The global Referral Marketing Software Market was valued at around USD 302 Million in 2021. With a projected CAGR of 13.3% for the next ten years, the market is likely to reach a valuation of nearly USD 1.2 Billion by the end of 2032.
| Attributes | Details |
|---|---|
| Global Referral Marketing Software Market Size (2021) | USD 302 Million |
| Global Referral Marketing Software Size (2022) | USD 348 Million |
| Global Projected Market Value (2032) | USD 1.2 Billion |
| Global Market Growth Rate (2022 to 2032) | 13.3% CAGR |
| United States Market Growth Rate (2022 to 2032) | 13.1% |
| Key Companies Covered | Impartner; Referral candy; Genius Referral; Viral Loops Ltd; Hello Referrals; Tapfiliate; Mention Me; Annex Cloud; Invitevox; InfluitivE; Rocket Referrals; Extole; Refersion; InviteReferrals; OmniStar; Referral SaaSquatch; Friendbuy; Buyapowa |
Future Market Insights’ analysis reveals that a larger proportion of the market revenue was grossed through BFSI, with a CAGR of 15.2% from 2015 to 2021. Revenue through Large Enterprises is expected to be the highest among applications, with a forecasted CAGR of 12.8% in the coming decade.
According to research, people who are referred to a product by a friend are 4 times as likely to buy a product, with word of mouth influencing a 54% increase in marketing efficiency. Referral marketing is preferred because it helps companies build a customer base and an interconnected referral network. It is also cost-effective for marketing since money is spent only on actual new conversions. Further, B2B Referral Marketing Software showed better retention rates, at around 37%.
Companies are increasingly switching over to automated referral marketing processes over manual ones. Referral marketing software can help automate manual processes so that companies can focus on optimizing their referral programs and figuring out what is working best for them. This software also helps with integration with other systems, such as with referral marketing platforms on which they sell products, or even integration with other vendor's sites.
Dropbox, an online storage and file transfer service provider, ran a program that did not run on monetary rewards but was still massively successful, showing an initial growth of 3900% in 15 months, going from 100k to 4 Million users in 2008 to 2010 period. The program rewarded existing customers for every contact referred, with additional space. Those on the Basic Membership can earn 500 MB each time, up to 16 GB; while those on the Plus and Professional Memberships can earn up to 32 GB total, equated to 1 GB per contact.
Harry’s, a mail-order-based shaving brand, ran a hugely successful pre-launch referral-marketing program, gaining 100,000 emails in a single week. Approximately 77% of these emails were based on referrals alone, with each referrer on average converting three consumers. The 4-tiered system provided tangible rewards for products. A single consumer could refer anywhere from 5 to 50 friends to gain the rewards. Over 200 people reached the 50-people mark and gained the reward of a free year of shaving. The product page also involved a tracker so consumers could keep up with referrals and provide them proof that their referrals were actually being accounted for.
A popular form of referral marketing is community-based referral marketing. The company ties up with community centers and non-profit organizations. A charitable donation on a consumer’s behalf can prove to be a strong reward incentive to a consumer as it combines the referral process with the idea of a positive social contribution. Consumers will be more willing to be part of a referral process if they believe they are also providing some kind of contribution to society as a result of their actions.
TOMS, for example, ran a Buy One, Give One model that incentivized customers by telling them that a pair of shoes would be donated to children in need every time a customer bought a pair. Vena, a software management SaaS company, donates USD 2,000 to a charity of the customer’s choice for every converted lead.
According to studies, 60% of buyers look at a company’s social media presence before buying its products. Further, it was found that 18% of people in the 25-34 year category would not provide referrals to a firm that is not on social media. Further, in the current environment of social media, word of mouth travels the most through social media.
The phenomenon of Social proof, or informational social influence, is an idea that has been pushing companies toward investing in referral marketing. It refers to the idea that people take cues from how to behave by emulating the behavior of others they see. Therefore, people who notice brands in a story online will also tend to buy a product and post a story, which is then visible to all their friends and followers, creating a highly influential and rewarding process for brands. The benefits of extending referral marketing to social media are numerous. For one, sharing and promotion become easier. Secondly, customers can easily vet out a brand just based on comment sections and other engagements with the posts.
Businesses are looking at harnessing the wave of influencer popularity, especially amongst Micro and Nano influencers with niche audiences, who have relatively smaller followings but work very well for referral programs since they have better engagement and personal connections with their following. Influencers whose social media presence is closely associated with the product offer something which traditional advertising cannot do.
Unlike traditional forms of advertisement, using niche influencers can allow brands to benefit from the fact that niche influencers are renowned for being knowledgeable about the product concerned and the audience they have cultivated is highly likely to be people who fall into the target market. Under these programs, brands can pursue varied methods of referral marketing such as through a referral code specifically made for the influencer, or through incentives for the audience, an influencer has driven to the brand.
With a Referral Marketing Software market share of 25.2%, the market value of Europe is projected to reach a valuation of USD 304.9 Million by 2032. According to a survey of over 32,000 consumers in Europe and the USA, 66% of repliers said they asked those around them before making purchasing decisions.
The USA accounted for over 30% of the global Referral Marketing Software Market in 2021, with a forecasted market size of USD 431.8 Million by 2032. According to research, an average American citizen mentions brands over 60 times weekly, with 90% of these name drops being online. Referral marketing software in the USA is projected to garner an absolute dollar opportunity of USD 305.2 Million between 2022 and 2032.
Large industries are the key contributors to demand, having experienced a CAGR of 15%, with a forecasted CAGR of 12.8% for the next decade. These enterprises can afford to provide attractive rewards and require automation for any kind of referral marketing due to the massive volumes of customers that will be passing through the process.
Google, for example, has a referral program for its G Suite program, targeting mainly business professionals. The program is widely used in businesses. There is a monetary reward for referrals, through which businesses can earn USD 30 for every person referred, capped at a maximum of USD 3,000.
However, small businesses also stand to benefit from referral marketing. They benefit from decreased customer acquisition costs, increased brand awareness, higher ROI, and improvements in retention rates. In order for this marketing to be efficient and scalable, the use of automation through referral marketing software becomes essential, which has been boosting demand.
BFSIs are the top end-users for referral marketing software, having witnessed a CAGR of 15.2% with a forecasted CAGR of 13% for the upcoming decade. Fintech apps are being developed and released on a regular basis, which means the demand for financial services is at an all-time high compared to those competing for the business. This method also keeps clients interested in the company.
Both cloud-based and on-premise software have comparative advantages. Demand for cloud-based Referral Marketing Software has increased over the years due to its flexibility, scalability, and cost-effectiveness.
On-premise forms of software, on the other hand, are observed as more secure as they offer enterprises a degree of control, both in terms of security and possible breaches or malfunctions. The costs however are significantly higher in the case of on-premise software, for the maintenance and management as well as for the setup itself.
Referral Marketing Software companies are focused on increasing their presence and reach. The key companies operating include Impartner, Referral Candy, Genius Referral, Viral Loops Ltd, Hello Referrals, Tapfiliate, Mention Me, Annex Cloud, Invitevox, InfluitivE, Rocket Referrals, Extole, Refersion, InviteReferrals, OmniStar, Referral SaaSquatch, Friendbuy, and Buyapowa.
Some of the recent developments in Referral Marketing Software are as follows:
Similarly, recent developments related to companies manufacturing Referral Marketing Software have been tracked by the team at Future Market Insights, which is available in the full report.
Table 1: Global Market Value (US$ Million), By Deployment, 2015 to 2021
Table 2: Global Market Value (US$ Million), By Deployment, 2022 to 2032
Table 3: Global Market Value (US$ Million), By End-use, 2015 to 2021
Table 4: Global Market Value (US$ Million), By End-use, 2022 to 2032
Table 5: Global Market Value (US$ Million), By Enterprise Size, 2015 to 2021
Table 6: Global Market Value (US$ Million), By Enterprise Size, 2022 to 2032
Table 7: Global Market, By Region, 2015 to 2021
Table 8: Global Market, By Region, 2022 to 2032
Table 9: North America Market Value (US$ Million), By Deployment, 2015 to 2021
Table 10: North America Market Value (US$ Million), By Deployment, 2022 to 2032
Table 11: North America Market Value (US$ Million), By End-use, 2015 to 2021
Table 12: North America Market Value (US$ Million), By End-use, 2022 to 2032
Table 13: North America Market Value (US$ Million), By Enterprise Size, 2015 to 2021
Table 14: North America Market Value (US$ Million), By Enterprise Size, 2022 to 2032
Table 15: North America Market, By Country, 2015 to 2021
Table 16: North America Market, By Country, 2022 to 2032
Table 17: Latin America Market Value (US$ Million), By Deployment, 2015 to 2021
Table 18: Latin America Market Value (US$ Million), By Deployment, 2022 to 2032
Table 19: Latin America Market Value (US$ Million), By End-use, 2015 to 2021
Table 20: Latin America Market Value (US$ Million), By End-use, 2022 to 2032
Table 21: Latin America Market Value (US$ Million), By Enterprise Size, 2015 to 2021
Table 22: Latin America Market Value (US$ Million), By Enterprise Size, 2022 to 2032
Table 23: Latin America Market, By Country, 2015 to 2021
Table 24: Latin America Market, By Country, 2022 to 2032
Table 25: Europe Market Value (US$ Million), By Deployment, 2015 to 2021
Table 26: Europe Market Value (US$ Million), By Deployment, 2022 to 2032
Table 27: Europe Market Value (US$ Million), By End-use, 2015 to 2021
Table 28: Europe Market Value (US$ Million), By End-use, 2022 to 2032
Table 29: Europe Market Value (US$ Million), By Enterprise Size, 2015 to 2021
Table 30: Europe Market Value (US$ Million), By Enterprise Size, 2022 to 2032
Table 31: Europe Market, By Country, 2015 to 2021
Table 32: Europe Market, By Country, 2022 to 2032
Table 33: Asia Pacific Market Value (US$ Million), By Deployment, 2015 to 2021
Table 34: Asia Pacific Market Value (US$ Million), By Deployment, 2022 to 2032
Table 35: Asia Pacific Market Value (US$ Million), By End-use, 2015 to 2021
Table 36: Asia Pacific Market Value (US$ Million), By End-use, 2022 to 2032
Table 37: Asia Pacific Market Value (US$ Million), By Enterprise Size, 2015 to 2021
Table 38: Asia Pacific Market Value (US$ Million), By Enterprise Size, 2022 to 2032
Table 39: Asia Pacific Market, By Country, 2015 to 2021
Table 40: Asia Pacific Market, By Country, 2022 to 2032
Table 41: Middle East and Africa Market Value (US$ Million), By Deployment, 2015 to 2021
Table 42: Middle East and Africa Market Value (US$ Million), By Deployment, 2022 to 2032
Table 43: Middle East and Africa Market Value (US$ Million), By End-use, 2015 to 2021
Table 44: Middle East and Africa Market Value (US$ Million), By End-use, 2022 to 2032
Table 45: Middle East and Africa Market Value (US$ Million), By Enterprise Size, 2015 to 2021
Table 46: Middle East and Africa Market Value (US$ Million), By Enterprise Size, 2022 to 2032
Table 47: Middle East and Africa Market, By Country, 2015 to 2021
Table 48: Middle East and Africa Market, By Country, 2022 to 2032
Table 49: Global Market Incremental Opportunity, By Deployment, 2015 to 2021
Table 50: Global Market Incremental Opportunity, By End-use, 2022 to 2032
Table 51: Global Market Incremental Opportunity, By Enterprise Size, 2015 to 2021
Table 52: Global Market Incremental Opportunity, By Region, 2022 to 2032
Table 53: North America Market Incremental Opportunity, By Deployment, 2015 to 2021
Table 54: North America Market Incremental Opportunity, By End-use, 2022 to 2032
Table 55: North America Market Incremental Opportunity, By Enterprise Size, 2015 to 2021
Table 56: North America Market Incremental Opportunity, By Country, 2022 to 2032
Table 57: Latin America Market Incremental Opportunity, By Deployment, 2015 to 2021
Table 58: Latin America Market Incremental Opportunity, By End-use, 2022 to 2032
Table 59: Latin America Market Incremental Opportunity, By Enterprise Size, 2015 to 2021
Table 60: Latin America Market Incremental Opportunity, By Country, 2022 to 2032
Table 61: Europe Market Incremental Opportunity, By Deployment, 2015 to 2021
Table 62: Europe Market Incremental Opportunity, By End-use, 2022 to 2032
Table 63: Europe Market Incremental Opportunity, By Enterprise Size, 2015 to 2021
Table 64: Europe Market Incremental Opportunity, By Country, 2022 to 2032
Table 65: Asia Pacific Market Incremental Opportunity, By Deployment, 2015 to 2021
Table 66: Asia Pacific Market Incremental Opportunity, By End-use, 2022 to 2032
Table 67: Asia Pacific Market Incremental Opportunity, By Enterprise Size, 2015 to 2021
Table 68: Asia Pacific Market Incremental Opportunity, By Country, 2022 to 2032
Table 69: Middle East and Africa Market Incremental Opportunity, By Deployment, 2015 to 2021
Table 70: Middle East and Africa Market Incremental Opportunity, By End-use, 2022 to 2032
Table 71: Middle East and Africa Market Incremental Opportunity, By Enterprise Size, 2015 to 2021
Table 72: Middle East and Africa Market Incremental Opportunity, By Country, 2022 to 2032
Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 3: Global Market Share, By Deployment, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Deployment - 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Deployment - 2022 to 2032
Figure 6: Global Market Share, By End-use, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 8: Global Market Attractiveness Index, By End-use - 2022 to 2032
Figure 9: Global Market Share, By Enterprise Size, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Enterprise Size - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Enterprise Size - 2022 to 2032
Figure 12: Global Market Share, By Region, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 15: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 16: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 17: North America Market Share, By Deployment, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Deployment - 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Deployment - 2022 to 2032
Figure 20: North America Market Share, By End-use, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 22: North America Market Attractiveness Index, By End-use - 2022 to 2032
Figure 23: North America Market Share, By Enterprise Size, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Enterprise Size - 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Enterprise Size - 2022 to 2032
Figure 26: North America Market Share, By Country, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 28: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 29: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 30: Latin America Market Absolute Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 31: Latin America Market Share, By Deployment, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Deployment - 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Deployment - 2022 to 2032
Figure 34: Latin America Market Share, By End-use, 2022 & 2032
Figure 35: Latin America Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 36: Latin America Market Attractiveness Index, By End-use - 2022 to 2032
Figure 37: Latin America Market Share, By Enterprise Size, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Enterprise Size - 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Enterprise Size - 2022 to 2032
Figure 40: Latin America Market Share, By Country, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 43: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 44: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 45: Europe Market Share, By Deployment, 2022 & 2032
Figure 46: Europe Market Y-o-Y Growth Projections, By Deployment - 2022 to 2032
Figure 47: Europe Market Attractiveness Index, By Deployment - 2022 to 2032
Figure 48: Europe Market Share, By End-use, 2022 & 2032
Figure 49: Europe Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 50: Europe Market Attractiveness Index, By End-use - 2022 to 2032
Figure 51: Europe Market Share, By Enterprise Size, 2022 & 2032
Figure 52: Europe Market Y-o-Y Growth Projections, By Enterprise Size - 2022 to 2032
Figure 53: Europe Market Attractiveness Index, By Enterprise Size - 2022 to 2032
Figure 54: Europe Market Share, By Country, 2022 & 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 57: Middle East and Africa Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 58: Middle East and Africa Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 59: Middle East and Africa Market Share, By Deployment, 2022 & 2032
Figure 60: Middle East and Africa Market Y-o-Y Growth Projections, By Deployment - 2022 to 2032
Figure 61: Middle East and Africa Market Attractiveness Index, By Deployment - 2022 to 2032
Figure 62: Middle East and Africa Market Share, By End-use, 2022 & 2032
Figure 63: Middle East and Africa Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 64: Middle East and Africa Market Attractiveness Index, By End-use - 2022 to 2032
Figure 65: Middle East and Africa Market Share, By Enterprise Size, 2022 & 2032
Figure 66: Middle East and Africa Market Y-o-Y Growth Projections, By Enterprise Size - 2022 to 2032
Figure 67: Middle East and Africa Market Attractiveness Index, By Enterprise Size - 2022 to 2032
Figure 68: Middle East and Africa Market Share, By Country, 2022 & 2032
Figure 69: Middle East and Africa Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Index, By Country - 2022 to 2032
Figure 71: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 72: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 73: Asia Pacific Market Share, By Deployment, 2022 & 2032
Figure 74: Asia Pacific Market Y-o-Y Growth Projections, By Deployment - 2022 to 2032
Figure 75: Asia Pacific Market Attractiveness Index, By Deployment - 2022 to 2032
Figure 76: Asia Pacific Market Share, By End-use, 2022 & 2032
Figure 77: Asia Pacific Market Y-o-Y Growth Projections, By End-use - 2022 to 2032
Figure 78: Asia Pacific Market Attractiveness Index, By End-use - 2022 to 2032
Figure 79: Asia Pacific Market Share, By Enterprise Size, 2022 & 2032
Figure 80: Asia Pacific Market Y-o-Y Growth Projections, By Enterprise Size - 2022 to 2032
Figure 81: Asia Pacific Market Attractiveness Index, By Enterprise Size - 2022 to 2032
Figure 82: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 83: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 84: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
Figure 85: United States of America Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 86: United States of America Market Share, By Deployment, 2021
Figure 87: United States of America Market Share, By End-use, 2021
Figure 88: United States of America Market Share, By Enterprise Size, 2021
Figure 89: Canada Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 90: Canada Market Share, By Deployment, 2021
Figure 91: Canada Market Share, By End-use, 2021
Figure 92: Canada Market Share, By Enterprise Size, 2021
Figure 93: Brazil Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 94: Brazil Market Share, By Deployment, 2021
Figure 95: Brazil Market Share, By End-use, 2021
Figure 96: Brazil Market Share, By Enterprise Size, 2021
Figure 97: Mexico Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 98: Mexico Market Share, By Deployment, 2021
Figure 99: Mexico Market Share, By End-use, 2021
Figure 100: Mexico Market Share, By Enterprise Size, 2021
Figure 101: Germany Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 102: Germany Market Share, By Deployment, 2021
Figure 103: Germany Market Share, By End-use, 2021
Figure 104: Germany Market Share, By Enterprise Size, 2021
Figure 105: United Kingdom Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 106: United Kingdom Market Share, By Deployment, 2021
Figure 107: United Kingdom Market Share, By End-use, 2021
Figure 108: United Kingdom Market Share, By Enterprise Size, 2021
Figure 109: France Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 110: France Market Share, By Deployment, 2021
Figure 111: France Market Share, By End-use, 2021
Figure 112: France Market Share, By Enterprise Size, 2021
Figure 113: Italy Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 114: Italy Market Share, By Deployment, 2021
Figure 115: Italy Market Share, By End-use, 2021
Figure 116: Italy Market Share, By Enterprise Size, 2021
Figure 117: BENELUX Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 118: BENELUX Market Share, By Deployment, 2021
Figure 119: BENELUX Market Share, By End-use, 2021
Figure 120: BENELUX Market Share, By Enterprise Size, 2021
Figure 121: Nordic Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 122: Nordic Countries Market Share, By Deployment, 2021
Figure 123: Nordic Countries Market Share, By End-use, 2021
Figure 124: Nordic Countries Market Share, By Enterprise Size, 2021
Figure 125: China Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 126: China Market Share, By Deployment, 2021
Figure 127: China Market Share, By End-use, 2021
Figure 128: China Market Share, By Enterprise Size, 2021
Figure 129: Japan Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 130: Japan Market Share, By Deployment, 2021
Figure 131: Japan Market Share, By End-use, 2021
Figure 132: Japan Market Share, By Enterprise Size, 2021
Figure 133: South Korea Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 134: South Korea Market Share, By Deployment, 2021
Figure 135: South Korea Market Share, By End-use, 2021
Figure 136: South Korea Market Share, By Enterprise Size, 2021
Figure 137: GCC Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 138: GCC Countries Market Share, By Deployment, 2021
Figure 139: GCC Countries Market Share, By End-use, 2021
Figure 140: GCC Countries Market Share, By Enterprise Size, 2021
Figure 141: South Africa Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 142: South Africa Market Share, By Deployment, 2021
Figure 143: South Africa Market Share, By End-use, 2021
Figure 144: South Africa Market Share, By Enterprise Size, 2021
Figure 145: Turkey Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 146: Turkey Market Share, By Deployment, 2021
Figure 147: Turkey Market Share, By End-use, 2021
Figure 148: Turkey Market Share, By Enterprise Size, 2021
The global Referral Marketing Software market was valued at USD 302 Million in 2021.
The Referral Marketing Software industry is set to witness a growth rate of 13.3% over the forecast period and be valued at USD 1.2 Billion by 2032.
The Referral Marketing Software Market expanded by 15.4% from 2015 through 2021.
Impartner, Referral Candy, Genius Referral, Viral Loops Ltd, Hello Referrals, Tapfiliate, Mention Me, Annex Cloud, Invitevox, InfluitivE, Rocket Referrals, Extole, Refersion, InviteReferrals, OmniStar, Referral SaaSquatch, Friendbuy, and Buyapowa are some of the key players.
The USA, UK, China, Japan, and South Korea are expected to be the key drivers of sales.
The market in the USA accounts for over 30% of the global market.
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