Global Rewards and Incentives Service Market Growth (Status and Outlook) 2023-2029

Global Rewards and Incentives Service Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Rewards and Incentives Service Industry Forecast” looks at past sales and reviews total world Rewards and Incentives Service sales in 2022, providing a comprehensive analysis by region and market sector of projected Rewards and Incentives Service sales for 2023 through 2029. With Rewards and Incentives Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rewards and Incentives Service industry.
This Insight Report provides a comprehensive analysis of the global Rewards and Incentives Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Rewards and Incentives Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Rewards and Incentives Service market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rewards and Incentives Service and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rewards and Incentives Service.
The global Rewards and Incentives Service market size is projected to grow from US$ 3825.8 million in 2022 to US$ 7098.9 million in 2029; it is expected to grow at a CAGR of 9.2% from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Rewards and Incentives Service market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Digital Rewards
Rewards in Kind
Segmentation by application
For Employees
For Customers
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.