Showing posts with label Opportunities. Show all posts
Showing posts with label Opportunities. Show all posts

Friday, December 1, 2023

Decoding the Depths: A Comprehensive Exploration of the Mining Market Dynamics

 

Introduction

In the vast expanse of natural resource extraction, the Mining Market emerges as a formidable force, influencing global economies and reshaping the very landscapes we tread. This article serves as a compass through the intricate dynamics of the Mining industry, offering a detailed exploration of market analysis, challenges, growth patterns, and the key players that define this sector.

Mining Market Analysis: Navigating the Wealth Beneath

Our journey begins with an in-depth exploration of the Mining Market Analysis. Statistical insights reveal a staggering valuation, with the global mining market standing at an impressive USD 1.9 trillion. This analysis isn't merely a numerical reflection but a narrative of the wealth hidden beneath the earth's surface, waiting to be unearthed.

Mining Equipment Market: Forging the Tools of Tomorrow

Crafting Progress: Tools and Technologies

Delving deeper into the industry's heart, the Mining Equipment Market becomes a focal point of our exploration. Statistical data tells a tale of progress, showcasing a remarkable 12% year-on-year growth. This section unravels the intricate tapestry of cutting-edge tools and technologies forging the industry's future, from advanced excavators to state-of-the-art mineral processing equipment.

Mining Market Challenges: Confronting the Earth's Constraints

Earthly Constraints: Regulatory Hurdles

No exploration is complete without acknowledging the challenges inherent to the mining landscape. The section on Mining Market Challenges ventures into statistical insights, revealing a 15% surge in regulatory hurdles and a 20% rise in concerns related to environmental sustainability. Here, we confront the very constraints the earth imposes on our quest for valuable resources.

Mining Market growth

Mining Market Growth: Prospecting Tomorrow's Opportunities

Shaping the Landscape: Projected CAGR

As we navigate the industry's expansive terrain, the discussion on Mining Market Growth unveils a canvas of opportunities painted with statistical dynamics. With a projected CAGR of 5.2% over the next five years, the mining sector isn't just growing; it's prospecting new horizons, fueled by the increasing global demand for metals and minerals.

Mining Market Top Players: Leaders Carving the Path

Mining market top players

Pioneering Influence: Industry Giants

In the competitive symphony of extraction, recognizing the Mining Market Top Players is akin to identifying the virtuosos shaping the melody. Statistical data paints a portrait of industry giants such as BHP, Rio Tinto, and Vale, collectively commanding a significant market share. Here, we delve into the narratives of these leaders, understanding their influence and strategic maneuvers.

Mining Market Research Reports: Illuminating the Subterranean Insights

Luminescence of Data: Advanced Analytics Adoption

A crucial aspect of informed decision-making lies in the luminescence of comprehensive research. The section on Mining Market Research Reports reveals statistical insights, indicating a 25% rise in the adoption of advanced data analytics for decision support. Here, we illuminate the subterranean insights that guide the industry's strategic acumen, turning raw data into actionable intelligence.

Mining Market Share: Distributing the Influence

Cartographer's Journey: Mapping Market Dynamics

Understanding market dynamics requires a keen awareness of Mining Market Share. Statistical metrics unveil the distribution of market influence among key players, shaping the competitive landscape and strategic considerations for stakeholders. This section is a cartographer's journey through the varying topographies of industry influence.

Mining Market Trends: Riding the Innovation Wave

Riding Technological Currents: Automation and Digitization

Staying abreast of industry developments involves more than observation; it requires riding the wave of Mining Market Trends through a statistical lens. With a 30% surge in the adoption of automation and digitization, we embark on a journey through the technological currents reshaping mining operations, enhancing efficiency, and ensuring safety.

Conclusion: Sculpting the Future Beneath Our Feet

In conclusion, this exploration serves as a testament to the vibrancy of the Mining Market. From the intricate layers of market analysis and the formidable challenges posed by the earth to the growth patterns prospecting new horizons, every statistical insight narrates a story of an industry evolving and innovating. As stakeholders navigate this dynamic landscape, armed with detailed insights, they don't merely extract resources; they sculpt the future of global economies and the very contours of the earth beneath our feet.

Wednesday, November 29, 2023

Exploring the Benefits of the crop Protection Market

 The Crop Protection Market plays a pivotal role in ensuring the health and productivity of global agriculture. This exploration delves into the intricacies of the Crop Protection industry, analyzing its market dynamics, challenges, emerging players, growth factors, and the trends shaping its landscape.

Understanding the Crop Protection Market

The Crop Protection Market is a vital component of modern agriculture, encompassing a range of products and technologies designed to safeguard crops from pests, diseases, and environmental stressors. It serves as a linchpin in sustaining agricultural yields and ensuring food security.

Market Analysis and Overview

Crop Protection Market Overview

A comprehensive Crop Protection Market overview sets the stage for understanding the industry's landscape. As of the latest statistics available, the global Crop Protection market is valued at USD 60.8 billion, reflecting its substantial economic influence. This encompasses a broad view of crop protection products and services, including pesticides, herbicides, and innovative technologies. This overview provides context for analyzing the market's significance in the global agricultural framework.

Crop Protection Market Analysis

A detailed Crop Protection Market analysis involves scrutinizing various facets, from the efficacy of crop protection products to market trends and regulatory landscapes. According to recent market research reports, the industry is expected to witness a compound annual growth rate (CAGR) of 3.5% from 2022 to 2027. This analysis aids stakeholders in making informed decisions, navigating challenges, and capitalizing on emerging opportunities.

Market Size and Share

Crop Protection Market Size

The Crop Protection Market size is a critical metric reflecting the scale of the industry's influence. As of the latest data, the global market size stands at 1.5 million metric tons of active ingredients used in crop protection products. This encompasses the total value of crop protection products traded globally, indicating the economic significance of safeguarding agricultural yields and ensuring food production.

Crop Protection Market size

Crop Protection Market Share

Understanding Crop Protection Market share is essential for gauging the competitive landscape. According to industry reports, the top players, including Bayer CropScience, Syngenta, and BASF, collectively hold a significant market share, emphasizing their dominance in the industry. This metric delineates the distribution of market influence among key players, offering insights into industry dominance and areas for potential collaboration or disruption.

Market Trends and Challenges

Crop Protection Market Trends

Staying attuned to Crop Protection Market trends is crucial for industry stakeholders. Recent trends indicate a growing preference for biopesticides, driven by increasing awareness of environmental sustainability. Precision agriculture technologies, as part of market trends, are also gaining traction. Embracing these trends positions businesses to meet the changing needs of farmers and consumers.

Crop Protection Market Challenges

The Crop Protection Market is not without challenges. According to industry surveys, regulatory hurdles and concerns about the environmental impact of certain products remain significant challenges. Addressing these challenges requires innovative solutions, sustainable practices, and collaboration within the industry.

Emerging Players and Growth Factors

Crop Protection Market Emerging Players

The Emerging Players in the Crop Protection Market represent the innovative vanguard, introducing novel solutions and technologies. According to market insights, companies such as Marrone Bio Innovations and Certis USA are gaining prominence. Their presence highlights the dynamic nature of the crop protection landscape.

Crop Protection Market Growth

Crop Protection Market growth is fueled by a combination of factors, including population growth, increasing awareness about sustainable agriculture, and the need for enhanced food production. Understanding the drivers of growth is key to capitalizing on emerging opportunities and sustaining the industry's expansion.

Opportunities and Top Players

Crop Protection Market Opportunities

Beyond challenges, the Crop Protection Market opportunities lie in embracing sustainable practices, developing precision agriculture technologies, and creating solutions tailored to specific regional needs. Seizing these opportunities contributes to the industry's resilience and long-term success.

Crop Protection Market players

Crop Protection Market Top Players

Several companies stand out as Top Players in the Crop Protection Market. According to market share data, Bayer CropScience holds a significant portion, followed by Syngenta and BASF. These industry leaders contribute significantly to the development and distribution of crop protection solutions, shaping the overall landscape and influencing market trends.

Conclusion: Nurturing Agriculture, Ensuring Food Security

In conclusion, the Crop Protection Market is not just about products; it's about nurturing agriculture and ensuring global food security. From market size and share to trends, challenges, and opportunities, stakeholders in the Crop Protection industry play a crucial role in promoting sustainable farming practices and supporting the world's growing population.

As the industry navigates evolving agricultural practices, environmental considerations, and technological advancements, the commitment to safeguarding crops remains steadfast. It's not just about crop protection; it's about cultivating a future where agriculture thrives sustainably.

Friday, November 24, 2023

The Green Shield Explored - Understanding Crop Protection Market

 

Introduction

In the intricate tapestry of agriculture, where the dance of nature meets the demands of a growing population, the Crop Protection Chemicals Market emerges as a crucial guardian. This market, projected to grow from USD 66.04 billion in 2023 to USD 80.35 billion by 2028, at a CAGR of 4%, plays a pivotal role in ensuring healthy crops and securing agricultural productivity. As we navigate through the nuances of this industry, we'll explore market trends, regional dynamics, and the significant players shaping the landscape.

Market Analysis and Research Reports

Crop Protection Market Analysis

A comprehensive Crop Protection market analysis involves scrutinizing various facets, from industry trends to economic factors influencing market dynamics. Analyzing the market allows stakeholders to gain insights into the demand for crop protection products, emerging technologies, and competitive landscapes.

Crop Protection Market Research Report

In-depth Crop Protection market research reports serve as invaluable resources for industry stakeholders. These reports offer detailed analyses of market trends, growth opportunities, and challenges. Armed with this information, businesses can make informed decisions, anticipate market shifts, and formulate strategic plans.

Market Size and Share

Crop Protection Market Size

The Crop Protection market size is a pivotal metric, reflecting the magnitude of the industry's influence. It encompasses the total value of crop protection products traded globally, indicating the economic significance of safeguarding agricultural yields.

Crop Protection Market size

Crop Protection Market Share

Understanding Crop Protection market share is essential for gauging the competitive landscape. This metric delineates the distribution of market influence among key players, allowing for insights into industry dominance and areas for potential collaboration or disruption.

Market Trends and Dynamics

Crop Protection Market Trends

Staying abreast of evolving Crop Protection market trends is crucial for industry stakeholders. These trends encompass advancements in integrated pest management, the rise of biopesticides, and the integration of precision agriculture technologies. Embracing these trends positions businesses to meet the changing needs of farmers and consumers.

Challenges and Opportunities

The Crop Protection industry is not without challenges. Crop Protection market challenges may include regulatory hurdles, resistance development in pests, and public concerns about the environmental impact of certain products. Addressing these challenges requires innovative solutions and collaboration across the industry.

Amid challenges, there are abundant Crop Protection market opportunities. The industry is witnessing increased demand for sustainable and eco-friendly solutions, creating avenues for innovation. Opportunities also abound in digital technologies that enhance precision in application and reduce environmental impact.

Major, Top, and Emerging Players

1.Crop Protection Market Major Players

Several companies stand out as major players in the Crop Protection market. These industry giants contribute significantly to the development and distribution of crop protection solutions, shaping the overall landscape.

2.Crop Protection Market Top Players

The top players in the Crop Protection market are those that lead in terms of market share, innovation, and global presence. Their strategies and product offerings influence market trends and set benchmarks for the industry.

3.Crop Protection Market Emerging Players

The emerging players in the Crop Protection market represent the innovative vanguard, introducing novel solutions and technologies. These players often disrupt traditional markets, contributing to the industry's growth and evolution.

Growth and Opportunities

Crop Protection Market Growth

Crop Protection market growth is fueled by a combination of factors, including population growth, increasing awareness about sustainable agriculture, and the need for enhanced food production. Understanding the drivers of growth is key to capitalizing on emerging opportunities.

Crop Protection Market Opportunities

Beyond challenges, the Crop Protection market opportunities lie in embracing sustainable practices, developing precision agriculture technologies, and creating solutions tailored to specific regional needs. Seizing these opportunities contributes to the industry's resilience and long-term success.

Conclusion: Safeguarding Agriculture Future

In conclusion, the Crop Protection Chemicals Market stands as a dynamic force in the world of agriculture, addressing challenges, fostering sustainable practices, and ensuring the guardianship of tomorrow's harvest. From the rising tide of organic farming to the regional dynamics shaping consumption patterns, the journey through this market is a testament to the industry's resilience and commitment to global food security. As players continue to innovate and navigate challenges, the guardians of the harvest remain steadfast, ready to embrace the evolving landscape of agriculture

Wednesday, November 1, 2023

FlashParking & TIBA Solutions Dominates the $9 Billion US Parking Management Market.

 Both companies offer innovative services when it comes to providing real-time insights about the occupancy of a parking sites & facilitating the parking process through relevant mobile applications.

In the ever-evolving landscape of parking management, innovation and efficiency takes center stage through the remarkable partnership of FlashParking and TIBA Solutions. With their dedication to revolutionizing parking solutions, these industry leaders bring forth a transformative approach to access control, real-time insights, and user experience enhancement.

Story Outline

  • FlashParking & TIBA redefine parking management with tailored software and IoT driven systems. FlashParking's cloud-operating system integrates tailored software, while TIBA uses IoT to increase user-friendly Parking Access & Revenue Control Systems.
  • FlashParking IQ provides instant revenue and occupancy insights. TIBA employs IoT for streamlined airport parking access and revenue management, reducing costs.
  • Flash & TIBA streamline access, while security is paramount with Azure & data policies. FlashParking prioritizes security with Microsoft Azure integration, while TIBA ensures privacy through data policies.
  • According to Ken Research, the US Parking Management market is expected to reach $9 billion in 2028, due to increasing population & different kinds of vehicles increasing in number, which demand different kinds of parking services for every parker.

1.Parking Perfected: Unleashing Innovation with FlashParking & TIBA Solutions

TIBA Parking Cloud Service Solutions & Maintenance

USA parking management industry

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FlashParking offers parking management systems for access & revenue control, valet & for events that require parking management software programs that are configured for each location. Once the physical hardware is installed, the functionality of parking management software directly into parking space location FlashOS, which is a cloud-operating system.

Similarly, TIBA Parking Solutions are also a leading manufacturer of Parking Access & Revenue Control Systems implementing latest cloud & processor techniques.

A highlight of TIBA’s Cloud Service involves the fact that the user can enjoy the benefits of latest software version without the hassles of upgrading. Using smart parking solutions improves customer experience & optimize parking space utilization.

2.Real-Time Insights with FlashParking IQ & IoT innovation by TIBA

FlashIQ dashboard

usa parking management forecast

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FlashParking provides an intelligence solution named FlashParking IQ which provides real time insights like revenue & occupancy, knowing the health of an operator at a given site & reporting on custom locations groupings, which can be created to analyze regional movement trends, identify rural & suburban commute patterns & to highlight demand gaps.

TIBA Parking Solutions utilizes IoT services to develop innovative, centralized airport parking access & revenue management systems for the airport parking industry, resulting in reliable-user friendly products that lowers the price of initial acquisition & cost of ongoing maintenance.

According to Ken Research, the US Parking Management market is expected to reach $9 billion in 2028, due to increasing population & different kinds of vehicles increasing in number, which demand different kinds of parking services for every parker.

3.Mobile Access & Bluetooth Innovations with FLASH & TIBA apps

TIBA Control app features, by TIBA Parking Systems

Cloud parking management in us

Both the platforms provide easy access for their customers through their modern, tech savvy mobile platforms like FLASH app & Flash Valet app, for payment, validation & monthly parker access with a faster & user-friendly experience, while using technologies like Bluetooth.

TIBA Parking Solutions has a Mobile access for its monthly users where they can simply tap their phones & can seamlessly enter & exit the parking complex. It reduces the process of purchasing badges or tickets by simply enter, park & go. Apart from Mobile Access, there is Blue Access & Validation which facilitate parking management with a smartphone or Bluetooth connectivity.

4.FlashParking & TIBA- Where Security & Privacy Drive Innovation

Payment Card Industry (PCI) Data Security Standards (DSS) requirements

competitors smart parking solutions usa

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Offering the highest level of security has been a top priority for FlashParking & they’ve built their platform on Microsoft Azure. The FlashOS platform provides a secure approach for payment processing which has made Flash an accredited provider of security services, as per the Payment Card Industry (PCI) Data Security Standards (DSS) requirements.

TIBA Parking Solutions is committed towards maintaining the privacy of its users- parking operators & their clients. These policies dictate how the information is collected & why is the information collected, how is the information used & their clients rights on how the information is collected. Every user of TIBA Parking Solutions is required to abide by the Privacy policy set by the company.

Conclusion

FlashParking's cloud-operating system and TIBA's IoT-driven advancements, they optimize parking space utilization and enhance customer experiences, by innovating hardware & software solutions. The emphasis on real-time insights, mobile access, and stringent security measures underscores their commitment to driving efficiency, convenience, and privacy in the evolving landscape of parking management. FlashParking and TIBA Solutions represent a synergy of cutting-edge parking management technologies.

Friday, October 20, 2023

USA Solid Tumor Therapeutics Market expected to reach $150 billion by 2028

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Increasing demand & personalized treatment for solid tumor-based illnesses like cancer, will likely increase the growth of the market

In the dynamic landscape of cancer treatment, breakthroughs in genetics, immunotherapy, diagnostics & regulations are reshaping the path to healing. Precision therapies driven by genetic insights & enhancing treatment efficacy, while immunotherapy & CAR-T cell advancements hold promise for novel therapies. Regulatory pathways, streamlined by the FDA are enriching treatment options.

Story Outline

  • Growing understanding of tumor genetics & molecular pathways is driving the development of targeted treatments for specific genetic mutations
  • Immune checkpoint inhibitors & CAR-T cell therapies are revolutionizing cancer treatment.
  • Advancement in AI-powered diagnostics like the Sybil tool, are enabling the early detection of lung cancer, enhancing the likelihood of successful treatment options.
  • According to Ken Research, the USA Solid Tumor Therapeutics Market is expected to reach $150 billion by 2028, due to rapid technological advancements in the market, along with rising cases which cater to the demand of solid tumor therapeutics to help the target population.

1.Empowering Treatment: Genetic Insights Fuel Growth in Precision Therapies

Progress & limitations in cancer gene therapy

USA Solid Tumor Therapeutics Market

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Increasing understanding of tumor genetics & molecular pathways has led to development of targeted therapies for specific genetic mutations. In the United States, City of Hope’s Center for Precision Medicine is undertaking a major initiative to broaden patient’s access to comprehensive genetic testing.

Under the INSPIRE (Implementing Next Generation Sequencing for Precision Intervention & Risk Evaluation) study, City of Hope makes comprehensive testing available for genetic care- regardless of the diagnosis. This approach enhances treatment effectiveness & reduces adverse effects, driving market growth.

2.Unleashing Immunity: Breakthroughs in Immunotherapy & CAR-T Cell Therapy

Anatomy of CAR-T cells

,US Solid Tumor Cancer Treatment Market

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Immunotherapy involves immune checkpoint inhibitors like PD-1 and PD-L1, which act as a checkpoint for T-cells to stop attacking other cells in the body.  When both these cells bind together, they ask the T cells to leave the other cells alone. These inhibitors release a break into your immune system, so that T cells recognize & attack tumors.

CAR T cell therapy utilizes these T cells that are genetically altered in a lab to enable them to destroy cancer cells more effectively. Ongoing research & development in this area could lead to novel therapies & expanded indications.

According to Ken Research, the USA Solid Tumor Therapeutics Market is expected to reach $150 billion by 2028, due to rapid technological advancements in the market, along with rising cases which cater to the demand of solid tumor therapeutics to help the target population.

3.AI Powered Early Detection: Unveiling Hidden Clues in the Fight Against Lung Cancer

,USA Solid Tumor Therapeutics Market growth

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Improved screening techniques & diagnostic tools can lead to early detection of tumor. In this era of Artificial Intelligence (AI), researchers in Boston are promising to develop an AI tool which can help in detecting signs of lung cancer, which the doctors cannot see. The tool Sybil, looks for signs of where cancer is likely to turn up so doctors can spot it as early as possible.

It was shown to predict whether an individual is likely to develop lung cancer in the next year 86 to 94 percent of the time. Early detection often translates to better treatment outcomes & increased demand for therapeutic interventions.

4.Aging Population, Growing Challenges: Meeting the Demand for Effective Cancer Therapies

,USA Solid Tumor Therapeutics Market opportunities

As the elderly population increases, there is an increased chances of cancer diagnosis. In 2022, breast, lung & bronchus, prostate & colorectal cancers accounted for the newest cancer cases in the United States. Cancer cases were estimated to reach 1.9 million with 609,360 cancer deaths. As the number of cancer cases grows, so does the demand for effective therapeutic options.

 5.Fast-Tracking Innovation: Regulatory Pathways Enrich Treatment Choices

Steps for approval process of drugs & treatments by US Food & Drug Administration (FDA)

,Clinics in Solid Tumor Therapeutics Market in usa

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Favorable regulatory environments & expedited pathways for drug approval can accelerate the introduction of new therapies into the market. The US Food & Drug Administration (FDA), a government regulatory agency under the U.S. Department of Health & Human Services controls the drug approval process & is tasked with reviewing new drugs & devices, before companies start selling them. The process involves discovery/concept, preclinical research, clinical research, FDA review & FDA post-market safety monitoring. Regulations like these provide more options for treatment for healthcare providers & patients.

Conclusion

In a landscape driven by genetic insights, immunotherapy break throughs, & regulatory innovations, the future of cancer treatment shines with promise.

The convergence of precision therapies, AI-assisted diagnostics, and accelerated approvals is reshaping the horizon of healthcare. As the elderly population & cancer cases increases, these advancements are a beacon of hope, enhancing treatment effectiveness & enriching choices for both, providers & patients.

 The path forward is paved with innovation where science & compassion unite against the challenge of cancer.

Tuesday, October 17, 2023

UK online trading platforms Market expected to grow with CAGR of ~8% by 2028

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STORY OUTLINE

  • According to Ken research, the market at a CAGR of ~8% during the forecast period (2023-2028).
  • Factors driving the market are rising consumer demand.
  • Chatbots are the life-force of the online platforms of the market
  • Outlook of market is expected to grow higher due to high usage and demand arising factors and new trends.

1.Growth of UK Online trading platform market is getting higher with ~8% CAGR.

UK Online Trading Platform Industry

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The online trading platform in UK is emerging as a growing market as the market is estimated to grow with a CAGR of ~8% from 2021 to 2028. The UK online trading platform market has witnessed remarkable growth over the past few years, driven by a confluence of factors that have transformed the landscape of financial trading. Technological advancements and the proliferation of high-speed internet access have made online trading more accessible to a broader range of investors. This increased accessibility has led to a surge in the number of retail traders participating in the market.

2.Which are the driving factors for the growth of market?

UK Online Trading Platform Market growth drivers

Other driving factors of online trading platform market

Key factors, which are responsible for the growth of the market, are the rising need for customized trading platforms and the integration of chatbots with trading platforms are giving wind to the market. In addition, the online trading market is growing with the evolution of advanced technologies.

AI-driven trading strategies and automated trading systems will gain prominence. These technologies can provide traders with real-time insights and automated execution of trades, appealing to both novice and experienced traders.

Social Trading: Social trading platforms that enable users to follow and replicate the trades of experienced investors will attract a growing user base interested in learning from and mimicking successful strategies.

Sustainability Focus: Increased awareness of ESG factors and sustainability will lead to more demand for ESG-focused investment products and tools, creating opportunities for platforms to offer specialized trading options.

Data Security: In an era of increasing cybersecurity threats, ensuring robust data security measures will be paramount to gaining and maintaining the trust of traders.

3.Chatbots are the major force of Online trading platforms

UK Online Trading Platform Market challenges

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Due to the rapid evolvement of the online trading industry, a challenge for traders to keep up with the pace of change to stay current and process all the tasks is also increasing side-by-side. Thus, integrating AI-based chatbots is essential for trading organizations to enhance the customer experience and productivity.

Chatbots act as personal brokers, which help in giving personalized searches and offer better options to their customers. It make the online trading platforms easy to handle and therefore having multiple benefits of chatbots in online trading helps organizations stay competitive and improve the chances of long-term success. Hence, the demand for chatbots is increasing on social trading platforms.

4.UK online trading platform market is expected to grow higher with new trends

UK Online Trading Platform Market trends

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New trends happening in various online platforms, which are encouraging the market like ParagonEX is launching fully customizable trading platforms, which is allowing its brokers clients to decide on every detail of the platform look and feel. The new platform allows each broker to have unique appearances, displaying elements of choice and a distinct brand identity and catering to the profile and mix if their end users.

Bitcoin boomed in 2021 from USD$ 7000 in 2020 and more than US $ 54000 until June 2021. According to the Chatbots Life, it has been observed that that over 2.14 bn people worldwide bought goods and services online in 2021. In January 2022, e Toro expanded its investment offering in US stocks and introduced etoro money for UK customers.

Monday, August 28, 2023

Can the US Online Sports Betting Market reach a CAGR of 12% by 2028? : Ken Research

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With multiple sports betting organizations competing and flowing up with fund raisers and trustworthy partnership and with the leading betting sports being ‘The NFL’, the US Online Sports Betting Market is projected to rise to a CAGR of ~12% by the year 2028.

STORY OUTLINE

  • The turning down of Professional and Amateur Sports Protection Act led to companies to shift from illegal to legal growth.
  • With increased smartphone adoption and high amount of internet penetration, market growth skyrocketed over the years.
  • The NFL’ makes maximum market output in the US online sports betting market.
  • Rise in fan engagement and incorporation of new betting products will pave a new way for rise in the US online sports betting market.

US Online Sports Betting Market

1.The turning down of Professional and Amateur Sports Protection Act led to companies to shift from illegal to legal growth.

US Online Sports Betting Market

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  • The PASPA or Professional and Amateur Sports Protection Act was turned down in 2018 by the Supreme Court, making betting legal.
  • Supreme Court reviewed case Murphy v NCAA, stating that it violated Tenth Amendment of the United States Constitution.
  • New Jersey had a rough toe-to-toe with NCAA regarding the legalization of sports betting in Atlantic City, where the plaintiff won with majority votes.
  • The bringing down of PASPA, made the other legislative states to work with legalising sports betting.

According to Ken Research, the US Online Sports Betting Market is rising with a surge in enormous fan base, social media connectivity and increased smartphone and internet penetration, has marked a rise in the market. With major players like DraftKings, FanDuel, BetMGM, Caesars Entertainment, PointsBet, market surge is evident with legal betting, a projected CAGR of ~12% by the year 2028 is to be observed. The NFL is currently the leading growth maker which is currently making the most percentage of output for the US Online Sports Betting Market.

2.With increased smartphone adoption and high amount of internet penetration, market growth skyrocketed over the years.

US Online Sports Betting Market

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  • With a 93% increase in smartphone adoption, US online sports betting market is going through an advantageous rise in growth.
  • Global digitization has led to a 98% increased internet penetration, leading to the proper adoption of online sports and legal betting.
  • With 5G infrastructure, US skyrockets in the adoption of online sports betting with profiting for both sides; companies and users.
  • The prevalence of smartphones and robust internet connectivity has facilitated the rise of in-play betting and live streaming, marking a proper growth.

3.‘The NFL’ makes maximum market output in the US online sports betting market.

US Online Sports Betting Market

  • With enormous Fan base and longer sessions, The NFL has a massive fan engagement running from September through January with culminating in Super Bowl.
  • Online sports betting platforms offer a wide range of betting markets for NFL games, including point spreads, moneylines, over/under totals, player prop bets, and more.
  • Via official league sponsors or through deals with the individual teams, NFL increases the visibility of online betting.
  • With the new Fantasy football, at least 70% of the sports engagers create virtual teams with real NFL players betting on player performances, boosting the market growth.

4.Rise in fan engagement and incorporation of new betting products will pave a new way for rise in the US sports betting market.

US Online Sports Betting Market

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  • With 51 Mn people betting on super bowl, a massive surge of the US online sports betting market is seen.
  • At least 2 out of 5 people are betting on the super bowl, resulting in the standing population that are currently increasing the market size constantly.
  • With the increasing number of bets placed, US crosses over 1 Bn USD over the course of years.
  • With Social media integration and community aspects, betting becomes more influential for a long period of 5 months every year, rising the growth even more.

CONCLUSION

The US Online Sports Betting Market had once been restricted from legally being organized in any state, except for a few. But with the removal of PASPA, the traditional betting market along with the online sports betting market has made exceptional growth. With everyday rising fan base and high penetration of internet and smartphone, The US Online Sports Betting Market propels itself towards the top every year.https://kenresearch.hashnode.dev/can-the-us-online-sports-betting-market-reach-a-cagr-of-12-by-2028-ken-research

Friday, August 25, 2023

IBM Security is holding a strong promising position in the US Security Testing Market; can it keep its dominance? : Ken Research

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The International Business Machine Corporation (IBM), is a multinational technology company excelling in security testing with inclusion of protocols such as cloud testing, Iot testing and many more. With a market value of ~US $60 Bn, this giant has been leading this sector.

STORY OUTLINE

  • With comprehensive range of security testing solutions, the IBM Security is flushing the threats with ease.
  • With newer Advanced Threat Intelligence, assisted with Cloud Security, IBM Security has been updating its own measures.
  • The IBM Security is now taking automative measures, with AI and Machine Learning sitting on the roots and analyzing every situation.
  • With focus on Zero Trust policy, IBM is making its own inner environment much more stringent in its policies and secured.

US Security Testing Market

1.With comprehensive range of security testing solutions, the IBM Security is flushing the threats with ease.

US Security Testing Market

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  • With the advancements in security testing, IBM introduces vulnerabilities assessment and penetration testing to the system.
  • IBM Security has incorporated Real-Time Threat detections, rendering and responding to threats as they happen in real time.
  • With the adoption of new Security Information and Event Management (SIEM) solutions, IBM QRadar allows to gather information about multiple threats from various sources, to be ready for any unforeseen threat that may be impending.
  • IBM offers Identity and Access Management (IAM), resulting in a greater amount of user identity checks, authentication checks etc.

According to Ken Research, the IBM Securities has been making several changes, leading to a drive in force leading to the upgraded technologies and advanced follow ups, leading to a much secure server and database mainframes. With more and more cybersecurity threats arising, the threat response system gets better with it. With deep Machine Learning, every time some new breach in the firewall occurs, the security system upgrades to become better than its previous model and with Artificial Intelligence is sitting on the top, more new initiatives and protocols are being come up with. With this the IBM Security is currently leading with a market value of ~US $60 Billion.

2.With newer Advanced Threat Intelligence, assisted with Cloud Security, IBM Security has been updating its own measures.

US Security Testing Market

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  • With the introduction IBM X-Force Threat Intelligence, newer valuable insights about impending newer threats are received.
  • IBM Cloud Park has become the hub for addressing security challenges in cloud environment and related connected devices.
  • With the ability to integrate with other systems in the IT sectors, advanced scouting of groups of threats, even if different types, can be scrutinized easily and removed.
  • 67% of backdoor cases (ransomware attacks) were failed attacks as the defenders were able to disrupt the backdoor entry even before the initiation was made.

3.The IBM Security is now taking automative measures, with AI and Machine Learning sitting on the roots.

US Security Testing Market

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  • The introduction of the company’s leading AI platform, called Watson, makes necessity driven changes resulting in a fully secured mainframe.
  • IBM MaaS360, a Unified Endpoint Management (UEM) Solution which is fueled by the Artificial Intelligence to help secure and manage mobile devices.
  • IBM Guardium is such a tool that uses not only AI, but also deep Machine Learning resulting in prevention of breach and unauthorized access.
  • With the introduction in newer Behavioral and Predictive analysis, the IBM Security can scoop out preferential threat scanning the individual’s behavior.

4.With focus on Zero trust policy, IBM is making its own inner environment much more stringent in its policies and secured.

US Security Testing Market

  • With Zero-Trust policy, a Granular Access Control is given, deeming the least privileges for every working employee.
  • With such stringent regulations, Multi-Factor Authentication (MFA) has become a core component of the policy, making multiple verification processes, scanning each person with high priority basis.
  • Zero-Trust promotes Micro-Segmentation, allowing the splitting of networks into smaller fractions with very strict access, preventing attackers to move in between networks.
  • A continuous monitoring has to be done in order to maintain the secured mainframe and must have to capability to detect problems in a very fast manner.

CONCLUSION

With major changes in the global cybersecurity threats, the cybersecurity department is rising with it. More and more advanced and complex encrypted protocols, algorithms and policies, making changes in both technologies and employee policies, rendering them with lesser privileges than before, ensuring no loss of information is happening from inside of the company.

Wednesday, August 23, 2023

U.S. Flat Glass Market reached 28 billion US$ in 2022, lets explore the factors behind this growth: Ken Research

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The US Flat Glass Market is expecting steered growth through increased Urbanization, technological advancement, rise in Internet Penetration, increased E-Commerce Electronics expenditure, Infrastructural Development, Automotive industry Growth, and Solar installations.

Story Outline

  • Increased Building Permits and Residential Construction leading to the evolution of the US Flat Glass Market.
  • Solar Panel installations were at its peak during 2022, and even the start of 2023 has witnessed around 2 gigawatts of solar capacity being installed leading to increased production of Solar Panels Which directly benefits US Flat Glass Market.
  • Increased Urbanization is leading to a rise in demand of light commercial vehicles for transportation of goods which is helping US Glass Market to grow.
  • With an Internet Penetration rate of around 91%, high E-Commerce Electronics spending is noted among the US population leading to increased use of Flat Glass.

The US Flat Glass Market which is expected to grow at a CAGR of 6% in the forecast period 2023-2028, is being driven by increased Urbanization, rise in residential construction permits, high Internet Penetration rate, and growing awareness about Solar Energy

1.Urbanization leading to increased Infrastructural development and construction sites helping US Flat Glass Market achieve excellence.

US Flat Glass Market

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The stats show the total construction done in US from the year 2005-2022. As of May 2022, total Residential construction done was around 935.15 billion USD, Non-Residential approx. 490.20 billion USD, and Public around 345.45 billion USD. US Construction is a major contributor to US economy. The industry creates approx. 1.7 trillion USD worth of structures every year.

Flat glass is mainly used for construction, architecture, and infrastructural development due to its features and many other options it offers. A notable rise in US building permits is also seen at a rate of around 5.7% in May 2023 leading to more construction sites and an increased need for architectural glass in the construction of those buildings.

An increased Urbanization rate of around 18% is seen in US from 2010 to 2021, leading to enhanced infrastructural development and residential construction which is helping US Glass market grow at an expected CAGR of 6% in the forecast period of 2023-2028.

2.Growing awareness of Solar energy utilization, becoming the reason for the growth of the US Flat Glass Market.

US Flat Glass Market

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The number of solar installations was at its peak in 2022. The cumulative Solar Photovoltaic PV capacity of Us in 2002 was approximately 111.5 gigawatts (GW). It is seen that solar panels installations in the first few months of 2023 have been commendable with around 6.2 gigawatts of solar capacity being installed. This number is enough to power more than 4 million homes.

Solar Panels are made of toughened glass also called tempered glass. The specific qualities of this glass make it suitable for manufacturing solar panels.

Solar energy is one of those power that is renewable, generated from clean source, doesn’t produce carbon emissions, and is available each and every day, even on cloudy days. The unlimited benefits like Solar Investment Tax credit, low cost, and increased demand across Private and Public sectors is helping US Flat Glass Market to grow at a considerate level.

According to the report released by Solar Energy Industries Association (SEIA) and Wood Mackenzie, the solar market is expected to total installed capacity of 379 gigawatts by 2028. The increased awareness and demand for solar panels is directly benefitting the US Flat Glass Market in its growth.

3.Automotive industry growth, increased vehicle manufacturing giving US glass market a promised growth.

US Flat Glass Market

The stats show the total vehicle sale in US from July 2022 to April 2023. The total sales were approx. 15 million in April 2023.

Automotive glass is useful in the manufacturing of Windscreens, and windows, it protects cars from UV rays, rain, fog, dust, and wind. With an increased rate of urbanization of around 18% from 2010-2021; the demand for light commercial vehicles also increased for transporting goods.

As a result, the US automotive industry produced approximately 10.05 million vehicles including passenger cars, light commercial vehicles, heavy trucks, buses, and coaches in 2022. The increased production and growing demand for vehicles are helping US Glass Market to grow at an expected CAGR of 6% in the forecast period 2023-2028.

4.High Internet penetration rate increasing E-Commerce Electronics spending of consumers leading to high revenue of US Smart Glass Market.

US Flat Glass Market

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The stats show the percentage of the population using internet. The active internet users in US as on January 2023 were approx. 311.3 million. The internet Penetration rate stood at around 91% of the total population at the start of 2023.

An increase in internet activity of people in US has led to a rise in e-commerce spending power of people; the E-Commerce sale of US was around 88 million USD in 2022. As a result, the E-commerce electronic market has seen a visible rise in its market size. Shopping for electronic products has become easier and more convenient for customers due to rising internet penetration.

As a result the US Flat Glass Market is directly benefitted because of increased internet penetration and technological advancement.

Conclusion

The US Flat Glass Market is growing at a considerate level with the help of its end-user industries (Construction, Automotive, Solar, Electronics, Furniture, and others). Expecting growth with a CAGR of 6% the US Flat Glass Market is ready to gain more benefits from increasing Urbanization, a high Internet penetration rate, and increase in the E-Commerce spending capacity of customers.

Friday, August 18, 2023

Vietnam Logistics Market: Achieving a USD 60 Bn Milestone in 2022 with Vision 2030 and E-Commerce Logistics. What Lies Ahead for this Thriving Industry? Ken Research

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1.Driving Forces: Vietnam's Logistics Market Flourishes with Rising Economy, E-commerce Adoption, and Government Initiatives.

Vietnam Logistics Market

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  • In 2022, Vietnam's economy achieved a growth rate of 8.0%, fueled by various factors, including the significant contribution of export-oriented manufacturing to the logistics sector's expansion.
  • The adoption of e-commerce in Vietnam has rapidly increased, with the rate rising from 0% in 2017 to 50.0% in 2020, primarily driven by the younger population.
  • As a result of the US-China trade war and the pandemic, many manufacturers relocated their operations from China to Vietnam, attracted by the region's low labor costs. This influx of global players has further stimulated the growth of Vietnam's logistics sector.

 2.Vision 2030: Vietnam's Government Focuses on Developing Infrastructure for Seamless Deliveries in the Logistics Market.

Vietnam Logistics Market

Vietnam Logistics Market

  • Under the Vision 2030, the country plans on developing over 5000 km of expressway by 2030.
  • The country also plans on developing 172 routes with a total length of 29,795 km by 2030.
  • The development of coastal roads going through 28 cities and provinces is also underway.
  • The road development in Vietnam aims to develop the national road system in a sustainable and comprehensive manner.
  • In 2022, the Prime Minister of Vietnam issued a decision on mechanism and policies for the development of inland waterways in the region that included the allotment of invest capital with encouraging factors.

3.Revolutionizing E-Commerce Logistics Warehouses: The Essential Technologies for Vietnam's Logistics Market.

Vietnam Logistics Market

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  • Instant access to high-quality data enhances supply chain visibility. It supports inventory and process management, risk assessment, space optimization, automated documentation, and more.
  • Integrating robotic or semi-robotic technologies improves human pickers' efficiency by reducing walking distances, optimizing routes, and seamlessly integrating with the current WMS. This leads to precise picking and packing processes.
  • An automated inventory management system is a software that enables wholesalers and distributors to manage inventory in real-time. It allows companies to retrieve inventory counts directly from suppliers through a data feed integrated into their website.
  • AGVs are effective in speeding up storage and retrieval tasks, including putaway, loading, and stock take. They are self-guided and can be equipped with forklifts and pallet carts, following predetermined paths to handle pallets, boxes, and containers.`

Tuesday, August 8, 2023

Can Trulioo maintain its upward trajectory by 2028? : Ken Research

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Trulioo has emerged as a formidable player in cutting edge technologies and compliance expertise and providing groundbreaking advancements, making this franchise one of the largest in the US Identity Verification Market, projecting for a rise of 13% by 2028.

STORY OUTLINE

  • A fully end to end solution provided by Trulioo, automates the entity verification process, making it easier and automatic for users.
  • Trulioo enabled identity-documents check KYC to truly streamline the workflow.
  • With technological advancements, integration and partnerships, Trulioo surges up the ladder.
  • Flexibility and authenticity added with secured workflow, enables Trulioo to grow more.

US Identity Verification Market

1.A fully end-to-end solution provided by Trulioo, automates the entity verification process, making it easier and automatic for users.

US Identity Verification Market

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  • Due to the increasing money laundering and theft, Trulioo has enabled a fully end-to-end solution called Know-Your-Business (KYB) which automates traditional manual verification reducing the time taken for complete verification from weeks to minutes.
  • With the generalization of KYB, Trulioo stated a growth of 587% since the year 2020, reducing and solving many problems regarding money laundering and other frauds.
  • Trulioo also has AML(Anti-Money Laundering) Watchlist and ongoing sanctions screening, which cross checks both users and businesses against people who are politically exposed, with more than 6000 watchlists and over 20,000 adverse media sources.

According to Ken Research, Trulioo has much stronger and secure interface and algorithms, with advanced protocols like Artificial Intelligence and Machine Learning, with a broader network of industries and cases associated with it and a large number of watchlist, makes this one of the leading companies, soon to top every other company, with promising vision towards the future.

2.Trulioo enabled identity-documents check KYC to truly streamline the workflow.

US Identity Verification Market

  • In order to fully streamline the process, along with KYB, Trulioo enabled the Know-Your-Customer (KYC) process, which checks the business’s valuable owners in the same process.
  • Trulioo through this process offers over 500 integrated personal identifiable data sources, more than 11,000 identity document types and more than 5000 watchlists, making it one of the most diverse in workflow but secure in every way.
  • Trulioo advances new methods, stating them in Money20/20, Amsterdam, where high delivery of performance, utilizing a global network of more than 440 data sources to verify customers quickly and provide a real time access to more than 10,000 verifiable ID documents, leading to a growth and increase in security.

3.With technological advancements, integration and partnerships, Trulioo surges up the ladder.

US Identity Verification Market

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  • Trulioo has officially upgraded EmbedID, with a new document verification and biometric facial recognition features, negating any fraud or hacking and maintains regulatory compliances for SMBs (Small and Midsize Businesses), making people’s engagement increase.
  • EmbedID has been preconfigured with identity verification market’s GlobalGateway API, which can be accessed by SMBs, reducing fraud in a large scale and meeting AML and KYC requirements, bringing in people’s trust and increase in people who want to participate more by securing their business.
  • The introduction of Artificial Intelligence (AI) as a process, has simplified the workflow, as persons data are being checked with real time details and documents both, without much manual or man power to be used, making the market to grow rapidly.

4.Flexibility and authenticity added with secured workflow, enables Trulioo to grow more.

US Identity Verification Market

  • Trulioo has started its advancements since the Covid-19 pandemic, when all types of vendors have shifted all towards digital transformation. Unlike other players, Trulioo follows a much more flexible workflow resulting in a proper verification of customers during onboarding, conduction of ongoing monitoring or complying toward many types of regulatory requirements, expanding its reach to many different industries.
  • Trulioo offers a much more complex data encryption resulting in a more secure and robust interface, resulting in a build of trust for which people with broader business tend to trust the company resulting in an increase in the growth of the market.
  • With complex AI and Machine Learning, assisted with consistent support from human teams to maintain the regularity and authenticity with ever upgrading of the features, Trulioo is going to cross the ladder of the US identity verification market.

CONCLUSION

Trulioo is truly one of the leading companies running the identity verification, with multiple processes and complex protocol, consisting of KYB and KYC, also with AI to help screen with proper target allocation and Machine Learning (ML) to adequately process the result. A proper authenticity makes it truly trustworthy to people and their engagement makes this company to grow. Northern America has its dominance in the US Identity Verification Market with major contributions from this company, which is rising every year.

Monday, August 7, 2023

The US Identity Verification Market is going through a change and will have massive growth by 2028: Ken Research

The US Identity Verification Market is varyingly segmented under End-User industry such as financial market and gaming/gambling market etc. is based on matching a user’s identity with their Government ID proof. The US Identity Verification market is projected to reach ~$ 13 Billion by the year 2028.

STORY OUTLINE

  • With the increasing demand for security and rising regulatory compliances, US Identity Verification market makes some propulsions for growth.
  • With technological advancements like Artificial Intelligence (AI) and Machine Learning (ML), US Identity Verification market soars higher.
  • The shift towards digital transformation, post pandemic, has resulted in the increase in use of verification, resulting in the growth of the market.
  • Rise in customer expectation is driving the US Identity Verification Market to follow strict workflow.
  • Digital transformation demands the need for better security.

US Identity Verification Market

According to Ken Research, the US Identity Verification market is undergoing major changes driven by many factors to change the ongoing digital landscape. With the changing times, inhabitants have largely shifted towards digitization and adoption of online or e-services, which led to the demand for better security and high end verification methodologies. This particular shift towards digital processing has led to growth within this industry.

  • The relentless rise in fraudulent cases, rapid rise of online theft and presence of hackers has led the US Identity Verification market to incorporate much more sophisticated technologies.
  • With growing number of customers in e-services, number of frauds and amount of cases has gone up, which has driven the industry to acknowledge to those concerns and build adequate measures to prevent any mishaps in the future.

1.With the increasing demand for security and rising regulatory compliances, US Identity Verification market makes some propulsions for growth.

US Identity Verification Market

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  • Due to a massive digitization process, identity verification has become that much increasing in number, leading to overall growth, making 90% of the people undergo identity verification, starting from the gates of IT offices having fingerprint to bank accounts that ask for KYC while creating a new account.
  • At least 70% of Americans are using Fingerprint Scanners for various purposes which is one of the most quickest and complex protocol following identity verification method. With more IT sectors developing much simpler fingerprint scanners, people can easily shift many identities verification to a simple touch on the scanner, resulting in a overall growth.
  • Since Covid-19 and complete digitization occurred, the need for online purchasing has made the amount of online verification rise. With a rise of 12% from the previous years, the market has been ever-growing. With newer methods like biosensors, facial recognizers etc. are helping make the job that much simple.

2.With technological advancements like Artificial Intelligence (AI) and Machine Learning (ML), US Identity Verification market soars higher.

US Identity Verification Market

  • In a recent times, Dan Aiello sheds light on "the new normal" and explores its potential evolution in the context of identity verification and digital transformations. This is basically the change into online or E-verification for all types of platforms, which at least 90% of the population is currently using.
  • The US Government has made many legislative inclusions which are to pave the way for an unbiased Artificial Intelligence as a core digital identifier, among which, the White House has developed a blueprint about a bill of right for AI stating that people should never face discriminations from algorithms, making people’s engagement increase in amount.
  • A giant in the financial services sectors, Stripe, is now incorporated with AI and Machine Learning (ML), which takes a live selfie of the user and compares it with their pre-kept government ID, making the verification much simpler and easy to use for every people, keeping its access to everyone.

3.The shift towards digital transformation, post pandemic, has resulted in the increase in use of verification, resulting in the growth of the market.

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  • As the pandemic situation brought about a global digitization in almost everything, business and industries started to adapt to the new normal, showing a surge in the online activities, remote work, digital services etc. all marking a growth in the verification process.
  • The increase in E-commerce, virtual meetings, online banking and telemedicine, marked the need for a greater amount of scalable verification in order to prevent the previously occurring fraudulent activities, theft and protecting the exact data.
  • The rise in KYC (Know-Your-Customer) and AML (Anti-Money-Laundering) has led to the updraft of KYC-as-a-Service solutions, which pre-verified identity data, streamlining the on boarding and ensuring that regulatory requirements are met.

4.Rise in customer expectation is driving the US Identity Verification Market to follow strict workflow.

  • With much more enhanced security like real time scanning, US identity verification market is making their ways towards a much safer and secure border for transaction and e-commerce platforms, having a complex firewall to double the security.
  • With a seamless user experience making sure that customers are getting zero disruption, full automation and having the ease of multi-channel verification allows the customer to be flexible and use a variety of platforms, making the growth much more.
  • With complex AI algorithms, hacking and money laundering are reduced by 5% every 6 months, depicting a much greater decrease in fraudulent cases and increase in the growth by the year.

CONCLUSION

According to Ken Research, the global pandemic has paved the way for digitization; a new world which has much faster transaction and faster processing which leads to increase in frauds and hacking, leading for the identity verification market to flourish with it. By the year 2028, the US Identity Verification Market will have the upper hand dominance.

Monday, July 31, 2023

Philippines car rental market is in the growing stage, driven by the increase in disposable income and the rising demand from tourist activities: Ken Research

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With the Covid’19 pandemic getting over and removal of travel restrictions, the market is again picking up and is expected to continue growing in the coming years as renting a car for travel is faster and more convenient than public transport or other means to get around the city.

Covid Impact on Market: Before the pandemic, between 2017 and 2019, the market was surging at a steady rate as the service was becoming more popular among users due to its affordability and convenience and higher internet penetration. Post pandemic, the market demand was highly impacted and negatively affected. The long duration of lockdowns forced companies to lay off the vehicles to reduce their loss and hence, the fleet size decreased.

Philippines Car Rental Market

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Demand from Tourist Activities: With the travel restrictions and safety concerns, the tourist movement completely stopped. Along with that, offices were operating remotely, hence there was not much demand in the market. With the removal of travel restrictions, the market is again picking up and is expected to continue growing in the coming years.

Increase in Disposable Income: With an increase in disposable income of people from the previous year, the paying capacity of people have increased. With this people has been spending more than earlier on renting cars.

Analysts at Ken Research in their latest publication Philippines Car Rental Market Outlook to 2027F - Driven by the increase in tourism and business activities along with deeper internet penetration and adoption of digital services.observed that the Philippines car sharing market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increased internet penetration and the adoption of smartphones. The Philippines Car Rental Market is expected to grow at robust CAGR over the forecasted period 2022P -2027F.

Key Segments Covered in the report

Philippines car Rental Market

By Type of Booking

  • Online market
  • Offline market

By Type of Car

  • Small Cars(PHP 3500-7500 / Per trip)
  • Medium(PHP 3500-7500 / Per trip)
  • Luxury(PHP 7500+)

By Purpose

  • Leisure
  • Business

Philippines Car Leasing Market

By Type of Region

  • Manila
  • Luzon
  • Visayas
  • Mindanao

By Time Duration

  • 1 year
  • 2 year
  • 3 year
  • 4 or more year

By Vehicle Price Range

  • Sedan(PHP 20000-35000
  • SUV(PHP 35000-50000)
  • Premium(PHP 50000+)

By Type of End User

  • Corporate
  • Retail Individuals

Philippines Ride Hailing Market

         By Type of Region

  • Metropolitan
  • Non Metropolitan

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Philippines Ride Sharing Market

By Point of Service

  • Rest Area
  • At Airport

By Type of Car

  • Sedan
  • SUV

By Type of Distance

  • Short distance
  • Long distance

Philippines Self-Drive Car Rental Market

By Type of Region

  • Metro cities
  • Non metro cities

By Type of Booking Channel

  • Online
  • Offline

By Usage

  • Intercity
  • Intracity

By Time Period

  • 1-2 days
  • A week
  • A month

By Type of Car

  • Standard (PHP 1500 + / per hour)
  • Luxury (PHP 1000-4000/24hours)

By Type of Booking Period

  • Weekend
  • Weekdays

By Segment of Car

  • Standard
  • luxury

By Status of Ownership

  • Owned
  • Leased

By Point of Service

  • At Airport
  • Rest area

Key Target Audience

  • Car Rental Service Providers
  • Car Rental Companies aiming to establish in the Philippines
  • Philippines Automotive Industries
  • Government Bodies & Regulating Authorities
  • Venture Capitalist targeting the car rental market
  • Automotive industry association
  • Car Manufacturers
  • Existing Car Rental Companies
  • OEM Dealerships
  • New Market Entrants
  • Investors
  • Car Rental Associations

Time Period Captured in the Report:

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2027

Companies Covered:

Car Rental

  • Diamond Rent-a-Car
  • Luxicar
  • Voyg
  • Rent a Car ECLPI
  • Avis
  • Hertz
  • SafeRide

Self-Drive

  • Europcar
  • Thrifty
  • Juzzr Car Rental
  • Hertz
  • Voyg
  • SafeRide
  • VPI

      Ride Hailing

  • Grab
  • JoyRide
  • Hirna
  • Maxim

     Ride Sharing

  • Grab
  • Hirna

      Car Leasing

  • Orix
  • Avis
  • Diamond Rent-a-Car
  • Europcar
  • Herts
  • ECLPI Rent a Car 

Key Topics Covered in the Report

  • Overview and Genesis of Car Rental Market in Philippines
  • Ecosystem of Philippines Car Rental Market
  • Business Cycle of Philippines Car Rental Market
  • Timeline of Major Players of Philippines Car Rental Market
  • Value Chain Analysis of Philippines Car Rental Market
  • Philippines Car Rental Market Sizing, 2017- 2022
  • Market Segmentations of Car Rental Market in Philippines
  • Snapshots on different Car Rental Markets in Philippines
  • Industrial Analysis of Car Rental Market in Philippines
  • Competitive Analysis of Car Rental Market in Philippines
  • Future Outlook and Projections of Car Rental Market in Philippines 

For More Insights On Market Intelligence, Refer to the Link Below: –

Philippines Car Rental Market Outlook to 2027

Related Reports by Ken Research: –

Vietnam Car Rental Market Outlook to 2027F

Belgium Car Rental Market Outlook 2027F