According to the study, Rising Level of Digitization Across Payment Methods is one of the primary growth factors for the market. Growth Across Banking and Finance Industry
is also expected to contribute significantly to the Digital Gift Cards market. Overall, applications of Digital Gift Cards, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Amazon.com, Inc. (United States), American Express Company (United States), Blackhawk Network Holdings, Inc. (United States), Fiserv, Inc. (United States), Givex Corporation (Canada), InComm Payments (United States), PayPal, Inc. (United States), Paytronix Systems, Inc. (United States), Qwikcilver Solutions Pvt Ltd. (India) and Walmart Inc. (United States) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Digital Gift Cards market identified that the demand is rising in many different parts of the world as "Increasing E-Gift Use Across European Regions". Furthermore, some recent industry insights like "On 29th April, 2021 - InComm Payments Launched TheGiftCardShop.com, a Full-Service Digital Gift Card Mall. The New Website Allows Consumers to Choose from A Large Range of Gift Cards and Send Gifts Straight to Friends and Family Via Email, Creating A One-Stop Online Shopping Destination for Gift-Givers." is constantly making the industry dynamic. One of the challenges that industry facing is "Illicit Activities and Misuse and Fierce Competitive Pressure"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Digital Gift Cards market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Digital Gift Cards market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Digital Gift Cards market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Digital Gift Cards market and other related sub-markets covered in the study.
o Key & emerging players in the Digital Gift Cards market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Digital Gift Cards market size is calculated using market estimation process, the Digital Gift Cards market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Digital Gift Cards market size has been validated using both top-down and bottom-up approaches.