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At 16.2% CAGR, Italy Gift Cards Market Anticipated to Grow $84.37 Billion By 2025 | Top Impacting Factors and Business Statistics - 2027

04-09-2020 09:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Italy Gift Cards Market

Italy Gift Cards Market

According to a report published by Allied Market Research, titled, "Italy Gift Cards Market by Functional Attribute (Open Loop and Closed Loop) and Industry Vertical (Retail and Corporate Institutions): Opportunity Analysis and Industry Forecast, 2018-2025", the Italy gift cards market generated $25.76 billion in 2017, and is expected to reach $84.37 billion by 2025, registering a CAGR of 16.2% from 2018 to 2025. The report provides detailed analyses of the top winning strategies, market shares & projections, driving factors & opportunities, key segments, and competitive landscape.

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Technological innovation in products, high adoption rate of smartphones, and growth of e-commerce and m-commerce industries drive the growth of the Italy gift cards market. In addition, increased spending capacity of consumers and flexibility associated with usage of gift cards drive the market. However, fees associated with card transaction and dearth of security measures as seen in credit or debit cards hinder the growth of the market.

On the other hand, large number of promotion and loyalty programs associated with gift cards are anticipated to fuel the consumption rate of gift cards among smart phone users, especially online shoppers, which in turn is anticipated to provide lucrative opportunities to the gift cards market.

Closed Loop Segment to Maintain Lion's Share through 2025:
Among functional attributes, the closed loop segment had the largest share in 2017, accounting for 69% of the total market. The segment is expected to maintain its lion's share through 2025. This is because the process of redeeming credit points through closed loop gift cards assists in reinforcement learning process that eventually results in higher consumer retention rate, leading to more profits for businesses. However, the open loop segment would register the highest CAGR of 17.2% from 2018 to 2025 as open loop gift cards provide security, efficiency, and flexibility of electronic payments.

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Retail Segment to Dominate in terms of Revenue through Forecast Period:
Among industry verticals, retail segment held the largest share of 72% in 2017 and would maintain its lead through the study period. However, the corporate institutions segment would register the fastest CAGR of 17.1% from 2018 to 2025 due to the growing adoption of gift cards as a reward tool, as getting rewarded aids in creating a positive perception of the corporate institute and merchants that accept such cards.

Leading Market Players:
The leading market players analyzed in the report are Amagroup S.r.l., Amazon.Com.Inc, Amilon Srl, Argentea S.r.l., Epipoli S.p.a., First Data Corporation, Ingenico Group, Prepay Technologies Ltd., SVM Global, and Vantiv (Worldpay). These players have adopted different strategies such as collaborations, mergers & acquisitions, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

Download Sample Report (Get Full Insights in PDF - 89 Pages) @ https://www.alliedmarketresearch.com/request-sample/5095

Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Italy Gift Cards Market, By Functional Attribute
Chapter 5: Italy Gift Cards Market, By Industry Vertical
Chapter 6: Company Profile

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About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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