Gift Cards Market is growing at a CAGR of 24.0% by 2023 | First Data Corporation, Qwikcilver Solutions , National Gift Card , Blackhawk Network Holdings, Plastek Card Solutions, Duracard

Gift card is a stored value card that is utilized as an alternative for money at a particular store or business for purchases related to goods or services. Gift cards are also known as gift certificate, gift voucher, gift token, and others, which are generally issued by a retailer or bank as a developmental strategy used for promoting a particular function. These cards can be used at a selected outlet or group outlets depending on the issuing authority. Gift cards are an improved version of paper gift certificates earlier used for transaction purposes. The global gift cards market was valued at $679,743 million in 2016, and is projected to reach $3,003,320 million by 2023, growing at a CAGR of 24.0% from 2017 to 2023.

The gift cards market is expected to experience significant growth during the forecast period, owing to technological innovation in product offerings, increase in application areas among end users, increased market for prepaid cards, rise in need for advanced promotional strategies, high adoption rate of smartphones, growth associated with e-commerce and m-commerce industry, increased spending capacity of consumers, and flexibility associated with ease of use feature drive the global gift cards market. Moreover, increase in popularity of these cards during traveling abroad are expected to boost the gift cards market growth in the future. However, diverse types of fees associated with card transaction and dearth of security measures as compared to credit or debit cards are major restraints that hinder the growth of the market.

Top Companies Covered in this Report:
First Data Corporation, Qwikcilver Solutions , National Gift Card , Blackhawk Network Holdings, Plastek Card Solutions, Duracard, DOCUMAX , Vantiv, TenderCard, TransGate Solutions, and others.

Get sample copy of Report: www.reportsweb.com/inquiry&RW00012659318/sample

The global gift cards market is segmented based on functional attribute, industry vertical, and region. Based on functional attribute, it is bifurcated into open loop and closed loop. Based on industry vertical, it is divided into retail and corporate institutions. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major Types of Gift Cards covered are:
Open Loop
Closed Loop

Major Applications of Gift Cards covered are:
Retail
Corporate institutions

This report provides an overview of the trends, structure, drivers, challenges, and opportunities in the global gift cards market. Porter’s Five Forces analysis highlights the potential of buyers & suppliers, and provides insights on the competitive structure of the market to determine the investment pockets. Current and future trends adopted by the key market players are highlighted to determine overall competitiveness. The quantitative analysis of the gift cards market growth from 2017 to 2023 is provided to elaborate the market potential.

Have any query? Enquire about report at: www.reportsweb.com/inquiry&RW00012659318/buying

Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Gift Cards Market Size
2.2 Gift Cards Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Gift Cards Market Size by Manufacturers
3.2 Gift Cards Key Players Head office and Area Served
3.3 Key Players Gift Cards Product/Solution/Service
3.4 Date of Enter into Gift Cards Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Gift Cards Sales by Product
4.2 Global Gift Cards Revenue by Product
4.3 Gift Cards Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Gift Cards Breakdown Data by End User

Get Complete Report at: www.reportsweb.com/buy&RW00012659318/buy/5540

In the last section of the report, the global Gift Cards market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Gift Cards Market.

Contact us:
Phone : +1-646-491-9876
E-Mail : sales@reportsweb.com

About us:

ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

This release was published on openPR.