Investment Opportunity: Italy Gift Cards Market Growing Rapidly after COVID-19 Outbreak | Revenue Share, Size and Business Development Strategies by Amagroup S.r.l., Amazon.Com.Inc., Amilon Srl, Argentea S.r.l., Epipoli S.p.a., First Data Corporation, Ing

According to a new report published by Allied Market Research, the Italy gift cards market is projected to reach at $84,369 million by 2025, growing at a CAGR of 16.2% after COVID-19 outbreak. In 2019, the retail segment accounted for the maximum share in the Italy gift cards market.

Major Players in the Market:

The key players of Italy gift cards industry profiled in the report include 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).

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Gift card is an integrated payment solution developed to facilitate the transaction as an alternative to money at businesses or stores. This card establishes a medium that supports hassle-free and smooth purchasing procedure during various events, such as entertainment, retail purchases, dining, convenience shopping, and others. The growth of the Italy gift cards is driven by rise in demand for technologically advanced products, surge in application areas among end users, high adoption of smartphones, increase in need for cashless transactions, and development of the e-commerce & m-commerce industries.

The growth of the Italy gift cards market is driven by factors such as innovation in products, high adoption rate of smartphones, and development of the e-commerce & m-commerce industries. Moreover, increase in popularity of these cards while traveling abroad is expected to boost the market growth in the future. In addition, increased spending capacity of consumers and flexibility associated with the use of these cards boost the growth of the market.

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Key Benefits for Companies and Startups from Italy Gift Cards Market:

• This report provides an extensive analysis of the current trends, emerging estimations, and dynamics of the Italy gift cards market from 2018 to 2025.

• The key countries in all the majors regions are mapped based on their market shares.

• Porters five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier buyer network.

• A comprehensive analysis of factors that drive and restrict the growth of the Italy gift cards market is provided.

• An in-depth analysis of the Italy gift cards market helps to determine the prevailing market opportunities.

The retail dominated the Italian gift cards market, accounting for around 72.08% of the overall market revenue. The corporate institutions segment is expected to witness highest growth during the forecast period, owing to rise in demand for gift cards in the corporate institutions. This is attributed to the fact that business organizations offer incentives to employees in the form of gift cards to appreciate their contributions and achievements. Furthermore, gift cards can be used more than once, due to their partial redemption option, wherein the remaining balance can be carried over for future purchases.

Italy Gift CardsKey Market Segments:

By Functional Attribute

• Open Loop
• Closed Loop

By Industry Vertical

• Retail
• Corporate Institutions

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