Tuesday, April 25, 2023

UAE Courier, Express & Parcel Market is Poised to become an AED 55 Bn industry by 2025. Will it be able to achieve it?: Ken Research

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The UAE is a major trading hub in the Middle East, and the country's CEP market is dominated by international B2B deliveries. The International CEP segment dominates the market, accounting for more than half of the total market revenue, and is expected to grow further during the forecast period. The substantial share of cross-border online shopping contributes to the expansion of the international CEP market. The country's initiatives to develop cross-border e-commerce are expected to fuel the segment's growth. Dubai Customs launched the Cross Border e-commerce platform in January 2020 in order to make the country a global hub for e-commerce and to encourage e-commerce companies to set up shop in Dubai.

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1. High number of orders are placed during Quarter Endings, Year Endings and Ramadan in UAE.

There is a high demand for express delivery services from April to August, because of the various festivals in UAE. This contributes to the fair share of revenue to the CEP market in the country. Moreover, B2C shipments witness a huge surge owing to the summer vacations and festive period. Amazon Prime Day and other sales campaign fall in this period

This increases the express delivery frequency more than the months without any offers. Moreover, it is during festive days when gifts and wishes are being sent to the loved ones, that is near Christmas, Easter, New Year etc. Another variation can be during the Black Friday & Singles Day period when Emiratis tend to shop online to get the maximum benefits.

2. UAE Trade Lanes have significant volume of Trade with Three Geographies viz., Asia, Europe and MENA region.  

UAE Courier Service Market 

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Dubai’s total foreign trade value in 2018 attained AED 1.3 trillion (US$353.9 billion). UAE Trade Lanes have significant volume of Trade with Three Geographies that are Asia, Europe and MENA region. The International CEP segment dominates accounting for more than 65% of the total market and is expected to continue the growth through the forecast period. The significant share of cross-border online shopping is also contributing to the growth of international CEP market. Moreover, the country’s initiatives towards the development of cross-border e-commerce are expected to foster the growth of the segment. In Jan 2020, Dubai Customs has launched Cross Border e-commerce platform to make the country a global hub for e-commerce and to encourage e-commerce companies to establish their businesses in Dubai.

3. There is a significant presence of international & domestic express companies owing to high volume of cross-border trade.  

UAE Courier Service Market

Domestic players have contributed through effective collaborations with global companies in order to enhance their reach to the remote areas of the country. Various international express companies have entered the market owing to well connectivity with the GCC countries, high volume of international trade, shipments from overseas family members and increase in business activities.

4. Integration of New Technology have driven the growth in UAE CEP Industry.    

UAE Courier Service Market

CEP companies have been developing new technologies and experimenting new supply chain models to increase parcel volumes and expedite deliveries. With the growing demand for on-time deliveries and increasing preference towards convenience, companies are developing solutions such as Pickup Drop-off (PUDO) points, automated parcel delivery terminals. In Nov 2019, Aramex has launched a new PUDO service called ‘Aramex Spot’ in UAE and Saudi Arabia. Moreover, warehouses are becoming automated with the aid of robotics and automation, and companies are experimenting on autonomous vehicles and drone deliveries for efficient and faster last mile deliveries. Furthermore, many tech-based start-ups are helping e-commerce companies, as well as traditional brick and mortar stores to deliver at low costs.

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UAE Courier Service Market

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Due to rising demand of contactless payments, along with shifting consumer preferences towards cashless mode of payments by advent of COVID-19 is fuelling the expansion of Credit Card Industry in India: Ken Research

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Credit Card Industry in India: The credit card industry in India is undergoing changes, with entry of players in the New-Generation cards as well as the Buy-Now-Pay-Later segment. Traditionally, the segment has been dominated by banks such as HDFC, SBI, ICICI and Axis. Newer business models such as New-Gen cards and BNPL are also making their way in India. The Indian payments industry has witnessed a dramatic shift in recent years in terms of the adoption of digitized technologies and innovations that process transactions within a matter of seconds. As we transition toward a more digital world, the role of credit cards is becoming even more important to facilitate online payments. The demand for online payments is ever growing and service providers are constantly innovating themselves to offer rewarding services to their users.

Adoption of Contactless Payments: The need for contactless payments has seen a spike, especially due to the pandemic, giving rise to increased demand for contactless payments. This in turn has led to increased issuance of credit and debit cards in the country. Moreover, the increasing demand for payments through wearables is also driving the credit card industry.

Buy Now, Pay Later: Many fintech players are now offering the buy now, pay later solutions allowing consumers to split their purchase into multiple payments. Consumers can use a BNPL card to make interest-free installment payments on any purchase. This convenience in payment method also attracts them to choose credit options for their payments over other modes of payment.

Rewarding experience: Several consumers switch to using credit cards to avail the benefits that these cards offer in terms of rewards or cashbacks. Today, rewards come as a standard on many credit cards in the form of co-branded cards, giving cardholders a reason to use them in the long-term. With exciting rewards in store for users, while making payments, customers are increasingly inclined towards using credit cards for making payments relating to their daily needs, shopping, travel, etc. This has called for increased partnerships between banks and FinTechs in order to meet the growing demands of their customers and issue cards to them that offers exceptional consumer experiences.

Fintech disruption: In the last few years, the credit space has seen some of the most popular offerings globally by neobanks. New players are entering the credit space in India and have started providing credit cards and digital lending via BNPL, EMI and other services. FinTechs are also focusing on bringing out co-branded cards with features and rewards dedicated to a segment. Banks are also exploring partnerships with FinTech players to acquire new customers to their platforms. FinTechs have opened up new avenues for the credit industry to tap into the large customer base without credit history.

The publication titled Indian Credit Card Industry Outlook to 2027: Driven by adoption of contactless payments, shifting consumer preferences towards cashless mode of payments, rising disposable income and digitalization” provides a comprehensive analysis of the credit card industry in India. The report covers various aspects including credit card industry market size on the basis of revenue, market overview, genesis of the market, India credit card industry Cycle, overview of credit card services/ Products, ecosystem of entities in the Indian credit card industry, consumption expenditure and borrowing trends, emerging business models- Loan against Credit Cards, value chain analysis of credit cards, growth drivers, restraints and challenges, major trends and developments, alternative assessment for NIP (no-income-proof) customers for credit card offerings, collection risks associated with credit card, key metrics of credit card issuers in India, government initiatives in the Indian credit card industry, Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jan Dhan Awas Yojana (PMAY), collection risks associated with credit card, initiatives to promote access to data & innovation, regulatory sandbox, launch of India stack, recognising P2P lenders, increase in number of fintech start-ups, growth of digital lending, and evaluation of KYC norms. Insights on competitive landscape of credit card industry, company profile of major FinTechs players operating in the ecosystem on the basis of Company Overview, About the Company, Revenue Model, Funding and Investors, Key Features, Fee Structure, Product Offered, Strengths, Recent Developments, Key Takeaways and Financials- 2018,2019,2020 & 2021 and company profile of major Bank players operating in the ecosystem on the basis of Bank Overview, About the Company, Business Model, Product Offered, Key Features, Strengths, Recent Developments and Key Takeaways is also covered in the report. The report also covers Business Model Analysis of NewGen Cards, Business Model Analysis of BNPL Cards and Business Model Analysis of Loan EMI Cards. Further report also focuses on the Indian Credit Card Market Segmentation By Purpose of Usage, By Payment System Operator, By Type of Credit Card, By Average Ticket Size of Loan Disbursement . Indian Credit Card Market report concludes with projections for the future of the industry including forecasted industry size by revenue by 2027, and analysts’ take on the future highlighting the major opportunities.

Indian Credit Card Industry

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Key Segments Covered in Indian Credit Card Industry

Indian Credit Card Market

By Purpose of Usage

  • Shopping/ Non-ATM Purpose
  • ATM Withdrawals

By Payment System Operator

  • Regular VISA
  • Peer to Peer Mastercard
  • Rupay
  • America Express
  • Others

By Type of Credit Card

  • Personal Credit Card
  • Commercial Credit Card

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By Average Ticket Size of Loan Disbursement

  • Less than Rs. 25,000
  • Between Rs 25,000- Rs. 50,000
  • Between Rs. 50,000- Rs. 100,000
  • More than Rs. 100,000
  • Business Model Analysis of NewGen Cards
  • Business Model Analysis of BNPL Cards
  • Business Model Analysis of Loan EMI Cards

Overview of India Credit Card Industry

  • Comparison of Indian Credit Card Industry with Other Countries
  • Value Chain Analysis of Credit Cards
  • Scope for the Credit card in Semi-Urban and Rural India

Key Target Audience

  • Credit Card Issuing Banks
  • New Gen Credit Cards Players
  • Traders Loan EMI Credit Cards Players
  • Banking Institutions Payment System Operators
  • Regulatory Bodies BNPL Credit Cards Players
  • FinTechs
  • Various International Digital Lending Platforms and Players
  • New Entrants in Credit Card Space
  • Potential Credit Card Users

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Time Period Captured in the Report:

  • Historical Period: FY’2017-FY’2022
  • Forecast Period: FY’2022-FY’2027F

Indian Credit Card Industry Players/Ecosystem

Credit Card Issuing Banks

  • HDFC Bank
  • SBI
  • ICICI
  • Axis Bank
  • IDFC Bank
  • RBL
  • IndusInd Bank
  • Citibank
  • Bank of Baroda
  • Standard Chartered Bank
  • Kotak Bank
  • South Indian Bank

New Gen Credit Cards

  • Slice
  • OneCard
  • UniPay Card

Loan EMI Credit Cards

  • Bajaj Finserv
  • Tata Capital
  • HDFC EasyEMI
  • Home Credit India

Cards BNPL Credit Cards

  • Simpl
  • ZestMoney
  • LazyPay
  • CASHe
  • PostPe
  • Amazon Pay Later
  • Flipkart Pay Later
  • Ola Postpaid
  • Paytm Postpaid
  • Flexmoney
  • ICICI PayLater

Payment System Operators

  • Visa
  • Mastercard
  • American Express
  • Rupay
  • UPI

Key Topics Covered in the Report

  • Overview and Genesis of Indian Credit Card Market
  • India Credit Card Industry Cycle
  • Overview of Credit Card Services/ Products
  • Consumption Expenditure and Borrowing Trends
  • Emerging business models- Loan against Credit Cards
  • Socio-Demographic Outlook of India
  • Economic Outlook of India
  • Bank Loan Rates
  • Financing Options in India
  • Overview of India's Banking Industry
  • Digital Payment Growth v/s Cash Payment Growth
  • India Credit Card Industry Introduction
  • Comparison of Indian Credit Card Industry with Other Countries
  • Ecosystem of Entities in the Indian Credit Card Industry
  • Value Chain Analysis of Credit Cards
  • India Credit Card Market Sizing on the basis of number of credit cards outstanding, Number of Credit Cards Issued by Issuer Bank. Credit Card Transaction by Volume & Value and Annual Credit Card Spend and Monthly Transactions
  • India Credit Card Market Segmentation (By Purpose of Usage, By Payment System Operator, By Type of Credit Card, By Average Ticket Size of Loan Disbursement).
  • Business Model Analysis of NewGen Cards
  • Cross Comparison of Major Players in the NewGen Cards Segment
  • Business Model Analysis of BNPL Cards
  • Cross Comparison of Major Players in the BNPL Cards Segment
  • Business Model Analysis of Loan EMI Cards
  • Cross Comparison of Major Players in the Loan EMI Cards Segment
  • Trends and Developments
  • Growth Drivers of the Indian Credit Card Industry
  • Restraints and Challenges
  • Alternative Assessment for NIP (No-Income-Proof) Customers for Credit Card Offerings
  • Collection risks associated with credit card
  • Key Metrics of Credit Card Issuers in India
  • Government Initiatives in the Indian Credit Card Industry
  • Pradhan Mantri Jan Dhan Yojana (PMJDY)
  • Pradhan Mantri Jan Dhan Awas Yojana (PMAY)
  • Initiatives to Promote Access to Data & Innovation
  • Regulatory Sandbox
  • Launch of India Stack
  • Recognising P2P Lenders
  • Increase in number of Fintech start-ups
  • Growth of Digital Lending,
  • Credit Growth in Rural India
  • Evaluation of KYC Norms
  • Company profile of major Bank players operating in the ecosystem (Bank Overview, About the Company, Business Model, Product Offered, Key Features, Strengths, Recent Developments and Key Takeaways)
  • Company profile of major FinTechs players operating in the ecosystem (Company Overview, About the Company, Revenue Model, Funding and Investors, Key Features, Fee Structure, Product Offered, Strengths, Recent Developments, Key Takeaways and Financials)
  • Analyst Recommendations
  • Industry Speaks

For More Insights On Market Intelligence, Refer To The Link Below: –

Indian Credit Card Industry

Related Reports by ken Research: –

India Buy Now Pay Later Market Outlook to 2026

India ATM Managed Services Outlook to 2026

Asia Credit Cards Market Outlook to 2025

Monday, April 24, 2023

From Pandemic to Prosperity: How KSA's On-Demand Home Service Market Crosses $1 Bn in 2022? And what’s more? : Ken Research

On-Demand Home Service Industry in KSA is expected to growth at a robust CAGR of 7.5% in next 5 years, says a report by Ken Research

1. Resilience Amidst Adversity: On-Demand Home Services in KSA Remain Least Impacted by COVID-19's Economic Fallout.

Since the first confirmed case of COVID-19 was announced in KSA on March 2, 2020, the country's economy has been significantly affected. However, the on-demand home service market has shown resilience throughout the pandemic. The Saudi authorities adopted a lockdown strategy on March 8, 2020, to contain the disease, and during the second wave observed on February 21, 2021, gatherings were restricted, and people avoided crowded areas, leading to a boost in the home services industry. Even during the Omicron-driven COVID-19 wave that hit KSA on December 1, 2021, the on-demand home service business remained unaffected. As of August 26, 2022, residents of KSA have adapted to the new normal, and the on-demand home service market continues to thrive.

KSA On-Demand Home Service Market

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2. Revolutionizing the Residential Property Market: How 'Sakani' Initiative by Saudi Ministry of Housing is Set to Boost the On-Demand Home Service Market.

With a current population of 32 million and a growth rate of over 2% annually, Saudi Arabia is facing a housing shortage that is exacerbated by the demand from expatriates, who make up about 5.5 million of the country's workforce. To address this issue, the government is encouraging developers to construct affordable housing projects, and banks are being provided with mortgage options to make it easier for Saudi youth and expatriates to afford real estate, particularly apartments. In line with this, the Saudi Ministry of Housing has unveiled plans to build approximately 19,500 homes for its citizens under the 'Sakani' housing development program. These initiatives are expected to increase home ownership rates, leading to a potential boost in the Saudi residential property market, which could have a positive impact on the on-demand home services industry.

KSA On-Demand Home Service Market

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • Existing Debt Collection Companies
  • Law Firms
  • Financing Companies
  • Non-Financing Companies
  • Insurance Companies
  • Debt Collection & Management software providers
  • Government Agencies
  • Finance Consultants
  • Others

Time Period Captured in the Report

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

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Companies

Service Providers

  • Com
  • Extra
  • Tamam
  • Kone
  • Albaap
  • Healthy Home
  • New Vision
  • Jawa Hr
  • Muheel

Marketplaces

  • B8ak
  • Urban Company
  • Smasco
  • Firstfix
  • Serviis
  • Maharah
  • Dari
  • Justlife
  • Fanni

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA On-Demand Home Service Market

Related Report by Ken Research: –

UAE On-Demand Home Services Industry Outlook to 2026

Global Automotive Camera Market is expected to reach ~USD 20 Bn by 2028F: Ken Research

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Competition Scenario In Global Automotive Camera Market

The automotive camera market is highly competitive with ~100 players that include globally diversified players, regional players as well as a large number of country-niche players who have their niche in automotive cameras.

Regional players comprise ~45% of the total number of competitors, while the country-niche players comprise the second highest of the total number of competitors. Some of the major players in the market include Garmin Ltd., Panasonic Holdings Corporation, Continental AG, Autoliv, Robert Bosch GmbH, Magna International Inc., OMNIVISION, ZF Friedrichshafen AG, Aptiv, and STONKAM CO., LTD., among

What Is The Expected Future Outlook For The Overall Global Automotive Camera Market Across The Globe?

The Global Automotive Camera market was valued at USD ~billion in 2022 and is anticipated to reach USD ~20 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. 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 Automotive Camera market is driven by the growing consumer demand for active safety systems coupled with increased penetration of camera-based convenience features in passenger cars and commercial vehicles. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Automotive Camera market is changing rapidly. For instance, In June 2020, OMNIVISION launched an OX03C10 ASIL-C automotive image sensor, which is a large 3.0-micron pixel size with a high dynamic range (HDR) of 140 dB and the best LED flicker mitigation (LFM) performance for viewing applications with minimized motion artifacts.

In July 2020, ZF Friedrichshafen AG launched a new S-Cam 4.8, a next-generation ADAS camera. The new camera has enhanced vision technology and can significantly expand the 100-degree field of view for enhanced AEB, semi-automated vehicle function, and lane keeping. The company aimed to enhance its product portfolio.

The global automotive camera market is forecasted to continue exponential growth, primarily driven by the surging demand for active safety systems among consumers. Furthermore, the rising penetration of camera-based convenience features in luxury vehicles along with the increasing installation of ADAS in vehicles is expected to fuel the growth of the market. Though the market is highly competitive with ~100 participants, regional players control the dominant market share.

Global Automotive Camera Sector

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Key Topics Covered in the Report

  • Snapshot of the Global Automotive Camera Market
  • Industry Value Chain and Ecosystem Analysis of the Automotive Camera Market
  • Market size and Segmentation of the Global Automotive Camera Market
  • Historic Growth of the Overall Global Automotive Camera Market and Segments
  • Competition Scenario of the Automotive Camera Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Automotive Camera Industry
  • Overview, Product Offerings, and Strategic Developments of Key Competitors
  • COVID-19 Impact on the Overall Global Automotive Camera Market
  • Future Market Forecast and Growth Rates of the Global Automotive Camera Market and by Segments
  • Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
  • Analysis of the Automotive Camera Market in Major Regions
  • Major Production / Consumption Hubs in the Major Regions
  • Major Production/Supply and Consumption/Demand Hubs in Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Automotive Camera Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

  • Garmin Ltd.
  • Panasonic Holdings Corporation
  • Continental AG 
  • Autoliv
  • Robert Bosch GmbH
  • Magna International Inc.
  • OMNIVISION
  • ZF Friedrichshafen AG
  • Aptiv
  • STONKAM CO.,LTD.

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Notable Emerging Companies Mentioned in the Report

  • Mobileye N.V.
  • Valeo
  • Canon
  • Zebronics
  • Renesas

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

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

Global Automotive Camera Market

Increasing investments &acquisitions, positive impact of Covid-19 and growing demand for sheet fed labelling had driven Global, Middle East & KSA In-mold labelling Market: Ken Research

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Focus On Growing Investments and Increasing Use of In-Mold Labeling in Various Industries Are Major Factor Contributing Towards Development of In-Mold Labeling Market in Middle East & KSA.

Increasing investments & acquisitions: Major investments in the In-mold label market has fueled the growth over the past few years. For instance, investments of USD ~ 2.75 Mn in sheet fed offset printing in middle east led by Al Ghurair printing in Heidelberg XL106 – 10P+L(X4) IML machine and printing technology installation. Another prominent player Al Jawad has also increased its sheet fed offset IML printing capability to 4 machines with the installation of KBA Rapida 106 printing machine to go along with 3 older sheet fed presses.

Positive impact of Covid-19: With the rise of e-commerce and changes in the consumer shopping habits due to lockdown, the demand for packaged goods has skyrocketed. This, in turn, has led to an increase in demand for in-mold labeling solutions, as manufacturers seek to differentiate their products and improve the overall packaging experience for consumers. Furthermore, the pandemic has also accelerated the demand for pharmaceutical products in-mold labeling as it provides a tamper-resistant labeling solutions and prevent counterfeiting which also helps to improve patient safety.

Advantages of Sheet fed labeling: Sheet fed In-mold labeling provides high resolution colors & images for labels as it is compatible with a wide range of colors and can be displayed on both sides of the package. Sheet fed IML is a powerful platform for enhancing graphic effects, enabling business owners the flexibility to respond to creative design ideas using flat, curved, or 3D-formed graphics giving the in-mold container, a clean, smooth, integrated & unlabeled look as opposed to PML, it can also withstand both humid environments & extreme temperature fluctuations (freezing/ cooling conditions). Furthermore, for mass production, Sheet fed IML containers take less time to manufacture because it is produced and decorated in one step to form a single product thus reducing the post labelling operational cost.

Analysts at Ken Research in their latest publication Globally, Middle East & KSA In-mold Labeling Market Outlook to 2027F - Driven majorly by increasing inclination towards aesthetically appealing no-label look, environmental sustainability, & cost-effectiveness” by Ken Research observed that Global, Middle East & KSA In-mold labeling market is in the growing phase, growing at CAGR of  7% for KSA & Middle East market and Globally 2% between 2019-2022 owning to the increasing investments, positive impact of covid-19, growing demand for sheet fed labels, inclination towards attractive packaging and high product security. It is expected that Global, Middle East & KSA In-mold market will continue to grow, at a CAGR of ~5%, ~12%, ~8% respectively for the 2022-2027F forecasted period.

Global In-Mold Labeling Market

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Key Segments Covered

Global In-Mold Labelling Market:

By Print Technology, 2022 & 2027F:

  • Offset Lithography
  • Flexography
  • Roto Gravure
  • Screen Letterpress
  • Inkjet

By End-User, 2022 & 2027F:

  • Food and Beverages
  • Household Care
  • Cosmetic
  • Industrial
  • Healthcare
  • Others

By Geography, 2022 & 2027F:

  • Europe
  • Asia Pacific
  • North Americans
  • Middle East
  • Others

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Middle East & KSA In-Mold Labelling Market:

By Print Technology, 2022 & 2027F:

  • Offset Lithography
  • Flexography
  • Roto Gravure
  • Screen Letterpress
  • Inkjet

By End-User, 2022 & 2027F:

  • Food and Beverages
  • Household Care
  • Cosmetic
  • Industrial
  • Healthcare

Key Target Audience

  • Plastic Product Manufacturer
  • Medical Device Manufacturer
  • Electrical and electronics industry players
  • Packaging Companies
  • Automotive Companies
  • Durable Goods Manufacturer
  • Related Government Agencies
  • New Entrants

Time Period Captured in the Report:

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

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Companies Covered:

  • Korsini Packaging
  • Al Ghurair
  • Al Jawad Plastic & Flexible Factory
  • Safeer Pac
  • Al Marai
  • Al Safi Danone
  • Halwani Bros.
  • Oasis Ameron
  • Jazeera Paint
  • Clorox Abudawood
  • Knooz Al-Ardh
  • SIDCO
  • Wafir

Key Topics Covered in the Report:

  • Value Chain for IML Market
  • Global IML Market Size
  • Overview of Middle-East & KSA IML Market
  • SWOT Analysis of Sheet fed IML Market
  • Porter’s five forces analysis of Sheet fed IML Market
  • Trends & Development of Sheet fed IML Market
  • Issues & Challenges of Sheet fed IML Market
  • Growth Drivers of Sheet fed IML Market
  • Advantages of Sheet fed IML Market
  • Comparison of Sheet Fed Label Printing over Web Press Printing
  • Covid-19 Impact on Sheet fed IML Market
  • Cross Comparison of Major Players in Sheet fed IML market (Inception, Office Networks, Service Provided, Headquarter, Product information, Industries Served, Competitive advantage, contact information, parent company, machinery used , certification, office location, pre-printed material used, name of clients, employees, vol sold to moulders, no of printing units , revenue, updated technology).
  • Analyst Recommendations

For More Insights On Market Intelligence, Refer To The Link Below: –

Global, Middle East, & KSA In-Mold Labeling Market

Related Reports by ken Research: –

Global In-Mold Labelling System Industry

Friday, April 21, 2023

There Are Around 1200 Fitness Establishments In The Year 2020 In Kingdom Of South Arabia. Will There Be A Rise In The Number In The Near Future?: Ken Research

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What motivates each of us to work out is different: maybe it’s a health problem, an issue with sleep, a special event you want to look great for or simply wanting to feel better and healthier in your own skin.

KSA Fitness Service Market

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Majority of the people consider being healthy, by eating healthy food and being in the best shape of their body. They regard their health in high importance.

1. Location, Services Offered and Membership Charges are some of the important factors taken into consideration before joining a fitness center.

KSA Fitness Service Market

  • Offering programs that are relevant to women and to millennial such as Ladies only Fitness Centres or separate timings for ladies in a unisex gym to encourage women participation.
  • Providing Pre-Scheduled Women Only Group fitness Classes to encourage participants. Provisions provided are:
    • Large room
    • Energy and motivation of a big group
    • Specialized Group Fitness instructor
    • Convenient schedule times
    • Offering Virtual Classes to provide flexibility and convenience and encourage participation in all age groups such as Older Generation and House working ladies without the need of stepping out at home.
  • Providing additional Luxury Experiences such as Sauna, Spa, Nutritionists, Health Consultants in the Gyms.
  • Promoting different aspects to users or considerers with focus on ambience, music, quality and providing additional utilities such as In-house Dieticians/Nutritionists.

2. Nowadays campuses and hospitals include state of the art Gyms and Fitness centers. Also, many of them are including the gym fees in their tuition fees.

KSA Fitness Service Market

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  • Majority of the Universities’ faculty members, Staff, Families and Students can enjoy Gym Classes and that too free of Cost.
  • The universities usually do not charge a separate membership charge and is inclusive in the curriculum fees. Students usually prefer to work out early in the morning before their classes (6am -9pm) or post college in the evening hours (5pm -8pm).
  • Separate gyms for males and Females along with segregated lockers, showers and changing areas. The Air conditioned Gyms has trainers who organizes classes for Yoga, Zumba, Spinning, Pilates, and more. Few Universities have swimming pools and indoor sports such as Badminton, Football, Netball and Basketball.

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

KSA Fitness Service Market

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The Global Warehouse Management System (WMS) industry is in its early stages, with technology adoptions in warehouses increasing rivalry on price and partner networks with several international firms: Ken Research

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Expansion of E-commerce, Omni-channel Fulfillment, and Transitioning Towards Cloud-based Systems have supported the market growth of WMS all over the globe. 

Technological developments are increasing demand: With the advent of automation, distribution channels are undergoing significant changes that are redefining the sales process mechanism. Additionally, the growing use of warehouse management systems in e-commerce and 3PL industries and technological advancements are ramping up the demand for WMS as they continue to set up new warehouses across the globe. Moreover, increasing globalization of business leads to efficient supply chain management.

Integration of Smart Drones: The manufacturing sector is one of the key sectors to use WMS as it helps in delivering a powerful, flexible, and scalable real-time WMS that helps in boosting productivity, reducing costs, increasing customer satisfaction, reducing order fulfillment times, and also developing a faster return on investment (ROI). In addition, the surge in the adoption of multichannel distribution networks is fueling the growth of the WMS services market. The demand for WMS has increased significantly and logistics and supply chain companies are rapidly adopting WMS to improve their operations and increase the efficiency and productivity of the warehouse.

Increasing Focus on Digitalization: Rapid digitization and a rise in public & private investments in infrastructure development boosted the demand for system integration solutions and maintenance globally. The growing use of the Internet of Things (IoT) and rising advancements in cloud technologies in distributed information systems such as real-time process control and telecommunication networks are some major factors contributing to the growth of the system integration market.

Increasing Focus on Digitalization: With increasingly high expectations from customers and clients, inventory tracking is becoming more critical to warehouse management leading to failed deliveries, costing time and money. Moreover, the rising concern for privacy and security of data amongst enterprises is a major issue in WMS. Further, the lack of awareness about WMS in small and medium-sized enterprises is expected to obstruct market growth.

Analysts at Ken Research in their latest publication Global WMS Market Outlook to 2028 - Driven by the rising trend of e-commerce, expansion of warehouses coupled with technological advancements and favorable government policies” observed that the Global Warehouse Management System market is in a growing phase. Increasing integration between automated & manual processes, Expansion of E-commerce and Omni-channel Fulfillment, Mitigation of Distribution Costs, and Transitioning Towards Cloud-based Systems are some of the factors that have contributed to the Global Warehouse Management System market growth. It is expected that the Global Warehouse Management System market will grow at a CAGR of 15.2% for the 2022-2028 forecasted period.

Global WMS Market

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Key Segments Covered

Global Warehouse Management System Market:

By Component:

  • Services
  • Software

By Deployment:

  • Cloud
  • On-premise

By Application:

  • Manufacture
  • Retail
  • Healthcare
  • Food & Beverage
  • Transport & Logistics
  • Others

By Function:

  • Systems Integration & Maintenance
  • Billing & Yard Management
  • Labor Management System
  • Analytics & Optimization
  • Consulting Services

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By Region

  • Europe
  • North America
  • Asia-Pacific
  • South America 
  • Middle East & Africa 

Key Target Audience

  • Logistics Companies
  • Logistics Consultants
  • Warehouse Management System Market Players
  • Warehouse Management Systems End-users
  • Warehouse Management Systems Investors
  • Potential Investors in Warehouse Management Systems Companies
  • Warehouse Automation Companies
  • Warehouse Management Systems Industry Associations
  • Warehouse Management Systems Consulting and Research Firm
  • Warehouse Management Systems Venture capitalists
  • Warehouse Management Systems Third-party knowledge providers
  • Government Authorities for Warehousing and Distribution

Time Period Captured in the Report:

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022 – 2028

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Companies Covered:

  • Körber AG (HighJump)
  • Epicor Software Corporation Oracle Corporation
  • Reply
  • Blue Yonder
  • SAP
  • Manhattan Associates Inc.
  • PSI Logistics
  • Softeon
  • TECSYS Inc.
  • FourKites
  • Infor, Inc.
  • Mad4net
  • FourKites
  • NICE Ltd.
  • Project44
  • Synergy Logistics, Inc.
  • Fishbowl Inventory

Key Topics Covered in the Report:

  • Snapshot of Warehouse Management Systems Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of Warehouse Management Systems Market
  • Historic Growth of the Overall Warehouse Management Systems Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of Warehouse Management Systems Market Industry
  • Overview, Product Offerings, and Strength & Weaknesses of Key Competitors
  • COVID 19 Impact on the Overall Warehouse Management Systems Market
  • Future Market Forecast and Growth Rates of the Total Warehouse Management Systems Market and by Segments
  • Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
  • Analysis of Warehouse Management Systems Market in Global Regions
  • Major Production/Supply and Consumption/Demand Hubs in the Region
  • Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within the Region

For More Insights On Market Intelligence, Refer To The Link Below: –

Global WMS Market

Related Reports by ken Research: –

Global Warehouse Management Systems Market

Total Digital Payment transaction value in India is expected to project over USD $300 Bn by 2027. Will India abide by this statistic? : Ken Research

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1. M-Wallet transactions are observed to grow at a massive growth rate as it saves time by not adding Card number, CVV, etc.

Click to know: Landscape of M-wallets in India

  • Compared to other payment modes in India, M-wallet service providers have emerged as the most significant contributor in promoting electronic payments in the country owing to the increasing usage of internet and smartphone users in the country.
  • In terms of transaction volume, the semi-loop wallet type established itself as market leader in India m-wallet market and was followed by closed loop wallets in FY’2021.
  • Some of the major companies having semi-closed wallets include Paytm, Mobikwik, Oxigen wallet and others whereas, closed wallet type companies include SBI E-Buddy, HDFC PayZapp and telecom operators such as Airtel Money, Jio Money, Vodafone M-Pesa and others.
  • Social gifting is on the verge of becoming a popular trend among young tech-savvy customer base which could drive money transfer through mobile wallets, especially on festive occasions in near future.
  • Over the forecast period, mobile-wallet transaction volume is further expected to increase to 10,500 Mn by the fiscal year ending 2026 and on the other hand, India m-wallet transaction size is further anticipated to increase to INR 5300 Bn in terms of transaction value by the fiscal year ending 2026.

2.  UPI systems provide incentives and rebates on practically all sorts of transactions to stimulate your interest and increase your savings

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Some major benefits of using UPI are: -

  • Instant Transactions
  • Promotes a Cashless Economy
  • Rewards and Cashback
  • Privacy Protection
  • Transactions Through Multiple Accounts

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UPI is digital payment system that allows multiple bank accounts into a single mobile application, thereby merging several banking features and merchant payments. In India, along with account holders, banks and financial institutions also make use of NPCI’s UPI platform to offer direct digital payments from accounts without sharing account details by creating a unique UPI ID or VPA (Virtual Payment Address). UPI has seen a humongous surge in recent years, owing to the sudden increase in adoption of QR based UPI transactions in retail spaces. In terms of transaction volume, UPI transactions were witnessed to increase from 18 Mn in 2017 to 4.6 Bn in 2022 whereas, in terms of transaction value, UPI transaction size went from INR 69 Bn in 2017 to INR 84,000 Bn in 2022.

Malaysia Ophthalmology Total Revenue for the period (2015-20) CAGR of 7.7%. Will Malaysia be able to grow further?:- Ken Research

 1. Specialization of the Doctor along with the location of the Clinic/Hospitals are the major factors while deciding on the Clinic for Ophthalmology.

Malaysia Ophthalmology Market

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  • 5%-10% of the eye consultations turning to eye surgeries.
  • The surgery fee varied from MYR 2,000 to MYR 10,000 depending on the type of surgery. Length of Stay is generally up to 23 Hours. A patient visits clinic 1-2 times before the surgery and 1 visit post-surgery (generally included in package).
  • Doctor Specialization and Experience is the major parameter a Patient takes into consideration while making an appointment with an Ophthalmologist. Specialization in required surgeries builds confidence in the Patient to get their Treatment from that doctor. For ex: Some Clinics have Vitreoretinal Surgeons, Refractive Surgeons etc.
  • Hospitals with Strong Brand Name in Eye Care Services attracts Patients. Services such as shorter waiting time Availability of Ophthalmologists, Operating Area, Operating Hours, Pre-Surgery Test Facilities etc. helps the Patients to identify the best Clinic as per their convenience.
  • Before taking an appointment with a New Ophthalmology Clinic, Service Portfolio is analyzed basis multiple Consultations and Surgeries the clinic offers. For Ex: Some Clinic Offers RELEX SMILE while others are also offering FEMTO-LASIK.
  • Location of a Clinic/ Hospital from the Patient’s location is equally important. For Consultations a Patient takes Appointment in the Clinic closer to the place, however for Surgeries locations of the Doctor with Specialization is selected.
  • Surgery Price Package is analyzed before making decision for the Surgery. Package of the Surgery generally include Pre & Post Surgery Appointments with the Doctor and Required Tests to conduct before the surgery.

2. Increasing No. of Private Insurance Players & Coverage Premiums for Ophthalmology cases.

Malaysia Ophthalmology Market

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  • Increase in Private Insurance coverage encourages more people to seek private medical services, including ophthalmology related medical procedures that are subsidized by insurance.
  • Ophthalmology clinics are in partner with Major Insurance Companies to provide Cataract surgery related claims. For instance: ISEC has partnered with some Insurance companies and 3rd Party Administrators to ease down the claim process. Major insurance companies include AIA, Prudential BSN Takaful, eTiQa Archipelago Insurance etc.
  • Health insurance provides some financial protection against medical & surgical expenses, which normally includes cataract & other eye diseases, but not refractive error & other eye-related cosmetic surgeries.

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

Malaysia Ophthalmology Market

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Thursday, April 20, 2023

Global Dental Services 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 Dental Services Industry?

The Global Dental Services Market is largely driven by growing awareness about dentistry among people, the rising prevalence of dental caries & other periodontal diseases, and technological developments in dentistry.

The increasing prevalence of tooth disorders is one of the key factors responsible for driving the global market growth. Tooth decay, periodontal disease, and malocclusion are the key disorders contributing to the increased demand and adoption of a wide range of implants, prosthetics, and intraoral scanners.

The Dental industry is experiencing a growth as a result of rising public awareness and a rise in the number of people choosing to improve their dental aesthetics. The industry has expanded rapidly as a result of public awareness of dental implant technology and treatments.

Artificial intelligence (A.I.) and machine learning (ML), which are examples of digital technology, have improved acceptance of innovative items in the market. Another important development in the industry is the application of robotic engineering to dental operations. The future norm in implantology will soon be less invasive, robot-assisted surgery.

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Global Dental Services Market By Type Of Services

The Global dental services market is segmented by type of services into Orthodontics, Periodontics, Endodontics, Cosmetic Dentistry, Prosthodontics, Implant ology and Others.

On the account of escalating demand for cosmetic and dental implants hold the major share of global dental service market while cosmetic dentistry is the fastest growing segment owing to correct imperfections in the appearance of the mouth.

Global dental services Market by End Users

The Global dental services market is segmented by Dental Clinics and Hospitals.

The dental clinics segment dominated the industry and accounted for the maximum share of more than half of the overall revenue. The segment is projected to expand further at the fastest growth rate maintaining its leading position throughout the forecast period.

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report 

  • Dental Service Providers
  • Dental Equipment Distributors
  • Dental Equipment Manufacturers
  • Dental Clinics
  • Hospitals
  • Healthcare Companies
  • Pharmaceutical Companies
  • Tourism Agencies
  • Government Bodies & Regulating Authorities
  • Existing dental service providers
  • New Market Entrants
  • Investors
  • Dental care Associations

Time Period Captured in the Report

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

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

Global Dental Services Market

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