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Gift Card Market On the Rise by 2016 - 2026
Gift Card Market
The arrival of mobile phone as a channel for gift cards has made the gift card highly cost effective and economical and has also strengthened the market across the World. E-gifting such as sending financial gifts through various online channels will intensify the Global Gift Card Market in the years to come till 2025. The E-Commerce segment popularity in terms of shopping will foster the market of the Global Gift Card industry in the next few years. Apart from this, change in lifestyles along with inclination in the personal disposable income of consumers will strengthen the Global Gift card market.
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Global Gift Card Market: Players
Some of the major players in the Global Gift Card market includes National Gift card, Worldpay, Zara, QwikCilver, and Gyft. As higher and higher corporate and individual consumers are choosing for gift cards, the industry is projected to rise at a significant pace.
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Global Gift Card Market: Regional Outlook
The Global Gift Card industry is studied for the major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. Presently, North America captures the major chunk of the market in the Global Gift Card industry. In the coming years, Asia-Pacific region will cater the higher demand for gift cards. As retail consumption continues to bolster in China, gift cards will become a persistent element of shopping culture. Thus, rising demand for gift cards in Asia region will drive the overall Global gift card market in future.
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