Forecast: Number of Cards with a Payment Function in Italy

The number of cards with a payment function in Italy has shown a varied trend over the past decade. The value stood at 119.07 million units in 2023. After moderate growth from 2013 to 2019, the market experienced a notable decline in 2020 due to external factors. A strong recovery occurred in 2021 with a record 28.42% increase, though the trend slightly reversed in 2022 with a 3.37% decline. Recent data indicates a 1.41% increase in 2023.

Looking ahead, a modest compound annual growth rate (CAGR) of 1.09% is forecasted for the next five years, indicating steady but slow growth expected through 2028. Key growth indicators suggest a cumulative increase of 5.57% over this period.

Future trends to watch include the impact of evolving digital payment technologies, shifts in consumer preferences, and regulatory changes that may either stimulate or restrict growth in the number of cards in circulation.