic stripes. These features ensure secure and efficient issuance across different applications. For instance, in September 2024, HID Global Corporation, a US-based identity solutions provider, introduced the FARGO HDP5000e, a next-generation retransfer card printer that delivers vibrant, high-definition cards and IDs with improved reliability, usability, and performance. This model offers faster card throughput, enhanced security measures including AES-256 encryption, and simplified maintenance to minimize downtime, making it ideal for universities, businesses, healthcare, and government agencies. It sets a new benchmark in daily retransfer card printing with sharp, vivid images and high printer dependability.

In May 2025, CPI Card Group, a US-based payment technology company, acquired Arroweye Solutions for $45.5 million. This acquisition aims to strengthen CPI Card Group’s on-demand card personalization and digital issuance capabilities, increasing flexibility and speed in card production. Arroweye Solutions, also based in the US, specializes in dynamic, just-in-time payment card production and fulfillment services.

Major players in the central card issuance solutions market are Thales Group, Fiserv Inc., Zebra Technologies, Worldline S.A, IDEMIA, Giesecke+Devrient GmbH, HID Global Corporation, Entrust Corporation, CPI Card Group, Paragon ID, Goldpac Group, Evolis, Tas Group, Matica Technologies Group SA, Watchdata, Atlantic Zeiser, Toppan Gravity Limited, HITI Digital, Wisecard Technology Co. Ltd., CardLogix Corporation.

North America was the largest region in the central card issuance solutions market in 2024. The regions covered in central card issuance solutions report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the central card issuance solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Central card issuance solutions are platforms created for the mass production and personalization of payment, identification (ID), or access cards from a single centralized location. These solutions oversee essential processes such as data encoding, card printing, and secure handling of information to ensure efficient high-volume output. They enable organizations to issue cards effectively while adhering to stringent standards of security, quality, and regulatory compliance.

The key components of central card issuance solutions include software, hardware, and services. Software encompasses digital platforms that handle data management, personalization, workflow automation, EMV-compliant security, real-time processing, and system integration. The cards produced include credit, debit, prepaid, gift, and corporate cards, featuring various technologies such as Europay, Mastercard, Visa, magnetic stripe, contactless or secure near field communication, and chip cards. These solutions find applications in residential, commercial, industrial, and agricultural sectors and serve diverse end-users such as banking, financial services, insurance (BFSI), government, retail, healthcare, and others.

The central card issuance solutions market research report is one of a series of new reports that provides central card issuance solutions market statistics, including the central card issuance solutions industry global market size, regional shares, competitors with the central card issuance solutions market share, detailed central card issuance solutions market segments, market trends, opportunities, and any further data you may need to thrive in the central card issuance solutions industry. This central card issuance solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The central card issuance solutions market consists of revenues earned by entities by providing services such as centralized card printing and personalization, data encryption and management, and card packaging and mailing. The market value includes the value of related goods sold by the service provider or included within the service offering. The central card issuance solutions market also includes sales of card printers, card embossers, laminators, and mailing systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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