Loyalty Management Market 2018 – 2023 will grow at a CAGR of 17.5% in terms of revenue

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Loyalty Management Market Size 2018 | Global Opportunity Analysis by Key Players (Alliance Data Systems Corporation, Oracle Corporation…) & Forecast-2023

PUNE, MAHARASHTRA, INDIA, October 16, 2018 /EINPresswire.com/ — New Study Report On “Loyalty Management Market Size 2018 | Global Opportunity Analysis by Key Players (Alliance Data Systems Corporation, Oracle Corporation, IBM Corporation…), Type, Application, Region, Competitive Share, Growth Potential, Emerging Trends, Status and Forecast – 2023”

Loyalty Management will register a 17.5% CAGR in terms of revenue; reach US$ 5240 million by 2023, from US$ 1990 million in 2018

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This report studies the Loyalty Management Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Loyalty Management market analysis segmented by companies, region, type and applications in the report.

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.

Nowadays, there are three mainly types of Loyalty Management, including Customer Loyalty, Employee Retention and Channel Loyalty. And Customer Loyalty is the main type for Loyalty Management, and the Customer Loyalty reached a sales value of approximately 1330.99 M USD in 2017, with 66.76% of global sales volume.

Loyalty Management market continues to evolve and expand in terms of the number of companies, products, and applications that illustrates the growth perspectives. The report also covers the list of Product range and Applications with SWOT analysis, CAGR value, further adding the essential business analytics. Loyalty Management market research analysis identifies the latest trends and primary factors responsible for market growth enabling the Organizations to flourish with much exposure to the markets.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Top manufacturers/players:

• Alliance Data Systems Corporation
• Oracle Corporation
• IBM Corporation
• Aimia Inc
• Maritz Holdings Inc.
• Fidelity Information Services
• Bond Brand Loyalty
• Brierley+Partners
• ICF International, Inc.
• Kobie Marketing, Inc.…

By Type:
• Customer Loyalty
• Employee Retention…

By Application:
• Travel and Hospitality
• Consumer Goods and Retail…

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The Loyalty Management market research report completely covers the vital statistics of the capacity, production, value, cost/profit, supply/demand import/export, further divided by company and country, and by application/type for best possible updated data representation in the figures, tables, pie chart, and graphs. These Loyalty Management market data representations provide predictive data regarding the future estimations for convincing market growth. The detailed and comprehensive knowledge about our publishers makes us out of the box in case of market analysis.

Market Segment by Regions, regional analysis covers

• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key questions answered in this report

• What are the key Loyalty Management market trends?
• What is driving this Loyalty Management market?
• What are the challenges to Loyalty Management market growth?
• Who are the key vendors in this Loyalty Management market space?

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Source: EIN Presswire