Worldwide Digital Gift Card Industry to 2030 - Featuring Amazon, Apple and Fiserv Among Others - ResearchAndMarkets.com

The "Digital Gift Card Market by Functional Attribute, End User and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

A digital gift card is similar to a prepaid digital wallet that consists of a specific amount of money that can be used for purchasing goods. Many digital gift cards have certain limit i.e., minimum and maximum initial loading amount. For instance, minimum amount is $10 and maximum is $500.

Generally, digital gift cards are used to pay for a portion of a purchase with mobile payment, debit, or credit to balance the expense. As a precaution to mitigate the risk of losses, many digital gift cards are registered online, which allows the remaining balance to be tracked and frozen if a card is lost. Digital gift cards provide more security as compared to cash and are easily traceable, which can avoid fraudulent activities

Rise in adoption of advance technologies in the payment sector and surge in awareness of digital payment across the globe are the major factors that propel the market growth. In addition, high adoption of smartphones and rise in adoption of digital gift cards by corporate offices & financial institutions further fuel the growth of the digital gift cards market. However, security concerns with respect to digital gift cards is expected to hamper the market growth. Furthermore, surge in demand for digital gift cards from developing countries is expected to offer lucrative opportunities for the market in the upcoming years.

The digital gift card market is categorized on the basis of functional attribute, end user, application and region. Depending on functional attribute, the market is classified into open-loop card and closed-loop card. By end user, it is analyzed across retail and corporate. Based on the application, the market is divided into consumer goods, health & wellness, restaurants & bars, travel & tourism, media & entertainment and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA, along with its prominent countries.

Key Benefits

• The study provides an in-depth analysis of the global digital gift card market forecast along with the current trends and future estimations to explain the imminent investment pockets.
• Information about key drivers, restraints, & opportunities and their impact analysis on the global market is provided in the report.
• Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
• The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.

Market Dynamics

Drivers

• Rise in demand for advanced payment solutions
• High adoption rate of smartphones
• Increase in demand for innovative products

Restraint

• Lack of security

Opportunity

• Surge in demand for digital gift cards from developing countries

Key Market Segments

By Functional Attribute

• Open loop gift card
• Closed loop gift card

By End user

• Retail
• Generation X
• Generation Z/Millennials
• Baby Boomers
• Corporate

By Application

• Consumer Goods
• Health & Wellness
• Restaurants & Bars
• Travel & Tourism
• Media & Entertainment
• Others

By Region

• North America
• U.S.
• Canada
• Europe
• Italy
• Germany
• France
• Netherlands
• Spain
• UK
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Players

• Amazon.com, Inc.
• Apple, Inc.
• Blackhawk Network Holdings, Inc.
• Fiserv, Inc.
• InComm Payments
• Loop Commerce, Inc.
• National Gift Card Corporation
• PayPal Holdings, Inc.
• Target Brands, Inc.
• Walmart Inc.

For more information about this report visit https://www.researchandmarkets.com/r/w3863p

View source version on businesswire.com: https://www.businesswire.com/news/home/20220117005213/en/