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Gift Cards Market Size, Future Prospects, and Industry Trends: A Detailed Analysis 2024-2030
Gift Cards Market Report
As per the report, the gift cards market size has grown rapidly in recent years. It will grow from $1,094.23 billion in 2023 to $1,296.06 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The gift cards market size is expected to see rapid growth in the next few years. It will grow to $2,576.52 billion in 2028 at a compound annual growth rate (CAGR) of 18.7%.
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What Is Driving The Growth Of The Global Gift Cards Market?
The Steadily Rising Foodservice Sector Drives Growth In The Gift Cards Market
The rising food service sector is expected to propel the growth of the gift cards market going forward. The food service sector encompasses establishments that prepare and serve meals and beverages to customers, including restaurants, cafeterias, catering services, and food trucks. The rising food service sector is due to increasing consumer demand for convenient dining options, evolving food preferences towards healthier and more diverse cuisines, and the growth of urbanization. Gift cards benefit the food service sector by enhancing customer loyalty, attracting new customers, increasing cash flow, and promoting the brand.
What Is The Key Trend In The Global Gift Cards Market?
Innovative Customizable E-Gift Cards Enhance The Digital Gift Card Market Experience For Users
Major companies operating in the gift cards market are increasing their focus on developing innovative solutions, such as customizable and animated e-gift cards, to elevate the digital gift card experience and cater to consumers' evolving preferences. Customizable and animated e-gift cards are digital gift cards that can be personalized with custom messages, images, and dynamic visual elements, creating a more engaging and unique gifting experience.
How Is The Global Gift Cards Market Segmented?
The gift cards market covered in this report is segmented -
1) By Type: Universal Accepted Open Loop, Sports Gift Card, E-Gifting, Restaurant Closed Loop, Retail Closed Loop, Miscellaneous Closed Loop
2) By Price Range: Low (0-200 US$), Medium (200-400 US$), High (Above 400 US$)
3) By Application: Personal Finance, marketing And Promotions, Hospitality And Travel, Education, Non-Profit And Charity, Other Applications
4) By End User: Retail Establishment, Corporate Institutions
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How Is The Competitive Landscape Of The Global Gift Cards Market?
Major companies operating in the gift cards market are Amazon.com Inc., Apple Inc., Target Corporation, American Express, Best Buy Co. Inc., Starbucks Coffee Company, PayPal Inc., Fiserv Inc., Block Inc., Worldpay Inc., Corpay Inc., Blackhawk Network, InComm Payments, QwikCilver Solutions Pvt. Ltd., Pine Labs Pvt Ltd, Givex Corp., Paytronix Systems Inc., Plastek Card Solutions Inc., Tendercrop Farms, National Gift Card Corp, Card USA Inc., Tele-Pak Inc., Yiftee Inc., JIFITI, Village Roadshow Ltd., TransGate Solutions, Duracard Plastic Cards, Kindcard Inc.
Contents Of The Global Gift Cards Market
1. Executive Summary
2. Gift Cards Market Report Structure
3. Gift Cards Market Trends And Strategies
4. Gift Cards Market - Macro Economic Scenario
5. Gift Cards Market Size And Growth
…..
27. Gift Cards Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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