Gift Card Market Competitive Research, Demand and Precise Outlook 2021-2030

The Global Gift Card Market size was valued at USD 615.34 billion in 2019 and is predicted to reach USD 2097.13 billion by 2030, with a CAGR of 11.7% from 2020-2030.

Access Full Description of this report at:–

https://www.nextmsc.com/report/gift-card-market

Competitive Landscape

The gift card market, which is highly competitive consists of various market player such as National Gift Card Corp., First Data Corporation, Fidelity National Information Services, Inc., Blackhawk Network Holdings, Inc., Qwikcilver Solutions Pvt. Ltd., Duracard, TransGate Solutions, DOCUMAX INC., TenderCard, and Plastek Card Solutions, Inc. among others.

The key players are employing strategies such as collaboration, capacity expansion, mergers, and acquisition in-order to gain stronger position in the global gift card market.

For instance, in January 2020, the National Gift Card Corp. (NGC), one of the major players in the gift card market, announced its facility expansion, by opening a new office in Holland, Michigan, and appointing nine new software engineers, to cater the growing demand of NGC's gift card technology solutions.

In the same month, Union Bank collaborated with Fidelity National Information Services, Inc., (FIS global), to develop a digitally advanced core banking platform for its clients. With this collaboration, Union Bank aims at co-developing and co-engineering its finance & banking platform, with FIS’s next-generation digital banking solution, thereby phasing a new era for digital banking solutions and stimulating the growth of global gift card market.

Furthermore, in February 2020, FIS global announced its partnership with PayPal, enabling the cardholders of the US financial institutions, participating in the FIS Premium Payback Network, to redeem their loyalty points for purchase at millions of PayPal channels world-wide.

Request sample copy of this report at:-

https://www.nextmsc.com/gift-card-market/request-sample

Market Segmentations and Scope of the Study:

The global gift card market share has been analyzed based on product, end user, and geography.

Based on product, the gift card market is segmented into universal accepted open loop, e-gifting, restaurant closed loop, retail closed loop, and miscellaneous closed loop. Based on end user, the gift card market is divided into retail and corporate institutions. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America demonstrates a developed market, and is expected to maintain its dominance in the global gift card market, throughout the forecast period, accounting for the highest market share. This is attributed to presence of advanced telecommunication networks, key market players and well-established hospitality infrastructures in this region.

Asia Pacific region is expected to grow with the highest CAGR values, throughout the forecast period, representing a substantial growth in the global gift card market. This is due to increasing penetration of smart-gadgets, increasing per-capita income, growing e-commerce business, and most importantly, increasing government initiatives encouraging digital payment methods, specifically in the emerging economies.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.