Monetary sanctions negatively affected investors’ appetite in Russia ICT Sector : Ken research

• Respondents showcases that a sizeable number of the respondents willing to decrease their ICT budget slightly or significantly.
• The current adverse monetary state of Russia has its toll over range of ventures affecting the ICT investments in the nation.
• Customer support, service support & help desk management are few IT functions that are predominantly outsourced by most of the respondents.

Ken research announced its recent production on “ICT investment trends in Russia; Enterprise ICT spending patterns through to the end of 2017,” offers insights on  ICT budgets across the core segments of enterprise ICT expenditure such as hardware, software, IT services, communications, and consulting. The report delineates the core technologies that enterprises are putting resources into, including business intelligence, portability management, green IT & virtualization, and web of things. The study of 98 Russian enterprises highlights the way to deal with acquiring technology embraced by endeavours in Russia. The report comprehends how ICT rubles are being allocated by Russian enterprises in specific geographies and size bands. Moreover the publication provides an in-depth analysis of the Russian enterprises investment priorities, new budget plans, outsourced ICT functions, factors affecting such decisions. This report offers an overview of the changes in customers' priorities and the current strategic objectives of Russian enterprises which will further help every individual from regional to foreign to realign their strategies.
Russia has an upper-center income blended economy with state proprietorship in strategic zones of the economy. Market changes in the 1990s privatized a lot of Russian industry and agriculture, with striking special exceptions to this privatization happening in the vitality and defence related segments. Russia's incomprehensible geography is an essential determinant of its financial activity, with a few sources assessing that Russia contains more than 30 percent of the world's natural assets.
In 2015, the Russian economy was ranked sixth largest across the globe by PPP and twelfth largest at market exchange rates. Between 2000 and 2012 Russia's energy exports intensified a rapid growth in the standard of living, with real disposable income rising by 160% which is accounted to more than sevenfold increase according to US monetisation. All this while, the unemployment and poverty more than halved but in 2015, the unemployment rate grew from 5.2 in 2014 to 5.6 in 2015.
The Russian economy experienced two noteworthy shocks in 2014, barely avoiding recession with moderate development of 0.6%. The main shock was the sharp decrease in oil prices amid the third and final quarter of 2014, uncovering Russia’s outrageous dependence on worldwide product cycles. After fluctuating within a tight band near USD 105 for every barrel from 2011-2013, crude oil costs ended 2014 at less than USD 60 for each barrel. The second shock was the monetary sanctions resulting from geopolitical tensions, which contrarily influenced investor appetite for Russian endeavours. Capital flights and high inflation exacerbate Russia’s monetary burdens as the economy enrolled the steepest compression since 2009 contracting 3.7% in the full year 2015.
The monetary impact is reflected on the investment trends of the Russian organizations which witnesses a downward trend. Most of the respondents outsource few of the IT services predominantly to improve the efficiency of all these services which include customer support, service support, help desk and management.
Topics Covered in the Report

• Global ICT Industry research
• Russia ICT Market research
• Russia ICT market Outlook
• Russia ICT market trends
• Cloud Computing market Trends Russia
• Mobile Phone subscribers report Russia
• Broadband connection research report Russia
• Russia IT budget Allocation market
• Russia cloud computing budget allocation
• Russia ICT budget allocation

To know more on the coverage, tap on the link underneath:
https://www.kenresearch.com/technology-and-telecom/it-and-ites/ict-investment-trends-in-russia-spending-patterns-2017/53766-105.html
Related Reports
ICT investment trends in South Korea; Enterprise ICT spending patterns through to the end of2017
ICT investment trends in Italy; Enterprise ICT spending patterns through to the end of 2017

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

Rapid Adoption of Mobile Banking in Canada Elevating Retail Banking: Ken Research

• Mobile is now the preferred channel for routine transactions for around a tenth of consumers, and this proportion will rise as older consumers adopt mobile banking in greater numbers
• Branch location is of greatest importance to post-families; over half of younger consumers also cited this as a factor.
• Although branches are being used progressively but less for transactional activities and remain vital for sales-led activities.

Ken research declared its recent production on “Retail Banking Country Snapshot: Canada 2016” which offers insight on retail banking sector in Canada, which is highly concentrated upon the current account, savings, mortgage, and personal loans markets which includes both market-level data and information from global retail banking insight survey. Furthermore, the report offers an in-depth analysis of consumer approach towards the financial sector and how it has evolved over a period of time including who are dominating the market and what factors persuaded them to make such decisions. Likewise it includes the shrewd investigation of the extent of consumers using internet and mobile channels to do their research on financial products. This report will help you learn the impacts which new incumbent and distribution channels will have on the market.

Canada possess the 10th or 15th-largest economy across the globe, and is one of the world's wealthiest nations, moreover, it is a member of the Organization for Economic Co-operation and Development and Group of Seven. 85.8% of the population in the nation uses internet. The Canadian economy is dominated by the service industry, which employs about three quarters of Canadians. Canada is a global leader in the production of many natural resources, for example gold, nickel, uranium, diamonds, lead, and lately crude petroleum, which, with the world's second-largest oil reserves, is taking an expanding prominent position in natural resources extraction. Several of Canada's largest companies are based in natural resource industries, such as EnCana, Cameco, Goldcorp, and Barrick Gold.

Banking in Canada is hugely acknowledged as one of the safest banking systems across the world, ranking as the planet’s soundest banking system for the last six years according to reports by the World Economic Forum. Global finance magazine in October, 2010 had put Royal Bank of Canada at number 10 among the world's safest banks and Toronto-Dominion Bank at number 15.

Opting for providers on the basis of reputation, branch presence, and pricing were observed widely by the people of Canada, conservative preferences were not only observed in the post-family consumers but by the pre- and younger families as well. Mobile is the newest banking channel and has yet to reach maturity, it’s still a long way to go as around 80% of post-family consumers have never used the channel, although branches are being used progressively but less for transactional activities, they remain vital for sales-led activities.

To know more on the coverage, tap on the link underneath:

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/retail-banking-country-snapshot-canada-2016/58928-93.html

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Ken Research 
Ankur Gupta, Head Marketing & Communications
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Government plans to subsidize broadband networks to boom ICT budget in Austria: Ken Research

• Kable's survey reveals that majority of Austrian enterprises are planning to expand their ICT budget significantly in 2016
• Austrian financing initiatives is COMET (Competence Centres for Excellent Technologies).
• survey data reflects that SaaS as the most preferred cloud computing solution area among Austrian enterprises in 2015
  

Ken research announced its latest distribution on “ICT investment trends in Austria; Enterprise ICT spending patterns through to the end of 2017,” offers insights on  ICT budgets across the core segments of enterprise ICT expenditure such as hardware, software, IT services, communications, and consulting. The report delineates the core technologies that enterprises are putting resources into, including business intelligence, portability management, green IT & virtualization, and web of things. The study of 45 Austrian enterprises highlights the way to deal with acquiring technology embraced by endeavours in Austria. The report aims to offer a superior understanding to ICT vendors and service suppliers when contributing their solutions to enterprises in Austria. Moreover the publication provides an in-depth analysis of the Austrian enterprises investment priorities, new budget plans, outsourced ICT functions, factors affecting such decisions. This report offers an overview of the changes in customers' priorities and the current strategic objectives of Austrian enterprises which will further help every individual from regional to foreign to realign their strategies.

Austria is one of the 14 richest countries in the world in terms of GDP likewise has a well-developed social market economy, and a high standard of living. Austria's profoundly created and strong economy supports high amounts of prosperity. Openness to worldwide exchange and investment is firmly institutionalized and upheld by a generally productive entrepreneurial structure. Austria has a solid convention of dependable assurance of property rights, and the lawful framework is straightforward and equally connected. Viable anti-corruption measures are in drive. After being a highly developed industry, international tourism is also the most imperative part of the national economy.

Since Austria turned into a member state of the European Union it has increased nearer binds to other European Union economies, diminishing its monetary dependence on Germany. Moreover, enrolment in the EU has drawn an influx of outside financial investors pulled in by Austria's access to the single European market and proximity to the aspiring economies of the European Union.

A standout amongst the best Austrian financing initiatives is COMET (Competence Centres for Excellent Technologies). The fundamental point of COMET is to further strengthen the collaboration amongst science and industry and in this way advance the improvement of joint research skills and the learning of experts as well as to commercially realize research results.

As per Kable, the ICT market in Austria is relied upon to develop in the coming years with endeavours putting more in the ICT domain. The Austrian government has uncovered arrangements to sponsor broadband networks to guarantee 100% coverage and has also underscored of the need of having strong cyber security structure and innovative work in the ICT space and moreover survey data reflects that SaaS was the most preferred cloud computing solution area among Austrian endeavours in 2015, as enterprises allocated more than one-third of their average cloud computing budget to this domain.

To know more on the coverage, tap on the link underneath:

https://www.kenresearch.com/technology-and-telecom/it-and-ites/ict-investment-trends-in-austria-spending-patterns-2017/53768-105.html

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Ankur Gupta, Head Marketing & Communications
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Growing Demand for Sensor Enabled Products and Increasing Product Affordability and Online Sales are driving the India Large Appliances Market: Ken Research

Rise in Demand for Smart Appliances, Growing Preferences for Sensor Enabled Products and Product Affordability due to Easy Finance Availability has pushed the demand for large appliances in India.

 The report titled “India Large Appliances Market Outlook to 2020 - Make in Initiatives to Reduce Imports and Growing Demand for Sensor Enabled Products to Drive Demand” provides brief overview on the India Large Appliances Market and helps readers to identify the ongoing trends in the market and anticipated growth in future depending upon changing market dynamics in coming years. The report will help existing distributors, manufacturers in large appliances space to align their market centric strategies according to ongoing and expected trends in the future.

Large appliances are basic household electrical appliances used in everyday life to have better living and working experience. These appliances include air conditioner, refrigerator, washing machine, and television. Rising urban population, increase in disposable income and supportive government policies are expected to drive the market in future. Large appliances are a very dynamic market and continuous innovation is required to make the products more economical and user friendly. Within the home appliance industry, sensors are playing a significant role to influence the way consumers interact with smart appliances such as washing machines, dishwashers and refrigerators. Temperature sensing and control are among the most important and well-established sensor functions in modern home appliances in India. The use of sensors in multiple applications, including smart power grids, smart buildings and smart industrial process control, helps enable a more efficient use of resources and a reduction in greenhouse gas emissions.

Advancement in technology and higher competition has led to price reduction across various consumer durable product segments such as air conditioners, washing machines, refrigerators and TVs. With the initiative of “Make in India” campaign, many domestic and Chinese manufactures are investing in India to set up their manufacturing plants which would produce more affordable products. With the reduction in prices, the companies have also introduced star rated, energy efficient ACs and refrigerators to arrange a new product line for the customers.

The sales for large appliances in India has expanded at a robust pace owing to easier finance availability, which has increased affordability by giving lucrative payment option. This has not only pushed the replacement demand for large appliances but also supported the growth in new demand. The products are even provided at 0% finance especially in festive seasons, to garner higher sales compared to other peers.

Furthermore, an electronics development fund of USD 2 billion has been created to promote innovation, intellectual property innovation and product commercialization. 

According to Research Analyst, the local companies in India should follow the global companies in terms of product innovations. The demand for new products in India is fetched from western demand. Hence, new product innovations in such countries can be replicated in Indian market. For instance, Smartcast TV, 4K and 8K OLED TV are some of the best selling TV models in US. Similarly, steam front load washer and 4.8 cubic ft high efficiency top loader washer is among best selling product models in US market.

Key Topics Covered in the Report

India Air Conditioner Sales

India Air Conditioner Market

India Refrigerator Market Size

India Washing Machine Import

Residential AC Market in India

India Washing Machine Industry

Daikin Air Conditioner Market Share

India Online Electronics Market Sales

Household Appliances Market in India

India Refrigerator Market Competition

For more information about the publication, refer to the link below:

https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/india-large-appliances-market/66043-95.html

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Contact Us:

Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Growing Preferences for Sensor Enabled Products and Product Affordability due to Easy Finance Availability has Pushed the Demand for Large Appliances in India: Ken Research

• Though the manufacturers are witnessing increasingly demanding customers and intensely competitive rivals, more investments in the sector are likely to flow in and the share of organized sector will also grow rapidly
• Market share of front loading washing machine, multi-door refrigerator, inverter type air conditioner and 4K smart television will become the future for large appliances in India.
• Make in India initiative to support domestic manufacturing is anticipated to enhance the companies to setup their manufacturing base in Indian market. This will reduce the dependency on imports that will certainly drive down the costs.

Ken Research announced its latest publication on “India Large Appliances Market Outlook to 2020- Make in Initiatives to Reduce Imports and Growing Demand for Sensor Enabled Products to Drive Demand” provides a comprehensive analysis of large appliances market in India including revenue from domestic sale in television, washing machine, air conditioner and refrigerator. Market was also estimated based on volume sales in each category. Market is segmented based on product type and sub segmented based on their essential features and price range along with distribution channel. The report also covers the snapshot of logistics, competitive landscape of major players in India large appliances market and export and import scenario. The report concludes with market projections for future and analyst recommendation highlighting the major opportunities and cautions.

Indian large appliances industry has become one of the fastest growing sectors, primarily driven by growing Indian economy. With sound growth in disposable income and the development of product technology, the demand for the diverse consumer durable goods are growing. With GST constitutional amendment bill passed by the Rajya Sabha followed by some state legislatures, the government hopes that it would be able to implement GST from April 2017. GST will be beneficial to the consumer durable industry as the companies currently pay tax in the range of 20-25% currently which is likely to come down. The GST regime will also reduce the price differential between the organized and unorganized players. Further logistics and inventory handling costs for the companies is also expected to decline. All this would lead to lower prices for the end consumer and thereby resulting in higher demand for the companies.

Washing machines in India is largely an urban phenomenon. Urban houses are nicely structured with necessary plumbing and have clean water available, unlike rural homes where hand washing is still commonplace. Improving sanitation facilities in rural areas and availability of lower priced models especially for rural population will be the key catalyst for the growth of washing machines in India.

The frost free refrigerator market of India is gaining massive popularity and momentum over traditional refrigerator models. There is a rising trend for double door refrigerator which starts from 200 liter capacity to maximum 500 liters. The demand for refrigerator in India is mainly driven from urban areas and will continue to be demanded from these regions only.

Presently for air conditioners, the northern region accounts for the largest share of the air conditioners market in India, followed by the southern region. The country is also emerging as a major production hub for the SAARC region with all major global players’ production facilities base in India. This region will continue to experience an increasing demand for air conditioners in India.

According to Research Analyst, the companies should setup their independent recycling plants, which can be utilized in a better way. Moreover, at the time of product sales, the company can use replacement as a tool for product promotion in which they can introduce a flat discount if the customer comes to replace the product after a specified period of time. If it would incur a large cost to setup independent recycling plants, two or three companies can join together to setup their plant which will also lead to economies of scale.  
Key Topics Covered in the Report

•  Executive Summary
• Research Methodology
• India Large Appliances Market Genesis & Current Outlook
• Logistics Handling for Large Appliances in India
• Export and Import Scenario of Large Appliances in India
• Snapshot of Online Sales for Large Appliances in India
• Government Initiatives in India Large Appliances Market
• Trends and Developments in India Large Appliances Market
• Competition Scenario in India Large Appliances Market
• Market Share of Major Players in India Large Appliances Market, 2015
• Competitive Landscape of Major Players in India Large Appliances Market
• Competitive Landscape for Emerging Players in India Large Appliances Market
• India Large Appliances Future Outlook and Projections, 2016-2020

Key Products in the Report

Television, Washing Machine, Refrigerator, Air Conditioner

Key Market Players in the Report

Samsung, LG, Voltas, Whirlpool, Videocon, Micromax, VU Technologies

For more information about the publication, refer to the link below:

https://www.kenresearch.com/consumer-products-and-retail/consumer-electronics/india-large-appliances-market/66043-95.html

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 Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Rapid Adoption of Internet Creating Opportunities in ICT Sector in Mexico: Ken Research

Ken research announced recent publication on “ICT investment trends in Mexico; Enterprise ICT spending patterns through to the end of 2017,” which offers insights on the comprehensive overview of the Mexican ICT industry and impact of economy. The report also discusses ICT budget expenditure including hardware, software, IT services, telecommunications, and consulting. There is a detailed discussion on Application of ICT in technologies such as IoT, cloud computing, business intelligence, and mobility management. Report analyses allocation across the core elements of IT spend, including hardware, software, services, communications, and consulting. There is an analysis on demand of major applications of ICT in Mexican enterprises.

Mexican economy is showcasing positive growth outlook with a focus on technological developments and on the move to become rapidly growing technology hub in Latin American region. This move is attracting many foreign players to invest in the ICT sector in the country in various domains.

Telecommunication sector is generating great results in the country with high adoption rate of wireless communication devices. Technological development and adoption both are high in the country. According to the Mexican Federal Commission of Telecommunications the telecommunication sector recorded 21% growth in 2003 and same has been continued.

Business Opportunities In ICT sector in Mexico

-          Demand for IT equipments for SMEs

-          VoIP and servers

-          Demand for entertainment products such as MP3 players, mobile phones, PDAs

Key Companies Discussed in the Report:

-          Microsoft

-          Cisco

-          IBM

-          Google

-          AT&T

-          Adobe

-          HP

-          EMC

-          Oracle

-          Aruba

-          Dell

Topics covered in the Report

·         Global ICT Industry

·         Latin America ICT Market

·         Mexico ICT market Outlook

·         Mexico ICT trends

·         Cloud Computing Trends Mexico

·         Mobile Phone subscribers Mexico

·         Broadband connection Mexico

·         Mexico IT budget Allocation

·         Mexico cloud computing budget allocation

·         Mexico ICT budget allocation

To know more on the coverage, tap on the link underneath:

https://www.kenresearch.com/technology-and-telecom/it-and-ites/ict-investment-trends-in-mexico-spending-patterns-2017/53764-105.html

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Contact:

Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204

Cost of Operations to upsurge the ICT Budget in Italy: Ken research

• Italian economy showed great signs of possible economic turnaround in the early 2016.
• Italian enterprises are investing in business intelligence (BI) to derive knowledge from the growing volume of unstructured data, enabling the top management to deliver strategic decisions.
• Enterprises look to retain customers and expand the involvement of vendors to improve their supply chain management.

Ken research announced its recent production on “ICT investment trends in Italy; Enterprise ICT spending patterns through to the end of 2017,” offers insights on  ICT budgets across the core segments of enterprise ICT expenditure such as hardware, software, IT services, communications, and consulting. The report delineates the core technologies that enterprises are putting resources into, including business intelligence, portability management, green IT & virtualization, and web of things. The study of 105 Italian enterprises highlights the way to deal with acquiring technology embraced by endeavours in Italy. The report aims to offer a superior understanding to ICT vendors and service suppliers when contributing their solutions to enterprises in Italy. Moreover the publication provides an in-depth analysis of the Italian enterprises investment priorities, new budget plans, outsourced ICT functions, factors affecting such decisions. This report offers an overview of the changes in customers' priorities and the current strategic objectives of Italian enterprises which will further help every individual from regional to foreign to realign their strategies.

Italy is the 3rd-largest national economy in the Euro Zone, the 8th-largest by nominal GDP on the planet, and the 12th-largest by GDP. The country is one of the founding members of the European Union. Its closest trade ties are with the other countries of the European Union. It is one of the world's most industrialized regions, and a leading country in world trade and exports. The country enjoys a very high standard of living, according to the Human Development Index, moreover, it has the world's 8th highest quality of life according to The Economist.

Despite the above important achievements, the nation's economy today suffers from structural and non-structural problems. After strong GDP growth in 1945–1990, the last two decades' average annual growth rates lacked below the EU average; moreover, Italy was hit particularly hard by the recession of late-2000s. The stagnation in economic growth, and the political efforts to rejuvenate it with massive government spending from the 1980s onwards, eventually manufactured a major rise in public debt. After fighting a delayed recession, Italian economy showed some signs of possible monetary turnaround in the mid 2016 permitting the associations to consider expanding the investment relating to information and communication technology.

As indicated by the overview, Italian endeavors are putting resources into business Intelligence (BI) to get bits of knowledge from the developing volume of unstructured information, empowering the top management to deliver strategic decisions. All this while, analytics and information warehousing are the most noticeable BI devices that are gaining expanded consideration from Italian enterprises. The business objectives of 'increase customer satisfaction' and 'enhance supplier intimacy' are gaining more prominent consideration from Italian undertakings as they want to retain clients and enhance the involvement of sellers to enhance their supply chain management.

To know more on the coverage, tap on the link underneath:

https://www.kenresearch.com/technology-and-telecom/it-and-ites/ict-investment-trends-in-italy-spending-patterns-2017/53767-105.html

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Contact:

Ken Research 
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204