Asia-Pacific Loyalty Management Market, By Component (Solutions and Services), Deployment Type (Cloud and On-Premises), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), Operator (Business-to-Business and Business-to-Customer), Application (Web and Mobile), Vertical (BFSI, Aviation, Automotive, Media and Entertainment, Retail and Consumer Goods, Hospitality and Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Asia-Pacific Loyalty Management Market
Data Bridge Market Research analyses that the loyalty management market will exhibit a CAGR of 25.9% for the forecast period of 2022-2029.
Loyalty management is rewards are being designed for the customers for past purchase and also provides incentives to them with an objective to influence them to make a purchase in future. Customer retention improves business margins and provides a steady source of revenue.
Customer retention methods are less expensive than obtaining new consumers, despite the fact that launching a loyalty programme involves an investment. When compared to retaining current customers, adding new consumers can cost up to 25% more. As a result, a loyalty programme might be a company's top revenue generator while also lowering user acquisition costs.
The expansion of the APAC loyalty management market is being hampered by a lack of awareness. According to research, just a small percentage of customers are aware of an organization's loyalty advantages. Lack of understanding may be a significant barrier to widespread adoption of loyalty management solutions in the industry.
This loyalty management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on loyalty management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Loyalty Management Market Scope and Market Size
Loyalty management market is segmented on the basis of component, deployment type, organization size, operator, application and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of component, the loyalty management market is segmented into solutions and services. Services are sub-segmented into professional and managed services. Professional services are further segmented into consulting, implementation and support and maintenance.
Based on deployment type, the loyalty management market is segmented into cloud and on-premises.
- Based on organization size, the loyalty management market is segmented into large enterprises and small and medium-sized enterprises.
- Based on operator, the loyalty management market is segmented into business-to-business and business-to-customer.
- Based on application, the loyalty management market is segmented into web and mobile.
- Based on vertical, the loyalty management market is segmented into BFSI, aviation, automotive, media and entertainment, retail and consumer goods, hospitality and others.
Loyalty Management Market Country Level Analysis
The loyalty management market is analysed and market size, volume information is provided by component, deployment type, organization size, operator, application and vertical as referenced above.
The countries covered in the loyalty management market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific
The country section of the loyalty management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Loyalty Management Market Share Analysis
The loyalty management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies’ focus on the loyalty management market.
Some of the major players operating in the loyalty management market report are Oracle, SAP SE, IBM Corporation, AIMIA Inc., Comarch SA., Bond Brand Loyalty Inc., Brierley+Partners, Epsilon, ICF Inc., Kobie Marketing, Inc, TIBCO Software Inc., Bond Brand Loyalty, MicroStrategy, Inc., Apex Loyalty, FiveStars, Sailplay, The Lacek Group, Paystone, Capillary, Annex Cloud among others.
SKU-