The Gift Cards Market research report highlights market research and industry analysis driven by in-depth business relevant news.

Precision Business Insights has published a report on the global Gift Cards Market, estimating its value at USD 455.5 Billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/gift-card-market

The gift cards market refers to the global industry surrounding prepaid cards that carry a specific monetary value, which recipients can use to purchase goods or services.

Drivers:

• The rise of mobile wallets and apps has made digital gift cards more accessible and convenient
• Digital gift cards reduce plastic waste, aligning with sustainability trends

The global Gift Cards Market segmentation:

1) By Type: Universal Accepted Open Loop, Sports Gift Card, E-Gifting, Restaurant Closed Loop, Retail Closed Loop, Miscellaneous Closed Loop

2) By Application: Restaurant, Department Store, Coffee Shop, Entertainment (Movie, Music), Others.

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Regional Overview:
The report also examines the current concerns and their Future Effects on the Gift Cards Market by the region. The report covers all regions and countries; North America was the largest and Asia was the fastest-growing region in the Gift Cards Market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like First Data Corporation, QwikCilver Solutions Pvt. Ltd., National Gift Card Corporation, Blackhawk Network Holdings, Inc., Plastek Card Solutions, Inc., Duracard, Documax Inc., Vantiv, Inc. (Worldpay, Inc.), TenderCrop, LLC., TransGate Solutions

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