Digital Gift Card Trends and Forecast
The future of the global digital gift card market looks promising with opportunities in the consumer goods, health wellness, restaurants and bar, travel and tourism, media and entrainment markets. The global digital gift card market is expected to grow with a CAGR of 16.0% from 2024 to 2030. The major drivers for this market are rise in the payments industryÄX%$%Xs use of cutting-edge technology, increase in knowledge about digital payments worldwide, along with the explosion in smartphone adoption and rise in gift card use among financial institutions and companies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Digital Gift Card by Segment
The study includes a forecast for the global digital gift card by channel, transaction type, application, end use, and region.
Digital Gift Card Market by Channel [Shipment Analysis by Value from 2018 to 2030]:
• Brick and Mortor
• Digital
Digital Gift Card Market by Transaction Type [Shipment Analysis by Value from 2018 to 2030]:
• B2B
• B2C
Digital Gift Card Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Consumer Goods
• Health and Wellness
• Restaurants and Bars
• Travel and Tourism
• Media and Entertainment
• Others
Digital Gift Card Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Retail Establishments
• Corporate Institutions
Digital Gift Card Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Digital Gift Card Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies digital gift card companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the digital gift card companies profiled in this report include-
• Apple
• Loop Commerce
• PayPal Holdings
• Blackhawk Network
• Walmart
• NGC
• InComm Payments
• Target Brands
• Amazon.com
• Fiserv
Digital Gift Card Market Insights
Lucintel forecasts that digital card will remain the larger segment over the forecast period due to robust internet connectivity and the widespread adoption of mobile devices.
Within this market, consumer good will remain the largest segment.
North America is expected to witness highest growth over the forecast period due to increase in demand for digital gift cards, rapid digitization and a sharp increase in the use of smart devices in the region.
Features of the Global Digital Gift Card Market
Market Size Estimates: Digital gift card market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Digital gift card market size by various segments, such as by channel, transaction type, application, end use, and region in terms of value ($B).
Regional Analysis: Digital gift card market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different channel, transaction type, application, end use, and regions for the digital gift card market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the digital gift card market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for digital gift card market?
Answer: The global digital gift card market is expected to grow with a CAGR of 16.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the digital gift card market?
Answer: The major drivers for this market are rise in the payments industryÄX%$%Xs use of cutting-edge technology, increase in knowledge about digital payments worldwide, along with the explosion in smartphone adoption and rise in gift card use among financial institutions and companies.
Q3. What are the major segments for digital gift card market?
Answer: The future of the global digital gift card market looks promising with opportunities in the consumer goods, health wellness, restaurants and bar, travel and tourism, media and entrainment markets.
Q4. Who are the key digital gift card market companies?
Answer: Some of the key digital gift card companies are as follows:
• Apple
• Loop Commerce
• PayPal Holdings
• Blackhawk Network
• Walmart
• NGC
• InComm Payments
• Target Brands
• Amazon.com
• Fiserv
Q5. Which digital gift card market segment will be the largest in future?
Answer: Lucintel forecasts that digital card will remain the larger segment over the forecast period due to robust internet connectivity and the widespread adoption of mobile devices.
Q6. In digital gift card market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increase in demand for digital gift cards, rapid digitization and a sharp increase in the use of smart devices in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the digital gift card market by channel (brick and mortor and digital), transaction type (B2B and B2C), application (consumer goods, health and wellness, restaurants and bars, travel and tourism, media and entertainment, and others), end use (retail establishments and corporate institutions), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Digital Gift Card Market, Digital Gift Card Market Size, Digital Gift Card Market Growth, Digital Gift Card Market Analysis, Digital Gift Card Market Report, Digital Gift Card Market Share, Digital Gift Card Market Trends, Digital Gift Card Market Forecast, Digital Gift Card Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.