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.
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
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Gift Card Market Scope and Market Size
The global gift card market is being driven by the use of gift cards as a business tactic, which is expected to drive market growth. Moreover, the extensive social trend of giving online gifts is potentially expected to boost the market growth. However, exploitative gift card practices such as redemption and latency fees are expected to restrain the market growth.
Most gift cards have a service life of up to a few years and are intended for short- to medium-amount purchases. Despite a wide preference for gift cards, a few issues associated with security are also there. With the increasing amount of revenue generated from using stored value cards or gift cards, the security problems associated with gift cards are also increasing, such as hacking issues and lack of security for the money.
Key Players: Gift Card Market
Walmart Inc., Under Armour, Inc., Givex Corporation, American Express, Target Brands, Inc., Best Buy, Starbucks Coffee Company, PayPal Holdings, Inc., Apple Inc.,
MAJOR TOC OF THE REPORT
Chapter One: Gift Card Market Overview
Chapter Two: Gift Card Gift Card Market competition, by Players
Chapter Four: Global Gift Card Market Size by Regions
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Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Patch Based Wound Healing Products Market
Analysis of market effect factors and their impact on the forecast and outlook of the Gift Card Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Patch Based Wound Healing Products Market
Key Questions Answered in Report:
What will the Gift Card Market Demand and what will be Growth?
What are the latest opportunities for Gift Card Market in the future?
What are the strengths of the key players?
Which region accounted for the largest Gift Card Market share?
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