According to the report, Change in Personal Buying Behaviours and Increasing Purchasing Power of the Millennials
is one of the primary growth factors for the market. Growing Market of E-Commerce in India
is also expected to contribute significantly to the India Online Gifting market. Overall, Festive
applications of India Online Gifting, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the India India Online Gifting market identified that the demand is rising in many different parts of the world as "Change in Gifts and Gifting Styles are Subject to a Continuous Chain of Changes Every Decade and it is the Online Gifting Industry that will pounce on this Opportunity". Furthermore, some recent industry insights like "On 18th January 2022, Sweets N Petals empowers its customers with the best inaugural offers as well as complete gifting ranges. The online gifting website offers all its customers up to 25% inaugural discount offers, some additional discount offers on completing payment within a stipulated time, and many more attractions. Furthermore, the website is currently offering the lowest price guarantee or match the price offer and also the lowest delivery charges in the industry. Sweets N Petals also offers a completely safe delivery experience through a rigorous well-sanitized process, combined with some other safety steps like temperature check of their employees, compulsion of wearing gloves and masks, and maintaining safe distances through contactless delivery." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the India India Online Gifting market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the India Online Gifting market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall India Online Gifting market size is calculated using market estimation process, the India Online Gifting market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the India India Online Gifting market size has been validated using both top-down and bottom-up approaches.