The Allied Market Research has published a comprehensive report on the global gift cards market. The report provides a thorough analysis of the current market scenario, including an evaluation of the potential revenue and key dynamics. Additionally, the report provides a complete assessment of the opposition, the latest trends, and a forecast for the upcoming market and examine investments and identify trading opportunities for the boom of the market. As per the report, the global gift card industry was estimated at $835.2 billion in 2022, and is predicted to grow to $4.2 trillion by 2032, with a CAGR of 17.7% between 2023 and 2032.
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To provide accurate insights, the report utilizes extensive research and analysis based on various inputs such as reliable statistics, industry participants, and regional intelligence. In-house industry experts play a vital role in designing customized analytic tools and models for specific industry segments. These advanced tools and models promote data accuracy, enhancing the quality of recommendations and advice.
The Gift Cards market is examined across four key regions: North America, Europe, Asia-Pacific, and LAMEA. North America analysis includes the U.S. and Canada. In Europe, the market trends in the UK, Germany, France, Italy, Spain, Netherlands, and the rest of Europe are explored. Asia-Pacific covers China, India, Japan, Australia, Singapore, and the rest of the region. LAMEA includes Latin America, Middle East, and Africa.
Competitive Landscape:
The reports provide an overview of the key players in the global gift cards market, including Paytronix Systems, Inc., American Express Company, Fiserv, Inc., Walmart Inc., PayPal, Inc., InComm Payments LLC, Givex Corporation, Qwikcilver Solutions Pvt Ltd., Blackhawk Network, and Amazon.com Inc. Furthermore, the report showcases their tactical progress, including product launches, mergers, collaborations, partnerships, R&D, and investments, as well as the regional and global growth of major players in the industry.
The Global Gift Card Market Definition:
Gift cards or stored value cards are a type of electronic bank debit card that has a specific amount of value loaded within them. They can be used for a wide range of purposes, including gifting and buying things. Most consumers, including the rising generations, have a robust importance in gift cards. This is because they are easy to use, and people are more and more turning to smartphone payment technologies to purchase goods and services. The increasing trend of online gifting and the growing demand from younger generations are driving market growth.
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The Global Gift Cards Market Segmentation:
Gift Cards Market, By Card Type:
- Open-loop Card
- Closed-loop Card
Gift Cards Market, By End User:
- Corporate Institutions
- Retail Establishment
Key Benefits for Stakeholders:
- The report published by AMR provides an in-depth analysis of the global gift cards market, that offers essential information related to key drivers, restraints, and growth opportunities.
- The comprehensive study in the report offers all the key trends and future estimations to understand the future investment pockets.
- The market size and evaluations are based on an extensive analysis of key developments in the industry.
- The report offers detailed information on business strategies adopted by the key market players of the global gift cards market.
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Important Questions Answered in the Report:
- What are the key factors driving the growth of the global gift cards market?
- Which region held the largest share in the global gift cards market?
- What are the advantages of selling gift cards?
- Who are the leading players in the global gift cards market?
- What is the CAGR of the market during the forecast timeframe?
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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