Press release
Gift Cards Market is expected to witness a 11.5% CAGR between 2020-2028 | Global Industry Size, Share, Growth, Key Companies Trends & Forecast
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A gift card is known as a value card that is utilized as an alternate source of money for buying products and services at any particular retail or online store. It is also known as a gift voucher, gift certificate, gift token, and others. These gift vouchers are generally issued by a retailer or bank as a promotional strategy to attract a new customer base, increase brand awareness, and increase sales. The rising use of e-commerce, digital payment system facilitates consumers to manage, track, and redeem these gifts or voucher cards. However, numerous types of fees associated with card transactions and lack of security measures for online transactions are some of the market restraining factors affecting the market in the forecast period. Apart from this, the rapid rise in demand for Gift cards from emerging economies is projected to offer a lucrative opportunity for market growth in the forecast timeline from 2020 to 2028.
The primary key players in the Gift Cards Market include Amazon.com, Inc., Walmart, Inc, American Express, Blackhawk Network Holdings, Inc., First Data Corporation, Fiserv, Inc., Givex Corporation, InComm Inc., NGC US, LLC, Qwikcilver Solutions Pvt Ltd., and Paytronix Systems, Inc.
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The Global Gift Cards Market Has Been Segmented into:
By Card Type
• Open-loop gift card
• Closed loop gift card
By Distribution Channel Type
• Online retail
• Supermarkets and hypermarkets
• Corporates
• BFSI
• Restaurant and hotels
• Specialty stores
• Others (airports, colleges, and many more)
By Offers Type
• Hospitality
• App subscriptions
• Entertainment
• Online shopping
• Discount shopping
• Others
By Geography Type
• North America
• Europe
• Asia Pacific
• Latin America,
• Middle East & Africa
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Name: Abhigyan Sengupta
(Global Sales Manager)
Ph.: +1-414-240-5010 (U.S.)
Email: sales@sheeranalyticsandinsights.com
Website: https://www.sheeranalyticsandinsights.com/
About Us:
Sheer Analytics and Insights as the firm is created to balance client requirements without compromising the core values of Market research in –terms of quality, factual correctness, market awareness, and analysis. SAI goes back to the root of Market Research in terms of TAM (Total Available Market) and PAM (Potential Available Market) and assess the same quantifying all Push and Pull factors.
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