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Gift Cards Market by Card Type and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5125524
  • Report
  • May 2020
  • Region: Global
  • 205 pages
  • Allied Analytics LLP

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FEATURED COMPANIES

  • Amazon.com Inc.
  • American Express
  • First Data Corporation
  • Fiserv Inc.
  • NGC US LLC
  • Paytronix Systems Inc
  • MORE
A gift card is similar to a prepaid debit card that consists of a specific amount of money available that can be used for purchasing goods. Many gift cards have certain limit i.e. minimum and maximum initial loading amount, for example the minimum amount is $10 and maximum is $500. In most of the cases, gift cards are used to pay for a portion of a purchase with cash, debit or credit in order 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 activity.

Rise in adoption of advance technology in the payment sector and A surge in awareness of digital payment across the globe drives the growth of the market. In addition, high adoption of smartphones and a rise in adoption of gift cards by corporate offices and financial institutions fuels the growth of the market. However, security concerns in respect to gift cards can hamper the growth of the market. Furthermore, A surge in demand for gift cards from developing countries offers lucrative opportunities for the market growth globally.

The gift cards market is categorized on the basis of card type, end user and region. Depending on card type, the market is classified into open loop gift card and closed loop gift card. By End User, the market is analyzed across retail establishments and corporate institutions. By Region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA, along with its prominent countries.

The key players profiled in the gift cards market analysis are Amazon.com, 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.

KEY BENEFITS FOR STAKEHOLDERS
  • The study provides an in-depth analysis of the global gift cards market forecast along with the current & future gift cards market trends to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the global market is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the gift cards market.
  • The quantitative analysis of the gift cards market share for the period 2019–2027 is provided to determine the gift cards market potential.
KEY MARKET SEGMENTS

BY Type
  • Open Loop Gift Card
  • Closed Loop Gift Card
By End User
  • Retail Establishments
  • Corporate Institutions
By Region
  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Netherlands
  • Spain
  • Italy
  • Nordic Countries
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY PLAYERS
  • Amazon.com, Inc.
  • American Express
  • Blackhawk Network Holdings, Inc.
  • First Data Corporation
  • Fiserv, Inc.
  • Givex Corporation
  • InComm Inc.
  • Qwikcilver Solutions Pvt Ltd
  • NGC US, LLC
  • Paytronix Systems, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amazon.com Inc.
  • American Express
  • First Data Corporation
  • Fiserv Inc.
  • NGC US LLC
  • Paytronix Systems Inc
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. CXO Perspective

Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power Among Buyers
3.4. Market Share Analysis/Top Player Positioning
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities

Chapter 4: Gift Cards Market, by Card Type
4.1. Overview
4.2. Open Loop Gift Card
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis by Country
4.3. Closed Loop Gift Card
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis by Country

Chapter 5: Gift Cards Market, by End-user
5.1. Overview
5.2. Retail Establishments
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis by Country
5.3. Corporate Institutions
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis by Country

Chapter 6: Gift Cards Market, by Region
6.1. Overview
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, by Card Type
6.2.3. Market Size and Forecast, by End-user
6.2.4. Market Size and Forecast, by Country
6.2.5. U. S. Gift Cards Market
6.2.5.1. Market Size and Forecast, by Card Type
6.2.5.2. Market Size and Forecast, by End-user
6.3.12. Canada Gift Cards Market
6.2.6.1. Market Size and Forecast, by Card Type
6.2.6.2. Market Size and Forecast, by End-user
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, by Card Type
6.3.3. Market Size and Forecast, by End-user
6.3.4. Market Size and Forecast, by Country
6.3.5. UK Gift Cards Market
6.3.5.1. Market Size and Forecast, by Card Type
6.3.5.2. Market Size and Forecast, by End-user
6.3.6. Germany Gift Cards Market
6.3.6.1. Market Size and Forecast, by Card Type
6.3.6.2. Market Size and Forecast, by End-user
6.3.7. France Gift Cards Market
6.3.7.1. Market Size and Forecast, by Card Type
6.3.7.2. Market Size and Forecast, by End-user
6.3.8. Netherlands Gift Cards Market
6.3.8.1. Market Size and Forecast, by Card Type
6.3.8.2. Market Size and Forecast, by End-user
6.3.9. Spain Gift Cards Market
6.3.9.1. Market Size and Forecast, by Card Type
6.3.9.2. Market Size and Forecast, by End-user
6.3.10. Italy Gift Cards Market
6.3.10.1. Market Size and Forecast, by Card Type
6.3.10.2. Market Size and Forecast, by End-user
6.3.11. Nordic Countries
6.3.11.1. Market Size and Forecast, by Card Type
6.3.11.2. Market Size and Forecast, by End-user
6.3.12. Rest of Europe Gift Cards Market
6.3.12.1. Market Size and Forecast, by Card Type
6.3.12.2. Market Size and Forecast, by End-user
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, by Card Type
6.4.3. Market Size and Forecast, by End-user
6.4.4. Market Size and Forecast, by Country
6.4.5. China Gift Cards Market
6.4.5.1. Market Size and Forecast, by Card Type
6.4.5.2. Market Size and Forecast, by End-user
6.4.6. India Gift Cards Market
6.4.6.1. Market Size and Forecast, by Card Type
6.4.6.2. Market Size and Forecast, by End-user
6.4.7. Japan Gift Cards Market
6.4.7.1. Market Size and Forecast, by Card Type
6.4.7.2. Market Size and Forecast, by End-user
6.4.8. Australia Gift Cards Market
6.4.8.1. Market Size and Forecast, by Card Type
6.4.8.2. Market Size and Forecast, by End-user
6.4.9. South Korea
6.4.9.1. Market Size and Forecast, by Card Type
6.4.9.2. Market Size and Forecast, by End-user
6.3.12. Rest of Asia-Pacific Gift Cards Market
6.4.10.1. Market Size and Forecast, by Card Type
6.4.10.2. Market Size and Forecast, by End-user
6.5. LAMEA
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, by Card Type
6.5.3. Market Size and Forecast, by End-user
6.5.4. Market Size and Forecast, by Country
6.5.5. Latin America Gift Cards Market
6.5.5.1. Market Size and Forecast, by Card Type
6.5.5.2. Market Size and Forecast, by End-user
6.5.6. Middle East
6.5.6.1. Market Size and Forecast, by Card Type
6.5.6.2. Market Size and Forecast, by End-user
6.3.12. Rest of LAMEA Gift Cards Market
6.5.7.1. Market Size and Forecast, by Card Type
6.5.7.2. Market Size and Forecast, by End-user

Chapter 7: Company Profiles
7.1. Amazon. Com, Inc.
7.1.1. Company Overview
7.1.2. Key Executives
7.1.3. Company Snapshot
7.1.4. Operating Business Segments
7.1.5. Product Portfolio
7.1.6. Business Performance
7.1.7. Key Strategic Moves and Developments
7.2. America Express
7.2.1. Company Overview
7.2.2. Key Executives
7.2.3. Company Snapshot
7.2.4. Operating Business Segments
7.2.5. Product Portfolio
7.2.6. Business Performance
7.2.7. Key Strategic Moves and Developments
7.3. Blackhawk Network Holdings, Inc.
7.3.1. Company Overview
7.3.2. Key Executives
7.3.3. Company Snapshot
7.3.4. Operating Business Segments
7.3.5. Product Portfolio
7.3.6. Business Performance
7.3.7. Key Strategic Moves and Developments
7.4. First Data Corporation
7.4.1. Company Overview
7.4.2. Key Executives
7.4.3. Company Snapshot
7.4.4. Operating Business Segments
7.4.5. Product Portfolio
7.4.6. Business Performance
7.4.7. Key Strategic Moves and Developments
7.5. Fiserv, Inc.
7.5.1. Company Overview
7.5.2. Key Executives
7.5.3. Company Snapshot
7.5.4. Operating Business Segments
7.5.5. Product Portfolio
7.5.6. Business Performance
7.5.7. Key Strategic Moves and Developments
7.6. Givex Corporation
7.6.1. Company Overview
7.6.2. Key Executives
7.6.3. Company Snapshot
7.6.4. Operating Business Segments
7.6.5. Product Portfolio
7.6.6. Business Performance
7.6.7. Key Strategic Moves and Developments
7.7. Incomm Inc.
7.7.1. Company Overview
7.7.2. Key Executives
7.7.3. Company Snapshot
7.7.4. Operating Business Segments
7.7.5. Product Portfolio
7.7.6. Business Performance
7.7.7. Key Strategic Moves and Developments
7.8. Qwikcilver Solutions Pvt Ltd
7.8.1. Company Overview
7.8.2. Key Executives
7.8.3. Company Snapshot
7.8.4. Operating Business Segments
7.8.5. Product Portfolio
7.8.6. Business Performance
7.8.7. Key Strategic Moves and Developments
7.9. Ngc Us, LLC
7.9.1. Company Overview
7.9.2. Key Executives
7.9.3. Company Snapshot
7.9.4. Operating Business Segments
7.9.5. Product Portfolio
7.9.6. Business Performance
7.9.7. Key Strategic Moves and Developments
7.10. Paytronix SysteMS, Inc.
7.10.1. Company Overview
7.10.2. Key Executives
7.10.3. Company Snapshot
7.10.4. Operating Business Segments
7.10.5. Product Portfolio
7.10.6. Business Performance
7.10.7. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Amazon.com Inc.
  • American Express
  • First Data Corporation
  • Fiserv Inc.
  • NGC US LLC
  • Paytronix Systems Inc
  • MORE
The report, titled, 'Gift cards Market by Card Type, and End User: Opportunity Analysis and Industry Forecast, 2020-2027' projects that the global gift cards market size was valued at $619.25 billion in 2019, and is projected to reach $1,922.87 billion by 2027, growing at a CAGR of 14.9% from 2020 to 2027. North America is the highest revenue contributor across the globe; owing to increase in government initiatives for the adoption of digital payments alternatives for cash in many sectors such as hospitality, banking, corporate institutions, and retailers.

Technological innovations in product offerings, rise in adoption of digital gift cards by the retail industry in the U.S. and Canada and promotion of gift card programs through omnichannel, provides gift cards that can be availed through store locations, offering online ordering with physical card delivery, online app/mobile app ordering with digital delivery and high adoption of smartphones are driving the gifts card market growth. Furthermore, North America has one of the most advanced and well-established payment infrastructures globally, which has been driving the gift cards market trends in the region. Moreover, the gift card vendors have started investing in Asia-Pacific region, owing to improved ICT infrastructure in majority of the countries such as China, India, Malaysia, Australia, and Japan, which is creating lucrative opportunities for the gift cards market in Asia-Pacific region.

Gift cards have become more innovative with the rapid evolution of smart phones. The use of modern technology and marketing strategies has created different ways for gift card lovers and smartphone users to integrate everything into one convenient package. The increased adoption of smart phones is expected to boost the gift cards market by offering flexible & convenient way of payment for the customers. For instance, Gyft that is available on iPhone and Android is one of the most popular solutions. Users can load their gift cards into the app and use whenever they’re out shopping. In addition, occasion-based gifting, personalized gifting, festive season gifting, and corporate gifting support the growth. Moreover, the presence of number of e-commerce giants such Amazon, e-bay, and Alibaba has also been impacting the gift cards market growth in a positive manner.

The closed loop gift card segment is expected to garner a significant share during the forecast period. As the closed loop gift cards can be used only at one store or with one corporate brand, it ensures that the recipients returning business them in the future. However, the open loop prepaid card segment is expected to grow at the highest rate during the forecast period, owing to its wider acceptance in every place such as general purpose cards. By end user, the retail establishments segment accounted for the major share in global gift cards industry in the recent years.

Key Findings of the Study:

By card type, the open loop gift card segment is expected to attain the highest CAGR during the forecast period.
By end user, the retail establishments segment accounted for the highest gift cards market share in 2019.
By region, North America generated the highest revenue in 2019.
By region, Asia-Pacific is expected to attain the highest CAGR during the forecast period.

The major companies profiled in the gift cards market include Amazon.com, 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.
Note: Product cover images may vary from those shown
  • Amazon.com Inc.
  • American Express
  • Blackhawk Network Holdings Inc.
  • First Data Corporation
  • Fiserv Inc.
  • Givex Corporation Inc.mm Inc.
  • NGC US LLC
  • Qwikcilver Solutions Pvt Ltd.
  • Paytronix Systems Inc
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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