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Saudi Arabia Gift Card and Incentive Card Market, By Card Type (Open-Loop Gift Cards, Closed-Loop Gift Cards, E-Gift Cards, Reloadable Gift Cards); By Occasion (Festive Occasions (Eid, Ramadan), Birthdays, Weddings, and Anniversaries, Graduations, Corpora

Publisher BlueWeave Consulting
Published Aug 21, 2024
Length 200 Pages
SKU # BLWC19215229

Description

Saudi Arabia Gift Card and Incentive Card Market, By Card Type (Open-Loop Gift Cards, Closed-Loop Gift Cards, E-Gift Cards, Reloadable Gift Cards); By Occasion (Festive Occasions (Eid, Ramadan), Birthdays, Weddings, and Anniversaries, Graduations, Corporate Events); By End User (Individual Consumers, Corporate/Businesses); By Distribution Channel (Online Retailers, Offline Retailers, Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Corporate Sales); Trend Analysis, Competitive Landscape & Forecast, 2019–2030


Saudi Arabia Gift Card and Incentive Card Market Size Expands at Stellar CAGR of 9.5% to Surpass USD 2.9 Billion by 2030
Saudi Arabia Gift Card and Incentive Card Market is thriving due to thriving e-commerce, growing adoption of digital payments and corporate reward programs, and rising consumer demand for convenient and flexible gifting options.
BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated Saudi Arabia Gift Card and Incentive Card Market size by value at USD 1,549.60 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Gift Card and Incentive Card Market size to expand at a CAGR of 9.50% reaching a value of USD 2,923.21 million in 2030. Saudi Arabia Gift Card and Incentive Card Market is driven by increasing consumer preference for cashless transactions, rising e-commerce activities, and growing demand for personalized and convenient gifting solutions. Corporate adoption of incentive cards to reward and motivate employees, coupled with technological advancements in digital payment systems, also propels market growth. Additionally, the expanding retail sector and government initiatives to boost the digital economy further enhance the market's development.
Opportunity – Mobile wallet integration
The integration of mobile wallets is expected to be a significant driver for Saudi Arabia Gift Card and Incentive Card Market in the coming years. With deepening smartphone penetration and consumer preference for digital transactions, businesses are adopting mobile wallet-enabled gift cards to enhance convenience and security. This trend is further supported by the Saudi government's Vision 2030 initiative, promoting digitalization and cashless payments. As a result, the seamless use of gift cards via mobile wallets is attracting tech-savvy consumers and boosting market expansion.


Impact of Escalating Geopolitical Tensions on Saudi Arabia Gift Card and Incentive Card Market
Escalating geopolitical tensions can significantly impact Saudi Arabia's Gift Card and Incentive Card Market by disrupting supply chains, increasing regulatory scrutiny, and causing economic uncertainty. These factors may lead to decreased consumer spending and a slowdown in market growth. Additionally, heightened security concerns could affect cross-border transactions and partnerships, potentially limiting market expansion and innovation in the sector.
Online Retailers Distribution Channel Holds Largest Market Share
Saudi Arabia Gift Card and Incentive Card Market is comprised of major distribution channel segments including Online Retailers, Offline Retailers, Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Corporate Sales segments. The online retailer segment is the largest distribution channel in Saudi Arabia Gift Card and Incentive Card Market, due to the growing adoption of digital transactions and e-commerce growth across the Kingdom. Online platforms offer convenience and a wide range of options for consumers, driving their popularity over traditional retail channels. The ease of purchasing and redeeming gift cards online contributes significantly to the dominance of the online segment.
Competitive Landscape
Saudi Arabia Gift Card and Incentive Card Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Amazon, Tango Card, Swile, Qwikcilver, Alyce, Givingli, Ininal, Transcard, Riskified, and One4all. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia Gift Card and Incentive Card Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Gift Card and Incentive Card Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Saudi Arabia Gift Card and Incentive Card Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the Market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Gift Card and Incentive Card Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. E-commerce growth in Saudi Arabia
3.2.1.2. Rising disposable income
3.2.1.3. Corporate gifting trends
3.2.1.4. Various personalization and customization options
3.2.2. Restraints
3.2.2.1. High operational costs
3.2.2.2. Limited consumer awareness
3.2.2.3. Short-term validity of gift cards
3.2.3. Opportunities
3.2.3.1. Mobile wallet integration
3.2.3.2. Focus on experiences
3.2.3.3. Data-driven marketing
3.2.4. Challenges
3.2.4.1. Fraud concerns and misuse of gift cards
3.2.4.2. Limited access to financial services in some regions
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Gift Card and Incentive Card Market: Marketing Strategies
5. Saudi Arabia Gift Card and Incentive Card Market Overview
5.1. Market Size & Forecast, 2019–2030
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Card Type
5.2.1.1. Open-Loop Gift Cards
5.2.1.2. Closed-Loop Gift Cards
5.2.1.3. E-Gift Cards
5.2.1.4. Reloadable Gift Cards
5.2.2. By Occasion
5.2.2.1. Festive Occasions (Eid, Ramadan, etc.)
5.2.2.2. Birthdays
5.2.2.3. Weddings and Anniversaries
5.2.2.4. Graduations
5.2.2.5. Corporate Events
5.2.3. By End User
5.2.3.1. Individual Consumers
5.2.3.2. Corporate/Businesses
5.2.4. By Distribution Channel
5.2.4.1. Online Retailers
5.2.4.2. Offline Retailers
5.2.4.3. Supermarkets/Hypermarkets
5.2.4.4. Convenience Stores
5.2.4.5. Specialty Stores
5.2.4.6. Corporate Sales
6. Competitive Landscape
6.1. List of Key Players and Their Offerings
6.2. Saudi Arabia Gift Card and Incentive Card Company Market Share Analysis, 2023
6.3. Competitive Benchmarking, By Operating Parameters
6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Escalating Geopolitical Tensions on Saudi Arabia Gift Card and Incentive Card Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
8.1. Amazon
8.2. Tango Card
8.3. Swile
8.4. Qwikcilver
8.5. Alyce
8.6. Givingli
8.7. Ininal
8.8. Transcard
8.9. Riskified
8.10. One4all
8.11. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
10.1. Qualitative Research
10.1.1. Primary & Secondary Research
10.2. Quantitative Research
10.3. Market Breakdown & Data Triangulation
10.3.1. Secondary Research
10.3.2. Primary Research
10.4. Breakdown of Primary Research Respondents, By Region
10.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Gift Card and Incentive Card Segmentation
Figure 2 Saudi Arabia Gift Card and Incentive Card Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Saudi Arabia Gift Card and Incentive Card Market Size, By Value (USD Million), 2019–2030
Figure 5 Saudi Arabia Gift Card and Incentive Card Market Share, By Card Type, By Value, 2019–2030
Figure 6 Saudi Arabia Gift Card and Incentive Card Market Share, By Occasion, By Value, 2019–2030
Figure 7 Saudi Arabia Gift Card and Incentive Card Market Share, By End User, By Value, 2019–2030
Figure 8 Saudi Arabia Gift Card and Incentive Card Market Share, By Distribution Channel, By Value, 2019–2030
List of Tables
Table 1 Saudi Arabia Gift Card and Incentive Card Market Size, By Value (USD Million), 2019–2030
Table 2 Saudi Arabia Gift Card and Incentive Card Market Share, By Card Type, By Value, 2019–2030
Table 3 Saudi Arabia Gift Card and Incentive Card Market Share, By Occasion, By Value, 2019–2030
Table 4 Saudi Arabia Gift Card and Incentive Card Market Share, By End User, By Value, 2019–2030
Table 5 Saudi Arabia Gift Card and Incentive Card Market Share, By Distribution Channel, By Value, 2019–2030
Table 6 Amazon Company Overview
Table 7 Amazon Financial Overview
Table 8 Tango Card Company Overview
Table 9 Tango Card Financial Overview
Table 10 Swile Company Overview
Table 11 Swile Financial Overview
Table 12 Qwikcilver Company Overview
Table 13 Qwikcilver Financial Overview
Table 14 Alyce Company Overview
Table 15 Alyce Financial Overview
Table 16 Givingli Company Overview
Table 17 Givingli Financial Overview
Table 18 Ininal Company Overview
Table 19 Ininal Financial Overview
Table 20 Transcard Company Overview
Table 21 Transcard Financial Overview
Table 22 Riskified Company Overview
Table 23 Riskified Financial Overview
Table 24 One4all Company Overview
Table 25 One4all Financial Overview
Table 26 Other Prominent Players Company Overview
Table 27 Other Prominent Players Financial Overview

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