Gift Card Market Statistics and Forecast 2021-2027 | Amazon, Inc., Blackhawk Network, Fiserv, Inc., Givex
PORTLAND, OR, USA, February 25, 2022 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled “gift card market By Card Type (Closed-Loop Card and Open-Loop Card) and End-User (Retail Establishment and Corporate Institutions): Global Opportunities Analysis and Industry Forecast, 2020-2027”, the size of the Global Gift Card Market was valued at USD 619.25 Billion in 2019, and is projected to reach USD 2,076.51 Billion by 2027, growing at a CAGR of 16.2% from 2020 to 2027.
The study covers a comprehensive analysis of key dynamic trends, key market players, key driving factors and key investment pockets. The global gift card market study involves overview of the market 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 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 Gift Card 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 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 edge. 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 Gift Cards 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 Gift Cards 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 growth of the global card market- 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 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., American Express Company, Blackhawk Network Holdings, Inc., Fiserv, Inc., Givex Corporation, InComm Payments, PayPal, Inc., Paytronix Systems, Inc. . ., Qwikcilver Solutions Pvt Ltd. 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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Main benefits for stakeholders
• The study provides an in-depth analysis of the global gift card market share along with current and future trends to illustrate impending investment pockets.
• Information on major drivers, restraints and opportunities and their market size impact analysis is provided in the report.
• Porter’s Five Forces analysis illustrates the power of buyers and suppliers operating in the industry.
• In-depth analysis of key industry segments helps in understanding global gift card market trends.
• Quantitative analysis of the global gift card market from 2020 to 2027 is provided to determine the market potential.
Key market segments
By card type
• Closed loop map
• Open loop map
Per end user
• Retail establishment
• Corporate institutions
• North America
o United States
o United Kingdom
o Nordic countries
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
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.