Colombia Gift Card And Incentive Card Market 2021 Insights and Business Scenario- Falabella SACI, Cencosud SA, PriceSmart Inc, Inditex

Global Colombia Gift Card And Incentive Card Market 2021 provides pin-point analysis for changing competitive dynamics and a forward-looking perspective on different factors driving or restraining industry growth. The Colombia Gift Card And Incentive Card industry report provides necessary and auxiliary data which is represented in pie-charts, tables, systematic overview, and product diagrams. The Colombia Gift Card And Incentive Card Report also determine the market conditions including the product price, specification, research methodologies, financial and technical details which will help to expand the market operations. The Market research report provides the latest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability.

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Prominent Top Key Players: Falabella SACI, Cencosud SA, PriceSmart Inc, Inditex, Industria de Diseo Textil SA, Confecciones Leonisa SA

Market Overview:

Gift card market in 2020 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth. Though the gift card market was impacted due to COVID-19, the market is expected to bounce back in the coming quarters, especially in H1 2021.
Gift card industry in Colombia has done well to withstand the impact of economic slowdown along with negative business and consumer sentiment due to disruption caused by Covid-19 outbreak.
Historically, the gift card market in Colombia has recorded a steady growth with a CAGR of 11.2% during 2016-2020. According to PayNXT360s Q2 2021 Global Gift Card Survey, gift card industry in the country is expected to grow by 12.6% on annual basis to reach US$ 754.9 million in 2021.
Despite near-term challenges in 2021, medium to long term growth story of gift cards in Colombia remains strong. The gift card industry in Colombia is expected to grow steadily in H1 2021 and record a strong growth in H2 2021. The growth momentum is expected to continue to grow over the forecast period, recording a CAGR of 10.2% during 2021-2025. The gift card market in the country will increase from US$ 670.3 million in 2020 to reach US$ 1113.2 million by 2025.

Global Colombia Gift Card And Incentive Card Market Split By Product Type And Applications:

Gift Card Market Size by KPIs across Consumer Segments in Colombia
-Gross Load Value
-Transaction Value
-Unused Value
-Average Value Per Transaction
-Transaction Volume
-Average Value of Card Purchased
-Number of Cards

Gift Card Market Size by Consumer Segment in Colombia
-Retail Consumer
-Corporate Consumer (Small Scale, Mid-Tier, Large Enterprise)

Gift Card Market Size by Retail Consumer in Colombia
By Functional Attribute
By Occasion
1. Festivals & Special Celebration Days
2. Milestone Celebration
3. Self-Use
4. Other

Regional Analysis For Colombia Gift Card And Incentive Card Market:

For comprehensive understanding of market dynamics, the global Colombia Gift Card And Incentive Card Materials market is analyzed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Essential Elements form the Table of Content of Global Colombia Gift Card And Incentive Card Market:

– Global Colombia Gift Card And Incentive Card Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

– Global Colombia Gift Card And Incentive Card Market competition by Manufacturers (2021-2026)

– Production and Consumption by Regions

– Complete profiling and analysis of Manufacturers (2021-2026)

– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses

– Industrial Chain, Sourcing Strategy and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Global Colombia Gift Card And Incentive Card Market Effect Factors Analysis (2021-2026)

– Global Colombia Gift Card And Incentive Card Market Forecast (2021-2026)

– Global Colombia Gift Card And Incentive Card Market Research Findings and Conclusion

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors                              

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