Pune, India -- (SBWIRE) -- 01/25/2019 -- The Loyalty Management market report provides the main data on the state of the industry and is a valuable source of guidance and direction for industries and individuals interested in the market. Global Loyalty Management market report considering other factors like their chain of production, manufacturers, and supply & demand, price format for business is also organized in this report.

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 Loyalty Management market has been driven by the need for a customer centric strategies as well 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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The Loyalty Management market is estimated to develop CAGR of 21.13% during the forecast period 2018-2023.

Regional Analysis of Loyalty Management Market:

The Loyalty Management market gives assessments for the regional level analysis with Production, Sales, Consumption, Imports, and Exports. Following are the Geographical region covers in the Loyalty Management market research report.

US, Canada, UK, Germany, France, China, Japan, India, South Korea, Brazil, Mexico, Argentina, UAE, Saudi Arabia, South Africa.

Competitive Analysis of Loyalty Management Market:

The Loyalty Management market report includes the key challenges market, segmentation, drivers and market dynamics. Major players operating in the global Loyalty Management market include Aimia Inc., IBM Corporation, Oracle Corporation, Comarch SA, SAP SE, Epsilon Data Management LLC, Fidelity Information Services Inc., TIBCO Software, Martiz Holdings Inc. Kobie Marketing Inc. , And many more….

Firms in the Loyalty Management market are accepting some strategies like new product development to increase market saturation.

History Year: 2013-2017

Base Year: 2017

Estimated Year: 2018

Forecast Year 2018 to 2023

Key Developments in the Loyalty Management Market:

-October 2017- Tibco acquired Alpine Data to add collaborative project management for advanced analytics. The acquisition is expected increase the company's expertise in analytics to help customers get more out of data science and machine learning investments.

-October 2017- Aimia Inc.partnered with SuperValu, Ireland's leading grocery retailer, signed a multi-year contract with Musgrave, owner of SuperValu, Ireland's leading grocery retailer, to revamp its Real Rewards Program, underpinned by the Aimia Loyalty Platform.

-August 2017- Comrach opened its subsidiary office in Japan, which operates in IT systems for providers of telecommunications services, loyalty solutions, and products supporting customer relationship management and outsourcing services, IT infrastructure, and data centre services.

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Report Highlights:

The Loyalty Management market report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, the Loyalty Management market report provides insights into the factors that are driving and restraining the demand for the application security market. Moreover, the study highlights current market trends and offers a forecast. The market report also has highlighted future trends in the application security market that will impact the demand during the forecast period. Moreover, the competitive analysis of the application security market brings insight into the product usability profiles of the leading players. Additionally, this report analysis highlights features & pricing, informant reviews of the key products in the market.

Loyalty Management Market Dynamics:

Drivers
- Implementation Of A Customer-Centric Approach Across Businesses
- Intensified Competition Increasing The Cost Of Customer Acquisition

Restraints
- Lack Of Knowledge About Loyalty Program Benefits

Market Oppurtunities
- Intensified Competition Increasing The Cost Of Customer Acquisition

Segmentation - By Type of Solution:

-B2C Solution
-B2B Solution
-Corporate

Segmentation By Industry Vertical:

-BFSI
-Consumer Goods & Retail
-Healthcare
-IT & Telecom
-Travel & Hospitality
-Manfacturing
-Others

Segmentation - By Deployment:

-On-premise
-On-demand

Segmentation - By User-handling Capacity:

-Limited
-Extended

Reason to Buy the Loyalty Management Market Report:

-Ability to quantify enduring populations in global Loyalty Management market to target the development of future products, pricing strategies, and launch plans.

-Further insight into the prevalence of the subdivided types of Loyalty Management and identification of segments with high potential.

-Current and future of Loyalty Management market outlook in the established and emerging markets

-Analysis of various viewpoints of the market with the help of Porter's five forces analysis

-The segment that is predictable to dominate the market

-Identification of Loyalty Management sub-populations that require in management.

-Better understanding of the specific markets that have the largest number of Loyalty Management industry.

-Loyalty Management market helps in making informed business decisions by having complete insights of market and by making an in-depth analysis of market segments.

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