Friday, November 22, 2019

Surge in Consumer Preferences for Non-Cash Payments Expected to Drive Russia Payment Services Market over the Forecast Period: Ken Research

Payment system is a system used to settle financial transactions by the transfer of monetary value. Payment system includes institutions, people, rules, instruments, procedures, standards, and technologies which make it exchange possible. Its common type is known as operational network that links bank accounts and provides monetary exchange using bank deposits. It includes cash and non-cash payments. Non-cash payments includes payment cards, Point-of-sale (POS) Terminals segment and electronic-money (e-money) & acquiring side entailing ATM terminals.

POS is the place where customer makes a payment for services or products at store. E-money is a digital corresponding of cash, stored on an electronic device at a server. Additionally, ATM is an electronic finance outlet which allows customers to complete basic transactions without the help of a branch representative or teller.

According to study, “Russia Payment Services Market Outlook to 2025- Breaking New Grounds through Alternative Payment Systems such as Contactless Payments albeit Challenging Profitability of Incumbent Firms)” the key companies operating in the Russia payment services market are NCR Corporation, Nautilus Hyosung, Diebold Nixdorf, Lanit ATM, Oki, MultiCarta, Indemit, Ridgast, Ingenico, PAX, Verifone, Yandex.Money, WebMoney, QIWI, PayPal, VISA, NSPK, MasterCard, Alfa Bank, Sberbank, Rosan Finance, VTB 24, Alioth, Novacard, Yandex.Checkout, UnitPay, Robokassa, PayAnyWay, Payeer.

Based on component type, payment services market is segmented into hardware and software. Based on POS terminal type, market is segmented into fixed POS terminals and mobile POS terminals. Based on payment card type, market is segmented into single purpose prepaid card and multi-purpose prepaid card. Based on payment cardholder, market is segmented into legal & individual entities. Based on banking automated teller machines (ATMs), market is segmented into geographical location (federal districts wise) and transaction type (financial & non-financial). Based on payment aggregator, market is segmented into payment gateways, payment aggregators and particular instruments. Based on e-money payment mode, market is segmented into Near-field communication (NFC), Short Message Service (SMS), mobile billing, Wireless Application Protocol (WAP) and Unstructured Supplementary Service Data/ SIM Application Toolkit (USSD/STK). Based on purchase type, market is segmented into airtime transfers & top-ups, merchandise & coupons, money transfers & payments and travel & ticketing. Based on usage type, market is segmented into gift card, general purpose reloadable card, gift card, incentive or payroll card, government benefits or disbursement card, and others. In addition, based on industry vertical, market is segmented into corporate institutions, financial institutions, retail establishments, government, restaurants, healthcare, entertainment and others.

The payment services market is driven by rise in demand for cash alternatives, followed by prepaid-based remittance feature, rise in e-commerce & m-commerce industry, increase in penetration of smart-phones, surge in consumer preferences for non-cash payments and increase in number of internet users. However, prone to fraudulent attacks may impact the market. Moreover, increase in unbanked & under banked population and rise in demand for fast & hassle-free transaction services are key opportunities for market.

It is anticipated that future of the Russian payment services market will be bright owing to rise in disposable income, growth in need for secure, user-friendly, & convenient payment options and increase in number of government initiatives to promote digital economy over the forecast period.

Key Segments Covered
Russia Payment Services Market
By Cash and Non-Cash Payments

Russia Terminals Market (Banking ATMs)
By Transaction Type (Financial and Non-Financial)
By Geographical Location (Federal Districts wise)

Russia Terminals Market (POS Terminals)
By End-User (Retail, Delivery, Restaurant, Healthcare and Others)
By Type of Devices (Fixed and Mobile)
By Geographical Location (Federal Districts wise)

Russia Payment Cards Market
By Type of Cards (Debit and Credit Cards)
By Type of Cardholder (Individual and Legal Entities)
By Type of Transactions (Cash Withdrawals, Payment Transactions and Others)

Russia Payment Aggregators Market
By Type of Merchant Services (Payment Aggregator, Payment Gateways and Particular Instruments)

Time Period Captured in the Report:
Historical Period – 2013-2018
Forecast Period – 2018-2025

Companies Covered:
ATM Terminals Market
NCR Corporation
Diebold Nixdorf
Nautilus Hyosung
Oki
Indemit,
Lanit ATM,
MultiCarta
Ridgast
POS Terminals Market
Ingenico
Verifone
PAX
E-Money Operators
Yandex.Money
QIWI
WebMoney
PayPal
Payment Aggregators Market
Yandex.Checkout
Robokassa
UnitPay
Payeer
PayAnyWay
Payment Cards Market
VISA
MasterCard
NSPK,
Sberbank
Alfa Bank
VTB 24
Novacard
Rosan Finance
Alioth

Key Topics Covered in the Report
Demographic Analysis of Russia
Consumer Profile in Russia
Economic Analysis of Russia
Shadow Economy of Russia
Consumer Adaptability of Non-Cash Payments Russia
Payment Infrastructure of Non-Cash Payments Russia
Ken Research Framework of Payments Landscape
Cross Comparison of Russia with other developed, developing and emerging economies
Russia ATM Terminals Market Overview, Market Size and Introduction
Competitive Landscape of ATM Manufacturers and ATM Management Companies
Future Outlook on ATM Terminals industry by Number of ATM Terminals and Number of Transactions
Russia POS Terminals Market Overview, Genesis and Size
Competitive Landscape of POS Terminal Manufacturers including Market share and Company Profiles
Future Outlook of POS Terminals; By Installed base, Number of Transactions and By Type of Devices
Russia Payment Cards Market Overview, Genesis and Market Size
Card Holder Profile in Russia
Competitive Landscape of Issuers and Payment System Operators in Payment Cards Market
Snapshot on Card Manufacturing Companies
Future Outlook of Payment Cards Industry; By Number of Users, By Number of Cards in Circulation, By Type of Cards and By Type of Transactions
Russia E-Money Market Introduction, Overview and Genesis
Company Profile of Yandex.Money, QIWI, WebMoney and PayPal
Russia Payment Aggregator Market Introduction, Overview and Market Size
Competitive Landscape of Major Players
Company Profile of Yandex.Checkout, Robokassa, UnitPay, Payeer and PayAnyWay
Future Outlook of Russia Payment Aggregator Market
Analyst Recommendations for Russia Payment Services Market
Suggested Strategies to ensure Business Sustainability

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Quality Press Release Distribution Services Global: Ken Research

The press release submission discusses to the writing related to the new events, services or products of the corporates and submitting it to the press release sites. It is an off-page SEO strategy the supports commercialize your events, products or services on the web to developed the SEO of your site. A press release should be keyword-optimized, factual and enlightening so that it could introduce the interest in the readers. Not only has this, the Online Press Releases are a foremost element of your SEO strategy. As well as booming up your search engine optimization, online PR positively supports by generating the consciousness related to your company. Each and every business has a news and stories to tell. That news can support to encourage your corporates and augment your online visibility. You might desire to stimulate an event, establish a fresh product, or have presently appointed a fresh member of staff. Whatever your news, our press release submission service will handlebar all the PR distribution desired to support to build your online reputation.


When there is no internet facility, the press releases were sent to the media with the variable results. If you were lucky, your press release might get positively utilized. And if your article was circulated, the short lifecycle meant it was here today and departed tomorrow. The internet is positively improved the press release. The Online press releases are effectively submitted to the professional press release sites, effectively providing an appreciated foundation of welcoming links to your website. And the online press releases have an almost unrestricted lifecycle, so they effectively pursue to function for you for the many years to come. A running press release submission campaign ensures your corporate has a greatly online existence and actively supports keep your SEO surpassed up.

To attain the most frequent from your online press release campaign, your press release must be submitted to the most prominent and authoritative PR websites. Our SEO specialists function only with the foremost dependable online press release directories, to guarantee the broad levels of traffic and better quality links back to your website. Our SEO Service Pros team can support with every part of your PR submission campaign, from writing SEO press releases to their distribution.

Not only has this, the accurate keyword research and selection is an essential for optimizing a press release for SEO. Your press release should have at least one keyword to target a wide amount of audience, and that keyword should be utilized in the headline, the first paragraph, and one anchor link. At the same time, do NOT substance your press release with the keywords and google will penalize you for this. Some essential things to keep in mind while doing the keyword research such as employ online keyword volume tools namely Google AdWords Keyword Tool or SEMRush and positively think related to the keywords in the situation of users, not search engines such as contemplate what people might essentially be looking for, not what the Google desires to see. Hence, with such measurements the market will increase and views will grow more effectively over the coming years.

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Growth in Demand for Low-Emission Buildings Anticipated Driving Global Green Building Materials Market over the Forecast Period: Ken Research


Green building materials refer to material which increases the sustainability & efficiency of a building construction in terms of design, construction, maintenance and renovation. The materials also known as green construction & sustainable buildings. They are derived from renewable waste products and are highly energy efficient. The materials are employed in construction industry to address several environment challenges such as anomalous climate change, contamination of fresh water resources, atmospheric pollution, natural resource depletion, and loss of biodiversity. The key features are low operating cost, included low maintenance cost, and low water requirements.

According to study, “Global Green Building Materials Market Information by Application (Residential, Commercial, Infrastructure, Industrial) by End-use (Exterior siding, Interior Finishing, Insulation, Framing, Roofing and others) and Region - Forecast to 2022” the key companies operating in the global green building materials market are Alumasc Group plc., Wienerberger AG, Bauder Ltd., Binderholz GmbH, CertainTeed Corporation, Homasote Company, LG Hausys Ltd., PPG Industries, Inc., RedBuilt LLC, E. I. du Pont de Nemours and Company, Kingspan Limited, Forbo International SA, Lafarge Company, Owens Corning, BASF SE, American Hydrotech, Inc., Rockwool International A/S, Amvic, Inc., Sika Sarnafil, Inc., Roseburg Forest Products Company, Inc., Sika AG, Saint-Gobain SA (France), BMI Group, The Garland Company, Inc., Standard Industries Inc., USG Corporation, GAF Materials Corp., Wienerberger AG, Andersen Corporation, DowDuPont Inc., Mohawk Industries, Inc., Ecostar LLC, Johns Manville Corporation, Norbord Inc., Nichiha Corporation, Firestone Building Products Company, LLC, Armstrong World Industries, Inc., Knauf Insulation Ltd., Marvin Windows and Doors, Inc., Fletcher Insulation Pty Limited.

Based on product type, green building materials market is segmented into interior products, exterior products, solar products, building systems and others. Interior products include flooring and insulation. Exterior products include siding, doors, roofing and windows. Based on sources type, market is segmented into recycles materials and renewable sources. Based on material type, market is segmented into bamboo, mycelium, hempcrete, and straw bales, wood, rammed earth, grasscrete, timbercrete, recycled plastic. Based on application, market is segmented into framing, exterior siding, interior siding, roofing and insulation.  Insulation segment holds major share in market owing to its ability of energy conservation. Based on end-user industry, market is segmented into residential and non-residential (industrial, commercial & office, hospitality & leisure, institutional).

The green building materials industry is driven by rise in national commitments to preserve resources, followed by favorable government policies for green buildings, growth in demand for low-emission buildings, increase in urbanization and reduce greenhouse gas emissions. However, lack of awareness among consumers, high capital investment compared to conventional buildings, lack of availability of this material and potential risk of indoor air pollution in green buildings may impact the market. Moreover, rise in awareness of recycled construction and reduce in cost of green buildings over time are key opportunities for market.

Based on geography, the North-American region dominates the green building materials market owing to rise in need of energy saving construction buildings, growth in consumer awareness regarding environmental & economic benefits and government & non-government regulations for energy efficiency practices in the region. The Asian-Pacific region is anticipated to witness higher growth rate due to increase in availability of technical expertise, growth in residential construction sector and rise in renovation activities over the forecast period.

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Profitable Landscape Of The Asia Pacific Cyber Security Market Outlook: Ken Research

In the Asia Pacific region, the Cyber Security Market is at a growth stage and has a wide capacity to increase in the region. The market has presented an auspicious growth in the terms of revenue. The growth is not only owing to the growing cyber crimes in the regions, but additionally owing to the advancement in the region and growing digital existence around the dissimilar segments namely IT, Banking, Small and Medium Enterprises and Education and many more. The increasing internet penetration in the region was witnessed underwriting to the cyber security market with the increasing cyber crimes on the internet.
Not only has this, by the imported and domestic security and solution, the imported services and solutions registered the cyber security market in the Vietnam during the recent past years due to the restricted solutions suggested by the domestic corporates demonstrate in the Vietnam. It was observed that, the Vietnamese business corporates and the home user desire purchasing from the international corporates and the domestic corporates are the widely preferred in the case of cyber security services.


Whereas, based on the type of solution, the market of cyber security in the Asia Pacific region is sectored into Firewall and UTM, antivirus, detection system, Identity and Access management, Encryption, disaster recovery, data loss prevention and IoT devices. In addition, it is anticipated that the firewall and unified threat management (UTM) attributed the majority of the market share in the terms of revenue during the recent past years. The UTM is the most primarily security solutions and involves the Antivirus, Firewall, Email Security, Intrusion Detection system, web content security and several others. The outstanding market share was attributed by the Antivirus, Intrusion detection system, Identity and access management and several other solutions during the recent past years.

Although, in the Asia Pacific region, the Vietnam cyber security market was extremely registered by the banking and financial services end user sector in the recent past years owing the wide requirement of the security services and solutions for this industry as they deal with the widely trustworthy user data and the monetary transactions. For instance, the remaining market share was attributed by the government, retail, IT, healthcare, private users, energy and power and several other end users during the recent past years.

Nonetheless, in the Asia Pacific region, the Vietnam cyber security market was effectively witnessed to be temperately scrappy in the Mother Nature with the efficient existence of both the international as well as domestic players in the services and solutions sector. Few of the foremost corporates such as Juniper Network, Cisco, Check Point software Technologies, Symantec Corporation were witnessed to lead in terms of market share, followed by Hewlett Packard Enterprise Development LP, Kaspersky, Fortinet, CMC Corporation and many others. The cyber security solution merchants in the Vietnam contend on the basis of price of the security solutions, technological advancements, product contributions, supply chain management, after-sales services and number of clientele.

Therefore, in the coming years, it is anticipated that the market of cyber security in the Asia Pacific region will increase more significantly over the near future with the huge investment by the coming and existing players.

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Best B2B Service Providers in Indonesia | Market Research Company in Indonesia: Ken Research

The market research company in Indonesia is positively functioning for delivering better services to the consumers and determining the growth drivers for the respective market growth. However, the market research company in Indonesia states that the domestic remittance market of Indonesia effectively observed an auspicious growth over the recent past years. Increasing internal migrant citizenry both intra-regional and inter-regional due to the effective job choices has triggered the size of the industry. During the reviewed period, the domestic remittance market has presented effective growth with the positive CAGR in the terms of transactions volume created from the personal remittance within the region.
Market Research industry Indonesia
By the bank and non-bank, based on the market research companies in Indonesia, the banks register the domestic remittance market compared to the non-bank channels. A growing share of the non-bank channels was witnessed during the forecast duration as it increases with an effective CAGR during the forecasted period. Not only has this, the increasing popularity of utilizing the digital platforms for the transfers namely m-wallets of OVO m-wallet and Gopay.
Nonetheless, based on the market research industry Indonesia, the Indonesia domestic remittance market is moderately determined with the existence of the multiple players involving M-wallets, Money transfer operators, banks and postal networks. Among the banks that are positively functioning in the domestic market, Bank Mandiri and Bank Central Asia control a foremost share of the market in terms of volume of transactions carried via banks during the recent past year. The Bank Mandiri registered the domestic market in terms of volume of transactions in the recent past. Furthermore, across Indonesia, the choice of channel contrasts along with the category of remittance that is whether it is domestic or around the globe.
Although, the market research companies state that the Domestic remittance market is positively registered by the banks in the terms of volume of transactions, as the consumers prefer banks owing to their broader accountability and security, with observe in the domestic market. Nonetheless, the international remittance market has effectively demonstrated an auspicious augment in the growth rate overall, whereas, the inbound market presented a foremost growth and a slight deduction was witnessed in the outbound sector during the recent past years. The total transaction value enlarged representing a five years CAGR. Moreover, the increase in Fintech startups and government rolling out the mobile payments benefit underwritten to this improvement. The capacity of the volume of remittance transactions augmented, dominating an effective CAGR during the forecast period.
Along with the growing competition among the banks and non-banks channels, a deduction in the commission was efficiently witnessed along with the development in level services delivered by the remittance corporate during the forecast duration. Nonetheless, the market research companies state that the growing infrastructural and developmental happening underwrote by the government and increasing business segment investment in the region is predicted to raise the growth in the domestic remittance market in the region. Therefore, it is anticipated that in the near years with efficient working by the market research companies the markets in Indonesia will increase more positively over the coming years.
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Thursday, November 21, 2019

Growth in Investments in Wind Turbines Expected to Drive Wind Turbine Gearbox Market over the Forecast Period: Ken Research

A wind turbine is a device, generates electric energy from kinetic energy of the flow of wind. Wind turbine gearbox is an important component in the wind turbine which helps in increasing the turbine rotational speed. It consists of both planetary and parallel gear stages depending on the capacity prerequisite of a wind turbine. There are numerous types of wind turbine gearboxes which are based on various factors like wind flow, landscape, wind potential, demand, etc.


According to study, “Wind Turbine Gearbox Market Research Report by Type (Main Gearbox, Yaw Gearbox, Others), Application (Offshore Wind Power, Onshore Wind Power), Installation Type (New, Replacement), Capacity (1.5-3 MW, up to 1.5 MW, Over 3 MW), and Region-Global Forecast to 2025” the key companies operating in the wind turbine gearbox market are Siemens Gamesa Renewable Energy S.A., China High Speed Transmission Equipment Group Co. Ltd., Winergy AG, Chongqing Gearbox Co., Ltd., Moventas Gears Oy, Dana Brevini SpA, NGC Gears, ZF Friedrichshafen AG, Eickhoff Antriebstechnik GmbH. Key manufactures are rapidly varying designs of gearbox to augment its resistance according to loading & environmental conditions.
Based on type, wind turbine gearbox market is segmented into yaw gearbox, main gearbox and others. The yaw gearbox segment is anticipated to exhibit a higher CAGR owing to a gamut of product offerings are existing by distributors during the forecast period. Based on gear stages, market is segmented into low-speed planetary gear stage, intermediate gear stage and high-speed parallel gear stages. The planetary gear stage includes three moving components such as planet gears, planet carrier arm, and sun pinion. Based on installation type, market is segmented into replacement and new. Based on capacity type, market is segmented into less than 3MW, between 3MW and 6MW, and more than 6MW. In addition, based on application, market is segmented into onshore wind power and offshore wind power. The onshore segment holds higher share of the entire market due to the extreme uses of medium speed gearboxes to moderate capital & operational expenditure. Additionally, offshore segment is also expected to capture a higher market share because of the incorporation of spur gears in wind turbine gearboxes setup during the forecast period.
The wind turbine gearbox market is driven by rise in energy consumption demands, followed by increase in government support for renewable energy projects, rise in funding for research & development (R&D) program, advancements in technologies, overcome the increasing instances of power supply shortages, rise in use of wind energy as a source of electricity generation, noteworthy reduction in the cost of generation & associated risks, and growth in investments in wind turbines for capturing energy due to its cost-effectiveness & energy-efficiency. However, an alternative clean energy sources for instance solar and gas, are inexpensive than wind energy, which is a key restraint for the market. 
Based on geography, the Asian-Pacific region dominates the wind turbine gearbox market owing to high investments in the wind industry over the forecast period. The North-America and European regions are expected to witness lucrative growth rate due to rise in demand for clean energy, low cost of technology and increase in government support from various countries over the forecast period. It is projected that the market will be reached at 8,630 million by 2025.
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Used Car Space in Germany Driven by Increasing pool of Online Used Car Dealers along with Surge in Online Listings: Ken Research

Analysts at Ken Research in their latest publication Germany Used Car Market Outlook to 2023 - Led by Surge in Multi-Brand Dealerships Coupled with Improved Quality and Inspection of Used Carsbelieve that the used cars industry in Germany has been growing and is expected that it will expand further owing to the entrance of used car dealerships in the country, better services provided by the dealerships such as car financing, insurance, inspection and others, rising number of online used car companies and others. The market is expected to register a positive CAGR of 1.3% in terms of sales volume of used cars and 4.4% in terms of Gross Transaction Value (GTV) during the forecast period 2018-2023F.



“Amplified geographical expansion model by the used car dealerships and the shift towards the online space market portals have driven the growth of used car market in Germany.”

Surge in the Used Car Listings on Online Portals: The entrance of online used car companies in Germany has led to an increase in number of used cars listings on these portals. To tap a larger market in the used car industry, dealerships have penetrated in the online space by listing the used cars on the online platforms. The customers get a wide pool of used car variants on online portals where they can compare and research for themselves that which used car they want to purchase. These portals perform as a platform where the buyer and the seller of the used cars can meet; it can be a private seller of a used car dealership.

Emergence of Organized Used Car Dealer: The organized sector of the Germany used car industry was observed to dominate the market in the year 2018 and is anticipated to grow with a CAGR of 5.3% during the forecast period 2018-2023F. Factors such as rising population, declining new car sales, increased preference for younger used cars, certified used cars, and better services provides by the dealerships and others have led to the entrance of both multi-brand and OEM Certified dealerships within Germany. These multi-brand car dealerships have also started to expand in different regions of the country to tap a larger market of the country and increase their sales volume.

Lucrative Interest rates provided by the Used Car Dealerships: A significant number of German customers have inclined towards the purchase of used car from a dealership which provides financing and insurance facilities to ease their payment process. Dealerships such as Hey car, Mobile.de, Autoscout24 and others have started to provide the car financing options to the customers to ease their purchase of a used car. Financing provided by the dealerships has been gaining traction owing to the low interest rate they provide on the used cars which is around 5.5% to 7.2% for a period of 12-84 months. Whereas, Personal loans from regular banks have a high rate of interest of around 8.5% to 12.0% for a period of 12-72 months.

Germany used car dealerships were not providing the financing options in the past few years as their primary focus was on the sale of the used car, owing to which the customers had to finance their used cars from banks which charged huge interest rate. With the availability of car financing options at the dealerships over the years has eased the purchase of a used car in Germany for the customers.

Key Segments Covered
By Type of Market Structure:
Organized Market:
Multi-brand Dealerships
OEM Certified Dealerships
Unorganized Market
Customer to Customer
Online Sales
Local Dealers

By Car Make:
Volkswagen
Opel
Mercedes
BMW
Ford
Audi
Renault
Skoda
Fiat
Peugeot

Others (Seat, Hyundai, Toyota, Nissan, Mazda, Citroen, Smart, Kia, Mini, Volvo, Mitsubishi, Suzuki, Honda, Dacia, Porsche, Chevrolet, Alfa Romeo, Jeep, Subaru, Land Rover, Chrysler, Jaguar, Daihatsu, DS, Saab, Lancia, Lexus, MG Rover, Ssangyong, Sachsenring, Dodge, Iveco, Ferrari, Maserati, Cadilac, Infiniti, Tesia, Austin and few more.)

By Year of Ownership:
<2000
2000-2002
2003-2005
2006-2008
2009-2012
2013-2018

By Kilometers Driven:
Less than 5,000
5,000-20,000
20,000-50,000
50,000-80,000
80,000-120,000
Above 120,000

By Type of Used Cars:
Economy/Hatchback
MPV’s/Sedan
SUV’s

Key Target Audience
Offline Dealers
Online Portal
Organized Multi Brands Dealers
OEM Certified Dealerships
Online Portal
Private Equity and Venture Capitalist
Industry Associations
OEM Manufacturers
Automotive Manufacturers
Car Auction Companies

Time Period Captured in the Report:
Historical Period - 2013-2018
Forecast Period – 2019F-2023F
Companies Covered:
Online Dealerships:
Autoscout24
Mobile.de
Hey Car
Auto.de
True Car
BCA
Webauto.de

Offline Dealerships:
Emil Frey Group
AVAG Holding SE
Dello-Durkop-Hansa-Group
Feser-Graf-Group
Senger Group
Weller Group
Gottfried Schultz
Tiemeyer Automobile Group

Key Topics Covered in the Report
Germany Used Car Market Introduction
Business Model Prevalent in Germany Offline Used Cars Market
Germany Used Car Market Size
Germany Used Car Market Segmentation
Snapshot on Germany Used Car Auction Market
Decision Making Process for Buying and Selling Used Cars
Trends and Development in Germany Used Car Market
Issues and Challenges in Germany Used Car Market
Snapshot on Germany Online Used Cars Market
Government Regulations in Germany Used Car Market
Competition Scenario in Germany Offline Used Cars Market
Germany Used Car Market Future Outlook and Projections, 2019-2023F
Analyst recommendations
Success Case Studies in India Used Car Market-OLX

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Rise in Crime Rates Expected to Drive Global Manned Security Services Market over the Forecast Period: Ken Research


Manned security services refer to personnel & equipment used in maintaining the defenses of industrial, commercial, and residential complexes. It includes patrolling on building premises to avoid unauthorized entry & occupation, monitoring of assets against damage & theft, and guarding people against any undesirable consequence due to unlawful conduct of others. Some examples are included retail security staff, security guards, security receptionist, private security, access control or gate house duties and site security services etc.

According to study, “Global Manned Security Services Market Information: by Type (Equipment, Service), End-user (Industrial Buildings, Commercial Buildings, Residential Buildings), and Region - Global Forecast Till 2025” the key companies operating in the global manned security services market are  U.S. Security Associates, Inc., Tops Security Limited, OCS Group Limited, Andrews International Inc., ICTS Europe S.A., Securitas AB, G4S plc., Transguard Group, China Security & Protection Group Ltd., Allied Universal, SIS International S.R.L., Axis Group Integrated Services Ltd.

Based on type, manned security services market is segmented into service type and equipment type. Services comprise regular patrols of teams, training of manned personnel, and implementation of technology to alleviate pressure on said teams. In addition, based on end-user, market is segmented into commercial buildings, industrial buildings and residential buildings. Commercial buildings are further sub-segmented into banks & other office buildings, hospitals & educational institutions, shopping centers & other public infrastructure, airports, and other commercial buildings. Industrial buildings are further sub-segmented into energy, construction, and mining, chemicals & pharmaceuticals, telecommunications, entertainment, and mass media, utilities & transportation and other industrial buildings. Additionally, residential buildings are further sub-segmented into individual houses, apartments & gated communities, and other residential buildings.

The manned security services market is driven by rise in crime rates, followed by high demand for security solutions, emergence of automated systems, rise in demand for effective technology-based products, rapid urbanization & industrialization, growth in technological advancements in weapons, improvement in economic conditions and rise in populations living in gated communities. However, rise of automated security systems may impact the market. Moreover, low armed services per capita and rise in development of training centers for security personnel are key opportunities for market.
The highly competitive manned security services market is completely dependent on the sales of automobiles. The market appears fragmented due to presence of numerous large & small-scale players accounting for a considerable market share. Well-established market players rely on collaborations, acquisitions, partnerships, and new technology launches in order to gain competitive benefit and maintain their positions in this market. On the sales side, vendors are investing in brand building & fostering strong relationships with customers to support the competitive position.

Based on geography, the Asian-Pacific region holds major share in manned security services market owing to skilled labor force, high police per capita, huge employment opportunities in the sector, and growth in population in the region. The European and North-America regions are expected to witness higher growth rate due to rise in prevalence of terrorism and integration of electronic security into manned security services over the forecast period. It is anticipated that future of the market will be bright as a result of consequent asset creation and rise in demand for tough security measures at borders near nations during the forecast period.

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