Wednesday, March 20, 2019

Interview of Jatin Ahuja from Big Boy Toyz on Future of India’s Premium Pre-Owned Car Market: Ken Research


Jatin Ahuja, the Founder and Managing Director of Big Boy Toyz, articulates the fact to Anish Malhotra, Market Research Associate at Ken Research Private Limited that pre-owned Mercedes Benz tops the chart with a fair margin when it comes to volume sales. This is followed by brands such as BMW and Audi, which experience cut throat competition. Other brands in the market such as Jaguar & Land Rover and Volvo are steadily increasing their penetration into market in terms of sales.


Question: What was the idea behind the inception of BBT? What kind of growth has the company witnessed since its inception? What future strategies does BBT have in the coming 5 years?

Jatin Ahuja- Big Boy Toyz is a one stop destination for pre-owned and new exotic cars under one roof.
Passion and liking for cars since my childhood days along with the intent to do something overtly different with it, is essentially the root cause of where you see us today.
Having started to work at the age of seventeen was the big differentiating factor that enabled me to gain the extra experiential edge and wisdom in the pursuit towards the business acumen required for cars.
We came up with Magus Cars Ltd in the year 2007 which was into importing high end luxury cars into India. The concept was new because some of the models like Porsche Panamera and BMW X6 made their arrival on our shores even before their official launch.
The practice gained traction and soon with a wide network of customers willing to sell their four wheel possessions and upgrading to a new one, Big Boy Toyz came into existence in the year 2009.
Housing 24 exotic brands such as Aston Martin, Rolls Royce, Bentley, Ferrari, Lamborghini, Maserati etc., BBT has close to 100 cars in its inventory at any given point of time spread across its three locations at Gurgaon, New Delhi and Mumbai.
All our customers have a 100% satisfaction rate and we look to draw immense motivation from it.
For the near future, BBT looks to have an expansive inventory of cars. Our entry into the new car segment has brought us extra sales. This was a well-articulated strategy on our part.
Having set up a base in Mumbai, the next in line are the cities of Hyderabad and Bangalore.

Question: Which specific reasons have led to the growth of India’s Premium Pre-Owned Car market and what kind of growth has the market observed over the previous five years?

Jatin Ahuja- Since 2013, India’s premium pre-owned car market has witnessed a double digit growth rate and at present one can witness the increase in sales units reaching to new level.
Major factors which has led to the premium pre-owned car market of India to reach a mature stage are the Rising Disposable Income, greater Product Acceptability, better transparent mechanisms, easy access to finance because of total financial inclusion initiatives taken by banks, nonbanks and captive financers and Influx of western trends.

Question: What do you think is the current market shares (in terms of Percentage) of Organized and Unorganized/Semi Organized Market in terms of total volume sales of major premium pre-owned brands such as Audi, BMW, Mercedes Benz, JLR, Volvo and several others?

Jatin Ahuja- As of 2018, the organized channel is supplying the Indian premium pre-owned car market with 20-25% of the volumes. On the other hand, the volumes of used premium cars in circulation with the unorganized/semi-organized and C2C market is in the range of 75-80%.
However, as per the current market trend, more unorganized dealers are upgrading themselves in terms of robust aftersales service and in house certification programs to meet the standards of organized channel, which is very crucial to attract more customers.
Having a genuine mechanism of assurance in terms of product quality qualifies to be the underlying basis for the pull factor.

Question: As per the current industry trend, what must be the split between the sales in Organized and Unorganized market via direct dealership Walk-ins Vs Online channel. Furthermore, which all 3rd party portals or online auto portals are mostly used by dealers in India?

Jatin Ahuja- Lately, it has been observed that both organized and Unorganized market have heavy dependence on the online channels for successful sale conversion of premium pre-owned cars with a lion’s share in the range of 81-85%. Almost every customer in search of a premium used car approaches the classified pages or online auto portals making it the very first point of contact.
On the other hand, there are very few customers who directly walk-in the dealership to inquire/ purchase a used premium car.
The Organized/ Semi Organized players have their own online portals, mobile applications to market their fleet of vehicles, however the Unorganized dealers resort to classified pages/ 3rd party auto portals such as CarDekho.com, Carwale.com, Cars24, OLX and even Facebook pages/WhatsApp groups.

Question: What is the general customer journey when it comes to purchase of premium used cars from organized and unorganized channels in India? Also enlighten us on how does each process create a distinction for the customer?

Jatin Ahuja- Buying the best value for money product from a trustworthy source has always been at the back of the mind of the customer as and when they explore certain organized/ Unorganized dealers for their next purchase.
Next comes the process where the buyer shortlists the available participants in the market. One thing which is very important here is to have a presence. Somehow or the other, your brand has to be highlighted before the prospective individuals and this is accomplished via a strong social media platform followed by outdoor advertising & events and to some extent even words of praise. It does add up to the recalling effect.
Having a professional touch to the website gives you a distinct advantage because the ease of browsing makes the customers aware of who you are and what you do.
The very fact that a potential buyer engages with you on an “online call to action” button signifies that the   basics are correct and things are on track.
Relying immensely on a one to one informal relationship with the buyers has played a key success role for the unorganized channel.
And since times are changing, they too are seeing a definite improvisation in ensuring an exemplary buying and ownership experience.

Question: What is the certification process followed by Big Boy Toyz, being a semi Organized player? Also, how is the certification process offered by BBT different from that of other organized players such as Audi Approved Plus, Mercedes Benz Certified, Jaguar Land Rover Approved and BMW Premium Selection in the premium used car market of India?

Jatin Ahuja-  The organized players have truly raised the bar and set an example for India’s pre owned used car industry owing to their stringent checkpoints list.
Since a used car is in question, getting the basics right in terms of a comprehensive verification makes all the difference.
As mentioned earlier, Big Boy Toyz looks out for niche and rare exotic cars which have a clean history and have clocked less than 25000 km.
Our 151 checkpoints are like a rigorous test which decides our future course of action related to procurement. Once passed, the experts then proceed to prepare the certification for the particular model.
This being a mandatory process because BBT strives for quality always.

Question-After reaching out to both Organized and Unorganized players, we have observed that the sourcing of premium used cars varies in terms of trade-ins and buy sell/park sell concept.Dealership walk-ins and association with unorganized dealers helps the organized dealers to source vehicles. As per your understanding of the market, is there any other sourcing mode for organized players and how does it get distinguished with unorganized players?

Jatin Ahuja- The sourcing process for the organized players goes through a predefined evaluation process where even the seller (customer) is guaranteed of a satisfactory and adequate return.
BBT’s modus operandi is to pick cars from the best and trustable sources across India. Many of them include our customers too. We do get many walk-ins also on a daily basis wanting to get the best quote for their cars.
At times, due to a specific need and demand for a particular make and model of a car from a client, the sourcing team at Big Boy Toyz searches for appropriate references from the customers’ database to complete the task within the stipulated time.
For the new cars, BBT does bulk sourcing directly from the company to get a competitive price advantage.
As far as the unorganized domain is concerned, the shift towards ensuring a reliable procurement methodology has seen light in recent times which has definitely raised the bar in their forte.

Question: What kind of competition did India’s certified premium pre-owned car market observe in the previous decade?

Jatin Ahuja- It’s the trust which people have on a Mercedes Benz. So be it even a pre-owned three pointed star from the authorized franchisee outlets, customers are willing to go in for the purchase.So that is why it tops the chart by a fair margin.
BMW and Audi have a cut throat competition amongst themselves while Jaguar/Land Rover and Volvo are steadily entering into the frame in terms of sales. The market is at very young stage and is slowly moving towards a mature phase as more and more dealers are entering the market, thereby signifying immense potential for the Pre-Owned: New premium car ratio to surge to 1.5 times in medium run.

To find more Used Car Market Research Reports, refer to this link:-

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com
+91-9015378249

Changing Dynamics Of The Mobile Value Added Services In Cloud Market Outlook: Ken Research

Mobile Value-added Services Cloud Market
However unsurprisingly, with the significant increase in the disposable income and transformation in the living lifestyle the market of telecommunications and networking with the value-added services cloud has grown more effectively around the globe. As the advanced connectivity technologies, which include 4G and 5G networks, Wi-Fi, etc., have developed the penetration of internet and mobile phones around the globe. The growing internet penetration has led to the enlargement of various innovative technologies in the present years. The Value-added Services (VAS) is one of such services, which has been considered as a prominent revenue stream by the various companies. Unlike conventional VAS, cloud VAS is facilitated with the cloud platform, and these are presented only through a smartphone. The mobile value-added services have become a new revenue stream for the corporates in the present years owing to the low-cost ownership nature and least outgoings of building systems on cloud platforms. Hence, the market will increase around the globe more efficiently during the forecasted period.
According to the report analysis, ‘Mobile Value-added Services in Cloud Market Research Report’ states that there are several key players which are recently functioning in this market more efficiently for leading the fastest market growth with the handsome amount of share around the globe more enormously by doing attractive developments in the offers and techniques of doing work which further increases the demand globally includes Cisco Systems, Vodafone Group, AT&T, IBM, Infosys, Skystream Technology, DashData, Mobile2Win, Value First Digital Media, and ACL Mobile Limited. The value chain players are objecting on offering sophisticated facilities owing to leading the demand for cloud MVAS. The network suppliers are anticipated to advance significant market revenue followed by content providers. The accumulative penetration of smartphones and the Internet among the regions is improving the business opportunities for a huge variety of market players.
The market is spread across the globe which majorly includes the Americas, Europe, Asia Pacific, and ROW. Whereas, the Americas is anticipated to increase at a higher CAGR during the forecast period of 2017-2023. The APAC and MEA regions are predicted to rise at a higher rate post-2021 owing to the low acceptance rate of smartphones in various countries in the region. The telecom and smartphones companies are anticipated to play a dynamic role in enhancing the necessary infrastructure by developing the 3G and 4G Internet dissemination rates.
The mobile value-added services in cloud market revenue are predicted to be USD 67.79 billion in 2017 and are anticipated to reach USD 222.87 billion by 2023, increasing at an effective CAGR of 21.9% during the forecast period of 2017-2023. The enterprise VAS is increasing owing to the significant increase in the implementation by the private SMEs, large enterprises, and governments. The enterprises are realizing that smartphones user base could unleash new business opportunities, and it is also the easiest way to reach them customers. The consumer VAS market revenue is expected to be USD 48.4 billion in 2017 and is likely to reach USD 171.7 billion by 2023, increasing at a CAGR of 23.5% during the forecast period of 2017-2023. Additionally, it is expected that the cloud market with mobile value-added services will increase around the globe more significantly over the recent few years.
To Know More, Click On The Link Below:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Changing Dynamics Of The Global Sports Analytics Market Outlook: Ken Research


According to the report analysis, ‘SPORTS ANALYTICS MARKET FORECASTS UP TO 2024’ states that there are several key players which are recently functioning in this market more effectively for leading the fastest market growth with the handsome amount of share across the globe by adopting the effective strategies of doing work includes IBM, SAP, SAS, STATS, Opta, TruMedia Networks, Catapult, Zebra technologies, Sports Mechanics, and others. Whereas, IBM, SAP, SAS, and STATS are the key players in the sports analytics market. Under Armour's Health Box the connected fitness system which is generated for monitoring, determining, and supervision aspects of progress. IBM Watson Analytics is being utilized by these connected devices for delivering the data and insights needed for enlightening performance.

The sports analytics can be utilized to observe and determine the individual players as well as overall teams, thereby allowing team managers and deliver the staff to make an effective decisions to improve the overall performances. Moreover, the sports analytics is speedily becoming an essential component for the most of the global sporting events, with the foremost of sports federations such as UEFA and NFL and administrations such as MLB and Manchester United utilizing the sports analytics solutions to improve the productive engagements with their forthcoming sponsors and to enlarge their fan base. In most of the segments, analytics is renovating industries completely and transforming the factor of consumer involvement by delivering them the assistances which they expect for. Moreover, sports analytics by utilizing predictive models, forecasts about the team or players who can prosper and in which season there will be uppermost tickets sold, and what can boom up the fan experience. Furthermore, the key players of this market are analyzing the related aspects of this market for developing the specifications of such technology which further increase the demand and lead the fastest market growth during the forecasted period more significantly.

According to research, the global sports analytics market is predictable to reach at a revenue of USD 4.5 billion by 2024, growing at a significant CAGR of 43.5% during the forecast period. Moreover, on the basis of region, the market of sports analytics is spread across the globe more effectively with the huge amount of investment by the players. Whereas, North America holds the prevalent market share in 2017 and is predictable to control the sports analytics market during the forecast period. The aspects fueling the growth of the market more effectively in North America involve the high integration of sports analytics solutions in this region and premature adopters of sports analytics by teams of MLB and NBA in this region, which has made the alteration by augmenting their game and optimizing revenues. Moreover, accumulative demand from sports organization to allow them to upsurge their fan retention and revenue opportunities has further bolstered the requirement of sports analytics solutions.

The increasing demand for delivering the athletes with detailed analogy with several performance indicators, improving the fans involvement by leveraging data produced through social media and smartphones, and enhancing revenues through ticket pricing are some of the key drivers that are predictable to boom up the growth of the sports analytics market during the forecast period. Therefore, in the near future, it is expected that the market of sports analytics will increase around the globe more efficiently over the recent few years.

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



Related Report



Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Increasing Landscape Of The Europe Usage Based Insurance Market Outlook: Ken Research

Europe Usage Based Insurance Market
Usage Based Insurance Market:-The term usage-based insurance is referred to a category of vehicle insurance whereby the costs are dependent upon the type of vehicle used, dignified against time, behavior, place, and distance. Moreover, it is also known to pay how you drive and pay as you drive and mile-based auto insurance. The usage-based insurance differs from traditional insurance, which attempts to differentiate and reward “safe” drivers, providing those lower premiums and/or a no-claims bonus. However, the conventional distinction is a reflection of the history rather than recent the patterns of behavior. This means that it may take a long duration before harmless patterns of driving and fluctuations in the lifestyle feed through into premiums. Whereas, the most naive form of the usage-based insurance bases the insurance costs basically on the distance driven. However, the universal concept of usage-based insurance involves any scheme where the insurance costs may be contingent not just on how much you drive but how, where and when one drives.
Moreover, the players of this market are playing an important role by offering effective and attractive policies which protect the interest of the client and increase the demand for such insurance. This also results in leading the fastest market growth with the handsome amount of share in Europe in the short span of time more effectively. According to the report analysis, ‘Europe Usage Based Insurance Market Analysis’ states that there are several key players which are recently functioning in this market more actively for leading the fastest market growth and attaining the highest market share in Europe while developing the policies and strategies of doing work includes Intelligent Mechatronic Systems Inc., TrueMotion, Cambridge Mobile Telematics, Ensure The Box Limited, Progressive Casualty Insurance Company, Modus Group LLC, Inseego Corp, Metromile Inc., The Floow Limited, Vodafone, Allstate Insurance Company, Octo Group, TomTom International, Allianz, AXA Equitable Life Insurance Company, Liberty Mutual Insurance, Verizon, Sierra Wireless, Mapfre, MovitrackViasat, Inc., ASSICURAZIONI GENERALI S.P.A., UNIPOLSAI ASSICURAZIONI S.P.A., and several others. Moreover, the players of this market are adopting the strategies of doing work and benefitted with the joint ventures, partnerships and mergers, and acquisitions while the large firms of this market are expected to acquire the small business firms of this market for leading the fastest market growth in the coming years.
Europe the usage-based insurance market is expected to reach a CAGR of 18.6% in the forecast period of 2019 to 2026. Moreover, the market of usage-based insurance in Europe is segmented into different segments which majorly involve package type, vehicle type, device offering, technology vehicle age, electric and hybrid vehicle and country. Whereas, on the basis of package type the market is segmented into pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD). In 2019, the pay-as-you-drive (PAYD), the market is increasing with the highest CAGR of 18.8% in the forecast period of 2019-2026.
Although, the accurate and frequent data collection of the vehicle/drivers behavior, increasing adoption of the telemetric technology in the vehicles and growing demand for the connected cars are the market major growth drivers. Therefore in the near future, it is anticipated that the market of usage-based insurance in Europe will increase across the globe more positively over the recent few years.
To Know More, Click On The Link Below:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Baby Food Market In Egypt | Egypt Baby Food Market Research Report | Ken Research


Snapshot on Emerging Baby Foods in the EGYPT Baby Foods Market
Camelicious (Camel Milk Based Baby Food): Emirates Industry of Camel Milk & Products (EICMP), the producer of camel’s milk “Camelicious”, first commercialized camel milk in 2006.
Camel milk represents an integral part of Arabic and Islam culture in general and Egypt culture and heritage in particular. The milk genuinely complements the Egyptian values and traditions that are handed over from generation to generation.

It contains large quantities of iron that helps in strengthening blood, protects children from anemia and provides them with vital minerals for their daily needs. It is naturally rich in calcium which assists in building up bones, muscles and joints. It also helps in protecting from congenital malformations and other child growth related disorders. Additionally, it contains high proportions of vitamins C, B1 and B2 with B1 content higher than that in sheep, goat or cow milk. Additionally, it contains very high proportion of linoleic and essential amino acids.

How Competition Scenario Works In Egypt Baby Food Market?
The Egypt baby food market is highly concentrated among four major manufacturers of baby food competing on parameters such as product variant, channels of distribution and price. International companies like Nestle SA, Danone Groupe, Hero Group GmbH and Fasska SA dominated the Egypt baby food market with a share of ~% in terms of total retail sales.

The domestic companies selling baby food products have negligible market share.
The online channels of distribution are expected to cater a large set of consumers in future as they are time saving, reasonably priced and require less effort than offline channels of distribution.

What Are Future Estimations About The Egypt Baby Food Market And Its Segments?
The market is expected to grow in terms of retail sales from EGP ~ million in the year 2018(P) to EGP ~ million by the year ending 2023E. This increase is expected to take place at a CAGR of ~% during the forecasted period 2018(P)-2023E.

The prime reasons for this growth are increasing women’s participation in the workforce, rising income of households and increasing awareness for infant nutrition among parents.
In future, it is anticipated that, demand of milk formula will dominate the Egypt baby food market under food category, which is followed by demand of dried baby food and prepared baby food.

In terms of types of milk formula, the revenue share of standard milk powdered formula is expected to fall from ~% in 2018 to ~% by the year ending 2023E while the demand for other milk formula such as special baby milk formula, standard powdered milk formula and growing-up milk formula is expected to rise. The demand for special baby milk formula is expected to increase from ~% in 2018 to ~% by 2023E, thus showcasing growth in terms of revenue.

Keywords:-
Egypt Baby Food Market Research Report
Baby Food Market In Egypt
Baby Food Industry In Egypt
Egypt Prepared Baby Food Market
Egypt Baby Food Industry
Egypt Dried Baby Food Market
Egypt Milk Formula Market
Regulations Baby Food Egypt
Baby Food Retailing Egypt
Online Baby Food Sales Egypt
E-Commerce Support Baby Food Egypt

Key Segments Covered:-
By Food Category-
Milk Formula
Dried Baby Food
Prepared Baby Food

By Milk Formula-
Standard Milk Powdered Formula
Follow-on Milk Powdered Formula
Growing-up Milk Formula
Special Baby Milk Formula

By Channels of Distribution:-
Health and Beauty Specialist Stores
Supermarkets
Independent Small Grocers
Hypermarkets
Convenience Stores
Online Sales

Key Target Audience:-
Baby Product Manufacturers
Baby Product Distributors
Government Agencies
Baby Food Store Retailing
NGO’s Supporting Baby Food and Care
Pharmaceutical Stores
Online Sales and Retailing Agencies

Time Period Captured in the Report:-
Historical Period: 2012-2018
Forecast Period: 2019-2023

Companies Covered:-
Nestle SA
Danone Groupe
Hero Group GmbH
Fasska SA
Riri Co
Liptis Nutrition Ltd
Ninolac International SA
Abbott Laboratories and others

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

Related Reports:-



Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Growing Dynamics Of The Global Online Classified Ad Platform Market Outlook: Ken Research


Furthermore, the players of this market are playing an important role while offering several new and effective offers to the customers and inventing the new and attractive way of advertising which further increase the demand and influence the user to visit on the website instantly. This also become beneficial for leading the fastest market growth and dominating the handsome value of the market share around the globe during the forecasted period. According to the report analysis, ‘Global Online Classified Ad Platform Market Size study, by Type (Free Type, Pay Type), by Application (Auto Sales, Employment Opportunities, Rental Properties, Pets, Other) and Regional Forecasts 2018-2025’ states that there are several key players which are presently functioning in this sector more enormously for registering the fastest market growth and dominating the handsome amount of share around the globe during the forecasted period more effectively while employing the young workforce along the innovative ideas of advertising on an online platform at a reasonable price which further become beneficial for generating the high amount of revenue includes Craigslist, Backpage, Quikr, Gumtree, Classified Ads, eBay Classifieds, OLX.com, OodleAdpost, Sales spider.com, AdlandPro, US FreeAds, Adpost, Yakaz, Wiju.com, Classifieds For Free, Free Classified, Web Classifieds, Kedna, Wantedwants.com, Hoobly, PennySaverUSA, Claz, Recycler, WebCosmo Classified, Geebo and several others.

The Online Classified Ad platform is generally analogous as newspaper ads that concealed several sections and categories. Such type of advertising platform serves individuals both free and paid varieties of listings. There are huge assortment of online categorized ads that can be characterized under electronics, apparels, real estate, automobile, education, pets, machinery tools and kits, furniture and several others. Moreover, the several free categorized ad's websites enable anyone to place a short bio of the respective company and its goods or services by supported a link that point back to the website. This way you can effortlessly examine the potential consumers to land on the website of the advertised company. Another advantage is relocating online categorized ads to a free ad site demands mere fewer minutes and a slighter number of human resources, therefore it saves time and resources. They are easy to utilize due to its systematically scheduled that the prospective customers of the advertised company can easily and on the website through the presented website URL in mere friction of minutes.

Additionally, on the basis of region, the market is spread across the globe which majorly involves Asia Pacific, North America, Europe, Latin America and Rest of the World. For instance, the Asia-Pacific region is estimated to exhibit higher growth rate / CAGR over the forecast period of 2018-2025 owing to the increasing application of online platforms to reach wider variability of consumers. While, the North America is the leading/significant region across the globe in terms of market share due to the effective technological dependency and internet penetration. Furthermore, the foremost driving factor of global Online Classified Ad Platform market are small cost of online advertising and deterioration in print advertising. Therefore, in the near future, it is anticipated that the market of online classified ad platform will increase across the globe more positively over the recent few years.

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



Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249

Tuesday, March 19, 2019

Increasing Landscape Of The South Korea Smart Home Market Outlook: Ken Research


In the present era, the educated population wants to live a healthy and wealthy lifestyle with some security measures. For solving the problem of security, some of the manufactures of IT and ITES sector introduced home automation technologies which provide applications of security and automation in the home to some extent. Home automation is also known as domotics. A system of home automation will support or monitor the lighting, entertainment systems, climate and applications. The user interface for monitor of the system uses either wall-mounted terminals, a mobile phone application, tablet or desktop computers or a Web interface, that may also be manageable off-site with the help of internet. Moreover, the key players of this market are playing an important role by doing effective developments in the specifications and structure of the technology which further make it more attractive and lead the market demand more efficiently. Nevertheless, this will increase the market significantly in the coming years.

According to the report analysis, ‘South Korea Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025’ it is states that there are several key players which are presently functioning in this market more efficiently for capturing the highest market share in South Korea with the introduction of new and innovated technologies with so many applications and easily accessible includesSamsung Electronics Co., Ltd., LG Electronics Inc., SK Telecom, KT Corp, Hancom MDS Inc. (The former MDS Technology Co., Ltd.) and several others. Moreover, the key players of this market are adopting the effective strategies and policies for acquiring the fastest market growth during the forecasted period after analyzing the key strategies of other existing players in the market. With the efficient working of the key players the market is become competitive and enforced the international investors for investing the huge amount for getting the superior return on investment.

Nevertheless, many of the focused key players are benefitted with the joint ventures and mergers and acquisitions by which they can rule globally and attain the handsome amount of share. In addition, the South Korea smart home market is expected to surpass USD 6 Billion by 2025. However, the growth of Smart home market is recognized with the help of some aspects such as significantly increasing IoT market, cost depletion measures enabled by home automation systems, large number of manufacturers exploring their product portfolios, and rising importance of home monitoring from remote locations.Cumulative mobility is one of the emerging trends driving the smart home market. For instance, Smart Appliances held maximum share of the South Korea smart home market in 2018. The average revenue per Smart Home in the Smart Appliances sector recently amounts to USD 416.07. The revenue in the South Korean Smart Home Energy Management sector amounts to USD 170 Million in 2018.

With the growing ultimatum of smart home devices, security and privacy breach is also increasing the market growth more significantly. Therefore, in the near future, it is expected that the market of Smart Home in South Korea will increase more positively over the recent few years.

For more information on the market research report please refers to below link:-

Related Reports:-


Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249