Digital Gift Card Market Trends, Growth, and Demand Forecast 2025-2033
27 Feb, 2025
Market Overview:
The digital gift card market is experiencing rapid growth, driven by rising popularity of e-commerce platforms, increased consumer preference for cashless payments, and Corporate Gifting and Rewards Programs. According to IMARC Group's latest research publication, "Digital Gift Card Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global digital gift card market size reached USD 453.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1,531.5 Billion by 2033, exhibiting a growth rate (CAGR) of 13.32% during 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
Factors Affecting the Growth of the Digital Gift Card Industry:
Rising Popularity of E-Commerce Platforms:
An impelling force that pushes forward the market is the increased use and application of e-commerce platforms. People increasingly have adopted online shopping as a more convenient way to shop and find a wider range of products. Digital gift cards have become an attractive option for consumers when thinking of giving gifts. Many e-commerce sites now include options for gift cards, which encourages people to buy for others digitally as well. This not only makes it easier for the person giving the gift but also ensures that the recipient is free to choose items of preference that he or she likes. Furthermore, many sites offer promotions and sales for buying gift cards to further encourage people to make an online purchase. Naturally, then, the ever-growing trend of online shopping is aligned closely with the digital gift card-the often personal- sometimes corporate- way to go when giving gifts.
Increased Consumer Preference for Cashless Payments:
Another vital aspect of market growth is the trend towards cashless payments. With the proliferation of mobile payments and digital wallets, these forms of payments are preferred over cash. Digital gift cards complete this cashless environment by providing a trustworthy and convenient means of payment that can be stored on mobile phones or other devices. This want is further heightened by the growing concern for contact and hygiene. Besides, digital gift cards are flexible and user-friendly, enabling the client to make purchases online or at brick-and-mortar locations using either a virtual representation of a gift card or a unique code without the need for physical cards. This preference dovetails with the broader trajectory of digital transformation in financial transactions.
Corporate Gifting and Rewards Programs:
The emerging trend of using digital gift cards in corporate organizations as an employee reward and customer loyalty strategy is filling the growth gaps in the market. Organizations now view digital gift cards as a strong pillar to motivate employees, improve employee engagement, and create loyalty with customers. They present a customizable, flexible mechanism that recognizes achievements or behavioral motivations for its use as an attractive proposition against other businesses. Besides, digital gift cards can be transmitted instantly, irrespective of the place of trade by the recipient, which is a big plus in the global corporate environment. With all this immediacy and easiness of distribution, digital gift cards are becoming a preferred option in the corporate gifting scheme, with no signs of waning.
Leading Companies Operating in the Global Digital Gift Card Industry:
Closed loop gift card represents the largest segment as it enhances loyalty among individuals by incentivizing repeat purchases.
By Business Type:
Business to Business (B2B)
Business to Consumer (B2C)
On the basis of the business type, the market has been bifurcated into business to business (B2B) and business to consumer (B2C).
By Application:
Food and Beverage
Health, Wellness and Beauty
Apparel, Footwear and Accessories
Books and Media Products
Consumer Electronics
Restaurants and Bars
Kids Products
Others
Based on the application, the market has been segmented into food and beverage, health, wellness and beauty, apparel, footwear and accessories, books and media products, consumer electronics, restaurants and bars, kids products, and others.
By End User:
Retail
Festival Celebrations
Special Celebrations
Self-Use
Others
Corporate
Corporate Gift
Employee Prize
Incentive Program
Retail accounts for the largest market share due to the increasing need for enhanced convenience.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America enjoys a leading position in the digital gift card market, driven by rising preferences for online shopping among individuals.
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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