Global Loyalty Management Market Growth (Status and Outlook) 2023-2029

Global Loyalty Management Market Growth (Status and Outlook) 2023-2029

Product Code:454857

Published Date: Feb 08,2023

Pages: 102

Region: Global

Category: Service & Software

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This report studies the Loyalty Management market. Loyalty management deals with designing of rewards to consumers for past purchase as well as provides them incentives with an objective to make future purchase. Rewards program aims at providing strong value to the customers followed by improved customer penetration, cross selling and retention. A loyalty management system consists of operational parameters which include funding options, program design and transaction types among others. In addition, it also includes various value parameters such as redemption thresholds, redemption options and earn rates. Many organizations are focusing on spending on loyalty programs owing to their offerings. The offerings include expansion of coverage to daily consumer spending, innovative rewards leading to an increase in scope for consumer response and retention followed by collaboration opportunities for enhanced services .Loyalty management software tools basically aims at building successful loyalty program for business and individual customers. Key enterprises are focusing on implementing these tools with an objective to maintain high customer satisfaction, by providing specialized loyalty programs which includes special auctions, lotteries, coupons or benefits through one platform.

LPI (LP Information)' newest research report, the “Loyalty Management Industry Forecast” looks at past sales and reviews total world Loyalty Management sales in 2022, providing a comprehensive analysis by region and market sector of projected Loyalty Management sales for 2023 through 2029. With Loyalty Management sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Loyalty Management industry.

This Insight Report provides a comprehensive analysis of the global Loyalty Management landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Loyalty Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Loyalty Management market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Loyalty Management and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Loyalty Management.

The global Loyalty Management market size is projected to grow from US$ 3702.7 million in 2022 to US$ 9386.4 million in 2029; it is expected to grow at a CAGR of 14.2% from 2023 to 2029.

America has the largest global sales in Loyalty Management market, while the Europe is the second sales volume market for Loyalty Management. 
In the industry, Alliance Data Systems Corporation profits most and recent years, while Oracle Corporation and IBM Corporation ranked 2 and 3. The market share of them is 39%, 11% and 9%.

Nowadays, there are three mainly types of Loyalty Management, including Customer Loyalty, Employee Retention and Channel Loyalty. And Customer Loyalty is the main type for Loyalty Management, and the Customer Loyalty, with 67% of global sales value.

This report presents a comprehensive overview, market shares, and growth opportunities of Loyalty Management market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Customer Loyalty
    Employee Retention
    Channel Loyalty

Segmentation by application
    BFSI
    Travel & Hospitality
    Consumer Goods & Retail
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Alliance Data Systems Corporation
    Oracle Corporation
    IBM Corporation
    Aimia Inc
    SAP SE
    Maritz Holdings Inc.
    Fidelity Information Services
    Bond Brand Loyalty
    Brierley+Partners
    ICF International, Inc.
    Kobie Marketing, Inc.
    Tibco Software
    Comarch