Dublin, May 19, 2022 (GLOBE NEWSWIRE) — The “Data Book on Market Intelligence and Future Growth Dynamics of Loyalty Programs in the UK – Over 50 KPIs on Loyalty Program Trends by End-Use Sectors, Operational KPIs, Product Dynamics of Retail and Consumer Demographics – Q1 2022 Update” report has been added to from ResearchAndMarkets.com offer.
UK Loyalty Programs Market Expected to Grow 11.6% YoY to $8,263.9 Million in 2022
In terms of value, the UK loyalty program market recorded a CAGR of 12.2% during the period 2017-2021. The UK loyalty program market will continue to grow over the forecast period and is expected to register a CAGR of 10.9% during 2022-2026. The loyalty program market in the country will grow from US$7405.8 million in 2021 to reach US$12513.1 million by 2026.
The UK loyalty and rewards industry is one of the most diverse and sophisticated in the world. The changing landscape of loyalty programs in the country has led to significant changes in most major loyalty programs over the past three to four years. There has been an explosion in the launch of new loyalty and rewards program launches, and the number is expected to increase further in the short to medium term amid growing consumer demand in the UK.
Consumers are increasingly demanding about what they expect from brands and retailers across the country. Responding to consumer demands, several brands across different verticals are launching loyalty and rewards programs in the UK. From quick service restaurants to financial institutions and retailers, brands are increasingly turning to the use of customer loyalty programs to drive their growth and incremental revenue in the country.
Notably, the growing innovation of startups in the field of loyalty programs is also driving the growth of the industry. As innovative startups seek to disrupt the industry through their products and services, companies are also raising funding rounds from global venture capital and private equity firms. The booming industry of loyalty and rewards programs in the UK is also attracting global players to expand their footprint and market share in the country.
Reasons to buy
- In-depth understanding of Loyalty Programs market dynamics: Understand market opportunities and key trends along with forecast (2017-2026).
- Overview of Opportunities by End-Use Sectors – Obtain market dynamics by end-use sectors to assess emerging opportunities in various end-use sectors.
- Develop market-specific strategies: identify growth segments and target specific opportunities to formulate a retention strategy; assess key market-specific trends, drivers and risks in the industry.
UK Loyalty Spending Market Size and Future Growth Dynamics by Key Performance Indicators, 2017-2026
UK Loyalty Spending Market Size and Future Growth Dynamics by Functional Areas, 2017-2026
- Loyalty programs
- Loyalty platforms
UK Loyalty Spending Market Size and Future Growth Dynamics by Loyalty Program Type, 2017-2026
- Points-based loyalty program
- Tiered Loyalty Program
- Subscription Loyalty Program
- Loyalty program
- Coalition Loyalty Program
- Hybrid Loyalty Program
UK Loyalty Spending Market Size and Future Growth Dynamics by Channel, 2017-2026
UK loyalty spending market size and future growth dynamics by key sectors, 2017-2026
- Financial services
- health and wellbeing
- Restaurants and food delivery
- Travel and hospitality (taxis, hotels, airlines)
- Media and entertainment
UK Loyalty Spending Market Size and Future Growth Dynamics by Retail, 2017-2026
- Diversified retailers
- Department stores
- Specialty stores
- Clothing, shoes and accessories
- Toy and hobby stores
- Supermarket and Convenience Store
- home products
UK Loyalty Spending Market Size and Future Growth Dynamics by Accessibility, 2017-2026
- Access by card
- Digital access
UK Loyalty Spending Market Size and Future Growth Dynamics by Consumer Type, 2017-2026
- B2C consumers
- B2B consumers
UK Loyalty Spending Market Size and Future Growth Dynamics by Loyalty Platforms, 2017-2026
UK Loyalty Spending Market Size and Future Growth Dynamics by Software Platform, 2017-2026
- Custom built platform
- Ready-to-use platform
UK loyalty spending market size and forecast by demographics and consumer behavior, 2021
- By age group
- By income level
- By gender
For more information on this report, visit https://www.researchandmarkets.com/r/mdy94o