Electronic Gift Card Market Size, Demands, Trends, Key Players, Covid-19 Impact and Forecasts to 2027 | Amazon, ITunes, Walmart

Electronic Gift Card Market size was valued at $619.25 billion in 2021, and is projected to reach $2,076.51 billion by 2027, growing at a CAGR of 16.2%

A Electronic Gift Card Market is a stored value card that can be used to purchase goods and services at a specific store or business store instead of cash. Digital gift cards are widely used as part of business development strategies to promote businesses, raise brand awareness, reduce fraud, and attract new customers. As a result, these cards are widely used in a variety of industries, including food and beverage, retail, hospitality, consumer electronics, and so on.

The development of digital and infrared thermometers has been aided by technological advancements, which have fueled the growth of the forehead thermometer market. Furthermore, the market is being driven by rising consumer health concerns as well as an increase in demand for technologies that reduce the risk of infection. A sharp increase in COVID-19 infections around the world has increased demand for routine temperature checks while also reducing disease transmission risk. As a result, forehead thermometers are widely used for frequent and efficient health screening processes in airports, malls, offices, and hospitals, among other places.

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Top Key Players Profiled in This Report: Amazon, ITunes, Walmart, Google Play, Starbucks, Home Depot, Walgreens

This report provides a comprehensive examination of current market trends, industry growth drivers, and restraints. It includes the Electronic Gift Card Market forecasts for the next few years. It contains a look at recent technological breakthroughs, a look at Porter's five force model, and extensive profiles of key industry participants. The research also contains a full value chain analysis as well as a review of micro and macro aspects that are important for existing market participants and new entrants.The surge in demand in various regions is due to an increase in the number of cases. The presence of modern technology , high expenditures, and a large cash flow for R&D all contribute to the market's growth in various region.

Electronic Gift Card Market, By Segmentaion:

Market segment by Type, covers
For Physical Goods
For Service

Market segment by Application, can be divided into
Person
Enterprises

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APEJ is expected to dominate the market in terms of geography, owing to increased demand, mostly from China and India. material availability is also a crucial deciding factor in the global Electronic Gift Card Market. Again, Asia Pacific has a major edge, encouraging manufacturers to concentrate their efforts in the region. The existence of a large industrial sector in North America, followed by Western Europe, accounts for a considerable proportion of the market.

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