According to Fortune Business Insights, the global Loyalty Management Market size is projected to reach USD 24.44 Billion in 2029, at a CAGR of 23.5% during the forecast period. Rising Consumer Demand for Personalized Solutions to Fuel Market Expansion.
Pune, India, June 27, 2022 (GLOBE NEWSWIRE)
The global loyalty management market size is predicted to hit USD 24.44 billion by 2029 and exhibit a CAGR of 23.5% during the forecast period. Loyalty management software help businesses and merchants in customer retention by analyzing their purchase patterns and historical data. They help in the wealth generation, sales, and growth of businesses across the entertainment, media, retail, and other industries. The rising demand for personalized solutions is likely to be a key factor flourishing the market growth. Fortune Business Insights has presented this information in its report titled,“Loyalty Management Market, 2022-2029”. The market size stood at USD 4.54 in 2021 and USD 5.57 billion in 2022.
Key Industry Development
June 2021: Antavo Limited extended its partnership with Axciom and Mullen Lowe Profero to offer loyalty programs.
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