Top Companies in Loyalty Management Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Loyalty Management Market is projected to reach a value of USD 13,946.0 Million by 2028 at a CAGR of 10.1% over the forecast period.
The Global Loyalty Management Market is valued at USD 7,829.4 Million in 2021 and is projected to reach a value of USD 13,946.0 Million by 2028 at a CAGR of 10.1% over the forecast period. Other factors contributing to this market expansion include the growing use of smartphones globally and improved internet services that make it easy to access the internet.
Other variables impacting the market expansion include the ongoing changes in end-user demographics, increased organization spending on loyalty programs, strict government rules and regulations, and the quickly expanding usage of big data and machine learning.
The retail and e-commerce markets' continued growth and business organizations' change to a customer-centric mindset are contributing factors in the Loyalty Management industry.
Several industry participants have begun to provide mobile loyalty management solutions as smartphone penetration grows. The Global Loyalty Management market is dominated by well-known players like Epsilon (US), Oracle (US), Bond Brand Loyalty (Canada), Kobie (Russia), Brierley+Partners (US), Merkle (US), Capillary (Singapore), Comarch (Poland), ICF Next (US), Maritz Motivation (US), Cheetah Digital (US), ProKarma (US), Jakala (Italy), Annex Cloud (US), Apex Loyalty (US), Fivestars (US), Kangaroo (Canada), LoyaltyLion (England), Smile.io (Canada), Yotpo (US), SailPlay (US), Zinrelo (US), Punchh (US), ClarusCommerce (US), Preferred Patron Loyalty(US), LoopyLoyalty (US), Paystone (UK), and SessionM (US) among others. Numerous industry players have started to offer mobile loyalty management solutions as smartphone adoption rises.
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Let's Take a Look at the Top Market Players that are Captivating the Loyalty Management Market
With recent technologies like AI, cloud computing, blockchain, machine learning, and others, key organizations are concentrating on ongoing product design and portfolio expansion. Also, The Company adjusts its product lineup frequently to stay current with shifting client behavior and loyalty dynamics.
Epsilon is a business that deals with information technology. The business offers call center support, network infrastructure, cyber security, cloud hosting, and managed IT services. Epsilon serves worldwide customers.
The Oracle Corporation makes business information management software. The company provides enterprise business applications, application development, decision support tools, databases, relational servers, and databases. The Oracle software is compatible with network computers, set-top boxes, personal computers, workstations, minicomputers, mainframes, and massively parallel systems.
Bond Brand Loyalty
Bond Brand Loyalty is a company that offers marketing services. The business provides analytics, customer experience, marketing research, and other relevant services in addition to loyalty solutions. In North America, Bond Brand Loyalty offers services to clients.
Brierley+Partners offer programs for building strong customer relationships. The business provides a range of services for loyal customers, including program design, account management, marketing strategy, research, analytics, CRM technology, digital solutions, print production, and fulfillment. The worldwide clientele is served by Brierley & Partners.
Merkle is a company that specializes in performance marketing. The business provides digital media, database marketing, marketing optimization, consultancy, and customer intelligence enablement services. Merkle offers services to clients everywhere.
Creating application software is Capillary Technologies Inc.'s business. The company provides bundled computer software that it designs, develops, and produces. Capillary Technologies offers services to clients all around the world.
Comarch AG is a software development and IT firm. The business provides goods and services in billing, rewards administration, network administration, electronic communication, sales assistance, and corporate information. The government, the financial services industry, and the telecoms sector are all served by Comarch. Comarch is a global company.
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