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Gift Cards Market Size is Expected to Reach $2,076.51 Billion by 2027

According to a recent report published by Allied Market Research, titled, “Gift Cards Market by Card Type (Closed-Loop Card and Open-Loop Card) and End User (Retail Establishment and Corporate Institutions): Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global gift cards market size was valued at $619.25 billion in 2019, and is projected to reach $2,076.51 billion by 2027, growing at a CAGR of 16.2% from 2020 to 2027.

Growing trust & awareness toward electronic payments as well as digital technologies such as smartphones are increasing gift card adoption among consumers. The global players are focusing toward product development and increasing their geographical presence, owing to growth in competition among local vendors, in terms of features, quality, and price. Gift cards are similar to prepaid debit cards; however, these cards are funded in advance and named as stored-value cards.

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Key benefits for stakeholders 

  • The study provides in-depth analysis of the global gift cards market share along with current & future trends to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the market size are provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • An extensive analysis of the key segments of the industry helps to understand the global gift cards market trends.
  • The quantitative analysis of the global gift cards market from 2020 to 2027 is provided to determine the market

The gift cards industry has experienced significant impact on revenue, owing to massive penetration of work from home strategy across several industry verticals, organizations are increasingly making use of gift cards to offer their employees & business partners with rewards and sales incentive cards. Therefore, to maintain regulatory COVID-19 guidelines, organizations & business entities have largely switched toward digitalized gifting models during the pandemic situation. 

Get detailed COVID-19 impact analysis on the Gift Cards Market @

On the basis of end user, the corporate institutions segment is the fastest growing segment in 2019, and is projected to maintain its dominance during the forecast period. Majority of businesses are increasingly using gift cards as a reward tool for multiple groups, which is expected to create significant opportunities for the market during the forecast period.

By region, the global gift cards market was dominated by North America in 2019 and is expected to maintain this trend during the forecast period. Due to governments in countries such as the U.S. and Canada have extended their involvement in the use of digital payments which are becoming major factors that influence growth of the gift cards market in this region.

The key players profiled in the gift cards market analysis are, Inc., American Express Company, Blackhawk Network Holdings, Inc., Fiserv, Inc., Givex Corporation, InComm Payments, PayPal, Inc., Paytronix Systems, Inc., Qwikcilver Solutions Pvt Ltd., and Walmart Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Related Report:
Digital Gift Cards Market to See Huge Growth by 2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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Contact Information:
Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 [email protected]  Web: 

Healthfirsto, Empirits, PR-Wirein, canadatousd, Reportedtimes, Menafn, Fexti, lebc, Dthai, Research Newswire, English

Contact Information:


David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected] 

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