Loyalty Management Market to Reach USD 21.28 Billion by 2031 | SkyQuest Technology

Westford,USA, Oct. 18, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Loyalty Management Market will reach a value of USD 21.28 Billion by 2031, with a CAGR of 10.5% during the forecast period (2024-2031). The loyalty management market is adopted by retail establishments at an accelerated speed. Hence, the loyalty management market is expected to emerge rapidly. This is because of the fact that consumers would always choose monetary rewards such as discounts on products, free delivery, payback or refund, or getting free stuff. Company's solutions and services including Comarch SA, Loyalty Management Solutions Pty Limited, and IGT Solutions Pvt. The scope includes Ltd. Customer loyalty market is changing fast, and in the coming years, there will be some huge changes that will be influenced by shifting consumer behavior and the latest advancements in AI. Metaverse is going to play a very important role in extending loyalty experience through dynamic and immersive platforms for customer involvement even as AI transforms the story of loyalty management. Firms are more interested in strategic management of customer loyalty as a source of revenue generation and customer satisfaction.