Elevated Adoption to Incentivize Workers Working Remotely, Digital Gifting, and Initiatives Undertaken by Governments

DUBLIN, Sept. 19, 2022 /PRNewswire/ — The “Nigeria Present Card and Incentive Card Market Intelligence and Future Development Dynamics (Databook) – Q1 2022 Replace” report has been added to  ResearchAndMarkets.com’s providing.


Traditionally, the present card market in Nigeria has recorded a gradual progress with a CAGR of 13.3% throughout 2017-2021. Nigeria’s present card business within the nation is anticipated to develop by 15.6% on annual foundation to succeed in US$1658.7 million in 2022.

The expansion momentum is anticipated to proceed to develop over the forecast interval, recording a CAGR of 11.7% throughout 2022-2026. The present card market within the nation will improve from US$1435.0 million in 2021 to succeed in US$2583.9 million by 2026.

Present card market in 2021 was pushed a variety of things, which supported progress throughout retail and company segments. The first components included progress of ecommerce, elevated adoption to incentivize staff working remotely, digital gifting, and initiatives undertaken by authorities, hospitality, and journey industries to revive progress. Although the present card market was impacted as a consequence of COVID-19, the market is anticipated to bounce again within the coming quarters, particularly in H1 2022.

Present card business in Nigeria has accomplished nicely to resist the affect of financial slowdown together with damaging enterprise and client sentiment as a consequence of disruption brought on by Covid-19 outbreak. Regardless of near-term challenges in 2022, medium to long run progress story of present playing cards in Nigeria stays robust. The present card business in Nigeria is anticipated to develop steadily in H1 2022 and report a powerful progress in H2 2022.

Causes to purchase

  • In-depth understanding of present card and incentive card market dynamics: Perceive market alternative, key tendencies and drivers together with five-year forecast (2017-2026) for present playing cards and incentive playing cards in Nigeria.
  • Develop market particular methods: Determine progress segments and goal particular alternatives throughout client segments and events to formulate your present playing cards technique; assess market particular key tendencies and dangers.
  • Get insights into client perspective and behavior in Nigeria: Perceive altering client perspective and behavior and enhance ROI. Get detailed insights into retail spend by present playing cards for each retail and company shoppers.
  • Get full perspective by six important KPIs: variety of playing cards in circulation, load worth, unused worth, common buy worth, common worth per transaction, and worth of transactions.
  • Distribution channel insights: Perceive present playing cards gross sales dynamics by channels – on-line vs offline and by 1st get together vs third get together gross sales.

Scope

Whole Spend on Presents in Nigeria

  • By Client Phase (Retail and Company)
  • By Product Classes (13 Segments)
  • By Retail Sectors (7 Segments)

Present Card Market Dimension by KPIs throughout Client Segments in Nigeria

  • Gross Load Worth
  • Transaction Worth
  • Unused Worth
  • Common Worth Per Transaction
  • Transaction Quantity
  • Common Worth of Card Bought
  • Variety of Playing cards

Present Card Market Dimension by Client Phase in Nigeria

  • Retail Client
  • Company Client (Small Scale, Mid-Tier, Massive Enterprise)

Digital Present Card Market Dimension in Nigeria

  • By Retail Client
  • By Retail Buy Event
  • By Company Client
  • By Company Buy Event
  • By Firm Dimension

Present Card Market Dimension by Retail Client in Nigeria

  • By Purposeful Attribute
  • By Occasion1. Festivals & Particular Celebration Days
    2. Milestone Celebration
    3. Self-Use
    4. Different
  • Worth by Buy Channel

Present Card Spend by Client Conduct and Demographics in Nigeria

  • Client Buy Behaviour
  • Present Card Purchaser by Age Group
  • Present Card Purchaser by Earnings Stage
  • Present Card Purchaser by Gender

Present Card Market Dimension by Company Client in Nigeria

  • By Purposeful Attribute
  • By Occasion1. Worker Incentive
    2. Gross sales Incentive
    3. Client Incentive
  • By Scale of Enterprise

Present Spend by Product Classes (Cut up by Retail and Company Shoppers) in Nigeria

  • Meals & Beverage
  • Well being, Wellness & Magnificence
  • Attire, Footwear & Equipment
  • Books & Media Merchandise
  • Client Electronics
  • Eating places & Bars
  • Toys, Children, and Infants
  • Jewellery
  • Sporting Items
  • Dwelling & Kitchen Equipment & Home equipment
  • Journey
  • Leisure & Gaming
  • Different

Present Card Spend by Retail Sector (Cut up by Retail and Company Shoppers) in Nigeria

  • Ecommerce & Division Shops
  • Eating places & Bars
  • Grocery store, Hypermarket, Comfort Retailer
  • Leisure & Gaming
  • Specialty Shops
  • Well being & Wellness
  • Journey

Present Card Spend by Distribution Channel (Cut up by Retail and Company Shoppers) in Nigeria

  • Present Card On-line Gross sales
  • Present Card Offline Gross sales
  • 1st Occasion Gross sales
  • third Occasion Gross sales
  • Gross sales Uplift

For extra details about this report go to https://www.researchandmarkets.com/r/fgxs23

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