Global Rewards and Incentives Service Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Rewards and Incentives Service Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Rewards and incentives services providers typically have partnerships with a variety of online retailers, restaurant chains, travel agencies, or other entertainment companies, and resell or manage the distribution of corresponding credits. Operations teams utilize reward and incentive services to boost team morale, show appreciation for hard work, and provide gifts for holidays and special occasions. Customer accounts are often tracked and managed through online portals, where incentives can be purchased and delivered using a simple interface. Businesses can use performance management software to help identify standout employees and work performance situations that demand special attention.

According to our (Global Info Research) latest study, the global Rewards and Incentives Service market size was valued at US$ 4413 million in 2023 and is forecast to a readjusted size of USD 7858 million by 2030 with a CAGR of 8.7% during review period.

Rewards and Incentives Service is mainly classified into the following types: Digital Rewards and Rewards in Kind. Digital Rewards is the most widely used type which take up about 92.23 % of the sales share in 2020.

Rewards and Incentives Service has wide range of applications, like For Employees and For Customers. And For Employees is the most widely used area which take up about 66.10% of the sales colume in 2020.

North America is the largest region of Rewards and Incentives Service in the world in the past few years and it will keep increasing in the next few years. Europe market took up about 25.91% the global market in 2020, while APAC is about 15.77%.

Blackhawk Network, InComm, Square, Online Rewards, Xoxoday, etc. are the key providers in the global Rewards and Incentives Service market. Top 5 providers took up more than 34% of the global market size in 2020.

This report is a detailed and comprehensive analysis for global Rewards and Incentives Service market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Rewards and Incentives Service market size and forecasts, in consumption value ($ Million), 2019-2030

Global Rewards and Incentives Service market size and forecasts by region and country, in consumption value ($ Million), 2019-2030

Global Rewards and Incentives Service market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030

Global Rewards and Incentives Service market shares of main players, in revenue ($ Million), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Rewards and Incentives Service

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Rewards and Incentives Service market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Rybbon, Tremendous, Tango Card, Xoxoday, Giftbit, Blackhawk Network, Gyft (First Data Corporation), eGifter, Global Reward Solutions, Gravy Gifts, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Rewards and Incentives Service market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation

Rewards and Incentives Service market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Digital Rewards
Rewards in Kind

Market segment by Application
For Employees
For Customers

Market segment by players, this report covers
Rybbon
Tremendous
Tango Card
Xoxoday
Giftbit
Blackhawk Network
Gyft (First Data Corporation)
eGifter
Global Reward Solutions
Gravy Gifts
Square
Giftogram
Knowband
Self-Service Networks
HMI Performance Incentives

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Rewards and Incentives Service product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Rewards and Incentives Service, with revenue, gross margin, and global market share of Rewards and Incentives Service from 2019 to 2024.

Chapter 3, the Rewards and Incentives Service competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Rewards and Incentives Service market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Rewards and Incentives Service.

Chapter 13, to describe Rewards and Incentives Service research findings and conclusion.