Italy Gift Card Market Size Expected to Reach $18.26 Billion by 2028 | Analysis and forecast of the impact of COVID-19
PORTLAND, OREGON, USA, January 18, 2022 /EINPresswire.com/ — Gift cards are also known as gift certificates, vouchers, tokens and others, which are usually issued by a retailer or bank as part of a development strategy used to promote businesses, attract new customers, increase brand awareness, reduce fraud and improve sales.
Allied Market Research released a report titled “Gift card market in Italy by functional attribute (open-loop card and closed-loop card), distribution channel (online and offline), product type (physical gift card and digital gift card), end user (retail and corporate), group Age (Gen X, Gen Z / Millennials & Boomers), Application (Consumer Goods, Health & Wellness, Restaurants & Bars, Travel & Tourism, Media & Entertainment, and Others): Opportunity Analysis & Forecast of the industry, 2021-2028. According to a report, the size of the gift card industry in Italy was valued at $6.55 billion in 2020 and is expected to reach $18.26 billion by 2028, growing at a CAGR of 13 .9% from 2021 to 2028.
The report offers a detailed analysis of the development of the gift card market in Italy dynamics, key segments, competitive landscape, the main pockets of investment and the feasibility of the investment. This data and statistics will offer a valuable source of guidance for startups, stakeholders, key market players, and investors to gain useful market insights and implement necessary strategies.
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The research provides in-depth analysis of drivers, restraints, and opportunities for the growth of the Global Italy Gift Card Market. This information is useful in determining other strategies and exploiting sustainable growth opportunities. This information and their in-depth explanations will also help in knowing the driving forces and adopting strategies to achieve growth. Additionally, market players, investors, and new entrants can adopt this information to identify market potential and gain competitive advantage.
The report provides information on the impact of the Covid-19 pandemic on the size of the global gift card market in Italy. This information would help improvise strategies to deal with the impact. Additionally, market players can reevaluate their strategies and mitigate the impact caused by disruption in manufacturing processes, supply chain, and lack of labor availability. Investors can adapt their strategies and determine the feasibility of the investment based on the changing scenario.
The report offers comprehensive segmentation of the global Italy gift card market share based on type, applications, end-users, and region. A detailed analysis of each segment and sub-segment is provided in the report using tabular and graphical formats. This analysis is a valuable source of information for determining the most revenue-generating and fastest-growing segments. Moreover, this information will guide the adoption of various strategies to achieve growth during the forecast period.
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The research provides extensive competitive scenario of Global Italy Gift Card Market for different regions and respective countries. Regions analyzed in the report include Italy. Data and information on these regions and countries are valuable in determining strategies and exploring market potential. AMR also provides the customization services for specific region, country and segment based on requirement.
The report provides a detailed analysis of major market players operating in the global Italy Gift Card Market. The major market players analyzed in the report are Amazon.com, Inc., Auchan Holding, Apple Inc., Conad, Groupe Carrefour, EUROSPAR, Esselunga SpA, EPIPOLI SPA, PANORAMA and Square, Inc.
The major players have adopted various strategies such as new product launches, partnerships, joint ventures, mergers and acquisitions, collaborations, expansion and others to achieve sustainable growth and brand themselves internationally.
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Key market segments
• BY FUNCTIONAL ATTRIBUTE
o Open loop
o Closed loop
• BY DISTRIBUTION CHANNEL
• BY TYPE OF PRODUCT
o Physical gift cards
o Digital gift cards
• BY THE END USER
o Retail establishments
o Corporate institutions
• BY AGE GROUP
o Generation X
o Generation Z/Millennium
o Baby boomers
• ON DEMAND
o Consumer goods
o Health and well-being
oRestaurants & Bars
o Travel & Tourism
o Media and Entertainment
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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.