US Loyalty Management Market 2021 Size, Growth Analysis Report, Forecast to 2027
The US loyalty management market is anticipated to grow at a CAGR of 12.8% during the forecast period (2021-2027). The Expansion of the organized retail sector such as Walmart, Amazon, Costco Wholesale Corp., and others is expected to drive the growth of the US loyalty management market. In 2018, Amazon opened its first Amazon Go store. Amazon Go has expanded to 25 locations across the US cities which include New York, Chicago, and San Francisco. Growth in retail and e-commerce sales is supporting to drive the market growth. As per the US Census Bureau, the total US retail sales increased from nearly $1,338.4 billion in the first quarter of 2019 to nearly $1,386.2 billion in the fourth quarter of 2019.
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E-commerce as a percent of total retail sales increased from 10.5% in
the first quarter of 2019 to 11.3% in the fourth quarter of 2019. In 2019,
total e-commerce sales were estimated at $601.7 billion, a rise of 14.9% from
2018. There is a significant share of organized retail in the country, which in
turn, is driving the adoption of loyalty management programs in the country.
Rising competition in the retail and e-commerce sector is encouraging large,
and small, and medium sized retailers to increase their focus on marketing
strategies to improve customer experience; which in turn is driving the market
growth.
A
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Market
Coverage
·
The
market number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
·
Segment
Covered-
·
By Type
·
By
End-User Industry
·
Competitive
Landscape- Apex Loyalty, Clutch Holdings LLC, Fivestars Loyalty, Inc.,
Gold-Vision CRM, Goody Inc., iVend Retail, Kangaroo Rewards, and so on
US Loyalty
Management Market Report Segment
·
Customer
Loyalty
·
Employee
Loyalty
·
Channel
Loyalty
By End-User
Industry
·
BFSI
·
Retail
·
Travel
& Hospitality
·
Others
Company
Profiles
·
Aimia
Inc.
·
AiTrillion,
Inc.
·
Apex
Loyalty
·
Blue
Ocean Contact Centers Inc.
·
Bond
Brand Loyalty Inc.
·
Capillary
Technologies Inc.
·
Clutch
Holdings LLC
·
Epsilon
Data Management LLC
·
Fivestars
Loyalty, Inc.
·
Goody
Inc.
·
IBM
Corp.
·
ICF
Inc.
·
Kobie
Marketing Inc.
·
Oracle
Corp.
·
SAP SE
·
Tibco
Software Inc.
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