Loyalty Management Market

Loyalty Management Market 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.

Loyalty Management Market contains market size and forecasts of Loyalty Management in Global, including the following market information:

Global Loyalty Management Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Loyalty Management market was valued at 3894.6 million in 2021 and is projected to reach US$ 9225.5 million by 2028, at a CAGR of 13.1% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Customer Loyalty Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Loyalty Management include Alliance Data Systems Corporation, Oracle Corporation, IBM Corporation, Aimia Inc, SAP SE, Maritz Holdings Inc., Fidelity Information Services, Bond Brand Loyalty and Brierley+Partners, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Loyalty Management companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Loyalty Management Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Loyalty Management Market Segment Percentages, by Type, 2021 (%)

Customer Loyalty

Employee Retention

Channel Loyalty

Global Loyalty Management Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Loyalty Management Market Segment Percentages, by Application, 2021 (%)

BFSI

Travel & Hospitality

Consumer Goods & Retail

Others

Global Loyalty Management Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Loyalty Management Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Loyalty Management revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Loyalty Management revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

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