The "Saudi Arabia Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q2 2024 Update" report has been added to ResearchAndMarkets.com's offering. The gift card in...
DUBLIN: The "Saudi Arabia Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q2 2024 Update" report has been added to ResearchAndMarkets.com's offering.
The gift card industry in Saudi Arabia is set to grow over the forecast period to record a CAGR of 7.4% during 2024-2028. Saudi Arabia's gift card market is forecast to increase from US$1.5 billion in 2023 to reach US$2.2 billion by 2028.
Key Developments in the Gift Card Sector in the Saudi Arabia
Strategic Partnerships
These partnerships underscore the ongoing evolution of the gift card market in Saudi Arabia, which is driven by collaborations between retailers and digital payment providers and increasing demand for convenient gifting solutions.
Regulatory Changes
There have been no major new regulations or policies specifically targeting the gift card sector in Saudi Arabia over the last six months. However, the existing regulatory framework continues to influence the market:
While no major policy changes have been made recently, the government's ongoing efforts to regulate the financial sector and protect consumer rights continue to shape the operational environment for gift card providers and retailers in Saudi Arabia.
The gift card market in 2023 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth.
This report provides a detailed data centric analysis of gift card market, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at country level, this report provides a comprehensive understanding of gift card market dynamics, market size and forecast.
Companies Featured
Report Scope
Total Spend on Gifts in Saudi Arabia
Gift Card Market Size by KPIs across Consumer Segments in Saudi Arabia
Gift Card Market Size by Consumer Segment in Saudi Arabia
Digital Gift Card Market Size in Saudi Arabia
Gift Card Market Size by Retail Consumer in Saudi Arabia
Gift Card Spend by Consumer Behavior and Demographics in Saudi Arabia
Gift Card Market Size by Corporate Consumer in Saudi Arabia
Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in Saudi Arabia
Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in Saudi Arabia
Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in Saudi Arabia
Reasons to buy
For more information about this report visit https://www.researchandmarkets.com/r/1s10fk
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Fonte: Business Wire
Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…
Eni's VC company invest in the Italian drone company to develop new solutions for industrial plants monitoring
Oracle recognizes Technology Reply’s ability to develop and deliver pioneering solutions through partnering with Oracle
Scheduled for October, the world's largest startup event will bring together more than 2,000 exhibitors in Dubai, UAE
Hewlett Packard Enterprise (NYSE: HPE) today announced Gartner has recognized HPE as a Leader in the 2024 Gartner Magic Quadrant for SD-WAN. This is the…
#AI--Versa, the global leader in Universal Secure Access Service Edge (SASE), today announced that it has been ranked highest in the Large Hybrid WAN…
#AI--Versa, the global leader in Universal Secure Access Service Edge (SASE), today announced that Gartner has again positioned it as a Leader in the…
World Wide Technology (WWT), a global technology solutions provider, is celebrating nine of its employees today as they were honored in the 29th Annual…