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Loyalty Management Market Trends, Future Outlook, COVID-19 Impact Analysis, Forecast 2022-2028

The global loyalty management market is anticipated to grow at a CAGR of 15.6% during the forecast period. The rising inclination of customers towards the loyalty programs is expected to drive the global loyalty management market. With increasing digitalization, there has been an increasing engagement of the consumers to the brands via digital touchpoints. These digital interactions are experienced by the customers via smartphones, websites, and social media; which are vital for the growth and profitability of the business. Therefore, key player of these market are upgrading their loyalty programs by adopting different approaches.

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For instance, June 2021, Evolving Systems, Inc. announced that the Cellcard Cambodia is upgrading to the new Evolution platform to enhance its loyalty program, Cellcard Club, to drive more personalized and relevant offers to subscribers through various digital media (including social media channels) in real-time. In the same month, PayU, India’s online payments solutions provider has launched ‘Pay with Rewards’ initiative, India’s largest online aggregation of loyalty programs across brands, in partnership with Twid, India’s first reward points-based payment network. Through this consumers can pay for up to 100% of their purchases through rewards and loyalty points by simply collecting loyalty points and alternate currencies of multiple brands on a single platform.

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Market Coverage

  • The market number available for – 2020-2027
  • Base year- 2020
  • Forecast period- 2021-2027
  • Segment Covered-

o             By Type

o             By End-User Industry

  • Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

  • Competitive Landscape- Apex Loyalty, Clutch Holdings LLC, Fivestars Loyalty, Inc., Gold-Vision CRM, Goody Inc., iVend Retail, Kangaroo Rewards, and so on

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Loyalty Management Market Report Segment

By Type

  • Customer Loyalty
  • Employee Loyalty
  • Channel Loyalty

By End-User Industry

  • BFSI
  • Retail
  • Travel & Hospitality
  • Others

Loyalty Management Market– Segment by Region

North America          

  • United States
  • Canada

Europe

  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific   

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

  • Middle East & Africa
  • Latin America

Company Profiles

  • Aimia Inc.
  • AiTrillion, Inc.
  • Apex Loyalty
  • Blue Ocean Contact Centers Inc.
  • Capillary Technologies Inc.
  • Clutch Holdings LLC
  • Comarch SA
  • Epsilon Data Management LLC
  • Fivestars Loyalty, Inc.
  • Gold-Vision CRM
  • Goody Inc.
  • IBM Corp.

Reasons to Buying From us –

  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
  2. More than 120 countries are for analysis.
  3. Over 100+ paid data sources mined for investigation.
  4. Our expert research analysts answer all your questions before and after purchasing your report.

 

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

 

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