The Latin America, Middle East and Africa Digital Gift Card Market should witness market growth of 20.0% CAGR during the forecast period (2022-2028).
Digital gift cards can increase sales. However, the main factor that makes gift cards a sales booster is that they also help companies produce new leads by drawing in new clients by enticing new eyes with fresh gift certificates.
Customers often buy digital gift cards for their loved ones. The likelihood that gift card recipients may visit your business for the first time increases, which would bring in more consumers. You can grow your company and acquire a lot of new users, especially during the Christmas season.
Selling digital gift cards has the benefit of removing the need for a physical presence in front of clients. You can sell gift cards at any moment since you may sell them straight on your website. Additionally, since digital gift certificates are sent through emails and other messaging services, your consumers may get them while lounging at home or traveling. Customers just need to purchase the gift cards, download them in pdf format, and then send them to the receiver by email or a messaging app.
The travel and tourism industry directly contributed AED 68.5 billion (USD 18.7 billion), or 5.2% of the UAE's GDP, to the country's GDP in 2016. From 2017 to 2027, it is anticipated to increase by 5.1% per year, reaching AED 116.1 billion (USD 31.6 billion), or 5.4% of the country's GDP. To improve the tourism portfolio, the UAE Cabinet authorized the establishment of the Emirates Tourism Council in January 2021.
The Brazil market dominated the LAMEA Digital Gift Card Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17, 518.7 Million by 2028.The Argentina market is experiencing a CAGR of 20.6% during (2022-2028). Additionally, The UAE market would display a CAGR of 19.6% during (2022-2028).
Based on Functional Attribute, the market is segmented into Closed-loop Card and Open-loop Card. Based on End-user, the market is segmented into Retail and Corporate. Based on Application, the market is segmented into Consumer Goods, Health & Wellness, Restaurants & Bars, Travel & Tourism, Media & Entertainment and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Fiserv, Inc., PayPal Holdings, Inc., Walmart, Inc., Amazon.com, Inc., Target Corporation (Target Brands, Inc.), Loop Commerce, Inc (Synchrony Financial), InComm Payments, and Blackhawk Network Holdings, Inc.
Digital gift cards can increase sales. However, the main factor that makes gift cards a sales booster is that they also help companies produce new leads by drawing in new clients by enticing new eyes with fresh gift certificates.
Customers often buy digital gift cards for their loved ones. The likelihood that gift card recipients may visit your business for the first time increases, which would bring in more consumers. You can grow your company and acquire a lot of new users, especially during the Christmas season.
Selling digital gift cards has the benefit of removing the need for a physical presence in front of clients. You can sell gift cards at any moment since you may sell them straight on your website. Additionally, since digital gift certificates are sent through emails and other messaging services, your consumers may get them while lounging at home or traveling. Customers just need to purchase the gift cards, download them in pdf format, and then send them to the receiver by email or a messaging app.
The travel and tourism industry directly contributed AED 68.5 billion (USD 18.7 billion), or 5.2% of the UAE's GDP, to the country's GDP in 2016. From 2017 to 2027, it is anticipated to increase by 5.1% per year, reaching AED 116.1 billion (USD 31.6 billion), or 5.4% of the country's GDP. To improve the tourism portfolio, the UAE Cabinet authorized the establishment of the Emirates Tourism Council in January 2021.
The Brazil market dominated the LAMEA Digital Gift Card Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17, 518.7 Million by 2028.The Argentina market is experiencing a CAGR of 20.6% during (2022-2028). Additionally, The UAE market would display a CAGR of 19.6% during (2022-2028).
Based on Functional Attribute, the market is segmented into Closed-loop Card and Open-loop Card. Based on End-user, the market is segmented into Retail and Corporate. Based on Application, the market is segmented into Consumer Goods, Health & Wellness, Restaurants & Bars, Travel & Tourism, Media & Entertainment and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Fiserv, Inc., PayPal Holdings, Inc., Walmart, Inc., Amazon.com, Inc., Target Corporation (Target Brands, Inc.), Loop Commerce, Inc (Synchrony Financial), InComm Payments, and Blackhawk Network Holdings, Inc.
Scope of the Study
By Functional Attribute
- Closed-loop Card
- Open-loop Card
By End-user
- Retail
- Corporate
By Application
- Consumer Goods
- Health & Wellness
- Restaurants & Bars
- Travel & Tourism
- Media & Entertainment
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Fiserv, Inc.
- PayPal Holdings, Inc.
- Walmart, Inc.
- Amazon.com, Inc.
- Target Corporation (Target Brands, Inc.)
- Loop Commerce, Inc (Synchrony Financial)
- InComm Payments
- Blackhawk Network Holdings, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Digital Gift Card Market, by Functional Attribute
1.4.2 LAMEA Digital Gift Card Market, by End User
1.4.3 LAMEA Digital Gift Card Market, by Application
1.4.4 LAMEA Digital Gift Card Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Digital Gift Card Market
Chapter 4. LAMEA Digital Gift Card Market by Functional Attribute
4.1 LAMEA Closed-loop Card Market by Country
4.2 LAMEA Open-loop Card Market by Country
Chapter 5. LAMEA Digital Gift Card Market by End-User
5.1 LAMEA Retail Market by Country
5.2 LAMEA Corporate Market by Country
Chapter 6. LAMEA Digital Gift Card Market by Application
6.1 LAMEA Consumer Goods Market by Country
6.2 LAMEA Health & Wellness Market by Country
6.3 LAMEA Restaurants & Bars Market by Country
6.4 LAMEA Travel & Tourism Market by Country
6.5 LAMEA Media & Entertainment Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Digital Gift Card Market by Country
7.1 Brazil Digital Gift Card Market
7.1.1 Brazil Digital Gift Card Market by Functional Attribute
7.1.2 Brazil Digital Gift Card Market by End-User
7.1.3 Brazil Digital Gift Card Market by Application
7.2 Argentina Digital Gift Card Market
7.2.1 Argentina Digital Gift Card Market by Functional Attribute
7.2.2 Argentina Digital Gift Card Market by End-User
7.2.3 Argentina Digital Gift Card Market by Application
7.3 UAE Digital Gift Card Market
7.3.1 UAE Digital Gift Card Market by Functional Attribute
7.3.2 UAE Digital Gift Card Market by End-User
7.3.3 UAE Digital Gift Card Market by Application
7.4 Saudi Arabia Digital Gift Card Market
7.4.1 Saudi Arabia Digital Gift Card Market by Functional Attribute
7.4.2 Saudi Arabia Digital Gift Card Market by End-User
7.4.3 Saudi Arabia Digital Gift Card Market by Application
7.5 South Africa Digital Gift Card Market
7.5.1 South Africa Digital Gift Card Market by Functional Attribute
7.5.2 South Africa Digital Gift Card Market by End-User
7.5.3 South Africa Digital Gift Card Market by Application
7.6 Nigeria Digital Gift Card Market
7.6.1 Nigeria Digital Gift Card Market by Functional Attribute
7.6.2 Nigeria Digital Gift Card Market by End-User
7.6.3 Nigeria Digital Gift Card Market by Application
7.7 Rest of LAMEA Digital Gift Card Market
7.7.1 Rest of LAMEA Digital Gift Card Market by Functional Attribute
7.7.2 Rest of LAMEA Digital Gift Card Market by End-User
7.7.3 Rest of LAMEA Digital Gift Card Market by Application
Chapter 8. Company Profiles
8.1 Apple, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Fiserv, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Acquisition and Mergers:
8.2.5 SWOT Analysis
8.3 PayPal Holdings, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.5 Amazon.com, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Product Launches and Product Expansions:
8.5.5 SWOT Analysis
8.6 Target Corporation (Target Brands, Inc.)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.7 Loop Commerce, Inc (Synchrony Financial)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.8 InComm Payments
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Acquisition and Mergers:
8.9 Blackhawk Network Holdings, Inc.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Acquisition and Mergers:
Companies Mentioned
- Apple, Inc.
- Fiserv, Inc.
- PayPal Holdings, Inc.
- Walmart, Inc.
- Amazon.com, Inc.
- Target Corporation (Target Brands, Inc.)
- Loop Commerce, Inc (Synchrony Financial)
- InComm Payments
- Blackhawk Network Holdings, Inc.
Methodology
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