According to a recent report published by Allied Market Research, titled, “Gift Cards Market by Card Type and End User: Opportunity Analysis and Industry Forecast, 2020-2027,” the global gift cards market size was valued at $619.25 billion in 2019, and is projected to reach $2,076.51 billion by 2027, growing at a CAGR of 16.2% from 2020 to 2027.
The report offers a detailed analysis of changing Gift Cards Market dynamics, key segments, competitive landscape, major investment pockets, and investment feasibility. These data and statistics will offer a valuable source of guidance for startups, stakeholders, leading market players, and investors to avail useful insights regarding the market and implement necessary strategies.
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The report provides a detailed analysis of key market players operating in the global Gift Cards Market. The leading market players analyzed in the report include 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.
The report offers a business outline coupled with financial analysis and portfolio analysis of services and products. Furthermore, it includes the latest advancements, information, and news based on acquisitions and mergers, business expansions, new growth strategies, collaborations, latest product launches, and recent developments to provide a better understanding and insights of the industry to the existing as well as new entrants in the Gift Cards Market. This information also helps the market players to make strategic decisions to remain competitive in the market, throughout. Moreover, the report also provides the top market players that are ruling the market.
Key Benefits for Stakeholders
The research provides an extensive analysis of drivers, restraints, and opportunities of the global Gift Cards Market growth. These insights are useful for determining further strategies and tap on opportunities to achieve sustainable growth. This information and its thorough explanations will also help in knowing driving forces and adopt strategies for realizing growth. Moreover, market players, investors, and new entrants can adopt these insights for identifying the market potential and achieve competitive advantage.
The report offers a comprehensive segmentation of the global Gift Cards Market share on the basis of type, applications, end users and region. A detailed analysis of each segment and sub-segment is provided in the report with the help of tabular and graphical formats. This analysis is a valuable source of information in determining the largest revenue generating and fastest growing segments. Moreover, these insights will guide in adopting various strategies to achieve growth during the forecast period.
The research provides an extensive competitive scenario of the global Gift Cards Market for different regions and respective countries. Regions analyzed in the report include North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The data and information about these regions and countries are valuable in determining the strategies and exploring Gift Cards Market potential. AMR also provides the customization services for a specific region, country, and segment according to the requirements.
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CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping gift cards industry/market
126.96.36.199.Rise in demand for advanced payment solutions
188.8.131.52.High adoption rate of smartphones
184.108.40.206.Increase in demand for innovative products
220.127.116.11.Lack of security
18.104.22.168.Surge in demand for gift cards from developing countries
3.1.COVID-19 impact analysis on gift cards market
3.1.1.Impact on gift card market size
3.1.2.Change in consumer trends, preferences, and budget impact due to COVID-19
3.1.3.Framework for solving market challenges faced by gift cards solution providers
3.1.4.Economic impact on gift cards solution providers
3.1.5.Key player strategies to tackle the negative impact
3.1.6.Opportunity window analysis for gift cards solution providers
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