Global Gift Card market size is predicted to reach USD 2097.13 billion
According to the market report, “The Global Gift Card Market size is expected to reach USD 2097.13 billion by 2030, growing at a CAGR of 11.7%.”
Gift cards are gaining popularity and has observed a significant growth in the last few years globally. The gift card market is expected to grow in the coming future owing to increasing consumer preferences to go digital as well as growing trend of corporate gift-cards to reward the employees for their contributions and achievements.
Moreover, as per reports, Asia Pacific region is predicted to growth with the highest compound annual growth rate values representing substantial growth in the global gift card market. The key factors driving growth is rising usage of smart-gadgets, increasing per-capita income, and more significantly, increasing government initiatives encouraging digital payment methods, specifically in the emerging economies such as India and China.
Further, gift cards are being used as promotional tool, specifically by the banking & finance sector, making it a pivotal factor paving the way for creating multiple opportunities in the global gift card market.