Future Outlook of UAE Cold Chain Market: Ken Research

 Key Findings

• Cold storage and cold transport markets contributed ~60% & 40% share respectively to the revenue of the cold chain industry in 2020. However, it is anticipated that the cold transportation market will contribute ~ 42% revenue share by the year ending 2025 owing to the rising demand for temperature-sensitive products in the country.
• Factors such as increase in number of refrigerated warehouses, growth in pharmaceutical sector and high demand for perishable products such as dairy, meat and seafood are expected to drive the growth of the cold chain logistics market in the country.
• Rafed, an Abu Dhabi-based healthcare procurement company, has partnered with Abu Dhabi Ports to establish the UAE’s largest cold storage facility for Covid vaccines. The state-of-the-art facility can store vaccines at temperatures ranging from 8 to -80° Celsius.

Government Initiatives:  Under the country’s economic diversification plans like UAE Vision 2021, Abu Dhabi Vision 2030 and Dubai’s Industrial Strategy 2030 aimed at reducing the economy’s dependence on Hydrocarbon exports, development of the logistics sector is held as an important strategic goal for sustained long term growth of the economy as UAE becomes a crucial trans-shipment hub for Europe-Asia-Africa trade. The Federal Competitiveness and Statistics Authority expect logistics to contribute 8% of the economy in 2021, rising from the levels of 5.4% in 2017. The UAE is avidly investing in development projects like the China-led global roads ways project “Modern Silk Route”, Etihad Railways which would function as a viable alternative to road cold transport in the Gulf region.

Rising Imports of Food Products and Pharmaceuticals: Due to country’s arid climatic conditions, around 80.0% of the food requirements of country are met through imports from countries such as Brazil, India, USA and others. The pharmaceutical sector has grown at a greater scale in UAE and also across the globe. Covid-19 is the major driving factor because of which the healthcare industry has been advancing at an alarming rate. Expansion of operations by pharmaceutical companies, the growth of medtech companies and localized research and development in healthcare are major factors that have led to the boom of healthcare sector in UAE. The imports of pharmaceutical products in UAE were USD 4.08 Billion during 2019 and the trade volumes grew from 33,000 tons during the first quarter in 2020 to 48,600 tons in 2021. Around 95% of the global pharmaceutical companies have presence in the UAE which provides logistics access to 43 countries worldwide.

Rising Prevalence of 3PL Companies: The market witnessed a strong demand for full-fledged integrated distribution centers that included logistics’ facilities, cold storage, dry storage and supporting retail facilities, as a result, demand for new-generation logistics facilities (built-to-suit) increased in the market and increase growth potential for 3PL companies that could handle stock distribution for companies with large and sophisticated supply chains. Currently, majority of the cold storage warehouses are concentrated in Dubai and Abu Dhabi, however it was witnessed that many 3PL companies were planning to expand their operations across other cities as well to exploit the rising opportunities in the sector.

Analysts at Ken Research in their latest publication “UAE Cold Chain Market Outlook to 2025 – The Cold Chain Market in UAE is Thriving with the Advent of Government’s Economic Diversification Plans Coupled with UAE’s Increasing Adoption of Technology and Automation“ believe that the Cold Chain market in UAE is expected to grow due to growth in the demand for food items, increase in manufacturing activity in the pharmaceutical industry and government initiatives to improve the logistics infrastructure in the country. The market is expected to register a positive CAGR of 7.3% in terms of revenue during the forecasted period 2020-2025F.

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Key Segments Covered

By Type of Market

Cold Storage

By Temperature

• Ambient
• Chilled
• Frozen

By Ownership

• Integrated
• Contract

By End-User Application

• Meat and Seafood
• Dairy Products
• Pharmaceuticals
• Vegetables and Fruits
• Others

By Major Emirates

• Dubai
• Abu Dhabi
• Sharjah
• Others

By Major Areas

• JAFZA
• DIP
• DIC
• Al Aweer
• Others

Cold Transport

By Mode of Freight

• Land
• Sea
• Air

By Type of Freight

• Domestic
• International

By Contract and Integrated Logistics

• Integrated
• Contract

By End-User Application

• Meat and Seafood
• Dairy Products
• Pharmaceuticals
• Vegetables and Fruits
• Othe

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Key Target Audience

• Cold Chain Companies
• Logistics Companies
• Government Associations
• Express Logistics Companies
• Industry Associations
• Warehousing Companies
• E-Commerce Operations
• Investors and Private Equity Companies
• Logistics Companies
• Dairy Companies
• Meat and Seafood Companies
• Fruits and Vegetables Companies
• Pharmaceutical Companies

Time Period Captured in the Report

• Historical Period: 2015-2020
• Forecast Period: 2020-2025F

Companies Covered

• GAC
• GSL
• Mohebi
• CEVA
• RHS
• Hellmann
• DB Schenker
• Khalidia Shipping
• Kuehne and Nagel
• Agility
• Al Futtaim
• DSV Panalpina
• Triburg
• RSA Cold Chain
• Sharjah cold stores
• Bhatia Brothers
• Tameem logistics

Key Topics Covered in the Report

• UAE Cold Chain Market Overview
• Infrastructure Analysis
• Existing and Emerging Technologies
• UAE Cold Chain Market Value Chain
• UAE Cold Chain Market Size by Revenue, 2015-2020
• UAE Cold Chain Market Segmentation and Segment Future, 2020-2025F
• End User Industry Analysis And Future Growth Potential
• UAE Cold Chain Market Competitive Landscape
• UAE Cold Chain Market Company Profiles of Major Players
• Regulatory Environment
• Industry Trends and Developments
• Industry Issues and Challenges
• Analyst Recommendation
• UAE Cold Chain Market Future Outlook and Projections, 2020-2025F
• UAE Cold Chain Market Analyst Recommendations

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

UAE Cold Chain Market

Related Reports by Ken Research: –

Competition Benchmarking of Top Logistics Players in UAE in Transportation, Warehousing, 3PL, International Express, Domestic Express, Automotive, Pharma, Oil and Gas and Retail Logistics

UAE E-Commerce Logistics Market Outlook to 2025

In the age of expanding e-commerce and cloud computing, the Philippines data center industry is experiencing rapid expansion: Ken Research

 1. Philippines Data Center Market is being driven by internet users and booming industrial real estate portfolio.

Co-locators of data centers and investors are more than ready to welcome data centers in the Philippines. Philippines offers enough of available land for the development of data centers and a thriving industrial real estate portfolio. Additionally, as a result of the pandemic shift, regional demand for data centers is rising tremendously, especially as smart city trends, e-commerce, cashless transactions, the use of cloud technology, and the desire for faster internet all gain traction. Another factor driving the expansion of data centers in the Philippines is cybersecurity worries. As more and more data are generated, there is an increasing requirement for data to be securely stored. Another benefit is that there are 76 Mn internet users in the nation who log on a daily basis for an average of more than ten hours. The country's data usage now has a strong foundation thanks to this.

2. Inadequate power infrastructure, high power costs, and a lack of suitable properties are just a few of the obstacles the Philippines data center market must overcome.

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According to the Philippine Department of Energy (DOE), electricity in the Philippines averages $0.15/kWh as of June 2021. While the capital region is the most preferred location for data center operators, there is a constraint in available supply. Apart from this, most office space is built for traditional and BPO occupiers. Meanwhile, most existing warehouse & industrial property is geared to manufacturing and logistics firms, making redevelopment costly. Furthermore, to make things more challenging the country’s median broadband speed of 60 Mbps is still slower compared to other SEA countries. Improving internet connectivity will be crucial in boosting the Philippines viability as a data center hub.

3. In the upcoming years, demand is projected to increase due to government initiatives, the emergence of new business models, and advancements in 5G and 6G technology.

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The Philippine government has planned to serve as a significant demand source for data. The government’s Cloud First policy promotes cloud computing as the preferred technology to manage and deliver government services. The said policy covers the executive branch of the national government, GOCCs, state universities and colleges, LGUs and vendors servicing the government, while the Congress, Judiciary, independent constitutional commissions, and the Office of the Ombudsman are all encouraged to adopt it. With that new business models are likely to emerge including colocation services, pay-per-use utility model, built to suit, etc. Additionally, the 5G and 6G technology will also push the adoption of IOT-enabled products in the Philippines market. The market for big data and IOT is still in the nascent stage of growth.

Leading Players in KSA EV Charging Equipment Sector — Ken Research

 The KSA EV Charging Equipment market is expanding as a result of the rise in the number of EVs in the region, and government initiatives to support the EV infrastructure in the country. The KSA EV Charging Equipment market is a highly consolidated market with EV Box and Electromin having a major share of the market. Market players such as ABB AND CirControl are positioned as challengers and offer affordable charging equipments in the EV charging market.

• The adoption of EVs is expected to increase as the KSA government is looking out for more sustainable options to reduce carbon emissions in the region.
• The government of KSA plans on diversifying the revenue stream by making way for Electric Vehicles.
• The region imports the charging equipment from other countries. Currently, there are no manufacturing plants in KSA.

Growth of Commercial Vehicles in the Region: The EV charging equipment market in KSA is expected to generate a revenue of SAR 4.8 Mn by 2027 as the market is expected to progress due to a rise in the number of electric vehicles and increased investment in charging infrastructure, looks promising in terms of growth in the region. Additionally, logistic companies worldwide are under continuous pressure to reduce their carbon footprint and bring in more eco-friendly solutions, which is expected to add to the growth of commercial vehicles in the region.

KSA Vision 2030: Many private players are setting up charging stations on their own premises such as workstations, malls, petrol pumps, and so on. This is expected to fuel the growth of private chargers in the region; however, the demand for public and portable chargers is expected to increase once the number of EVs rises in the region. In addition to this, the government has high ambitions to increase the number of EVs in the region under Vision 2030. By 2030, the Kingdom of Saudi Arabia intends for 30% of automobiles on Riyadh's roadways to be electric. Moreover, new brands entering the market along with new manufacturing projects in the region are expected to be major catalysts of growth in the Kingdom.

Advantages of EVs: Buying an EV costs more than buying an ICE. However, the operational expenditures of an ICE car for gasoline and maintenance are higher than those of an EV. The mass manufacture of batteries, as well as potential tax breaks, will further reduce the cost, making it much more cost-effective. Moreover, because an electric engine produces rapid torque, electric cars accelerate and decelerate smoothly and quickly. In addition, electric vehicles have a low center of gravity, which enhances handling, responsiveness, and ride comfort. Furthermore, electric vehicles reduce noise pollution since they are significantly quieter.

Analysts at Ken Research in their latest publication “KSA EV Charging Equipment Market 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

By Major Cities

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

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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

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By Application

• Private Chargers
• Public Chargers
• Portable Chargers

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

KSA 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

Indonesia Electric Vehicle Charging Equipment Market Outlook to 2026

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Indonesia Corporate Training Market Outlook to 2027F: Ken Research

 Indonesia Corporate Training Market is at growing stage and has moderately fragmented market with more than 50 players in market. Cognitel and PwC are the top players in the market. Players are competing against each other on the basis of price, post training support, brand value, clientele, trainer’s qualifications, customizations and value-added services.

• The demand for corporate training service is growing in Indonesia due to the increasing need for companies to upskill and reskill their employees in order to stay competitive in the changing business landscape.

• Government policies and investment has also fueled the growth in the Indonesia corporate training market. For instance, government programs like Vocational Training and Employment Program aimed at improving the quality of workforce by providing skilled training & opportunities to workers.

• Increasing use of technology will also boost the market, with latest device and mobile learning are some of the next generation technologies which will help the Indonesia Corporate Training Market to grow.

Increasing Technological Advancement: The rapid adoption of new technologies has created a need for employees to constantly update their skills to remain relevant in the workplace. For example, with the increasing use of digital technologies, companies are providing training programs on digital marketing, data analytics, and cloud computing to help employees acquire the necessary skills to perform their jobs effectively. This has led to a growing demand for technology-focused corporate training programs, particularly in the IT and digital industries. The use of technology in the delivery of training programs, such as online and virtual training, has also increased, making training more accessible and convenient for employees. The growth of technology-related industries and the need for a skilled workforce are expected to drive the continued growth of the corporate training market in Indonesia.

Favorable Government Policies: Government has launched several Policies which helps in developing the skills of the country’s workforce and support the development of the country’s human capital. For Instance, the Ministry of Manpower provides financial incentives for companies that invest in employee training, including tax break and subsidies for training program. The government also support the development of vocational training program and provides funding for the construction of training center and the purchase of the training equipment. These policies will help to drive the growth in the Indonesian corporate training market.

Increasing influx of Foreign Investment: Indonesia continues to attract foreign investment; companies are seeking to improve their competitiveness and efficiency to meet the demands of the global marketplace. This has led to an increase in demand for training programs to help employees acquire new skills and knowledge, and to improve their overall performance. For example, the establishment of a joint venture between a US-based multinational corporation and an Indonesian training company has attracted an investment of $10 million from the US-based Corporation and has been established to provide high-quality corporate training programs to companies and employees in Indonesia. The joint venture offers a wide range of training programs, from technical skills training to leadership development, and uses the latest technology and instructional design methods to deliver high-quality training.

Analysts at Ken Research in their latest publication “Indonesia Corporate Training Market Outlook to 2027F- Segmented by industrial vertical (IT, Telecom, BFSI, FMCG, Automotive, Manufacturing and Healthcare), by deployment (On-Site and Off-Site), by designation of employee (managerial, non-managerial and integrated), by mode of learning (instructor led classroom only, blended learning, virtual classroom, online or computer-based methods and mobile and social learning” observed that Corporate Training Market in Indonesia is at growing stage. The AI based learning, cost-effective e-learning training, mobile-based training and the emergence of IoT along with government initiatives are expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.

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Key Segments Covered in the report:

Indonesia Corporate Training Market

By Industry Verticals

• IT/ITES
• Telecom
• BFSI
• FMCG/Retail
• Automobile
• Manufacturing
• Healthcare

By Types Of Training Services

• Technical
• Leadership
• Managerial
• Sales
• Customer Management
• Quality Training
• Technical Training
• Soft Skills
• Brand Training

By Deployment

• On-Site
• Off-Site

By Designation Of Employee

• Managerial
• Non-Managerial
• Integrated

By Mode Of Learning

• Instructor Led Classroom Only
• Blended Learning
• Virtual Classroom
• Online or Computer Based Methods
• Mobile and Social Learning

Key Target Audience:

• Corporate Training Companies
• Ed-tech Companies
• Self-Based Learning Platforms Companies
• Freelance Trainers
• Industry/Corporate Coach
• Contractual Professional Trainers
• Industry Veterans
• IT Solutions and Support Companies
• Top UG/PG Private Universities
• Retired Experienced Faculties

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Time Period Captured in the Report:

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

Companies Covered:

• Cognitel
• Maverick
• Dale Carnegie Training
• Deloitte Academy
• Briktru
• PwC Academy

Key Topics Covered in the Report:

• Indonesia Corporate Training Market Overview
• Supply Scenario & Decision-Making Parameters
• Business and Investment Models Indonesia Corporate Training Market
• Indonesia Corporate Training Market Size
• Indonesia Corporate Training Market Segmentation
• SWOT Analysis and Issues of Indonesia Corporate Training Market
• Porters Five Forces Analysis and Growth Driver in Indonesia Corporate Training Market
• Competition Landscape in Indonesia Corporate Training Market
• Analyst Recommendations

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

Indonesia Corporate Training Market

Related Reports by Ken Research: –

India Corporate Training Market Outlook to 2027

India Executive Education Market Outlook to FY’2027

Global Corporate Training, Lifelong Learning and Credentialing Market

Startup Companies of Payment Service Market In India — Ken Research

 1. The Digital Payment Industry is flourishing with the increased demand for cashless transactions due to Covid-19.

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The India Payment Service Market is expected to grow owing to multiple factors such as the launch of new and innovative payment products and increase demand for cashless transaction due to Covid19. The pandemic has also accelerated the shift from “physical” to “virtual” banking. The Indian landscape for the payment services market has seen a period of upheaval during recent times, with newer trends being fuelled by the Covid-19 pandemic and a drastic shift in the consumer behaviour on the national and international scale.

2. Innovative payment products by the payment companies, the rising need for faster payment modes, and Government regulators are major factors in the growth in digital payments.

During the COVID-19 pandemic, cash transactions decreased at this time. However, the nation was already moving toward a cashless culture before the outbreak, and the pandemic only accelerated the trend. Due to rapid advancement in the shift to digital medium of transaction, the industry is expected to grow at an exorbitant pace. Technological advancement in the form of AI, IoT, catboats and augmented reality are changing the digital shopping experience for consumers. With greater emphasis on in-store digital payments leading to a hybrid retailing structure, consumers are trying to utilize these platforms to make their shopping experience convenient and less time consuming. Mobile-wallets were also witnessed to change the country’s digital payments landscape which in turn has increased the proportion of m-wallet bill payments.

3. UPI transactions grew at a robust CAGR  by volume and value in the past five years, from FY17 to FY22. 

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Market cap on UPI Transactions by third party players, Increase in merchant transaction limit and removal of PSP fees are the major government initiatives aims to promote payments digitally. UPI offered one of the safest payment modes for person-to-person (P2P) and P2M transfers and outstripped all other payment platforms during the pandemic. In 2022, NPCI launched UPI123Pay, allowing feature phone users to use the UPI platform via Interactive Voice Response (IVR). UPI123Pay’s launch points toward the further adoption of digital transactions in the countryside, where most citizens still do not own smartphones.

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

India Payment Service Industry

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Demand of India Smart Water Management Market — Ken Research

 1. The India Smart Water Management Market has grown exponentially in the last five years.

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The India Smart Water Management Industry has grown at a CAGR of 70.9% in the last five years. Ageing water infrastructure and pressure of population growth, growing water scarcity and need for more optimal allocation, government investments and increasing awareness towards water savings are the main growth drivers for this industry. The Government of India has launched projects such as National Hydrology Project and Jal Jeevan Mission, which has been boosting the growth of the Smart Water Management Market in India.

2. Governmental Projects dominate the India Smart Water Management Industry.

Governmental projects occupy 90% of revenue share of the India Smart Water Management Market. This is because of their project sizes. All these projects are taken up by EPC companies as current smart water utility providing startups do not take governmental projects and only engage in residential and commercial projects. Companies such as Xylem, Itron, Honeywell take on specific water management projects from bigger EPC companies like L&T. For these government-commissioned projects, the revenue channel for the utility providers constitutes the margin apportioned by the EPC companies as per the supply of smart water devices and software solutions.

3. The Northern and Central regions dominate the India Smart Water Management Market.

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Northern region dominates the market for Smart Water Management in India at USD ~8.4 Bn in 2022P, closely followed by the Central region at USD ~8.2 Bn. Government projects surrounding water distribution have been majorly implemented in Northern and Central states currently, while residential projects are concentrated in southern cities like Bangalore which have already seen effective results, reducing water intake by around 20%. The Eastern region has been slower in adoption of smart water management systems, reaching only around USD 0.7 Bn of the revenues in 2022P.

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

India Smart Water Management Market

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KSA is about to witness a BNPL wave which is already a USD 2 Billion reality. Explore the key trends supporting the market growth: Ken Research

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• Online mode of payment will continue to dominate the BNPL industry in KSA due to Sharia compliance which promotes digital payments when compared to offline mode.
• Covid-19 pandemic lead to substantial growth in the e-commerce industry, with 2.5 times faster than growth before the pandemic, leading to increasing online transactions in KSA.
• Increasing demand for extra credit line with less stringent KYC procedures without relying on CIBIL scores will be traction for consumers for utilization of BNPL services.

Surging Consumer base: With increasing participation from fintech companies in BNPL ground, its user base is making equally big strides. A major chunk of Saudi Arabian consumers has used BNPL payment methods such as Tamara in 2021 when compared to previous years, with more customers exploring the BNPL services. In just one year, the Middle East region has witnessed an upsurge in the number of companies offering BNPL solutions.

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Growing Retailers: With the diminishing Covid-19 impact, the return of the offline shopping mode is being witnessed. BNPL players are not going to let the opportunity pass by. They have already started collaborating with leading retailers to offer BNPL at physical stores at checkout points as a point-of-sale financing tool. The growing e-commerce market has pushed retailers to go for a different mode of user-friendly payment mechanisms.

Expanding Partnerships:  BNPL entities are making their mark by creating value for merchants and offering straightforward financial products to customers. BNPL giant Tamara works with global retail leaders like Adidas, IKEA, L’Occitane, as well as top regional brands like Namshi, Abyat, Faces, Niceone, and, across the GCC. In just one year, the Middle East region has witnessed an upsurge in the number of companies offering BNPL solutions.

Moving to easy cashless credit:  Increasing adoption of a cashless society with the emergence of digital payments fueled by surging working age class will derive the traction of the BNPL industry among the users in KSA. The increasing demand for extra credit line with less stringent KYC procedures without relying on CIBIL scores will be traction for consumers for utilization of BNPL services.

The Report “KSA Buy Now Pay Later Market Outlook to 2027- Driven by digitalization, government support as a part of Saudi vision 2030 increasing Genz & millennials population due to influx of expatriates coupled with shifting preference towards easy interest free extra credit line sources” by Ken Research provides a comprehensive analysis of the potential Buy Now Pay Later industry in Saudi Arabia. People shifting from credit cards to BNPL as unlike credit cards, BNPL companies provide easy credit checks which are solely not based upon the CIBIL score, hence providing easy access to the services. Buy Now Pay Later Market in KSA recorded a positive CAGR on the basis of revenue generated in between 2022P and 2027E.

Key Segments Covered:-

KSA BNPL Market

By mode of payment

• Online
• Offline

By end user

• Ecommerce Giant
• Physical Retailers
• Travel and entertainment Merchants
• Food Merchants

By age group

• Below 24
• 24-36
• 36-50
• Above 50

Key Target Audience:-

• Fintech Companies
• BNPL players
• Retail merchants and chains
• Government and regulatory bodies
• New entrants in the BNPL space
• Associated or affiliated Banks with Insurance entities

Time Period Captured in the Report:-

• Historical Year: 2019-2021
• Base Year: 2022
• Forecast Period: 2023– 2027F

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Companies Covered:-

• Tabby
• Spotii
• Tamara
• Cashew
• PostPay

Key Topics Covered in the Report:-

• BNPL Industry positioning
• Socio demographic Outlook of Saudi Arabia
• Presence of Global BNPL Players
• Trends of BPNL Industry
• Market size of BPNL
• BNPL transaction process
• Key Features and developments in KSA BPNL
• SWOT Analysis of KSA BNPL
• Issues and Challenges in KSA BNPL
• Investment Analysis of players in BNPL Space
• Role of Government and regulations in KSA BNPL
• Porter’s Five force Analysis in KSA BPNL
• Future Market Size of BNPL in KSA

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

KSA Buy Now Pay Later Market

Related Reports by Ken Research:-

UAE Buy Now Pay Later Industry Outlook to 2027

Malaysia Buy Now Pay Later Market Outlook to 2027F

South Africa Buy Now Pay Later Market Outlook to 2027F

Emerging Players in UAE Diabetes Care Services Market — Ken Research

 UAE Diabetes Care Services Market Ecosystem

UAE Diabetes Care Services Market is Highly Fragmented with three major players acquiring more than half of the total market share as there are only a few specialized diabetes clinics or hospitals in the country. UAE Diabetes Care Services Market is expected to grow at a CAGR of 6.1% by FY’27F owing to increasing diabetes cases and Government initiatives to improve the economy. The major players in the UAE Diabetes Care Services market are Imperial College London Diabetes Centre, Glucare Health, Mediclinic Middle East, etc.

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• UAE Diabetes Clinics Market is anticipated to witness significant growth due to the improvements in existing services along with introduction of new improved technologies and increased privatization of health care sector.
• Rising health consciousness among the population, along with increased spending on health, is expected to contribute to the market growth over the forecast period.
• Major services provided by UAE Diabetes Health Care players are Endocrinology, antenatal/gestational and juvenile diabetes care, nutritional advice, and radiology.

Favourable Government Initiatives: The UAE’s Vision 2030 strategy aims to reduce the prevalence of life style diseases such as obesity and diabetes among the population and to invest in world class health infrastructure facilities in UAE, for instance UAE government has allocated AED ~5 Bn to healthcare and community protection in the federal budget for 2022-2026 which will help in developing a tech-enabled healthcare ecosystem for diabetes care. The Abu Dhabi and Dubai are among the most affluent regions in terms of infrastructure and spending capacity. Therefore, they are the major hub of private hospitals and clinics. Furthermore, many government healthcare policies like Dubai Medical Insurance Law, which is mandated by DHA, provides a coverage of AED ~ per person per annum which results more frequently visits to diabetes clinic than those in other regions. Other policies like the 'Thiqa' programme, in which the Abu Dhabi Government provides full medical coverage, the “Saada” is a health insurance programme for the citizens in the emirate of Dubai. It provides insurance coverage to citizens who do not currently benefit from any government health programme in the emirate of Dubai etc is likely to fuel the growth in the diabetes care services market in UAE.

Increase in Diabetes patients: With the growing unhealthy lifestyle patterns of the people, the number of diabetes patients is increasing in the UAE, thus increasing the demand for specialized tertiary care services in UAE. Furthermore, many government initiatives like Diabetes Screening Initiative launched in 2021 has addressed the critical areas of diabetes management and has also led to an influx of many patients in the hospitals for health care services.

Rising Technological Advancement: Technological Advancement like Emergence of digital therapeutics by UAE diabetes clinics such as Glucare helps in constant monitoring of patient symptoms and lifestyle. Telemedicine facilities which are provided by Sheba clinic, Glucare, Northwest clinic, etc are also more efficient and also reduces the cost. Furthermore, New insulin pumps, infusion devices, continuous glucose monitors (CGM) and smartphone apps are also expected to contribute in the growth of Diabetes care services market in UAE.

Analysts at Ken Research in their latest publication “UAE Diabetes Care Service Market Outlook to 2027F - Driven by Rising Diabetes Cases and Increasing Privatization in the Healthcare sector” by Ken Research observed that UAE Diabetes Care Services market is in the growing phase, growing at CAGR of 5.9% between FY’17-FY’22P owning to the favorable government Initiatives, increase in diabetes patient and rising technological advancement. It is expected that UAE Diabetes Care Services market will continue to grow, at a CAGR of 6.1% for the FY’22P- FY’27F forecasted period.

Key Segments Covered

UAE Diabetes Care Services Market:

• By Types of Services, FY’2022P & FY’2027F:
• Injectables
• Oral Drugs
• Combination
• Lifestyle Changes
• By Type of Requirement, FY’2022P & FY’2027F:
• Tertiary Care
• Secondary Care
• Primary Care
• By Revenue Division, FY’2022P & FY’2027F:
• Domestic
• International
• By End-User, FY’2022p & FY’2027F:
• Diabetes Clinics
• Hospitals
• By Diabetes Clinics, FY’2022P & FY’2027F:
• Organized
• Unorganized

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Key Target Audience

• Hospitals
• Diabetic Care Service Provider
• Diabetic Care Equipment Distributer
• Diabetic Care Equipment Manufacturer
• Clinics
• Market Research and Consulting Firms
• Healthcare Companies
• Pharmaceutical Companies
• Tourism Agencies
• Government Bodies & Regulating Authorities
• New Entrants

Time Period Captured in the Report:

• Historical Period: FY’17- FY’22P
• Base Year: FY’22P
• Forecast Period: FY’22P – FY’27F

Companies Covered:

• Imperial College London Diabetes Centre
• Glucare Health
• Mediclinic Middle East
• Cleveland Clinic
• NMC Healthcare

Key Topics Covered in the Report:

• Executive Summary of UAE Diabetes Care Services Market
• Market Size of UAE Diabetes Care Services Market
• Market Segmentation of UAE Diabetes Care Services Market
• SWOT Analysis of UAE Diabetes Care Services Market
• Trends and Developments in UAE Diabetes Care Services Market
• Factors considered by Hospitals and clinics for Treatment
• Regulatory Bodies of UAE Diabetes Care Services Market
• Overview of Emirates Diabetes Endocrine Society
• Challenges and restrains in UAE Diabetes Care Services Market
• End User Analysis of UAE Diabetes Care Services Market
• Competitive Analysis of UAE Diabetes Care Services Market (Inception, USP, Insurance Partner, No of Clinics, Clinics by region, est. revenue, no of doctors, no of employees, no of walk-in per day per clinic, major treatment offered)
• Future Outlook of UAE Diabetes Care Services Market
• Covid Analysis of UAE Diabetes Care Services Market
• Analyst Recommendations

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

UAE Diabetes Care Services Market

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Future Outlook of Indonesia Corporate Training Market: Ken Research

Focus on investment on digitalization, favorable Government Policies and technological developments are major factor contributing towards development of Corporate Training Market in Indonesia

Economic Growth: The Indonesian economy has been growing at a steady pace, and this has been a significant driver of growth in the Indonesian corporate training market. Economic growth has led to an increase in demand for skilled workers, which in turn, has increased the need for corporate training program. According to data from World Bank, Indonesia’s GDP has been growing at an average rate of over 5-6% over the past few years, which is higher than the average growth rate in Southeast Asia. This grow has led to an increase in the number of businesses and job opportunity, which has further boosted the corporate training market in Indonesia.

Rising Awareness of the Benefits of Corporate Training: Companies are becoming increasingly aware of the benefits of investing in employee training, such as improved job performance, increased productivity and higher job satisfaction. For example, research has shown that employees who receive training are more likely to perform their job better and have higher levels of job satisfaction. According to a survey conducted by American Society for training and Development, company that invest in employee training experience a 24% increase in profit margin compared to companies that do not invest in training.

Demographic Changes:   One of the key drivers in Indonesia Corporate training market is the increasing number of young people entering the workforce. According to the data from the World Bank, Indonesia has a young and rapidly growing workforce, with over 60% of the population under the age of 35. This has created a demand for training programs to equip young workers with the skills they need to succeed on the modern workplace. In addition, the increasing level of education among young people has also contributed to the growth of the Indonesian corporate training market, as more young people complete their education and enter the workforce. People are seeking opportunities to develop their skills and careers, and companies are investing in training program to meet the growing demand.

Analysts at Ken Research in their latest publication “Indonesia Corporate Training Market Outlook to 2027F- Segmented by industrial vertical (IT, Telecom, BFSI, FMCG, Automotive, Manufacturing and Healthcare), by deployment (On-Site and Off-Site), by designation of employee (managerial, non-managerial and integrated), by mode of learning (instructor led classroom only, blended learning, virtual classroom, online or computer-based methods and mobile and social learning” observed that Corporate Training Market in Indonesia is at growing stage. The AI based learning, cost-effective e-learning training, mobile-based training and the emergence of IoT along with government initiatives are expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.

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Key Segments Covered in the report:

Indonesia Corporate Training Market

By Industry Verticals

• IT/ITES
• Telecom
• BFSI
• FMCG/Retail
• Automobile
• Manufacturing
• Healthcare

By Types Of Training Services

• Technical
• Leadership
• Managerial
• Sales
• Customer Management
• Quality Training
• Technical Training
• Soft Skills
• Brand Training

By Deployment

• On-Site
• Off-Site

By Designation Of Employee

• Managerial
• Non-Managerial
• Integrated

By Mode Of Learning

• Instructor Led Classroom Only
• Blended Learning
• Virtual Classroom
• Online or Computer Based Methods
• Mobile and Social Learning

Key Target Audience:

• Corporate Training Companies
• Ed-tech Companies
• Self-Based Learning Platforms Companies
• Freelance Trainers
• Industry/Corporate Coach
• Contractual Professional Trainers
• Industry Veterans
• IT Solutions and Support Companies
• Top UG/PG Private Universities
• Retired Experienced Faculties

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Time Period Captured in the Report:

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

Companies Covered:

• Cognitel
• Maverick
• Dale Carnegie Training
• Deloitte Academy
• Briktru
• PwC Academy

Key Topics Covered in the Report:

• Indonesia Corporate Training Market Overview
• Supply Scenario & Decision-Making Parameters
• Business and Investment Models Indonesia Corporate Training Market
• Indonesia Corporate Training Market Size
• Indonesia Corporate Training Market Segmentation
• SWOT Analysis and Issues of Indonesia Corporate Training Market
• Porters Five Forces Analysis and Growth Driver in Indonesia Corporate Training Market
• Competition Landscape in Indonesia Corporate Training Market
• Analyst Recommendations

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

Indonesia Corporate Training Market

Related Reports by Ken Research: –

India Corporate Training Market Outlook to 2027

India Executive Education Market Outlook to FY’2027

Global Corporate Training, Lifelong Learning and Credentialing Market

Revenue from the Australia Bags & Luggage market is expected to be ~ Mn in 2027F owing to increase in fast fashion & rising urbanization levels: Ken Research

The Australia Bags & Luggage market is moderately fragmented with major global players occupying almost half of the market. The key players operating in the market are competing on the basis of quality of product, product cost & estimated revenue. The major companies dominating the Australia Bags & Luggage market for its products, services, and continuous product developments are Gucci, Australian Tourister, Mimco, Brie Leon, Oroton, July, Antler among others.

• A boom in education opportunities abroad and increasing travel and tourism contribute to escalating luggage demand.
• The growing convenience of online shopping has led to a significant shift in consumer preferences in the purchase of travel bags and other luggage bags through e-commerce platforms, such as Amazon and eBay.

Driven by Travel & Tourism: An uptick in education & travel opportunities abroad and increasing travel and tourism contribute to escalating luggage demand. Also, technological advancements have made them more efficient, improving the attributes of luggage products. It is estimated that the luggage market will witness a demand for luggage-related products as a result of changing lifestyles in various developing countries. The post-pandemic situation is gradually improving, consumer spending patterns have strengthened, and the market is expected to regain its potential as the economy recovers from the pandemic disruptions.

Urbanization: It is expected that demand for luggage-related products will increase due to an increase in urbanization and an increase in customer preference for high-end luggage that comes with technological advancements like GPS trackers, USB ports that allow recharging cell phone batteries, and Bluetooth-enabled locks. The concept of smart luggage is also characterized by improved safety standards and enhanced applications, as well as enhanced connectivity, enabling customers to track and secure their luggage while traveling. These factors are projected to boost demand for luggage-related products, thus escalating the growth of the Australia luggage market.

Analysts at Ken Research in their latest publication, “Australia Bags & Luggage Market Outlook 2027F- Driven by Online shopping preference & fast fashion trends” by Ken Research observed that Australia Bags & Luggage Market is in a growth phase & is  expected to grow at a CAGR of ~%  in the upcoming years owing to fast fashion trends. It is to be noted that the Australia Bags & Luggage market is fragmented with major global brands occupying almost half of the market with companies competing not only on the basis of product quality, cost, demand for the product & estimated revenue.

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Key Segments Covered

By Product Type

• Travel bags
• Business Bags
• Leisure Bags
• Sports bags
• Others

By Distribution Channel

• Online
• Offline(Supermarkets, Speciality store, others)

By Market Structure

• Organized
• Unorganized

Price category

• Luggage Price Category(Mass Segment, Premium segment, Luxury segment)
• Handbag Price Category (Mass Segment, Premium segment, Luxury segment)
• Backpack Price Category (Mass Segment, Premium segment, Luxury segment)
• Duffel Bag Category (Mass Segment, Premium segment, Luxury segment)

By Luggage

• Soft Luggage
• Hard Luggage
• Wheeled Luggage
• Non-Wheeled Luggage

Time Period Captured in the Report:

• Historical Period: FY’17- FY’22P
• Base Year: FY’22P
• Forecast Period: FY’23F – FY’27F

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Key Target Audience

• Luggage Manufacturers
• Bags Manufacturers
• Retailer & Distributors

Key Players Covered

• Gucci
• Australian Tourister
• Mimco
• Brie Leon
• Oroton
• July
• Antler

Key Topics Covered in the Report:

• Executive Summary of Australia Bags & Luggage Market
• Country Overview of Australia Bags & Luggage Market
• Overview of Australia Bags & Luggage Market
• Market Size of Australia Bags & Luggage Market
• Market Segmentation Australia Bags & Luggage Market
• Industry Analysis of Australia Bags & Luggage Market
• Consumer Analysis of Australia Bags & Luggage Challenges and restrains
• Competitive Analysis of Australia Bags & Luggage Market
• Future Outlook of Australia Bags & Luggage Services
• Covid Analysis of Australia Bags & Luggage Market
• Analyst Recommendations

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

Australia Bags and Luggage Market

Related Reports by Ken Research: –

India Luggage and Bags Market Outlook to 2025

Philippines Luggage and Bags Market Outlook to 2023

Saudi Arabia Bags & Luggage Market Outlook to 2025