Retail Bank Loyalty Program Market to Soar at 5.8% CAGR to 2024 | Maritz, FIS Corporate, IBM, Aimia, TIBCO Software, Hitachi-solutions, Oracle Corporation, Comarch

Global Retail Bank Loyalty Program Market 2019 by Company Regions Type and Application Forecast to 2024

Loyalty programs are structured marketing strategies designed by merchants to encourage customers to continue to shop at or use the services of businesses associated with each program. These programs exist covering most types of business, each one having varying features and rewards schemes.

Loyalty programs have emerged as one of the key marketing tools in the global retail banking industry. Retail banks offer a number of loyalty programs in developed economies, however many of these are commoditized. This has compelled banks to introduce innovative programs in order to remain both competitive and profitable.

There is also an increased pressure on costs due to new regulatory trends in last five years. Loyalty programs are being viewed as an important revenue-driving tool and have been proven to reduce customer acquisition costs. Retail banking in emerging economies is still in its developmental stages, as illustrated by its relatively low loyalty program penetration rates.

Retail banking is a typical mass-market banking industry that lets its customers use local branches of the more widespread commercial banking establishments. Retail banking is also generally known as consumer banking. Its services include mortgages, certificates of deposit (CDs), savings and checking accounts, debit/credit cards, and personal loans. The retail banking sector mainly focuses on catering to the needs of its retail clients.

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Companies Profiled in this report includes: Maritz, FIS Corporate, IBM, Aimia, TIBCO Software, Hitachi-solutions, Oracle Corporation, Comarch., Loyalty Lab, Exchange Solutions, Bpm'online, Customer Portfolios

The global economic slowdown adversely affected the banking industry of key markets across the globe. To improve their financial performance, banks implemented cost-saving initiatives. As part of such initiatives, banks launched loyalty programs through low-cost channels such as mobile platforms and social media sites.

The global Retail Bank Loyalty Program market is valued at 880 million USD in 2018 and is expected to reach 1240 million USD by the end of 2024, growing at a CAGR of 5.8% between 2019 and 2024.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Retail Bank Loyalty Program.

This report studies the Retail Bank Loyalty Program market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Retail Bank Loyalty Program market by product type and applications/end industries.

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Table of Content:

1 Retail Bank Loyalty Program Market Overview

2 Manufacturers Profiles

2.1 Maritz

2.1.1 Business Overview

2.1.2 Retail Bank Loyalty Program Type and Applications

2.1.2.1 Product A

2.1.2.2 Product B

2.1.3 Maritz Retail Bank Loyalty Program Revenue, Gross Margin and Market Share (2017-2018)

2.2 FIS Corporate

2.2.1 Business Overview

2.2.2 Retail Bank Loyalty Program Type and Applications

2.2.2.1 Product A

2.2.2.2 Product B

2.2.3 FIS Corporate Retail Bank Loyalty Program Revenue, Gross Margin and Market Share (2017-2018)

2.3 IBM

2.3.1 Business Overview

2.3.2 Retail Bank Loyalty Program Type and Applications

2.3.2.1 Product A

2.3.2.2 Product B

2.3.3 IBM Retail Bank Loyalty Program Revenue, Gross Margin and Market Share (2017-2018)

2.4 Aimia

3 Global Retail Bank Loyalty Program Market Competition, by Players

4 Global Retail Bank Loyalty Program Market Size by Regions

5 North America Retail Bank Loyalty Program Revenue by Countries

6 Europe Retail Bank Loyalty Program Revenue by Countries

7 Asia-Pacific Retail Bank Loyalty Program Revenue by Countries

8 South America Retail Bank Loyalty Program Revenue by Countries

9 Middle East and Africa Revenue Retail Bank Loyalty Program by Countries

10 Global Retail Bank Loyalty Program Market Segment by Type

11 Global Retail Bank Loyalty Program Market Segment by Application

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