Gaming Gift Card Market to Surpass US$ 62.5 Bn by 2032 Amid Soaring Online Gaming Demand - Persistence Market Research

✅Overview of the Market

According to the latest study by Persistence Market Research, the global gaming gift card market is projected to grow significantly from US$ 21,789.3 Mn in 2025 to US$ 62,556.8 Mn by 2032, registering a robust CAGR of 16.4% during the forecast period. The growing popularity of digital gaming, rising disposable incomes, and a shift toward online gift-giving are propelling the gaming gift card industry into a new era of digital commerce. As mobile gaming and e-sports boom globally, gaming gift cards are becoming a preferred method for gifting in-game content, subscriptions, and credits.

The gaming gift card market has emerged as a dynamic sector within the broader digital entertainment landscape. These prepaid cards are used to purchase in-game items, virtual currencies, or subscriptions across multiple gaming platforms such as Xbox, PlayStation, Steam, and mobile gaming apps. The pandemic-induced shift to digital entertainment significantly accelerated the market, as consumers turned to gaming for leisure and social interaction. Gift cards offer both flexibility and convenience for gifting, while also driving customer engagement for game publishers.

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The market is thriving due to increasing demand for immersive gaming experiences and the global rise of microtransactions. Among all segments, digital gift cards are leading, owing to their instant delivery and compatibility with multiple devices and platforms. Regionally, North America dominates the gaming gift card market due to high penetration of online gaming, established digital infrastructure, and strong presence of major gaming companies. However, Asia Pacific is expected to witness the fastest growth, driven by expanding gaming communities in countries like India, China, and Southeast Asia, along with growing smartphone penetration.

✅Key Market Insights

➤ Digital gaming gift cards account for the majority of sales due to their instant delivery and ease of use.
➤ North America holds the largest market share owing to mature gaming ecosystems and tech-savvy consumers.
➤ Microtransactions and virtual currencies are boosting the utility and appeal of gaming gift cards.
➤ Retail and e-commerce platforms are witnessing rising demand for gift cards during holiday seasons and special events.
➤ Loyalty programs and promotions linked to gaming gift cards are increasing user retention and brand engagement.

✅What is the purpose of a gaming gift card?

A gaming gift card is a prepaid card that allows users to purchase video games, downloadable content (DLC), subscriptions, or virtual items on gaming platforms. These cards are commonly used as gifts and provide a flexible, secure method to access in-game services without linking a credit or debit card. Gaming gift cards can be redeemed on platforms such as PlayStation Network, Xbox Live, Steam, and mobile game stores like Google Play or Apple App Store. They are particularly popular among younger gamers and offer a convenient gifting solution for parents, friends, or family members.

✅Market Dynamics

Market Drivers:
The gaming gift card market is driven by rising engagement in digital gaming, increasing smartphone adoption, and the booming popularity of multiplayer and role-playing games. Gift cards allow gamers to access content conveniently without recurring billing or financial risk. Moreover, digital gift cards have become a staple for birthdays, festivals, and corporate gifting, boosting their adoption further.

Market Restraining Factor:
Challenges such as fraudulent activity, unauthorized resellers, and concerns over security in online transactions pose a restraint. Additionally, lack of standardization and varying redemption policies across platforms may lead to consumer dissatisfaction and limit cross-border usage.

Key Market Opportunity:
The integration of cryptocurrencies and blockchain in gift card issuance offers a compelling opportunity for market expansion. Gamers are also increasingly looking for personalized and themed gift card options, opening up creative marketing avenues. Expansion in emerging economies, where digital gaming is growing rapidly, presents a lucrative opportunity for new entrants.

✅Market Segmentation

The gaming gift card market can be segmented by type, platform, and end user. Based on type, the market is divided into physical gift cards and digital gift cards. Digital gift cards dominate due to their convenience, zero shipping cost, and the ability to be redeemed instantly through codes. With the rise of e-commerce and mobile apps, digital cards are increasingly preferred by tech-savvy users and are easier to distribute globally, making them ideal for game publishers and retailers alike.

In terms of platform, the market includes console gaming (PlayStation, Xbox, Nintendo), PC gaming (Steam, Epic Games), and mobile gaming platforms (Google Play, Apple App Store). Console gaming gift cards are the most popular due to the high cost of games and downloadable content on these platforms. However, mobile gaming gift cards are rapidly gaining traction, especially in Asia Pacific, due to the affordability and massive user base. End users of gaming gift cards range from teenagers and casual gamers to professional e-sports players and corporate clients looking to incentivize employees through gaming vouchers.

✅Regional Insights

North America leads the global gaming gift card market due to its well-established gaming industry, high digital literacy, and the presence of major players like Microsoft, Sony, and Valve Corporation. Consumers in the U.S. and Canada frequently use gift cards for both personal use and gifting purposes, supported by a vast retail and online distribution network.

Asia Pacific is the fastest-growing region, with markets such as China, Japan, South Korea, and India seeing rapid adoption of gaming platforms. The region's growth is fueled by rising disposable income, increasing smartphone and internet usage, and the cultural acceptance of mobile gaming as a mainstream form of entertainment. E-commerce growth in the region also supports online distribution of digital gift cards.

✅Company Insights

✦ Sony Corporation
✦ Microsoft Corporation
✦ Steam (Valve Corporation)
✦ Nintendo Co., Ltd.
✦ Apple Inc.
✦ Google LLC
✦ Amazon.com, Inc.
✦ Razer Inc.
✦ Roblox Corporation
✦ Tencent Holdings Ltd.
✦ GameStop Corp.

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✅Key Industry Developments

The gaming gift card market has seen a surge in collaboration between gaming publishers and retail giants. For instance, partnerships between console makers and e-commerce platforms have enabled bundled promotions and discounts that drive traffic during major events such as Black Friday, Cyber Monday, and game launches. Moreover, companies are offering exclusive in-game bonuses or premium subscriptions with gift card redemptions, enhancing value for end users.

In another significant development, gaming platforms are focusing on local currency support and multilingual interfaces for their gift card stores to enhance cross-border usability. Brands like Sony and Steam have expanded their gift card availability into regional convenience stores and mobile wallets, making them accessible to broader demographics, including unbanked populations. These steps are expected to increase user adoption across developing economies.

✅Innovation and Future Trends

The future of the gaming gift card market will be shaped by AI-powered personalization, loyalty integration, and blockchain-based gift card systems. Personalized gift card recommendations based on user gaming behavior and purchase history will become more common, driving conversions. Integration with loyalty programs and gamified incentives will enhance brand loyalty and repeat purchases, particularly among Gen Z and millennial gamers.

Blockchain and NFTs are expected to disrupt the space by enabling secure, tamper-proof, and tradeable gift cards that can carry unique digital assets or in-game currency. These tokens can provide additional functionality beyond standard cards, including value appreciation and resale. Additionally, companies may explore subscription-based gifting, where recurring monthly gift cards provide game credits or curated content, aligning with the "as-a-service" trend in the gaming industry.

This comprehensive analysis underscores the evolving role of gaming gift cards as not just a convenient transaction tool but as a critical component of gamer engagement and platform monetization. As the gaming ecosystem becomes more interconnected and social, gift cards will play a vital role in enabling seamless, secure, and rewarding player experiences across the globe.

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