Title: Gift Cards Market Size, Share | Competitor Strategies & Trends by 2027
Headings: Gift Cards Market by Card Type (Closed-Loop Card and Open-Loop Card) and End User (Retail Establishment and Corporate Institutions): Global Opportunity Analysis and Industry Forecast, 2020–2027
Gift Cards Market by Card Type (Closed-Loop Card and Open-Loop Card) and End User (Retail Establishment and Corporate Institutions): Global Opportunity Analysis and Industry Forecast, 2020–2027
COVID-19
Pandemic disrupted the entire world and affected many industries.
Gift Cards Market Outlook - 2027
Segment review
Gift Cards Market
By Card Type
Closed-loop Card is projected as one of the most lucrative segments.
COVID-19 impact analysis
Top impacting factors
High adoption rate of smartphones
Gift Cards Market
By End User
Retail Establishment accounted for the largest market share in 2019.
Lack of security
Surge in demand for gift cards from developing countries
Gift Cards Market
By Region
Asia-Pacific would exhibit the highest CAGR of 17.8% during 2020-2027.
Key benefits for stakeholders
Key market segments
By Card type
By End User
By Region
Key market players
Q1. What is the market share of Gift Cards Market?
Q2. What factors are anticipated to drive Gift Cards Market trends?
Q3. How can I get report sample of Gift Cards Market report?
Q4. Who are the potential customers of Gift Cards Market?
Q5. Which are the leading players in Gift Cards Market?
Q6. How can I get company profiles on top ten players of Gift Cards market?
Q7. Which region is and will provide more business opportunities for Gift Cards in future?
Q8. What are the key growth strategies of Gift Cards industry players?
Q9. How large is my target market?
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Content: Gift cards, also known as gift certificates, gift vouchers, or gift tokens, are generally issued by a retailer or bank. In addition, gift cards are used as a developmental strategy for promoting businesses, attract new customers, increase brand awareness, reduce fraud, and improve business sales. Moreover, a gift card can be utilized as an alternative source for money at a particular store or business store for purchases related to goods or services. Get more information on this report : Request Sample Pages
Consistent connection of consumers with shopping, owing to rapid growth in digital commerce and increase in number of new technologies that provide customers with innovative & seamless payment options are the major growth factors for the market growth. In addition, ongoing technological innovations in gift cards enable high sales in companies by making their product offerings more unique & attractive, therefore, propels the gift cards market growth. However, ensuring secure management & privacy of consumer data is one of the major factors that limit the market growth. Conversely, developing economies offer significant opportunities for gift card solution providers to expand & develop their offerings, especially among emerging economies such as Australia, China, India, Singapore, and South Korea. In addition, technological advancements associated with payment solutions and increase in demand for branded products are expected to provide lucrative opportunities during the forecast period. The closed-loop gift card segment dominated the gift cards market in 2019, and is projected to maintain its dominance during the forecast period.