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.`

KSA Seafood and Fish Feed Market Expected to Reach $900 Mn by 2027: Ken Research

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Story Outline

• Population growth fuels the demand for seafood, boosting the fish feed market in KSA.
• Economic prosperity drives preference for nutritious seafood, fueling fish feed market growth.
• Governments Vision 2030 promote aquaculture and sustainable practices, propelling fish feed market growth.
• Health consciousness increases demand for nutritious seafood, driving fish feed market growth.
• Technological advancements improve fish farming efficiency, stimulating the fish feed market in KSA.

The Kingdom of Saudi Arabia (KSA), renowned for its oil wealth and sacred Islamic sites, is emerging as a significant player in the seafood and fish feed market. This transformation is intriguing, given that the desert nation has historically relied on seafood imports to meet its demand.

Several factors contribute to this positive shift, including population growth, a rise in income levels, supportive government initiatives, enhanced health awareness, and industry-specific technological advancements.

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.

5 Major Reason for the Growth of the KSA Seafood and Fish Feed Market are:

1.The Rising Population Tide

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Saudi Arabia's population has been on a steady rise, reaching approximately 35 million in 2021, with an annual growth rate of about 1.59%.

This demographic trend invariably propels a surging demand for food. Given the protein-rich nature of seafood, it's particularly sought after, more so due to the global shift towards healthier dietary habits.

The World Health Organization's dietary guidelines recommend a weekly intake of 280-560 grams of fish.

Applying this guideline to Saudi Arabia's current and projected population, the demand for seafood and, consequently, fish feed, is anticipated to escalate. This population-driven demand creates a robust market for the seafood industry, and by extension, the fish feed market.

In aquaculture, the significance of quality feed is paramount. Efficient growth, health, and productivity of fish heavily rely on their diet.

As the population fuels the demand for seafood, the requirement for high-quality fish feed is set to rise proportionately, paving the way for a thriving fish feed market in KSA.

2.The Impact of Economic Growth on Dietary Preferences

As Saudi Arabia rides the wave of economic prosperity, its GDP per capita has been on an upward trajectory, from $20,813 in 2016 to an estimated $23,566 in 2021. This rising affluence is not just elevating living standards but also transforming dietary preferences.

With higher disposable income, the Saudi populace is exhibiting a growing inclination towards diverse and nutritious dietary choices.

Seafood, rich in essential nutrients like Omega-3 fatty acids and proteins, is progressively becoming a favored choice. This trend has catalyzed the seafood industry's growth and has created a ripple effect on the fish feed market.

The quality and type of fish feed significantly influence the nutritional value and taste of the seafood.

As consumers demand healthier and tastier seafood options, the fish feed market needs to innovate and provide feed solutions that help produce such desired seafood qualities.

Hence, economic prosperity indirectly nudges the fish feed market towards growth and innovation.

3.Major Government Initiatives and Policies

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The Saudi government has been instrumental in facilitating the growth of the seafood and fish feed market.

As part of its ambitious Vision 2030 strategy, the government aims to achieve substantial self-sufficiency in seafood production. The goal is to produce 600,000 tons of seafood by 2030, thereby reducing the nation's dependence on imports.

This target is a catalyst for investments in the aquaculture industry and allied sectors, including fish feed.

Initiatives like these drive the demand for quality fish feed, necessary to enhance the productivity and efficiency of fish farms, thereby fueling the fish feed market's growth.

Furthermore, the Saudi government's commitment to sustainable practices translates into regulations and policies that promote responsible aquaculture.

These policies mandate the use of quality fish feed that ensures optimal fish health and growth while minimizing environmental impact.

The regulatory push for sustainable practices provides a significant impetus to the fish feed market, reinforcing its growth prospects.

4.Increasing Health Consciousness and Its Impact

The global wellness wave is making substantial inroads into Saudi Arabia, and an increasing number of Saudis are becoming conscious about their health and wellness.

They're increasingly seeking nutritious and healthy dietary options, with seafood emerging as a top choice due to its beneficial nutrient profile.

Studies reveal a steady rise in fish consumption in KSA, from 9 kg per person per year in 2012 to 14 kg in 2018. As more people lean towards consuming heart-friendly and nutrient-rich seafood, the demand for healthy and high-quality seafood is intensifying.

This escalating demand indirectly impacts the fish feed market. Fish farmers require high-quality feed to rear healthy fish that meet consumer demands.

Hence, the growing health consciousness and the consequent demand for nutritious seafood promise a strong market for fish feed manufacturers who can deliver on these expectations.

5.Modern Techniques and Fish Feed Innovations

Funds Raised Startups Sea Food Sector KSA

The role of technology in the seafood and fish feed market is pivotal.

Technological advancements, especially in fish farming and fish feed formulation, have improved the industry's efficiency and productivity.

For instance, the use of Recirculating Aquaculture Systems (RAS) enables fish farming in controlled environments, ensuring optimal growth conditions and minimizing disease risks.

The application of AI in monitoring fish health and growth has also enhanced farming efficiency. These modern farming techniques have helped increase seafood production, indirectly escalating the demand for fish feed.

Simultaneously, there's a revolutionary change in fish feed formulation.

Research and development in this sector are leading to new feed formulations that enhance fish growth, health, and yield while maintaining sustainability.

As these technological breakthroughs continue to permeate the industry, the seafood and fish feed market in KSA is poised for significant growth.

Conclusion:

The growth narrative of the KSA seafood and fish feed market is a fascinating blend of demographic, economic, policy-driven, health-conscious, and technology-enabled factors. These drivers are working synergistically to shape a vibrant future for the seafood industry and the closely linked fish feed market.

Future Outlook of Oman Mattress Market: Ken Research

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What is the Size of Oman Mattress market? 

Oman Mattress market is growing at a CAGR of % in 2017-2022 and is expected to reach USD Bn by 2027. The mattress market in Oman has been experiencing significant growth in recent years, reflecting a mature and competitive industry. With increasing population and urbanization, leading to a higher demand for residential and commercial spaces. As more individuals and businesses set up homes and establishments, there is a growing need for mattresses, boosting market demand. Moreover, the increasing disposable income and improving standard of living in Oman have resulted in higher purchasing power among consumers.

As a result, there is a shift towards premium and more comfortable mattresses that offer better sleep experiences, including memory foam and orthopedic options. Additionally, advantage of the Oman Mattress market is the growing presence of international mattress brands and a diverse range of products available. These brands offer innovative and technologically advanced mattresses, catering to the evolving preferences of consumers seeking better sleep solutions. Therefore, the Oman Mattress market is witnessing notable growth, fueled by factors like population expansion, increasing disposable income, and a greater emphasis on sleep health.

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Oman Mattress market by end user

The Oman Mattress market is segmented by Household, Healthcare, Hospitality. In the Oman Mattress market, most dominant segment in the market is the household segment in 2022, this is due to the higher population of residential consumers who require mattresses for personal use in their homes.

As the population grows and urbanization continues, the demand for mattresses in households increases, making it the largest segment in the market. Therefore, the dominance of each segment can vary over time based on economic conditions, changes in consumer preferences, and developments in the healthcare and tourism sectors.

Oman Mattress market by type of mattress

The Oman Mattress market is segmented by type of mattresses into Innerspring, Memory Foam and Latex. Among these, Memory Foam is dominant mattress in 2022. Due to several reasons, Memory foam mattresses have gained immense popularity among consumers in recent years due to their unique features and benefits.

Additionally, Memory Foam mattresses often come with advanced features, such as motion isolation and hypoallergenic properties, making them suitable for various sleeping preferences and needs These attributes cater to a broad spectrum of consumers, further contributing to the dominance of Memory Foam mattresses in the Oman market.

Oman Mattress market by Region

The Oman Mattress market is segmented by Region into North, South, East, West.

In 2022, the region of north in Oman is known to manufacture a significant portion of mattresses and emerged as the dominant player in the Oman Mattress market, As the population in the North region grows and more individuals set up households or commercial establishments, the need for mattresses increases, contributing to potential market dominance.

Additionally, the North region of Oman is also home to a significant number of hospitality establishments, including hotels and resorts, which require a substantial supply of mattresses for their guest rooms. This demand from the hospitality industry further contributes to the potential dominance of the mattress market in the North region.

Competition Scenario in Oman Mattress market

The competition in the Oman Mattress market is intense, with a mix of domestic and international players compete for market share. Additionally, E-commerce and online retail platforms have also emerged as significant players in the Oman Mattress market.

With the increasing popularity of online shopping, consumers in Oman have access to a wide range of mattress options from both local and international brands. Moreover, to stay competitive, mattress manufacturers and retailers in Oman focus on product differentiation, marketing promotions, and providing excellent customer service. Many companies also emphasize the use of eco-friendly materials and sustainability in their mattress offerings to appeal to environmentally conscious consumers.

The Oman Mattress market is driving innovation, quality improvements, and customer-centric strategies, benefiting consumers with a diverse selection of mattresses to choose from.

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What is the Expected Future Outlook for the Overall Oman Mattress market      ?

The Oman Mattress market was valued at USD ~Million in 2022 and is anticipated to reach USD ~ Million by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. Oman, mattress market is growing faster, driven by various factors and ongoing innovations, as the steady growth of the residential and commercial construction sectors in Oman, is expected attract more demand for mattresses.

Additionally, the expanding hospitality and tourism sectors in Oman are expected to grow demand for mattresses in the hotel industry. As Oman attracts more tourists and business travelers, hotels and accommodations will require a steady supply of comfortable and high-quality mattresses to ensure a pleasant guest experience. As more homes, hotels, and other accommodation facilities are built or renovated, the need for mattresses to furnish these spaces will increase.

Furthermore, the growing urbanization and rising disposable incomes in Oman are likely to boost consumer spending on household items, including mattresses. Urban centers are expected to witness higher demand for mattresses due to the concentration of population and economic activities.

The shift towards online shopping and the rise of e-commerce platforms in Oman are also expected to influence the mattress market. Consumers are increasingly embracing the convenience of online purchasing, allowing them to access a wide range of mattress options from various brands and compare prices easily.

However, the Oman Mattress market also faces some challenges. The competition from both local and international manufacturers and retailers may lead to price sensitivity among consumers, putting pressure on profit margins.

Moreover, the economic conditions in the region, as well as fluctuations in oil prices, can impact consumer spending and overall market growth. Companies in the mattress industry need to be adaptable to changing economic conditions and consumer preferences to remain successful.

Therefore, overall Oman Mattress market is positive, driven by factors such as increasing awareness of sleep health, growth in the construction sector, urbanization, and the rise of e-commerce. To thrive in the future, mattress manufacturers and retailers should focus on innovation, product differentiation, and providing excellent customer experiences to meet the evolving needs of consumers in Oman's dynamic market.

Market Taxomony

By Product Type

• Innerspring
• Memory Foam
• Latex
• Alternating Pressure
• Gel
• Hybrid

By Size

• Single
• Double
• Queen-size
• King-size

By End User

• Household
• Healthcare
• Hospitality

By Distribution Channel

• Specialty Stores​
• Furniture Retailers​
• Owned Franchise Stores​
• Online
• Others

Major Players across the Oman Covered in the Report

• IKEA
• Sleep Ezze
• Raha
• Al Hosni Group International
• JLH Mattress
• Medical Mattress World
• Amazon

Time Period Captured

• Historical Period – 2017-2022
• Base Period – 2022
• Forecast Period – 2022 –2027

Key Factors Considered in the Report

• Oman Mattress market Overview
• Executive Summary
• Market size and Segmentation of the Oman Mattress market, 2017-2022
• The government regulation and Growth driver
• SWOT Analysis
• Government Regulations/Initiatives for Market
• Growth Drivers of the Oman Mattress market
• Issues and Challenges of the Oman Mattress market
• COVID-19 Impact on the Overall Oman Mattress market
• Future Market Forecast for Oman Mattress market and by Segments, 2022-2027
• Company Profiles of Oman Mattress market Players
• Analyst Recommendations

For More Insights On Market Intelligence, Refer to the Link Below: –

Oman Mattress market Outlook to 2027F

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Germany Mattress Market Outlook to 2027F

Nigeria Mattress Market Outlook to 2028F

Philippines car rental market is estimated to grow more than USD 400 Mn by 2027 owing to the increase in internet penetration and adoption of smart phones in the country: Ken Research

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Ecosystem of Philippines Car Rental Market

There are five markets in this report: Car Rental, Car leasing, Ride Sharing, Ride Hailing and Self Drive. The Philippines car rental market and self-drive market is highly fragmented with Avis and Diamond Rent-a-Car hold the major share respectively. Philippines car leasing market is moderately consolidated and Orix, is the market leader. Philippines ride hailing market and ride sharing market are highly consolidated where Grab is the market leader.

Key Market Findings:

• Leisure travel is estimated to continue being the highest revenue generating segment with the increase in tourism across the country.
• Tourists and Corporate Clients are majority of the customers of the market.
• Players are looking to expand their fleet size to premium cars to offer comfort and luxury to customers.

Online Bookings: With increase in internet penetration and digital adoption in the country, car rental services are shifting to online platforms for direct bookings and confirmations. This makes the entire process hassle-free and contactless.

Unique Business Models: Year-on-Year with the help of technology, unique business models and features are coming up in the market like allowing private car owners to give out their spare vehicles on lease or rent. Ultimately, car rental services are becoming more accessible to customers.

Increasing Traffic and Congestion in Crowded Areas: The parking issues in urban cities is increasing due to limited space and increase in population, expecting the passengers to use more of ride hailing and ride sharing services.

Increase in Tourism: Lately, the international tourism sector is again increasing in Philippines with more than ~1500% increase in tourist arrivals from 2021 to 2022P. With that, there’s only an expectation of the demand to grow in future by tourists.

Analysts at Ken Research in their latest publication “Philippines Car Rental Market Outlook to 2027 - Driven by the increase in tourism and business activities along with deeper internet penetration and adoption of digital services.” observed that the Philippines car sharing market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increased internet penetration and the adoption of smartphones. The Philippines Car Rental Market is expected to grow at robust CAGR over the forecasted period 2022 -2027.

Key Segments Covered in the report

Philippines car Rental Market

By Type of Booking

• Online market
• Offline market

By Type of Car

• Small Cars(PHP 3500-7500 / Per trip)
• Medium(PHP 3500-7500 / Per trip)
• Luxury(PHP 7500+)

By Purpose

• Leisure
• Business

Philippines Car Leasing Market

By Type of Region

• Manila
• Luzon
• Visayas
• Mindanao

By Time Duration

• 1 year
• 2 year
• 3 year
• 4 or more year

By Vehicle Price Range

• Sedan(PHP 20000-35000
• SUV(PHP 35000-50000)
• Premium(PHP 50000+)

By Type of End User

• Corporate
• Retail Individuals

Philippines Ride Hailing Market

         By Type of Region

• Metropolitan
• Non Metropolitan

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Philippines Ride Sharing Market

By Point of Service

• Rest Area
• At Airport

By Type of Car

• Sedan
• SUV

By Type of Distance

• Short distance
• Long distance

Philippines Self-Drive Car Rental Market

By Type of Region

• Metro cities
• Non metro cities

By Type of Booking Channel

• Online
• Offline

By Usage

• Intercity
• Intracity

By Time Period

• 1-2 days
• A week
• A month

By Type of Car

• Standard (PHP 1500 + / per hour)
• Luxury (PHP 1000-4000/24hours)

By Type of Booking Period

• Weekend
• Weekdays

By Segment of Car

• Standard
• luxury

By Status of Ownership

• Owned
• Leased

By Point of Service

• At Airport
• Rest area

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Key Target Audience

• Car Rental Service Providers
• Car Rental Companies aiming to establish in the Philippines
• Philippines Automotive Industries
• Government Bodies & Regulating Authorities
• Venture Capitalist targeting the car rental market
• Automotive industry association
• Car Manufacturers
• Existing Car Rental Companies
• OEM Dealerships
• New Market Entrants
• Investors
• Car Rental Associations

Time Period Captured in the Report:

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

Companies Covered:

Car Rental

• Diamond Rent-a-Car
• Luxicar
• Voyg
• Rent a Car ECLPI
• Avis
• Hertz
• SafeRide

Self-Drive

• Europcar
• Thrifty
• Juzzr Car Rental
• Hertz
• Voyg
• SafeRide
• VPI

Ride Hailing

• Grab
• JoyRide
• Hirna
• Maxim

Ride Sharing

• Grab
• Hirna

Car Leasing

• Orix
• Avis
• Diamond Rent-a-Car
• Europcar
• Herts
• ECLPI Rent a Car

Key Topics Covered in the Report

• Overview and Genesis of Car Rental Market in Philippines
• Ecosystem of Philippines Car Rental Market
• Business Cycle of Philippines Car Rental Market
• Timeline of Major Players of Philippines Car Rental Market
• Value Chain Analysis of Philippines Car Rental Market
• Philippines Car Rental Market Sizing, 2017- 2022
• Market Segmentations of Car Rental Market in Philippines
• Snapshots on different Car Rental Markets in Philippines
• Industrial Analysis of Car Rental Market in Philippines
• Competitive Analysis of Car Rental Market in Philippines
• Future Outlook and Projections of Car Rental Market in Philippines

For More Insights On Market Intelligence, Refer to the Link Below: –

Philippines Car Rental Market Outlook to 2027

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Vietnam Car Rental Market Outlook to 2027F

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The Philippines Data Center Market is Expected to Reach $600 Mn by 2027: Ken Research

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The Philippines a country located in southern Asia has witnessed remarkable growth in the field of data center market. With 84.6 Mn smartphone users currently the data market revenue of the country is at an all-time high. The Philippines currently have a total of 26 data centers and it’s expected to grow more in the upcoming years.

Story Outline

• The Philippines has emerged as one of the fastest-growing markets for data centers in the whole of Southeast Asia in recent years. Its data center market is expected to grow at double CAGR in the upcoming years.
• Manila capital of the Philippines is the main and most important region of the Data Center Market in the country.
• Philippines is embracing digitalization by receiving assistance from cloud providers like Amazon web services, Google, and Tencent Cloud

1.Easy access to the internet is the reason behind the growing data center market.

• Almost 67% of the Philippines population has access to the internet which results in 76 Mn active internet subscribers as of 2022.
• The internet subscribers of the Philippines are supposed to be 92 Mn in 2027 whereas smartphone users will rise to 93 Mn.
• This rapid change in digitalization will further enhance the data center market of the Philippines and will attract more and more investors to the market.

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As per Ken Research, the Philippines data center market is expected to reach ~ 600 Mn USD by 2027 owing to reasons like heavy internet penetration in the country and a wave of digitalization. Currently, the market is growing at a CAGR of 7.9% between 2018 – 2022.

2.Digitalization in the country influencing the data center revenue

• Filipinos are considered the heaviest users of the Internet and social media in Southeast Asia which is one of the factors why the data center market is growing rapidly in the region. Currently, the Internet penetration rate is ~73.1% in the country.
• Digital payments are also one of the major contributors to growth in the data center market of the Philippines. When it comes to making online payments around 23% of male and 26% of the female population have actively used digital modes of payment in 2022.
• As of 2020, almost 25 Mn local population was using mobile wallets for digital payments. Domestic companies like GCash and Maya were leading this market in the Philippines. Around ~26% of retail transactions were recorded in the year 2020. In 2021, 61 Mn users of digital payment methods were recorded in the country.
• In the year 2019, the central bank of the Philippines “The Bangko Sental ng Pilipinas” launched QR PH for peer-to-peer (P2P) payments. Just three years later in 2022, users of this payment method increased by 70 percent. Heavy internet penetration and a wave of digitalization are some of the major reasons behind this huge jump in P2P payments.

3.Key Players of the Data Center Market of the Philippines

• ePLDT, Globe Telecom, Total Information Management, PHCOLO, Beeinfotech, and others are the major players in the data center market in the country.
• ePLDT is the market leader with the highest market share. At the moment, ePLDT has 10 world-class data centers across the country and rules more than half of the data center market.
• In addition, the firm is planning to launch its 11^th and most advanced data center in 2024 with a 50 Mw capacity. President and CEO of ePLDT Victor S. Genuino recently disclosed plans for the company to establish a 12th data center facility in the nation.

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4.Future of the Data Center Market in the Philippines

• The market is further projected to witness major investments by new entrants. It is estimated that by 2028, the data center market of the Philippines is trying to double its data center market capacity by increasing the number of data center facilities.
• Leading player of the market ePLDT is planning to launch its 12^th data center in the region with a capacity of 100 Mw.
• Philippines as a data center market is on its path to digitalization and cloud providers like Amazon web services, Google, and Tencent Cloud are assisting and helping the country in this transformation.

5.Major Government Initiatives for the Data center market in the country

• One of the major factors behind the growth of the data market industry in the Philippines is the supportive cloud policy by the organizations.
• The pandemic of Covid-19 has also forced businesses to shift towards digitalization in recent years.
• Growth of the e-commerce sector and investments of foreign players like Beeinfotech and Alibaba has also enabled the market to grow significantly. Alibaba has committed to invest around $1 Billion to develop the Philippines’ digital pool in the next three years.
• On the other hand, in 2022, Beeinfotech launched a data center facility in the Philippines with an investment of around $100Mn to boom its cloud services in the region.

Conclusion

The Philippines is a growing market for the data center in southeast Asia and the development of the data center market in the country in recent years is showing that it can become a hub of data centers. With 84.6 Mn smartphone users and 76 Mn active internet users shows how fast the country is heading towards digitalization. The wave of digitalization will help the country to enhance its strength of data centers in the coming years. Along with current market players data center market of the Philippines is expected to receive huge investments from foreign investors also in the next five years.

The increase in internet penetration and adoption of smart phones in the country will boost Philippines Car Rental Market: Ken Research

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1.With increase in internet penetration and digital adoption in the country, car rental services are shifting to online platforms for direct bookings and confirmations.

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With the increase in internet penetration and adoption of smart phones, the market for car rental services has expanded, hence becoming easier for people to access.  Ongoing developments in the Philippines car rental market such as integrating Services with Internet of Things, Online Bookings, Unique Business Models, Reliable Personal Identification Process, and Scanned Fingerprints are helping the car rental market to grow. Car rental companies are moving to online platforms for direct bookings and confirmations as internet usage and digital adoption rise throughout the nation. As a result, the procedure is hassle-free and contactless.

2.In the last few years, the mode of booking for car rental services has shifted from offline to online platforms

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In the last few years, the mode of booking for car rental services has shifted to online platforms with 60% bookings being made online. This can be attributed to the increasing internet penetration and familiarity of online bookings across the country along with the easy booking process and time saving benefits of online bookings.

3.The household distribution of vehicle ownership (car/ jeep/ van) is less than 10%.

The household distribution of vehicle ownership (car/ jeep/ van) is less than 10% due to high vehicle ownership costs, maintenance costs and increasing traffic and congestion in urban areas. This provides the car rental industry with a bright future and big potential market to capture.

Australia’s Logistics Market to grow at the rate of 4.6 % in the upcoming period between 2022-2026 owing to government policies such as Heavy Vehicle National Law alongside technological innovations such as Real-Time Tracking: Ken Research

 History of steady growth alongside a positive future forecast provides Australia’s logistics Market increasing confidence & interest of stakeholders, says a report by Ken Research

1. The government of Australia is aiming to establish it as a Logistics Hub by huge investments in the infrastructure and designing National Freight and Supply Chain Strategy

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The government of Australia is aiming to establish it as a Logistics Hub by huge investments in the infrastructure and designing National Freight and Supply Chain Strategy. Initiatives like National Freight Data Hub and different training packages will help Australia government to achieve the economic growth targets by 2040. Initiatives such as heavy investments in Infrastructure development, Freight Movement Code and Protocol for Domestic Border Controls, Heavy Vehicle National Law and National Freight and Supply Chain Strategy are aimed at enhancing the already improved state of country’s Logistics Market.

2.“Integrating Technology to market’s growth prospects:” With the increasing technological innovations and advancements across the world, logistics sector in Australia is also getting benefitted.

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Technology options such as Real Time Tracking, Control Tower, smarter operations & greater service quality serve as a major benefit for Australia’s Logistics Market. A major benefit of technologies such as warehouse Management System is that) it further optimizes and accelerates key warehousing tasks by directing receiving, put-away, picking, packing, shipping and space utilization along optimized routes is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. All in all, technological innovations are anticipated to be inculcated deep into the logistics systems in Australia.

Major Players Mentioned in the Report:

Australia Logistics Market

• Lindsay
• Wiseway
• K&S Corporation
• Yusen Logistics

Australia Freight Market

• Agility
• DHL Express
• Nile Logistics
• GAC
• DSV

Australia warehousing Market

• Core Realty
• Mc Geez
• Cerno
• Comercial SA
• Bayly

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

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Year: 2021
• Forecast Period: 2022-2026

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

Australia Logistics Market 

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USA Logistics Industry Outlook to 2026: “Driven by Government support, E-commerce demand and infrastructure investment in the country

Australia Logistics Market Outlook to 2025- Led by Growth in Road Freight Services and Rising demand for Cold Storage Space

Germany E-Commerce Logistics Market Outlook to 2026F- Driven by Rising Online Population, Technological Advancements and Demand for Sustainable Deliveries

3 technology trends that will drive the Global E-learning markets to reach $ 400 Bn by 2027 says a report by Ken Research

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Global E-learning Market Ecosystem

Global E-learning Market is at a growing stage. It is a fragmented market with the presence of many e-learning companies. The e-learning market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform. Few major global e-learning players are Aptara, Inc, Adobe Systems Inc, Cornerstone, Citrix Education, Meridian Knowledge Solutions, Microsoft Corporation etc.

E-learning Global Service Provider Market

1.Mobile Learning Technologies are Growing at a Fast Pace

The mobile learning technology has witnessed faster adoption in the eLearning market with the increased use of smartphones. Many application-based knowledge platforms are being developed which allow smartphone users to gain insights into any topic in real-time. Some educational institutes and universities develop their own mobile-based applications that allow the students to log in to the student portal and get access to the missed lectures. A few prominent mobile applications currently in use in the corporate sectors are Udemy, Skill Pill, Design Jot, and Boost HQ. Furthermore, the developers in the market also offer a game-based application platform that is used for teaching children with the help of interactive animated videos and pictures. These technologies enable schools to enhance the logical & reasoning skills and IQ of their students.

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2.Increasing Use of VR and AR Applications to Create Lucrative Opportunities for the Global E-learning Market

Virtual reality technology facilitates deep learning by decreasing danger and immersing learners in a new setting. Because they provide practical answers, AR and VR technologies are increasingly being employed in the classroom. Virtual reality is being used to carry out complex procedures and handle high-risk situations. They cater to individual needs and assist students in developing a fully immersive learning experience. Immersive VR Education is a software company founded in 2014. They are best known for their ENGAGE platform that was specifically built for training and education based on virtual reality. Alchemy VR is another such platform which is one of the leaders in modern technological innovations in the realm of education.

3.Insight by Deployment Model in the e-learning space: Based on the deployment model, the cloud segment is leading the industry globally and is expected to register the fastest CAGR over the foreseen period. Cloud-based solutions are gaining remarkable traction in schools and universities due to their cost-effective and flexible training approaches for students. The cloud computing-based e-learning technology further enables educational institutions to build a virtual environment for learners and educators. Thus, cloud technology is majorly implemented in the education sector, which is expected to contribute towards high segmental growth. The public cloud deployment model works well with companies with little privacy concerns. Amazon Elastic Compute Cloud (Amazon EC2), AWS (Amazon Web Services), Microsoft Azure, IBM Cloud, Google Cloud, Salesforce Heroku are a few examples of public cloud deployments.

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Market Taxonomy

By Provider

• Content Provider
• Service Provider

By Deployment Model

• On-premise
• Cloud

By Course

• Primary and Secondary Education
• Higher Education
• Online Certification and Professional Course
• Test Preparation

By End User

• Academic
• Corporate
• Government

By Region

• North America
• Europe
• Asia-Pacific
• LAMEA

Key Target Audience 

• E-Learning Companies
• LMS Platforms
• Language Learning Platforms
• Institutes/Colleges
• Schools
• Investors
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report

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

Major Players Mentioned in the Report

• Adobe
• Aptara Inc.
• Articulate Global, LLC
• CERTPOINT
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• D2L Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE

For More Insights On Market Intelligence, Refer to the Link Below: –

Global E-learning Market

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Egypt E-Learning Market Outlook to 2026- Driven by easy and on-demand access to content, self-paced learning opportunities and interactive & modular means of learning

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UAE Experiential Learning Market Outlook to 2025- Concentrated Activity Box and E-Learning Segment Paving Ways for International Players to Expand

India Catering Services Market forecasted to grow further into USD opportunity by 2027 : Ken Research

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What is the Size of India Catering Service Industry?

India Catering Service market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027F.

The India Catering Service Market is largely driven by increasing Urbanization and the increase of tourism in the country.

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

To run a food catering business in India, it is mandatory to obtain the FSSAI license to continue activities related to any stage of manufacturing, storage, packaging, processing, catering services, import and includes catering services, food services, sale of food as well as the sale of food ingredients.

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

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India Catering Service Market by type

The India Catering Service market is segmented by Type into Contract catering and non-Contract catering. Non-Contract type was the most dominant type in India Catering Service market in 2022.

India Catering Service Market by Length of Contract

The India Catering Service market is segmented by Length of Contract into Short-Term, 1 year and more than 1 year.

The contract catering services in India were mainly dominated by 1 yearlong contract as they accounted for majority of the share of the catering contracts revenue in 2022 as the customers initially look for good quality catering service. Once satisfied with the services, they tend to renew the contracts after 1 year.

India Catering Service Market by End-user

The India Catering Service market is segmented by End-User into Industrial, Government, In-Flight, Corporate, Education, Event, Healthcare and Others. The event and marriage sector has accounted for the major share of revenue in catering services. The establishment of a large number of malls, schools, companies, colleges, IT parks, factories, and hospitals will widen the scope of the food catering business in India.

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Competition Scenario in India Catering Service Market

India Catering Service Market is in the growing stage, consisting of ~ players (banks and digital payment companies) with just few companies acquitting the major portion of the market. India Catering Service market is fragmented with the manifestation of small, medium and large corporations. Some of the major players in the India Catering Service market are Sodexo, Compass India, Box8, Levy, HungerBox, LSG Sky Chefs, ABC Corp etc.

What is the Expected Future Outlook for the Overall India Catering Service Market?

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

The India Catering Service market is driven by increasing Urbanization and Tourism in the country and also due to changing lifestyles. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The India Catering Services Market is projected to show significant growth in the coming years. It is expected to be driven by quickly developing business-to-business (B2B) events sector and food and beverage services being offered at a growing number of corporate events. Growing health consciousness such as being vegan and eating green food in Indian cuisines is affecting an individual’s order pattern which is one of the major driving forces.

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

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

Moreover, the market for catering services will be growing because of factors including hectic lifestyles and difficulties associated with cooking at home. Also, hotels and restaurants are coming up with innovative catering services, which are expected to fuel the catering service industry. The market will also expand because of the increased focus on implementing technology to enhance the customer experience and minimize time spent waiting for food. Specialized catering services are increasing in demand as global multinational corporations are quickly expanding in emerging regions of India.

For More Insights On Market Intelligence, Refer to the Link Below: –

India Catering Service Market

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Australia Catering Services Market Outlook to 2027

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The Dynamic Landscape In Recent Month Of The Information Technology Market Outlook: Ken Research

According to the report analysis, ‘Information Technology Industry Business Outlook And Procurement Survey June 2018 – November 2018’ suggests that companies are expected to gain significant growth opportunities from emerging markets (such as india, china and brazil) and developed markets (such as the us, germany, and the uk) during june-november 2018. Moreover, mergers and acquisitions are expected to increase with in the it industry over the next six months. Whereas, the majority of the it industry executives surveyed expect that their companies are most likely to invest in emerging technology such as artificial intelligence (ai) and internet of things (iot) over the next two years. Additionally, the information technology is widely used as a synonym for the computer networks, computers and others. Most importantly information technology involves things related to the internet. 

Information technology is a sector of business that deals with computing which includes telecommunication, computer software, hardware and generally anything that involved in the transfer of information or system that enable communication. Information technology plays a vital role in the corporate sector whereas it is widely used in business and the field of computing. Moreover, information technology involves the maintenance, use of computer systems, development, software and network for the processing and distribution of data.

In the recent trend, information technology has become an essential part of our lives and pursue to proliferate into new realms. Moreover, in the market sector of information technology, amid the several challenges, such as rising competition, market uncertainty, and responding to pricing pressure, it companies are expected to grow significantly with their capital expenditure towards the new product development, and research & development over the next six months. The more development in the technology, expansion in the current market, new product development, and improving operational efficiency are the top four priorities for the it companies over the next six months.

Globally, china and india are the emerging markets that have the most potential for significant growth opportunities for the it industry, while, the us is highest growth-offering developed market during june-november 2018. Whereas, overall 68.0% of executives indicate that customer engagement has the highest scope for the digital transformation within the information technology industry. In addition, there are numerous key players which are currently operating in this sector which includes infosys, amazon, microsoft corporation, dell technologies, accompany, astound, capgemini corporation, cisco systems and others. The key players expect an increment in the procurement activities for the information technology services and technology/license purchases during june-november 2018. Information technology plays a central role in the operation of many companies due to the computer networking sites.

With the applications and usage of the information technology lead the significant growth in this market with more innovations and upgradation in the old processing unit. Therefore, it is expected that in the near future the information technology industry will grow positively.

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