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Global Loyalty Management Market Size 2022-2027 | Growth Rate (CAGR) of 21.47%

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Global Loyalty Management Market Size 2022-2027 | Growth Rate (CAGR) of 21.47%

November 29
14:46 2022
Global Loyalty Management Market Size 2022-2027 | Growth Rate (CAGR) of 21.47%
Loyalty Management Market Report
The global loyalty management market size reached US$ 2.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2027, exhibiting a growth rate (CAGR) of 21.47% during 2022-2027.

IMARC Group has recently released a new research study titled “Loyalty Management Market Size: Global Industry Trends, Share, Growth, Opportunity, and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the loyalty management industry?

The global loyalty management market size reached US$ 2.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2027, exhibiting a growth rate (CAGR) of 21.47% during 2022-2027.

What is a loyalty management?

A loyalty management system is marketing automation software used to launch, manage and analyze the performance of loyalty programs. It assists in improving customer engagement, generating brand awareness, enhancing the customer experience, and providing points, discounts, coupons, cash back, and revenues.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request and get a sample brochure for free: https://www.imarcgroup.com/loyalty-management-market/requestsample

What are the major market drivers in the loyalty management market?

Loyalty management is employed in the e-commerce industry to optimize the user experience and predict customer behavior for targeted advertising. This, in confluence with the increasing preference for online shopping through smartphones, represents one of the major factors augmenting the market growth. In addition, the rising utilization of loyalty management in the banking, financial service and insurance (BFSI) industry to send automated emails and short message service (SMS) to enhance the experience of the user is contributing to the market growth. Apart from this, the integration of artificial intelligence (AI), machine learning (ML), chatbots, and cloud-based solutions are offering lucrative growth opportunities to industry players.

Get the table of contents with all detailed information: https://www.imarcgroup.com/loyalty-management-market

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Customer Retention
  • Customer Loyalty
  • Channel Loyalty

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium Enterprises

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Industry Vertical:

  • BFSI
  • Retail
  • Travel and Hospitality
  • Manufacturing
  • IT and Telecom
  • Media and Entertainment
  • Healthcare
  • Others

By Geography:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

  • Annex Cloud
  • Bond Brand Loyalty Inc
  • Comarch SA
  • Epsilon Data Management LLC
  • Fidelity Information Services Inc
  • ICF International Inc
  • Kobie Marketing Inc
  • LoyaltyLion
  • Oracle Corporation
  • Paystone Inc
  • SAP SE
  • TIBCO Software Inc

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
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Website: https://www.imarcgroup.com