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Customer Loyalty Management Software Market Size is projected to reach USD 1.82 billion by 2030, growing at a CAGR of 8.9%: Straits Research

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New York, United States, Sept. 26, 2022 (GLOBE NEWSWIRE) — A customer loyalty program is an e-commerce marketing strategy that rewards customers those loyal to a brand and interacts with it regularly. Customer loyalty programs are designed to encourage repeat purchases by offering discounts, exclusive offers, VIP events, and other benefits to members. They work at customer retention and understanding and analyzing customer behaviours and preferences to further businesses. According to statistics, 80% of the British population is a member of a customer loyalty program.

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Customer-Centric Approaches Driving the Market

It is discovered that, in addition to a simple customer focus, creating customer value and putting customers first provides the longest-lasting business value, regardless of time. Because the goal of loyalty management is to reward a company’s repeat customers, developing customer-centric strategies has become necessary to maintain a high customer retention rate, driving the demand for loyalty management programs. 

Through loyalty platforms, key players have implemented personalization features. It helps to capture the attention of customers and improve their overall experience. Personalized recommendations and coupons from brands attract customers. Customer satisfaction rises because of these programs, which drives their adoption across industries. According to Annex Cloud, 33% of consumers abandon a brand that lacks personalization.

Technological Advancements Boost the Market

The rate of technological advancements, whether artificial intelligence (AI), the internet of things (IoT), or digital reality, is directly proportional to the growth of the global Loyalty management software market. Over 20 billion devices are expected to be connected to the internet in the next two years. With hundreds of devices connecting to the internet every second, the global digital transformation in various industries is expected to provide value-producing opportunities in the global Loyalty Management Software Market, which is expected to grow significantly over the forecast period. 

Thanks to technological advancements, we can now use artificial intelligence (AI) and machine learning (ML) to analyze and analyze consumer behavior using improved algorithms. In loyalty programs, AI and machine learning improve the customer experience and influence purchasing habits. According to Bond, 95% of customers want to use emerging technology like chatbots, AI, VR, and smart devices to interact with their loyalty program.

Report Scope

Report Metric Details
Market Size USD 1,820 Million by 2030
CAGR 8.9% (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Deployment, Enterprises, Applications, Regions
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Apex Loyalty, CitiXsys Americas Inc, Comarch, CityGro, Inc., Influitive Corporation, SiEBEN Yotpo, Ltd., Tango Card, Inc., Oto Analytics, Inc., Zoho Corporation Pvt. Ltd., and Loyverse
Key Market Drivers Customer Preference for Advanced Solutions and Personalization Driving the Market

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Cloud Sub-Segment Accounts for Large Market Share
The market is divided into two segments based on deployment: on-premise and cloud. Cloud-based customer loyalty management software provides a network-based solution accessible from any location with an active internet connection. Integrating with third-party solutions is usually easier. The cloud deployment model supports various devices that are simple to use, such as tablets, mobile phones, social media, and many others. The cloud-based software allows real-time updates on customer queries and response rates at reasonable prices. Furthermore, they help organizations with scalability and ease of access to organizational content, regardless of employee location, assisting with business continuity.

Market Growth due to Large Enterprises Funding for Increased Customer Retention
According to the enterprise size, the market is divided into two categories: small & medium (SMEs) and large. Large businesses are investing in customer loyalty solutions due to their large customer base and higher purchase frequency. It provides the brands with potential publicity and strengthens their market position. 

Loyalty is more important than ever to businesses in various industries, particularly those that are heavily consumer-driven, such as retail, financial services, and hospitality. According to “Loyalty Big Picture,” more than 71 % said they spend at least 2% of total revenues on loyalty and CRM to activate customers and leverage the data asset to create personalized offers and extensions, with the majority spending more than 4%.

Impact of Covid-19
When it comes to customer-brand interactions, COVID-19 has changed nearly everything. The pandemic has upended traditional strategies and tactics that brands have used to engage with customers, deliver an exceptional experience, and earn loyalty and repeat purchases. The retail world has majorly moved to the online space during the pandemic. Online grocery sales increased by 40% year over year, prompting retailers such as Wegmans to rethink their brick-and-mortar expansion plans. Customers’ digital engagement exploded, while in-store foot traffic slowed significantly, with brands such as Chipotle seeing a 134% increase in digital orders and increased app-based engagement year over year. The need for customer loyalty software also rose significantly to understand and analyze the new online behaviors of customers and hence driving the market upward.

Presence of Key Players and Advanced Infrastructure Resulting in North America’s Large Market Share
North America offers a wide range of opportunities for the global customer loyalty software market due to its technologically advanced infrastructure, widespread adoption of loyalty programmers, and strong presence of several established enterprises in developed countries such as the U.S. and Canada. In the United States, the majority of customers have loyalty cards. According to Accenture, there are 3.3 billion loyalty memberships in the United States.

The Asia-Pacific loyalty market is expected to grow exponentially during the forecast period. The Asia Pacific is home to some of the world’s fastest-growing economies, including India and China. In Asia-Pacific developing countries, a whopping 92 % were in the favor of loyalty programs. Because maximum consumers in developing markets are middle-class, they are more price-conscious. They prefer incentives such as loyalty cards because they believe they will benefit them financially in the long run. They do not switch brands often, so loyalty programs are ideal for them, necessitating the customer loyalty management software.

Key Highlights

  • The global customer loyalty management software market size is expected to reach USD 1,820 million by 2030, growing at a CAGR of 8.9% over the forecast period. (2022–2030)
  • The customer loyalty software market is driven by Increased adoption of omnichannel and multi-channel programs, technological advancements, and a growing need for competitive differentiation.
  • Cloud-based deployment is the leading segment with a large market share attributed to better integration with other loyalty systems such as CRM and marketing resources and enabling cost-effective real-time content collaboration and analysis.
  • Over the forecast period, Large Enterprises are expected to have a dominant share owing to huge investments by organizations to increase customer retention and defend their position in the highly competitive environment.
  • North America holds the largest share, due to the presence of key players, technological advancements, and a large customer base. APAC is expected to have a large market share in the forecast period due to its large population, rising preference for mobile technologies, and increasing digitization. 

Some of the key players in the global customer loyalty management software market are

  • Apex Loyalty
  • CitiXsys Americas Inc
  • Comarch
  • CityGro Inc.
  • Influitive Corporation
  • SiEBEN Yotpo Ltd.
  • Tango Card Inc.
  • Oto Analytics Inc.
  • Zoho Corporation Pvt. Ltd.
  • Loyverse 

Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/customer-loyalty-management-software-market/request-sample 

Global Customer Loyalty Management Software Market: Segmentation
By Deployment:

  • On-premise
  • Cloud

By Enterprise:

  • Small and Medium Enterprise
  • Large Enterprise

By Applications:

  • Campaign Management
  • Reward Distribution
  • SMS Marketing
  • Others

By Regions:

  • North America 
  • Europe 
  • Asia-Pacific 
  • Latin America
  • The Middle East and Africa

TABLE OF CONTENT
1          Introduction
1.1       Market Definition
1.2       Market Scope
2          Research Methodology
2.1       Primary Research
2.2       Research Methodology
2.3       Assumptions and Exclusions
2.4       Secondary Data Sources
3          Executive Summary
4          Market Overview
4.1       Report Segmentation and Scope
4.2       Key Market Trends
4.2.1   Drivers
4.2.2   Restraints
4.2.3   Opportunities
4.3       Porter’s Five Forces Analysis
4.3.1   Bargaining Power of Suppliers
4.3.2   Bargaining Power of Buyers
4.3.3   Threat of Substitution
4.3.4   Threat of New Entrants
4.3.5   Competitive Rivalry
4.4       Environment and Regulatory Landscape
4.5       Forecast Factors and Relevance of Impact
4.6       Macro-Economic and Geopolitical Scenario
4.7       Parent Market Overview
4.8       Technology Landscape
4.9       Market Share Analysis
4.10    Potential Venture Analysis
5          Deployment Overview
5.1       Introduction
5.1.1   Market Size and Forecast (Value)
5.2       On-premise
5.2.1   Market Size and Forecast (Value)
5.3       Cloud
5.3.1   Market Size and Forecast (Value)
6          Enterprise Overview
6.1       Introduction
6.1.1   Market Size and Forecast (Value)
6.2       SMEs
6.2.1   Market Size and Forecast (Value)
6.3       Large Enterprises
6.3.1   Market Size and Forecast (Value)
7          Application Overview
7.1       Introduction
7.1.1   Market Size and Forecast (Value)
7.2       Campaign Management
7.2.1   Market Size and Forecast (Value)
7.3       Reward Distribution
7.3.1   Market Size and Forecast (Value)
7.4       SMS Marketing
7.4.1   Market Size and Forecast (Value)
7.5       Others
7.5.1   Market Size and Forecast (Value)
8          Regional Overview
8.1       Introduction
8.1.1   Market Size and Forecast (Value)
8.2       North America
8.2.1   Economic Overview
8.2.2   Market Scenario
8.2.3   The U.S.
8.2.3.1            By Deployment
8.2.3.2            By Enterprise
8.2.3.3            By Application
8.2.4   Canada
8.2.4.1            By Deployment
8.2.4.2            By Enterprise
8.2.4.3            By Application
8.3       Latin America (LATAM)
8.3.1   Economic Overview
8.3.2   Market Scenario
8.3.3   Mexico
8.3.3.1            By Deployment
8.3.3.2            By Enterprise
8.3.3.3            By Application
8.3.4   Brazil
8.3.4.1            By Deployment
8.3.4.2            By Enterprise
8.3.4.3            By Application
8.3.5   Argentina
8.3.5.1            By Deployment
8.3.5.2            By Enterprise
8.3.5.3            By Application
8.3.6   Rest of LATAM
8.3.6.1            By Deployment
8.3.6.2            By Enterprise
8.3.6.3            By Application
8.4       Europe
8.4.1   Economic Overview
8.4.2   Market Scenario
8.4.3   Germany
8.4.3.1            By Deployment
8.4.3.2            By Enterprise
8.4.3.3            By Application
8.4.4   France
8.4.4.1            By Deployment
8.4.4.2            By Enterprise
8.4.4.3            By Application
8.4.5   The U.K.
8.4.5.1            By Deployment
8.4.5.2            By Enterprise
8.4.5.3            By Application
8.4.6   Italy
8.4.6.1            By Deployment
8.4.6.2            By Enterprise
8.4.6.3            By Application
8.4.7   Spain
8.4.7.1            By Deployment
8.4.7.2            By Enterprise
8.4.7.3            By Application
8.4.8   The Rest of Europe
8.4.8.1            By Deployment
8.4.8.2            By Enterprise
8.4.8.3            By Application
8.5       Asia-Pacific (APAC)
8.5.1   Economic Overview
8.5.2   Market Scenario
8.5.3   China
8.5.3.1            By Deployment
8.5.3.2            By Enterprise
8.5.3.3            By Application
8.5.4   Japan
8.5.4.1            By Deployment
8.5.4.2            By Enterprise
8.5.4.3            By Application
8.5.5   India
8.5.5.1            By Deployment
8.5.5.2            By Enterprise
8.5.5.3            By Application
8.5.6   Australia
8.5.6.1            By Deployment
8.5.6.2            By Enterprise
8.5.6.3            By Application
8.5.7   South Korea
8.5.7.1            By Deployment
8.5.7.2            By Enterprise
8.5.7.3            By Application
8.5.8   Rest of APAC
8.5.8.1            By Deployment
8.5.8.2            By Enterprise
8.5.8.3            By Application
8.6       The Middle East and Africa
8.6.1   Economic Overview
8.6.2   Market Scenario
8.6.3   GCC
8.6.3.1            By Deployment
8.6.3.2            By Enterprise
8.6.3.3            By Application
8.6.4   South Africa
8.6.4.1            By Deployment
8.6.4.2            By Enterprise
8.6.4.3            By Application
8.6.5   The Rest of the Middle East
8.6.5.1            By Deployment
8.6.5.2            By Enterprise
8.6.5.3            By Application
9          Competitive Landscape — Manufacturers and Suppliers
9.1       Competition Dashboard
9.2       Industry Structure
9.3       Apex Loyalty
9.3.1   Business Overview
9.3.2   Financial Performance
9.3.3   Recent Developments
9.3.4   Product Portfolio
9.4       CitiXsys Americas Inc
9.4.1   Business Overview
9.4.2   Financial Performance
9.4.3   Recent Developments
9.4.4   Product Portfolio
9.5       Comarch
9.5.1   Business Overview
9.5.2   Financial Performance
9.5.3   Recent Developments
9.5.4   Product Portfolio
9.6       CityGro Inc.
9.6.1   Business Overview
9.6.2   Financial Performance
9.6.3   Recent Developments
9.6.4   Product Portfolio
9.7       Influitive Corporation
9.7.1   Business Overview
9.7.2   Financial Performance
9.7.3   Recent Developments
9.7.4   Product Portfolio
9.8       SiEBEN Yotpo Ltd.
9.8.1   Business Overview
9.8.2   Financial Performance
9.8.3   Recent Developments
9.8.4   Product Portfolio
9.9       Tango Card Inc.
9.9.1   Business Overview
9.9.2   Financial Performance
9.9.3   Recent Developments
9.9.4   Product Portfolio
9.10    Zoho Corporation Pvt Ltd.
9.10.1 Business Overview
9.10.2 Financial Performance
9.10.3 Recent Developments
9.10.4 Product Portfolio
9.11    Oto Analytics Inc.
9.11.1 Business Overview
9.11.2 Financial Performance
9.11.3 Recent Developments
9.11.4 Product Portfolio
9.12    Loyverse
9.12.1 Business Overview
9.12.2 Financial Performance
9.12.3 Recent Developments
9.12.4 Product Portfolio
10        Conclusion and Recommendation
11        Acronyms and Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/customer-loyalty-management-software-market/toc 

Market News

  • May 2021– Salesforce introduced a new product of Loyalty management for the end-users such as retail, manufacturing, travel, and hospitality to boost engagement and trust. It is built on the Salesforce Consumer 360 platform to provide intelligent solutions for B2B and B2C customers.
  • June 2021– Comarch Launches New AI-Powered Loyalty Program Enrollment Security Service. The AI-powered Enrollment Security Service uses historical data to detect fraudulent new registrations and changes to personal information. It uses an ensemble of statistical and machine learning natural language processing models to analyze each new registration or change in personal data.

News Media

Rapid Increase in Unique Mobile Subscribers Offers an Array of Opportunities for the Customer Loyalty Management Software

E-Commerce Industries Battle to Deliver Essentials Amid the Pandemic
  

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About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision-making and ROI.

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Artificial Intelligence

Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform.  QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.

 
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR  HUD screen, when having some down time. 
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
HIGH RES IMAGE: https://we.tl/t-epx2syiuaRWATCH VIDEO: https://www.youtube.com/watch?v=2v_Pli2pAM8&t=164s
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Artificial Intelligence

Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.

The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™.  Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
 
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=210662258
By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies.  GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance.  Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. 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 work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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robotic-palletizer-market-worth-$1.9-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.

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Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
 
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy),  Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI  (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India),  and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting
Related Reports: 
Palletizer Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (Conventional, Robotic), Product Type (Bags, Boxes and Cases, Pails and Drums), Industry (Food & Beverages, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, E-commerce and Retail) & Region – Global Growth Driver and Industry Forecast to 2029
Autonomous Mobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) – Global Forecast to 2028
Automated Guided Vehicle Market Size, Share, Industry, Statistics & Growth by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region – Global Forecast to 2028
Automated Storage and Retrieval System Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Vertical (Automotive, Food & Beverages, E-Commerce, Retail) – Global Forecast to 2028
Automated Material Handling Equipment Market Size, Share, Statistics and Industry Growth Analysis Report by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028
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. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. 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 work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/robotic-palletizer-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/robotic-palletizer.asp
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