How much share will New Zealand have from the growing APAC’s Parking Management Market by 2028?: Ken Research

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Story Outline

APAC is one of the most promising markets for parking management. At present, the penetration of parking management solutions is low in this region. However, it is expected that there will be an upsurge in demand in the coming years.

The rising demand for extra-wide parking spaces for will likely increase the deployment of parking management systems to ease the parking process and ensure public safety. The proliferation of mobile and smartphones is the major factor accelerating the growth of the parking management market for the forecast period of 2021 to 2028.

Asia Pacific Growth: Asia Pacific, including China, Japan, Australia and New Zealand, is the fastest-growing market for parking management due to rapid technological advancement and the adoption of smart city projects.

1. New Zealand will be a growing market under Asia Pacific during the forecast period.

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The Asia-Pacific market for parking management is on the modification and innovation stage. The rising demand for the systematic & smooth flow of traffic and strategic parking space management have been the major drivers in the parking management system in the Asia-Pacific. The New Zealand parking management market is expected to grow with a high CAGR during the forecast period. China is the dominating market due to the enhancement in demand for electricity consumption and the rapid growth in industrialization & urbanization. For instance, several governments in the region have promoted smart parking practices due to environmental concerns and the need to manage traffic. The major countries expected to witness high growth rates in the Asia Pacific region include China, Japan, Singapore, Australia, New Zealand, and the rest of the Association of Southeast Asian Nations (ASEAN) countries.

2. Navigating Challenges: Ensuring Data Security and Privacy in the Evolving Parking Management Market.

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The parking management market has significant growth potential; however, maintaining data security and privacy is a key challenge faced by the players operating in this market. The installed smart devices and sensors continuously generate a huge amount of data; this is expected to help organizations handling data gain insights about the market position of their competitors. This data is analyzed to generate actionable business insights; the majority of this data is processed at the edge and stored at the cloud from time-to-time. A majority of IoT-enabled devices are connected to various connectivity networks, such as mobile connectivity, public Wireless-Fidelity (Wi-Fi), and office Wide Area Networks (WAN). The public networks may not be as protected as they are required to be at an enterprise level. Thus, in a large-scale deployment, privacy and security are two closely related issues for IoT devices. The business data collected in the cloud and IoT-enabled devices can be accessed through various cyber threats and breaches.

3. Elevating Data Security: IoT Parking Technology as the Solution for Parking Management.

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Utilizing Internet of Things (IoT) technology in parking management offers a robust solution to address data security concerns. IoT-enabled parking systems utilize a network of interconnected devices and sensors to collect, transmit, and analyze data in real-time. By implementing advanced encryption protocols and secure communication channels, IoT-based parking solutions ensure that sensitive data remains protected throughout the data transmission process.

Moreover, IoT-enabled parking management systems can operate with a distributed architecture, processing a significant portion of data at the edge devices themselves. This approach minimizes the volume of data that needs to be transmitted and stored centrally, reducing the exposure to potential cyber threats. Additionally, the integration of blockchain technology further enhances data security by providing a tamper-proof and transparent record of transactions.

Furthermore, the use of private and secure networks, such as Virtual Private Networks (VPNs), helps establish a secure communication channel for IoT devices. These networks offer encrypted connections, shielding data from unauthorized access and ensuring that only authorized personnel can access and manage the system.

Incorporating IoT technology into parking management not only enhances operational efficiency but also offers a robust framework to safeguard data integrity and privacy. As the parking management landscape continues to evolve, the integration of IoT-based solutions stands as a testament to the industry's commitment to ensuring secure and protected data management practices.

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The parking management market is witnessing a transformative phase, driven by technological advancements and changing consumer needs. The integration of smart parking solutions, IoT-based sensors, real-time data analytics, and seamless payment systems has revolutionized the way parking is managed and experienced. As urbanization and vehicle ownership rates continue to rise, the demand for efficient parking solutions is expected to grow exponentially.

Major Players Mentioned in the Report:

• Ace Parking
• WOHR Parking Systems
• Hercules Carparking Systems
• Secure Parking
• TPS Traffic and Parking Systems
• First Parking
• Enacon Parking
• Wilson Parking
• CPP His Majesty's

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

• Shopping Mall and Retail Center Owners
• Transportation and Transit Authorities
• Event and Venue Managers
• Hospitality Industry
• Corporate Offices and Business Parks
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

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

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New Zealand Parking Management Market

Related Report By Ken Research

Australia Parking Management Market Outlook to 2028

KSA Automotive Aftersales Service Market: An In-depth Analysis: Ken Research

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In 2020, over 100 exhibitors from 12 countries showcased cutting-edge automotive aftercare products across six sections. The market is highly fragmented, with around 3,000-4,000 independent/unorganized workshops contributing to industry revenue.

STORY OUTLINE

• The Saudi Arabia automotive aftersales service market is expected to experience significant growth driven by increased sales of passenger vehicles and the rise of online automotive service providers.
• Longer vehicle lifespans resulting from the use of quality materials and manufacturing processes contribute to the growing demand for automotive repair and maintenance services.
• Road safety and environmental concerns are driving vehicle owners to seek regular maintenance and servicing, boosting the demand for aftersales services.
• E-commerce platforms and digitalization have revolutionized the market, allowing customers to conveniently compare prices, find spare parts, and access automotive services online.
• The market is expected to witness further expansion with the growing number of online service providers, offering opportunities for the automotive repair and maintenance services sector in Saudi Arabia.

The Saudi Arabia automotive aftersales service market is expected to experience significant growth with a strong CAGR from 2022 to 2027. Factors such as the rise of online automotive service providers and increased sales of passenger vehicles are driving the demand for automotive repair and maintenance services in Saudi Arabia.

1. Driving Market Growth: Increased Passenger Car Sales

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The sales of passenger vehicles in Saudi Arabia are experiencing a significant boost due to increased consumer spending capacity and a preference for private vehicle ownership. Longer vehicle lifespans, resulting from the use of quality materials and manufacturing processes, are driving the demand for automotive repair and maintenance services. The Saudi Arabian automotive repair service market reached a value of USD ~980 million in 2021, with market players focusing on providing flexible, affordable, and high-quality services to cater to the growing demand and gain a competitive edge.

2. Growing Concerns Drive Market Demand for Vehicle Safety

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With an increasing emphasis on road safety and environmental concerns, vehicle owners are more conscious of keeping their vehicles in optimal condition. Regular servicing and maintenance become crucial for ensuring safety, fuel efficiency, and reduced emissions, driving the demand for aftersales services.

From 2017, the Saudi Standards, Metrology and Quality Organization (SASO) mandated automobile manufacturers to adhere to stringent safety guidelines and measures for newly manufactured cars. Saudi Arabia has implemented over 480 standards, including 102 items pertaining to tires and spare parts, aligning with global regulations in the automotive industry as practiced in developed countries.

3. On the Fast Track: Online Channel Fuels Market Expansion

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E-commerce platforms and digitalization have revolutionized the automotive aftersales service market, offering convenient price comparisons, spare parts availability, and easy access to services, driving the growth of online providers. There were ~34 million internet users in Saudi Arabia in January 2022. Companies like Morni, Ezhalha offer roadside assistance services to customers and provide convenient access to quotes for automotive repair and maintenance services, garnering significant customer interest.

The growing number of market players offering services on online platforms is expected to create lucrative opportunities for the Saudi automotive repair and maintenance services market in the next five years. The commission charged by Ezhalha, a digital platform for car spa services, ranges from 15% to 20%. According to a report by Ken Research, the Saudi Arabia automotive crash repair market is projected to reach SAR ~2.5billion valuation by 2025, supported by factors such as increased passenger vehicle sales and the emergence of online service providers. The report highlights the rising demand for repair and maintenance services, driven by vehicle safety concerns and the convenience offered by e-commerce platforms. This growth potential underscores the opportunities in the market for industry players to capitalize on.

Italy's Lubricant Sector Aims High with Projected ~1.5% CAGR by 2027: Ken Research

 Italy's lubricant market thrives amid diverse products and key players. Industrial growth, automotive demand, and environmental concerns shape the market, while competition and sustainability challenges drive innovation.

STORY OUTLINE

• Italy's lubricants market encompasses engine, industrial, automotive, and specialty lubricants, reflecting a multifaceted industrial landscape and diverse consumer needs.
• Eni S.p.A., TotalEnergies, and Shell reshape Italy's market with energy expertise, multinational presence, and global innovation.
• Industrial expansion, automotive prowess, eco-consciousness, and technological evolution steer Italy's lubricant market towards dynamic growth and innovation.
• Stringent regulations, competition, economic shifts, and sustainability demands drive Italy's lubricant industry to adapt, innovate, and overcome hurdles for sustained success.

The lubricants market in Italy is a significant part of the country's industrial landscape. It encompasses a wide range of lubricant products, including engine oils, industrial lubricants, automotive lubricants, and specialty lubricants for various applications. Italy is home to several lubricant manufacturers, both domestic and multinational, contributing to the market's competitive nature.

1. Key Players Revolutionizing Italy's Lubricant Market

Discover More About Major Players

Eni S.p.A. (formerly known as Agip): Eni is one of Italy's largest energy companies and operates in the lubricants sector, offering a range of products for various industries and applications.

Total Energies: This multinational energy company has a presence in Italy, providing lubricants and services to the automotive, industrial, and commercial sectors.

Shell: While not an Italian company, Shell is a major global player in the lubricants market and operates in Italy, offering a variety of lubricant products and services.

2. Unveiling the Dynamics Shaping Italy's Lubricant Market

The industrial sector's growth, including manufacturing and construction, has a direct impact on lubricant demand. Machinery and equipment require proper lubrication to ensure smooth operations and longevity.

Italy has a strong automotive industry with a focus on luxury and sports cars. This sector's growth drives the demand for automotive lubricants, including engine oils and transmission fluids.

Increasing environmental regulations encourage the use of more environmentally friendly lubricants, leading to innovation and the development of bio-based and eco-friendly lubricant products.

Ongoing advancements in lubricant technology, such as synthetic lubricants and high-performance formulations, can influence market growth by offering improved efficiency and longer service intervals.

Awareness of the importance of proper machinery maintenance and lubrication can drive demand for quality lubricants as industries seek to optimize equipment performance and reduce downtime.

3. Overcoming Hurdles: Navigating Challenges in Italy's Lubricant Market

Stricter regulations on emissions, waste disposal, and environmental impact can lead to the need for reformulation of lubricant products to meet compliance standards.

The lubricants market in Italy is competitive, with both domestic and international players vying for market share. This can put pressure on pricing and innovation.

Economic fluctuations and uncertainties can impact industrial and commercial activities, subsequently affecting lubricant demand.

Increasing emphasis on sustainability and circular economy practices might require lubricant manufacturers to adopt more environmentally responsible production and disposal methods

In Conclusion, Italy's lubricants market stands as a pivotal pillar in its industrial landscape, driven by diverse products and key players. From Eni S.p.A., TotalEnergies, to Shell, innovation thrives. Dynamic market dynamics span industrial growth, automotive excellence, and environmental consciousness. Challenges are met with resilience, ensuring sustainable progress amid competition and fluctuating economic currents.

To 5 Major Players and Strategies in the KSA Seafood and Fish Feed Market : Ken Research

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Story Outline

• NAQUA: Leading aquaculture company in KSA, prioritizing sustainability, quality, and diversity with advanced technologies and eco-friendly practices.
• Saudi Fisheries: Prominent in seafood market, focuses on quality assurance, product range expansion, and diverse fish feed offerings.
• Skretting: Norwegian giant enters KSA with USD 200M investment, emphasizing global expertise, sustainability, and innovative feed formulations.
• Marine Harvest: Norwegian seafood company invests USD 120M, leveraging RAS technology for high-quality seafood, boosting fish feed demand.
• Fish Farm: Jeddah startup secures USD 1.5M from Impact46, exemplifying innovation in KSA's seafood and fish feed market.
• According to Ken Research, The KSA Seafood and Fish Feed Market is expected to reach $900 Mn by 2027, currently the market is growing at a CAGR of ~11% in 2022.

The seafood and fish feed market in the Kingdom of Saudi Arabia (KSA) is riding a wave of growth. This surge is a result of increasing local demand for seafood, the Saudi government's Vision 2030 mandate for self-sufficiency in seafood production, and favorable investment conditions. A variety of players, including local and international companies, are actively shaping this burgeoning market with their strategies and innovations.

This article provides an in-depth look at these key players, their strategies, technologies adopted, and the impact they're making on the KSA seafood and fish feed market.

1.National Aquaculture Group (NAQUA)

 

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As one of the largest aquaculture companies in KSA, the Jazan-based National Aquaculture Group (NAQUA) has established itself as a significant player in the seafood and fish feed market. The company takes an integrated approach, handling everything from hatcheries to fish farms and a feed mill, which produces up to 50,000 metric tons of fish feed annually. NAQUA's strategy is built on sustainability, quality, and diversity.

They use eco-friendly farming methods and adhere to internationally recognized standards to ensure their products' quality. Their product portfolio includes a wide variety of seafood like shrimp, fish, and other marine species, catering to the diverse taste preferences of the Saudi population. Additionally, the company's use of cutting-edge technologies, like automated feeding systems, contributes to the efficient use of fish feed and promotes sustainable aquaculture practices.

2.Saudi Fisheries Company

Saudi Fisheries Company, a public company listed on Tadawul (the Saudi Stock Exchange), is another prominent player in the KSA seafood and fish feed market. The company, with its in-depth understanding of the local market, provides a wide range of high-quality seafood products. The company's strategy revolves around quality assurance and expanding its product range.

To ensure quality, the company has heavily invested in state-of-the-art processing facilities and stringent quality control measures. In terms of fish feed, the company produces a diverse range of feed products to cater to the different dietary needs of various fish species. This focus on quality and variety gives the company a competitive edge in the market.

3.Skretting

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Norwegian company Skretting, a world leader in fish feed production, entered the KSA market in 2021 with a USD 200 million investment. Skretting's strategy is grounded in its global expertise, commitment to sustainability, and continuous innovation. Skretting utilizes advanced technologies in its feed formulation to enhance fish growth, health, and yield while maintaining sustainability.

Their Nutra range of fish feed products, for example, incorporates specific dietary components that optimize fish growth and reduce waste. The company's AquaSim technology, a data-driven fish growth modeling tool, is used to monitor and optimize feeding strategies in aquaculture. These technologies and innovative feed formulations give Skretting a unique competitive advantage in the KSA fish feed market.

4.Marine Harvest

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Marine Harvest, another Norwegian seafood company, has made a significant impact on the KSA seafood market with its USD 120 million investment. The company has established a fish farming operation in Saudi Arabia, including a hatchery, fish farms, and a processing plant.

Marine Harvest's key strategy involves harnessing advanced farming techniques, particularly the Recirculating Aquaculture System (RAS). RAS technology allows the company to control and optimize the farming environment, ensuring high-quality seafood production.The use of RAS technology also increases the demand for specialized fish feed, contributing to the growth of the fish feed market.

5.Fish Farm

Fish Farm, a Jeddah-based startup, represents the innovative spirit of the KSA seafood and fish feed market. The company, which secured USD 1.5 million in seed funding from Riyadh-based VC firm Impact46.

What does it mean for UK’s Real Estate Services Market to be Impacted by Interest Rates and Investor Sentiments?: Ken Research

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Story Outline

UK commercial real estate has seen a sharp correction in prices over the last nine months. Capital values began to fall last summer and are now 21% below their peak in June 2022. That is the sharpest correction since the period immediately following Lehman Brothers failure in 2008.

The UK real estate market is experiencing a resurgence of interest from international investors. According to the latest INREV intentions survey in January, the UK ranks second in popularity among Asian, Middle Eastern, and North American investors targeting Europe, and third among European investors.

1. Implications for real estate – a year of two halves?

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If the consensus on inflation and interest rates is correct, then there is a strong possibility that capital values will find a floor over the summer, 25-30% below their peak in June 2022.We expect that rental values will be broadly flat at the all-property level through 2023-2024. This year’s recession is forecast to be relatively mild and there is little risk of an over-supply of new space hitting the market at the wrong time. For example, the total amount of office space in central London will only grow by 1-2% between 2022-2024. This compares with 5% during the global financial crisis (GFC) and 13% during the recession of the early 1990s.

2. What is the biggest opportunity for growth in the Property Management Services industry in the UK?

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The industry relies on rented residential properties in the UK, as a large bulk of revenue is associated with residential rental property management services. Demand from rented residential properties trends opposite the number of residential property transactions. A rise in residential property transactions typically indicates more first-time buyers getting on the property ladder and ramps up home ownership, hitting demand for residential management services. The number of residential property transactions is falling in 2022-23, providing a potential opportunity for property managers.

By embracing digital innovations, automation, and advanced analytics, property management companies can enhance operational efficiency, deliver better customer experiences, and make informed strategic decisions. Embracing technology will enable them to streamline processes, optimize maintenance operations, and offer personalized services, ultimately attracting more clients and gaining a competitive edge in the market.

Several factors are aligning to support a recovery in investor demand for UK real estate. Bond yields have stabilized post-pandemic, the UK real estate market has re-priced faster than others, and the currency (sterling) has become more stable. History has shown that previous recessions were followed by robust real estate performance. If UK inflation continues to decrease and the recession remains mild, investors are advised to consider deploying capital later this year.

Vietnam Logistics Market: Achieving a USD 60 Bn Milestone in 2022 with Vision 2030 and E-Commerce Logistics. What Lies Ahead for this Thriving Industry? Ken Research

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1.Driving Forces: Vietnam's Logistics Market Flourishes with Rising Economy, E-commerce Adoption, and Government Initiatives.

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• In 2022, Vietnam's economy achieved a growth rate of 8.0%, fueled by various factors, including the significant contribution of export-oriented manufacturing to the logistics sector's expansion.
• The adoption of e-commerce in Vietnam has rapidly increased, with the rate rising from 0% in 2017 to 50.0% in 2020, primarily driven by the younger population.
• As a result of the US-China trade war and the pandemic, many manufacturers relocated their operations from China to Vietnam, attracted by the region's low labor costs. This influx of global players has further stimulated the growth of Vietnam's logistics sector.

 2.Vision 2030: Vietnam's Government Focuses on Developing Infrastructure for Seamless Deliveries in the Logistics Market.

Vietnam Logistics Market

• Under the Vision 2030, the country plans on developing over 5000 km of expressway by 2030.
• The country also plans on developing 172 routes with a total length of 29,795 km by 2030.
• The development of coastal roads going through 28 cities and provinces is also underway.
• The road development in Vietnam aims to develop the national road system in a sustainable and comprehensive manner.
• In 2022, the Prime Minister of Vietnam issued a decision on mechanism and policies for the development of inland waterways in the region that included the allotment of invest capital with encouraging factors.

3.Revolutionizing E-Commerce Logistics Warehouses: The Essential Technologies for Vietnam's Logistics Market.

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• Instant access to high-quality data enhances supply chain visibility. It supports inventory and process management, risk assessment, space optimization, automated documentation, and more.
• Integrating robotic or semi-robotic technologies improves human pickers' efficiency by reducing walking distances, optimizing routes, and seamlessly integrating with the current WMS. This leads to precise picking and packing processes.
• An automated inventory management system is a software that enables wholesalers and distributors to manage inventory in real-time. It allows companies to retrieve inventory counts directly from suppliers through a data feed integrated into their website.
• AGVs are effective in speeding up storage and retrieval tasks, including putaway, loading, and stock take. They are self-guided and can be equipped with forklifts and pallet carts, following predetermined paths to handle pallets, boxes, and containers.`

How Has The US Real Estate Services Market Been Revolutionized, Considering Its Staggering Valuation Of USD 4 Tn In 2022? : Ken Research

 

Story Outline

America leads in outsourced facility management with a digital transformation sweeping the industry. Adoption of new technology and strategic products cater to millennials, while housing affordability remains a challenge. Facility management sees growth in America with investments in integrated services and new technology adoption. Market players opt for outsourcing and strategic partnerships, enhancing efficiency and competitiveness. US real estate faces a housing affordability crisis amid limited supply and high prices. Technology-driven solutions improve efficiency, but challenges persist as industry seeks sustainable solutions.

Unlock the potential of the US Real Estate Services Market

1. Role of Technology and Outsourced Facility Management in Driving the US Real Estate Market

Outsourced facility management in US real estate services market, 2022

Northern USA dominates the outsourced facility management market, and there is a global shift towards digital transformation in integrated facility management services, building maintenance, and repair services. The adoption of new technology in facility management has become crucial in real estate services, leading to reduced operating costs and increased efficiency. With the growing reliance on technology, people are seeking instant access to maintenance and workplace services. Facility management service providers are keen on investing in building construction and integrated services to meet the market demands. Additionally, market players are opting for outsourcing facility management services to gain a competitive edge and form strategic partnerships. The US real estate market, consisting of numerous residential and commercial buildings, is also witnessing the adoption of new technologies to enhance service quality and drive market growth during the forecast period.

2. How is Technology Advancement Transforming the US Property Management Industry?

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US companies are embracing innovative technologies to enhance their services and optimize property performance. Property managers and owners are actively seeking technological advancements, including Internet of Things (IoT) devices like thermostats, CCTVs, and smart lockers, which have become widely adopted. Automation is increasingly becoming a crucial aspect of the property management industry. Millennials, in particular, demonstrate a high affinity for technology usage. A recent survey revealed that 42% of property managers are choosing to adopt new technologies to stay relevant in today's competitive market. Various companies, such as Buildium, AppFolio, Rentalutions, and VTS, offer cutting-edge products that streamline and automate traditionally paper-heavy tasks, such as bill payments, rent collection, and maintenance tracking.

3. US Housing Affordability Crisis: Record High Prices and Limited Supply Challenge Homebuyers

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Despite indications of a weakening trend in home prices, the US is grappling with a housing affordability crisis due to limited housing supply and persistently high mortgage rates and sales prices.

According to the Federal Housing Finance Authority (FHFA) House Price Index, national home prices reached a new record high in April, with a 3.1% increase from the previous year. However, regional variations show different price trends, with East South Central and New England experiencing the highest 12-month gains, while the Pacific region faced the steepest price declines.

Though existing-home median sales prices have decreased from their peak in June 2022, prices have been slowly rising since February. Despite year-over-year declines being favorable for homebuyers, purchasing a home in the current market is challenging for those earning $75,000 or less. Homes in this price range accounted for only 23% of the existing home listings in April 2023, according to a Realtor.com and NAR Home Affordability & Supply Report.

The US real estate service market shows promising growth driven by low mortgage rates, population growth, and technology adoption. However, housing affordability remains a challenge due to limited supply and high prices. Regional variations are observed in price trends. Embracing technology and addressing affordability concerns are vital for the market's future success.

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US Real Estate Services Market

USD 450 Bn Valuation in 2022: Is UK’s Real Estate Services Market Undergoing a Revolution?: Ken Research

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Story Outline

• With housing demand on the rise and a scarcity of properties, the competitive UK market witnesses soaring house prices, particularly in London, where average prices double the national average.
• UK companies embrace innovative technologies like IoT devices and automation to optimize property performance, meeting the demands of tech-savvy millennials and staying relevant in the competitive real estate landscape.
• UK Mortgage Rates Skyrocket in 2022, Prompting Record Bank Rate Hikes. Residential Property Market Stages Impressive Recovery with Over One Million Transactions in 2021.

1. Has UK House Buyer Sentiment Weakened? A Closer Look at Market Trends

The housing market in the United Kingdom (UK) is influenced by supply and demand dynamics. A shortage of housing leads to increased demand, creating a competitive market that drives up house prices. Conversely, an excess of housing results in price reductions to attract buyers. This trend is evident in the UK, particularly in London, where as of June 2022, the average house price was approximately double the national average, reaching over 538,000 British pounds (USD 648,021).

Even within London, there are significant variations in average house prices. Living in Kensington and Chelsea would require an average investment of over one million British pounds (USD 1.20 million), while a house in Barking and Dagenham would cost approximately a quarter of that amount. In 2022, the UK witnessed around 1.3 million housing transactions, and with an expected increase in transactions, the average house price is projected to rise nationwide. 

2. Are House Prices Increasing in the United Kingdom?

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UK companies are embracing innovative technologies to enhance their services and optimize property performance. Property managers and owners are actively seeking technological advancements, including Internet of Things (IoT) devices like thermostats, CCTVs, and smart lockers, which have become widely adopted. Automation is increasingly becoming a crucial aspect of the property management industry. Millennials, in particular, demonstrate a high affinity for technology usage.

A recent survey revealed that 42% of property managers are choosing to adopt new technologies to stay relevant in today's competitive market. Various companies, such as Buildium, AppFolio, Rentalutions, and VTS, offer cutting-edge products that streamline and automate traditionally paper-heavy tasks, such as bill payments, rent collection, and maintenance tracking.

3. Surge in Residential Properties: Favorable Mortgage Rates Propel UK Housing Market

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In 2022, mortgage rates in the UK experienced an unprecedented surge, with the 10-year fixed mortgage rate doubling between March and December. This increase was largely influenced by rising inflation, prompting the Bank of England to implement multiple bank rate hikes throughout the year, consequently leading to higher mortgage rates.

Following a decline in 2020 caused by the COVID-19 pandemic, the residential property market made a remarkable comeback in 2021. Both the number of residential properties sold and the gross value of mortgage lending experienced significant growth during this period. Across the United Kingdom, over one million transactions took place in 2021, with the majority of residential properties being sold in England.

As the study period continues, it is anticipated that the already modest mortgage rates, which have been instrumental in driving housing market demand, will continue to rise, further influencing the residential real estate market in the United Kingdom.

The United Kingdom's residential real estate market is characterized by a fragmented landscape, with low market share concentration and intense competition among industry players. The prevailing shortage of houses in the market has resulted in increased demand, significantly benefiting prominent housebuilders in the country. Several major players have reported a surge in sales owing to the robust demand for new homes.

What lies ahead for India Crypto Exchange market? : Ken Research

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This white paper delves into the promising potential of India's crypto exchange market, by presenting a comprehensive analysis based on extensive primary and secondary research. By examining growth drivers, government actions, and future prospects, this whitepaper aims to provide valuable insights into the evolving landscape of cryptocurrency trading in India.
Our research is rooted in a rigorous methodology that combines in-depth interviews with key industry players, a thorough examination of market trends, and an analysis of government regulations. We present a holistic view of the Indian crypto exchange market, exploring its current state, growth trajectory, and the factors influencing its development.
By delving into the dynamics of this market, we aim to equip stakeholders, investors, and policymakers with the knowledge required to navigate the opportunities and challenges that lie ahead. Read on to learn more on the potential of India's crypto exchange market, as we uncover its untapped possibilities.

1. The last decade saw an increase in awareness of virtual currencies, and a fast-growing tech-savvy population seeking alternative modes of investments created a buzzing crypto universe

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2. Young Investors Are Driving The Crypto Exchange Industry Growth In India Coupled With Cross-Border Remittances & Decentralized Finance (Defi) Which Are Major Traction For Investors

2.1 Moreover, factors such as strict foreign regulations made Rupee conversation complicated, therefore Indians are opting for digital currencies for conversion of INR to a more stable fiat currency

2.2 The introduction of Central Bank Digital Currency (CBDC) and the increasing popularity of NFTs among others has contributed to enhanced visibility of digital currencies in the market.

3. Though India is booming as a hub for Cryptos, there are several issues associated with it such as operational risks, cyber risks and governance risks.

4. To curb the issues, the Government of India played a major role to form a committee to draft regulatory frameworks on Cryptos, working with the Financial Action Task Force to update Crypto policies, and…

4.1. ... Pushed for the upliftment of the blanket ban on virtual currencies and set up Cybercrime unit for detection of the crypto-related frauds held online

5. Indian Crypto market shows good potential due to a surge in Crypto investments, Non-Fungible Tokens and entry of International Cryptocurrency Exchanges in India indicates a strong step forward

Some of the Intelligence Curated by Ken Research in Crypto Exchange Market Space:

• MENA Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)
• Australia Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)
• Brazil Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)
• Global Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)
• India Payment Service Market Outlook to 2027F driven by government initiatives & rising need for faster payment modes

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Indian crypto exchange market

The Entrepreneur's Guide to Building a Successful Business: Ken Research

 Getting into the business world is an exciting process filled with multiple opportunities and challenges. However, without enough information, any business would witness a downfall before even rising. Hence, in this article, we’ll explore steps that will act as a comprehensive guide to navigating the path to a successful business. So, let’s embark on this entrepreneurial adventure and make impactful business decisions.

Step 1- Identifying a Lucrative Niche

The business world is as deep as an ocean. In order to make your place, identify the gap in the lucrative niche and tap that white space.

Need help in Identifying a profitable niche? Connect with market experts now!

This could easily be achieved through extensive market research. Study the areas that align with your expertise and the market demand. For instance, if you are a fitness enthusiast, look for emerging demand in the fitness industry or fitness equipment industry.

However, researching country-industry-specific data is not a cake a walk. Getting credible data to make business decisions requires a lot of homework.

That’s why, over 1000+ brands and investors considered Ken Research to get market-specific data to tap the market. If you wish to learn more about the process, visit the website now.

Step 2- Crafting a Unique Value Proposition

Creating a product that is already present in the market won’t attract consumers. That’s why it’s important to develop a unique value proposition. Focus on what your product or service stand out and how it addresses the needs of your target audience better than existing solutions.

Let’s understand this with an example- if you plan to start a gourmet burger restaurant, your unique value proposition might be offering a diverse range of mouthwatering, locally-sourced ingredients and an inviting ambiance that sets your restaurant apart from standard fast-food chains.

Step 3- Building a Solid Business Plan

Once you have figured out your market and the product, map a comprehensive business plan that highlights your vision, objectives, target consumer, market strategy, financial projections, and more.

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This will guide you through each stage of your entrepreneurial journey and serve as a roadmap for your business’s success.

Step 4- Securing Adequate Funding

The next step would be ensuring that your business has the necessary funds and resources to thrive.

Depending on your business's scale and requirements, you may explore various funding options, such as bootstrapping, loans, angel investors, or venture capital. Be prepared to pitch your business idea to potential investors or lenders, showcasing your passion, expertise, and a clear plan for generating returns on their investment.

Step 5- Assembling the Right Team

Once you have the business plan and required funds, you need a team who will enable you to accomplish your business objectives. Seek team members who complement your strengths and bring unique perspectives to the table. Hire individuals who are not only talented but also aligned with your company's culture and values.

Step6-EmbracingInnovationandAdaptability

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The only way to strive in the competitive market is by fostering a culture of innovation and adaptability within your organization. For this, keep a close look at industry trends and technological advancements that can transform your business. Incorporate new technologies and digital solutions that can streamline your operations and enhance customer experience.

Step 7- Delivering Exceptional Customer Experience

Customer satisfaction is the utmost priority for any business. That’s why, focus on providing exceptional customer experiences to foster loyalty and generate positive word-of-mouth. Train your employees to prioritize customer needs and handle inquiries or complaints effectively.

Conclusion

In a nutshell, building a successful business requires a combination of passion, perseverance, and strategic thinking. When you identify a lucrative niche, build a unique value proposition, secure funding, hire the right team, and follow the tips outlined in this guide, you lay the foundation for success. Embrace innovation, prioritize customer experience, and invest in effective marketing to drive growth and visibility. Last but not least stay resilient, learn from challenges, and continuously adapt to seize opportunities. With dedication and the right approach, your entrepreneurial dream can turn into a flourishing reality.