Global Loyalty Management Market to Reflect Impressive Growth Rate of 21.13% by 2023 - Aimia, IBM, Oracle, Comarch SA, SAP SE, Fidelity Information Services, TIBCO

Marketprognosis.com Publish a New Market Research Report On “Loyalty Management Market - Growth, Trends and Forecasts (2018 - 2023)” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Loyalty Management Market:

The Global Loyalty Management Market was valued at USD 2,160.06 Million in 2017, and it is expected to reach a value of USD 6,823.01 Million by 2023, at a CAGR of 21.13% during the forecast period (2018-2023).

Loyalty Management is adopted by key companies across various industry verticals, whose primary focus is on client retention and further building of sustainable customer relationships. Moreover, high cost of customer acquisition is forcing companies to develop their own business model, focusing on client retention. The market has been driven by the need for customer centric strategies as well as the increasing number of card holders across the globe. However, the lack of awareness about loyalty programs is expected to hinder the growth of the loyalty management market.

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France has the lowest card penetration in Western Europe, with less than one payment card per person in circulation. However, the emergences of new channels, such as NFC payments, are expected to aid the market for loyalty management. Recently, retailers in the country have launched a pair of pilots with an NFC option, one for loyalty and the other to identify customers when customers pick up purchases after shopping online from home. Also, being the third most popular destination for cross-border online shopping and holiday destination among European countries, topped only by the United Kingdom and Germany, merchants in this region are adopting loyalty management services to attract more tourists.

According to the association, Francaise du Sans Contact Mobile, approximately one million NFC-enabled handsets have been sold, and the figure was estimated at 2.5 million handsets in 2016. Major companies in this region are offering rewards or loyalty points to customers to increase the usage of NFC payments. In 2016, France’s e-Commerce market reached USD 42 billion and is projected to surpass USD 56.45 billion by 2020. The number of digital buyers in the country is growing steadily, with over 30 million providing opportunities for the market players.

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Major Key Players:

1 Aimia Inc.

2 IBM Corporation

3 Oracle Corporation

4 Comarch SA

5 SAP SE

6 Epsilon Data Management LLC

7 Fidelity Information Services Inc.

8 TIBCO Software and More…………….

This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

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In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Loyalty Management Market.

Table of Contents:

1 Introduction

2 Research Scope & Methodology

3 Market Analysis

4 Market Dynamics

5 Technology Snapshot

6 Segmentation - By Type of Solution

7 Segmentation By Industry Vertical

8 Segmentation - By Deployment

9 Segmentation - By User-handling Capacity

10 Segmentation - By Geography

11 Vendor Market Share Analysis

12 Competitive Intelligence - Key Vendor Profiles

13 Investment Analysis

14 Future of the Market

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This release was published on openPR.