Gift Cards Market is Likely to Experience a Tremendous Growth in Near Future | Google Play Amazon, Starbucks

The latest study released on the Global Gift Cards Market by HTF MI evaluates market size, trend, and forecast to 2030.
The Gift Cards market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include: Givex Corporation (Canada), American Express (United States), Qwikcilver Solutions Pvt. Ltd. (India), Blackhawk Network Holdings, Inc. (United States), First Data Corporation (United States), National Gift Card Corp. (United States), Paytronix Systems, Inc. (United States), Amazon.com, Inc. (United States), InComm, Inc. (United States), Walmart (United States), Google Play (United States), Starbucks (United States). Additionally, other players that are part of this detailed analysis are Home Depot (United States), Walgreens (United States), Sephora (France), Lowes (United States), Carrefour (France), .

According to HTF Market Intelligence, the global Gift Cards market is valued at USD Million in 2023 and estimated to reach a revenue of USD 529628 Million by 2030, with a CAGR of 10.2% from 2023 to 2030.

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Definition:

Gift cards are prepaid cards that are issued by retailers, businesses, or financial institutions and can be used as an alternative to cash for purchasing goods or services from a specific store or group of affiliated businesses. These cards typically have a predetermined monetary value, and the recipient can use them to make purchases up to that value.

Gift cards are often given as presents or rewards, allowing the recipient to choose their preferred items or experiences within the constraints of the card's value. They come in physical or digital formats, with a unique code or number that is linked to the card's value in the issuing system.

Market Trends:

There is a growing trend toward personalized gift cards.
This includes the ability to add personal messages, choose custom designs, and even upload personal photos to make the gift more meaningful.

Market Drivers:

Gift cards offer a convenient way to give and receive gifts.
They eliminate the need to choose a specific item and allow the recipient to pick what they want.

Market Opportunities:

Gift cards can be used as part of customer acquisition and retention strategies. They attract new customers when given as gifts, and if recipients have positive experiences, they may become loyal customers.

Geographic Breakdown and Segment Analysis :

Analysts at HTF Market Intelligence have segmented the Global Gift Cards market and presented a comprehensive analysis of the market by product type (Open Loop Gift Cards, Closed Loop Gift Cards), by end-user/application (Restaurant, Department Store, Coffee Shop, Entertainment (Movie, Music), Other), and by geography along with country-level break-up.
This section of our report presents a realistic picture of the Global Gift Cards industry.
Investors and Industry players can easily understand the inherent opportunities and challenges related to their products in the targeted territory.

Market Challenges:

The gift cards are popular among the consumers, no doubt; unfortunately, the gift cards are also popular among the fraudsters.
Furthermore, the most common form of the gift card fraud is card cloning, which involves thieves tampering with cards inside the retailer's store before the cards are purchased by legitimate customers.
An emerging gift card fraud is the Business E-mail Compromise (BEC) attack.
This is when a cyber-criminal hacks into a corporate e-mail account and impersonates the organization's owner or senior leader to trick the company or employees into sending digital gift cards to the fraudster's account.
An article published by CPO Magazine states that the average amount requested in these attacks tends to be around USD 1,500.

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The Global Gift Cards Market segments and Market Data Break Down are illuminated below:

Global Gift Cards Market Breakdown by Application (Restaurant, Department Store, Coffee Shop, Entertainment (Movie, Music), Other)

by Type (Open Loop Gift Cards, Closed Loop Gift Cards) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

Global Gift Cards market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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Objectives of the Report:

• -To carefully analyze and forecast the size of the Gift Cards market by value and volume.
• -To estimate the market shares of major segments of the Gift Cards
• -To showcase the development of the Gift Cards market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Gift Cards market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Gift Cards
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Gift Cards market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Major highlights from Table of Contents:

Gift Cards Market Study Coverage:

It includes major manufacturers, emerging player's growth story, and major business segments of Gift Cards market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.

Gift Cards Market Executive Summary:

• It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Gift Cards Market Production by Region Gift Cards Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Gift Cards Market Report:

• Gift Cards Overview, Definition and Classification Market drivers and barriers
• Gift Cards Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Gift Cards Market
• Gift Cards Capacity, Production, Revenue (Value) by Region (2023-2030)
• Gift Cards Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Gift Cards Production, Revenue (Value), Price Trend by Type {Open Loop Gift Cards, Closed Loop Gift Cards}
• Gift Cards Manufacturers Profiles/Analysis Gift Cards Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
How feasible is Gift Cards market for long-term investment?
What are influencing factors driving the demand for Gift Cards near future?
What is the impact analysis of various factors in the Global Gift Cards market growth?

What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Thanks for reading this article; HTF MI also offers Custom Research services providing focused, comprehensive, and tailored research according to clientele objectives. Thanks for reading this article; you can also get individual chapter-wise sections or region-wise reports like Balkan, China-based, Japanese, German, North American, Europe, or Southeast Asia.

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About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

This release was published on openPR.