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Global Gift Cards Market Analysis & Industry Forecast 2016-2023, With an Expected CAGR of 24% - ResearchAndMarkets.com

June 8, 2018

DUBLIN--(BUSINESS WIRE)--Jun 8, 2018--The “Gift Cards Market by Functional Attribute - Global Opportunity Analysis and Industry Forecast, 2016-2023” report has been added to ResearchAndMarkets.com’s offering. The global gift cards market was valued at $679,743 million in 2016, and is projected to reach $3,003,320 million by 2023, growing at a CAGR of 24% from 2017 to 2023. A gift card is a stored value card that is utilized as an alternative for money at a particular store or business for purchases related to goods or services. Gift cards are also known as gift certificate, gift voucher, gift token, and others, which are generally issued by a retailer or bank as a developmental strategy used for promoting a particular function. These cards can be used at a selected outlet or group outlets depending on the issuing authority. Gift cards are an improved version of paper gift certificates earlier used for transaction purposes. The gift cards market is expected to experience significant growth during the forecast period, owing to technological innovation in product offerings, increase in application areas among end users, increased market for prepaid cards, rise in need for advanced promotional strategies, high adoption rate of smartphones, growth associated with e-commerce and m-commerce industry, increased spending capacity of consumers, and flexibility associated with ease of use feature drive the global gift cards market. Moreover, increase in popularity of these cards during traveling abroad are expected to boost the gift cards market growth in the future. Companies Mentioned:

First Data Corporation Qwikcilver Solutions Pvt. Ltd. National Gift Card Corp. Blackhawk Network Holdings, Inc. Plastek Card Solutions, Inc. Duracard DOCUMAX INC. Vantiv TenderCard TransGate Solutions

Key Topics Covered: Chapter 1 Introduction Chapter 2 Executive Summary Chapter 3 Market Overview Chapter 4 Global Gift Cards Market, By Type Chapter 5 Global Gift Cards Market, By Industry Vertical Chapter 6 Gift Cards Market, By Region Chapter 7 Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/pw8lhg/global_gift_cards?w=4

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Related Topics:Retail

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL MOBILE/WIRELESS PROFESSIONAL SERVICES FINANCE RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/08/2018 07:17 AM/DISC: 06/08/2018 07:17 AM

http://www.businesswire.com/news/home/20180608005279/en

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