The market for Multi-level Marketing Software Market is expected to reach USD$ XX in 2027.
The global multi-level marketing software market is expected to grow at 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. Network marketing has grown by more than 60% since 2009, reaching US$ 189.6 billion in 2017, up from US$ 117.0 billion in 2009.
Multi-level marketing software has various features, such as worldwide accessibility, report management, and payout management, which helps network marketing companies manage in-house operations. As a consequence of the aforementioned factors, we are expecting healthy growth in the multi-level marketing software market during 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's revenue. Owing to rising health and wellness concerns worldwide, the wellness and cosmetics, and personal care segments are growing.
Major network marketing companies have an exhaustive portfolio of wellness, cosmetics, and personal care products. For instance, Amway Corporation's product portfolio has more than 60% wellness and cosmetics, and personal care products. Thus, we are expecting the wellness segment to retain its dominance throughout the forecast period.
Asia Pacific was the leader in the global multi-level marketing software market in 2018, accounting for more than 1/3 of the market's revenue. 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.
Other major growth factors include rising GDP, rising disposable income, and changing lifestyles in the Asia Pacific emerging economies such as China and India. As a consequence of all these factors, we are expecting the Asia Pacific to be the fastest-growing region during the forecast period.
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 (IDC), ARM MLM, Xennsoft LLC, SocialBug, Compusult Systems, Inc., InfoTrax Systems, and Techbase Solution Sales Management System, among others.
This research report presents the analysis of each segment from 2017 to 2027,considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
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 the global multi-level marketing software market based on deployment, end-use, application, and geography. Key segments covered in the report are as follows:
The market for Multi-level Marketing Software Market is expected to reach USD$ XX in 2027.
The Multi-level Marketing Software Market is expected to see significant CAGR growth over the coming years, at 8.3% .
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Pro MLM Software, International Direct Selling Technology Corporation (IDC), ARM MLM, Xennsoft LLC. are some of the major players in the global market.