"Increasing Network Marketing to Boost the Growth of Multi-level Marketing Software Market"
The global multi-level marketing software market is expected to grow with a CAGR of 8.3% during the forecast period from 2019 to 2027. The anticipated growth will be driven by the rising network marketing market worldwide. Since 2009, network marketing has grown over 60% to reach US$ 189.6 Bn in 2017, starting from US$ 117.0 Bn in 2009. Multi-level marketing software have various features such as worldwide accessibility, report management and payout management, which helps network marketing companies to manage in-house operations. As a consequence of aforementioned factors, we are expecting healthy growth in the multi-level marketing software market during the forecast period.
Market Synopsis
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"Wellness Segment to Dominate throughout the Forecast Period"
In 2018, the wellness segment held the highest market share in the global multi-level marketing software market, accounting for 34% of the market revenue. Owing to rising health & wellness concerns worldwide, the wellness and cosmetics & personal care segments are growing. Major network marketing companies have exhaustive portfolio of wellness and cosmetics & personal care products. For instance, Amway Corporation’s more than 60% of the product portfolio has wellness and cosmetics & personal care products. Thus, we are expecting the wellness segment to retain its dominance throughout the forecast period.
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"Asia Pacific to Remain Highest Revenue Contributor during the Forecast Period"
Asia Pacific was the leader in the global multi-level marketing software market accounting for more than 1/3rd of the market revenue in 2018. North America and Europe followed Asia Pacific with a revenue share of 20% and 19% respectively. In Asia Pacific, China is the largest multi-level marketing software market owing to China’s leading share in network marketing. Growing GDP, increasing disposable income and changing lifestyle in emerging economies of the Asia Pacific such as China and India are other major growth factors. As a consequence of all these factors, we are expecting the Asia Pacific to be the fastest-growing region during the forecast period.
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Some of the prominent players operating in the multi-level 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 & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The multi-level marketing software market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global multi-level marketing software market based on deployment, end-use, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Deployment (2019–2027; US$ Bn)
•Web-based and Installed
•Cloud Based
|
|
End-Use (2019–2027; US$ Bn)
• Wellness
• Cosmetics & Personal Care
• Household Goods/Durables
• Financial Services
• Others (Homecare, Utilities, etc.)
|
|
Application (2019–2027; US$ Bn)
• Small and Medium Enterprises
• Large Enterprises
|
|
Geography Segment (2019–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the multi-level marketing software market size in 2018 and forecast up to 2027?
- Which is the largest regional market for multi-level marketing software?
- What are the major trends followed in the overall multi-level marketing software across different regions?
- What are the key market trends and high-growth opportunities observed in the multi-level marketing software market?
- What are the drivers of the multi-level marketing software market?
- Which are the leading multi-level marketing software vendors worldwide?
- What are the key strategies adopted by the leading multi-level marketing software vendors?
Unique data points of this report
- Statistics on digital marketing software worldwide
- Recent trends across different regions in terms of adoption of multi-level marketing software
- Notable on-going developments in the multi-level marketing software industry
- Attractive investment proposition for different segments of multi-level marketing software market
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
