#GiftCardMarket

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Strategic collaborations to offer bonus-value gift cards to inflation-hit consumers

The nature of this gift card offering is expected to aid its popularity and adoption in 2023. Prizeout partner brands offer an average bonus value of 11% on gift card purchases from the online marketplace. At a time when inflation is hitting hard on consumers, these bonus value offering gift cards can provide some relief for Brits that are seeking to extend the budget through the month.

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Gift cards have emerged as a strong tool for promoting local businesses and boosting economic recovery

Gift cards have emerged as a popular tool for distributing funds to citizens, especially during times of crisis. This trend has led to the growth of the global gift card industry, with government disbursement programs playing a significant role in this growth. Over the last few years, gift cards have become a key instrument for providing targeted relief to communities, promoting local businesses, and boosting economic recovery. Learn more

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Soaring inflation is driving community gift card program launches

With deadlines approaching fast to allocate and spend the money, Lemon Grove is expected to launch more such community gift card programs in the city over the next 12 months in 2023. La Habra, Upland, and Portland are among the other cities in the United States that have launched similar community gift card programs to support residents and local businesses in the respective region. Read more

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The Global Gift Card Market size was valued at USD 615.34 billion in 2019 and is predicted to reach USD 2097.13 billion by 2030, with a CAGR of 11.7% from 2020-2030.

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Gift Card Market: Analysis by top Players 2022-2030

The Global Gift Card Market is predicted to witness exceptional growth over the next decade. In 2019, the market size was valued at USD 615.34 Billion, and it is estimated that this number will reach USD 2097.13 billion by 2030, with a CAGR of 11.7% between 2020 and 2030.

The global gift card market has rapidly gained traction in recent times, with more and more key players emerging in the field. This report aims to provide a comprehensive overview of the current market size, its growth drivers, and prominent companies within it. It analyses various dynamics such as the share of each participating firm and their profiles. Moreover, it takes into account prevailing trends, as well as changes happening in the industry which could affect the landscape of this sector.

The gift card market has seen unprecedented growth over the past few years, with more and more people opting to purchase them as gifts. This growth is attributed to several factors, including technological advancements, product launches, and strategic growth analysis. The report also offers an in-depth analysis of the market size, potential expansion paths, trends, and leading competitors’ strategies. With this report, you can gain invaluable insight into the current market scope and how you can capitalize on its future prospects.

There are a number of major players in the gift card market, including: • Amazon.com, Inc • America Express • Blackhawk Network Holdings, Inc • First Data Corporation • Fiserv, Inc • Givex Corporation • Incomm Inc • Qwikcilver Solutions Pvt Ltd • Ngc Us, Llc • Paytronix Systems, Inc

The global gift card market has been drastically affected by the COVID-19 pandemic, with demand, consumption, transportation, consumer behaviour and supply chain management all being taken into consideration. Through this study, industry analysts will be analysing the factors which can help companies find new opportunities in the near future and stabilise their businesses.

KEY BENEFITS: •The gift card market report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on. •The study comprises a deep dive analysis of the gift card market trend including the current and future trends for depicting the prevalent investment pockets in the market. •The report provides detailed information related to key drivers, restraints and opportunities and their impact on the gift card market. •The report incorporates competitive analysis of the market players along with their market share in the global gift card market. •The SWOT analysis and Porters Five Forces model is elaborated in the study of the global gift card market. • Value chain analysis in the global gift card market study provides a clear picture of the stakeholders’ roles.

The gift card market is experiencing a surge in recent years with key advantages such as competitive landscape, potential and niche segments, market performance outlook, and strategies of key players. This study report also provides an insight into geographical regions contributing to the growth and forecasts of the gift card market, both historially and in the future. Additionally, current industry trends and market sizes are also discussed in detail.

Depending on their Product, the global gift card market is divided into: • Universal Accepted Open Loop • E-Gifting • Restaurant Closed Loop • Miscellaneous Closed Loop

Global gift card market End User can be categorized into: • Retail • Corporate Institutions

According to regions, the gift card market is segmented as follows: North America • U.S. • Canada • Mexico Europe • UK • Germany • France • Rest of Europe Asia-Pacific • China • India • Japan • Rest of Asia-Pacific RoW • Latin America • Middle East • Africa

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The latest research has taken an in-depth look at the global gift card market, from both macro and micro perspectives. This report covers all major aspects of the industry, including market size, competition, trends, niche markets, drivers and challenges, SWOT analysis, Porter's five forces analysis, and value chain analysis.

According to the report, markets are categorized based on their type, end-users, applications, and regions, among other factors. In order to be able to target products, sales, and marketing strategies accordingly, decision-makers must be familiar with the market segments. Businesses can advance product development by being guided on how to develop products tailored to meet the needs of different market segments.

Key stakeholders can use this market research report to develop plans for supporting the company's success by using statistics, tables, and graphs. It provides an in-depth analysis of the gift card market across all major geographic regions, including North America, Asia-Pacific, Latin America, the Middle East, and Africa. This report examines the dynamics of several regions in order to gain a clearer picture of the global market.

About Us The global market for gift cards is expanding rapidly. According to Next Move Strategy Consulting, the growth of this market can be attributed to multiple factors, such as the rising demand from millennial consumers and an increase in physical and digital gifting options. The independent and trusted third-platform market intelligence provider also highlights that its unique collaboration of primary research, secondary research, data mining and data analytics have allowed them to provide high-quality market research reports which can help companies gain competitive advantage by increasing their industry footprint through greater captured market share.

The global gift card market is thriving, with over 1000 customers from 90% of the Fortune 500 companies. Our research analysts are dedicated to helping businesses identify hidden opportunities in the sector and take advantage of emerging high growth markets. We provide quality syndicates and custom research reports covering 10 different industries, giving you reliable insights for informed decision-making. With our pre-consultation to after-sales services, we uphold top standards to ensure a great client experience.

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