Digital Gift Cards Market to Reach $1101.03 Billion, Globally, by 2030 at 15.8% CAGR: Allied Market Research

PORTLAND, Ore., Nov. 10, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Digital Gift Card Market by Functional Attribute (Open-Loop Card and Closed-Loop Card), End User (Retail and Corporate) and Application (Consumer Goods, Health & Wellness, Restaurants & Bars, Travel & Tourism, Media & Entertainment and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". According to the report, the global digital gift cards industry generated $258.34 billion in 2020, and is anticipated to generate $1101.03 billion by 2030, witnessing a CAGR of 15.8% from 2021 to 2030.

Prime determinants of growth

Rise in demand for advanced payment solutions, high adoption rate of smartphones, and increase in demand for innovative products drive the growth of the global digital gift cards market. However, Lack of security hinders the market growth. On the other hand, surge in demand for digital gift cards from developing countries presents new opportunities in the coming years.

Download Sample Report (Get Full Insights in PDF - 290 Pages) @ https://www.alliedmarketresearch.com/request-sample/10355

Covid-19 Scenario

• The outbreak of the Covid-19 pandemic has had a positive impact on the global digital gift cards market, owing to increase in adoption of digital gift cards among businesses.
• Moreover, the overall gift card industry witnessed high growth during the COVID-19 pandemic, as governments across several regions imposed new regulations to accelerate growth of electronic payments in respective countries.

The retail segment to maintain its leadership status throughout the forecast period

Based on end user, the retail segment held the highest market share in 2020, accounting for three-fifths of the global digital gift cards market, and is estimated to maintain its leadership status throughout the forecast period. This is due to increase in consumers trends & preferences toward shopping at the retail store fuels. However, corporate segment is projected to manifest the highest CAGR of 17.2% from 2021 to 2030, owing to increase in awareness among the business owner to deliver gift cads to their employees.

Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/10355

The consumer goods segment to maintain its lead position during the forecast period

Based on application, the consumer goods segment accounted for the largest share in 2020, contributing to more than one-fourth of the global digital gift cards market, and is projected to maintain its lead position during the forecast period. This is due to availability of large number of digital payment technology among the people to accept gift card digitally. Moreover, the travel & tourism segment is expected to portray the largest CAGR of 19.2% from 2021 to 2030, owing to meet the requirements of the travelers by allowing access to a vast array of choices to many destinations.

North America to maintain its dominance by 2030

Based on region, North America held the highest market share in terms of revenue 2020, accounting for more than two-fifths of the global digital gift cards market. This is due to rise in popularity of corporate gifting cultures during special occasions, such as birthdays, incentives, festivals, etc. However, the Asia-Pacific region is expected to witness the fastest CAGR of 17.2% from 2021 to 2030, owing to surge in adoption of these cards for online purchases, traveling, and distribution among children as cash alternative.

Get detailed COVID-19 impact analysis on the Digital Gift Card Market @ https://www.alliedmarketresearch.com/request-for-customization/10355?reqfor=covid

Leading Market Players:-

• Amazon.com, Inc.
• Apple, Inc.
• Blackhawk Network Holdings, Inc.
• Fiserv, Inc.
• InComm Payments
• Loop Commerce, Inc.
• National Gift Card Corporation
• PayPal Holdings, Inc.
• Target Brands, Inc.
• Walmart Inc.

Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access  

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:

https://www.alliedmarketresearch.com/avenue/trial/starter  

Similar Reports:

Italy gift cards market size is projected to reach $18.26 billion by 2028

Gift Cards Market Size Is Projected To Reach $2,076.51 Billion By 2027

Fuel Cards Market Size Is Projected To Reach $1,210.01 Billion By 2027 

Prepaid Card Market Size Is Projected To Reach $6.87 Trillion By 2030

European Economic Area (Eea) Prepaid Card Market Size Is Projected To Reach $500.2 Billion By 2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected] 
Web: https://www.alliedmarketresearch.com  
Follow Us on LinkedIn and Twitter

SOURCE Allied Market Research