The Global Digital Gift Card Market 2021-2027 Industry research report presents accurate information and comprehensive analysis of market size, market share, recent trends, industry growth, Key players, distributors and dealers. The report also comprises a discussion of the Covid-19 Pandemic Impact & recovery, opportunities and strategies to boost growth.
Digital Gift Card Market 2021-2027 Industry report offers facts and numbers regarding the market size, revenue forecast, and geographical landscape of the Digital Gift Card Market. The research report on Digital Gift Card Market Industry, provides in-depth analysis of the factors influencing the global business scope. Digital Gift Card Market research report shows the recent developments, current situation analysis and breakdown of the products and services. The report offers key statistics on the market status, size, share, growth factors of Digital Gift Card Market. The report includes key player’s data, such as revenue, sales, competitive landscape, and global market share of top Key players.
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Digital gift cards, also referred as e-gift cards, vouchers, and gift certificates, are the electronic versions of regular gift cards which are generally issued by retailers. These cards operate by using gift codes offered by retailers & it can be delivered via e-mails or mobile-based applications. These are basically offered by merchant establishment, banks, and big organization of a particular product/ service in the form of a festival offer.
The increase in penetration of smartphones along with the affordable data plans has raised the adoption of m-Commerce is expected to boost the global digital gift card market growth. Consumers are rapidly downloading the mobile apps like Amazon, Flipkart, and eBay for online shopping as it offers the ability to browse more quickly & easily make purchases on-the-go will increase the number of consumers using online purchases which expected to drive the market growth of digital gift cards during this forecast period.
The increasing popularity of e-commerce that allow the users to gift cards easily & exploring more products with easy purchases is anticipated to propel the market growth. Also, online payment provides consumers to choose between digital & physical gift cards during online purchases. Easy purchasing option for card online is another major driving factor which expected to fuel the digital gift card market growth. The increase in number of social media platform like Facebook, Instagram, and Pinterest, where users can sell products directly to customers via their social media account, without need of third-party and some media platforms have also started selling gift cards. This factor is estimated to create lucrative growth opportunity to the market of the digital gift card.
The increase in fraud cases around the world are expected to hinder the global digital gift card market growth. Digital gift card fraud composed of cloning and programming errors at the merchant end & other scams like “Card Not Present” scam is also prevalent, where cybercriminals record the numbers on the card and keep the track on cards whether it has been activated & once the card is activated, the thief can easily use the card number illegally to make purchases.
Market Key Players
Various key players are listed in this report such as Amazon.com Inc., American Express Company, Blackhawk Network Holdings Inc., First Data Corporation, Fiserv Inc., Givex Corporation, InComm Inc., Paytronix Systems Inc., Qwikcilver Solutions Pvt Ltd (Pine Labs), Adobe Systems Inc., etc.
By Card Type
- Open loop gift card
- Closed loop gift card
By Business Type
- Business to Business
- Business to Consumer
- Food & Beverage
- Health, Wellness, and Beauty
- Apparel, Foot Wear and Accessories
- Books and Media Products
- Consumer Electronics
- Restaurants & Bars
- Kids Products
By End User
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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