Ken’s Report on Data Monetization Market- Forecasts, Trends and Much More!

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Data monetization is the process of exploiting data for economic benefit and revenue generation. There are generally two methods of using data - Internal and External.

According to the research report, ‘Data Monetization Market: Current Analysis and Forecast (2021-2027)’, states that SAP SE, Microsoft Corporation, Qlik Tech International AB, TIBCO Software Inc., Oracle Corporation, Sisense Inc., Salesforce Inc., Accenture PLC, Virtusa Corp., and Infosys Limited are some of the significant players prevailing in this highly competitive industry. The consolidated report identifies different criteria through which the companies mentioned above exist and compete against each other. Some of the parameters are - a company overview, Production Capacity, Revenue, Key business offerings, financial performance, Risk analysis, recent developments, regional presence, and SWOT analysis.

Based on a careful examination of several aspects, the report is bifurcated into various segments and discussed below: -

On the basis of components, the market includes - software and service among which the software segment occupies the highest share in the industry and is anticipated to witness the same trend in the near future as software is the core component needed for any business.

On the basis of data type, the market covers - customer data, financial data, and others. The customer data segment dominates the global market as consumer information is of strategic importance for the development of businesses around the world.

On the basis of deployment, the industry covers – cloud and on-premises. The on-premises segment is the most preferable and holds a major share in the global market since privacy and security of confidential data are of prime concern for any business.

Based on organization size, the industry is divided into - large enterprises and SMEs in which large enterprises account for a considerable share globally due to the rising interest of enterprises to invest in emerging technologies.

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Based on industry, the sectors are – banking and financial services, information and communication technology, education, healthcare, retail and e-commerce, and others. The evolution and expansion of communication technologies is a prime factor responsible for the emergence of the information and communication technology segment as the market leader.

Adding on, the report contains an assessment of the market type by region concentrating on its sales, sales volume & revenue forecast. The regions mentioned are - North America (US, Canada, and Rest of North America), Europe (Germany, France, Spain, the UK, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea Rest of APAC), Rest of the World. The growth potential of the APAC region is the highest and is thus expected to generate maximum revenue during the review period.

The research report is equipped with various dimensions such as dynamics of the market both globally and region-wise, analysis of historical data, and technology development, strategies adopted by the above-named companies, and study of the market size (in terms of value and volume) based on demand and supply, market growth drivers, application details, market features, restraints, regional and industry wise investment opportunities and much more.

In the forthcoming years, the Data Monetization Market will prosper and is anticipated to increase at a substantial rate in terms of revenue in USD million by the end of the year 2027 at a double-digit CAGR during the evaluation period (2021-2027). This is because of factors like industries resorting to data-based solutions for critical decision-making, application of AI and many more.

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Global Data Monetization Market: Ken Research

Related Report:-

Global Data Monetization Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

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Expanding Production of Electronic Goods Leads to the Need for Electronic Cleaning Agents: Ken Research

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According to the research report, “2022-2027 Global and Regional Electronic Cleaning Agents Industry Status and Prospects Professional Market Research Report Standard Version” emphasizes that increasing demand for cleaning solvent in a variety of applications from a variety of end uses sectors is the primary growth driver of the market for electronic cleaning agents. Additionally, the market growth of electronic devices is attributed to the expanding trends of linked gadgets and the internet of things. The market for electronic cleaning solvents is predicted to increase at a rapid rate because of certain recent technological advancements.

On the basis of types, the Global and Regional Electronic Cleaning Agents Industry is segmented into Formulated Hydrocarbon Solvents, Brominated Solvents, Fluorinated Solvents, Light Petroleum Distillates, and Glycols & Glycol Ethers. However, in terms of applications, the Global and Regional Electronic Cleaning Agents Market is categorized into Consumer Electronics, Instruments & Apparatus, and Others. Additionally, the consumer electronics application sub segment is expanding as a result of an increase in product innovation from the major players. The consumer awareness of electronic cleaning chemicals has significantly increased, which has also resulted in an increase in high-quality goods.

The Electronic Cleaning Agent is predicted to experience significant growth as a result of leading major players expanding their production capacity through the launch of new manufacturing facilities and the development of new products with great solubility and with diverse features.

Some of the major key players in the Global and Regional Electronic Cleaning Agents Market are Arkema SA, Corbion N.V., Chevron Phillips Chemical Company, Invista, The Dow Chemical Company, BASF SE, Permatex, HK Wentworth Ltd., Vantage Specialty Chemicals Inc., Godavari Bio refineries Ltd., Solvay SA, and Others.

Based on the geographical analysis, the Global and Regional Electronic Cleaning Agents Market is primarily split into North America, Europe, Asia-Pacific, and the Rest of the World (Row). In the long run, Asia Pacific is anticipated to dominate the global market for electronic cleaning agents. Additionally, it has been predicted that the region will continue to rule at the end of the prediction period and will rise effectively against a variety of backdrops. The increase in consumer disposable income and the region's heavy reliance on electronic devices are some of the elements that can be linked to the region's expansion. In the upcoming years, this trend is anticipated to gain momentum, which will help the market for solvents for electronic cleaning.

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The strange Covid-19 epidemic had hurt the cleaning agent industry on a global scale. An increase in instances during the first quarter of 2020 resulted in lockdowns at the national level in many nations. Due to supply chain disruptions and industry shutdowns, the electronics cleaning solvents were contracted. Demand from end-use industries had been reduced as a result of production site closures. Although the market for electronics cleaning chemicals is anticipated to grow with enticing momentum due to increased end-use sector demand, many businesses have begun to administer digitally in response to COVID legislation, which has ultimately led to an increase in sales of electronic goods.

The Global and Regional Electronic Cleaning Agents Market is expected to grow fast between 2022 and 2027, owing to the increasing use of cleaning agents for cleaning electronic appliances and numerous other electronic items utilized in various industries. The electronic industry's need for high-quality cleaning agents has fueled the market's expansion. In the upcoming years, it is anticipated that rising industrial automation, the rising output of electronic products including sensors, mobile phones, laptops, and other items, and the rising manufacturing capability of various electronic items will raise demand for electronics cleaning agents.

For More Information, Click on the Link Below:-

Global Electronic Cleaning Agents Market: Ken Research

Related Report:-

(COVID Version) Global Electronic Cleaning Agents Market Status (2016-2020) and Forecast (2021E-2026F) by Region, Product Type & End-Use

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India Online B2B Platform Market Size and Research 2022, CAGR Status, Growth Analysis by Countries, Development Factors, Business Updates and Strategies till 2025: Ken Research

India Online B2B Platform Market Overview:

There are ~25 B2B platforms catering only to the producing the MSME’s across India. The industry is at a nascent stage and controls the high potential for growth during the future. The greatest user penetration is of online listing platforms as numerous of MSME’s use this service to create the business leads. SaaS has not been able to attain much traction & is very rarely utilized as of now. Digitization in the supply chain ecosystem, particularly with regard to traders, wholesalers, dealers, retailers and customers utilizing apps and other platform-driven methods control the key to stickiness and growth in the space. 

According to the report analysis, ‘India Online B2B Platform Industry Outlook to 2025: Driven by Intuitive Vendor Discovery & Increasing Digitalization in Retail Sector of India’ states that foremost drivers influencing the B2B e-commerce in India would be augmented usage of Mobile platforms which are delivering the app-based solutions for customers problems, advancement of Artificial Intelligence and Machine learning algorithms to recognise the buyer’s behavior and segmentation of categories and social media marketing and analytics which will propel traffic and augment user penetration in the market.

Online B2B Retail Industry Segmentation:

The report discovers the industry segmentation of online B2B platform players on the basis of demand ascending from dissimilar regions (Tier-1, Tier-2 and Tier-3 Cities) & basis the nature of platforms (Listing platform and marketplace platform). It further deliberates the revenue share of each segment, the foremost players of those segments & the growth facilitators of the future. The competition is not very extreme in the industry as there is a shortage of vertical platform players in the market, but it is projected with emergence of new players in future, the market competition would become fierce. In online listing segment, the players contend on the basis of listing charges & subscription rates. IndiaMART is the greatest player in term of users & suppliers and holds a significant share in the online listing platform market. On the other hand, extremely invested platforms are focusing on delivering the business enablement services from SaaS services to logistics services to lending amenities and are aiming on building technology focused services to boost functional efficiency and accomplish the top line & bottom-line benefits. Udaan, Bizongo, Beldara are few examples of such platforms who are proposing the business enablement services to MSME‘s around India.

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Indian Retail Industry Future Outlook:

Special aim on vertical marketplace platforms requires to be provided in order to acquire expertise. Competition from foreign players with improved technological solutions and investment competence could be seen in the industry during the years to come. Expansion of new categories of retail & wholesale would be leading the invention scenario, while cost optimization across several service streams will become imperative along with harnessing Artificial Intelligence, Data Analytics as well as Deep Learning Algorithms to enable and recognise the demand and trend analysis in advance for exploiting future growth opportunity. During future, India online B2B platform industry is projected to grow at a CAGR of ~20.0% throughout the period FY’2019-FY’2025.

Key Target Audience

·         OEM Manufacturers

·         Online B2B Platforms

·         3PL Firms

·         FMCG Industry

·         E-Commerce Companies

·         Lending Firms/Companies

·         Industry Associations

·         Government Associations

·         Private Equity and Venture Capitalist Firms

Key Topics Covered in the Report

• Leading Players in Online Retail Industry
• Present Day Pain Points of MSMEs in B2B Retail Industry of India
• Market Sizing Analysis of B2B Retail in India
• Market Sizing Analysis of Online B2B Retail in India
• Industry Segmentation of Online B2B Retail in India
• Ecosystem of E- B2B Platforms in India
• Service Portfolio of Indian Online B2B Platforms
• Online B2B Marketplace Business Models
• Traditional Retail Value Chain & Pain Points Analysis
• New Retail Value Chain of Online B2B Players
• Digital Penetration of Indian MSMEs in various Online Services/Platforms
• Margin Impact of online B2B platform Players on MSME’s Revenue
• Major Challenges Faced in Digital Adoption by MSMEs & the Way Forward
• Vendor Choosing Criteria for Online B2B Platform Industry
• Government Initiatives for Online B2B Platform Development
• Case Studies on Online B2B Platforms including Operating Outlook, Financial Analysis, Business Model, Services, and Investment Analysis & Shareholding Pattern
• Feasibility Report on an Online B2B Platform in India

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KSA Online B2B Grocery Market Outlook to 2026F– Driven by Increasing Number of Smartphone Users and Changing Shopping Habits of Bakalas in the Region Due to Convenience and Online Experience

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Proliferation Of Mobile Is Set to Drive Online Advertising Market Growth: Ken Research

 Online advertising market report

Online advertising is the procedure of utilizing the internet as a medium of convey the marketing or promotional messages to a recognised as well as intended audience. It assists to fascinate the website traffic & brand exposure messages to motivate the targeted customer to employ in a precise action such as making a buy. It is one of the most efficient manners for all the businesses to find targeted consumers, explore their reach, and expand their revenue streams. Businesses utilize the online advertising in e-newsletter, on compatible websites, on search engines, and in online versions of magazines and newspapers as a manner of reaching out to individual who utilize the internet for shopping or collect the detailed information. Online advertising not only substance to find the accurate audience but it is also the quicker and easy manner of advertising, which substance keep the target audience employed.

Online advertising is reasonable as compared to other media such as newspaper, magazines and television. Its assistances companies to encourage their products or services to a diverse variety of geographical locations and demographics. The obtainability of big data and online customer analysis has allowed online advertisements to target the desired audience. This, coupled with the internet’s ever-growing penetration across the globe, is delivering a thrust to the online advertising market.

Social media and mobile devices have attained the popularity over the past few years. This trend is urging brands to contribute in innovative and collaborative social media advertisements. Numerous online start-ups are now making a move from traditional advertising to self-serve platforms that enable small businesses to advertise with ease. These online platforms minimalize the expenses by enabling these companies to take control of their marketing schemes and selling the products directly to the customers.

Although, at Ken Research, Online advertising market report covers numerous aspects including introduction of the online advertisement market, value chain, market size and subdivisions by advertisement expenditure, comparative insight, growth drivers, trends and developments, issues and challenges in the market, efficacious digital ad campaigns, consumer profiling and the controlling framework of the industry. The report on online advertising market concludes with market projections for the future defined above and analyst recommendations highlighting the foremost opportunities and cautions for the online advertisement market.

In addition, developed regions involving the US, Canada, Japan and Europe, constitute foremost revenue contributors for the global online advertising industry. Influences such as huge penetration of connected devices, exceedingly developed digital ecosystem backed by the large media companies and ICT services providers, and vigorous focus on the digital media campaigns among businesses remain the major contributors for growth and progress digital ad market around the developed countries.

Per capita spending on connected devices remains high around the developed regions, with a proficient portion of consumers buying the mid- to high-end devices for numerous purposes. Products with the sophisticated features and functions are prevalent among customers, and price of the product remains mostly immaterial as the majority of consumers are affluent.

While customer affluence and general inclination towards improved technologies favour broader acceptance of connected devices, vigorous participation of leading electronics manufacturers propels the momentum in the online advertising market forecast. As penetration of the connected devices and customer inclination towards digital solutions remains high, developed regions represent the main markets for the digital advertising and marketing, around the globe.

Read Also-

Global Online Advertising Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries

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Rising Philippines’s Government Initiatives Are Revamping the Demand for The Cold Chain Market During the Forecast Period Of 2025: Ken Research

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The Philippines Cold Chain Market was estimated to develop at a CAGR of XX% between 2020 and 2025 as a result of the 2004 launch of the 'Philippines National Cold Chain Program,' which aided in the establishment of cold chain facilities in main areas of North, Central, and South Philippines. The cold storage over transit business has mostly pushed the market.

According to the research report, “Philippines Cold Chain Market Outlook to 2025: Driven by Rising Processed Food Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” asserts that government initiatives will propel the Philippines Cold Chain Market during the forecast period of 2025. Government initiatives such as the 'Philippines Cold Chain Project,' which was established in 2014, the 'Build, Build, Build' project, which was introduced in 2018, and the yearly Philippines cold chain expos held by CCAP have been good for industry growth. Furthermore, the cold chain business has been fueled by expanding meat consumption, constant seafood output, and an increase in preventable diseases among Filipinos, which has increased the demand for vaccinations and pharmaceuticals.

Cold storage has been a primary growth driver for the cold chain industry. During peak seasons, such as Ber season for meat and seafood, occupancy rates are similarly high, often exceeding 100% capacity, forcing enterprises to act as intermediaries between customers and their sister/partner companies. Royale Cold Storage, ORCA Cold Chain, Vifel Ice Plant, and Cold Storage, Koldstor, and Polar Bear Freezing and Storage Corporation are some of the industry's leading cold storage companies. The government has also shown its support for the sector by increasing its subsidies for cold storage.

Cold transport is defined as the moving of temperature-sensitive goods along the supply chain using heated and frozen packaging methods and logistical planning to extend the shelf life of consignments. Product transportation techniques include refrigerated trucks and railcars, frozen cargo ships, and air freight. Furthermore, 4, 6, and 8-wheeler reefer trucks with capacities ranging from 1 to 10 tonnes can be found plying the roads of the Philippines.

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Some major key players in the Philippines Cold Chain Market are Aspen Cold Storage, Koldstor Inc., Big Blue Logistics, VVS Cold Storage, Royal Cargo, Frabelle Cold Storage, Met Logistics, Glacier Megafridge, Jentec Cold Storage, San Simon Cold Storage, Technofreeze, WCL Cold Storage, Igloo Supply Chain, and Others.

Among these players, there are five main players having the highest share in the market namely Jentec Storage, Glacier Megafridge, Mets Logistics, Royal Cargo, and Big Blue Logistics. Furthermore, cold chain firms competed on characteristics such as location, pricing, temperature range, and degree of integrated services. These businesses also invest substantially in social media marketing and directly schedule meetings with potential customers to pitch their products.

Over the forthcoming years, the Philippines Cold Chain Market will have a rapid boost due to the rising food service businesses. The market is expected to have a positive CAGR of 9.9% during the anticipated period of 2020-2025. Changes in lifestyle and consumption habits, increased infrastructure investment to improve connectivity for cold transport businesses, high domestic demand for fish, seafood, and meat products, increased emphasis on ISO and LEED certifications for cold storage, automation in cold storage through ASRS, WMS, and RFID, and incorporation of quick or blast freezing services are some of the other factors.

For More Information, refer to below link:-

Philippines Cold Chain Market

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Shifting to Autologous Blood Transfusion is Spurring the Autotransfusion Device Market Globally: Ken Research

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Autotransfusion devices are commonly used to collect and reinfuse blood from patients. The use of autologous blood transfusions to prevent infections brought on by allogeneic blood transfusions is made possible by these systems, which play a significant part in cell salvage approaches. These tools are used in invasive procedures for the heart, the joints, the nervous system, obstetrics, and gynecology. The increasing number of surgical procedures across the globe has anticipated the fuel the growth of the market during the forecast period of 2028.

According to the research report, “Global Autotransfusion Device Market 2022-2028” asserts that the Global Autotransfusion Device Market is propelled due to the shift toward Autologous Blood Transfusion by individuals during the forecasted period of 2028. Rising chronic illness instances in developing nations, an increase in surgical operations, and an increase in the liver or even other organ transplant surgeries are some of the important drivers predicted to fuel the devices market during the projection period. Furthermore, the growing global burden of the older population and the increasing need for cardiac devices are expected to drive market growth.

In terms of types, the Global Autotransfusion Device Market constitutes Devices and Accessories. The devices segment is further classified as intraoperative, postoperative, and dual mode. Intraoperative devices are more popular in the autotransfusion device market because they are commonly used in open heart surgeries, where blood loss is high, and because the heart is an important organ, blood transfusions must be administered quickly to restore the patient's blood loss.

On the basis of applications, the Global Autotransfusion Device Market is categorized into Cardiac Surgeries, Orthopedic Surgeries, Organ Transplantation, Trauma Procedures, and Others. During the forecast period, the Cardiac surgery segment is expected to generate the most revenue. The increasing number of cardiac disorders and treatments has boosted the need for the use of autotransfusion systems. In addition, the growing usage of post-operative cell salvage in orthopedic treatments is expected to drive the orthopedic surgery sector market during the projection period.

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The End-Users of the Global Autotransfusion Device Market are Ambulatory Surgery Centers (ASCs), Hospitals, and Specialty Clinics. Hospitals accounted for the maximum share of the global autotransfusion device market. Many people stroll into hospitals for diagnostics, and many more are admitted for surgical treatments. As a result, hospitals now have a sizable proportion of the autotransfusion device market, and this trend is expected to continue during the projected period.

Some of the major key players in the Global Autotransfusion Device Market are Haemonetics Corporation, Terumo Corporation, Liva Nova, Advancis Surgical, Medtronic PLC, Atrium Medical Corporation, Stryker Corporation, Fresenius SE & Co. KGaA, and Others.

Based on the geographical analysis of the Global Autotransfusion Device Market is primarily split into Asia-Pacific, Europe, North America, and the Rest of the World (Row). North America dominates the Global Auto Transfusion Market due to a variety of factors including the presence of top firms in the country, a high number of surgeries performed in this region, the accessibility of developed healthcare infrastructure, and beneficial government initiatives, all of which contribute to the region's dominance.

During the forecasted period of 2022-2028, the Global Autotransfusion Device Market will grow rapidly due to expanding prevalence of surgical methods which will boost the market. Other factors promoting the rise of the blood transfusion device include an increase in the incidence of blood disorders, an increase in the number of trauma and accident cases, and technological advancements.

For More Information, Click on the Link Below:-

Global Autotransfusion Device Market: Ken Research

Related Report:-

2022-2027 Global and Regional Autotransfusion Devices and Consumables Industry Status and Prospects Professional Market Research Report Standard Version

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Rising e-commerce platforms of used car players, lack of original manufacturing facilities and shortage of semiconductor chip in the automobile industry is driving the Used Car Market in USA: Ken Research

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The development of technology and internet have provided all information to the consumers regarding vehicle value, market prices, profit margin of seller, quality of car and more, thereby making market more competitive than before.

Rising in Supply: Factors like fast growing disposable income, rising demand for premium cars, shorter period of car ownership, and increasing preference of the owner are driving Used Car sales. Growth is further supported by manufacturer’s investments in expanding the network of used cars dealers, building the brand and enabling customers to choose from various options.

Diffusion of Digital: Online platforms are giving buyers & seller’s new ways to interact online & facilitate the buying decision by offering a plethora of options and focusing on user browsing experience. Further, with dealerships offering warranty and service support, the used car market is now a reliable and trust-worthy option for first-time buyers which leads to good customer retention. Online providers are beginning to dilute traditional used-car dealers’ positions and rise growth by empowering digitally savvy customers via complete end-to-end purchasing capabilities, extensive vehicle data and photos, along with effective search tools and unique delivery options.

Growing Need for Personal Mobility: There has been a decrease in dependency on public transport due to the rising population. The pandemic has changed public preference towards traveling in personal vehicle where people belonging to low-income group are also shifting from public transport to purchasing a personal second-hand affordable car. The change in the trend if personal mobility is a driving force to the market.

Market Challenges: The USA Used Car Market is challenged with high maintenance cost of used cars. A new car requires no maintenance for at least 6 months of purchase as there are free services which is not the same case in used cars. Though the depreciation of new cars is higher, a used car offers disadvantage, hindering the market growth.  Another major challenge is the lack of regulatory measures which are required to maintain the quality of the global used car market.

Analysts at Ken Research in their latest publication “USA Used Car Market Outlook to 2026F– Driven by an influx of digital players along with consumer demand for personal mobility and affordable pricing” by Ken Research observed that Used Car Market in USA is growing at a robust CAGR more than 40k Used cars being sold as a result of increased market supply along with a shift towards organized and transparent trade. The availability of financing options, online presence of new emergent players and increasing digital penetration is expected to contribute to the market growth over the forecast period. The USA Used Car Market is expected to grow at a CAGR of 7.4% in revenue terms over the forecasted period 2021-2026F.

USA Used Car Key Segmentation Covered:-

By Market Structure

Organized Sector

Unorganized Sector

Organized Sector

Multi-Brand Non-Franchise

Online e-Commerce Local Dealers

OEM Certified

Unorganized Sector

C2C Transactions

Auction (B2C)

Local Dealerships

By Type of Car

SUV

Pickup Truck

Hatchback

Sedan

Luxury

Others

By Type of Transmission

Manual Transmission

Automatic Transmission

By Type of Fuel

Petrol

Diesel

Others

By Private or Commercial

Private

Commercial

By Miles Driven

20,000- 45,000 Miles

45,000-100,000 Miles

100,000-200,000 Miles

Above 200,000 Miles

By Age of the Car

0-2 Years

2-5 Years

5-10 Years

More than 10 Years

By Region-wise Dealerships

South

West

Mid-West

North East

By Brand

Toyota

GM

Ford

Stellantis

Hyundai-Kia

Honda

Nissan

Volkswagen

Others

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Key Target Audience:-

Used Car Companies

OEMs

Multi-Brands

Online Used Car Portals

Used Car Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Car Dealerships

Used Car Industry

Used Car Manufacturing Companies

Used Car Distributors

Used Car Auction Houses

Used Car Associations

Time Period Captured in the Report:-

Historical Year: 2016-2020

Base Year: 2021

Forecast Period: 2022–2026F

Companies Covered:

Major Franchised- Multi-Brands

EnterPrise Car Sales

Penske Automotive Group Inc.

Hertz Car Sales

North West Motor Sport

Asbury Automotive

AutoNation Inc.

STG Auto Group

Group 1 Automotive Inc

CarSoup

Sonic Automotive - Echopark

Avis Budget Car Sales

Major Marketplace Companies

Cars.com

TrueCar

CarGurus

Major Auction Market Players

Manheim

Greater Rockford Auction Group

ServNet

Copart Inc.

McConkey Auction

KAR Auction Services

ACV Auctions

Auto Auction Mall

Major Online E-Commerce Platform

CarMax

Carvana

Vroom

Shift Technologies

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

USA Used Car Industry

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Egypt Used Car Market Outlook To 2026 – Driven By Shift In Consumer Demand Along With Growth Of Online Used Car Platforms And Availability Of Financing Options

Philippines Used Car Market Outlook To 2026 (Third Edition): Driven By The Pandemic Incited New Opportunities For Used Car Dealers And Increased Penetration In The Online Space For Used Car Transactions

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Ken Research
Ankur Gupta, Head Marketing & Communications
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Home Furnishing Markets Growth Is Driven by Regular Introduction of Innovative Furniture: Ken Research

 Furniture states to the movable and ergonomic objects, such as chairs, tables, beds, cupboards, desks, sofas, and cabinets, utilized in residential and commercial areas for seating arrangements, storage purposes, and advancing the aesthetic worth of space. It is manufactured optimizing the durable raw materials, involving wood, plastics, glass, iron, and marble. Nowadays, procedures are offering the multi-functional variants in wide-ranging colors, sizes, styles, and designs with heightened aesthetics, comfort, functionality, and storage capacities for the offices, homes, and indoor and outdoor locations.

The increasing global population, speedy urbanization, and growing construction of residential and commercial buildings are among the foremost factors positively fostering the household furniture and kitchen cabinet market. In addition, the enlargement of the travel and tourism sector, in convergence with inflating income levels, varying lifestyles, and enlightening living standards, is increasing the practice of lightweight, versatile, and portable furniture with supreme storage facilities across the world. Apart from this, the growing number of nuclear families is influencing the sales of foldable and compact furniture that can be effortlessly arranged in smaller spaces. Besides this, the increasing number of individuals suffering from postural dysfunction is catalyzing the requirement for ergonomically designed furniture to safeguard the health and posture issues among children and adults. Furthermore, the easy accessibility of innovative products through online shopping platforms is influencing the home furnishing market growth. Not only has this, leading producers are coming up with new designs and cooperating with interior designers to enlarge their market reach and capture a varied customer base. They are also introducing supportable furniture made from recycled items, such as salvaged wood, textiles, and wood pallets, which is projected to drive the global portable beds market.

Residential and infrastructural advancement, for instance, the establishment of churches or community centers, hospitals, and government institutes also compels product requirement. Furthermore, government regulations with concerns to furniture, especially the products utilized in hospitals, require manufacturers to particularly design and manufacture furniture that observes with the government regulations. For instance, the British Contract Furnishing Association stipulates that the wooden furniture in hospitals should be wrapped with high excellence clear lacquer. The application of clear lacquer not only confirms durability but also embraces antimicrobial agents that prevents the growth of micro-organisms.

Additionally, with the increasing size and number of hospitals around the globe, their requirements have also transformed. For example, the new Queen Elizabeth Hospital in Birmingham, England involves four bedrooms with en-suite amenities and individual rooms for visitors or relatives accompanying the patients. Such aspects are ultimately projected to underwrite to global cabinet pulls market growth.

The Asia Pacific furniture market accounted great value of the overall revenue share in recent past years. This growth can be attributed to growing disposable income of the upper- and middle-class population. Additionally, rising demand for living room furniture followed by bedroom and kitchen and dining furniture is projected to drive the AV furniture market. This growth is propelled by booming real estate industry coupled with government-initiated the housing projects. Moreover, speedy urbanization coupled with growth of IT industry is predicted to positively impact requirement.

Europe is projected to expand at a great value of CAGR over the forecast duration ascribable to the growing tourism industry propelling hospitality sector, which is eventually generating the demand for luxury furniture. Europe is one of the foremost regions wherein the furniture export ratio is greater than imports. Italy, Germany, and France are the foremost countries in the industry due to concentrations of major key players.

Read Also –

Office and Home Furniture Market Share, Major Players, Sales

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Car Rental Industry Subscription Report After the Impact of Covid-19: Ken Research

 

The market has experienced significant growth due to technological advances that have helped companies capture a larger customer base with dedicated mobile apps designed to serve customers at their convenience. In the last few years, technological advancements keep transformed the industry: better customer and corporate information management and hassle-free internet booking applications are two of the biggest ways car rental companies can provide enhanced customer service. Since customers can now rent a car using their smartphones to carry out various tasks traditionally completed by computers, their experience has changed dramatically. 

The Market Research Subscription Services for Corporates is a good idea, even if it may prevent you from the most common research report budget raids and procurement traps. 

Global commuters are increasingly urging acquainted, reliable, and high-quality travel assistance on their travels., Some of the pivotal car rental operators are dabbing into this trend by expanding their brand and distribution platforms on a global level. Implementing an integrated global car rental system is expected to enable these operators to manage their geographically dispersed business operations. The evolution of 'leisure' is a new trend in the travel and tourism industry and is gaining popularity worldwide. This somewhat new term depicts a combination of leisure travel and business trip. Companies have adopted this trend to increase employee retention and relieve some major road warriors of stress. In addition, younger employees are often business travellers., This concept is especially useful on international trips where employees can get familiar with destinations, especially important business details. The rapid spread of COVID-19 significantly impacted the global tourism industry in 2020, influencing the car rental industry. Car rental operators follow hygiene and safety rules to prevent virus transmission, such as disinfecting their cars after every ride in light of the decline in air traffic worldwide. During the pandemic, important competitors in the market disposed of their older cars in greater volumes than usual to make these transactions a source of revenue.

The luxury cars, executive cars, economy cars, SUVs, and MUVs segment the market based on vehicle type. Economy cars held the largest market share in 2022 and are expected to remain in the lead over the forecast period. The compactness and affordability of these cars are among the key factors driving growth in this segment. As a result, economy cars are increasingly preferred for airport and intra-city travel. The growing number of business travellers worldwide, particularly in developing countries, is one factor that propels the segment's growth. These vehicles also offer a combination of premium features at an affordable price, which increases their popularity among corporate travellers. 

North America had the largest market share in 2022, with the U.S. being the largest market. The presence of some of the world's leading car rental companies in the region will provide lucrative growth opportunities. The region also features several popular tourist destinations that attract many travellers who require car rental services, thus fuelling the market growth. Over the forecast period, China and India are expected to grow exponentially. Government bans on car ownership in some parts of China to combat pollution and traffic are expected to encourage people to choose car rental services. 

The global rental market is moderately fragmented, with many international and local players. Key car rental operators will focus on expansion strategies to increase regional market share, increase brand recognition, and expand into developing markets., This group of players primarily focuses on expanding their services to increase profitability and build a larger customer base. Strategic partnerships are a third critical strategy used by market participants to further their position in the market. 

Our Car Rental Industry Subscription Report forecasts global, regional, and country revenue growth. It analyses the latest industry trends in each sub-segments from 2018 to 2028.

We have classified the global car rental market report by: -  

• Vehicle type- Luxury cars, Executive cars, SUVs, MUVs
• Application Outlook- Local usage, Airport transport
• Other regional Outlook- North America, Europe, Asia Pacific, South America, Middle East & Africa 

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Saudi Arabia E-Learning Market Is Driven By The Rising Government Initiatives To Reduce The Education Gap: Ken Research

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Market Overview

During the research period 2015-2020, the Saudi Arabia E-Learning market was seen to rise with a consistent growth trend. E-learning is a modern learning concept that uses digital tools and technologies to advance knowledge. By creating a stimulating environment for interaction among the participants, it encourages a positive exchange of knowledge. The e-learning sector has seen revenue growth in Saudi Arabia as a result of factors including increased smartphone penetration, increasing internet usage, technological advancements in e-learning, and an increase in distance learners.

Report Analysis

According to the research report, “Saudi Arabia E-Learning Market Outlook to 2025- Rising Initiatives by Government and Growing K-12 Enrollments to Boost E-Learning Market” states that the growing government spending on education to close the education gap is the main factor driving Saudi Arabia e-learning market. To encourage high-quality education, the Saudi Arabian government is supporting the use of online learning programs. In addition to this, other institutions are launching projects that are having a favorable effect on the market.

The Saudi Arabia E-Learning Industry is segmented into Content Services and Technology Services. Among these, the market for e-learning was found to be dominated by the market for content services. Users in the educational sector, where improvised and cutting-edge instructional content was supplied to improve the public sector education in the nation, demanded content services the most.

Content Services Market

By Product Category

The Content Services Market in terms of the product category is categorized into Multimedia, Open Courseware, and Online Teat & Assessment. The market for content services in Saudi Arabia was found to be dominated by multimedia products due to the growing popularity of digital platforms, which is facilitating and enhancing learning methodologies without being limited to a certain region.

By Type of Content Format

On the basis of the Type of Content Format, the Content Services Market constitutes Video, Audio, and Text formats. Due to the simplicity of understanding video content and the features of being self-explanatory to the learner, the video content format was seen to dominate the content services industry in Saudi Arabia.

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Technology Services Market

By Product Category

The Technology Services Market in terms of product category includes Learning Management System (LMS), Smart Classroom, and Smart Authoring Tools. Due to the rising demand for online courses, which facilitated the adoption of LMS by clients across many industries, it was found that the Learning Management System dominated the Saudi Arabian market for technology services.

By End Users of LMS

On the basis of LMS’s end users, it constitutes Higher Education, Corporate Sector, K-12 Schools, and others. Due to the government's increased emphasis on higher education in Saudi Arabia, the higher education end-user segment led the LMS market in that country.

Competitive Players

The Saudi Arabian E-Learning market was found to have fragmented competition and a significant number of content and technology firms. Among the leading businesses in Saudi Arabia's content market are New Horizon, K-12, Alwasaet, Bakkah, Udacity, Edx, Nafham, Noon, and others. Naseej, Innovito, Integrated Solutions for Business (ISB), Harf Information Technology, Smartway, Edutacs, Dolf Technologies, and others are some of the leading businesses in the technology sector. Price, technology, the number of courses, customized solutions, clients, partners, service portfolio, and others are some of the key competing factors.

Future Outlook

With the expansion of new entrants' businesses, the Saudi Arabian E-Learning industry is predicted to grow favorably during the forecasted period of 2025. COVID-19 is projected to have a beneficial impact on the Saudi Arabian e-learning market as a big number of people switch from traditional to online learning. Growth factors for e-learning services in Saudi Arabia include greater public knowledge of the services, the availability of a wide range of material, acceptance of e-learning in the business and government sectors, and others.

For More Information, refer to below link:-

Saudi Arabia E-Learning Market Competition

Related Reports

Egypt E-Learning Market Outlook to 2026- Driven by easy and on-demand access to content, self-paced learning opportunities and interactive & modular means of learning

Turkey E-Learning Technology and Content Market Outlook to 2023 - Growing Demand for M-Learning and Higher Use of Videos and Animation to Foster Market Growth

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Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249