According to the report, Rapid Expansion of Digital E-Commerce and Digitalization
is one of the primary growth factors for the market. An Increase in Demand for Advanced Payment Options
is also expected to contribute significantly to the Shopping eGift Cards market. Overall, Consumer Goods
applications of Shopping eGift Cards, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models a trend that will continue in the future.
AMAs Analyst on the Global Shopping eGift Cards Market identified that the demand is rising in many different parts of the world due to "Increase in Demand for Digital Gift Cards in Emerging Economies". Furthermore, some recent industry insights like "In July 2022, Cardless, a company that develops financial technologies, disclosed a new partnership with American Express. The collaboration enables some of the most well-known companies in the nation, including shops and travel agencies, to seamlessly issue digital-only cards using the Cardless platform, supported by the advantages, deals, and security of the American Express network." is constantly making the industry dynamic. One of the challenges that industry facing is "E-Gift cards cannot be used in every store and Gift Card has Expiry Date"
The Distribution Channels, such as E-Gift Card Issuer, is boosting the Shopping eGift Cards market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End-User, such as Retail, is boosting the Shopping eGift Cards market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
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 Global Shopping eGift Cards 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
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 Shopping eGift Cards market and other related sub-markets covered in the study.
o Key & emerging players in the Shopping eGift Cards 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 Shopping eGift Cards market size is calculated using market estimation process, the Shopping eGift Cards 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 Global Shopping eGift Cards market size has been validated using both top-down and bottom-up approaches.