Loyalty Management Market will see massive growth of worth 4.59 Billion USD by 2021

Loyalty Management Market research study by Type of Solution : Customer Loyalty, Employee Retention, and Channel Loyalty | By Deployment Type : On-Premises and On-Demand | Global Forecast

(EMAILWIRE.COM, June 29, 2018 ) According to a new market research report “Loyalty Management Market by Type of Solution (Customer Loyalty, Employee Retention, and Channel Loyalty), Deployment Type (On-Premises and On-Demand), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2021", The loyalty management market is projected to grow from USD 1.68 Billion in 2016 to USD 4.59 Billion by 2021, at a CAGR of 22.2% during the forecast period, 2016 to 2021.

Browse 68 market data tables and 56 figures spread through 147 pages and in-depth TOC on “Loyalty Management Market"

Early buyers will receive 10% customization on this report

“Among solutions, the customer loyalty segment is expected to lead the loyalty management market during the forecast period.”

Customer loyalty management solutions measure the success of a supplier in retaining a long-term relationship with its customers. Customer loyalty management solutions incline customers towards choosing a particular product against other products available in the market. Factors, such as need of the companies to obtain high return on investments (ROIs) to increase their profits and achieve competitive advantage over others to win customer loyalty are expected to drive the adoption of customer loyalty management solutions by companies, thereby fueling the growth of the customer loyalty segment of the loyalty management market during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=172873907

“Among verticals, the manufacturing segment of the loyalty management market is projected to grow at the highest CAGR between 2016 and 2021.”

Among verticals, the manufacturing segment of the loyalty management market is projected to grow at the highest CAGR during the forecast period. The growth of the manufacturing segment of the loyalty management market is driven by consumer-centric approach followed by the manufacturing companies, along with increased need to retain their existing customers. The manufacturing industry is expected to adopt loyalty management solutions to enhance experience of customers from the point of purchase to post-purchase services. Moreover, manufacturing companies are also expected to invest in loyalty management solutions to retain their existing customers as well as acquire new loyal customers.

Rising need for competitive differentiation among organizations to increase their market shares is one of the major drivers for the growth of the loyalty management market. Other factors driving the growth of the loyalty management market include frequent shift in consumer demographics, increasing focus of loyalty programs on customer segmentations, significant rise in use of mobile technologies, and increase in the number of cardholders.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road, Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Blog: http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets