Saudi Arabia's $508 Million Digital Gift Card and Incentive Card Market, 2024 - Accelerated Adoption due to the COVID-19 Pandemic - ResearchAndMarkets.com

DUBLIN--()--The "Saudi Arabia Digital Gift Card (e-Gift Card) and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast (2015-2024) - Covid-19 Update Q2 2020" report has been added to ResearchAndMarkets.com's offering.

Over the next eight quarters, the author expects e-gift card or digital gift card segment to gain significant market share in Saudi Arabia. e-gift card segment has been gaining market share over the last few years.

The socio-economic environment created by COVID-19 outbreak has accelerated growth of this segment. Adoption has increased significantly in Q2 2020, a trend expected to continue over the forecast period. Spend on e-gift card platforms by retailers is expected to increase significantly. Retailers with strong ecommerce and well established e-gift card program are expected to gain market share.

In value terms, the gift card market in Saudi Arabia has recorded a CAGR of 36.7% during 2015-2019. The e-gift card industry in Saudi Arabia will continue to grow over the forecast period and is expected to record a CAGR of 25.1% during 2020-2024. e-gift card market in the country is estimated to reach US$ 508.3 million by 2024.

This report provides a detailed data centric analysis of digital gift cards (e-gift cards) and corporate incentive cards market along with consumer behaviour and retail spend dynamics in Saudi Arabia. It also provides top level market size and forecast of total spend on gift and gift cards.

Below is a summary of country level trend analyses covered across gift card segments:

  • Total gift market: This report provides detailed view of overall spend on gifts, broken down by retail and consumer segments. For both retail and consumer segments, this report provides a breakdown of spend on gifts by product categories (13 segments) and retail sectors (7 segments).
  • Gift cards: Drawing from proprietary survey results, this report provides top level analysis of opportunities in both open loop and closed loop prepaid gift card categories. Assesses market dynamics by type of consumer (retail and corporate - SMB, Mid-Tier, Large Enterprise), gifting occasion, digital gift card, and market share by retail sectors.
  • Digital gift card (e-gift card) analysis: Provides market size and forecast for digital gift cards, broken down by retail and corporate buyers. It also includes gift card spend by occasion (retail - festivals & special celebration days, milestone celebration, self-use, other; Corporate incentive cards -consumer incentive card, employee incentive card, and sales/partner incentive card). The report also includes digital gift card adoption by company size.
  • Consumer attitude and behaviour: Drawing from proprietary survey results, this report identifies and interprets key KPIs related to digital gift card (e-gift card) dynamics including spend by age, gender, and income level. In addition, it provides an overview of how consumers are currently using gift cards across key retail sectors.
  • Retail spend: Breaks down retail spend across retail sectors (7 segments) to provide detailed insights on consumer behaviour and changing dynamics of gift card spend.
  • Market share by retailer: Provides overall market share of closed loop gift cards by key retailers in Saudi Arabia.
  • Distribution channel analysis: Provides market share by distribution channel - online vs offline sales and 1st party vs 3rd party sales (sales through outlet of other retailers).

Reasons to Buy

  • In-depth understanding of overall gift card and digital (e-gift card) market dynamics: Understand market opportunity, key trends and drivers along with five-year forecast (2014-2023) for gift cards and digital (e-gift card) in Saudi Arabia.
  • Develop market specific strategies: Identify growth segments and target specific opportunities across consumer segments and occasions to formulate your digital (e-gift card) strategy; assess market specific key trends and risks.
  • Get insights into consumer attitude and behaviour in Saudi Arabia: Understand changing consumer attitude and behaviour and boost ROI. Get detailed insights into retail spend through gift cards for both retail and corporate consumers.
  • Get complete perspective through six essential KPIs: number of cards in circulation, load value, unused value, average purchase value, average value per transaction, and value of transactions.
  • Distribution channel insights: Understand gift cards sales dynamics by channels - online vs offline and by 1st party vs 3rd party sales
  • Closed loop gift card market share by key retailers

Companies Mentioned

  • Migros Genossenschaftsbund eG
  • Coop Genossenschaft
  • Maus Freres SA
  • Aldi Group
  • fenaco-LANDI Gruppu
  • Valora Holding AG
  • Galenica Holding AG
  • Inter Ikea Systems BV
  • Deichmann SE
  • Apple Inc
  • Metro AG
  • H&M Hennes & Mauritz AB
  • Pfister Arco Holding AG
  • Internationale Spar Centrale BV
  • Otto's AG
  • C&A Mode AG
  • Zalando GmbH

For more information about this report visit https://www.researchandmarkets.com/r/xxt5wh

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900