Global Data Centre And Cloud Service Market Is Growing At A CAGR In Double Digit In 2017–2022 And Is Expected To Reach ~450 USD Bn By 2027 — Ken Research

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What Is The Size OF Global Data Center And Cloud Service Industry?

The Global Data Center and Cloud Service Market is largely driven by owing to the new government policies like tax exemption, influx of huge investments from various companies and governments, digitization in IT sector, high density demand of end-users and young tech savvy population.

 The growth of the Data Center and Cloud Service market can be attributed to several factors. Firstly, the rising adoption of ecommerce platforms by consumers across the world has led to increase in demand for fast and reliable delivery services. With the rise of online marketplace like amazon,

Secondly, advancement in technology have enabled Data Center and Cloud Service providers to improve their operations and offer more efficient services. Innovation such as autonomous vehicles, drones and robotics have the potential to revolutionize the logistics industry and reduce delivery times and cost

Furthermore, Covid-19 pandemics has accelerated the growth of the Data Center and Cloud Service market, as consumers have shifted to online shopping to avoid any physical stores and minimize the risk of infections.

This trend is expected to continue even after the pandemic as many consumers haven become accustomed to the convince of online shopping and are likely to continue using ecommerce platform in the future.

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Global Data Center and Cloud Service Market by type of Data Center

The Global Data Center and Cloud Service market is segmented by type of Data center into Colocation, Managed and Hyperscale. The co-location data center dominated the global data center and cloud service market in 2022.

The dominance of the colocation in the data center market can be attributed to factors like highly scalable and offers a wide range of services, from basic space and power to advance connectivity and managed services.

They offers high level of security and reliability with multiple layers of physical and digital security measure in place to protect customer data.

Global Ecommerce Logistics Market by Type of Co-location

The Global Data Center and Cloud Service Market is segmented by type of Co-location into Wholesale and Retail. Wholesale Co-location dominated the global data center and cloud services market in 2022.

The Dominance of the wholesale colocation segment can be attributed to several factors, like they provide a cost effective way for large enterprises and cloud service providers to build and manage their own data centers without the upfront capital cost and ongoing operational expenses.

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Global Data Center and Cloud Service MARKET by type of cloud services

The Global Data Center and Cloud Service market is segmented by type of cloud services into Infrastructure as a Service (IaaS), Software as a Service (SaaS) and Platform as a Service (PaaS).

Global Data Center and Cloud Service MARKET by Region

The Global Data Center and Cloud Service Market is segmented by Region into North America, Europe, Asia-Pacific, Middle East & Africa and South America.

North America region dominated the global data center and cloud service market in 2022. Followed by Asia- pacific region which is expected to dominate in the future.

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The Indonesia Plastic Pipes Market is growing owing to infrastructure, government initiatives, high demand and urbanization: Ken Research

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Focus on water supply and irrigation, industrial & mining, energy industries, wastewater, residential and non-residential construction activities are major factor contributing towards development of Plastic Pipes Market in Indonesia.

Growth in Agricultural Sector and Residential Projects: Indonesia is one of the major producers and exporters of agricultural goods in the world, providing the rest of the world with valuable products including palm oil, natural rubber, cocoa, coffee, rice, and spices. The need for plastic pipes comes from the agricultural sector. On the other hand, the real estate industry in Indonesia has expanded during the past few decades. In 2021, the GDP of Indonesia benefited from the real estate industry more than any other sector, with a contribution of more than 2.7%. It increases demand for the sewage system, water supply, and power.

Investments In Water Supply: The improvement of access to clean water is a top priority for the Indonesian government. For the purpose of resolving concerns relating to water, WHO Indonesia worked in conjunction with National Development and Planning, the Ministry of Public Works and Housing (MoPWH), and the Ministry of Health (MoH).

Waste Created from Plastic: Plastic is contaminating natural systems, such as rivers and oceans, because it does not decompose naturally. A large amount of greenhouse gas emissions is produced during all phases of the plastic value chain during the production, use, and disposal of plastics. In Indonesia, there are 64 million tons of plastic trash generated annually. Plastic debris that is poured into the ocean weighs a total of 3.2 million tons.

Standing Out from Competitors: Given that there are more than 55 plastic pipes manufacturers in Indonesia, it can be difficult for them to stand out from the crowd. These pipe manufacturers are capable of delivering the best quality; therefore, producers must strive to maintain a competitive advantage by manufacturing goods of the highest caliber for their customers.

Analysts at Ken Research in their latest publication “Indonesia Plastic Pipes Market Outlook to 2027- Driven by increase in housing, high rise real estate development and establishment of new capital city in Indonesia” observed that Plastic Pipes Market in Indonesia is at a growing stage. The rising government policies and demand for PVC pipes, infrastructural development along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at an 7.3% CAGR during 2022-2027.

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Key Segments Covered in the report:

Indonesia Plastic Pipes Market

By Type of Plastic Pipe

• PVC
• PE
• Others

By Type of PVC Pipe

• UPVC
• CPVC
• PVC-O

By Type of PE Pipes

• HDPE
• MDPE

By Market Structure

• Organized
• Unorganized

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By Domestic Sales/ Export

• Domestic Sales
• Exports

By Type of End Users

• Water Supply and Irrigation
• Industrial & Mining
• Sewage
• Electricity
• Others

Key Target Audience:

• Plastic Resin Suppliers
• Plastic Pipe Manufacturing Companies
• Oil and Gas Industry
• Government Bodies
• Real Estate developers
• Agriculture Sector Companies

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Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

Companies Covered:

• Pralon
• Wahan Duta Jaya Rucika
• Vinilon Group
• Pt Langgeng Makmur Industri Tbk
• Maspion Kencana
• George Fisher Piping Systems
• Unilon
• Power Pipe and Fittings
• Wavin
• Triliun
• Alderon
• Denya (PT. Sinar Utama Nusantara)
• Intilon
• Supralon
• Aqualon (PT Cipta Anek Agung)
• Inoac
• Westpex (PEX and Conduit also)
• Toro (Cahaya Selatan International)
• Hoco
• Lesso Indonesia
• Finnlon (PT. Indrasari Kencana)
• Indopipe
• Sumber Djaja Perkasa (Hexalon PVC)
• PT Shuanglin Pipe Indonesia
• Pipamas Primasejati
• Tjakrindo Mas (Brands are-Supralon, Excellon, and Supramas)
• Argantha Jaya Globalindo
• Alva Pipe (HDPE)
• PT Bangun Indopralon Sukses (Brands- Mpoin+, Pipaku)
• Dinamika Sinergi Mitratama
• PT HK Metals Utama Tbk (PT Rasa Langgeng Wira- VORZA)
• Inti Prima Electrinda
• PT Invilon Sagita
• PT Duta Dynasti
• Lingkar Matra
• Lestari Putra Sentosa (Brand- Metrovin)
• PT Mepoly Industry Corp

Key Topics Covered in the Report:

• Market Overview of Indonesia Plastic Pipes Market
• Market Segmentation of Indonesia Plastic Pipes Market
• Porter’s Five Force Analysis and Demand Drivers of Indonesia Plastic Pipes Market
• Emerging Trends and Challenges of Indonesia Plastic Pipes Market
• Regulation in Indonesia Plastic Pipes Market
• Competition Framework of Indonesia Plastic Pipes Market
• Future Outlook of Indonesia Plastic Pipes Market
• Analyst Recommendation
• Industry Speak

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Future Outlook of Indonesia Plastic Pipes Market

Related Reports by ken Research: –

China Plastic Pipe Market Outlook to 2027F

Brazil Plastic Pipes Market Outlook to 2027F

Australia Plastic Pipe Market Outlook to 2027F

Neo-banks have reached over INR 1200 Cr. in India, but will the lack of “regulation” sink the boat of this market?: Ken Research

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Indian Neo-banking Industry has been growing exponentially with a CAGR of 136% between FY’17 and FY’21 owing to the increasing adoption of Fin-tech in the country.

1. Rising spending on Personal, Financial Services, and Insurance with a CAGR of 10.3% has created a path for technology and innovation to tap the financial services market in India.

Click to Read the Full Article: Indian Neo-banking Industry

The financial service sector is picking up pace in India due to the increasing internet penetration, advancement in technology, and changing spending patterns with the rising young population in the country. Spending on Personal, Financial Services, and Insurance has risen from 19000 Crores in 2018 to 28000 Crores in 2022. This has given positive momentum to innovations like neo-banks to enter the banking market in India.

2. As a result of the ongoing fin-tech revolution, the Neo-banking sector is proliferating in India but its growth spiked in 2021 due to the pandemic.

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High dependence on technology and social distancing rules during the global pandemic has pushed consumers to shift to digital banking from traditional banking to satisfy their monetary necessities. As a result, the Neo-banking industry saw a huge surge in market size, especially in 2021. The market grew at an exponential rate of 100% from 2017 to 2022. The increase in internet penetration, the opening of new neo-banks, and customer awareness are some of the other major reasons for the growth.

3. The exponential growth of the neo-bank in India has driven more than $420 Mn investment in the market by potential investors.

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As per Ken research observation, more than $420Mn have been invested by various funds and investors in the Neo Banking Industry which has further fuelled the growth of this market. Majority of the funding came from Venture Capitalists led by Sequoia Capital, Matrix Partners, Hmmingbird Ventures, Greyhound Capital, Tiger Global Management, Y Combinator, and more. A few of the prominent angel investors were Utsav Somani, Sanjay Swamy, and Bhaskar Majumdar.

4. Now the catch is, even after the impressive performance, the neo-bank still doesn’t have license in India. So, will it affect its growth in the future?

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The neo-bank has received banking license globally. But in India, it is yet to receive specific license. Here, they are not directly regulated by Reserve Bank of India. Therefore, they partner with licensed banks, NBFCs, and other financial institutions to provide financial services through their digital platforms. This lack of clarity in regulations is one of the key pain points of the industry. However, RBI has shown activeness with regard to regulations, and the regulations seem to be clearer going forward in the industry. Meanwhile, the collaboration strategy with legal financial entities and rising investments in the sector will keep the boat of neo-bank stay afloat in the Indian market and register positive growth in the coming years.

Cybersecurity Market Revenues Growing at CAGR of 17.4%, Will Vietnam able to sustain it? : Ken Research

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About 66% of Vietnam’s 70k+ websites are estimated to be infected with viruses/malware. The government is playing a vibrant role in propagating the importance of having a secure cybersecurity infrastructure in organizations.

1. Cyberattacks have a huge financial impact on Vietnam's economy

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• 3% Companies in Vietnam that faced 24 hrs. or more of downtime after most severe breach; Global figure: 4%

• 2% Proportion of computers affected by dangerous viruses in Vietnam, 3x the global average

• Vietnam’s global rank 6th in number of local cyber threats

• 75 Mn # of Internet-borne cyber threats in Vietnam in 2019

2. Phishing majorly affects all the computer systems in Vietnam, thus boosting the market.

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• 7% of Mobiles infected with Malware in 2022 only.
• 7% of Attacks by Crypto miners in the year 2022.
• 5% of Users affected with Financial Malware Attacks and around 12% of Computers infected by Malware.
• 0% of organizations in Vietnam receive up-to 5,000 security alerts daily, while 29.0% 5receive more than 50,000 daily.

3. Why Cyber Threats in Vietnam are rising at unprecedented rates?

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• Rise in number of devices available per person, weak organizational information security infrastructure.
• Political Disputes with neighbouring China, downloading of Themes/Plug-ins from Suspicious Sites and outdated Website versions & operating systems.
• Insufficient Human Resource Potential: Vietnam faces a challenge of limited number of cyber experts in the country, because of which the product ecosystem is dominated by foreign enterprises in cybersecurity
• Limited Cybersecurity Awareness: Lack of technical knowledge about information security & its importance is one that plagues organizations in Vietnam
• Budget & Maintenance: Allocation of funds towards information security is always a challenge in organizations in Vietnam.

Global Remittance Market Is Growing At A CAGR Of ~% In 2017-2022 And Is Expected To Reach USD ~ Bn By 2027 – Ken Research

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What is the Size of Global Remittance Industry?

The Global Remittance Market is largely driven is driven by rise in mobile-based payment channels and cross-border transactions and decrease in remittance transfer time & cost drives the growth of the market. In addition, increase in adoption of banking & financial sectors across the globe fuels the remittance market growth.

However, rise in number of financial crimes and lack of awareness for digital remittance is expected to impede the market growth. Furthermore, technological advancements in digital remittance market is expected to provide lucrative opportunities for the market growth. The most important growth driver is the remittance flows coming via migrant workers.

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Global Remittance Market by Mode of transfer

The Global Remittance market is segmented by mode of transfer into digital & non digital market. The traditional (non-digital) segment accounted for the largest revenue share of more than 75.0% in 2021.The major factor contributing to the segment's growth is the sense of security and safety the consumer experiences while remitting funds through an offline channel. However, in the upcoming years, digital mode of transfer is anticipated to register massive growth.

Global Remittance MARKET by Type of Remittance

The Global remittance market is segmented by type of remittance into Inward & outward remittance. The outward remittance segment dominated the market in 2022 and accounted for a revenue share of more than 54.0%. Most businesses are a part of the global economy, and a company must deal with competition everywhere to compete on this grand scale.

Global Remittance MARKET by Channel

The Global Remittance market is segmented by channel into Bank, Money transfer & online platforms market. The money transfer operators segment accounted for the largest revenue share & the online platforms (wallets) segment is anticipated to register significant growth over the forecast period. The segment's growth can be attributed to the fact that online platforms save a lot of time. People no longer have to stand in lines, write cheques, or wait for paper bills, and they are not required to wait for banks to clear their cheques before accessing the funds.

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Global Remittance MARKET by end use

The Global Remittance market is segmented by end use into migrant labor, personal, small business, others market. By end user, the personal segment is expected to garner a significant remittance market size and is expected to witness growth at the highest rate during the forecast period, owing to money sent by the migrant labor workforce to their home country as they migrate to other countries to pursue work such as seasonal work. Owing to rapidly advancing technologies, evolving customer expectations, and a changing regulatory landscape, which are driving the automation of cross-border and remittance services.

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Global Remittance Market

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Global Cold Chain market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2027 – Ken Research

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What is the Size of Global Cold Chain Industry?

The Cold Chain Market is largely driven by rising domestic consumption of meat and seafood along with increasing government initiatives and investments in the sector.

There shall be a good growth in the Asia Pacific region due to a growing demand for different types of processed food as well as frozen meat and different types of dairy products through the nations like India, China, South Korea as well as Japan. through the use of cutting-edge, integrated technology.

Increase in the purchasing power and growing demand for food products that are easy to consume and cook shall lead to the growth of the market. Dual income households and hectic lifestyle has changed the consumption pattern of the consumers in these developing nations which shall drive the market growth for cold storage market.

The Asia Pacific region is expected to have a dominant position in the global cold chain logistics market. This region shall have the largest market share due to rapid industrialization and urbanization. As there is an increase in the investment to the government for developing the infrastructure for cold chain logistics this region will dominate the market in the coming years.

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Global Cold Chain Market By Type

The Global Cold Chain market is segmented by Component into Cold Chain Storage and Cold Chain Transport. The cold chain involves the logistical preparation necessary to preserve the integrity of these shipments while transporting temperature-sensitive goods along a supply chain using thermal and refrigerated packing techniques. To store, manage, and transport sensitive materials, a series of meticulously timed events must take place in temperature-controlled settings.

Global Cold Chain Market By Application

The Global Cold Chain Market is segmented by control system into Fruits and Vegetables, Meat and Seafood, Dairy and Frozen Dessert, Bakery and Confectionery, Ready-to-Eat Meal and Other Applications.

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The topic of healthy eating has captured the attention of consumers with growing purchasing power. As a result, manufacturers and merchants have responded by offering a variety of unique fresh fruits from all over the world.

Agricultural specialization has made it possible to transport food goods that are temperature-sensitive to distant markets. It makes it possible to deliver pharmaceutical and biological products, such as vaccinations, to any market in the world from a single, sizable facility.

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Global Cold Chain Market

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The Philippines government allocated PHP 692 Bn towards education sector improvement in 2020. Will the allocation justify the growth? : Ken Research

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The government of Philippines plans to improve the healthcare infrastructure by allocating $3.2 Bn to the health sector in 2020, an increase of 12% from the budget for 2019. 

1. “Private colleges in demand?”: Philippines has 81% Private Medical Colleges although the government is targeting specific regions to increase the vicinity of public colleges.

Healthcare Education scenario in Philippines: Click To Know More

Private medical colleges have been in demand for quite a while now with high concentration in Metro Manila & Visayas regions. One of the major reasons behind the rapid growth of private colleges has been Shortage in the Primary Healthcare workers to population which is 25/10,000. The government on the other hand has been targeting major regions to inculcate public medical colleges as a result of the country suffering major setback in education outcome & healthcare indicators. The current private & public college market share is 81% & 19% with the market share of public colleges expected to increase with time.

2. “High concentration of international aspirants:” Philippines has been a Great Environment to Accommodate Students especially International Aspirants

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Philippines has shown a very welcoming environment for the foreign students. Unlike most European countries cost of living is cheap in Philippines. Hence there is a good influx of foreign students. Most campuses are small and do not provide accommodation, however you can acquire a dorm or an off-campus hostel at very cheap prices. Moreover, each university can mold its own curriculum based on the approved national schema. Since the country has a low doctor to patient ratio, it brings a great opportunity. Moreover, the language barrier is no issue since the country is the largest South East Asian region making it easy for international students. This can be ascertained by the fact that 1 out of 10 doctors in America are medical graduated from Philippines. Furthermore, the country has a 90% literacy rate making it an education centric country.

3. “High Cost:” Private Medical Universities have high Fee Structure Compared to Public Medical Universities

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Colleges such as UV Gullas College of Medicine which offer Pre-Medicine Program (BS Biology) and a 4-year MD charge over PHP 1,000,000 for the 5-year program. A 5-year integrated BS + MD program at the Lady of Fatima University costs over PHP 2,000,000 These represent Private Universities and hence have a higher fee. Public Universities colleges such as the College of Medicine at the Mindanao State University charge over PHP 6,000,000 for the 4-year MD program, excluding the BS program, which foreign students mostly pursue.

The total market size for the India Payment service market has risen to approx. INR 73,000 Tn. in 2022. Will India be able to sustain the growth trajectory?

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1. Central Bank Digital Currency (CBDC) as India’s official digital Rupee, is further expected to strengthen the Indian payments market

Click to Read Article: India Payment Service Market

As per Union Budget 2022-23, to boost India’s digital economy, the Reserve Bank of India (RBI) will soon be launching the Central Bank Digital Currency (CBDC) as India’s official digital Rupee, which is further expected to strengthen the Indian payments market.

Digital innovations would play a pivotal role in improving financial inclusion and providing ease of service across domains of retail banking, payments, wealth management and insurance. Despite the rapid developments in the recent past, there is substantial scope for India to catch up on its digital reach.

Surge in growth of electronic payments in India, along with rising E-commerce and M-commerce transactions are further expected to give a boost to numerous entities including payment gateway service providers and payment aggregators that facilitate online payments in the country. Besides all these advancements, cash still dominates the entire payment landscape in India and is further expected to hold a majority share in future.

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2. Over the years, money has transformed from coins to physical cash and is now available in electronic / digital form or plastic cards as DEBIT and CREDIT cards

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• Debit Card data is updated monthly, averaging 300 Unit Mn from Apr 2004 to Feb 2023, with 227 observations.
• The data reached an all-time high of 1400 Unit Mn in Oct 2019.

Plastic cards for instance, ATM cards, debit and credit cards are used by customers as an electronic payment tool, thereby helping in clearing and settling the payment process. Increasing penetration of credit cards in metro areas coupled with rising usage of RuPay cards in tier 2 and tier 3 cities are some of the driving forces in India consumer payments landscape. In terms of total number of outstanding cards, debit was observed to grow at a five year with a positive CAGR.

Global Catering Market Is Growing At A CAGR Of ~% In 2017-2022 And Is Expected To Reach USD ~ Bn By 2027 – Ken Research

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What is the Size of Global Catering Industry?

Global Catering Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027.

The Global Catering Market is largely driven by urbanization and changing lifestyles. There has been a change in the demand for catering services in recent years, supported by the quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Furthermore, the market for catering services is growing because of factors including hectic lifestyles and difficulties associated with cooking at home.

The growing preference among customers for fresher, healthier foods is boosting the worldwide catering services market. The catering service operators have shifted their emphasis to providing healthier meals made in-house using fresh ingredients. The market is expanding because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food.

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Global Catering Market By Service Type

The Global Catering Market is segmented by service type into contractual and non-contractual. There is a preference towards the contractual catering service segment as contract catering has emerged as a cost-effective way of managing food services in a very less stressful manner for various events. Owing to this, contract catering is being rapidly adopted across diverse sectors, including education, corporate, healthcare, defense, sports, senior care, aerospace, etc.

Global Catering Market By End User

The Global Catering Market is segmented by end-user type into healthcare, corporates, education, hospitality, industrial, in-flight and others. The event sector has the largest share as events and function happens in all the other sectors and they need catering services.

Global Catering Market By Region

The Global Catering Market is segmented by region into North America, Europe, Asia-Pacific, Middle East & Africa and South America. The Asia-Pacific has the largest share in all the region owning to hectic lifestyle, urbanization, taste and preferences.

Global Catering Market By Basis Of Applications

The Global Catering Market is segmented by basis of applications type into wedding caterings, corporate caterings, social events catering and others.

Competition Scenario In Global Catering Market

Global Catering Market is at growing stage and has highly fragmented market. There more than 50 thousand players in market. Top players such as Compass Group Plc, Aramark Corporation and AVI Food Systems in Global Catering Market hold major market share. The market is largely driven by rising demand for healthier fresh food and international cuisine and rising culture of on-site catering.

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What is the Expected Future Outlook for the catering Market Across the globe?

The Global Catering Market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Catering Market is driven by customers' growing preference for fresher, healthier foods is driving growth in the global catering services market. Catering service providers have shifted their focus to providing healthier meals prepared in-house with fresh ingredients. The market is expanding as a result of a greater emphasis on implementing technology to improve the customer experience and reduce time spent waiting for food. Specialized catering services are becoming more popular as global multinational corporations rapidly expand into emerging markets. Catering businesses now offer healthy dining options such as organic meals, a balanced vegan diet, and healthy snacks as a result of the worldwide trend of rising health consciousness.

The growing demand for locally produced fresh farm produce, such as fruits, vegetables, and meat items, is fueling the catering services market.

In addition, hotels and restaurants are developing novel catering services, which are expected to fuel the catering service industry.

Although factors such as the growing preference for home-cooked foods may impede market growth, the increasing popularity of online catering is clearly driving market growth. Our researchers examined the data with 2022 as the starting point, as well as the key drivers, trends, and challenges. A comprehensive analysis of drivers will assist businesses in refining their marketing strategies in order to gain a competitive advantage.

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Global Catering Market

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The Malaysia Automotive Lubricants Market is poised to become a $ 13 Billion Market via effective distribution strategies, Will it be Cost Effective? : Ken Research

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Automotive Lubricants in Malaysia is expected to Generate MYR 13 Bn by selling over 280 Mn Litres of Lubricants: Ken Research

1. “Concentrated at one place?”: Federal Territories and Penang are the Current Hotspots for Automotive Lubricants Market with Highest Density of Vehicle/Per Person in Malaysia

Click to Read Full Article: Malaysia Automotive Lubricants Market

Federal Territories Account for the Highest Number of Vehicles on Road (over 6 Million) in Malaysia during the year 2020.This directly has a positive impact on the lubricants market based in Malaysia. Regions such as Kuala Lumpur(vehicle density: 3 vehicles per person), Selangor( over 3 thousand vehicles on road), Melaka( over 800 thousand vehicles on road)  & Johor(over 3000 thousand vehicles on road) are currently the biggest commercial hubs of the country which means that they have the highest number of vehicles operating in & out on a daily basis thereby providing a great opportunity for the lubricant manufacturers. Moreover, Selangor, Penang and Kedah are the major manufacturing hubs for the automotive industry in Malaysia which again serves the lubricants market in a positive way.

2. “Dependent on distributers:” Majority of the Sales for Automotive Lubricants are carried out by the distributors and OEMs that partner with the manufacturers in Malaysia.

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The Lubricants Market in Malaysia is dependent on the distributers & OEMs for the sales part of their market. Currently, the market is divided between distributers, OEM & fuel stations with each of them capturing a market share of over 50%, 40% & 5% respectively. The dependence can also be ascertained by the fact that companies which are currently market leaders are at the risk of downfall owing to their poor distribution channels. For instance, Shell, which has been in the market since 1901, has weak associations with local workshops which might hamper the sales of lubricants as Petronas and Castrol are continuously trying to take over the local workshops.

3. “Partnering is vital for future growth:” Building Efficient Distribution Channel, Introduction of Products on E-commerce are some of the practices that can help in future growth of Malaysia Automotive Lubricants Market

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Private vehicle owners are dependent on mechanics while selecting lubricants, hence it is very important for manufacturers to partner with workshops to sell their lubricants. Companies can also make them exclusive retailers of their lubricants. Moreover, manufacturers can partner with OEMs to become their lubricant supplier and they can also become co-branding partners. The importance can be ascertained by the fact that Distributor Sales at Supermarkets/Hypermarkets are expected to grow at the highest CAGR of over 8% during 2020-2025.