Latest news with #SoftwareMarket
Associated Press
30-06-2025
- Business
- Associated Press
Customer Loyalty Management Software Market Opportunities and Strategies to 2034: Fragmented Market Sees Top 10 Players Capture Just 14.67% Share, Led by Epsilon, Oracle, and Salesforce
DUBLIN--(BUSINESS WIRE)--Jun 30, 2025-- The 'Customer Loyalty Management Software Market Opportunities and Strategies to 2034" report has been added to offering. This report describes and explains the customer loyalty management software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region. The global customer loyalty management software market reached a value of nearly $13.07 billion in 2024, having grown at a compound annual growth rate (CAGR) of 17.15% since 2019. The market is expected to grow from $13.07 billion in 2024 to $28.79 billion in 2029 at a rate of 17.10%. The market is then expected to grow at a CAGR of 16.39% from 2029 and reach $61.5 billion in 2034. Growth in the historic period resulted from the rise in smartphone penetration, significant adoption of automation, increased use of digital payment systems and growing demand for cloud-based solutions. Factors that negatively affected growth in the historic period were regulatory complexities and data privacy and security concerns. Going forward, the rise of omnichannel retailing, rise of digital transformation, growing influence of social media and rise in B2B loyalty programs will drive the growth. Factor that could hinder the growth of the customer loyalty management software market in the future include lack of expertise and high implementation costs. North America was the largest region in the customer loyalty management software market, accounting for 38.28% or $5.0 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the customer loyalty management software market will be Asia-Pacific and Middle East where growth will be at CAGRs of 19.82% and 18.11% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 17.13% and 16.44% respectively. The global customer loyalty management software market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 14.67% of the total market in 2023. Epsilon Data Management LLC was the largest competitor with a 4.88% share of the market, followed by Oracle Corporation with 4.02%, Salesforce Inc. with 1.58%, Yotpo Inc. with 0.93%, Brierley+Partners Inc. with 0.89%, Bazaarvoice Inc. with 0.71%, Bond Brand Loyalty Inc. with 0.54%, Fivestars with 0.40%, SumUp Payments Limited. with 0.40% and Kobie Marketing Inc. with 0.32%. The customer loyalty management software market is segmented by component into software and services. The software market was the largest segment of the customer loyalty management software market segmented by component, accounting for 58.90% or $7.7 billion of the total in 2024. Going forward, the software segment is expected to be the fastest growing segment in the customer loyalty management software market segmented by component, at a CAGR of 18.43% during 2024-2029. The customer loyalty management software market is segmented by deployment into on-premise and cloud. The cloud market was the largest segment of the customer loyalty management software market segmented by deployment, accounting for 68.50% or $8.95 billion of the total in 2024. Going forward, the cloud segment is expected to be the fastest growing segment in the customer loyalty management software market segmented by deployment, at a CAGR of 21.35% during 2024-2029. The customer loyalty management software market is segmented by operator into business to business and business to customer. The business to business market was the largest segment of the customer loyalty management software market segmented by operator, accounting for 70.41% or $9.2 billion of the total in 2024. Going forward, the business to customer segment is expected to be the fastest growing segment in the customer loyalty management software market segmented by operator, at a CAGR of 20.71% during 2024-2029. The customer loyalty management software market is segmented by applications into campaign management, reward distribution, SMS marketing and other applications. The campaign management market was the largest segment of the customer loyalty management software market segmented by applications, accounting for 35.60% or $4.65 billion of the total in 2024. Going forward, the reward distribution segment is expected to be the fastest growing segment in the customer loyalty management software market segmented by applications, at a CAGR of 19.34% during 2024-2029. The customer loyalty management software market is segmented by end user into banking, financial services and insurance, information technology and telecommunications, transportation, retail, hospitality, manufacturing, media and entertainment and other end users. The retail market was the largest segment of the customer loyalty management software market segmented by end user, accounting for 22.64% or $2.95 billion of the total in 2024. Going forward, the retail segment is expected to be the fastest growing segment in the customer loyalty management software market segmented by end user, at a CAGR of 19.65% during 2024-2029. The top opportunities in the customer loyalty management software market segmented by component will arise in the software segment, which will gain $10.24 billion of global annual sales by 2029. The top opportunities in the customer loyalty management software market segmented by deployment will arise in the cloud segment, which will gain $14.6 billion of global annual sales by 2029. The top opportunities in the customer loyalty management software market segmented by operator will arise in the business to business segment, which will gain $9.67 billion of global annual sales by 2029. The top opportunities in the customer loyalty management software market segmented by applications will arise in the campaign management segment, which will gain $6.18 billion of global annual sales by 2029. The top opportunities in the customer loyalty management software market segmented by end user will arise in the retail segment, which will gain $4.29 billion of global annual sales by 2029. The customer loyalty management software market size will gain the most in the USA at $5.39 billion. Market-trend-based strategies for the customer loyalty management software market include developing innovative solutions, such as cloud-based loyalty management solutions, development of innovative solutions, such as AI-powered SaaS-based loyalty offerings, developing cutting-edge solutions, such as AI-powered loyalty platforms and strategic collaborations to strengthen their technological capabilities. Player-adopted strategies in the customer loyalty management software market include focus on strengthening its business operations through new launches and focus on strategic partnerships to better serve the industry and to strengthen their position. To take advantage of the opportunities, the analyst recommends the customer loyalty management software companies to focus expanding cloud-based loyalty platforms for integrated customer engagement, focus on ai-driven saas loyalty solutions for e-commerce growth, focus on ai-powered personalization to enhance customer retention, focus on the software segment to drive faster growth, expand in emerging markets, continue to focus on developed markets, focus on expanding strategic partnerships across global technology ecosystems, focus on tiered pricing models to maximize customer retention and revenue, focus on targeted digital campaigns and incentive-driven outreach, focus on account-based marketing and referral strategies, focus on account-based marketing and referral strategies. Major Market Trends Key Mergers and Acquisitions Markets Covered: Key Attributes: Companies Featured For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY MARKETING COMMUNICATIONS SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 06/30/2025 10:21 AM/DISC: 06/30/2025 10:21 AM
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Power Electronics Software Market worth $5.25 Billion by 2030, at a CAGR of 9.5%
"Power Electronics Software Market" The Power Electronics Software Market is expected to grow from USD 3.33 billion in 2025 to USD 5.25 billion in 2030, registering a significant CAGR of 9.5% during the forecast period. The report " Power Electronics Software Market by Design Software, Simulation Software, Analysis Software, Control Software, Rapid Control Prototyping, Embedded System Prototyping, Model-based Design, Automotive and Renewable Energy - Global Forecast to 2030" The power electronics software market is expected to reach USD 5.25 billion by 2030 from USD 3.33 billion in 2025, growing at a CAGR of 9.5% from 2025 to 2030 Power electronics software enables the design, simulation, and optimization of power electronic systems in the industrial, consumer electronics, automotive, renewable energy, aerospace, and defense industries. The market is experiencing significant growth mainly due to the increasing adoption of renewable energy sources, the growing shift towards electric vehicles, and advancements in semiconductor technologies. Download PDF Brochure @ Browse 236 market data Tables and 62 Figures spread through 252 Pages and in-depth TOC on "Power Electronics Software Market" The industrial segment is expected to hold the largest market size during the forecast period. The industrial sector holds the largest market size during the forecast period of the power electronics software market due to its widespread usage in automation, motor drives, renewable energy systems, and power inverters. With the increasing adoption of Industry 4.0 and smart manufacturing practices, the demand for optimizing energy consumption and improving operational efficiencies is growing. Power electronics software helps power management system designs and simulations achieve efficiency and precision in most industrial equipment and processes. Moreover, the high demand for energy-saving technologies and a need to comply with regulations make power electronics software prevalent in most industrial applications. The need for advanced systems in factories, with the transition to renewable energy, boosts demand for the power electronics software market. The design software segment is expected to exhibit the second-highest CAGR during the forecast period. The design software segment is expected to register the second-highest CAGR in the type of segment of the Power Electronics Software Industry during the forecast period. The growth can be attributed to the critical role of design software in enhancing efficiency, performance, and reliability in power electronic systems. As demand for electric vehicles, renewable energy systems, and industrial automation continues to grow, the requirement for an efficient, optimized design for inverter, converter, and motor drive components is growing. Design software offers advanced simulation and modeling with prototyping, significantly reducing development time and costs and ensuring compliance with regulatory standards. Increasing implementations of wide bandgap semiconductors require dedicated and sophisticated design solutions to achieve higher efficiency. Moreover, advancement through digital twins enhances intelligent and low-energy-consuming design solutions. Owing to these factors, the demand for design software is growing across applications such as automotive, industrial, aerospace & defense, and renewable energy. Asia Pacific is expected to hold the largest market size during the forecast period. Asia Pacific is expected to hold the largest power electronics software market due to substantial investment in research and development and technology infrastructure. The growth can also be attributed to the increased adoption of electric vehicles, renewable energy systems, and industrial automation in various countries, including China, India, South Korea, and Japan. Due to the increasing penetration of advanced technologies like IoT, Al-enabled systems, and wide-bandgap semiconductors, including silicon carbide (SiC) and gallium nitride (GaN), the demand for innovative power electronics solutions increased to achieve energy efficiency and system optimization. Another driver for the growth of the market in the region is government policies focusing on increasing the use of renewable energy sources, the implementation of smart grids, and energy-efficient technologies. Moreover, the rising implementation of Industry 4.0 practices and cloud-based software solutions have further fueled the demand for the power electronics software market in the region. Major Power Electronics Software Companies Include: The MathWorks, Inc. (US), Keysight Technologies (US), Cadence Design Systems, Inc. (US), Synopsys, Inc. (US), Altair Engineering Inc. (US), NATIONAL INSTRUMENTS CORP. (US), Renesas Electronics Corporation (Japan), Infineon Technologies AG (Germany), dSPACE GmbH (Germany), and Siemens (Germany), Analog Devices, Inc. (US), Sidelinesoft, LLC (US), (Canada), Plexim GmbH (Switzerland), Manitoba Hydro International Ltd. (Canada), Imperix power electronics (Switzerland), Typhoon HIL, Inc. (US), Mirabilis Design Inc. (US), Power Smart Control (Spain), COMSOL (Sweden), Speedgoat GmbH (Switzerland), Siemens (Germany), RTDS Technologies Inc (Canada), Powersys (France), AVL (Austria). About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook.
Yahoo
13-05-2025
- Automotive
- Yahoo
Fleet Management Software Markets and Competition Assessment, 2025-2029 & 2034, Featuring AT&T, Intel, IBM, Cisco Systems, ZF and More
Dublin, May 13, 2025 (GLOBE NEWSWIRE) -- The "Fleet Management Software Market Report 2025" has been added to report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. The fleet management software market size has grown rapidly in recent years. It will grow from $24.04 billion in 2024 to $28.24 billion in 2025 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to demand for autonomous and electric vehicles (EVs), real-time monitoring, predictive maintenance, the rise of mobility-as-a-service (MaaS), and increasing fleet management software market size is expected to see rapid growth in the next few years. It will grow to $53.16 billion in 2029 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to the digitization of vehicles, cybersecurity concerns, safety and security, regulatory compliance, and customer expectations. Major trends in the forecast period include global positioning systems, mobile communications, driver monitoring systems, behavior analytics, mobile and cloud-based fleet management solutions, artificial intelligence and machine learning, and IoT fleet management software market is primed for expansion, driven by the rapid proliferation of e-commerce activities on a global scale. According to data from the U.S. Census Bureau released in February 2024, total e-commerce sales in the US surged to $1.11 trillion in 2023, marking a notable 7.6% increase compared to the preceding year. E-commerce sales accounted for 15.4% of total sales in 2023, underscoring its significant influence in driving the growth of the fleet management software players in the fleet management software market are placing considerable emphasis on developing advanced technological solutions to cater to the evolving demands of the industry. Bridgestone Americas introduced Azuga Fleet Management Solutions on AWS Marketplace in August 2023, offering fleet customers convenient access to comprehensive tracking and video recording capabilities. This initiative streamlines the procurement and deployment processes, aligning with Bridgestone's commitment to fostering trust among customers and driving effective management December 2023, Komatsu Ltd. bolstered its fleet management technology offerings through the acquisition of iVolve Holdings Pty Ltd. This strategic maneuver enriches Komatsu's suite of solutions tailored for the construction and mining sectors, complementing existing offerings such as smart construction and smart quarry applications. iVolve Holdings Pty Ltd., headquartered in Australia, specializes in fleet management software, further solidifying Komatsu's position as a frontrunner in delivering innovative solutions for optimizing fleet operations in industrial America was the largest region in the fleet management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fleet management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fleet management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Report Scope Markets Covered:1) By Type: Operations Management; Vehicle Maintenance And Diagnostics; Performance Management; Fleet Analytics And Reporting; Other Types2) By Deployment: On-premises; Cloud3) By Fleet Type: Commercial; Passenger Cars4) By End-Users: Manufacturing; Oil And Gas; Transportation And Logistics; Construction; Chemical; Energy And Utilities; Retail; Other End-UsersSubsegments:1) By Operations Management: Route Planning And Optimization; Dispatch Management; Driver Scheduling And Monitoring2) By Vehicle Maintenance And Diagnostics: Preventive Maintenance; Diagnostic Tools And Alerts; Maintenance Scheduling And Reporting3) By Performance Management: Driver Behavior Monitoring; Fuel Management; Fleet Efficiency Tracking4) By Fleet Analytics And Reporting: Real-Time Fleet Tracking; Data Analytics And Dashboards; Reporting And Compliance Management5) By Other Types: Asset Management; Inventory Management; Fleet Safety ManagementKey Companies Profiled: AT&T Inc; Intel Corporation; International Business Machines Corporation; Cisco Systems Inc; ZF Friedrichshafen AGTime Series: Five years historic and ten years Ratios of market size and growth to related markets, GDP proportions, expenditure per Segmentation: Country and regional historic and forecast data, market share of competitors, market to Purchase: Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies. Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency. Create regional and country strategies on the basis of local data and analysis. Identify growth segments for investment. Outperform competitors using forecast data and the drivers and trends shaping the market. Understand customers based on the latest market shares. Benchmark performance against key competitors. Suitable for supporting your internal and external presentations with reliable high quality data and analysis Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis. All data from the report will also be delivered in an excel dashboard format. Key Attributes Report Attribute Details No. of Pages 200 Forecast Period 2025-2029 Estimated Market Value (USD) in 2025 $28.24 Billion Forecasted Market Value (USD) by 2029 $53.16 Billion Compound Annual Growth Rate 17.1% Regions Covered Global Some of the major companies featured in this Fleet Management Software market report include: AT&T Inc Intel Corporation International Business Machines Corporation Cisco Systems Inc ZF Friedrichshafen AG Oracle Corporation LeasePlan Corporation N.V Zebra Technologies Corporation Garmin Ltd Trimble Inc FLEETCOR Technologies Inc Holman Automotive Inc Element Fleet Management Corp Verizon Connect Geotab Inc TomTom Telematics BV Omnitracs LLC Samsara Inc Teletrac Navman Orbcomm Emkay Inc Wheels Inc MiX Telematics Ltd Lytx Inc Magellan Navigation Inc Masternaut Limited Fleetio GPS Insight Avrios Quartix Ltd For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
