Gift Cards Market will be growing at a CAGR of 11.5% during the forecast 2020 to 2028

The Global Gift Cards Market was $750 Bn in 2020, and it is expected to reach $1,787 Bn by 2028. It is eventually growing at a commendable high compound of annual growth rate CAGR of 11.5% between 2020–2028”, as per the latest market research report titled Global Gift Cards Market(By Card Type — Open Loop Gift Card, and Closed Loop Gift Card. By Distribution Channel — Online Retail, Supermarkets and hypermarkets, Corporates, Financial institutions, Restaurant and hotels, Specialty Stores and others (airports, colleges, and many more). By offers — Hospitality, App subscriptions, Entertainment, online shopping, discount shopping and others. By Geography — North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) — Global industry analysis, size, share, growth, trends, and forecast, 2020–2028

Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/gift-cards-market-21

A gift card is known as a value card that is utilized as an alternate source of money for buying products and services at any particular retail or online store. It is also known as a gift voucher, gift certificate, gift token, and others. These gift vouchers are generally issued by a retailer or bank as a promotional strategy to attract a new customer base, increase brand awareness, and increase sales. The rising use of e-commerce, digital payment system facilitates consumers to manage, track, and redeem these gifts or voucher card. However, numerous types of fees associated with card transaction and lack of security measures for online transactions are some of the market restraining factors affecting the market in the forecast period. Apart from this, the rapid rise in demand for Gift cards from emerging economies is projected to offer a lucrative opportunity for the market growth in the forecast timeline from 2020 to 2028.

Geographically, The Gift Cards Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.

The primary key players in the Gift Cards Market include Amazon.com, Inc., Walmart, Inc, American Express, Blackhawk Network Holdings, Inc., First Data Corporation, Fiserv, Inc., Givex Corporation, InComm Inc., NGC US, LLC, Qwikcilver Solutions Pvt Ltd., and Paytronix Systems, Inc.

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The Global Gift Cards Market Has Been Segmented into:

By Card Type

  • · Open loop gift card
  • · Closed loop gift card

By Distribution Channel

  • · Online retail
  • · Supermarkets and hypermarkets
  • · Corporates
  • · BFSI
  • · Restaurant and hotels
  • · Specialty stores
  • · Others (airports, colleges, and many more)

By Offers

  • · Hospitality
  • · App subscriptions
  • · Entertainment
  • · Online shopping
  • · Discount shopping
  • · Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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