Why UAE’s Debt Collection Industry is poised for growth despite the many challenges it faces in a competitive market? : Ken Research

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In this enlightening whitepaper, we delve into the intricacies of the UAE's debt collection industry, which has witnessed a formidable surge in growth over the last five years. Amidst this backdrop of remarkable expansion, the industry now confronts a shifting terrain marked by emerging challenges and evolving bottlenecks. But with newer challenges and evolving bottlenecks, will the industry’s robustness decline? Check out the entire whitepaper to find out more.

1. The Debt Collection Industry in UAE experienced a high volume of cases due to ease of credit availability & the industry saw a ~11% Compound Annual Growth Rate (CAGR) between 2017-22

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2. The increasing use of technology for better recovery predictions, enhancement of people skills of collectors and improvement in KSA legal system act as catalysts for the industry…

2.1…While, talent shortage, increasing labor costs and high default rates are major concerns for the incumbent players in the market

2.2 Moreover, High capital requirements and switching costs for customers create barriers for new entrants within the industry

3. But, the Debt collection platforms integrated armed with latest tech is starting to transform the entire debt recovery process for clients

4. The pandemic-induced financial trends, a greater emphasis on NLP techniques, and maintaining proper documentation will act as key growth drivers that will enable a double-digit CAGR over the next 5 years

Some of the Intelligence Curated by Ken Research in Debt Collection 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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UAE Debt Collection Market

SABIC, Ma'aden, Zamil Steel, Tasnee Lead Middle East Metal Working: Ken Research

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These companies are playing a crucial role in uplifting the trade & manufacturing within the region, keeping sustainable practices in mind

In the dynamic landscape of the Middle East, Zamil Steel and Tasnee stand as catalysts, shaping the region's infrastructure and transport arena. With Zamil Steel's prowess in pre-engineered steel products and Tasnee's leadership in metal production, their collaborative efforts are ensuring Middle East region’s substantial progress. Amidst these transformative endeavors, SABIC and Ma’aden's strategic engagements further encourage the trajectory of growth and sustainability.

Story Outline

• According to Ken Research, the Middle East Metal Working Market is projected to reach $5 billion till 2028, owing to the increase in the construction & manufacturing industry which demands metal working functions like machining, welding, casting, forging which are useful to transform raw material to finished products.
• SABIC's global trade reach and Ma'aden's investments fortify the region's economic standing. Ma'aden's alignment with Vision 2030 and sustainability goals demonstrates their commitment to responsible practices, setting a framework for eco-friendly development in the metalworking industry.
• Tasnee's industrial vending machines and Zamil Steel's extensive steel fabrication bolster Middle East manufacturing, providing direct access to essential supplies and contributing to growth across diverse sectors.
• Zamil Steel and Tasnee are known for steel and metal innovations for Middle East infrastructure, seen in projects like the Formula One circuit and logistics partnerships.

1. Zamil Steel and Tasnee: Shaping Middle East's Infrastructure and Transport Landscape

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The Middle East region is gradually trying to increase its manufacturing industry. Many leading companies like Tasnee have launched a private pilot service for industrial vending machines. These machines aim to provide industry consumables & maintenance, repair & operations parts to the end users directly.

So far, Zamil Steel has produced a total of 500,000 MT of fabricated steel of low- & high-rise steel building through 10 state-of-the-art facilities in Middle East, Africa & Asia for industrial, commercial, agriculture, aviation & military application & support of infrastructure & development projects.

According to Ken Research, the Middle East Metal Working Market is projected to reach $5 billion till 2028, owing to the increase in the construction & manufacturing industry which demands metal working functions like machining, welding, casting, forging which are useful to transform raw material to finished products.

2. SABIC’s Global Trade & Ma’aden’s Strategic Investments

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Middle East countries have had a strong trading relation with countries like Europe, Asia & Africa. In 2022, Saudi Basic Industries Corporation (SABIC) has successfully maintained it’s trade with customers in over 130 countries & have partnered with leading logistics providers to sustain transportation & storage costs & successfully deliver products globally.

Saudi Arabian mining company Ma’aden & the Public Investment Funds have signed a binding agreement to acquire a 10% stake in Vale, a Brazilian base mental companies to derive global investments.

3. Ma’aden’s Commitment to Environmental Responsibility in the Metalworking Industry

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Metalworking industries require to address environmental concerns to meet regulatory requirements & align with market expectations. Ma’aden has sustainability values in place with Ma’aden strategy policy built till 2030 & they take Vision 2030 for Saudi Arabia, International Council on Mining & Material & the Sustainable Development Goals given by UN. These ensure that there is a best-practice framework for sustainable development in the metal & mining industry.

Conclusion

In the ever-evolving landscape of the Middle East's infrastructure and manufacturing sectors, companies like Zamil Steel and Tasnee have played crucial roles, when it comes to the region & international growth of the metalworking market. With Zamil Steel's impressive track record in pre-engineered steel products and Tasnee's innovative approach, they are shaping the region's future. These endeavors align with broader strategies, such as SABIC's global trade reach and Ma'aden's sustainable commitments, showcasing a harmonious blend of economic progress and environmental responsibility for a brighter tomorrow.

Can the US Online Sports Betting Market reach a CAGR of 12% by 2028? : Ken Research

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With multiple sports betting organizations competing and flowing up with fund raisers and trustworthy partnership and with the leading betting sports being ‘The NFL’, the US Online Sports Betting Market is projected to rise to a CAGR of ~12% by the year 2028.

STORY OUTLINE

• The turning down of Professional and Amateur Sports Protection Act led to companies to shift from illegal to legal growth.
• With increased smartphone adoption and high amount of internet penetration, market growth skyrocketed over the years.
• ‘The NFL’ makes maximum market output in the US online sports betting market.
• Rise in fan engagement and incorporation of new betting products will pave a new way for rise in the US online sports betting market.

1.The turning down of Professional and Amateur Sports Protection Act led to companies to shift from illegal to legal growth.

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• The PASPA or Professional and Amateur Sports Protection Act was turned down in 2018 by the Supreme Court, making betting legal.
• Supreme Court reviewed case Murphy v NCAA, stating that it violated Tenth Amendment of the United States Constitution.
• New Jersey had a rough toe-to-toe with NCAA regarding the legalization of sports betting in Atlantic City, where the plaintiff won with majority votes.
• The bringing down of PASPA, made the other legislative states to work with legalising sports betting.

According to Ken Research, the US Online Sports Betting Market is rising with a surge in enormous fan base, social media connectivity and increased smartphone and internet penetration, has marked a rise in the market. With major players like DraftKings, FanDuel, BetMGM, Caesars Entertainment, PointsBet, market surge is evident with legal betting, a projected CAGR of ~12% by the year 2028 is to be observed. The NFL is currently the leading growth maker which is currently making the most percentage of output for the US Online Sports Betting Market.

2.With increased smartphone adoption and high amount of internet penetration, market growth skyrocketed over the years.

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• With a 93% increase in smartphone adoption, US online sports betting market is going through an advantageous rise in growth.
• Global digitization has led to a 98% increased internet penetration, leading to the proper adoption of online sports and legal betting.
• With 5G infrastructure, US skyrockets in the adoption of online sports betting with profiting for both sides; companies and users.
• The prevalence of smartphones and robust internet connectivity has facilitated the rise of in-play betting and live streaming, marking a proper growth.

3.‘The NFL’ makes maximum market output in the US online sports betting market.

• With enormous Fan base and longer sessions, The NFL has a massive fan engagement running from September through January with culminating in Super Bowl.
• Online sports betting platforms offer a wide range of betting markets for NFL games, including point spreads, moneylines, over/under totals, player prop bets, and more.
• Via official league sponsors or through deals with the individual teams, NFL increases the visibility of online betting.
• With the new Fantasy football, at least 70% of the sports engagers create virtual teams with real NFL players betting on player performances, boosting the market growth.

4.Rise in fan engagement and incorporation of new betting products will pave a new way for rise in the US sports betting market.

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• With 51 Mn people betting on super bowl, a massive surge of the US online sports betting market is seen.
• At least 2 out of 5 people are betting on the super bowl, resulting in the standing population that are currently increasing the market size constantly.
• With the increasing number of bets placed, US crosses over 1 Bn USD over the course of years.
• With Social media integration and community aspects, betting becomes more influential for a long period of 5 months every year, rising the growth even more.

CONCLUSION

The US Online Sports Betting Market had once been restricted from legally being organized in any state, except for a few. But with the removal of PASPA, the traditional betting market along with the online sports betting market has made exceptional growth. With everyday rising fan base and high penetration of internet and smartphone, The US Online Sports Betting Market propels itself towards the top every year.https://kenresearch.hashnode.dev/can-the-us-online-sports-betting-market-reach-a-cagr-of-12-by-2028-ken-research

US LI-ION Battery Market is Expected to reach ~USD 40 Bn by 2028: Ken Research

 United States is facing a huge demand of Lithium batteries due to growing electrification in west with growing at the rate of 25.36% by 2028. Demand for lithium batteries in the US is expected to grow translate into $40 billion per year by the end of 2028, but still the country is expected to depend on imports for supply.

• According to Ken, the US lithium-Ion battery is expected to reach ~USD40 bn until 2028.
• Factors driving the US Lithium-Ion battery market are increasing degree of hybridization and electrification, heavy demands and sustainable development.
• Trending technological advancements like Lithium Ferro Phosphate in batteries is making it accessible and easily transferrable.
• Safety and storage is a major challenge in the way of Lithium ion markets in USA.

1. Growth of Lithium-Ion market in America is sky rocketing with ~25% CAGR.

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The US Lithium-Ion market is expected to grow from in ~14 billion in 2023 and grow at a CAGR of ~25% by 2028.USA is the largest country market with the maximum production of Lithium-Ion batteries in North America.

US Lithium-Ion market is growing due to high demands of e-vehicles and it act as the sustainable solution of major transport system. Also major car companies are switching from traditional batteries to Lithium ion batteries, which act as a major change for lithium ion batteries.

2. Which are the driving factors for the growth of Lithium-Ion market in USA?

Other driving factors of US Lithium-Ion Market

The usage of lithium batteries is expected to raise due to the penetration of electric vehicles. It is anticipated to provide a massive impetus for the industry's growth in North America. The launching of various types of HEV’s and EV has led the increasing of hybridization and electrification. Until 2021, according to IEA, US has over 1.7 Mn EVs and over 500000 HEVs in 2019 and they continue to increase.

US is also to be expected to launch a range of EV models. In addition, falling lithium-ion battery prices and improving technology are expected to bring price-competitive electric vehicles to the market, creating demand for lithium-ion battery technologies in the near future.

High demand for sustainable development is also a leading factor for the growth of the market.

3. Is Lithium Ferro Phosphate is the new trend in US lithium battery market?

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The surge in demand for lithium iron phosphate (LFP) batteries in devices such as which are portable in nature and growing need for durable and efficient batteries are driving the growth of the segment.

Automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 GWh in 2022 making the market a highlight is USA. CAFE standards mandated fuel economy standards for passenger cars and Light Commercial Vehicles resulting in the expansion of electric drive technologies.

Government’s policies on environment friendly transportation is also a trending factor in rise of lithium battery products. The US Department of Energy announced in June that it was allocating more than $192 million in new funding for recycling lithium-Ion batteries from consumer products.  In recognition of its ongoing importance in informing larger battery recycling efforts, DOE is announcing $7.4 million to fund a new Breakthrough Contest, as well as Phase IV of the Prize.

In February 2023, Ascend Elements announced a basic agreement with Honda Motor Co. Ltd to collaborate on stable procurement of recycled lithium-ion battery materials. Ascend is a United States-based battery recycling and engineered materials company. Yoshino Technology announced the development of solid-state lithium-ion batteries with outputs ranging from 330 W to 4,000 W designed for home backup, off-grid applications, and powering small industrial machinery.

4. Which are the obstacles in the growth in lithium-Ion market in US?

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Safety and storage in Lithium-Ion batteries is a major drawback in the lithium-Ion market. Heavy pricing of the vehicles using LI-ion batteries leads to the abstain in the market growth.

The production of Li-ion batteries is resource-intensive and can generate significant environmental impacts. In addition, Lithium, cobalt, nickel, and other key materials used in Li-ion battery production have faced significant supply chain disruptions and price fluctuations in recent years.

Aging of lithium-ion batteries and issues with overheating of lithium-ion batteries are projected to challenge the lithium-Ion battery market. Key players in this sector are Panasonic Corporation, Duracell Inc., Samsung SDI Co. Ltd, LG Chem Ltd and Tesla Inc.

US Powered Surgical Instruments Market is Projected to be ~ $12 Bn by 2028, Innovations and Advancements Drive Growth: Ken Research

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The US Powered Surgical Instruments market is witnessing huge growth in terms of expansion and revenue. The primary growth drivers of this market are advancements in technology, rising healthcare expenditures, minimally invasive surgery (MIS) trends, growing prevalence of chronic diseases.

STORY OUTLINE

• As the market for UDI keeps increasing, the demand for compliance-enabling technology, such as surgical tool monitoring systems will increase 10% by 2024.
• Technological advancements in this sector boosted remote and robotic-assisted surgeries, in 2022, 16% of robotic surgeries were recorded in the USA.
• To remain competitive in the market for the long term, companies are investing hugely in the R&D department to gain a competitive edge over their rivals.

According to Ken Research, innovations and advancements in technology are one of the major variables that are synergistic affecting the expansion and growth of US Powered surgical instruments. In America, nearly 50% the adults have one or more chronic health conditions and one in four adults have more than two chronic health conditions. Additionally, around 40% of Americans suffer from cardiovascular diseases that include hypertension and Cancer.

1. Impact of Covid-19 on US Powered Surgical Instruments Market

• In 2020, when the pandemic was at its peak, to diminish infectious risk the government announced a temporary ban on elective surgery across the country.
• During the pandemic time, the powered surgical instruments market witnessed a drop of around 12% as the supplies of surgical instruments were temporarily stooped. Low availability and increased struggles in terms of transport of surgical instruments resulted in a sudden shortfall in raw materials.
• Major hubs of research facilities for powered surgical instruments across America were shut down. Additionally, the requirement for social distancing and infection control provoked the investigation of remote and robotic-assisted surgeries. This move has quickened the adoption of technologies that require powered surgical instruments.

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2. Current Situation of US Powered Surgical Instruments Market

• Post-pandemic the market is set to reach a record market value by the end of 2028. The US Powered Surgical Instruments Market is projected to grow at a CAGR of 8.0 % from 2022 to 2028.
• As the number of instruments subject to UDI keeps increasing, it is projected that the demand for compliance-enabling technology, such as surgical tool monitoring systems, would expand by 20% in the forecast period. Regulating standards for traceability from supplier to patient have also been established by numerous different governmental entities.
• The demand for OEMs is estimated to further increase because original equipment manufacturers (OEMs) and medical technology have a lot of chances in the surgical equipment market across the nation. This is due to the rising demand for surgical sutures and staples.

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3. Growth Drivers of the US Powered Surgical Instrument Market

• The US Powered Surgical Instrument Market is driven by various variables. Some of the major growth drivers of this market are advancements in technology, rising healthcare expenditures, minimally invasive surgery (MIS) trends, growing prevalence of chronic diseases.
• Technological advancements in this sector have made remote and robotic-assisted surgeries possible, in 2022 16% of robotic surgeries were recorded in the USA. Surgeons and healthcare suppliers look for the latest instruments to improve patient outcomes and upgrade surgical methods.
• The expanding healthcare spending within the US has contributed to the selection of advanced surgical technologies, counting powered surgical instruments. Hospitals and healthcare offices invest in cutting-edge equipment to supply superior patient care and draw in top medical experts.
• The shift towards minimally invasive surgeries (MIS), which offer diminished patient trauma, shorter recovery times, and fewer complications, has driven the request for powered surgical instruments.

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4. Major Players of the US Powered Surgical Instruments Market

• Johnson & Johnson., B. Braun Melsungen Ag., Stryker Corporation., Medtronic PLC., Smith & Nephew., Zimmer Biomet., ConMed., Smith & Nephew, Ethicon US, LLC, and Desoutter Medical Ltd are active in the US Powered Surgical Instruments.
• Stryker Corporation, Medtronic, and Johnson & Johnson are the leading players in the US Powered Surgical Instruments. Alongside America, these companies hold a major market share of the Powered surgical instruments industry in North America
• The market is set to become more competitive as due to rising market size industry will face several new entrants. This will help the market to remain competitive and invest more in the R&D department.

Conclusion

The US Powered surgical instruments market is expected to grow positively in the next five years with a projected CAGR of 8.0%. The market is reaching new heights due to several factors affecting the market like advancements in technology, rising healthcare expenditures, minimally invasive surgery (MIS) trends, growing prevalence of chronic diseases. The market was impacted negatively due to the widespread of covid-19 but it showed remarkable growth in the post-pandemic period. Leading players in the market like Johnson & Johnson, Stryker, and Medtronic are dominating the market and the industry will get more competitive with the arrival of new entrants in coming years.

Decoding KSA Warehousing Automation: Demand and Supply Insights: Ken Research

 Saudi Arabia (KSA) drives warehousing automation as a regional logistics epicenter, fueled by a consolidated market and booming e-commerce demand.

Storyline

• Saudi Arabia's infrastructure initiatives drive demand for automated warehouses.
• Growing demand for cold storage services presents growth opportunities.
• Focus on e-commerce and retail fuels demand for automation.
• As per Ken Research estimates, Warehousing and logistics industry poised to undergo a transformative automation phase.

Existence of a consolidated market scenario amongst the growing warehousing automation industry globally, KSA’s government has made the push to turn the nation into a Regional Logistics Epicenter necessitating automation as the key parameter for a Regional Logistics Chain, enabling faster growth of KSA’s warehouse automation industry. On the other hand, an unprecedented surge in E-commerce market has balanced the demand side of the market. In this piece, we uncover the industry landscape, demand & supply side of KSA’s Warehousing automation industry.

1.Supply side boost: Government Plans and E-commerce Fuel Automated Warehouses in KSA.

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Saudi Arabia's ambitious government infrastructure plans, including initiatives like NEOM, The Red Sea, ROSHN, and the National Industrial Development & Logistics Program (NIDLP), have created a solid foundation for the logistics network in the country. These developments, supported by a $35 Bn allocation for logistics infrastructure, have led to an increased demand for automated warehouses. (~$ 100 Bn in its transportation & logistics infrastructure) The focus on efficiency, speed, and accuracy in the supply chain has made the implementation of automated warehouse solutions essential. This growing demand is driven by the booming e-commerce industry's evolving requirements, the need to streamline operations, and ensure timely deliveries.

2.Demand Surge: Saudi Arabia's Rise as a Transshipment Hub Spurs Demand for Affordable Modern Warehouse Solutions.

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The rising demand for cold storage services in Saudi Arabia, primarily driven by the food and beverage (F&B) and pharmaceutical sectors, is leading to significant growth opportunities. To cater to this demand, companies are adopting asset-light models and relying on third-party logistics (3PL) providers who offer specialized cold storage solutions, given that only 5% of the warehouses are currently automated. These providers leverage innovative technologies to ensure efficient operations and maintain the quality and integrity of stored products. As a result, companies are strategically expanding their warehouses and investing in cutting-edge solutions. This transformative phase is focused on meeting the evolving needs of the F&B and pharmaceutical sectors while gaining a larger market share.

3.“A balance to be the solution:” The demand and market share of e-commerce and retail is expected to increase in the future due to increasing focus towards reducing the overall sales cycle duration.

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Experience the transformative power of automation as it reshapes the warehousing and logistics landscape, propelling the retail and e-commerce industry into a new era. In this fast-paced world, e-commerce automation software becomes the key driver, enabling businesses to focus on their core strengths and strategic goals. The adoption of automated warehouse management systems empowers 3PL companies to achieve unprecedented efficiency, accuracy, and real-time inventory visibility, while reducing costs and enhancing customer service. As per our estimates at Ken Research, the market will grow at a steady pace undergoing transformative warehouse automation process.

 

USA Agri Equipment Market on Track for 10.5% CAGR by 2027: Ken Research

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The United States agricultural equipment market is primed for a significant growth trajectory in the coming years, with projections indicating a CAGR of ~10.5% by the year 2027. 

STORY OUTLINE

• The USA's agricultural equipment market is set to achieve a remarkable CAGR of ~10.5% by 2027, reflecting a dynamic and robust industry outlook.
• The integration of cutting-edge technology, including precision agriculture and data analytics, is redefining farming practices, optimizing yields, and minimizing resource wastage.
• Favorable government policies, subsidies, and incentives are pivotal in fostering innovation and leveling the agricultural playing field, driving the market's upward trajectory.
• The market's alignment with sustainability goals through eco-friendly machinery and resource-efficient practices signifies its commitment to economic viability and environmental responsibility.

The USA's agricultural equipment market is poised to experience substantial growth in the upcoming years, with forecasts pointing towards an impressive Compound Annual Growth Rate of around ~10.5% by 2027. This noteworthy surge results from a combination of influences, spanning from technological progress to evolving agricultural methods, showcasing the market's durability and flexibility.

A Governmental Boost to Agricultural Innovation:

The impending growth of the USA Agri equipment market is also buoyed by governmental support and incentives. Policies offering financial aids, subsidies, and tax breaks have cultivated an environment conducive to technological adoption and innovation. These incentives not only alleviate financial pressures on farmers but also facilitate the transition to modern machinery. The collective drive towards enhancing competitiveness and leveling the playing field across the agricultural spectrum has set the stage for sustained growth.

Sustainable Agriculture as a Catalyst:

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The market's promising trajectory is further underscored by its increasing alignment with sustainability imperatives. Amid growing environmental concerns, the demand for eco-friendly agricultural machinery has surged.

The incorporation of energy-efficient technologies and reduced emissions not only augments productivity but also reflects a commitment to environmentally responsible practices. Sustainable methodologies, such as precision irrigation and reduced tillage, are making strides in resource conservation, ensuring economic viability while honoring environmental stewardship.

Market Diversity and Innovation:

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The agricultural equipment market's journey towards a ~10.5% CAGR is facilitated by its adaptability to diverse agricultural needs. The USA's expansive landscape fosters a wide array of crops, each with distinct planting, cultivation, and harvesting requirements.

Manufacturers have responded by developing specialized machinery tailored to these unique demands, enhancing overall efficiency and contributing to sector growth.

Navigating Challenges:

While the projected CAGR paints a promising picture, the journey is not devoid of challenges. High initial procurement costs, the need for effective maintenance, and potential regulatory shifts pose potential roadblocks. However, the industry's track record of innovation and adaptability offers optimism. Manufacturers are exploring innovative financing models and designing more resilient, durable machinery to address these challenges head-on.

As the market progresses on this upward trajectory, it serves as a reflection of the agriculture industry's ability to harness innovation to meet the challenges of a rapidly evolving world. With a focus on technology, sustainability, and innovation, the USA Agri equipment market is poised to drive both economic growth and environmental stewardship well into the future.

3 Key Customer Insights Before Entering a New Market: Ken Research

 

Building a business is definitely not a cakewalk, but expanding it is a next-level task. But this doesn’t mean it is only full of hustle, it surely offers some great opportunities to flourish and make profits. However, there are some challenges that cannot be overlooked while entering a new market or a territory and overcoming these hurdles requires a mindful strategy that can only be built when you have accurate insights under your belt.

So, here we are, uncovering three key customer insights that can guide your positioning strategy in a new market. Also, some famous examples are attached for your better understanding. So, let’s start!

1. Cultural Sensitivity: The Language of Connection

Entering a new market is more than about just about your product. No matter how awesome is your product, if it doesn’t resonate with your target consumers or their cultural beliefs, it won’t be as successful as it could be.

Hence, understanding the local culture is paramount. Even Harvard Business Report highlighted that 70% of consumers are more likely to purchase a product if the advertising is culturally relevant and Pampers understood the homework very well while entering into Japanese Market.

When Procter & Gamble introduced their diaper brand Pampers in Japan, they found out that Japanese mothers preferred diapers with higher absorbency due to smaller living spaces. As a result, Pampers adapted their product to meet this need, and their advertising focused on the convenience of longer-lasting diapers met with Japanese consumers’ expectations, resulting in a successful market entry.

2. Consumer Behavior Analysis: Navigating Preferences

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Understanding how customers behave and what drives their decisions is vital. Research from Nielsen suggests that 59% of consumers globally prefer to buy products from familiar brands. However, preferences can differ significantly in new markets, making it necessary to tailor your strategy.

Customers are the one who decides your product’s success. That’s why, it is important to understand how consumers behave and what determines their decisions is important. For this, you need to conduct several surveys and interviews in order to get deep consumer insights and build your marketing strategy accordingly. However, this is a time-consuming task.

That’s why, 500+ Product managers opted for Ken Research to get detailed targeted consumer insights. Ken's research has helped multiple business owners globally build a customer-centric strategy based on customer behavior analysis and helped them increase significant market revenue.

For instance, a multinational Emirati-based telecommunications services provider increased revenue by 10% after receiving a detailed market assessment and target customer analysis from Ken Research. 

This company faced difficulties in assessing customer preferences and understanding the Competitive benchmarking for the future strategy. Therefore, they contacted Ken Research.

Ken Research offered a detailed market assessment and target customer analysis to understand the potential for each type of tariff and internet plan across the region. Additionally, enabled the client to formulate an effective strategy and launch different mobile tariff plans and internet plans in line with the customer preference across different countries and regions across the Middle East.

As a result, the client experienced a 10% revenue increment by understanding customer behavior.

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3. Socioeconomic Understanding: Pricing and Value Perception

A survey from Statista shows that 57% of consumers globally consider price as the most vital factor that influences their purchasing decision. Therefore, the economic context of a new market plays a very crucial role in deciding the pricing strategy for your brand.

When Uniqlo, a Japanese fashion retailer entered the Indian market, they did their homework pretty well. It was reflected in their pricing strategy. They thoroughly studied the needs and wants of Indian shoppers and accordingly offered the best quality stylish clothes at affordable prices. This helped Uniqlo quickly establish a strong foothold in the competitive Indian retail market.

To sum it all up, entering a new market is always full of surprises. You never know what would come. But there is always a data-backed strategy that helps you stay strong in this dynamic industry. Besides, we have added three customer insights that will not only help you gain and retain loyal customers but also enable you to flourish by tapping some new opportunities that your competitors might have not yet, simply by identifying the loopholes in the market through customer surveys!

So, do consider taking the market research lane if you wish to outsmart your competitors and build a successful market entry. In case you seek some reliable platform to seek customized market research for your brand, Ken Research is the one for you! Visit the website today!

The US Urinary Tract Infection Therapeutics Market is expected to reach ~$2Bn by 2028: Ken Research

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The US urinary tract infection therapeutics market is anticipated to grow at a CAGR of ~2% and become a ~USD 2Bn industry by 2028. Currently, this industry has a market size of ~USD1.8 Bn.

STORY OUTLINE

• The rising age of the population is one of the major factor responsible for the growth of the US UTI Therapeutics market.
• The rise in government expenditure towards the healthcare sector also pose as growth inhibitor for the US UTI Therapeutics market.
• The adoption of Telemedicine by people of the United States also act as an accelerating force in the US UTI Therapeutics market.
• Increasing focus on the development of novel therapeutics also helps in pumping the US UTI Therapeutics market.

A fast growing industry, increasing geriatric population, increasing health expenditure by US government, and rise in health consulting apps and websites along with focus on the development of novel therapeutics are the various reasons behind the growth and expansion of the US UTI Therapeutics Market. This market is predicted to grow at a CAGR of ~2% in the next five years.

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1. Increasing geriatric population: a major factor responsible for the growth of US UTI Therapeutics market

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The ageing or geriatric population has been constantly rising in the United States over the year. In 1980s, there were ~25000 elderly per 100,000, in 1990s, the number rose to ~32,000 elderly per 100,000. In 2000s, there were almost ~35000 elderly per 100,000. In 2010s, there happened to be ~40,000 elderly per 100,000. In 2020s, the number saw a massive rise and there were ~55000 elderly per 100,000. Lastly, there are expected to be ~70,000 elderly per 100,000 in the 2030s.

Now what is the connection between ageing population and UTI Therapeutics market?

The answer is UTI prevalence.

The prevalence of Urinary Tract Infection is 10% in women > 65 years and 30% in women > 85 years. The incidence of Urinary Tract Infection in older men is anticipated to increase 0.05 per person per year. When elderly have such high prevalence of UTIs, the ageing population becomes a major factor that contributes in the growth of the US UTI Therapeutics market.

As the ageing population rises, the prevalence of UTI cases also rises and as the UTI cases rise, there becomes the need to develop effective and efficient medicines to treat and reduce the prevalence of UTIs thereby accelerating the US UTI Therapeutics market.

2. Rise in government expenditure in the healthcare industry

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The United States government expenditure in the healthcare sector has been constantly rising over the years. The expenditure from government helps in accelerating the US UTI Therapeutics market as more and more start to go to doctors for common conditions like UTIs and pharmaceutical companies get more funds in developing medicines and vaccines.

The US government allocated a budget of around USD 3.4 Tn. in 2017, USD 3.6 Tn. in 2018, USD 3.7 Tn. in 2019, USD 4.1 Tn. in 2020, USD 4.2 Tn. 2021. The expenditure saw a massive hike of 10% in 2020 from 2019’s expenditure owing to Covid-19.

Expenditure helps not only in the growth of healthcare industries but also in the growth of the whole country. It also motivates people to seek medical help for common health conditions such as various infections. Moreover, it also helps in the development of various medications and vaccines by hospitals, research centers and pharmaceutical companies as they have enough funds available.

3. The rising use of health apps and websites: pumping the growth of US UTI Therapeutics Market

Telemedicine is trending. Nowadays mostly every doctor and hospital are going online. Telemedicine is not only convenient for doctors but also for the patients.

People in the US have been accepting and adopting Telemedicine and related applications pretty well. Moreover, UTI is a health condition that may let people feel a little embarrassed in directly going to the doctor. Thus, they may feel more comfortable in communicating with people over telephone or internet.

32% people in 2019, 43% people in 2020, 51% people in 2021, and 43% people in 2022 accepted Live Video to talk to doctors regarding their medical problems.

64% people in 2019, 47% people in 2020, 45% people in 2021, and 47% people in 2022 accepted Live Phone to communicate their medical concerns.

Telemedicine has allowed people to freely reach medical experts whenever they are   comfortable. When people reach out to doctors for their medical problems especially Urinary Tract Infections, it becomes easier to doctors find out the infections rates, what medicines are working and what are not, and helps in further developing medicines by keeping in mind the body demands of the people, which ultimately helps in the growth of the US UTI Therapeutics Market.

4. Focus on the development on novel therapeutics: pumping the US UTI Therapeutics market

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Urinary Tract Infections are primarily treated by the use of antibiotics. They are highly efficient in treating Urinary Tract Infections. However, this is not the case for everyone. Antibiotics resistance is a major problem in the treatment of Urinary Tract Infections.

Antibiotics resistance can be best described as a situation wherein the bacteria tend to change their response to the use of antibiotics. In simple words, it means that bacteria are able to live and survive despite the use of antibiotics which are supposed to kill them.

Approximately 90% of urinary tract infection causing bacteria have become resistant to at least 1 antibiotic and approximately 80% of bacteria happen to be resistant to at least 2 antibiotics. This pose as a major problem as the effective antibiotics can no longer be used in the treatment of Urinary Tract Infections.

This results in the need for the development of novel therapeutics for the treatment of UTIs. Now doctors, scientists and pharmaceutical companies are looking for alternative treatment methods to treat UTIs.

Nowadays, there are various vaccines available to treat UTIs that are not antibiotic in nature. Some of these vaccines are ExPEC4V, Uro-Vaxom, Uromune, Urovac, etc.

Various herbs such as Armoraciae rusticanae, Tropaeoli majoris, Agropyron repens and Zea mays were also found to be effective in treating Urinary Tract Infections.

The need to further develop novel therapeutics due to rising antibiotic resistance helps in the growth of US UTI Therapeutics market as antibiotics are losing their efficacy and doctors, scientists and pharmaceutical have to find alternative ways of treating UTI thereby accelerating the US UTI Therapeutics market.

Companies covered in the Report:

• Pfizer
• Bristol Myers Squibb
• Johnson & Johnson
• AbbVie
• Merck & Co.
• Dendreon
• Zydus Pharamceuticals

Key target audience

• Therapeutics companies
• Potential market entrants
• Government bodies and institutions
• Healthcare research institutes
• Hospitals
• Patients
• Investors
• Venture Capitalists
• Medical educational institutes

Time Period Captured in the Report:

• Historical period: 2017-2022
• Base year: 2022
• Forecast period: 2022-2028

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US Urinary Tract Infection Therapeutics Market

5 Tips to Identify the Perfect Customer Cohorts for Your New Product Line: Ken Research

 It is always an exciting journey for any brand to launch a new product line. But knowing your audience inside out is one of the critical aspects of success. By pointing to the right cohorts of your targeted consumer, you can tailor your marketing efforts and product features that resonate with your consumers. So, how can you identify those cohorts? Here is a list of 5 ways that can enable you to tap perfect customer cohorts for your new product line.

1. Data-Driven Demographics:

To identify the segments that align with your product line, begin with demographics. Determine the age, gender, location, income, and education of your targeted consumer.

For example, Apple identified a cohort that focused on a more budget-friendly iPhone option without compromising performance. So, they introduced the iPhone SE that targeted individuals who look for the latest technology in a smaller affordable package. That’s how Apple catered to a specific segment of the market after understanding this cohort’s preference for a compact and cost-effective device.

2. Psychographic Profiling:

Demographics are important but if you want to flourish in the market, it is not enough. You need to delve into psychographics- the attitudes, values, and lifestyle choices of your potential consumers.

Lululemon, the activewear brand that is known for its premium women’s activewear, diversified its product line to include men's activewear as well. It is because they recognized the rising cohort of health-concern males seeking stylish yet comfortable workout apparel. That’s how Lululemon tapped into a previously underserved segment, and capitalized it.

3. Behavioral Patterns:

The third comes to behavioral patterns. It is another important way to determine the right cohort. Examine consumer behavior to unleash some actionable insights. Just like Beyond Meat did.

Beyond Meat analyzed a cohort of environmentally and health-conscious individuals who were looking for alternatives to traditional meat. That’s when they launched plant-based burgers that replicate the exact taste and texture of meat. This also addressed sustainability and health which became one of the attributes behind the success of Beyond Meat. They wonderfully created a product line that served the requirement for ethical and nutritious food options.

4. Pain Point Prioritization:

Addressing the pain point of your customer and offering them the right solution is the best way to thrive in the market. Hence, identify the issues or challenges that your services or products can resolve just like Peloton did.

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It recognized a cohort of fitness enthusiasts who seek a convenient and engaging place for workouts and that’s it. Peloton launched a wide range of connected exercise equipment and online classes that cater to consumers who prefer personalized fitness experiences from the comfort of their homes. This resulted in the rapid growth and success of the brand.

However, not everyone gets lucky in tapping the whitespaces in the market. That’s why over 500+ CXOs chose Ken Research to enable them to identify the consumer’s challenges and make a successful business by offering solutions to those issues.

Do you also wish to determine the pain points of your targeted consumers and build a thriving business? Visit the website now or fill in the details to receive a Free 30 minutes of call with Ken Consultants today.

5. Social Influences and Networks:

While you are trying to find out cohorts, it’s important to consider the social dynamics that may influence your key audience or clients.

Casper an e-commerce company that sells sleep products online and in retail locations, spotted a cohort of young adults, especially millennials who appreciated convenience and a seamless online shopping experience. And there they disrupted the whole mattress industry by launching memory foam mattresses in a compact box and leveraging a direct-to-customer model. This helped Casper gain a strong foothold in the market simply by offering this cohort’s preferences for hassle-free purchasing.

To sum it all up, understanding your consumer cohorts is an excellent way for launching a successful new product line. Several brands have demonstrated the impact of applying these strategies in various contexts and you can do it. Just make use of data, understand psychographics, focus on customer behaviors, address their pain points, and not to forget, consider their social dynamics. Doing this will surely help you tailor your strategy to resonate with a specific group and make a significant business impact. In case, you need some consumer data to back your business strategy, consider Ken research to get some authentic customer insights. Visit the website now.

The Thailand Car Mobility-as-a-Service Market is expected to contribute USD ~2500 Mn by 2027 owing to contactless car-sharing, online booking and government regulations: Ken Research

Ecosystem of Car Mobility-as-a-Service Market in Thailand

Thailand Car Mobility-as-a-Service Market is at growing stage with highly fragmented market with more than 2,000 players in the market. All players are competing against with each other on the basis of base fare, avg ticket size, waiting time, fleet size, no of drivers, daily rental price and revenue.

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Key Findings

• Newer business models such as ride hailing and car sharing that integrate well with shared mobility ecosystem like public transport are expected to achieve high growth.

• The boom of travel and tourism industry will also lead to rise in demand for car rental and leasing as tour operators and hotels will increasingly offer private car rental to their customers for which they lease their fleet.

• Increased demand for leasing from corporate sector will lead to steady growth rate of fleet size of leasing companies in Thailand.

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Growing tourism: The demand for car mobility services has grown over time as a result of rising international and domestic tourism, as these services are practical for commuting inside cities and have clear pricing. The introduction of LTR Visa will make it simpler for tourists with high spending levels to remain in the nation for longer. Through a variety of specialized marketing initiatives, the nation is casting a wider net in an effort to draw a wider range of tourist demographics.

Online Car Rental Booking Services: As moving toward digitalization improves operational revenues as well as customer experience, online companies will become more and more popular in the provision of car mobility solutions.

Technological Advancement: The primary drivers of the growth of the nation's car rental services will be preferences for the use of technologically advanced personal vehicles coupled with an increase in disposable income.

Smartphones Proliferation: Proliferation of smartphones has gone from 80% to 81% and internet penetration has increased from 85.3% to 92% over the period of 2021-2022, which has led to considerable growth for mobile application-based business models. This will not only make these services more accessible but also more affordable with increased competition and transparent pricing.

Analysts at Ken Research in their latest publication “Thailand Car Mobility-as-a-Service (MAAS) Market Outlook to 2027- Driven by Rising tourism, technological developments and booming automotive manufacturing” observed that Car Mobility-as-a-Service Market in Thailand is at growing stage. The consumer preferences, internet and smartphone penetration, growing tourism with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at an 6.1% CAGR during 2022-2027.

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Thailand Car Mobility-as-a-Service (MAAS) Market Outlook to 2027

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Middle East Metal Working expected to reach $5 billion by 2028: Ken Research

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As the Middle Eastern countries develop their manufacturing & automotive units, there’s a surge within the metalworking industry of the region.

Amidst the transformative winds of 2023, the Middle East is in the midst of an infrastructure renaissance. Landmarks like Dubai's climate-controlled URB Bridge and the UAE National Railway Network stand as testaments to this era of advancement. As the region invests heavily in construction and transportation, the demand for metal fabrication and processing intensifies, fueling the growth of the metalworking industry.

Story Outline

• In 2023, the Middle East's vigorous infrastructural investments, exemplified by projects like Dubai's URB Bridge and the UAE National Railway Network, underscore the region's commitment to modernization.
• Middle Eastern governments are steering their countries toward industrialization and economic growth. With policies like Dubai Industrial Strategy 2030, initiatives like the UAE Programme and transformative events like StreetFab, all these propel digital transformation and local innovation in the metalworking sector.
• The shift from oil dependency to manufacturing is reshaping the Middle East economy. Countries like Saudi Arabia are forging agreements with global partners to expand their manufacturing capabilities, resulting in a surge in metalworking needs to support various industries, including automotive and electronics.
• According to Ken Research, the Middle East Metal Working Market is projected to reach $5 billion till 2028, owing to the increase in the construction & manufacturing industry which demands metal working functions like machining, welding, casting, forging which are useful to transform raw material to finished products.

1. Middle East’s Infrastructural Investment Fuel Metal Industry Boom.

Tata Steel Middle East Metal Works Size

UAE Rail Network Map, 2023

The year 2023 is seeing various kinds of infrastructural investment made across the Middle East areas, like the URB Bridge in Dubai, which is a climate-controlled year-round structure designed to promote cycling & walking as a primary mode of transport.  The UAE National Railway Network was set up at the main center for Control & Maintenance in Al Fayah region of Abu Dhabi.

Countries in these regions are heavily investing in construction of new buildings & means of transportation. It shows how these projects require significant amount of metal fabrication & processing, driving demand for metalworking products & services.

2. Government’s Led Industrial Boom: Dubai’s Vision & High-Tech Innovations

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Objectives of Dubai Industrial Strategy, 2030

Governments in the Middle East countries are known for investing towards initiatives involving industrialization, economic growth & job creation. Countries like Dubai have been scaling up their efforts to become an industrial hub, which is in line with the Dubai Industrial Strategy 2030. This policy aims to improve the industrial growth of the region & to promote research & development.

With policies which aim to speed up the digital transformation of the industrial sector, trade events like StreetFab have emerged as a game changer for the metal working industry in UAE & the Middle East.

Moreover, government initiatives like UAE Programme aims to develop 1,000 technological projects are launched to promote innovation, research & development enhance local supply chain.

According to Ken Research, the Middle East Metal Working Market is projected to reach $5 billion till 2028, owing to the increase in the construction & manufacturing industry which demands metal working functions like machining, welding, casting, forging which are useful to transform raw material to finished products.

3. Forging Skilled Futures: MEITI & Mont Royal Elevate Middle East Metalworking

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Top Skills Required in Middle East regions, 2022

As the demand for metalworking industry starts increasing, inevitably there is a need to have skilled employees who can perform the technicalities of the given job. In Middle East, there are institutes like the Middle East Industrial Training Institute (MEITI), Mont Royal Elevate in Abu Dhabi, are renowned for providing internationally accredited training provider of technical, management & skills training courses.

Investment in training & skill development programs can help in meeting on-the-job demands & ensure a capable workforce.

4. From Oil to Innovation: Middle East's Industrial Renaissance Fuels Metalworking Surge

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Automotive parts which require metal working

As the Middle Eastern countries have stopped their dependence on oil industry, they’re gradually increasing their manufacturing capabilities. In January 2022, Saudi Aramco announced 50 preliminary agreements with local & international companies including Honeywell, Larsen & Turbo & Sutherland Global Services, as a part of In-Kingdom Total Value Add (IKTVA) drive to increase the volume of goods and services produced in Saudi Arabia.

Metalworking forms a crucial part of the manufacturing industry, including automotive, electronics etc.

5. Middle East Automobile Boom Drives Surge in Metalworking Demand

Demand for new vehicles in the Middle East & Gulf regions (excluding Iran) has increased by 22.3% in December 2022. In 2021, Saudi Arabia led the region when it comes to increasing sales in terms of passenger & commercial car sales. Turkey & Iran are two countries which have been dominating in automotive productions & they focused on producing passenger cars followed by light commercial vehicles.

More cars produced means increasing demand for engine parts, hinges, body panels etc. which demands metalworking products.

Conclusion

In the heart of the Middle East's rapid evolution, the convergence of infrastructural investments, governmental initiatives, and shifting economic landscapes marks the onset for a resounding metal industry boom.

As nations diversify their economies, embrace innovation, and invest in skilled training, the demand for metalworking products and services will certainly reach new heights.

This transformative journey from oil reliance to manufacturing prowess underscores the region's determination to shape its destiny through industrial growth and innovation.

Top 4 US Loan Servicing Companies And Their Strategies In US Loan Servicing Market: Ken Research

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US Loan Servicing Market is growing due to advanced digital practices and technological advancements. The market is loaded with numerous loan servicing companies that offer a variety of services according to today’s modern needs. Let’s have a look at some of the top companies and their strategies.

Story Outline

• Fiserv Inc.: One of the FORTUNE’S most admired companies of 2023, a leading global technology provider in the financial services industry, pushing innovation in payment processing, risk and compliance, customer and channel management, and business insights and optimization.
• Notridge Software LLC: A powerful cloud-based, on-premise loan servicing system, that wants to provide you with a versatile and powerful toolkit so you can easily originate and service loan portfolios.
• Shaw Systems Associate: The leader in Loan Servicing Software for over 50 years, that has specialized in loan servicing software since 1967, with a goal to serve financial institutions by using its significant knowledge in software development to offer scalable and automated solutions through a customizable user-friendly interface.
• Constellation Mortgage Solutions: A loan servicing system, that initiates class infrastructure, which has more than 30 years of stability and experience, which enables a full range of loan servicing solutions, from cashiering and payment processing to escrow management, investor reporting, and default management.

The Loan Servicing Market of US is driving growth at an amazing level. This surge is a result of constant increase in digital transformation practices, coupled with rapid growth of fintech startups, population growth and urbanization, and adoption of cloud computing model. Various Loan Servicing companies are actively shaping this growing market with their strategies and innovations.

1. Fiserv Inc.

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Fiserv, Inc. is a leading global technology provider in the financial services industry, pushing innovation in payment processing, risk and compliance, customer and channel management, and business insights and optimization.

The corporation has operations in the United States and Canada, Europe, the Middle East and Africa, Latin America, and Asia Pacific. Fiserv's headquarters are in Brookfield, Wisconsin, in the United States.

Fiserv is employing around 10,000 people, has around 73 offices throughout US and, is serving thousands of financial institutions and millions of businesses in more than 100 countries.

Fiserv says, "Our purpose is to deliver superior value for our clients through leading technology, targeted innovation, and excellence in everything we do." They see achieving excellence and inspiring others as their primary goals for success.

One of FORTUNE's "World's Most Admired Companies" for 2023 is Fiserv. The companies with the best reputations both within and across industries are identified in this esteemed yearly list. Additionally, Fiserv was honored for its excellence in people management, corporate asset utilization, corporate social responsibility, management quality, long-term investment potential, and product and service quality.

Tata Motors Finance, one of India's leading auto finance companies, has partnered with Fiserv, a provider of global payments and financial services technology solutions, to strengthen its digital lending capabilities and improve customer experiences.

Amazon and Fiserv launch a rewards collaboration. Through this partnership, cardholders at banking institutions that are enrolled in both the Amazon with Points and the uChoose rewards programs will be able to easily redeem rewards points for all or a portion of their qualifying purchases at the point of sale.

2. Nortridge Software LLC.

Nortridge is a cloud-based and on-premise loan servicing system. It serves government agencies, branch-based lenders, vehicle finance companies, and consumer finance lenders. The system’s key features are Enterprise-grade security, precise setup choices, loan automation, and workflow management.

Nortridge is a team of around 200 people providing a user-friendly platform to its users worldwide. At the start of 2023, the company witnessed, that globally around 50 new companies started using Nortridge software as a loan servicing tool.

The company promises “Lenders and services shouldn't be required to modify their operations to take advantage of a software platform's features. The order should be reversed. In order to support your company in achieving its objectives, Nortridge Loan System works to align with your business requirements. The result of many years of asking the appropriate questions and paying attention to our clients is NLS. The system wants to provide you with a versatile and powerful toolkit so you can easily originate and service loan portfolios.”

Payix, a REPAY company and the nation's top provider of borrower-facing communications and collections tools announced the growth of its exclusive partnership with Nortridge Software, in 2022, to offer Nortridge customers online cash payment acceptance, or eCash.

3. Shaw Systems Associates, LLC

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The leader in Loan Servicing Software for over 50 years, that has been specialized in loan servicing software since 1967, Shaw Systems, is a reputable leader in this field.

Customer support, delinquency management, recovery, and placement are some of the ways that their technology controls every stage of the servicing life cycle. They provide seamless support for the needs of the borrower, dealer, internal staff, and management through completely integrated loan servicing system. Numerous software systems for servicing consumer loans are supported by Shaw. Their tools include built-in functionality for automating procedures and navigating the changing credit market. Shaw Systems provides help for loans, credit lines, direct and indirect commitments, floor plans, securitization, and insurance products.

The company's goal is to serve financial institutions by using its significant knowledge in software development to offer scalable and automated solutions through a customizable user-friendly interface. In order to provide lenders with electronic bill payment options that cater to the needs of every consumer segment, PayNearMe and Shaw Systems Associates, LLC have expanded their partnership.

According to Chris Shaw, CEO of Shaw Systems Associates, LLC, "In the fiercely competitive consumer lending market, reliability and innovation are essential for lenders to differentiate themselves and succeed."

“Our enhanced PayNearMe integration enables lenders to collect both cash and electronic payments on a single platform, right from the Shaw platform interface.”

4. Constellation Mortgage Solutions

Constellation Mortgage Solutions is a loan servicing system, that initiate class infrastructure, which has more than 30 years of stability and experience, which enables a full range of loan servicing solutions, from cashiering and payment processing to escrow management, investor reporting, and default management.

CMS gives your staff more freedom to swiftly adjusts to new rules, that can be tailored to your particular workflow. All the tools and integrations you require to maintain operations within the CMS enterprise platform are included in our highly customizable solutions.

CMS, which is a portfolio of market-leading financial technology solutions in the mortgage space, announced on February 10, 2022 that it has acquired ReverseVision, Inc., an award-winning provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales origination software. The acquisition includes ReverseVision’s core platform, ReverseVision Exchange (RVX), RVDOC Composer (RVDOC) which provides customized and compliant reverse mortgage documents, and ReverseVision Sales Accelerator (RVSA) which includes advanced loan modeling and comparison tools.

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US Loan Servicing Market