Global Gift Card Market Trends

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Global Gift Card Market Size, Share, and Trends Analysis Report Trends

  • FMCG
  • Upcoming Report
  • Oct 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
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“Rise of Digital Gift Cards”

The gift card market is witnessing significant trend in the market by the increasing popularity of digital gift cards. Consumers are gravitating towards the convenience and flexibility of online gifting, especially during festive seasons and special occasions. Major retailers, such as Amazon and Starbucks, are enhancing their digital offerings by allowing customers to personalize e-gift cards and send them instantly via email or messaging apps. This trend has also been bolstered by the rise in e-commerce, as more people shop online and seek easy gifting solutions. According to a recent report, the digital gift card segment is projected to reach USD 300 billion by 2027, highlighting its crucial role in market expansion.

Frequently Asked Questions

The market is segmented based on Segmentation, By Products (E-Gift Cards and Physical Cards), Functional Attribute (Closed Loop, Universal Accepted Open Loop and E- Gifting), Industry Vertical (Retail and Corporate Institutions), Merchant (Restaurants, Discount Stores, Coffee Shops, Departmental Store, Grocery Store/Food Supermarkets, Entertainment, and Others) – Industry Trends and Forecast to 2031 .
The Global Gift Card Market size was valued at USD 1039.35 USD Billion in 2023.
The Global Gift Card Market is projected to grow at a CAGR of 14.2% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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