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Gift Card Market Size, Industry Trends and Forecast to 2030

The realistic Gift Card market survey report contains thorough description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and porter's five force analysis. The market is considerably transforming because of the moves of the key players and brands including developments, product launches, joint ventures, mergers and acquisitions that in turn changes the view of the global face of FMCG industry. By keeping end users at the centre point, a team of researchers, forecasters, analysts and industry experts work painstakingly to create Gift Card market research document.

Data Bridge Market Research analyzes that the gift card market is expected to reach the value of USD 2,632,843.72 million by 2030, at a CAGR of 14.2% during the forecast period.

Browse Full Report Along With Facts and Figures @ t https://www.databridgemarketresearch.com/reports/global-gift-card-market

Market Overview:

A gift card is an artificial prepaid debit card that is loaded with a specific amount. It is used for various purposes, such as gifting someone and purchasing things. Most consumers, including millennials and the older generation, have a rising demand for gift cards due to their ease of use and the increasing adoption of smartphone payment technologies. The growing social trends of online gift-giving and rising demand from millennials are expected to drive market growth.

Opportunities

- The Growing Internet and Smartphone Penetration Rate Worldwide
The growing popularity of e-commerce enables the user to use gift cards easily and explore more product with easy purchases. One of the most innovative fields of technology in the gift card market is the introduction of smartphone technology. The benefits of e-gift cards using smartphone technology in payment methods enables a wide range of consumer base who can provide growth to the market with enormous opportunities. Continuous launches and announcements in the segment of mobile wallet gift cards and e-gift cards and their increasing trend can lead the gift card market to face extreme growth in the near future. E-Gift cards are considered a good alternative form of payment if any consumer has no cash to pay for a product, as they can be transferred digitally if the recipient lives in longer distance from the sender of the gift cards. Thus, these benefits are creating a preference for e-gift cards, and companies are launching new product, which are expected to provide an opportunity for market growth.

Some of the major players operating in the market are Walmart Inc., Under Armour, Inc., Givex Corporation, American Express, Target Brands, Inc., Best Buy, Starbucks Coffee Company, PayPal Holdings, Inc., Apple Inc., Sephora USA, Inc., Gyft, Inc., Walgreen Co., TransGate Solutions, AMILON S.R.L., Jigsaw Business Solutions, Diggecard, Pine Labs Private Limited, Alltimeprint.com, Plastek Card Solutions, Inc., Card USA, Inc., Duracard, Blackhawk Network, Tango Card. Inc, Stockpile, Inc., and Huuray A/S among others.

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