Gift Card Market Analysis Highlights the Impact of COVID-19  (2020-2024) | Growth of E-commerce Sector to Boost the Market Growth | Technavio

Technavio has been monitoring the gift card market and it is poised to grow by USD 527.11 billion during 2020-2024, progressing at a CAGR of over 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Gift Card Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• At what rate is the market projected to grow?

• Growing at a CAGR of over 14%, the incremental growth of the market is anticipated to be USD 527.11 billion during the forecast period.

• Who are the top players in the market?

• Blackhawk Network Holdings Inc., Documax Inc., Fidelity National Information Services Inc., Givex Corp., InComm Holdings Inc., National Gift Card Corp., Plastek Card Solutions Inc., Qwikcilver Solutions Pvt. Ltd., Stored Value Solutions Inc., and Village Roadshow Ltd. are some of the major market participants.

• What are the key market drivers and challenges?

• Growth of the e-commerce sector and the increasing popularity of the gifting culture are the major factors driving the market. However, growing concern about the use of plastic restraints the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Blackhawk Network Holdings Inc., Documax Inc., Fidelity National Information Services Inc., Givex Corp., InComm Holdings Inc., National Gift Card Corp., Plastek Card Solutions Inc., Qwikcilver Solutions Pvt. Ltd., Stored Value Solutions Inc., and Village Roadshow Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The growth of the e-commerce sector has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Gift Card Market 2020-2024: Segmentation

Gift Card Market is segmented as below:

• Type
  • E-gift Cards
  • Physical Gift Cards
• Geography
  • North America
  • Europe
  • APAC
  • MEA
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43461

Gift Card Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gift card market report covers the following areas:

• Gift Card Market Size
• Gift Card Market Trends
• Gift Card Market Analysis

This study identifies the increasing popularity of the gifting culture as one of the prime reasons driving the market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Gift Card Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist gift card market growth during the next five years
• Estimation of the gift card market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the gift card market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of gift card market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• E-gift cards - Market size and forecast 2019-2024
• Physical gift cards - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume driver – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Blackhawk Network Holdings Inc.
• Documax Inc.
• Fidelity National Information Services Inc.
• Givex Corp.
• InComm Holdings Inc.
• National Gift Card Corp.
• Plastek Card Solutions Inc.
• Qwikcilver Solutions Pvt. Ltd.
• Stored Value Solutions Inc.
• Village Roadshow Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200807005275/en/