Africa and Middle East Loyalty Program Market
DUBLIN, March 1, 2024 (Globe Newswire) — “Africa and Middle East Loyalty Programs Market Intelligence and Future Growth Dynamics Data Book – Loyalty Program Trends by End-User Sector, Operational KPIs, Retail Product Dynamics, and 50+ KPIs on Consumer Demographics – Q1 2024 Update report added ResearchAndMarkets.com Recruitment.
An in-depth analysis of the rapidly evolving loyalty program space in Africa and the Middle East has resulted in a comprehensive data-centric market intelligence report. The report, currently published, captures the performance of loyalty programs across various industry sectors and reveals key insights that envision a promising growth trajectory for the market.
The loyalty programs market in the region showed robust growth, with a compound annual growth rate (CAGR) of 12.1% from 2019 to 2023. This upward trend is expected to continue, increasing from an estimated USD 5.85 billion in 2023 to an estimated USD 9.38 billion by 2028, at a CAGR of 9.7% during the forecast period.
Key market insights and forecasts
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This comprehensive report reveals the vibrant inertia within loyalty programs and outlines over 50 KPIs at the country and regional level, including trends, retail product trends, and consumer demographics. Contains a detailed evaluation of
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A deep dive into operational KPIs and end-use sectors provides unparalleled understanding of market forces and strategic growth opportunities.
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Key forecasts indicate a robust annual growth of 10.8%, with the market value expected to reach an estimated USD 6.48 billion by 2024.
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In-depth analysis foresees significant developments and future expansion avenues across the region's diverse loyalty program museums.
Extensive coverage across regional and country-specific areas This report is part of a broader series of eight region- and country-specific titles, providing detailed insights into a range of sectors. These include key regions such as Egypt, Israel, Nigeria, Saudi Arabia, South Africa, Turkey, and United Arab Emirates, demonstrating the comprehensive range and reach of market intelligence provided.
New business and investment opportunities Our series of reports employs a research methodology rooted in industry best practices and provides a transparent lens powered by a proprietary analytics platform. Collectively, they are structured to provide comprehensive coverage of loyalty program functional domains, types, channels, accessibility options, and consumer behaviors, providing actionable data for stakeholders.
Strategic significance and usefulness in business
This research is essential to a variety of stakeholders within loyalty programs, including business leaders and marketers who aim to:
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Understand and leverage market dynamics and growth factors related to loyalty programs.
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Assess your company's competitive positioning and identify areas to strategically enhance your loyalty offering.
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Stay on top of evolving trends and consumer preferences that inform the direction of market movement.
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Make data-driven decisions to develop and optimize loyalty programs that resonate with your target consumer segments.
Loyalty Program Market Intelligence provides a trusted resource for businesses looking to deepen their understanding of loyalty dynamics and use this understanding for growth and customer retention.
Loyalty Program—Strategic Asset The extensive analysis provided in this report highlights the critical role loyalty programs play in driving customer engagement and fostering long-term brand loyalty. Detailed insights into consumer demographics and behavior enable businesses to develop personalized and effective loyalty strategies.
As the loyalty program landscape continues to evolve with the integration of advanced technology and innovative business models, this report ensures that companies are well-equipped to grow in the competitive landscape of Africa and the Middle East. We review and provide a clear roadmap to navigate this complex market. .
key attributes
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report attributes |
detail |
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number of pages |
936 |
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Forecast period |
2024 – 2028 |
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Estimated market value in 2024 (USD) |
$6.49 billion |
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Projected market value to 2028 (USD) |
$9.39 billion |
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compound annual growth rate |
9.7% |
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Target area |
Africa, Middle East |
For more information on this report, please visit https://www.researchandmarkets.com/r/h5vnfb.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.
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