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Gift Card Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2031 / Duracard, First Data, Micro Labels Pvt. Ltd., NGC US, LLC, Plastek Card Solutions, Inc.

05-15-2024 08:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Gift Card Market Size, Share, Trends, Demand, Segments, Leading

The global gift card market is anticipated to grow at a considerable CAGR of 15.2% during the forecast period. Constant consumer engagement with shopping, as a result of fast expansion in digital commerce, and an increase in the number of new technologies that give customers creative and smooth payment choices are important growth factors for the industry. Furthermore, ongoing technological advancements in gift cards enable businesses to increase sales by making their product offerings more distinctive and appealing, propelling the gift card market expansion. 

Another factor that assists in the market's growth is the increasing online gaming community. For instance, according to the International Trade Administration's Global Media & Entertainment (M&E) Team, with 2.7 billion gamers worldwide, the global video game industry was valued at $159.3 billion in 2020. In online gaming, gamers often purchase and utilize gaming gift cards for purchasing anything within the game, which makes their shopping experience convenient and secure on the gaming platform.

Additionally, the increasing penetration of smartphones has also supported the market's growth since many apps are available on smartphones that offer ease and simplified payment options to the user. For instance, Gyft, an app available on Android and iPhone, is a popular payment solution. This app allows users to load their gift cards into the app and use them while shopping. 

Besides, expansions, new product launches, and investments by established and new gift cards companies such as NGC US, LLC, Plastek Card Solutions, Inc., Prime Plastic Cards, and PSM Cards, as well as banking merchants, also increase the market's growth. For instance, in February 2023, Prizeout Corp. partnered with nine credit unions across the country through a CUSO (credit union service organization) to provide them with access to proprietary ad technology that will put additional cash in their members' pockets while also providing the credit union with an offering that will support their local merchants. The new Prizeout Partners CUSO, designed to integrate with the Prizeout platform, allows credit unions to offer digital gift cards via their institution's online or mobile banking channels. According to the results of a trial program, credit union members may get an average bonus of 12% over the cash value of the card.

To Request a Sample of our Report on Gift Card Market:  https://www.omrglobal.com/request-sample/gift-card-market

Market Coverage           

The Market Number Available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Functional Attribute
By Merchant
Card Type

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Duracard, First Data, Micro Labels Pvt. Ltd., NGC US, LLC, Plastek Card Solutions, Inc., and others.

Gift Card Market Report Segment

By Functional Attribute

Open Loop
Closed Loop

By Merchant

Restaurants 
Department Stores 
Grocery Stores/Food Supermarkets
Discount Stores 
Coffee Shops
Entertainment
Others

By Card Type

E- Gift Cards 
Physical Cards

A full Report of Gift Card Market is Available @  https://www.omrglobal.com/industry-reports/gift-card-market

Gift Card Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Apple Inc.
Basic Visual Id Technologies.
Blackhawk Network Holdings
Buyatab
M. M. Info Tech
Creative Cards & Solutions
Duracard
First Data
Micro Labels Pvt. Ltd.
NGC US, LLC.
Plastek Card Solutions, Inc.
Prime Plastic Cards.
PSM Cards
Qwikcilver Solutions Pvt. Ltd.
TenderCard
TransGate Solutions
Walmart Inc.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/gift-card-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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