Digital Gift Card Market to Grow at Alarming Rate to 2030 | Amazon, Inc., Apple, Inc., Fiserv, Inc., InComm Payments
PORTLAND, OR, USA, February 23, 2022 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled “Digital Gift Card Market by Functional Attribute (Open Loop Card and Closed Loop Card), End User (Retail and Enterprise) and Application (Consumer Goods, Health & Wellness, Restaurants & Bars, Travel & Tourism, Media & Entertainment and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030”, the global digital gift card industry size was valued at 258.34 billion in 2020, and is expected to reach $1,101.03 billion by 2030, growing at a CAGR of 15.8% from 2021 to 2030.
According to the report, the Digital gift card market is expected to register a remarkable CAGR from 2021 to 2030. The study covers a comprehensive analysis of key dynamic trends, major market players, key driving factors, and major investment pockets. The global Digital Gift Card market research involves market overview and highlights market definition and scope. Ongoing technological developments and increasing demand are having a huge impact on the growth of the market.
Market research covers a detailed study of the market with the help of various methods and tools. The SWOT analysis and Porter’s five forces model provide a detailed study of the major determinants of market growth. Moreover, these tools are essential to understand the profitability of the market.
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The Global Digital Gift Cards Market report includes a comprehensive study of dynamic driving and restraining factors, challenges and lucrative opportunities. Additionally, the report offers SWOT analysis which helps in recognizing the restraining and driving factors of the market. The Digital Gift Cards Market report highlights market segmentation and growth analysis of key market players in the industry. The report provides a comprehensive study of the impact of Covid-19 on the global growth of the digital gift card market.
On the other hand, a detailed analysis of various market segments helps new market entrants to make informed business decisions and profitable investments in the future. Moreover, it helps market players gain a competitive advantage. The segment and sub-segment study is provided in the report in the form of graphs and tables. This study is essential for knowing the most revenue-generating and fast-growing segments of the market, which is essential information for making strategic investments.
The global digital gift card market offers in-depth segmentation on the basis of geography. The regions analyzed in the report are North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea , India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa). This regional analysis helps in formulating business strategies that target specific regions to take advantage of lucrative opportunities.
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The global digital gift card market is influenced by technological advancements. The advent of innovative technologies such as artificial intelligence (AI), big data, cloud computing, Internet of Things (IoT) and cryptocurrency is having a significant impact on the global card market growth- digital gifts. The report helps in recognizing the role of these advanced technologies in the growth of the market.
Market growth is analyzed using several methods and tools. SWOT analysis and Porter’s five forces model offer detailed knowledge of the major determinants of market growth. Moreover, these tools are essential for understanding profitable opportunities in the market.
The Global Digital Gift Cards Market report offers a detailed study of the top 10 market players currently active in the industry. The report includes sales, revenue analysis, and production for these companies. Major market players studied in the market report are Amazon.com, Inc., Apple, Inc., Blackhawk Network Holdings, Inc., Fiserv, Inc., InComm Payments, Loop Commerce, Inc., National Gift Card Corporation, PayPal Holdings, Inc., Target Brands, Inc. and Walmart Inc.
These companies have adopted several business strategies including new product launches, mergers and acquisitions, partnerships and collaborations to maintain their presence in the market.
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Key market segments
• By functional attribute
o Open loop gift card
o Closed loop gift card
• By the end user
o Generation X
o Generation Z/Millennials
o Baby boomers
• By app
o Consumer goods
o Health and well-being
oRestaurants & Bars
o Travel & Tourism
o Media and Entertainment
• By region
o North America
Rest of Europe
Rest of Asia-Pacific
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of market research reports and Business Intelligence solutions. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of AMR, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior executives from leading companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.