Global Shopping eGift Cards Market Overview:
A gift card is a stored value card that may be used instead of cash at a specific store or company store to make purchases of products and services. Digital gift cards are frequently used in development plans to promote enterprises, raise brand awareness, cut down on fraud, and draw in new clients. Because of this, these cards are widely used in a variety of industries, including as food and beverage, retail, hospitality, consumer electronics, and others. The market's expansion is driven by the quickening pace of digital e-commerce and the digitalization of merchants and issuers in order to provide customers with cutting-edge and convenient payment choices.
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- An Increase in Demand for Advanced Payment Options
- High Smartphone Adoption Rate
- Growing Interest in Cutting-Edge Items
- Increase in Demand for Digital Gift Cards in Emerging Economies
- E-Gift cards cannot be used in every store
- Gift Card has Expiry Date
Global Shopping eGift Cards is a consolidated market due to the presence of major players in United States. The players are focusing on investing more in development. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Amazon.com, Inc. (United States), Apple Inc. (United States), Blackhawk Network Holdings, Inc. (United States), Fiserv, Inc. (United States), InComm Payments (United States), Loop Commerce, Inc. (United States), National Gift Card Corporation (United States), PayPal Holdings, Inc. (United States), Target Brands, Inc. (United States), Walmart (United States), PayTm (India), Openbucks (United States), Swile (France) and Snappy (United States). Additionally, following companies can also be profiled that are part of our coverage like LydiaBot (France), HUBUC (Spain), QwikCilver (India) and Cardless (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Shopping eGift Cards market by 2027. Considering Market by Distribution Channels, the sub-segment i.e. E-Gift Card Issuer will boost the Shopping eGift Cards market. Considering Market by End-User, the sub-segment i.e. Retail will boost the Shopping eGift Cards market.
Latest Market Insights:
In July 2022. A definitive merger deal between Amazon and One Medical, under which Amazon will buy One Medical, was revealed. Using a seamless combination of in-person, online, and virtual care services that are close to people's places of employment, residence, and shopping, One Medical is a human-centered, technology-driven national primary care organisation on a mission to make quality care more affordable, accessible, and enjoyable.
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.
What Can be Explored with the Shopping eGift Cards Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Shopping eGift Cards Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Shopping eGift Cards
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Shopping eGift Cards market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Shopping eGift Cards market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Financial Institutes, Corporates, E-Commerce/Retailers, Supermarket/Hypermarket, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.