Rewards and Incentives Service Market

Rewards and incentives services providers typically have partnerships with a variety of online retailers, restaurant chains, travel agencies, or other entertainment companies, and resell or manage the distribution of corresponding credits. Operations teams utilize reward and incentive services to boost team morale, show appreciation for hard work, and provide gifts for holidays and special occasions. Customer accounts are often tracked and managed through online portals, where incentives can be purchased and delivered using a simple interface. Businesses can use performance management software to help identify standout employees and work performance situations that demand special attention.

Rewards and Incentives Service Market contains market size and forecasts of Rewards and Incentives Service in Global, including the following market information:

Global Rewards and Incentives Service Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Rewards and Incentives Service market was valued at 4024.1 million in 2021 and is projected to reach US$ 7131.2 million by 2028, at a CAGR of 8.5% during the forecast period.

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

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

The global key manufacturers of Rewards and Incentives Service include Rybbon, Tremendous, Tango Card, Xoxoday, Giftbit, Blackhawk Network, Gyft (First Data Corporation), eGifter and Global Reward Solutions, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Rewards and Incentives Service 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 Rewards and Incentives Service Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Rewards and Incentives Service Market Segment Percentages, by Type, 2021 (%)

Digital Rewards

Rewards in Kind

Global Rewards and Incentives Service Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Rewards and Incentives Service Market Segment Percentages, by Application, 2021 (%)

For Employees

For Customers

Global Rewards and Incentives Service Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Rewards and Incentives Service 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 Rewards and Incentives Service revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Rewards and Incentives Service revenues share in global market, 2021 (%)

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

Rybbon

Tremendous

Tango Card

Xoxoday

Giftbit

Blackhawk Network

Gyft (First Data Corporation)

eGifter

Global Reward Solutions

Gravy Gifts

Square

Giftogram

Knowband

Self-Service Networks

HMI Performance Incentives