Electronic Gift Card Market Survey Report 2023 Along with Statistics, Forecasts till 2030 | Amazon, ITunes, Walmart

Published October 25, 2023

New Jersey, United States – A recently published market research report by Infinity Business Insights indicates substantial growth projections for the Electronic Gift Card Market by the year 2030. The report provides a detailed breakdown of the market’s size and segmentation across various categories, product types, applications, and geographical regions. Additionally, the report offers an extensive analysis of critical factors, including key trends, drivers, constraints, challenges, and the competitive landscape. Furthermore, it highlights recent market developments, including noteworthy mergers and acquisitions (M&A) activities within the industry.

Market Overview: The Electronic Gift Card market is a dynamic and rapidly growing segment within the broader gift card industry. Electronic Gift Cards, also known as eGift cards or digital gift cards, have gained popularity as a convenient and versatile gifting solution. This market is driven by the increasing shift towards digital transactions, e-commerce growth, and the desire for instant, contactless gift-giving experiences. Electronic Gift Cards are typically delivered via email, mobile apps, or online platforms, offering recipients the flexibility to use them for online purchases, in-app transactions, or at physical stores. The market is characterized by a diverse range of retailers, brands, and platforms offering electronic gifting solutions across various industries.

The global electronic gift card market is expected to grow at a CAGR of 12.5% from 2023 to 2030. This growth is being driven by the increasing popularity of electronic gift cards as a convenient and flexible gift option, as well as the growing adoption of digital payment methods.

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Top key players:
Amazon, ITunes, Walmart, Google Play, Starbucks, Home Depot, Walgreens, Sephora, Lowes, Carrefour, Sainsbury’s, IKEA, Zara, JD, Ctrip

Electronic Gift Card Industry Analysis
The industry analysis of Electronic Gift Cards explores overarching trends and challenges shaping the sector. This includes the impact of digital transformation on retail and gifting, the evolution of personalized and themed gifting experiences, and the integration of Electronic Gift Cards into broader loyalty and marketing strategies. The report also assesses challenges such as cybersecurity considerations, the role of Electronic Gift Cards in promoting sustainability, and the potential impact of regulatory changes on the industry. Additionally, it examines collaborations and partnerships within the industry, including alliances between retailers, technology providers, and digital platforms. This industry analysis provides a comprehensive understanding of the current state and future trajectory of Electronic Gift Cards, guiding stakeholders in making informed decisions in a rapidly evolving and competitive market.

Future Benefits: The future benefits of Electronic Gift Cards are poised to further transform the gifting landscape. Anticipated advancements include enhanced personalization options, integration with emerging technologies such as augmented reality (AR), and increased security features to prevent fraud. Future Electronic Gift Cards may also incorporate blockchain technology for secure and transparent transactions. The convenience of immediate delivery and redemption, along with the potential for cross-platform integration, positions Electronic Gift Cards as a versatile and user-friendly solution. As the market matures, stakeholders can expect innovations that enhance the overall gifting experience, making it more seamless and enjoyable for both givers and recipients.

Global Electronic Gift Card Market Split by Product Type and Applications

This report segments the Electronic Gift Card Market on the basis of Types:
For Physical Goods
For Service

On the basis of Application, the Electronic Gift Card Market is segmented into:

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Competitive Analysis: The competitive landscape of the Electronic Gift Card market is diverse, featuring a mix of retailers, technology providers, and specialized platforms. Key competitive factors include the range of brands and merchants available on the platform, user interface design, integration with mobile wallets and payment systems, and the ability to offer personalized and themed gift card options. Established players in the retail and e-commerce sectors may leverage their brand recognition, while startups may focus on niche markets or innovative features. Success in this market is often determined by the ability to provide a user-friendly, secure, and versatile electronic gifting experience that aligns with changing consumer preferences.

  1. Amazon is a multinational e-commerce and technology company known for its vast online marketplace, cloud computing services through Amazon Web Services (AWS), and a range of consumer electronics, offering a wide variety of products and services to consumers and businesses worldwide.
  2. iTunes, a digital media platform by Apple Inc., provides music, movies, and other entertainment content for download and streaming. It was instrumental in revolutionizing the way music and digital media are consumed.
  3. Walmart is a multinational retail corporation with a strong presence in the United States and around the world. They operate a chain of hypermarkets, discount department stores, and grocery stores, offering a wide array of products, including groceries, clothing, electronics, and more.

Scope of the Report: This report aims to provide a comprehensive analysis of the Electronic Gift Card market, exploring key trends, challenges, and opportunities. The scope encompasses an examination of the features and functionalities offered by leading platforms, highlighting innovations and technological advancements. The report also assesses the impact of Electronic Gift Cards on consumer behavior, brand loyalty, and the broader gift-giving ecosystem. Understanding the scope of Electronic Gift Cards involves considering their potential to reshape the retail and gifting landscape, drive digital engagement, and cater to evolving consumer expectations. The goal is to equip stakeholders with insights for strategic decision-making in this dynamic and evolving market.

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Regional Analysis:
The adoption and impact of Electronic Gift Cards exhibit regional variations influenced by factors such as digital infrastructure, consumer preferences, and regulatory environments. This report conducts a detailed regional analysis, spotlighting key markets and their unique dynamics. Variations in consumer behavior, legal frameworks related to gift cards, and industry collaboration efforts are examined. Understanding these regional nuances is crucial for stakeholders to tailor their Electronic Gift Card offerings, comply with local regulations, and capitalize on specific opportunities in the global market.

Reasons Why You Should Buy This Report:
1.To gain an in-depth understanding of Electronic Gift Card Market
2.To obtain research-based business decisions and add weight to presentations and marketing strategies
3.To gain competitive knowledge of leading market players
4.It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
5.It helps in settling on educated business choices by having total bits of knowledge of market and by making inside and out investigation of market sections.

A. During the projected period, what will be the market’s development rate, development force, or speed increase?
B. What are the fundamental drivers of the market?
C. As far as worth, how large was the developing business sector in 2023?

Browse complete Electronic Gift Card Market report details with table of contents and list of figures click here

Table of Contents:
1. Introduction
2. Executive Summary
3. Advantages of Our Market Analysis
4. Global Electronic Gift Card Market Visions
5. Global Electronic Gift Card Market, by Application
6. Global Electronic Gift Card Market, by Types
7. Global Electronic Gift Card Market, by End-User
8. Global Electronic Gift Card Market, by Procedure
9. Global Electronic Gift Card Market, by region
10. Competitive Landscape
11. Company Outlines

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