Loyalty Management Solutions Market Globally Expected to Drive Growth through 2026
Fact.MR has announced the addition of the “Loyalty Management Solutions Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2026"report to their offering.
[USPRwire, Wed Sep 11 2019] Global Loyalty Management Solutions Market: Introduction
Loyalty management solutions are designed to reward customers for their purchases by providing incentives, which will encourage them purchase more in future. Thus, loyalty management solutions enable customer retention, improve customer penetration & cross selling, as well as provide strong value propositions to customers.
Loyalty management solutions mostly comprise different operational parameters, such as earn rates, redemption options and redemption thresholds. Loyalty management solutions are an important part of any business as loyalty management solutions help elevate the business to a higher level. Moreover, loyalty management solutions enable companies to enhance customer loyalty, which ultimately leads to higher revenue. Loyalty management solutions incorporate effective and planned activities to manage, relate, select and control the buying behaviour of consumers. In addition, loyalty management solutions help gather more insight and data to create a more refined customer profile. Thus, loyalty management solutions not only positively impact brand value, but also attract as well as retain potential customers. By providing customised loyalty management solutions such as coupons, special auctions, or benefits through a single platform, enterprises are trying to maintain a high level of customer satisfaction.
Global Loyalty Management Solutions Market: Drivers and Challenges
Increased focus on customer satisfaction and customer experience management is one of the major factors driving the loyalty management solutions market. Growth in the number of cardholders and increase in the usage of reward points as cash are important factors expected to boost the demand for loyalty management solutions over the forecast period. Increase in the application of machine learning and Big Data helps systems automate customer experience programs, which is also boosting the loyalty management solutions market. Moreover, the proliferation of mobile technologies requires real-time loyalty management solutions that can be accessed with the help of mobile devices even in the absence of the customer.
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However, government laws and regulations as a result of lack of awareness about the benefits of loyalty management solutions are hindering the growth of the loyalty management solutions market. Another major challenge faced by the loyalty management solutions market is the failure to create strong bonds between brands & customers and failure to develop successful loyalty programs. These challenges are expected to hamper the growth of the loyalty management solutions market.
Global Loyalty Management Solutions Market: Segmentation
The loyalty management solutions market can be segmented on the basis of solution type, organisation size, deployment, vertical and region.
The loyalty management solutions market segmentation by solution type:
The loyalty management solutions market segmentation by organization size:
Small & medium enterprises
The loyalty management solutions market segmentation by deployment:
The loyalty management solutions market segmentation by vertical:
Media & Entertainment
Global Loyalty Management Solutions Market: Competition Landscape
Some of the market participants in the global loyalty management solutions market identified across the value chain include Aimia Inc., IBM Corporation, Comarch SA, Epsilon Data Management LLC, Oracle Corporation, SAP SE, Fidelity Information Services Inc., Bond Brand Loyalty Inc., Martiz Holdings Inc., Brierley+Partners, TIBCO Software and Microstrategy, Inc.
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In October 2017, SuperValu, Ireland's grocery retailer, partnered with Aimia Inc. and signed a multi-year agreement to revamp its real rewards program supported by the Aimia Loyalty Platform.
Global Loyalty Management Solutions Market: Regional Outlook
The loyalty management solutions market can be segmented based on region into North America, Latin America, Europe, CIS & Russia, Japan, APEJ and Middle East & Africa.
North America is expected to dominate the loyalty management solutions market with the largest market share over the forecast period due to increasing focus on cross selling and customer retention by major industry verticals that include healthcare, BFSI and others. The loyalty management solutions market in APEJ is expected to witness significant growth due to increased focus on a customer-centric approach and increasing usage of mobile technologies.
The report covers exhaustive analysis on,
Historical Actual Market Size, 2013-2017
Market Size & Forecast, 2018 to 2028
Market Current Trends/Issues/Challenges
Competition & Companies Involved
Market Drivers and Restraints
Regional analysis includes,
Rest of LatAm
EU – 4 (Germany, France, Italy, Spain)
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep., etc.)
Rest of Europe
CIS & Russia
Rest of APEJ
Middle East & Africa
Rest of MEA
The report is a compilation of first-hand information, qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts & industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current, and projected market size in terms of value
Recent industry trends and developments
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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