Buy Now, Pay Later: The future of credit in KSA: Ken Research

 Buy Now

The FinTech sector has been at the forefront of financial innovation and the new form of lending and payment option Buy Now Pay Later (BNPL) is the new evolution-changing dynamics in the payments ecosystem. Though the market is at a nascent stage globally as well as in Saudi Arabia, early signs signify a promising future where it could capture the largest market share among payment methods.

1.  ‘Buy Now, Pay Later’ (BNPL) has been popular in Sweden, Germany and other European nations for a long time; Covid-19 and lockdowns have enforced other nations to adopt it as well

Rising Trends of Buy Now Pay Later industry globally, 2022P

• With the rising e-commerce adoption, the popularity of BNPL also rose as the prospect of delayed payment became more attractive because of the financial uncertainty due to the spike in unemployment during the global pandemic.
• European countries such as Sweden, Germany, and Norway are leading the BNPL market race.

How does a Buy Now Pay Later transaction happen?

Integrated Shopping apps and Off-card financing solutions are business models in the BNPL space that have seen high adoption rates across the globe.

2.  In KSA, BNPL as a mode of payment is receiving a great response from both retailers and customers due to the perks and convenience attached to this service

3.  As a result, the BNPL industry in KSA is growing at a CAGR of 135% between 2019 and 2022P; around 60% revenue was generated by the e-commerce giants

Request a Call with Expert to know more about the business model

4.  Owing to increasing adoption of cashless society the BNPL market in KSA is expected to grow at a CAGR of 25%; e-commerce giants will continue to dominate the market share

To Know more about this Whitepaper, Visit this link:-

KSA Buy Now Pay Later Market

Related Reports By Ken Research:-

South Africa Buy Now Pay Later Market Outlook to 2027F

UAE Buy Now Pay Later Industry Outlook to 2027

India Buy Now Pay Later Market Outlook to 2026

 

The rise of PHP 25 billion Health Technology in the Philippines: Ken Research

 Buy Now

The Philippines Health Tech Market, which surged ahead with over 24.3% year-on-year growth in 2020, is poised to be a staggering PHP 55.0 Bn industry by 2025, as per findings released by Ken Research.

The Philippines Health Tech Market had a slow growth initially. The slow growth corresponded to poor internet penetration and a lack of technology awareness. Unorganized health tech infrastructure and a less tech-savvy population led to the accumulation of unharmonized healthcare data. The government faced a major difficulty when the healthcare challenges kept on increasing with the growing population. Increasing need and high government interest positively drove the Philippines’ health tech industry.

Click to Read Full Article: Philippines Health Tech Market

1. Understanding the Health Insurance in the Philippines with Focus on Government Side

PhilHealth is the health insurance run by govt. and it extends to all citizens. It is a compulsory membership for employees in which half of monthly premium is contributed by employer and half by employee. Moreover, Health Maintenance Organization (HMO) which is a private providers of Healthcare Insurance, gives access to doctors within their network. Furthermore, Private Health Insurance offers a more comprehensive private healthcare network than HMO and is usually for a longer duration

2. Mercury Drug holds around ~60% of the E-Pharmacy market in the Philippines

To learn more about this report Download a Free Sample Report

COVID 19 has accelerated and pushed the use of e-pharmacy platform in Philippines, as more and more people are now accustomed to the idea of using online services. Mercury Pharmacy has been operating offline since 1945. It started selling drugs online in year 2003. It is the leading player of the E-pharmacy market.  It operates on Omni channel model through Gamot Padala using which customer can schedule pickup of medicine from store through phone or internet.  Mercury Drug introduced its free Suki Card, a rewards system for its loyal customers that is fully transferable, without annual membership fees, enabling customers to earn points that can be used as rebates in their next purchases or to redeem exclusive Mercury Drug items.

3. Around 50% of the overall E-Pharmacy orders are placed from the Northern Region.

Visit this Link: – Request for custom report

The northern region is most populated and have most standalone or hospital-based pharmacies. Most E-Pharmacy work on the aggregator model therefore maximum operating models are designed in the capital city or near the city. Moreover, majority of the players import and distribute products or import drug and outsource production to local manufacturer are located in Northern region. This is driving the cost of medicines and therefore affect the delivery charges.

4. Government Regulation and Initiatives in Philippines which are helping the health tech market in Philippines to flourish.

Request free 30 minutes analyst call

FDA issued regulation for implementation of E-Prescription on 17^th March 2020. This regulation allowed a medical prescription captured as a photo, or created as a pdf, jpeg, or other photo file format, sent through email or messaging application to be deemed equivalent to a written prescription. Additionally, DOH in partnership with National Privacy Commission (NPC) launched telemedicine services due to Corona Outbreak for NCR region in April 2020 and plans to expand it to other regions. It also partnered with private entities such as KonsultaMD and Medifi.  Moreover, DOH and NPC issued guidelines and defined regulations for telemedicine on 7^th April 2020. It was aimed to connect hospitals across country using the networks established by DOST.

Factors such as cheap product variants, additional availability of doctors, shifting from traditional to online health services will drive the Philippines Health Tech market in the near future both in terms of revenue and sales volume. Apart from domestic players, numerous other international players might enter the market and will contribute towards the growth of the Philippines health tech industry in future.

The KSA Bags and Luggage Market expected to reach $ 375 Mn by 2025: Explore the key trends and technological innovations that will help in reaching the mark: Ken Research

The Saudi Arabia bags and luggage market consist of luxury bags, nonluxury bags, and luggage sold in Saudi Arabia through online as well as offline channel. Most of the bags and luggage sold in Saudi Arabia are imported from European and Asian countries. There are some manufacturers of luxury bags in Egypt and Turkey but they represent a very small share of the overall market. The number of brands operating in the market has grown over the years. Many fashion brands foresee Saudi Arabia as one of the most lucrative markets in the world due to the very high purchasing power of the customers.

Click to Read Full Article: Saudi Arabia Bags & Luggage Market

1. Laptop Bags due to its functionality and stylish designs are the most preferred bags in KSA with rising expats requiring such bags for their daily activities.

Laptop Bags due to its functionality and stylish designs are the most preferred bags in KSA with rising expats requiring such bags for their daily activities. Increase in number of expats from 9.7 million in 2015 to 10.7 million in 2020 and requiring business bags (including Laptop Bags) for their daily activities has positively impacted the sales in the Kingdom. Cross body, backpacks and wallets has been boosted by the increase in number of shops opened across numerous shopping malls in the country.

2. Louis Vuitton ad Samsonite topped the revenues in the Bags and Luggage brands available in KSA.

To learn more about this report Download a Free Sample Report

Companies are increasingly adopting the omni channel distribution strategy post COVID to gain a foothold in the market since customers are skeptical in visiting offline stores. Moreover, many luxury brands are now concentrating their efforts in Dammam, the largest city in the eastern region. Furthermore, Louis Vuitton ad Samsonite topped the revenues in the Bags and Luggage brands available in KSA due to its high price range and its presence through omni channel to the customers. Louis Vuitton launched their E-Commerce site in Saudi Arabia recently which increases its reach to the other region of the country.

3. Smart luggage (carry-on bags and suitcases with built-in technology) is set to become a much bigger feature over the next five years.

Visit this Link: – Request for custom report

A carry-on travel bag that has gizmos housed in its handle, including battery chargers for a smartphone, GPS location tracking and a dashboard with stats showing how far the bag has travelled is one of the major technologies that has been adopted in this sector. Once paired with a smartphone, the bag will automatically lock when one steps away from it. Additionally, incorporating charging devices to allow consumers to charge their electronics when on the go, while also remaining fashionable is another of the great feature in the bags and luggage industry. This technology is currently provided by Timbuk2 in collaboration with Joey Energy. Furthermore, bags with fingerprint locking, built-in global-tracking devices, Bluetooth speakers, self-weighing scales, SIM cards and Wi-Fi hotspots could soon become the norm and is currently provided by Samsonite, Rimowa, and Samsung.

4. Influencer Marketing, Guerrilla Marketing Campaigns, publishing Online Articles are most effective ways to Advertise over Social Media in KSA.

Request free 30 minutes analyst call

In KSA to promote the bags and luggage, the marketing strategies that is mainly followed is the partnership with celebrities such as Dyler as well as prominent travel and lifestyle influencers like Nada Baeshen. This marketing strategy creates a strong influence among the customers and direct their buying decisions. Moreover, using Pinterest as a valuable channel for digital and influencer marketing strategy is proving to be an effective way for the promotion of new luggage brands in the country.

The Global E-learning Industry Crossed the mark of $ 300 Bn in 2022- Will this trend continue in future? Ken Research

 Buy Now

The e-learning industry is driven by demand for internet-enabled devices like IOT (Internet of things), growing need for strong workforce skills and significant demand for individual-focused learning experiences.

1. Growing Demand for Continuous Product Innovation in the E-learning market

To Know More about this report, download a Free Sample Report

With the e-learning market gaining momentum, there is a need for continuous innovation for vendors to differentiate their products and drive service adoption among a more comprehensive section of end-users. AI and cognitive learning technologies have started to play a decisive role and are poised to be game-changers in several learning avenues. To stay relevant and updated, learning providers are forced to adopt these emerging technologies to extend the lifecycle of their existing products and make the best out of customer lifetime values.

2. Impact of Covid 19 on the global e-learning market

The education of over 1.2 billion children worldwide got adversely affected by the pandemic, and hence there was a sudden shift in the way education was delivered after that.

Even before COVID-19, education technology was seeing rapid expansion and adoption, with worldwide edtech investments crossing USD 18 billion in 2019 and the online education market crossing over USD 350 billion by 2025. After witnessing the abrupt shift from the classroom in many parts of the world, there are high chances of online learning popularity to continue post-pandemic. Such a shift is expected to affect the global education industry.

3. Inadequate internet bandwidth in developing countries is a major challenge to be addressed

Visit This link:- Request for Custom Report

E-learning is tried to be simplified as much as possible; there are a few essential prerequisites that are must-haves, such as a decent internet connection and at least a smartphone to use as a medium to access online content, which is not so easy for the people belonging to specific sections of the society especially those belonging to developing countries such as India and underdeveloped countries like Africa. In Sri Lanka, the government initiated providing common lectures on Math, Science, and other subjects through the TV for those who did not have access to smartphones or the internet. Around the globe, 74% of people with low economic vulnerability have access to Internet, 46% of people with moderate economic vulnerability have access to Internet whereas only 24% of people with high economic vulnerability have access to Internet.

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

Global E-learning Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

Will Liquid Packaging Industry in India sustain the shift of sustainable packaging in the future?

 Buy Now

India’s Liquid Packaging Market has been gaining good momentum in the last four years due to the rapid growth in the consumer market, especially in Food and Beverages, Pharma, Liquor, Personal Care, and Household Care.

Based on Ken Research’s study on the Liquid Packaging sector of India, a shift towards sustainable packaging is expected to rise in the coming years. Here is a glimpse of how the material used for packaging, polymers will become the new normal in the packaging segment over the next few years.

1.  The Indian liquid packaging market is over 37K crore industry registering growth of 7% in last 3 years

2.  Players enjoy the freedom of switching the packaging materials of their products due to the variation in the price per unit

Pricing analysis between different packaging materials

• From a pricing/cost aspect, glass and metal cans can be easily considered by the customers to be substitutable/interchangeable. For instance, the cost of procuring glass packaging materials for packaging 200 ML of Thums Up by Coca-Cola stands at around INR 8. While the cost of procuring metal cans for packaging 200 ML of soft drinks by Coca-Cola stands at around INR 10. Thus, there is no significant difference from a pricing standpoint for companies like Coca-Cola that sells liquid in different packaging materials (glass, PET, metal).
• In fact, the price of PET bottles is much cheaper than that of glass bottles and is sold at around INR 3.5 per bottle. Thus, companies enjoy the liberty to switch between suppliers based on their requirement for packaging materials.

 

Request a Call with Expert to know more about the business model

3.  Due to cost convenience and sustainability reasons, not only Coca-Cola but Alcoholic beverages, which traditionally relied on glass packaging are also slowly moving to PET and tetra packs.

Use Cases of same liquid being packaged in glass and other packaging materials

4.  Pharma and beverage companies are also more invested in sustainable packaging solutions due to environmental concerns

Use Cases of same liquid being packaged in glass and other packaging materials

5.  As a result, the Glass packaging segment is losing its market share to Metal and Tetra Pak, enabling sustainable packaging-the future of India’s Liquid Packaging sector.

The Future of Liquid Packaging

To Know more about this Whitepaper, Visit this link:-

India Liquid Packaging Market

 

Antimicrobial Additives and Commercial Sector Growth: The Dual Drivers of Global Plastic Pipes Market Expansion over 100 Bn in 2022 – Ken Research

 Global Plastic Pipes Market is expected to growth at a robust CAGR in next 5 years, says a report by Ken Research.

1. Trend of using antimicrobial additives for plastic pipes to prevent diseases is catching attention in PVC market globally.

To improve hygiene, construction companies are increasingly using antimicrobial additives in plastic pipes. Concerns are growing about the consumption of drinking water delivered via PVC and PEX pipes used in residential and commercial buildings. The main concerns are the leaching of chemicals, which can give water a plastic taste, as well as the leaching of bacteria, which can inhibit the growth of waterborne diseases. Antimicrobial additives prevent chemical leakage into the drinking water supply and inhibit the growth of major waterborne disease sources such as harmful bacteria, fungi, mould, and algae. Polypipe, Parx Plastics N.V., and Polyone are among the major manufacturers of antimicrobial additives for plastic products.

To Know More about this report, download a Free Sample Report

2. In contrast to China, which is expected to grow at a 6.3% CAGR, the U.S. market is estimated to be worth around USD 5-10 Bn.

 

According to estimates, the American market for plastic pipes was worth around USD 5-10 Bn in 2020. China, the second-largest economy in the world, is anticipated to reach a projected market size of more than USD 20 Bn by the year 2027, growing at a CAGR of 6.3% from 2020 to 2027. Japan and Canada are two more important geographic markets, with growth rates of 4% and 4.7%, respectively, expected between 2020 and 2027. Germany is anticipated to expand within Europe at a CAGR of roughly 4.8%.

3. More than one-third of pipe market sales are expected to come from the commercial sector.

Visit This link:- Request for Custom Report

Throughout the anticipated period, the pipes market will be dominated by the commercial sector in terms of end use. By 2032, the commercial sector will have a value-based share of more than 33.3%. The growth of the pipes market will be facilitated by the expansion of commercial infrastructure across developing nations like India, China, and Japan. Additionally, the use of pipes to upgrade the infrastructure will be accelerated by increased expansion in the residential and commercial sectors across the U.S., the U.K., and other industrialized nations.

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

Global Plastic Pipes Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

Global Pharmacy Retail Market is standing strong at $ 600 Billion in 2022– Will it be able to achieve the trillion-dollar mark by 2027?: Ken Research

 The global Pharmacy Retail market was valued at USD 600 Bn in 2022 and is projected to reach USD 1 trillion by 2027.  

The COVID-19 pandemic has fueled growth in both traditional pharmacy retail outlets and online pharmacy channels. Medical retail outlets were classified as essential services globally, but due to the virus's fear, online pharmacies emerged as the most dynamic channel for obtaining drugs and devices. The online pharmacy sector has seen an increase in orders for medical devices, personal protective equipment, health supplements, and common drugs as a result of the various waves of COVID-19.

To Know More about this report, download a Free Sample Report

1. People aged 65+ are projected to grow to nearly 1 billion in 2030, with most of the increase in developing countries, which will drive retail pharmacy growth

According to the Office of Disease Prevention and Health Promotion, the first Baby Boomers (those born between 1946 and 1964) turned 65 in 2011. By 2030, it is projected that more than 60% of this generation will be managing more than 1 chronic condition. Managing these chronic conditions, along with a patient’s level of disability, will increase the financial demands on our healthcare system which will increase the stress on the pharmacy chain industries.

2. With the increasing population growth in Tier II and Tier III cities, there is an untapped potential for retail pharmacies in their market

Visit This link:- Request for Custom Report

E-Pharmacies still have a lot of scope for expansion in tier II and III cities, that can be achieved by making huge investments for the improvement of logistics channels in these cities. Presently, close to 55% of the global population today is living in tier-2 & tier-3 cities. In such areas, the local pharmacy becomes the go-to place for all healthcare services. Furthermore, statistics show that for every 1000 people, there is 0.83 pharmacist available. Since many doctors are not able to reach people living in tier-2 & tier-3 cities, local pharmacies can become huge healthcare support by going online and providing quick, trusted, & efficient healthcare solutions.

3. Digiceutical Apps Also known as “digital therapeutics” are Improving patient outcomes through convergence

In 2018, there was a massive growth in investment in the field of digital therapeutics, and the Food and Drug Administration (FDA) has actually been on board with the trend for quite some time as well. In late 2017, they launched a digital health pilot program, which included 9 companies. Among the participants were the big guys like Apple, Samsung, and Johnson and Johnson, yet small-but-mighty startups were also included. One such startup is Pear Therapeutics, which has already received FDA approval for two of its app products; one for substance abuse, and the other specifically for opioid use. The goal of the program is to soften the regulatory requirements for digital health companies with proven records of developing and testing quality products.

4. Huge E-commerce websites like Amazon are becoming a threat to other pharmacies’ retail stores worldwide

The company is a threat to retail pharmacies on multiple fronts. Initially, the emergence of Amazon.com gave consumers less of a reason to do in-person shopping for general merchandise. Then the company got into the prescription game with its 2018 acquisition of PillPack and the 2020 launching of Amazon Pharmacy and an Amazon Prime prescription discount benefit. And then, just a few months ago, Business Insider reported that Amazon was looking to create physical pharmacies. Whether that comes to fruition — and what it would look like — remains to be seen, but one thing is clear: Amazon will continue to be a thorn in the side and strain the bottom line of retail pharmacies.

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

Global Pharmacy Retail Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram

How Online Shopping in Germany is driving the e-commerce logistics spend in next 5 years?

 Buy Now

Germany E-Commerce Logistics industry is a developed market driven by the tailwind spend of internet users online. The e-commerce industry sustained growth is indicating how the logistics infrastructure and business model in Germany is evolving. Ingrown domestic demand is leading to higher courier and parcel shipments in country while neighbouring countries orders from Netherlands, Poland and Austria, etc is driving the international e-commerce shipments.

At Ken Research, we’ve been closely monitoring the country’s e-commerce and last mile logistics landscape, and we see areas that are growing well and need improvement to drive this market multi-fold. Read on to learn the key insights of our recent report on what the future of e-commerce logistics spend has in store for Germany in next 5 years.

1. Germany is the 4^thLargest Economy in the World; the High Spending Power of the Population also makes it a Strong Market for E-commerce businesses

1.1. The Internet User Penetration in Germany is 88.2% in 2021, with 78.8 Mn Active Internet Users; the Internet User Penetration is expected to reach 93.8% by the end of 2027.

The Internet User Penetration in Germany is expected to reach 93.8% by the end of 20271. The number of social media users in Germany increased by 13% between 2020 to 2021^.

2. Germany E-Commerce Market Generated a GMV of € 130.1 Bn in 2021 owing to Rise in Social Media Penetration Rate and Convenience of Home Delivery

Growth Drivers

• One of the major reasons for consumers to shop online is due to the convenience of home delivery.
• 24/7 availability of the products is also one of the reasons for the growth of e-commerce retail sales.
• The increase in smartphone and social media penetration rate along with social media platforms such as Instagram, Facebook and YouTube are also a major driver for growth.

3. The Top Product categories in the Germany E-Commerce Market Consists of Fashion, Electronics, Furniture and Toys, Hobby and DIY products

Request a Call with Expert to know more about the business model

4. The German Population is very value conscious, demanding and Aware; Conducts Proper Research before Purchasing, heavily rely on customer reviews and purchase from different sellers for value purchase

5. High Numbers of Orders are Placed from November to January on the account of Cyber Monday, Singles Day, Holiday Season and Post Christmas Sales

6. The Future Trends that are Expected to Contribute to the Future E-Commerce Market in Germany are Creative Advertising, Omnichannel Selling and Supply Chain Optimization

To Know more about this Whitepaper, Visit this link:-

Germany E-Commerce Logistics Market

Related Reports By Ken Research:-

Thailand E-Commerce Logistics Market Outlook 2026F

KSA E-Commerce Logistics and Warehouse Market Outlook to 2026F

South Korea E-commerce Logistics Market Outlook to 2026F

 

How the landscape of the auto finance market is changing in UAE, post-COVID?

 Buy Now

The UAE auto finance market faced a huge impact during COVID-19, but soon the market ramped up as the sales of new vehicles spiked. Presently, growing digital advancements and an increasing number of Finance Aggregators are driving the UAE auto finance industry. Further, the market is expected to grow at a CAGR of ~17% in the coming years.

1. UAE population is constantly rising due to the high number of foreigners settling in the country who prefer owning a car over renting

2.  Customers in UAE prefer buying used vehicles over new ones due to less cost, and similar rates of interest on auto finance loans

3. UAE Auto Finance Market has decreased from 2016 to 2021 at a CAGR of around -7% owing to government regulations, lifestyle changes and the COVID-19 lockdown

4. Monthly payment restrictions, down payment, loan tenure restrictions, and the time consumed in the process are some of the other challenges faced by end-users in UAE Auto Finance Industry

5.  Although the sale and financing of vehicles dropped sharply in 2020 owing to the COVID-19 pandemic, it picked up again in 2021 due to consumers preferring personal vehicles

Request a Call with Expert to know more about the business model

6.  Moreover, Online Auto Finance Aggregator Platforms in UAE is emerging in the country post COVID, which is expected to extremely simplify the whole loan application process

7. Rising demand for automobiles, the growing finance industry, and the potential for fintech growth are the major developments in the UAE Auto Finance Industry

8  UAE Auto Finance Market is expected to increase from 2021 to 2026 at a CAGR of ~17% owing to the emergence of new and improved technologies

To Know more about this Whitepaper, Visit this link:-

UAE Auto Finance Market

Related Reports By Ken Research:-

Egypt Auto Finance Market Outlook to 2027

Malaysia Automotive Finance Market Outlook to 2026

Philippines Auto Finance Market Outlook to 2026

Internet Penetration Sets the Path for Used Car Sales to Cross More Than 450,000 Units by the Year 2026: Ken Research

                                                                                                                          Buy Now

The Philippines Used Car Market is Expected to Grow at A CAGR Of 7.6% In the Next Five Years in Terms of Used Car Units Sold by the Year 2026, as per findings released by Ken Research.

1. 75 Mn Active Social Media Users: Social Media Spurring Demand for Pre-Owned Cars in Unorganized Market.

To Know More about this report, download a Free Sample Report

Among the country’s population of more than 105 million as of January 2020, there are almost 75 million internet and active social media users. This accounts for 67% of the total population. The online social media websites and chat windows in Philippines are the main growth driver of the unorganized sale of pre-owned vehicles in the country. The reason being that the vehicles can be listed on the personal web pages of the individual car seller which is 100% free of charge. On the other hand, they can approach a freelancer/ multi brand dealer having a Facebook page in the name of their dealership. These free lancers can also list the vehicle for a negligible price point on behalf of the Individual seller. The unorganized market is very big and has thousands of buyers and sellers who are willing to buy used cars due to price differentiation. The example of social media in the country are-Facebook, Car Finder and WhatsApp Chat.

2. The Market Share of Online Channel in Organized Market is Expected to Grow at a 5 Year 8.0% CAGR From More Than 80% Of the Market Share In 2021P to Nearly 91.5% by 2026.
Online sales channel is expected to grow with significant rate over the forecast period

Visit This link: - Request for Custom Report

The online sales channel has gained traction owing to its wide reach and lower advertisement costs. Moreover, the organized players have realized that the first point of contact for the any used car buyer nowadays is the online classified pages, used car portals and other social media pages Technology advancements have changed consumer positions in the market, including the emergence of the internet, the usage of e-commerce sites and applications to increase company demand, and the introduction of hybrid and electric automobiles. Thanks to web technology, consumers are learning more about the car, its residual value, third-party profit margin, and other aspects.

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

Philippines Used Car Market

Follow Us

Facebook | Twitter | LinkedIn | Instagram