Sunday, February 5, 2023

Cloud Services, Artificial Intelligence, and the introduction of 5G are increasing data consumption, which is driving the Data Center Market in Morocco: Ken Research

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Data Center Market in Morocco

1.  Morocco’s data center industry grew at a CAGR of 5.9% in 2022 owning to the deployment and promotion of technologies such as cloud, IoT, and big data

Morocco’s data center market growth

Morocco's data center business expanded in recent years as a result of increased customer demand and data use. The shift in consumer preferences toward social networking and online shopping has also increased the need for dependable data storage solutions. Additionally, big data, IoT, and cloud technology implementation and promotion are taking place in the nation. Inwi Data Center's fourth data centre debuted in 2019 and contributed significantly to the expansion of the nation's data centre market. There has been a noticeable growth in data quantities and bandwidth needs for organizations using technologies like cloud & ML.

2.  Increasing reliance on technology, rising investment to expand capacity, high reliability and digital transformation have been strong enablers for the growth in Morocco DC the market

Increasing reliance on technology, rising investment to expand capacity

The epidemic has expedited the use of digital technology in Morocco, where the government has implemented COVID-19 contact tracing applications, digital identity, and facial recognition software as control measures. Additionally, to guarantee availability and reliability, the data centers in Morocco use redundant and cutting-edge monitoring systems. It matters for mission-critical apps that have to be accessible constantly. As Africa's industrial heartland, Morocco is undergoing a digital transition. They are modernizing their government and fostering the long-term development of their new digital economy and society.

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3.  Hyperscale data centers, hybrid services, automation, and intelligent monitoring are some of the emerging technologies in the data center industry in Morocco

data center industry in Morocco.

A hyperscale data center is one that was created by or for a hyperscale firm in order to accommodate their demands. Morocco intends to open this because it lowers costs and decreases downtime. Also, to benefit from the best of both the public and private clouds, more and more businesses are using hybrid clouds. Additionally, service providers may maintain and manage vital data and resources using a hybrid cloud architecture. After the COVID-19 pandemic in 2019, the use of automated processes and remote management has increased. It uses fewer human resources and offers more productivity and efficiency.

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4.  Limited data storage, cost control, slow internet penetration, and cyber-attacks are a few of the challenges and bottlenecks in the Morocco data center market

Challenges in Morocco's Data Center Market

Due to poor internet speeds and limited internet adoption, Morocco lacks a sizable base of wealthy clients, which hampers the growth of the data center market. Even, the quality of the internet in Morocco is below par with the rest of the world. For instance, Morocco's "best" download speed is over 50% slower than the global average of 60Mbps when compared to the worldwide median speed. Moreover, the roll-out of data centers at scale in Morocco in 2020 has been significantly delayed, which has reduced the amount of available data storage space. In data centers, maintaining great efficiency while keeping costs down is incongruous. Morocco’s, data center administration calls for strict cost control in addition to ensuring the facility's effectiveness, creativity, and adaptability.

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Morocco Data Center Market

The Bahrain Catering Industry has grown steadily in the last five years due to the rising focus on healthier meals during the Covid-19 pandemic: Ken Research

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The Covid-19 pandemic posed challenges for the Bahrain Catering Market, but post-pandemic the industry is expected to bounce back as things go normal.

Bahrain Catering Market Overview: The Bahrain Catering Market is growing steadily and is currently at the growth stage due to the rising adoption of automated kitchen in catering services, surging focus on healthier meals and rising tourism in the nation. The Catering Market in Bahrain is highly fragmented with many players. The major parameters that these players focus on to stay ahead of their competitor is quality of food and brand reputation.

Impact of Covid-19 on the Bahrain Catering Industry: The COVID-19 pandemic had a negative impact on the Bahrain Catering Market in 2020. In order to curb the virus' exponential spread, the authorities instituted recurrent lockdowns and stringent mobility restrictions that prohibited individuals from utilizing public dining facilities. Due to the ban on public gatherings and the consequent postponement of events like weddings and business meetings, the catering industry suffered enormous financial losses. While 2021 displays a phase of slow market recovery for the top companies in the Bahrain Catering Market, the upcoming years hold lucrative potential.

Increased Demand for Healthier Meals: People across the country started paying greater attention to their health and inclined towards more nutritional and healthy food when Covid-19 affected their immune systems. The escalating demand for nutritious and healthy food in workplaces, schools, and restaurants, is encouraging the catering companies to increase their current product and service portfolio and supply nutritional dietary foods in offices, college messes, restaurants, etc.

Adoption of Automated Kitchen: Caterers have started to adopt automated kitchens. Caterers need to be able to handle large workloads with a demand for variety of products. The best way to achieve this is to fully automate with robots that can easily change tasks and adapt to different products. The biggest requirement for them is speed, with robots being able to change between tasks in seconds. Accuracy is also needed to guarantee quality, and safety is required to protect humans from harm. Robots are also the most cost-effective. These reasons have contributed to the increased adoption of automation in commercial kitchens.

Analysts at Ken Research in their latest publication Bahrain Catering Market Outlook to 2027F – By Type (Contractual and Non-Contractual), By End User (In-Flight, Oil & Gas, Hospitality, Healthcare, Education, Corporate and Others) observed that Bahrain Catering Market has shown considerable growth in the last five years. In the upcoming years, it is predicted to expand more rapidly due to rising adoption of automated kitchen in catering services, surging focus on healthier meals and rising tourism in the nation. The Catering Market in Bahrain is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Key Segments Covered in the report:-

By Type

Contractual

Non-Contractual

By End User

In-Flight

Oil & Gas

Hospitality

Healthcare

Education

Corporate

Others

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Key Target Audience

Government Bodies and Regulatory Authority

Fintech Companies

Investors and Financiers

Venture Capitalist

New Market Entrants

Banks and its Subsidiaries

Existing Catering Service Providers

Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Period: 2022P

Forecast Period: 2022P-2027F

Companies Covered:-

Promoseven Holdings

United Caterers and Contractors

Mohammed Jalal Catering

Foosco

Food City

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Key Topics Covered in the Report:-

Bahrain Catering Market Overview

Bahrain Catering Market Segmentation

Ecosystem of Bahrain Catering Market

Market Share of Major Players in Bahrain Catering Market

Industry Analysis of Bahrain Catering Market

Value Chain of Catering Market in Bahrain

Key Growth Drivers of Bahrain Catering Market

End User Analysis of Bahrain Catering Market

Key Challenges of Bahrain Catering Market

SWOT Analysis of Bahrain Catering Industry

Future Outlook of Bahrain Catering Market

Trends and Development of Bahrain Catering Market

For more insights on the market intelligence, refer to below link:-

Bahrain Catering Market

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Kuwait Catering Services Market Outlook to 2027F

China Catering Market Outlook 2027F

The Oman Mattress Industry has grown steadily in the last five years owing to the increasing urbanization and rising healthcare and hospitality sector: Ken Research

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The Mattress Market in Oman saw a steady growth in the period of 2017-2022, as there is an increase in disposable incomes and a rise in awareness about healthy lifestyles supported the market in recent years. COVID 19 pandemic also fueled the demand for the Oman Mattress Market.

Oman Mattress Market Overview: The Oman Mattress Market is currently at the growth stage owing to the increasing disposable income, increasing urbanization and a rise in awareness about healthy lifestyles. The market is moderately consolidated with some key players owning the majority of the market. In 2022, the amount of mattresses imported into Oman fell rapidly as compared to 2020. The United Arab Emirates, Saudi Arabia and Qatar were the main destinations of mattress exports from Oman, together accounting for a majority of total exports. The increase in accommodation facilities and the hospitality sector, as well as infrastructural development, are expected to drive the Oman Mattress Market.

Impact of Covid-19 on Oman Mattress Market: The COVID-19 pandemic positively impacted the Oman Mattress Market. Even though the pandemic caused a huge fall in international tourist arrivals and caused the halt in the tourism industry impacted hotels in 2020, the number of people confined to their homes had increased for an extended period which increased the demand for mattresses. People started from home and spending more time at home, and had to upgrade their sleeping arrangements; resulting in the growth of the Oman Mattress Market.

Innerspring Mattress dominates the Oman Mattress Market: Inner Spring Mattress accounted for the largest share of Oman Mattress Industry in 2021. This is because of its popularity among people due to its long-lasting nature. This is a result of its sound construction, which was made to provide the same level of comfort for many years. They are separated by a wide distance, which makes ventilation simple. This facilitates better sleep and prevents body heat build-up. Rising awareness about healthy lifestyle and increasing cases of lower back problems are helping the market grow, as these springs-made mattresses provide excellent comfort to the lower back problems.

Analysts at Ken Research in their latest publication Oman Mattress Market Outlook to 2027F – By Product Type (Innerspring Mattresses, Memory Foam Mattresses, Latex, Alternating Pressure, Gel and Hybrid), By Size (Single, Double, Queen-size and King-size), By End User (Residential and Commercial) observed that Oman Mattress Market showcased considerable growth in the last five years. In the upcoming years, it is predicted to expand more rapidly due to increasing disposable income, increasing urbanization and a rise in awareness about healthy lifestyles. The Mattress Market in Oman is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Key Segments Covered in the report:-

By Product Type

Innerspring

Memory Foam

Latex

Alternating Pressure

Gel

Hybrid

By Size

Single

Double

Queen-size

King-size

By End User

Household

Healthcare

Hospitality

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By Distribution Channel

Specialty Stores

Furniture Retailers

Owned Franchise Stores

Online

Others

Key Target Audience

Government Bodies and Regulatory Authority

Fintech Companies

Investors and Financiers

Venture Capitalist

New Market Entrants

Mattress Manufacturers

Commercial Users

Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Period: 2022P

Forecast Period: 2022P-2027F

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Companies Covered:-

IKEA

Sleep Ezze

Raha

Al Hosni Group International

JLH Mattress

Medical Mattress World

Amazon

Flipkart

Walmart

Key Topics Covered in the Report:-

Oman Mattress Market Overview

Oman Mattress Market Segmentation

Ecosystem of Oman Mattress Market

Market Share of Major Players in Oman Mattress Market

Industry Analysis of Oman Mattress Market

Value Chain of Mattress Market in Oman

Key Growth Drivers of Oman Mattress Market

End User Analysis of Oman Mattress Market

Key Challenges of Oman Mattress Market

SWOT Analysis of Oman Mattress Industry

Future Outlook of Oman Mattress Market

Trends and Development of Oman Mattress Market

For more insights on the market intelligence, refer to below link:-

Oman Mattress Market

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Nigeria Mattress Market Outlook to 2028F

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Saturday, February 4, 2023

The EV Charging equipment market is growing rapidly, owing to New Manufacturing Plants in the Kingdom and the Entry of new market players: Ken Research

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Driven by an increased focus on sustainability, and government initiatives, the EV Charging equipment market in KSA has ample growth potential in the coming years.

Manufacturing of EV charging equipment: KSA is one of the Middle East's fastest expanding economies, which allows the Kingdom to diversify and experiment when it comes to investing in new areas. It is an import-oriented market when it comes to the manufacturing of EV charging equipment. In 2022, there was a 0.0% contribution of KSA to the market share. To increase accessibility to charging infrastructure the Establishing standardized protocols for EVSE-grid communication are being followed.

ksa-ev-charging-equipment-market

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 Collaboration with International Brands: As of 2022, the EV charging equipment market has very few players operating in the country. As the market for electric vehicle charging equipment in KSA is at a very nascent stage most of the revenue generated is through direct sales and not via distribution as the supply chain still needs to develop. The market is extremely reliant on imports from other nations. Moreover, many major infrastructure companies have started investing in the e-mobility space in the region resulting in a major share of CPOs in the space. For, instance Al Sharif group launched ASX EV Solutions. Domestic players such as Electromin collaborate with international brands such as Siemens for increasing their service offerings in KSA.

Regulatory Framework for EV Charging activity: The technical evaluation of requests for the installation of EV chargers and connecting them to the grid is the responsibility of the distribution service provider. Owners and operators of EV charging stations/equipment must be completely knowledgeable of how the equipment works. In addition to this, before beginning device installation operations, it is necessary to consult with the distribution services provider. Furthermore, contractors that want to install charging stations or equipment for electric vehicles must establish qualifying procedures and submit them to the certification organization.

Lack of Repair & Maintenance Services and Number of Charging Stations: When compared to ICEVs, EV technology is very new, and the number of people skilled in the technology is rather small. Additionally, current EV owners encounter challenges owing to a lack of repair and maintenance services in the region, which discourages future purchasers. Moreover, there are currently few charging stations in KSA, which has a direct influence on EV sales in the region. As there is a scarcity of charging outlets, consumers are wary of purchasing any electric vehicle.

Analysts at Ken Research in their latest publication KSA EV Charging Equipment Market Outlook to 2027F Outlook to 2027F - Driven by Government Initiatives, Demand for Eco-friendly Transportation and Entry of New Brands in the market observed the potential of the EV Charging Equipment Market in KSA. New manufacturing plants in the kingdom, a growing economy, a high urban population, and empowerment of new energy resources along with government incentives are expected to contribute to the market growth over the forecast period. The KSA EV Charging Equipment Market is expected to grow at ~88% CAGR over the forecasted period 2022-2027F.

Key Segments Covered: -

 KSA EV Market Segmentations:

By Types of Vehicles:

  • Sedan
  • SUV
  • Small / Hatchback
  • Minivan
  • Heavy Trucks
  • Others

By Types of Battery:

  • Lithium-Ion
  • NiMH

By Types of Propulsion:

  • HEV
  • BEV
  • PHEV

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By Major Cities:

  • Riyadh
  • Jeddah
  • Dammam
  • Al Khobar
  • Rest of KSA

KSA EV Charging Equipment Market Segmentations:

By Types of Vehicles:

  • Passenger Vehicle
  • Commercial Vehicle

By Types of Chargers:

  • AC (Slow)
  • DC (Fast)

By Types of Connectors:

  • Type 2 (7 Pin)
  • Type 1 (5 Pin)
  • CHAdeMO
  • CCS

By Types of Ecosystems:

  • CPOs
  • Service Providers
  • Manufacturers

By Types of Sales Channels:

  • Direct Sales
  • Distribution

By Source of Manufacturing:

  • Import
  • Domestic

By Application:

  • Private Chargers
  • Public Chargers
  • Portable Chargers

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Key Target Audience

  • Electricity Supplier
  • EV Manufacturers
  • EV Charging Equipment Manufacturers
  • EV Charging System Operator
  • Demand side Transport Operators
  • Government Bodies

Time Period Captured in the Report:

  • Historical Year: 2021
  • Base Year: 2022
  • Forecast Period: 2022– 2027F

 Companies Covered:

EV Charging Equipment Companies

  • Electromin
  • ASX EV Solutions
  • Motevs
  • EVBox
  • WallBox Charger
  • Circontrol ALITCO
  • Siemens
  • ABB Ltd.
  • Schneider Electrics
  • Qabis
  • ESSCO
  • Abunayyan Trading
  • Altaaqa Alternative Solutions
  • Turning Point Energy
  • Zain

EV Companies

  • Ford
  • Toyota
  • Lucid
  • MG
  • Chevrolet
  • General Motors
  • Nissan
  • Hyundai
  • Volkswagen
  • Peugeot
  • Kia
  • BMW
  • Scania

Key Topics Covered in the Report

  • EV Market Overview in KSA
  • Ecosystem of Major Entities in the KSA
  • Government Initiatives and Regulations
  • KSA EV Market Sizing and Segmentations, 2022
  • Competition Framework EV Market in KSA
  • Future Plans of Major EV brands in KSA
  • KSA EV Charging Equipment Market Overview
  • Ecosystem of Entities Operating in EV Charging Equipment Market
  • Value Chain Analysis of EV Charging Equipment Market in KSA
  • KSA EV Charging Equipment Market Sizing Segmentations, 2022
  • SWOT Analysis of KSA EV Charging Equipment Market
  • Barriers in the Adoption of EVs in Saudi Arabia
  • Growth Drivers of KSA EV Charging Equipment Market
  • End User Analysis of EV Equipment Charging Market in KSA
  • Competition Framework for EV Charging Equipment Market
  • Pricing Analysis for EV and EV Charging Equipment Market in KSA
  • Future Market Sizing and Segmentation, 2027F
  • Future Market Trends for EV Charging in KSA
  • Market Opportunities and Analyst Recommendations

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

Future Outlook of EV Charging equipment market

Related Reports by Ken Research: -

UAE Electric Vehicle Charging Equipment Market Outlook to 2026

India EV Charging Equipment Market Outlook to FY'2026

France Car Finance Market Emerging Players, Revenue, Trends, Analysis: Ken Research

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Ecosystem of France Car Finance Market

The France Car Finance Market is moderately consolidated, with the top companies occupying major share. The major players in this market are Cetelem, Cofinoga, Floa Bank, Younited Credit, Carrefour Banque. France Car Finance Market is expanding as a result of increasing automotive sales, technological advancement, and also strategic partnerships and collaborations with other players.

Key Findings

  • Car financing penetration across banks has also improved in the last two quarters, with improved turnaround time and a decrease in the rejection rate of loans.
  • Car financing penetration across banks has also improved due to increased affordability of the vehicles, rise of NBFCs and captive players in the market.

France Car Finance Market

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Technological Advancement: In recent years, technological innovation has increased demand for the car financing business dramatically. The most notable technologies employed by financial institutions today to deliver the optimum automotive financial services to their clients are block chain, digital payment systems, and online/mobile banking. The number of individuals eager to use these services has progressively increased in recent years, as disposable money has increased among the general public. The traditional techniques of the automobile financing industry were complicated and time-consuming for the ordinary client. Manually processing the application used to take many days. However, because to digitalization, the identical process now takes only a few minutes. Therefore, the customer can easily avail of quick & hassle-free transactions.

Wide Scope of EV and Used Vehicles: Increased investment in the electric segment is also one of the major factors influencing demand for auto finance. Significant momentum in terms of volume sales is predicted with the existence of a supply chain network for used cars in the market. Furthermore, a considerable shift in people's transportation preferences, such as choosing for individual mobility with their own vehicle, is likely to fuel significant market growth.

Increasing Competition: Mounting rivalry in the automobile industry, which stresses operations, tight credit underwriting regulations, risk management, and other parts of the product that need to be redone, is one of the primary problems that may hamper the market's upward expansion.

Analysts at Ken Research in their latest publication "France Car Finance Market Outlook to 2027F" Driven by Growth in easy availability of credit and Rising Sales of vehicles in the Country. The introduction of new models, along with technological advancement in financing and implementation of favorable government rules & regulations is expected to contribute to the market growth over the forecast period. The France Car Finance Market is expected to grow at ~% CAGR over the forecasted period 2022-2027F.

Key Segments Covered in the report: -

        By New and Used Vehicle, 2022 and 2027

  • New Vehicle
  • Used Vehicle

By Type Vehicle, 2022 and 2027

  • Passenger Cars
  • Light Trucks

By Lender Category, 2022 and 2027

  • Banks
  • Captives and BHPH
  • Credit Unions
  • Private Finance Companies

By Risk Category between New and Used Vehicles, 2022 and 2027

  • Super Prime
  • Prime
  • Non-prime
  • Sub-prime
  • Deep Sub-rime

By Loan Tenure between New and Pre-Owned Motor Vehicles, 2022 and 2027

  • Less than 3 Years
  • Three Years
  • Four Years
  • Five Years
  • Six Years
  • Seven Years or more

Key Target Audience

  • Existing Auto Finance Companies
  • Banks
  • Captive Finance Companies
  • Credit Unions
  • Private Finance Companies
  • New Market Entrants
  • Government Organizations
  • Investors
  • Automobile Associations
  • Automobile OEMs

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Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Period: 2022
  • Forecast Period: 2023-2027F

Companies Covered:

Banks

  • Cetelem
  • Cofinoga
  • Floa Bank
  • Younited Credit
  • Carrefour Banque

Captives, Credit Unions and Finance Companies

  • PSA Banque France
  • Hyundai auto finance
  • BMW Group Financial Services
  • Nissan Motor Acceptance Corporation
  • GM Financial
  • Credit Acceptance

Key Topics Covered in the Report

  • Executive Summary
  • Research Methodology
  • France Vehicle Finance Market Evolution
  • France Vehicle Finance Market Overview and Genesis
  • France Vehicle Finance Market Ecosystem
  • France Vehicle Finance Market Value Chain Analysis
  • France Vehicle Finance Market Size
  • France Vehicle Finance Market Segmentation
  • Major Trends and Development in France Vehicle Finance Market
  • Regulatory Framework in the France Vehicle Finance Market
  • Snapshot on Digitization of Vehicle Finance in France
  • Customer Perspective in France Vehicle Finance Market
  • Competitive Landscape containing Company and Product Profiles in the France Vehicle Finance Market
  • France Vehicle Finance Market Future Outlook and Projections
  • Analyst Recommendations for the France Vehicle Finance Market
  • Products

For more insights on market intelligence, refer to the link below: -

Future Outlook of France Vehicle Finance Market

Related Reports by Ken Research: -

US Vehicle Finance Market Outlook to 2023

Indonesia Car Finance Market Outlook to 2024

India EV Charging Equipment Market Revenue is expected to grow at a CAGR of 25.2% from 2021 to 2026: Ken Research

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1. Charging infrastructure in India is currently quite underdeveloped but has huge potential in the near future owing to increasing EV deployment in the country.

EV Charging Infrastructure market1

EVs are slowly gaining acceptance, with fewer than 2% of vehicles in India being EVs. India's charging infrastructure is still extremely underdeveloped, with up to 26 EVs per charger accessible, compared to only 8 in China and 17 in the US. In India, there are 300 community charging stations, 22 of which are fast-charging points in 202. The India EV Charging Equipment Market, on the other hand, acquired substantial traction with the launch of the FAME India plan. The Department of Heavy Industry (DHI) also intended to incentivize 1,000+ charging stations with 6,000+ chargers, which would be the market's primary growth engine. The significant obstacles in the India EV Charging Equipment Market include a lack of space, infrastructure, and manpower for installation, as well as the high initial cost of charging equipment and installation.

2. India is expected to witness considerable growth in the EV Charging Infrastructure market owing to Strong government Push and Industry Initiatives.

EV Charging Infrastructure market2

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In recent years, there has been sustained and increased governmental intervention at the state and federal levels to facilitate the development of charging infrastructure. States have implemented fiscal and non-fiscal incentives, such as lower tariff rates for charger manufacturing and operation. Additionally, to encourage people to switch to electric vehicles, the government plans to install at least one EV charging kiosk at each of the country's 69,000 gas stations.

Moreover, there has been a rising trend of hotels, companies, or resorts setting up EV charging stations known as community charging stations at a radius of 40-70 km surrounding cities to set up conventional 15 Amp charge points for electric vehicles and electric bikes. The charging plaza is capable of charging 14 electric cars at the same time. Technically, a plaza has more than one charger with different types of power output for servicing different kinds of automobile models.

3. India’s EV Charging Equipment Market is expected to generate $~120 Mn owing to an increase in market penetration of EVs and a surge in government initiatives for the development of EV charging infrastructure.

EV Charging Infrastructure market3

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The India EV Charging Equipment Market is likely to create significant revenues as EV market penetration grows and government initiatives to improve EV charging infrastructure expands. The EV sector might contribute $~6 billion in the next five years with the correct government regulations, a local supply chain, decreasing battery prices, and broad charging infrastructure. Additionally, E-rickshaws, eAutos, and e2Ws are the most potential electrification categories in India, with over 4 million units predicted by 2025. Furthermore, the limited number of EV charging stations, the absence of EV charging standards, the surge in demand for luxury and feature-enhanced automobiles, and wireless charging for EVs will have a significant influence on the industry.

4. India’s infrastructural challenges are unique, and, hence, the best e-mobility practices identified in advanced international markets might not be effective or feasible to address India’s problems.

EV Charging Infrastructure market4

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Drivers in India expect a range of ~400 km from a single charge and expect a 35-minute average charge time, which is not feasible with the current battery technology installed in electric cars. Charge anxiety is about whether or not the EV will find a charging station in the first place. This is followed by the issue of trust. In addition to this, obtaining a reliable electricity connection for an EVSE installed at the EV charging station that is owned and operated by fleet operators is a concern. The cab aggregators/fleet operators operating in multiple states find it difficult when different tariffs for EV charging are charged in different states with many states declaring EV as a separate tariff category. The issue of an increase in peak load of the service areas will require more investment in network up-gradation and procurement of power which will not be profitable for DISCOMs in the long run.

Friday, February 3, 2023

Growth in the EdTech Sector and Government Initiatives to Promote Online Learning is driving the Indian EduFin industry forward: Ken Research

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1.  EduFin Industry has witnessed a Strong Growth Trajectory, which is backed by Funding from Prominent VC firms.

Indian EduFin industry1

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Over the last several decades, parents have been more reliant on loans to fund their children's education. The shift in thinking toward 'Study Now, Pay Later' has aided the nation's economy and accelerated the pace of digitization. Moreover, the Covid-19 epidemic has expedited the implementation of technology in India's education system, which has usually been sluggish. Learners in India have prioritized learning and upskilling in order to capitalize on possibilities. EduFin firms have been crucial in leveling the playing field by giving loans without collateral, genuinely empowering the young, particularly in Tier 2 and 3 cities where the loan disbursal process comprised cumbersome formalities that discouraged applicants from accessing the same.

2. Education loan segment has seen noticeable buzz in the past couple of years.

Education loan2

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Students and parents are increasingly favoring SNPL, zero-cost, and seamless pay-later solutions in the education finance market. In contrast to traditional choices, there is a rising number of unique customer-centric education finance programs. Additionally, PMVLK is a one-of-a-kind platform for students looking for education loans. It offers students a single-window electronic platform for information access and prepares applications for Educational Loans and Government Scholarships. This program seeks to include all banks that offer educational loans.

This government effort is anticipated to help students across the country by providing a single point of entry to various Educational Loan Schemes offered by all banks. Furthermore, in the last 18-24 months, a new crop of startups, digital lenders, and NBFCs have attempted to fill the void in the education finance space by offering flexible loans at low or zero interest rates, admissions, and career counseling support, and a ‘Study Now, Pay Later’ option - an extension of FinTech’s popular ‘Buy Now, Pay Later.

3. Impact of COVID-19 resulted in a shift in preference towards EdTech courses leading to a boost in the EduFin industry.

EdTech learning platforms in India3

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Several prominent EdTech learning platforms in India gave free trial access to their learning content at the start of the epidemic, resulting in a 103% increase in income in FY2021. Due to the closure of schools and physical coaching/test preparation centers, the user base, reach, and engagement on these learning platforms rose dramatically. Several major firms quickly expanded their product categories and capacities through organic and inorganic means.

Additionally, the National Education Policy 2020 (NEP) places an emphasis on technology and the development of e-courses. To encourage online learning in India, government programs such as SWAYAM and DIKSHA have been created. Furthermore, in FY'2021, EduFin firms saw a 114% increase in loan amount disbursal, with an emphasis on tie-ups with prominent EdTech organizations to build a strong hold on the sector. Due to the epidemic, EduFin players such as Eduvanz and Propelld imposed a halt on EMI payments for term loans/interest deferral. However, because of the increased acceptance of EdTech courses/platforms, Covid-19 has advanced the EduFin sector by at least 3-4 years.

4. EduFin Industry offers huge growth potential owing to the rapid adoption of the EdTech sector in India

EduFin market4

New entrepreneurs are set to enter the EduFin market, funded by debt funding from VC firms. Partnerships with EdTech firms are intended to strengthen the company's position in the market. In addition to this, the rise of FinTech businesses in the education sector will accelerate the country's digitalization by encouraging more individuals to pursue high-quality education. Despite the severe impact of the Covid-19 outbreak on the country's economy, the digital financial sector has expanded. While the epidemic has expedited the acceptance and use of digital financing, the delicate line between FinTech and banks is gradually blurring. Furthermore, many companies are in the process of launching their credit card for learners and students and aim to become the go-to financing solution for learners in all categories.

Global Printer Market Is Expected to Witness A CAGR Of ~6%: Ken Research

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What is the Size of Global Printer Industry?

Global Printer market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.

The Printer Market is largely driven by advancements in cloud-based printing services, new product launches, and an increase in the numbers of small and medium-sized enterprises.

The R&D investment in technologies like cloud-based printing, laser printing, and 3D Printing is likely to propel the market growth during the forecast period (2022­–2028). For Instance, In April 2021, HP Inc. launched its smartest printing solution called HP+ for small and medium-sized enterprises (SMEs). the HP+ is connected to a smart app and a cloud-based system i.e. users can virtually print from any location. HP+ offers high security with enhanced productivity and sustainability.

The adoption of digitization in Government offices, Banks and Educational Institutes (digitization is the process of converting any document into digital forms such as images, pdf, or Digi locker) acts as one of the major challenges faced by the Global Printer Market.

Furthermore, The COVID-19 pandemic affected the sales of commercial, educational institutes, and government office printers but residential printers have shown a rise in sales. This is due to the lockdown imposed by the government leading to the sudden closure of schools, offices, and government offices.

Global Printer Market

Global Printer Market by Printer Type

The Global Printer Market is segmented by Printer Type into Multi-Functional and Standalone.

The Multi-Functional Device (MFD) segment is expected to witness the fastest growth during the forecast period, owing to its ability to perform multiple tasks.

The Multi-Functional device (MFD) or Multi-Functional Printer is adopted over standalone due to its ability to perform a variety of other tasks rather than just printing such as photocopier, scanner, and fax machine.

Many small and medium-sized enterprises (SMEs) are now adopting MFD over standalone as it reduces the overall cost drastically.  Furthermore, manufacturing companies are now focusing on developing such multifunctional products.

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Global Printer Market by Technology

The Global Printer Market is segmented by Technology into Dot Matrix Printer, Inkjet Printer, LED Printer, Thermal Printer and Laser Printer.

The laser printer is expected to witness the fastest growth in the technology segment during the forecast period due to its high printing speed.

Laser printers perform at better speed as compared to other inkjet and LED printers because the laser beam in a laser printer can move fast which helps it to print at high speed.

Although laser printer is expensive as compared to inkjet printer their overall operational cost is significantly lower this is because laser printers melt the toner powder on the paper for printing purposes rather than using the costly cartridge that inkjet printer uses.

Global Printer Market by Interface

The Global Printer Market is segmented by Interface into Wired and Wireless.

The wired segment accounted for the major share in the interface segment in 2022 due to its less installation cost.

The wired segment accounts major share of the printer interface market as the installation cost of wired printers is significantly low as compared to wireless printers, as well as wired printers are much faster than wireless printers.

The wireless printer is less secure as compared to the wired printer, as an unauthorized user can use the printer if the Wi-Fi network is less secure.

Global Printer Market by Output Type

The Global Printer market is segmented by Output type into Color and Monochrome.

The monochrome segment held the largest market share in 2022 due to the low price of monochrome printing ink as compared to color ink.

Color printing ink is more expensive as compared to monochrome ink as during printing any color document the printer uses four-color cartridges at once, thus leading to the emptying of cartridges earlier.

While for monochrome, printing the printer uses a single cartridge at a time thus making it more efficient as compared to color ink.

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By Printer Type

  • Multi-Functional

  • Standalone

By Technology

  • Dot Matrix Printer

  • Inkjet Printer

  • LED Printer

  • Thermal Printer

  • Laser Printer

By Interface

  • Wired

  • Wireless

By Output Type

  • Color

  • Monochrome

By Application

  • Residential

  • Commercial

  • Educational Institutions

  • Enterprises

  • Government

  • Others

By Region

  • North America (USA, Canada, Mexico)

  • Europe (Germany, UK, Italy, France, Spain)

  • Asia Pacific (China, India, Japan, South Korea, Indonesia)

  • LAMEA (Latin America, Middle East, Africa)

Key Companies

  • Brother Industries Ltd.

  • Canon Inc.

  • HP Development Company, L.P

  • Konica Minolta Inc.

  • Kyocera Corp.

  • Lexmark International Inc.

  • Ricoh Co. Ltd.

  • Seiko Epson Corp.

  • Sharp Corp.

  • Xerox Corp.

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Global Printer Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research 

Future outlook of India Rapid IVD Kits Market: Ken Research

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1. The India Rapid IVD Kits Market is growing at a CAGR of ~113% (FY’2017-FY’2022), owing to a rise in awareness of Rapid IVD Tests due to the pandemic.

The Rapid IVD Kits Industry has emerged as an attractive player in India’s growing healthcare sector and is one of the fastest-growing service segments in the country.

India Rapid IVD Kits Market1

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The sector is largely driven by an increase in healthcare spending by the aging population, rising income levels, rising awareness for preventive testing, advanced healthcare diagnostic tests offerings, and central government’s healthcare measures. Moreover, India has increased budget allocation for the healthcare sector from ₹ 2.6 Lakh Crore in FY’2017 to ₹ 4.7 Lakh Crore in FY’20212 and ongoing healthcare development projects have played a pivotal role in the continued growth. Also, in 2022, the GOI announced ₹ 64,180 crore outlay for the healthcare sector over six years in the Union Budget 2021-22 to strengthen the existing ‘National Health Mission’.

2. With over 250 Mn Application Tests, Parasitology Rapid IVD Tests contributed 55.0% share to the India Rapid IVD Tests market in terms of number in FY’2022
India Rapid IVD Kits Market2

Parasitological test kits dominated the other tests by application in this segment due to the high parasitology disease prevalence across the country. Presently, the high prevalence of various chronic parasitology, Infectious and enteric diseases along with the increasing use of point-of-care (POC) diagnostics and rising awareness and acceptance of personalized medicine and companion diagnostic kits is driving the India Rapid IVD Kits Market. In addition to this, technological advancements in genomics, proteomics, and molecular pathology have helped introduce disease-specific biomarkers with potential clinical value. The integration of biomarkers and the availability of biomolecular tools are expected to help develop a new range of condition-specific tests, thus creating new opportunities for the IVD market.

3. Malaria Rapid Tests dominated the Parasitology Disease Rapid Tests sharing 80.0% out of the total number of Parasitology Test Kits supplied in India Rapid IVD Kits Market, FY’2022.

India Rapid IVD Kits Market3

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Malaria rapid test kits contributed a major chuck of share to this segment in terms of the total number of parasitology disease test kits supplied. Meanwhile, other rapid tests like Dengue rapid tests, Chikungunya rapid tests, and Leishmaniasis rapid tests occupy other parts of the pie. The segment is continuously growing as the government of India has taken several measures for the prevention and control of dengue, malaria, and other Parasitology diseases which includes providing technical guidelines for prevention and control, case management, and effective community participation to the states for implementation. Due to this, as many as 7.26 Lakh IgM tests kits and additional funds to states for procurement of NS1 kits had been provided by the Centre government in 2021.

Bahrain Catering Market is expected to grow at a robust CAGR, owing to the surging focus on healthier meals as well as rising number of tourists: Ken Research

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Bahrain Catering Market is now at the growing stage, owing to the rising adoption of automated kitchen in catering services, surging focus on healthier meals and rising tourism in the nation. The Catering Industry in Bahrain is a fragmented market with key players such as Promoseven Holdings, United Caterers and Contractors and Mohammed Jalal Catering etc.

  • Bahrain Catering Market was valued at USD ~ in 2021 and is projected to grow to USD ~ by 2027F, registering a CAGR of ~% during the forecast period (2022P-2027F).
  • Surging focus on having healthier meals after the Coivd-19 pandemic has been a major driver for the Bahrain Catering Market.

Rising Demand for Corporate Catering Services: The corporate sector places a high value on catering services because of their benefits, including hassle-free food arrangements, saving time and money, providing a variety of cuisines, and menu customization. Therefore, the demand for catering services has increased as a result of the business sector's rising infrastructure growth, such as building additional offices. Businesses are continually delivering Personalized menus and dining experiences to employees at discounted rates in an effort to recruit and retain the finest talent by improving employee satisfaction and morale, which is fueling the Bahrain Catering Market.

Growing Air Traffic: The demand for a larger plane has increased due to increased air traffic in Bahrain, increased visitor numbers as a result of famous tourist locations, and more corporate travel. Airlines are focusing on offering cutting-edge services through digitalization. In-app ordering and contactless payments are two of the newest developments in the market for in-flight dining services. As a result, airlines are expanding their fleet size to match the growing number of passengers, boosting demand for in-flight catering services.

Rapidly Growing Medical Sector: The hospital catering services play an essential part in the recovery of the patients admitted to the hospitals for a long or short span of time. Hence, the food for patients needs nutritional, and hygienic and should be delivered on time in order to help them recover faster. The majority of the hospitals provide healthy & nutritious food as per the illness & requirements of the patients, and the gravity of nutrition and hygiene has increased substantially after COVID-19. Therefore, the hospital food catering service has a high demand for managing the dietary plan for the patients.

Analysts at Ken Research in their latest publication Bahrain Catering Market Outlook to 2027F – By Type (Contractual and Non-Contractual), By End User (In-Flight, Oil & Gas, Hospitality, Healthcare, Education, Corporate and Others) observed that Bahrain Catering Market has shown considerable growth in the last five years. In the upcoming years, it is predicted to expand more rapidly due to rising adoption of automated kitchen in catering services, surging focus on healthier meals and rising tourism in the nation. The Catering Market in Bahrain is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.

Bahrain Catering Market

Key Segments Covered in the report:-

By Type

Contractual

Non-Contractual

By End User

In-Flight

Oil & Gas

Hospitality

Healthcare

Education

Corporate

Others

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Key Target Audience

Government Bodies and Regulatory Authority

Fintech Companies

Investors and Financiers

Venture Capitalist

New Market Entrants

Banks and its Subsidiaries

Existing Catering Service Providers

Time Period Captured in the Report:-

Historical Period: 2017-2022P

Base Period: 2022P

Forecast Period: 2022P-2027F

Companies Covered:-

Promoseven Holdings

United Caterers and Contractors

Mohammed Jalal Catering

Foosco

Food City

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Key Topics Covered in the Report:-

Bahrain Catering Market Overview

Bahrain Catering Market Segmentation

Ecosystem of Bahrain Catering Market

Market Share of Major Players in Bahrain Catering Market

Industry Analysis of Bahrain Catering Market

Value Chain of Catering Market in Bahrain

Key Growth Drivers of Bahrain Catering Market

End User Analysis of Bahrain Catering Market

Key Challenges of Bahrain Catering Market

SWOT Analysis of Bahrain Catering Industry

Future Outlook of Bahrain Catering Market

Trends and Development of Bahrain Catering Market

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Bahrain Catering Market

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