Report Ocean published a new report on the Gift Cards . The study includes an in-depth analysis of regional trends and market growth in North America, Europe, Asia-Pacific, and Middle East Africa. This study report also examines the challenges that are negatively impacting the industry’s growth and outlines a strategy adopted by companies during 2021 to 2030
A gift card is similar to a prepaid debit card that consists of a specific amount of money that can be used for purchasing goods. Many gift cards have certain limit i.e., minimum and maximum initial loading amount. For instance, minimum amount is $10, and maximum is $500. Generally, gift cards are used to pay for a portion of a purchase with cash, debit, or credit to balance the expense.
As a precaution to mitigate the risk of losses, many gift cards are registered online, which allows the remaining balance to be tracked and frozen if a card is lost. Gift cards provide more security as compared to cash and are easily traceable, which can avoid fraudulent activities.
The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2021 to 2030 are viewed as the forecast period.
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Rise in adoption of advance technologies in the payment sector and surge in awareness of digital payment across the globe are major factors that propel the market growth. In addition, high adoption of smartphones and rise in adoption of gift cards by corporate offices & financial institutions further fuel growth of the gift cards market. However, security concerns with respect to gift cards is expected to hamper the market growth. Furthermore, surge in demand for gift cards from developing countries is expected to offer lucrative opportunities for the market in the upcoming years.
The gift cards market is segmented on the basis of card type, end user, and region. In terms of card type, it is divided into closed-loop card and open-loop card. Based on end user, it is bifurcated into retail establishment and corporate institutions. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the market 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.. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key benefits for stakeholders
– The study provides in-depth analysis of the global gift cards market along with the current & future trends to illustrate the imminent investment pockets.
– Information about key drivers, restrains, & opportunities and their impact analysis on the market size are provided in the report.
– Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
– The quantitative analysis of the global gift cards market from 2020 to 2027 is provided to determine the market potential.
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Market Segment Analysis: The document provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, aggressive panorama evaluation, and key regions development reputation. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analysed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.
Key market segments
By Card type
– Closed-loop Card
– Open-loop Card
By End User
– Retail Establishment
– Corporate Institutions
– North America
o Nordic Countries
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
Key market players
– 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.
– Walmart Inc.
Major Points Covered in TOC:
Market Overview: It consists of six sections, research scope, extensive makers blanketed, marketplace fragments via type, Market place portions by utility, study desires, and years considered.
Market Landscape: Here, the opposition within the Worldwide Market is dissected, by fee, profits, offers, and piece of the pie by means of agency, marketplace fee, cutthroat situations Landscape, and maximum recent patterns, consolidation, improvement, obtaining, and portions of the general industry of pinnacle agencies.
Market Status and Outlook via Region: In this phase, the report examines approximately internet part, deals, earnings, advent, portion of the general industry, CAGR, and marketplace size by means of locale. Here, The Global Market is profoundly tested primarily based on regions and nations like North America, Europe, China, India, Japan, and the MEA.
Application or End User: This segment of the exploration looks at suggests how remarkable cease-consumer/software sections add to the worldwide market.
Market Forecast: Production Side: In this piece of the record, the creators have zeroed in on creation and advent esteem conjecture, key makers gauge, and creation and creation esteem estimate with the aid of type.
Research Findings and Conclusion: This is one of the last segments of the document where the discoveries of the investigators and the end of the exploration study are given.
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Targets of Market Report:
Characterize, depict and conjecture 2030, by type, application, end client and district.
Give venture outside climate examination and PESTEL investigation.
Give systems to organization to manage the effect of COVID-19.
Give market dynamic investigation, including market driving variables, market advancement requirements.
Give market passage technique examination to new players or players who are prepared to enter the market, including market section definition, client investigation, circulation model, item informing and situating, and cost system investigation.
Stay aware of global market drifts and give examination of the effect of the COVID-19 plague on significant districts of the world.
Examine the market chances of partners and give market pioneers subtleties of the serious scene.
The report conveys an exhaustive investigation of the relative multitude of portions and offers data with respect to the main districts on the lookout. This report additionally states import/send out utilization, organic market Figures, cost, industry share, strategy, value, income, and gross edges.
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