MarketResearchNest.com
adds “Global Retail Bank Loyalty Program
Market Growth (Status and Outlook) 2019-2024”new report to its research
database.
Loyalty programs are structured marketing strategies
designed by merchants to encourage customers to continue to shop at or use the
services of businesses associated with each program. These programs exist
covering most types of business, each one having varying features and rewards
schemes.
Loyalty programs have emerged as one of the key marketing
tools in the global retail banking industry. Retail banks offer a number of
loyalty programs in developed economies, however many of these are commoditized.
This has compelled banks to introduce innovative programs in order to remain
both competitive and profitable.
There is also an increased pressure on costs due to new
regulatory trends in last five years. Loyalty programs are being viewed as an
important revenue-driving tool and have been proven to reduce customer
acquisition costs. Retail banking in emerging economies is still in its
developmental stages, as illustrated by its relatively low loyalty program
penetration rates.
Retail banking is a typical mass-market banking industry
that lets its customers use local branches of the more widespread commercial
banking establishments. Retail banking is also generally known as consumer
banking. Its services include mortgages, certificates of deposit (CDs), savings
and checking accounts, debit/credit cards, and personal loans. The retail
banking sector mainly focuses on catering to the needs of its retail clients.
The global economic slowdown adversely affected the banking
industry of key markets across the globe. To improve their financial
performance, banks implemented cost-saving initiatives. As part of such
initiatives, banks launched loyalty programs through low-cost channels such as
mobile platforms and social media sites.
According to this study, over the next five years the Retail
Bank Loyalty Program market will register a 5.8% CAGR in terms of revenue, the
global market size will reach US$ 1240 million by 2024, from US$ 880 million in
2019. In particular, this report presents the global revenue market share of
key companies in Retail Bank Loyalty Program business, shared in Chapter 3.
This report presents a comprehensive overview, market shares
and growth opportunities of Retail Bank Loyalty Program market by product type,
application, key companies and key regions.
Request a sample copy
@
This study considers
the Retail Bank Loyalty Program value generated from the sales of the following
segments:
Segmentation by
product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to
2024 in section 10.7.
·
B2C
Solutions
·
B2B
Solutions
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 10.8.
·
Personal
User
·
Business
User
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,
China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France,
UK, Italy, Russia, Spain, Middle East and Africa, Egypt,South Africa, Israel,
Turkey, GCC Countries
Browse full table of contents
and data tables @
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
Maritz
·
FIS Corporate
·
IBM
·
Aimia
·
TIBCO Software
·
Hitachi-solutions
·
Oracle Corporation
·
Comarch
·
Loyalty Lab
·
Exchange Solutions
·
Bpm'online
·
Customer Portfolios
In addition, this
report discusses the key drivers influencing market growth, opportunities, the
challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future
development.
Order a Purchase
Report Copy @
Research objectives
·
To study and analyze the global Retail Bank
Loyalty Program market size by key regions/countries, product type and
application, history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Retail Bank
Loyalty Program market by identifying its various subsegments.
·
Focuses on the key global Retail Bank Loyalty
Program players, to define, describe and analyze the value, market share,
market competition landscape, SWOT analysis and development plans in next few
years.
·
To analyze the Retail Bank Loyalty Program with
respect to individual growth trends, future prospects, and their contribution
to the total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the size of Retail Bank Loyalty
Program submarkets, with respect to key regions (along with their respective
key countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
About us: - MarketResearchNest.com
is the most comprehensive collection of market research products and services
on the Web. We offer reports from almost all top publishers and update our collection
on daily basis to provide you with instant online access to the world’s most
complete and recent database of expert insights on industries, organizations,
products, and trends.
Contact Us
Mr. Jeet Jain
Sales Manager
+1-240-284-8070
+44-20-3290-4151
No comments:
Post a Comment