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The global multi-level marketing software market is expected to grow with a CAGR of 8.3% during the forecast period from 2021 to 2029. 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.
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.
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Amid the COVID-19 crisis, the global market for Hand Wash estimated at US$6.9 Million in the year 2020, is projected to reach a revised size of US$10.2 Million by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.
Hypermarkets, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$4.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Retailers segment is readjusted to a revised 5.3% CAGR for the next 7-year period.