Dublin, September 11, 2020 (GLOBE NEWSWIRE) – The report “United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Market Size and Forecast (2015-2024) – Covid-19 Update Q2 2020 “was added to the ResearchAndMarkets. com provision. This report mainly notes that they have an effect on the economic downturn as well as the change in business and customer sentiment due to the disruption caused by the Covid-19 epidemic in the gift card industry in the UAE. Historically, the gift card covered marketplaces in the United Arab Emirates registered a stable expansion with a CAGR of 19. 2% during the 2015-2019 era. However, according to the Q2 2020 Global Gift Card Survey, the United Arab Emirates gift card market, market, receptacle, receptacle, receptacle, receptacle, is expected to be be affected in the retail and corporate segments due to the disruption caused by the outbreak. of Covid-19. pandemic, safe segments such as self-consumption will gain significant market share. The adoption of e-gift cards is also expected to increase, especially during the next 4-6 quarters. Interesting trends are emerging in various segments, which are expected to fundamentally change the dynamics of the gift card industry. Despite short-term challenges, the medium and long-term expansion of gift cards in the UAE remains strong. The gift card industry in the UAE will continue to grow during the forecast age and is expected to record a CAGR of 13. 3% between 2020 and 2024. The gift card market, accept, accept, accept , accept, accept, accept in the country, it will go from 1,269. 4 million dollars in 2019 to 2,043. 5 million dollars. $ To 2024 is expected to continue growing as marketplaceplaceplaceplaceplaceplaceplaceplaceplaceplace several new players with cutting edge products entering the marketplaceplaceplaceplaceplaceplaceplaceplacelace. The country’s marketplace is also one of the driving points for the expansion of the UAE gift card market. In 2019, the United Arab Emirates e-commerce market, receptacle, receptacle, receptacle, receptacle, receptacle, accounted for more than 30% of the retail industry in the Gulf Cooperation Council (GCC) countries . As the e-commerce price of the e-commerce marketplacescceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceplaceceplaceceplaceplaceplaceceplaceplaceplaceplaceplaceplaceceplaceplaceplaceplaceplaceplaceplaceplap market price in the country. The growing call for gift cards is encouraging card issuers to focus on new product progression. and product launches. For example, in July 2019, Google Play introduced its UAE gift card. These gift cards can be used to purchase apps, movies, books, and can also be used at major UAE-founded stores. Additionally, Netflix introduced a new gift card for UAE subscribers in November 2019. The new card serves as a prepaid voucher that allows customers to become Netflix members and pay for their subscriptions. Consumers can purchase these gift cards in virtual or physical form at stores such as Lulu Hypermarketplaceplaceplaceplaceplaceplaceplaceplacelace, Etisalat, Virgin Megastore, Sharaf DG and Carrefour, among others in the United Arab Emirates market. UAE Gift Card Marketceplaceplaceplaceplaceplaceplaceplacepbrush Companies find it affordable to use the e-gift card option for their workers, especially in difficult economic conditions, when raising wages or paying bonuses is not feasible. In April 2019, YouGotaGift, a virtual gift card company, introduced a worker praise solution, Rewards’. Companies can use the rewards to praise their workers for various accomplishments, such as remarkable projects, wonderful work ability, innovation, protection awards, and stellar track records. The company saw a 225% increase in the number of companies that signed up to its virtual loyalty and popularity systems in 2019, this report provides detailed research based on data from the gift card and business card market, accept, accept , accept, accept, accept, place. corporate incentives, as well as customer habit and retail spending dynamics in the UAE. With over two hundred KPIs at the country level, this report provides a comprehensive understanding of the dynamics of the gift card and incentive card market.
Market length of KPI gift cards in segments in the United Arab Emirates
Length of the gift card market to the customer in the United Arab Emirates
The market for virtual gift cards in the United Arab Emirates
Spending gift cards through behavior and demographics in the United Arab Emirates
The length of the gift card market through the public in the United Arab Emirates.
Spending on gifts through product categories (distributed between companies) in the United Arab Emirates
Spending on gift cards through the retail sector (distributed between companies) in the United Arab Emirates
Percentage of closed-circuit gift card market through major stores. Major covered stores include:
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