Dublin, May 21, 2021 (GLOBE NEWSWIRE) – The “Multi-level Marketing Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021-2029” the report was added to ResearchAndMarkets.com from offer.
The global Multilevel Marketing Software market is expected to grow at a CAGR of 8.3% during the forecast period 2021 to 2029. The expected growth will be driven by the growth of the global Network Marketing market. Since 2009, network marketing has grown by over 60% to reach $ 189.6 billion in 2017, from $ 117.0 billion in 2009.
Asia-Pacific was the global market leader for multi-level marketing software, accounting for over a third of market revenue in 2020. North America and Europe followed Asia- Pacific with a revenue share of 20% and 19% respectively. In Asia Pacific, China is the largest market for multilevel marketing software due to China’s leading share in network marketing.
Increase Network Marketing To Drive Multi-Level Marketing Software Market Growth
Multi-level marketing software has various features such as global accessibility, report management, and payment management, which help network marketing companies manage operations internally. Due to the aforementioned factors, we forecast healthy growth of the Marketing Software market at several levels during the forecast period.
The wellness segment will dominate throughout the forecast period
In 2020, the wellness segment held the highest market share of the global multilevel marketing software market, accounting for 34% of the market revenue. Due to the growing health and wellness concerns around the world, the wellness and cosmetics and personal care segments are growing. The leading network marketing companies have a comprehensive portfolio of wellness and cosmetics and personal care products. For example, over 60% of Amway Corporation’s product portfolio includes wellness, cosmetic and personal care products. Thus, we expect the Wellness segment to maintain its dominance throughout the forecast period.
Asia-Pacific will remain the main contributor to revenues over the forecast period
GDP growth, increasing disposable income and changing lifestyles in emerging Asia-Pacific economies like China and India are other major growth drivers. Due to all these factors, we expect Asia Pacific to be the fastest growing region during the forecast period.
Some of the major players operating in the Multilevel Marketing Software market include MultiSoft Corporation, Netsoft, Inc., Pro MLM Software, International Direct Selling Technology Corporation (IDSTC), ARM MLM, Xennsoft LLC, SocialBug, Compusult Systems Inc., InfoTrax Systems, Techbase Solution Sales Management System, among others.
Historical and forecast period
This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for research. Compound annual growth rate (CAGR) for each respective segment calculated for the forecast period 2021 to 2029.
Key questions answered in this report
What was the size of the Multilevel Marketing Software market in 2020 and forecast to 2029?
What is the largest regional market for multilevel marketing software?
What are the main trends being followed in global marketing software at multiple levels in different regions?
What are the key market trends and high growth opportunities seen in the Multi-Level Marketing Software Market?
What are the drivers of the Multilevel Marketing Software market?
Who are the major multilevel marketing software vendors in the world?
What are the key strategies adopted by the major multilevel marketing software vendors?
Main topics covered:
2. Executive summary
3. Global Multilevel Marketing Software (MLMS) Market Analysis
3.1. Global MLMS Market Overview
3.2. Market dynamics
3.3. Attractive investment proposition, by geography, 2020
3.4. Positioning on the market of the main industry players
3.4.1. Main strategies adopted
4. Global Multilevel Marketing Software (MLMS) Market Value, By Deployment, 2019-2029 (USD Billion)
4.1. Market analysis
4.2. Web-based and installed
4.3. Cloud based
5. Global Multilevel Marketing Software (MLMS) Market Value, By End Use, 2019 – 2029 (USD Billion)
5.1. Market analysis
5.2. The well-being
5.3. Cosmetics and personal care
5.4. Household items / durable goods
5.5. Financial services
5.6. Others (home care, utilities, etc.)
6. Global Multilevel Marketing Software (MLMS) Market Value, By Application, 2019 – 2029 (USD Billion)
6.1. Market analysis
6.2. Small and medium enterprises
6.3. Large companies
7. North America Multi-Level Marketing Software (MLMS) Market Analysis, 2019 – 2029 (USD Billion)
8. Europe Multilevel Marketing Software (MLMS) Market Analysis, 2019 – 2029 (USD Billion)
9. Asia-Pacific Multilevel Marketing Software (MLMS) Market Analysis, 2019 – 2029 (USD Billion)
10. Rest of World Multilevel Marketing Software (MLMS) Market Analysis, 2019 – 2029 (USD Billion)
11. Company profiles
For more information on this report, visit https://www.researchandmarkets.com/r/rnvlwq
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