Gift Cards Market Expected to Create $1.92 Trillion by 2027: At 15.4% CAGR

Gift card market is expected to reach $1,922.87 billion by 2027, growing at a CAGR of 15.4% between 2020 and 2027. In 2019, the market was worth $619.25 billion. The changing dynamics of the market, key winning strategies, business performance, major segments, and competitive scenarios are all thoroughly examined in the report.

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Leading market players analyzed in the research include American Express, Amazon.com, Inc., First Data Corporation, Blackhawk Network Holdings, Inc., Givex Corporation, Fiserv, Inc., NGC US LLC, InComm Inc, Paytronix Systems, Inc, and Qwikcilver Solutions Pvt Ltd.

The global gift card market is expanding due to an increase in application areas like banking, hospitality, and retail stores as well as technological innovation in product offerings. Nonetheless, different kinds of expenses related with card exchanges block the market development. Then again, flood popular for gift vouchers from creating economies, for example, China and India sets out new open doors for the market player before long.

The report offers point by point division of the worldwide gift cards market in view of card type, end client, and district.

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In view of card type, the shut circle card fragment added to the biggest offer in 2019, representing more than 66% of the complete offer, and is assessed to keep up with its predominant situation during the gauge time frame. Notwithstanding, the open-circle card section is assessed to depict the most noteworthy CAGR of 17.1% during the estimate time frame.

In view of end client, the retail foundation fragment represented the biggest offer in 2019, holding more than 66% of the complete offer, and is supposed to keep up with the biggest offer all through the figure time frame. Be that as it may, the corporate foundations section is supposed to enroll the most elevated CAGR of 16.8% from 2020 to 2027.

In view of locale, North America contributed the most elevated share, representing more than two-fifths of the absolute market share in 2019, and will keep up with its strength all through the conjecture period. In any case, Asia-Pacific is likewise expected to develop at the most noteworthy CAGR of 17.0% from 2020 to 2027.

Key benefits for stakeholders

This report provides a quantitative analysis of the gift cards market segments, current trends, estimations, and dynamics of the gift cards market forecast from 2022 to 2032 to identify the prevailing gift cards market opportunity.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's 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.
In-depth analysis of the gift cards market outlook assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Gift cards Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the gift cards market players.
The report includes an analysis of the regional as well as global gift cards market trends, key players, market segments, application areas, and gift cards market growth strategies.

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By Card Type
Closed-loop Card
Open-loop Card
By End User
Retail Establishment
Corporate Institutions
By Region
North America (U.S., Canada)
Europe (UK, Germany, France, Netherlands, Spain, Italy, Nordic Countries, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
Key Market Players American Express Company, Amazon.com Inc., Fiserv, Inc., Walmart Inc., Paytronix Systems, Inc., InComm Payments LLC, Givex Corporation, PayPal, Inc., Blackhawk Network, Qwikcilver Solutions Pvt Ltd.

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