Gift Cards Market Analysis Demand, Statistics, Top Manufacturers, Revenue by Reports and Insights 2030
The latest market report published by Credence Research, Inc. “Global Gift Cards Market: Growth, Future Prospects, and Competitive Analysis, 2022 – 2030. Gift Cards Market is projected to increase at a significant CAGR of 10.46% in the coming years. In 2022, the global gift cards market was valued at USD818.52 Million and is projected to reach USD 1897.46 Billion by 2030.
The gift card market has seen exponential growth over the last decade, becoming an essential segment of the retail and e-commerce industry. Originating as simple prepaid cards for specific stores, this market has evolved into a diverse range of options, including digital cards, reloadable cards, and those that cater to specific experiences or services. Major holidays, birthdays, and other special occasions continue to fuel the demand for gift cards as they are seen as a convenient gifting solution, allowing recipients the freedom to choose their desired product or service.
Furthermore, the rise of digitalization and the proliferation of smartphones have paved the way for e-gift cards, which can be sent and redeemed electronically, providing instantaneous gifting opportunities and reducing the need for physical distribution. This digital shift is particularly evident among younger consumers, who value speed, convenience, and personalization.
However, the market isn't without its challenges. Concerns around gift card fraud, the potential for unspent balances, and the impersonal nature of a gift card, compared to traditional gifts, are some issues consumers face. Nevertheless, many businesses find gift cards beneficial as they often lead to additional spending beyond the card's value and can be a tool for brand promotion and customer loyalty.
Gift Cards Market Dynamics-
1. Drivers:
Convenience: Gift cards offer a hassle-free gifting solution, eliminating the stress of selecting the 'perfect' gift.
Digital Advancements: With the proliferation of smartphones and e-commerce, digital gift cards, which can be purchased, sent, and redeemed online, have gained significant traction.
Promotional Activities: Businesses often use gift cards for promotional purposes, offering them as rewards or incentives, which in turn drives sales and customer loyalty.
Seasonal Demand: Festive seasons, holidays, and special occasions boost the demand for gift cards annually.
2. Restraints:
Impersonal Perception: Some view gift cards as a less personal or thoughtful gift option compared to traditional presents.
Unused Balances: A significant percentage of gift cards remain partially or wholly unused, leading to potential consumer dissatisfaction.
Regulatory Challenges: In some regions, the regulatory environment around expiry dates and unused balances can be restrictive for businesses.
3. Opportunities:
Customization: Personalized and customizable gift cards, both in design and value, offer a unique selling point.
Expansion to New Segments: Emerging markets, as well as untapped sectors like healthcare, wellness, and education, can offer new avenues for growth.
Subscription Services: Integrating gift cards with popular subscription-based services can drive their demand further.
4. Threats:
Fraud: The gift card market is susceptible to fraud, especially in the digital realm. Scammers may exploit digital cards through hacking, counterfeit cards, or online scams.
Market Saturation: As the gift card market continues to grow, there's a potential risk of over-saturation, leading to reduced effectiveness as a promotional tool or loyalty strategy.
5. Trends:
Experiential Gift Cards: Rather than just retail, there's a growing trend towards gifting experiences, like spa days, adventure activities, or dining experiences.
Mobile Wallet Integration: Integrating gift cards with mobile wallets or apps can enhance user experience, making the gifting and redemption process smoother.
Sustainability: Eco-conscious consumers are seeking sustainable options. Digital gift cards or those made from eco-friendly materials can appeal to this demographic.
Browse 220 pages report Gift Cards Market By Material Merchant Type (Restaurants, Department Stores, Grocery Stores, Supermarkets/Hypermarkets, Discount Stores, Coffee Shops, Entertainments, Salons/Spa, Book Stores, Home Décor Stores, Gas Stations, Visa/Master Card/American Express Gift Cards, Others) By Merchant Type (Universal Accepted Open Loop, Restaurant Closed Loop, Retail Closed Loop, Miscellaneous Closed Loop, E-Gifting - Growth, Future Prospects & Competitive Analysis, 2016 – 2030)- https://www.credenceresearch.com/report/gift-cards-market
Gift Cards Market major players-
Amazon: One of the world's largest e-commerce platforms, Amazon offers gift cards for its vast array of products and services.
Apple: With its Apple Store gift cards and App Store & iTunes gift cards, Apple has a significant presence in the digital gift card space.
Walmart: The retail giant offers both physical and digital gift cards for its multitude of products.
Starbucks: Known for its reloadable gift cards, Starbucks has turned its cards into collectibles and has also integrated them into its loyalty program.
Visa, MasterCard, and American Express: These major financial institutions offer generic gift cards, which can be used wherever their respective credit cards are accepted.
Target: Another major retailer that offers gift cards for its wide range of products.
Google Play: Offers gift cards for its digital store, where users can purchase apps, games, movies, books, and more.
eBay: The global online marketplace has gift cards that can be used for any purchase on its platform.
Best Buy: The electronics retailer provides gift cards for its myriad of tech products and gadgets.
Home Depot and Lowe's: Both home improvement giants offer gift cards catering to DIY enthusiasts and professionals alike.
Blackhawk Network: While not a traditional retailer, Blackhawk Network is instrumental in the gift card industry. It provides third-party gift card distribution services, partnering with various retailers and businesses.
Gyft and Raise: These platforms are significant in the digital space, allowing users to buy, sell, and manage their gift cards.
Restaurants Chains: Major chains like McDonald's, Subway, and Olive Garden, among others, have their gift card offerings.
Gift Cards Market Key Offerings-
1. Types of Gift Cards:
Physical Gift Cards: These traditional plastic cards resemble credit or debit cards and come with a magnetic stripe or barcode for activation and redemption.
Digital or e-Gift Cards: Sent and redeemed electronically, these gift cards can be delivered via email, SMS, or mobile app. They often come with a unique code for redemption.
Reloadable Gift Cards: These cards allow users to add funds multiple times, providing a flexible balance and extended usability.
2. Categories of Gift Cards:
Retail Gift Cards: Specific to certain retail chains or stores, these cards can be used to purchase any goods within that particular store or chain.
Restaurant Gift Cards: Valid for dining experiences at specific restaurant chains or individual establishments.
Entertainment Gift Cards: Redeemable at cinemas, theaters, amusement parks, and other entertainment venues.
Travel and Hospitality Gift Cards: Can be used for booking hotels, flights, or travel experiences.
Service-based Gift Cards: Offer services like spa treatments, salon visits, or fitness classes.
Generic Gift Cards: Operated by major payment networks like Visa, MasterCard, or American Express, these cards are more versatile and can be used wherever the payment network is accepted.
3. Personalization and Customization:
Custom Designs: Some vendors offer customizable card designs, allowing buyers to add personal photos or messages.
Flexible Denominations: Certain gift cards can be loaded with any desired amount, providing flexibility in gifting.
4. Bundled Offerings:
Gift Card Packages: Combining multiple related gift cards into a single package, e.g., a dinner and movie combo.
Corporate Packages: Bulk gift card packages for businesses to offer as employee rewards or customer incentives.
5. Additional Features:
Expiration Reminders: Notifications sent to the cardholder as the expiration date approaches.
Mobile Wallet Integration: Enables users to store and manage their gift cards directly on their smartphones.
Gifting Platforms: These platforms allow users to select, personalize, and send gift cards from multiple brands in one place.
6. Reselling Platforms:
Gift Card Exchange: Platforms that allow users to buy, sell, or trade unwanted gift cards, potentially at a discount or for other preferred cards.
7. Subscription-Based Gift Cards:
Subscription Services: Gift cards that can be used to purchase subscriptions, such as streaming platforms, magazines, or membership clubs.
Future Outlook-
The future of the gift card market looks promising, driven largely by technological advancements and changing consumer preferences. E-gift cards, due to their convenience and eco-friendliness, are poised to dominate, especially with the proliferation of e-commerce and digital payment methods. As mobile wallets become more commonplace, a deeper integration of gift cards within these platforms is anticipated, streamlining the storage, management, and redemption processes for consumers. Personalization, always a critical aspect of gifting, will be heightened with gift cards tailored to specific occasions or recipient preferences. With the rise of the digital realm, enhanced security measures will become paramount, addressing concerns of potential fraud and hacking. Meanwhile, as the world becomes more interconnected, there's an expectation for gift cards to evolve with cross-border usability, catering to global shoppers. Subscription services, currently a growing trend, may further intertwine with the gift card industry, offering cards specific to popular streaming or monthly product platforms.
Why to Buy This Report-
The report provides a qualitative as well as quantitative analysis of the global Gift Cards Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
Major nations in each region with their import/export statistics
The global Gift Cards Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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THINGS YOU HAVE TO TRY THIS NY23 IF YOU LIVE IN INDORE
As an Indori, everyone is used to going places and trying new things for the sake of having a good time. And as one of the greatest cities in India known for its cultural diversity, food, and lovable people, it never ceases to disappoint us.
So, what plans do you have this New Year In Indore? You must’ve heard that question so many times. Everyone likes to celebrate the upcoming New Year as they please and no problem with that. But, if you choose to stay at home eating snacks and watching other people have all the midnight fun, maybe you just have to be reminded that YOU CAN TOO!
And if you don’t want to follow others and want to do your thing, that’s okay. Because you get to decide what you do in the New Year. And this blog will give you some ideas about that, along with some upcoming events and New Year Parties in Indore you can be a part of, to say GoodBye to 2022 in your own way.
Here are a few ideas to let you know how you can enjoy some of the best exhibitions and festivals and be a part of and finally blow off that 2022 steam.
Netflix and Chill
When it comes to passing the time and forgetting all the bad things that happened to you, you cannot underestimate what the OTT platforms have in store for us in an era where entertainment is at its peak. Quality entertainment can be found anywhere.
So, whether it is a New Year’s episode of Friends, or a Bollywood classic if one decides to be at home, eating popcorn. Entertainment can make you feel better and you can sleep it off to the new year. So, you can just watch television, order something on Zomato from your favorite place and have a good night’s sleep. It’s a cool way to step into 2023.
Have an adventure
Nothing better than stepping out of the loop and looking for a change in scenery and air. And nothing beats some quality time with family and friends, trying new activities, food, and places to explore and experience new things.
There are many places around Indore with lots of those, you can go trekking at Gidiya Khoh, have a Pluck and Dine experience at the Nature’s Kitchen or go to an amusement and theme park on the outskirts and have the day off.
But if you have such plans for the New Year’s weekend, you should make haste to book tickets when the Happy New Year offers still exist. It is crucial to make up your mind about what you want to do because if you don’t, the last thing you want is to let the opportunity slip away and wait a whole year to feel fantastic.
Grand openings are a New Year Thing
Many restaurants, theme restaurants, clubs, and many other interesting places get down to business on New Year’s with breathtaking offers and surprises, and if you want to go, you can have a decent time there, by yourself or with your friends.
And everyone would wish for only that. That one blissful moment that people look for to do something different. Something that makes them feel reloaded and rejuvenated to take on the New Year like a champion.
You’ll only find extraordinary things to try and participate in on New Year’s Eve of 2023.
But if you’re looking for entertainment, a fun time, and something new with your special ones, you can find all of those things easily.
And luckily for you, Antters presents COUNTDOWN, the biggest New Year party in Indore, where you’ll have the best live performances on the 31st by DJ Sheggy and Nawazish Band, and on the second day, there will be a performance, by DJ Syrah with Singer Shiv and Poorvi, will give their phenomenal performance on January 1st, giving your 2023 the boost it needs.
And one of the best things about our event is that it is family-friendly, which means a party you can attend with your loved ones, whatever age group they belong to. So, awesome food, to refresh and replenish your soul and the company of the people you love, twice. What more could Proud Indori ask for?
Venue: Shri RGP Gujarati Samaj Ground, AB Road, near Bombay Hospital, Vijay Nagar, Indore, Madhya Pradesh, India.
I would hurry if I were you.
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NUOVA ORCHESTRA SCARLATTI | 26° Concerto di Capodanno della NOS, ‘reloaded’ a primavera, nel segno della grande Musica
Domenica 15 maggio 2022 alle ore 19.30, al teatro Politeama di Napoli in Via Monte di Dio 80, il capodanno musicale diverso della Nuova Orchestra Scarlatti, per ritrovarsi insieme nel segno della grande musica: pagine sinfoniche e vocali di G. Rossini, G. Verdi, G. Bizet, J. Strauss jr., J. Offenbach, F. Peter, F. Lehár, V. Monti e altri.
Con il soprano Naomi Rivieccio e il tenore Stefano Sorrentino.
Nuova Orchestra Scarlatti diretta da Marco Attura.
La N.O.S. torna al pubblico napoletano e a tutti i visitatori della nostra città con il 26° Concerto di Capodanno, versione ‘reloaded’, ovvero ‘ricaricato’ a primavera, per rilanciare l’appuntamento tanto atteso con la grande musica che non è stato possibile realizzare il primo dell’anno.
Questo Capodanno musicale ‘reloaded’, che è un augurio di ripresa e di speranza in un momento così difficile, propone un programma sinfonico-vocale pieno di colori e movimento: da Rossini a Strauss, da Traviata a Carmen, e poi una versione sinfonica piena di virtuosistici soli della Csárdás di Monti, e ancora marce, polke e qualche chicca della canzone classica napoletana.
Stefano Sorrentino
La Nuova Orchestra Scarlatti sarà diretta da Marco Attura, figura emergente del nuovo panorama musicale; partecipano al concerto due giovani e belle voci partenopee: il soprano Naomi Rivieccio, nota al grande pubblico come versatile interprete tra classico e pop, e il tenore Stefano Sorrentino.
Questo evento si inquadra in un piano di collaborazione con la direzione artistica dei teatri Politeama e Augusteo di Napoli, ricco di futuri sviluppi, e sarà anche l’occasione per la Nuova Orchestra Scarlatti per presentare al pubblico il fitto cartellone della sua primavera musicale, con appuntamenti a Napoli, in Italia e all’estero, nonché la quarta edizione del Festival UniMusic, in programma a Napoli per il prossimo settembre.
Biglietti in prevendita su teatropoliteama.it e presso il botteghino del Teatro Augusteo di Napoli (Piazzetta Duca d’Aosta 263, tel. 081414243), e il giorno del concerto presso il botteghino del Politeama dalle ore 18.00.
source https://www.ilmonito.it/nuova-orchestra-scarlatti-26-concerto-di-capodanno-della-nos-reloaded-a-primavera-nel-segno-della-grande-musica/
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