Global and United States Rewards and Incentives Service Market Report & Forecast 2022-2028

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.
Market Analysis and Insights: Global and United States Rewards and Incentives Service Market
This report focuses on global and United States Rewards and Incentives Service market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Rewards and Incentives Service market size is estimated to be worth US$ 4288.6 million in 2022 and is forecast to a readjusted size of US$ 7152.8 million by 2028 with a CAGR of 8.9% during the review period. Fully considering the economic change by this health crisis, by Type, Digital Rewards accounting for % of the Rewards and Incentives Service global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, For Employees was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast 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.
Global Rewards and Incentives Service Scope and Market Size
Rewards and Incentives Service market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Rewards and Incentives Service market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Rewards and Incentives Service market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Digital Rewards
Rewards in Kind
Segment by Application
For Employees
For Customers
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
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