Gift Cards Market Is Booming So Rapidly: American Express, First Data Corporation, Amazon.com

According to HTF Market Intelligence, the Global Gift Cards market to witness a CAGR of 10.2% during the forecast period (2023-2029). The Latest Released Gift Cards Market Research assesses the future growth potential of the Gift Cards market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Gift Cards market. The Gift Cards market size is estimated to increase by USD 109087 Million at a CAGR of 10.2% from 2023 to 2029. The report includes historic market data from 2017 to 2022E. Currently, the market value is pegged at USD 420541 Million.

The Major Players Covered in this Report: Givex Corporation (Canada), American Express (United States), Qwikcilver Solutions Pvt. Ltd. (India), Blackhawk Network Holdings, Inc. (United States), First Data Corporation (United States), National Gift Card Corp. (United States), Paytronix Systems, Inc. (United States), Amazon.com, Inc. (United States), InComm, Inc. (United States), Walmart (United States), Google Play (United States), Starbucks (United States)

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Definition:
Gift cards also known as a gift voucher or gift token is prepaid stored-value money cards issued by a retailer or bank to be used as an alternative to cash for purchases within a particular store or related businesses. The integrated payment solution is developed to facilitate the transaction at the store or business as an alternative to money. These cards are used during different events such as dining, retail purchase, entertainment, convenience shopping, and others.

Market Trends:
Technological Innovation in Product Offerings

Market Drivers:
Growing Demand for Gift Cards in the Corporate Sector across the Globe
Rise in Application Areas Among End Users
Rising Number of Occasions and Growing Popularity of the Gifting Culture
Growing Adoption of Smartphones

Market Opportunities:
Robust Technological and Product Development Attracting Number of Consumer
Blockchain Technology Enhancing Security Features

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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Gift Cards market segments by Types: Open Loop Gift Cards, Closed Loop Gift Cards
Detailed analysis of Gift Cards market segments by Applications: Restaurant, Department Store, Coffee Shop, Entertainment (Movie, Music), Other

Major Key Players of the Market: Givex Corporation (Canada), American Express (United States), Qwikcilver Solutions Pvt. Ltd. (India), Blackhawk Network Holdings, Inc. (United States), First Data Corporation (United States), National Gift Card Corp. (United States), Paytronix Systems, Inc. (United States), Amazon.com, Inc. (United States), InComm, Inc. (United States), Walmart (United States), Google Play (United States), Starbucks (United States)

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report:
• -To carefully analyse and forecast the size of the Gift Cards market by value and volume.
• -To estimate the market shares of major segments of the Gift Cards market.
• -To showcase the development of the Gift Cards market in different parts of the world.
• -To analyse and study micro-markets in terms of their contributions to the Gift Cards market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Gift Cards market.
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Gift Cards market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

The market is segmented by Application (Restaurant, Department Store, Coffee Shop, Entertainment (Movie, Music), Other) by Type (Open Loop Gift Cards, Closed Loop Gift Cards) and by Geography (North America, South America, Europe, Asia Pacific, MEA).

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Key takeaways from the Gift Cards market report:
- Detailed consideration of Gift Cards market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
- Comprehensive valuation of all prospects and threats in the
- In-depth study of industry strategies for growth of the Gift Cards market-leading players.
- Gift Cards market latest innovations and major procedures.
- Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Gift Cards market for forthcoming years.

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Major highlights from Table of Contents:
Gift Cards Market Study Coverage:
• It includes major manufacturers, emerging player's growth story, and major business segments of Gift Cards market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Gift Cards Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Gift Cards Market Production by Region Gift Cards Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
• Key Points Covered in Gift Cards Market Report:
• Gift Cards Overview, Definition and Classification Market drivers and barriers
• Gift Cards Market Competition by Manufacturers
• Gift Cards Capacity, Production, Revenue (Value) by Region (2023-2029)
• Gift Cards Supply (Production), Consumption, Export, Import by Region (2023-2029)
• Gift Cards Production, Revenue (Value), Price Trend by Type {Open Loop Gift Cards, Closed Loop Gift Cards}
• Gift Cards Market Analysis by Application {Restaurant, Department Store, Coffee Shop, Entertainment (Movie, Music), Other}
• Gift Cards Manufacturers Profiles/Analysis Gift Cards Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Major questions answered:
• What are influencing factors driving the demand for Gift Cards near future?
• What is the impact analysis of various factors in the Global Gift Cards market growth?
• What are the recent trends in the regional market and how successful they are?
• How feasible is Gift Cards market for long-term investment?

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