The Infinium Global Research analyzes the Gift Cards Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global gift cards market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of gift cards. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the gift cards market during the period.
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Increased Adoption of Smartphones Is Anticipated to Boost the Gift Cards Market by Offering a Flexible & Convenient Way of Payment for the Customers
Gift cards have become more innovative with the rapid development of smartphones. The increased adoption of smartphones is anticipated to boost the gift cards market by offering a flexible & convenient way of payment for the customers. In addition, the gift cards market is projected to experience significant growth during the projection period, owing to technological innovation in product offerings and an upsurge in application areas such as hospitality, banking, and retail stores. Gift cards contain prepaid stored-value money cards dispensed by a retailer or bank to be used as an alternative to cash for purchases within a definite store or associated trades. These cards are used during diverse events such as dining, retail purchase, entertainment, convenience shopping, and others.
Furthermore, an increase in the need for advanced promotional strategies, a high adoption rate of smartphones, and growth-related to the e-commerce industry drive the global gift cards market. In addition, an increase in the popularity of these cards during traveling and upsurge in demand for gift cards from developing countries is anticipated to boost the market growth in the near future. On the other hand, numerous types of fees associated with card transaction and the dearth of security measures as compared to credit or debit cards are major limitations that hamper the growth of the market.
North America Region is Expected to Hold the Largest Share in the Global Gift Cards Market
Among the geographies, North America region is expected to hold the largest share in the global gift cards market as countries such as the U.S. and Canada is the front-runners in adopting new technology. Further, factors such as the favorable rate of return generated for vendors will significantly influence gift cards market growth in the North American region. Furthermore, the Asia Pacific region is anticipated to witness high growth during the forecast period owing to the rising adoption of digital services in emerging economies such as China and India. An increase in demand for advanced products and technological advancements associated with payment solutions are the factors responsible for the growth of the market.
Gift Cards Market: Segmentation
The report on the global gift cards market covers segments such as type, and end-user. On the basis of type, the sub-markets include open loop gift card, and closed loop gift card. On the basis of end-user, the sub-markets include retail establishments, and corporate institutions.
Gift Cards Market: Companies Profiled
The report provides profiles of the companies in the market such as Amazon.com, Inc., American Express, Blackhawk Network Holdings, Inc., First Data Corporation, Fiserv, Inc., Givex Corporation, InComm Inc., Qwikcilver Solutions Pvt Ltd, NGC US, LLC, and Paytronix Systems, Inc.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the gift cards.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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