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Global Gift Cards Market Size study & Forecast, by Card Type (Closed-loop Card, Open-loop Card) By End User (Retail Establishment, Corporate Institutions) and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G730E218ACD3EN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Gift Cards Market is valued approximately at USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.7% over the forecast period 2023-2030. Gift Cards are vouchers that contain a specific monetary value and are typically issued by retailers, businesses, or financial institutions. These cards are intended for use as a gift or for personal spending. Instead of making a purchase with cash or credit, the recipient can use the gift card to buy goods or services up to the value stored on the card. The Gift Cards market is expanding because of factors such as rising number of internet users and increased growing adoption of smartphones. Gift cards are popular for various occasions, such as birthdays, holidays, or special events, providing a convenient and flexible way to give someone the freedom to choose their preferred items. As a result, the demand of Gift Cards has progressively increased in the international market during the forecast period 2023-2030.

Internet penetration expands access to online platforms for purchasing and redeeming gift cards. This increased connectivity enables customers to do these transactions from the comfort of their own homes or via mobile devices. The simplicity of buying and redeeming gift cards online, which is not limited by physical locations or operation hours, considerably enhances the entire customer experience. According to the Statista, in 2020 global number of internet users accounts 4585 million and reached reached the value of up to 5300 million in 2022 . Furthermore, in 2023, Northern Europe leads in internet penetration, with an approx. 97.3% of its population actively using the internet followed by Western Europe, reached a substantial internet penetration rate of about 93.5%. Another important factor drivinges the Gift Cards market is increasing adoption of smartphones. As The integration of smartphones has transformed the landscape of gifting with the advent of mobile gift cards or e-gift cards, serving as digital counterparts to traditional gift cards. This innovation empowers consumers to effortlessly purchase, send, and redeem these digital equivalents directly from their smartphones, significantly enhancing the convenience and immediacy of the gifting experience. Smartphones enable the use of mobile gift cards or e-gift cards, which are digital versions of traditional gift cards . Consumers can easily purchase, send, and redeem these digital cards directly through their smartphones, making the process more convenient and immediate. In addition, as per Statista, the global number of smartphone users across the globe accounteds 2670.92 million users in 2020 and are projected to reach up to 6377 million users by the year 2029. Moreover, growing demand for digital gifting options and increasing disposable income is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, limited acceptance of gift cards and threat of data breach and scams is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Gift Cards Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the gGovernment efforts to promote the adoption of digital payments as alternatives to cash in several industries, including corporate organizations, and retail sector in the region. Digital platforms often offer more opportunities for personalization and customization of gift cards. This can include adding personalized messages, images, or even video greetings, enhancing the overall gifting experience and attracting more consumers to choose digital gift cards. The region’s dominant performance is anticipated to propel the overall demand of Gift Cards. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as growth of e-commerce and rise in disposable income in the region. E-commerce platforms make it easy for consumers to purchase and send digital gift cards instantly. This convenience appeals to busy individuals who prefer the ease of online shopping, enhancing the accessibility of gift cards.

Major market player included in this report are:

Paytronix Systems, Inc

Qwikcilver Solutions Pvt Ltd

American Express Company

Walmart Inc

Fiserv, Inc

Givex Corporation

Amazon.com Inc

Blackhawk Network

InComm Payments LLC

PayPal, Inc

Recent Developments in the Market:
  • In December 2023, Pine Labs' Qwikcilver, a leading provider of end-to-end gift card and stored value solutions in Southeast Asia and India, has partnered with foodpanda, to launch foodpanda Gift Cards, an enhanced solution that allows foodpanda customers to easily redeem and cart out purchases. The new Gift Card functionality will be accessible to foodpanda corporate customers initially through 'foodpanda for business', the company's dedicated vertical that provides corporate solutions. The integration of Gift Cards simplifies the administrative process for foodpanda's corporate customers by allowing them to simply purchase and share Gift Cards with their employees through the foodpanda for business portal, allowing them to keep track of prior purchases and spends. Upon order confirmation, recipients will receive their Gift Cards within 24 hours, making it a quick and hassle-free option for businesses to provide employee rewards for any occasion.
Global Gift Cards Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Card Type, End User, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Card Type

Closed-loop Card

Open-loop Card

By End User

Retail Establishment

Corporate Institutions

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Gift Cards Market, by region, 2020-2030 (USD Billion)
  1.2.2. Gift Cards Market, by Card Type, 2020-2030 (USD Billion)
  1.2.3. Gift Cards Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL GIFT CARDS MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL GIFT CARDS MARKET DYNAMICS

3.1. Gift Cards Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising number of internet users
    3.1.1.2. Increased adoption of smartphones
  3.1.2. Market Challenges
    3.1.2.1. Limited acceptance of gift cards
    3.1.2.2. Threat of data breach and scams
  3.1.3. Market Opportunities
    3.1.3.1. Growing demand for digital gifting options
    3.1.3.2. Increasing disposable income

CHAPTER 4. GLOBAL GIFT CARDS MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL GIFT CARDS MARKET, BY CARD TYPE

5.1. Market Snapshot
5.2. Global Gift Cards Market by Card Type, Performance - Potential Analysis
5.3. Global Gift Cards Market Estimates & Forecasts by Card Type 2020-2030 (USD Billion)
5.4. Gift Cards Market, Sub Segment Analysis
  5.4.1. Closed-loop Card
  5.4.2. Open-loop Card

CHAPTER 6. GLOBAL GIFT CARDS MARKET, BY END USER

6.1. Market Snapshot
6.2. Global Gift Cards Market by End User, Performance - Potential Analysis
6.3. Global Gift Cards Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Gift Cards Market, Sub Segment Analysis
  6.4.1. Retail Establishment
  6.4.2. Corporate Institutions

CHAPTER 7. GLOBAL GIFT CARDS MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Gift Cards Market, Regional Market Snapshot
7.4. North America Gift Cards Market
  7.4.1. U.S. Gift Cards Market
    7.4.1.1. Card Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. End User breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Gift Cards Market
7.5. Europe Gift Cards Market Snapshot
  7.5.1. U.K. Gift Cards Market
  7.5.2. Germany Gift Cards Market
  7.5.3. France Gift Cards Market
  7.5.4. Spain Gift Cards Market
  7.5.5. Italy Gift Cards Market
  7.5.6. Rest of Europe Gift Cards Market
7.6. Asia-Pacific Gift Cards Market Snapshot
  7.6.1. China Gift Cards Market
  7.6.2. India Gift Cards Market
  7.6.3. Japan Gift Cards Market
  7.6.4. Australia Gift Cards Market
  7.6.5. South Korea Gift Cards Market
  7.6.6. Rest of Asia Pacific Gift Cards Market
7.7. Latin America Gift Cards Market Snapshot
  7.7.1. Brazil Gift Cards Market
  7.7.2. Mexico Gift Cards Market
7.8. Middle East & Africa Gift Cards Market
  7.8.1. Saudi Arabia Gift Cards Market
  7.8.2. South Africa Gift Cards Market
  7.8.3. Rest of Middle East & Africa Gift Cards Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Paytronix Systems, Inc
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Qwikcilver Solutions Pvt Ltd
  8.3.3. American Express Company
  8.3.4. Walmart Inc
  8.3.5. Fiserv, Inc
  8.3.6. Givex Corporation
  8.3.7. Amazon.com Inc
  8.3.8. Blackhawk Network
  8.3.9. InComm Payments LLC
  8.3.10. PayPal, Inc

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Gift Cards Market, report scope
TABLE 2. Global Gift Cards Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Gift Cards Market estimates & forecasts by Card Type 2020-2030 (USD Billion)
TABLE 4. Global Gift Cards Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 5. Global Gift Cards Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Gift Cards Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Gift Cards Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Gift Cards Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Gift Cards Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Gift Cards Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Gift Cards Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Gift Cards Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Gift Cards Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Gift Cards Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Gift Cards Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Gift Cards Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Gift Cards Market
TABLE 70. List of primary sources, used in the study of global Gift Cards Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Gift Cards Market, research methodology
FIG 2. Global Gift Cards Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Gift Cards Market, key trends 2022
FIG 5. Global Gift Cards Market, growth prospects 2023-2030
FIG 6. Global Gift Cards Market, porters 5 force model
FIG 7. Global Gift Cards Market, pest analysis
FIG 8. Global Gift Cards Market, value chain analysis
FIG 9. Global Gift Cards Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Gift Cards Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Gift Cards Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Gift Cards Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Gift Cards Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Gift Cards Market, regional snapshot 2020 & 2030
FIG 15. North America Gift Cards Market 2020 & 2030 (USD Billion)
FIG 16. Europe Gift Cards Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Gift Cards Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Gift Cards Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Gift Cards Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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