Landscape Of The Software-As-A-Service In The Asia Pacific Market Outlook: Ken Research

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The present scenario and significant developments in the technology of software-as-a-service have shown an effective growth more significantly in the recent trend. Whereas, software-as-a-service (SaaS) is a type of cloud computing in which the provider of third-party accomplishes the effective applications and makes them accessible to consumers over the online platform. Moreover, it distracts the consumer from the need for organizations to install and run the applications on their computer systems or in their data centers, which remove effectively the cost of hardware acquisitions, maintenance and provisioning as well as the installation, software licensing and support. The key players of this market are playing an important role in dominating the huge market share by doing effective and significant development in the techniques of doing work and strategies. With the adoption of effective market strategies and policies, the market key players are expected to dominate the huge market share which further proved to be beneficial for leading the fastest market growth in the forecasted period.

According to the report analysis, ‘Asia-Pacific Software-as-a-Service (SaaS) Market (2018-2023)’ states that there are several key players which are recently performing in this market more actively for acquiring the huge market share by doing effective innovation in the technology of this for accomplishing the growing demand of consumers includes Symantec Corporation, Google Inc., Fujitsu Ltd., Amazon.com Inc., IBM Corporation, HP, Oracle Corporation, SAP SE, Microsoft Corporation, Salesforce and several others. Moreover, the market of SaaS in the Asia Pacific region is estimated to nurture at a compound annual growth rate (CAGR) of 34.3% during the forecast period 2018-2023. Whereas, Japan is prominent in SaaS assumption in the Asia-Pacific region. The country registers for at least 40% of the region's SaaS disbursement. There are obstructions in the Japanese market for the entry of most of the global SaaS enterprises as there is a tendency for the organizations to opt for home-grown clarifications.

Based on the application, the SaaS market can be segmented into enterprise resource planning (ERP), customer relationship management (CRM), human resource management (HRM), supply chain management (SCM) and several others. While, the other application types involve the web conferencing platforms, messaging applications, and collaborations. However, the HRM segment has the principal market share and is also anticipated to have the maximum growth rate in the reviewed period.

The organizations in Asia Pacific region are still struggling non-tech issues in their institutions such as corruption, weak government administration and lack of buying power. These complications are much inferior in the value chain. While resolving these complications, incorporating SaaS in their systems seem to be either interruption or luxury for their big business. Meanwhile, the countries of Asia-Pacific are still emerging and are not at par with the industrialized regions. So, the principal concern is always the cost-efficiency. SaaS merchants offer resolutions with inferior operational expenditures that help to drive the margins. Therefore, in the near future, it is expected that the market of software-as-a-service will grow more significantly over the recent few years in the Asia Pacific region.

To know more, click on the link below:-

https://www.kenresearch.com/technology-and-telecom/it-and-ites/asia-pacific-software/172748-105.html

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India Beer Market, Market Research Report, Industry Research Report, Industry Research Report For India Beer, Beer Industry In India : Ken Research

How beer market is positioned in india?

The beer market in India is at its growth stage with major companies in the market looking for further market expansion with introduction of new products and by strengthening their distribution network. The market has been growing majorly due to increase in number of youth population, higher disposable income, rising preference of consumers for low alcohol beverages and others. Drinking in bars is fast becoming a social phenomenon in cities such as Delhi, Mumbai and Bangalore and with emergence of craft beers, the growth in beer consumption increased rapidly. Besides the rising number of pubs and bars, another factor which increased beer consumption was increase in premium modern trade and on-premise outlets in metropolitan cities which increased the range of product availability and improved the retail environment. Some state governments, for instance Maharashtra, Uttar Pradesh and Kerala, offered separate licenses for beer sale further boosting growth prospects for the industry.

The beer industry has seen various merger and acquisition in India which has concentrated market competition, further and further during the last five years. For instance, acquisitions such as US-based Molson Coors Brewing Company acquiring Mount Shivalik Breweries (Thunderbolt beer manufacturer) in 2015, AB In Bev’s acquisition of SAB Miller in 2016 and so forth.

It is observed that Indian beer market is facing multiple obstacles which have influenced its growth potential, such as licensing restrictions, high taxes and advertising bans and these could be reasons for low beer consumption per capita in the country as compared to other regions in Asia Pacific region.

Over the review period, India beer market observed a healthy growth in consumption volume and grew at a CAGR of ~% between FY’2013-FY’2018.

India Beer Market Segmentation

By Beer Type (Strong, Mild and Craft Beer)

Strong beer was witnessed to dominate India beer market during FY’2018 with a consumption volume share of ~%, thus evaluated at ~ million liters. The manufacturers of strong beer are trying to attract customers who normally drink country liquor and hard spirits. The remaining volume share of ~% was collectively captured by mild beer and craft beer in India beer market during FY’2018 which is slowly gaining traction in the country and looks as quite promising segments.

By Type of Consumer Gender (Male and Female)

Men have a greater share in the consumption pattern across India owing to higher consumption per capita among men compared to women, other reason is, in many regions, men are the only bread winners for their family and with much more financial independence, they have more financial capability to spend on their lifestyle choices as compared to women.

By Regional Sales (North, South, East and West)

The southern and western regions in India were witnessed to dominate the country’s market with a collective volume share of ~% in FY’2018. The remaining ~% of volume share in India beer market was captured by northern and eastern states during FY’2018.

By Type of Distribution Channel (State/Government Corporations, Distributors and Retailers)

Owing to stricter regulations across various states in India, state/government corporations segment dominated with a massive volume share of ~% of the total sales volume of beer in India in FY’2018. It has been witnessed in the market that, L1 distributors would prefer to push the product which would give them better margins over others and therefore influenced consumption of some beer brands in some regions. The remaining ~% volume share in India was grabbed by the distributors and retailers network in FY’2018.

To know more, click on the link below:

https://www.kenresearch.com/food-beverage-and-tobacco/alcoholic-beverages/india-beer-market/179512-11.html

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Changing Dynamics of the Earnup Market Outlook: Ken Research

EarnUp compromises a fintech platform that automates loan payments for US customers with debt and makes it easy for them to manage their loans. Therefore, with the help of EarnUp, anyone can intelligently automate all your loan payments. The technology of EarnUp provide three important applications such as simplicity, flexibility and peace of mind. As they manage all the loans in one place, sync payments on a schedule that works best for anyone and user don’t have to worry about saving or managing the payments again and again. Furthermore, the key players of this market are playing an important role by doing attractive developments in the applications of EarnUp after adopting the effective techniques of doing work and knowing the upcoming trends which further proved to be beneficial for leading the fastest market growth during the forecasted period more significantly.

The utilization of EarnUp is done with home mortgage, auto loan credit card loan and student loan as with this the user can get started on automatically remunerating the loans smarter, faster and with less money out of the pocket. It is expected that there are three ventures which are featured in this such as Forbes, TechCrunch and Scientific American. According to the report analysis, ‘Fintech Profile: Earnup’ it is states that there are several key players which are presently functioning in this market more significantly for dominating the huge market share with the attractive developments in the specifications includes Framework, GreenPath Financial Wellness, Acumen, Freddie Mac, Blumberg Capital and several others. Moreover, the key players of this market are adopting the effective strategies and policies after analyzing strategies and key strength of competitors for accounting the highest market share across the globe. Furthermore, with the effective working of the key players the nature of this market is become more competitive and influenced the new investors and comers for making the handsome amount of investment in the developments which further lead the market growth more significantly during the forecasted period.

Additionally, the players of this market distinguish the satisfactions level of customers with the effective working of the management the market lead the growth more efficiently during the forecasted period. Whereas, the developed regions are attaining the wide market share while, the developing countries are presenting the effective capability for gaining the huge market share. In addition, the report deliver the detailed information related to the business operations, geographical presence, revenue model and several others. Furthermore, with the attractive applications and wide usage of EarnUp it is expected that the market rise more effectively.

Although, with the development in the infrastructure the investors and existing key players investing and establishing the research and development programs for gaining the attention of other consumers and existing consumers. In addition, the growing awareness related to this increase the demand for EarnUp applications. Therefore, in the near future, it is expected that the market of EarnUp will increase more actively over the recent few years with the significant investment.

For more information, click on the link below:

https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/fintech-profile-earnup/156660-93.html

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Evolution in Technology to Propel Cobots Deployment in All Industries: Ken Research

A robot is a programmable machine that looks exactly like a human being while performing multiple complex acts. Robot is well programmed insensitive machine that functions automatically when it is deployed within industries. Multiple industrial robots are manufactured and designed accordingly to move materials, parts, tools, perform a variety of programmed tasks within the manufacturing facilities to produce quality products. All the robots are equipped with articulated arms specifically developed for managing various industrial applications. Healthcare, military, public safety industries, manufacturing industries, mining industries are the various industries that use robotics for multiple operations. With the advent of robots, workload in manufacturing facilities is shared between man and machines. As more and more number of robots is manufactured with technologically advanced and autonomous features, they are trained and programmed to do jobs faster and better than humans.

According to the study “Global Collaborative Industrial Robots Market 2016-2022 by End-user, Application and Region”, robots carry out a series of operations automatically because they are embedded with internal controllers or external controlling devices. Collaborative robots are smaller, smarter, more affordable, user-friendly and flexible automatic solutions compare to aged traditional industrial robots. Cobot are a short name for collaborative robots which are designed for industrial assembling process. Global collaborative robots market is segmented based on the end-users such as automotives, electrical, electronics, machinery, metals, chemicals, rubber, plastics and other industries. Automotives, electrical and electronics are the major consumers of newly devised cobots. Geographically, the global cobots market is spread across the Americas, Europe, Asia-Pacific and rest of the world. Asia-Pacific leads the cobots market in terms of revenue and sales followed by Europe and North America. Within Asia-Pacific, China and Southeast Asian countries are expected to drive a continuing growth over the next few years.

Cobots are deployed in various manufacturing industries and can perform functions such as assembling, inspection, testing, welding, painting, handle materials and dispensing. It was estimated that there is an increase in the adoption of collaborative robots or cobots in small or medium-sized enterprises (SME), thus propelling the market for cobots. Various manufacturers across the globe are deploying collaborative robots on their factory floors to reduce labour costs, demand for quality and more durable products. Six-axis articulated, lightweight, compact cobot are used for multiple automation operations such as metal processing, plastic, food, beverages and electronic industries. Cobots market is highly concentrated with few established companies occupying majority of the global market share. The leading players in global cobots market are ABB, KUKA, Rethink Robotics, Universal Robots, Fanuc, Adept Technology, Yaskawa Motoman, F&P Personal Robotics, Robotnik Automation S.L.L., and Scape Technologies A/S.

Collaborative robots possess advantages such as lower cost, weight, footprint, easy to program, integrate, empower employees and reduce their work stress. Therefore, cobots are preferred by majority of the automotive end-users. Deployment of cobots within manufacturing industries bolsters competition despite high labour costs and help in sustaining manufacturing activities in all the developed countries. Evolution in technology coupled with the need to refurbish the existing global manufacturing facilities is expected to drive the market for cobots over the next few years.

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https://www.kenresearch.com/technology-and-telecom/it-and-ites/global-collaborative-industrial/171728-105.html

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India Industrial Lubricants Market, Volatility in Crude Oil Prices, Semi Synthetic and Synthetic Lubricants, Type of Lubricants India, Hydraulic Oil in India, Compressor Oil in India: Ken Research

Competitive Landscape in India Industrial Lubricants Market

Competition stage in the country’s industrial lubes segment was witnessed to be moderately concentrated along with the presence of major PSU oil marketing companies which captured over half of the domestic consumption of industrial lubricants in India during FY’2018. The total number of players manufacturing Industrial Lubricants in India was observed to be over 44 manufacturers, both PSU and private, domestic and industrial, integrated and standalone as of 31st March 2018. Post liberalization, the market witnessed emergence of various international as well as domestic players owing to high growth potential of industrial lubricants in the country. Some of the major players operating within this segment include IOCL, HPCL, BPCL, Shell, Gandhar Lubes, Exxon Mobil, Gulf petrochem (IPOL), Apar Industries and others. Pricing, brand value as well as marketing strategies adopted by a particular company are considered as of high importance in order to reach a wider target audience in India industrial lubes market.

Market Share of Major Players Operating in India Industrial Lubes Market

PSU OMCs including IOCL, HPCL and BPCL were observed to be the clear leaders in India industrial lubricants market along with a collective volume share of ~% during the FY’2018. The industrial segment includes tender-based procurement which is dominated by these companies, thereby giving them an edge over private players in terms of production volume.

What is the Future of Industrial Lubricants in India?

Over the forecasted period, India industrial lubricants market will prepare itself to meet the future demand anticipated to emerge from the substantial investment proposed in key lubricating segments such as synthetic & semi-synthetic lubricants and bio-based lubricants along with emerging new industrial uses. The “Make-in-India” initiative launched by the Indian government on September 25th, 2014 with the primary goal of making India a global manufacturing hub, by encouraging both multi-national and domestic companies to manufacture their products within the country. In accordance with the DIPP, the initiative aims to raise the contribution of the manufacturing sector from ~% in 2014 to ~% of GDP by the year ending 2025. Additionally, it targets ~ sectors of the Indian economy which ranges from auto and auto components / automobile industry to the IT-BPO industry. In terms of revenues, the market is expected to reach a total of USD ~ million by the year ending FY’2023E from USD ~ million in FY’2018, thus growing at a CAGR of ~% over the forecast period FY’2018-FY’2023E. On the other hand, in terms of sales volume, the market is further anticipated to generate ~ million litres by the year ending FY’2023E.

Stabilization of Index of Industrial Production (IIP) in FY’2018 signified favorable growth in the production of industrial products, thereby creating a positive impact on the demand for industrial lubes in the near future. Strengthening of the industrial recovery after facing events such as introduction of GST and demonetization in the country from multiple campaigns such as “Smart Cities” could improve the demand of industrial lubricants over the long term.

High quality lubricant types such as synthetic and semi-synthetic lubricants that can sustain extreme temperature and pressures, reduces friction and have high viscosity and grades are generally preferred by end users. India has been emerging as one of the leading producers of key industrial ores and minerals. With more equipment being put into action, the higher will be the demand for industrial lubricants for efficient and productive operation of mining equipment as they are used under extreme temperature/pressure conditions which would require regular lubrication.

Key Segments Covered:

By Origin

Mineral based Lubricants

Semi-Synthetic Lubricants

Synthetic Lubricants

By Type of Industrial Lubricants

Hydraulic Oil

Metal Working Fluids

Industrial Gear Oils

Turbine Oils

Compressor Oils

Industrial Greases

Others (Synthetic gear lubricants, synthetic EP gear lubricants, synthetic polyglycol gear lubricants, compound gear lubricants, and food grade gear lubricants)

By Industrial End Use

Construction, mining and off-highway equipment

Iron and non-iron production

General manufacturing, textile & chemicals

Engineering equipment

Automotive sector

Power generation

Cement

Others (plastic, paper and pulp and steel)

By Type of Distribution Channel

Direct Sales

Dealer Network

By Regional Sales

North

South

East

West

By Basis of Packaging

Barrels, Drums and Tanker load

Smaller Packs

Key Target Audience:

Plastic Manufacturers

Metal Working Companies

Auto and Auto Component Manufacturers

Construction Companies

Textile Companies

Cement Companies

Mining Companies

Paper and Pulp Manufacturers

Power Generation Companies

Steel Manufacturers

Food & Beverage Companies

Time Period Captured in the Report:

Historical Period – FY’2013-FY’2018

Forecast Period – FY’2018-FY2023E

(FY refers to fiscal year ending 31st March of every year; E refers to Estimated Numbers)

Companies Covered:

Indian Oil Corporation Limited

Hindustan Petroleum Corporation Limited

Bharat Petroleum Corporation Limited

Shell India

Gandhar Lubes

Exxon Mobil

Raj Lubricants

Gulf Petrochem (IPOL)

Apar Industries

Balmer and Lawrie

Castrol

Total (Company)

Savita Oil

Valvoline cumins

GS Caltex

Gulf Oil Lubricants

Veedol Lubricants (Tide Water Oil)

Others (Universal Halwasiya Group – UHG, Chemoleum, Fuch, Kluber, Starol and remaining local manufacturers)

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-industrial-lubricants-market/177073-100.html

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India Industrial Lubricants Market Research Report to 2023: Ken Research

How Industrial Lubricants Market Is Positioned in India?

The Industrial Lubricants Market in India has reached its maturity stage, therefore meeting demand expectations of every end user industry (construction and mining, metal production, power generation, general manufacturing, food processing, pharmaceuticals and cosmetics) majorly by importing base oil from foreign countries and domestically producing lubricants within India. The market has been growing majorly due to rising usage of hydraulic oil, industrial gear oil and industrial greases in major end-user applications. Over the review period, India industrial lubricants market observed a healthy growth both in terms of revenues as well as consumption volume. In the FY’2013, the market generated revenues worth USD ~ million alongside a sales volume of ~ million litres.

Significance of smooth working of machineries coupled with the prevention of equipment failure owing to lack of lubricity and excess friction are some of the driving forces for industrial lubricants growth. Rising concerns from major industries regarding the maintenance of machineries in order to provide a better quality output has escalated the demand for synthetic and semi-synthetic lubricants in the country. After facing an economic slowdown during the period FY’2016-2017 owing to temporary disruptions caused by demonetization and GST implementation; the market recovered in FY’2018 with uniform cash flows, easy taxation as well as further growth in India’s manufacturing industry. India industrial market revenues were evaluated at USD ~ million whereas, the sales volume rose to ~ million litres in the FY’2018.

India Industrial Lubricants Market Segmentation

By Origin (Mineral, Semi-Synthetic and Synthetic Lubricants)

Mineral oil based lubricants were witnessed to dominate India industrial lubes market during FY’2018 with a revenue share of ~%, thus evaluated at USD ~ million and a volume share of ~%, contributing ~ million litres. These types of lubricants have been gaining traction in India majorly due to its economical price over semi-synthetic and synthetic types which are costlier as they require highly refined base oil and high quality additives that add to cost of production of these lubricants. The remaining revenue share ~% and volume share of ~% was collectively captured by synthetic and semi-synthetic lubricants in India industrial lubricant market during FY’2018 which is slowly gaining traction in the country.

By Type of Industrial Lubricants (Hydraulic Oil, Metal Working Fluids, Industrial Gear Oils, Turbine Oils, Compressor Oils, Industrial Greases and Others)

Hydraulic oils established itself as market leader in the India industrial lubricants market along with volume share of ~% in the FY’2018. Greater index of viscosity, higher bulk modulus bulk modulus, hydrolytic stability, resistance to wear and demulsification are some of the characteristics which are evaluated while choosing suitable hydraulic oil lubes. The remaining volume shares of ~%, ~%, ~%, ~%, ~% and ~% were captured by other lubricant types including metal working fluids, industrial gear oils, turbine oils, compressor oils, industrial greases and others respectively in FY’2018.

By Industrial End Use (Construction, mining and off-highway equipment; iron and non-iron production; general manufacturing, textile and chemicals; engineering equipment, automotive sector, power generation, cement and others)

The usage of industrial lubricants in India was observed to be high in construction, mining and off-highway equipment sector with a volume share of ~% of total sales volume of industrial lubricants in India during FY’2018. As India’s construction and mining sector are catching up fast with its global counter-parts in terms of technological advancements, the demand for hydraulic oil has shifted from not just being volume driven but more of value based. The remaining volume share of ~% were collectively captured by industrial end users such as iron and non-iron production, general manufacturing, textile and chemicals; engineering equipment, automotive sector, power generation, cement and others respectively during FY’2018.

By Type of Distribution Channel (Direct Sales and Dealer Network)

Direct sales were majorly used by PSU OMCs and international private players in India. The segment dominated with a massive volume share of ~% of the total sales volume of industrial lubes in India in the FY’2018. Companies prefer selling lubricants directly to customers than via dealers as payments are highly irregular from dealer network. The remaining ~% volume share in India was grabbed by the dealer network in FY’2018.

By Regional Sales (North, South, East and West)

The northern and southern regions in India were witnessed to dominate the country’s industrial lubes market with a collective volume share of ~% in FY’2018. The remaining ~% volume share in India industrial lubricants market was captured by western and eastern states during FY’2018.

By Basis of Packaging (Barrels, Drums and Tanker load; and Smaller Packs)

Barrels, drums and tanker load were witnessed to dominate the lube packaging in India industrial lubricants market with a massive volume share of ~% in the FY’2018. They have a holding capacity of ~ or ~ litres. Smaller packs with a holding capacity of ~ or ~ litres captured the remaining ~% volume share in India industrial lubricants market in the FY’2018.

Key Segments Covered:

By Origin

Mineral based Lubricants

Semi-Synthetic Lubricants

Synthetic Lubricants

By Type of Industrial Lubricants

Hydraulic Oil

Metal Working Fluids

Industrial Gear Oils

Turbine Oils

Compressor Oils

Industrial Greases

Others (Synthetic gear lubricants, synthetic EP gear lubricants, synthetic polyglycol gear lubricants, compound gear lubricants, and food grade gear lubricants)

By Industrial End Use

Construction, mining and off-highway equipment

Iron and non-iron production

General manufacturing, textile & chemicals

Engineering equipment

Automotive sector

Power generation

Cement

Others (plastic, paper and pulp and steel)

By Type of Distribution Channel

Direct Sales

Dealer Network

By Regional Sales

North

South

East

West

By Basis of Packaging

Barrels, Drums and Tanker load

Smaller Packs

Key Target Audience:

Plastic Manufacturers

Metal Working Companies

Auto and Auto Component Manufacturers

Construction Companies

Textile Companies

Cement Companies

Mining Companies

Paper and Pulp Manufacturers

Power Generation Companies

Steel Manufacturers

Food & Beverage Companies

Time Period Captured in the Report:

Historical Period – FY’2013-FY’2018

Forecast Period – FY’2018-FY2023E

(FY refers to fiscal year ending 31st March of every year; E refers to Estimated Numbers)

Companies Covered:

Indian Oil Corporation Limited

Hindustan Petroleum Corporation Limited

Bharat Petroleum Corporation Limited

Shell India

Gandhar Lubes

Exxon Mobil

Raj Lubricants

Gulf Petrochem (IPOL)

Apar Industries

Balmer and Lawrie

Castrol

Total (Company)

Savita Oil

Valvoline cumins

GS Caltex

Gulf Oil Lubricants

Veedol Lubricants (Tide Water Oil)

Others (Universal Halwasiya Group – UHG, Chemoleum, Fuch, Kluber, Starol and remaining local manufacturers)

For more information on the research report, refer to below link:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-industrial-lubricants-market/177073-100.html

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Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91 9015378249