Press release
Digital Gift Card Market Size to Expand at a CAGR of 15.8% during 2022-2027
Digital Gift Card Market Size to Expand at a CAGR of 15.8% during 2022-2027
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
What is Digital gift cards
Digital gift cards, also known as vouchers, e-gift cards, and gift certificates, refer to the electronic versions of regular gift cards that are usually issued by retailers. These cards function by using gift codes provided by retailers and can be delivered via mobile-based apps or e-mails.
Digital gift cards are extensively adopted as a part of development strategies for promoting businesses, reducing fraud activities, increasing brand awareness, attracting new customers, etc. Owing to this, these cards are widely used across diverse sectors, including hospitality, food and beverages, retail, consumer electronics, etc.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Get free sample of the report: https://www.imarcgroup.com/digital-gift-card-market/requestsample
Digital Gift Card Market Trends and Drivers:
Rapid digitalization across the world, along with the increasing penetration of the internet and smart devices, is primarily driving the market for digital gift cards. Furthermore, the expanding e-commerce sector has resulted in the increased adoption of e-gift vouchers for offering unique & attractive product offerings. Additionally, the elevating consumer living standards, rising disposable income levels, and hectic work schedules are bolstering the need for convenient and easy gifting methods.
Moreover, the growing popularity of corporate gifting cultures during special occasions, such as festivals, birthdays, incentives, etc., is further catalyzing the demand for e-gift cards. Apart from this, the emergence of customized e-gift cards with attached personal videos and videos, scheduled delivery, personalized gift preferences, etc., is further augmenting the market growth.
Ask Analyst for 10% free customized report: https://www.imarcgroup.com/digital-gift-card-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Amazon.com Inc.,
American Express Company,
Apple Inc.,
Blackhawk Network Holdings Inc.,
First Data Corporation,
Fiserv Inc.,
Givex Corporation,
InComm Inc.,
Paytronix Systems, Inc.,
Qwikcilver Solutions Pvt Ltd (Pine Labs).
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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