"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 2025 to 2033. 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.
"Wellness Segment to Dominate throughout the Forecast Period"
In 2020, 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 product portfolio has wellness and cosmetics & personal care products. Thus, we are expecting the wellness segment to retain its dominance throughout the forecast period.
"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 2020. 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.
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 study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Multi-level market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
---|---|
Research Period | 2023-2033 |
Base Year | 2024 |
Forecast Period | 2025-2033 |
Historical Year | 2023 |
Unit | USD Million |
Segmentation | |
Deployment
| |
End-Use
| |
Application
| |
Region Segment (2023-2033; US$ Million)
|
Key questions answered in this report