Loyalty Management Market by Type, Solution, Deployment Mode, Operator, Vertical

List of Tables

[181 Pages Report] The Loyalty Management Market size was estimated at USD 10.68 billion in 2023 and expected to reach USD 12.31 billion in 2024, at a CAGR 16.22% to reach USD 30.61 billion by 2030.

Loyalty management software and solutions assist businesses to create, manage, and reward customer loyalty. Loyalty management software can help automate the delivery of points or discounts, track customer activity, and offer personalized offers. The growing need to enhance customer experiences and efficiently retain existing customers is resulting in increased adoption of loyalty management solutions by businesses. Additionally, enterprises are employing loyalty management solutions to provide personalized incentives, tiered benefits, and non-financial rewards, including gamification elements to their customers to create cordial connections with their customers and foster long-term loyalty. However, data synchronization and security issues may refrain businesses from adopting loyalty management solutions. Nevertheless, the technological advancements and introduction of loyalty management mobile applications are anticipated to increase the adoption of loyalty management software and solutions by the end-use sectors.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.68 billion
Estimated Year [2024]	USD 12.31 billion
Forecast Year [2030]	USD 30.61 billion
CAGR (%)	16.22%

Regional Insights

The loyalty management market in the Americas is evolving owing to the presence of well-established businesses and significant innovations in loyalty management solutions. The growing digitalization and adoption of cutting-edge technologies across businesses in the Americas encourage implementing customer-centric solutions to enhance the customer experience and increase brand loyalty. The growing utilization of mobile applications and online portals to manage and track customer activities have influenced business organizations' use of loyalty management solutions in the APAC region. Government initiatives to increase digitalization across businesses and implementation of innovative solutions to build brand loyalty and customer base are creating immense potential for loyalty management solutions in the EMEA region. Moreover, enterprises across the globe are emphasizing developing innovative solutions to meet changing customer needs and maximize success in the dynamic business environment and are expected to encourage the adoption of loyalty management solutions by businesses worldwide.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Loyalty Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising need to monitor customer score and enhance customer engagement
- Rapidly growing applications of big data and machine learning
- Governmnet initiatives for digitalization across end-use industries

Market Restraints
- Complexity in data synchronization due to presence of multiple data collection channels

Market Opportunities
- Advancements in loyalty management software to personalize loyalty programs
- Emergence of loyalty management mobile applications

Market Challenges
- Concerns regarding data theft and data security

Market Segmentation Analysis
- Type: Increasing demand for managed loyalty programs owing to the broader shift toward digitalization
- Vertical: Widening adoption in the retail & consumer goods sector due to intense competition and frequent interactions with customers

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Loyalty Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Loyalty Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Capillary Makes Third Acquisition in the US; Acquires Tenerity's Digital Connect Assets

Capillary Technologies made a significant move by acquiring Tenerity's Digital Connect Assets to create a robust rewards solution, now known as Rewards+. The acquisition enabled Capillary to offer a comprehensive suite of products, including a technology platform, consulting services, loyalty program design, analytics, rewards network, and marketing communications in the U.S. and Europe. [Published On: 2023-06-07]

Points4Purpose Expands into U.S. Market, Revolutionizing Cause-Related Loyalty Programs

Points4Purpose Inc., an Australian loyalty platform, announced to expand its innovative loyalty program to the United States. The expansion aims to introduce a white-label card-linked solution, enabling consumers to shop, save, and donate their cashback to a cause close to their hearts. In addition, Points4Purpose is launching CommunityRewards, a loyalty coalition program that integrates sustainable fundraising rewards to complement traditional charitable sources. [Published On: 2023-06-01]

Salesforce and Polygon Partner on NFT Loyalty Program

Salesforce Inc. partnered with Polygon Labs to develop a proprietary loyalty program based on Non-Fungible Tokens (NFTs). Through this collaboration, companies can leverage Salesforce's loyalty program and blockchain rewards for their customers. [Published On: 2023-03-22]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Loyalty Management Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Loyalty Management Market, highlighting leading vendors and their innovative profiles. These include AAAecommerce, Inc., Annex Cloud, Antavo Limited, Blue Ocean Contact Centers, Inc., Bond Brand Loyalty Inc., Boomerangme, Inc., Capillary Technologies, Cerillion Technologies Ltd., Comarch S.A., Epsilon Data Management, LLC, Froogal Innovations Inc, IBS Software Private Limited, ICF International, Inc., International Business Machine Corporation, Kobie Marketing, Kognitiv Corporation, Maritz Holdings Inc., Microsoft Corporation, Oracle Corporation, Preferred Patron Loyalty, LLC, Salesforce, Inc., SAP SE, SessionM by Mastercard International Incorporated, Tibco Software by Cloud Software Group, Inc., and Yotpo Ltd..

Market Segmentation & Coverage

This research report categorizes the Loyalty Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Managed
- Standalone

Solution
- Channel Loyalty
- Customer Loyalty
- Customer Retention

Deployment Mode
- On-Cloud
- On-Premise

Operator
- Business-to-Business
- Business-to-Consumer

Vertical
- Automobile
- Aviation
- BFSI
- Hospitality
- Media & Entertainment
- Retail & Consumer Goods
  - Convenience Stores
  - Specialty Stores
  - Supermarkets & Hypermarkets
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-435D907300B8

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising need to monitor customer score and enhance customer engagement
  - 5.1.1.2. Rapidly growing applications of big data and machine learning
  - 5.1.1.3. Governmnet initiatives for digitalization across end-use industries
- 5.1.2. Restraints
  - 5.1.2.1. Complexity in data synchronization due to presence of multiple data collection channels
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in loyalty management software to personalize loyalty programs
  - 5.1.3.2. Emergence of loyalty management mobile applications
- 5.1.4. Challenges
  - 5.1.4.1. Concerns regarding data theft and data security
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing demand for managed loyalty programs owing to the broader shift toward digitalization
- 5.2.2. Vertical: Widening adoption in the retail & consumer goods sector due to intense competition and frequent interactions with customers
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Loyalty Management Market, by Type

6.1. Introduction
6.2. Managed
6.3. Standalone

7. Loyalty Management Market, by Solution

7.1. Introduction
7.2. Channel Loyalty
7.3. Customer Loyalty
7.4. Customer Retention

8. Loyalty Management Market, by Deployment Mode

8.1. Introduction
8.2. On-Cloud
8.3. On-Premise

9. Loyalty Management Market, by Operator

9.1. Introduction
9.2. Business-to-Business
9.3. Business-to-Consumer

10. Loyalty Management Market, by Vertical

10.1. Introduction
10.2. Automobile
10.3. Aviation
10.4. BFSI
10.5. Hospitality
10.6. Media & Entertainment
10.7. Retail & Consumer Goods

11. Americas Loyalty Management Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Loyalty Management Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Loyalty Management Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Capillary Makes Third Acquisition in the US; Acquires Tenerity's Digital Connect Assets
- 14.3.2. Points4Purpose Expands into U.S. Market, Revolutionizing Cause-Related Loyalty Programs
- 14.3.3. Salesforce and Polygon Partner on NFT Loyalty Program
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio