Tuesday, October 1, 2019

Changing Dynamics Of The MENA Cloud Infrastructure Market Outlook: Ken Research


For the storage of data, the technology of cloud computing is an innovation. It commonly comprises of three major services software as a service (SaaS), platform as a service (PaaS), and the infrastructure as a service (IaaS). The technology of cloud computing is increasing owing to the growing disbursement in the ICT expenditure and trend of immense data and analytics. Furthermore, the cloud infrastructure denotes to the software and hardware components namely storage, networking, servers and virtualization software that are demanded for a cloud computing model to work. The cloud infrastructure also involves an abstraction layer of software that virtualizes the resources and offerings them to the clients in a programmatic way.

Additionally, the virtualized resources are introduced namely IT department or the service merchants and delivered to the final client through the medium of a network or the internet. These virtualized resources involve the virtual machines which have components namely computer, firewall, memory, computer, network switches, load balancers and storage. In cloud computing architecture, the cloud infrastructure primarily involves the back end components.

According to the report analysis, ‘MENA Market Insights on Cloud Infrastructure: Insights and Forecast, 2018-2024: Emphasis on Deployment Type (Public Cloud, Private Cloud), Public Cloud Services (SaaS, PaaS, IaaS, Cloud Advertising, BPaaS), End User (Banking, Financial Services and Insurance, Retail, Telecom & IT, Healthcare, Media & Entertainment, Government Agencies, Education, Energy, Manufacturing, Other Industries)states that in the MENA market insights on cloud infrastructure, there are numerous key players which presently working more significantly for leading the highest market growth and accounting the handsome value of market share throughout the short span of time while increasing the applications of the services, decreasing the data storage issues, decreasing the price of the services, developing the technologies of function, and delivering the better consumer satisfaction includes Cisco System Inc., Equinix Inc., Google Inc., IBM Corporation, Salesforce. Salesforce.com, AT&T Inc, Amazon Web Services Inc., DXC Technology Company, HP Inc., Rackspace Hosting Inc. and several others.

Corporates create usage of cloud infrastructure to take support of cloud computing to function their day to day function to pursue their operations. The cloud infrastructures are typically accessed utilizing a pay-per-use model, dissimilar structures of the payment that allow users to subscribe to merchant services for a set cost or subscription-based pricing models. For instance, the buying cloud infrastructure from a merchant, corporates can also build their own cloud infrastructure in their buildings. A corporates utilizing a service provider cloud is labelled as public cloud, when an organization utilizes its own infrastructure, it is designated as a private cloud, and when a corporate utilizes jiffs of public and private infrastructure, it is termed as a hybrid cloud.

Nonetheless, In terms of revenue, the Middle East and North Africa cloud infrastructure market presented a remarkable CAGR growth during the reviewed period of 2018-2024. Due to the dependable technological advancements, growing acceptance of the cloud infrastructure services amongst public and private corporates along with government agencies has meaningfully bolstered the requirement for the advanced technology in the economy. In addition, the  regulatory authorities aim to utilize the cloud computing for lengthening admittance to services provided by the government, accomplish superior efficiency and extemporize service levels and escalating the investments in cloud computing has further fostered the market value of cloud infrastructure in the economy. Therefore, in the near years, it is anticipated that the market of cloud infrastructure will increase more significantly over the coming years.

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Kenya Logistics Market Forecast and Analysis: Ken Research

How Kenya Logistics And Warehousing Market Evolved?
Logistics is vital for the economic performance of any economy. Kenya, like other African countries, has structural issues such as logistics infrastructure but the ease of doing business and favorable political climate has steered it ahead in the race.
Kenya Logistics and Warehousing Market consist of various activities such as freight forwarding, warehousing, e-commerce logistics, 3PL services, express delivery and more. The market also consist of value-added logistics services such as assembly, consolidation, co-packing, cross-docking, direct store delivery, fulfillment, import/export, inspection, inventory management, packaging, pick and pack, pool distribution, record retention, reverse logistics, sorting, translating, transportation management, and more.
Kenya Logistics Market
Kenya Logistics and Warehousing market was evaluated to grow from USD ~ million in 2013 to USD ~ million in the year 2018 at a compounded annual growth rate (CAGR) of ~% during the period. The growth was mainly due to a rise in infrastructural investment by the government, mainly in the transport sector and Kenya’s strategic location as the gateway to East Africa. In 2018, Kenya achieved rank 61 in the Ease of Doing Business Index and rank 68 in the Logistics Performance Index.
Contrasting to the global trend, the retail business in Kenya is thriving, making it a lucrative region for international retailers. The increasing middle class and urban-educated the population have pushed the demand for shopping centers and e-commerce in Nairobi and other urban Counties of Kenya.
Kenya Freight Forwarding Market Segmentation
By Mode of Freight
Road Transport dominates the freight forwarding market with a share in overall market revenue of ~%. Sea Transport is popular in Kenya for international freight since the Mombasa Port is one of the sizeable commercial ports in entire Africa. Rail Transport is expected to grow by ~% with introduction of SGR.
By Type of Freight
International freight forwarding accounted for larger revenues share in overall Kenya Freight Forwarding Market, accounting for a share of ~% in the year 2018.
By Flow Corridors
Over the past decade, Asia has replaced Europe as the major trading partner of Kenya with a share in overall share of ~% in international freight. Europe is the biggest export destination of Kenya’s cut-flower market with a share of ~%.
By End Users
The major end-users of freight forwarding services in Kenya include the Food and Beverage, FMCG and Industrial sectors with a share of ~%, ~%, and ~% respectively. The F&B sector also creates a demand for cold transportation for perishable items. The Kenya government in its Big Four Development Plan for lays emphasis on food security and manufacturing. This is expected to boost demand for logistics in FMCG and Industrial sector furthermore.
By Contract and Integrated:
Third-Party Logistics in Kenya has been thriving in the Kenya Freight Forwarding Market with a share of ~% in overall market revenue.
Kenya Warehousing Market Segmentation
By End Users
The major end-users of warehousing services in Kenya include the FMCG, Horticulture and Retail sectors with a share of ~%, ~%, and ~% respectively. The Horticulture sector also creates a demand for cold storage for perishable items. The consistent rise in the number of modern retail outlets has during the period 2013 to 2018 led to an increment in the demand of warehouses as well.
By Type of Warehouse
Open yards are the low specification grade C warehouses that are most prevalent in Kenya, constituting a share of ~%. Closed normal warehouses are also C grade warehouses but with walls and contribute revenue share of ~%. Closed AC and Cold Storage are relatively few and contribute a share of ~% and ~% respectively.
By 3PL and Owned Logistics
Third-Party Logistics in Kenya has been thriving in the Kenya Warehousing Market with a share of ~% in overall market revenue.
By Operation Model
The industrial/retail freight segment has dominated the overall Kenya warehousing market with a massive revenue share of ~% in the year 2018. There are a few industrial areas such as Tilisi, Tatu Industrial & Logistics Park, Northlands Commercial Park, Infinity Industrial Park and Nairobi Gateway Logistics Park that is driving the growth of industrial warehouses.
By Regions:
Nairobi and Mombasa are the two most prime locations in Kenya in terms of trade and logistics. Therefore, the warehousing space in Kenya has been clustered around these two regions with a share of ~% each.
Key Segments Covered:-
Freight Forwarding Market
By Mode of Freight
Road Freight (Revenue, Transport Costs)
Rail Freight (Revenue, Volume, Stock of Transport Equipments, Railway Lines, Tariff and Volume Discounts
Air Freight (Revenue, Volume, Flow Corridors, Clearing & Forwarding Charges, Export/Import Rates)
Sea Freight (Revenue, Number of Ships & Containers, Volume, Principal Commodities, Clearing & Forwarding Charges)
Pipeline (Revenue, Throughput Volume)
By Type of Freight
International Freight Revenue
Domestic Freight Revenue
By Flow Corridors (Revenue, Volume of Trade, Principal Commodities)
Asian Countries
European Countries
Middle East
North America
African Countries
By Contract and Integrated
Contract Logistics Revenue
Integrated Logistics Revenue
By End User Revenue
Food and Beverages
FMCG
Industrial
Others (Construction, Chemical, Automotive and others)
Warehousing Market
Revenue by End User
FMCG
Horticulture
Retail
Revenue by Type of Warehouse
Closed Normal
Open Yard
Closed Ac
Cold Storage
Revenue by Contract and Integrated Logistics
Contract
Integrated
Revenue by Operation Model
Industrial/Retail
ICD/CFS
Cold Storage/Freezer/Chiller
Warehousing Space by Region
Nairobi
Mombasa
Others (Eldoret, Thika, Nakuru, Kiambu, Machakos and Kakamega)
Courier, Express and Parcel Logistics Market
Revenue by International and Domestic Shipments
International Shipments
Domestic Shipments
Revenue by Type of Express
Air Express
Ground Express
Revenue by Market Structure
B2B
B2C
C2C
3PL Logistics Market
By Market Type (Freight Forwarding and Warehousing)
Snapshot on E-Commerce Logistics Market in Kenya
Companies Covered
DHL
DB Schenker
CEVA Logistics
Kuehne Nagel
Panalpina
Maersk Line
Agility Logistics
FedEx TNT
Bollore Transport and Logistics
Siginon Group
Freight Forwarders Kenya
Key Target Audience
Freight Forwarding Companies
E Commerce Logistics Companies
3PL Companies
Consultancy Companies
Express Delivery Logistics Companies
Logistics/Warehousing Companies
Real Estate Companies/ Industrial Developers
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023
Key Topics Covered in the Report:-
Open Yard Warehouse Market Revenue Kenya
Closed AC Warehouse Market Share Kenya
Cold Storage Warehouse Market Kenya
Industrial Warehouse services Kenya
Retail Warehouse Market Report Kenya
Number of Freezer and Chiller Warehouse Kenya
Kenya Logistics Market Revenue
Industrial Warehouses Market Kenya
Open Yard Warehouse Market Revenue Kenya
Closed AC Warehouse Market Share Kenya
Cold Storage Warehouse Market Kenya
Industrial Warehouse services Kenya
Retail Warehouse Market Report Kenya
Kenya Logistics Market Analysis
Kenya Logistics Industry Growth
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Economic reforms by the Saudi government and Greater Focus on Increasing Financial Inclusion has led to the Growth of Debit Cards, Credit Cards and Other Digital Payment Methods in the Country: Ken Research

Analysts at Ken Research in their latest publication Saudi Arabia Cards and Payments Market Outlook to 2023 – Increasing Penetration of Islamic Credit Cards Coupled with Rising Preference for Online Shopping to Drive Market Growth”, believe that increasing penetration of debit cards and credit cards will create a positive impact on Saudi Arabia cards and payments market. The market is expected to register a positive CAGR of 12.7% in terms of transaction volume during the forecast period 2018-2023. The market is further expected to be driven by the growing E-commerce industry, rising mobile phone penetration and government push towards financial inclusion.


Government launched Mada national payment system to support Mada debit cards. As a result of which, banks are now able to offer online payment services to card holders. Mada debit cards are issued by local banks and are part of the digital payment strategy to reduce cash transactions in the country thus; enabling the use of debit cards to make online payments without restrictions over secure payment platforms.

In 2018, Visa established a partnership with the Saudi Payments Network to launch the Mada Pay feature on Mada debit cards, being the first multi-issuer mobile payment platform to offer contactless NFC (near field communications).

Banks have increased their focus on establishing customer relationships through offering advanced services and competitive loyalty programmes. For instance, Al Rajhi Bank ensures it offers its customers a wide variety of credit card options which are Sharia-compliant and have wide acceptance and flexibility worldwide.

Customer Engagement by Banks: Since digital channels have become a better way to reach out to customers, banks in Saudi Arabia have started to shift from customer experience to customer engagement. The ability to personalize communications, proactively respond to events and queries, and preventing fraudulent activities are some of the key factors in order to improve customer loyalty and retention. Saudi Arabia is making huge investments in digital technology in order to transform the financial industry.

Implementation of VAT: With the implementation of the Value Added Tax in the beginning of 2018 and other increases in the cost of living in the country for most expatriates, consumers found it hard to adapt to changing economic policies and cover their expenditure. The new dependent visa fees for expatriates require expatriates to pay monthly, leading to an increase in the use of credit cards for most household expenses. Loyalty programmes, discounts and cash back points are thus lucrative for consumers in the KSA, and issuers are gearing up to offer attractive loyalty programmes.

Digitization: Huge investments are being made in digital technology to transform the financial industry in Saudi Arabia. Both consumers as well as retailers are more digitalized and technology-oriented. The shift is towards mobile and online payments (especially debit and credit cards), which has been the priority of financial entities looking for customer satisfaction. The penetration rate is low but is steadily increasing over the last decade from cash based economy to electronic payments.   Banks are gearing up to increase this pace of digitization exponentially. Bank transfers to government, payments for custom duties, B2B payments are gradually happening through credit cards.

Saudi Arabia Cards and Payments Market
Payment Cards in Saudi Arabia
Payment Services in Saudi Arabia
Payment System History Saudi Arabia
Payment System Genesis Saudi Arabia
Saudi Arabia Cards and Payments Market Outlook
Saudi Arabia Payments System Market Outlook
Saudi Arabia’s National Payment System
Saudi Arabia’s Cards and Payments Market Segmentation
Paper Clearing Market Saudi Arabia
Cheques Clearing System Saudi Arabia
Paper Clearing Market Size Saudi Arabia
Paper Clearing Market Segmentation Saudi Arabia
Credit Cards in Saudi Arabia
Debit Cards in Saudi Arabia
MADA Cards in Saudi Arabia
SARIE System in Saudi Arabia
SARIE Market Size Saudi Arabia
SARIE Market Segmentation Saudi Arabia
Interbank Payments in Saudi Arabia
Saudi Arabia Payments Market Size
Saudi Arabia Economic Overview
Cheque Clearing System Saudi Arabia
Banks in Saudi Arabia
Islamic Banking in Saudi Arabia
ATMs in Saudi Arabia
Technology Trends in Saudi Arabia
Credit Cards Revenue Streams Saudi Arabia
Debit Cards Revenue Streams Saudi Arabia
Payment Card Operators in Saudi Arabia
Payment Card Issuers in Saudi Arabia
Credit Cards Trends Saudi Arabia
SAMA Regulations Saudi Arabia
Payment Market Trends Saudi Arabia
National Commercial Bank Saudi Arabia
Saudi British Bank
Riyadh Bank
Al Rajhi Bank
Arab National Bank
Samba Financial Group

Key Segments Covered:
Saudi Arabia Payment Landscape
SARIE Market
By Payment Type(Interbank Payments, Customer Payments, Others)

Paper Clearing Market
By Type of Cheques (Commercial and Personal Cheques and Interbank Cheques)
By Region

Credit Cards Market
Number of Cards in Circulation,
Number of Transaction
Transaction Volume
Segmentation By Type(Personal and Commercial)
Revenue Stream in Credit Card
Credit Card Details by Major Issuers
Regulations and Requirements for Credit Cards
Competition Scenario by Issuers and Operators
By Number of Cards in Circulation
By Payment Transaction Volume
Future Projections

Debit Cards Market
Number of Cards in Circulation,
Number of Transaction
Transaction Volume
Revenue Stream in Debit Card
Competition Scenario by Issuers and Operators
By Number of Cards in Circulation
By Payment Transaction Volume
Future Projections

Time Period Captured in the Report:
Historical Period: 2013-2018
Forecast Period: 2018-2023

Banks Covered:
National Commercial Bank
Saudi Arabia British Bank
SAMBA Financial Service
Riyad Bank
Al Rajhi Bank
Arab National Bank

Key Topics Covered in the Report
Saudi Arabia Payments Landscape
SARIE Market
Paper Clearing Market
Payment Cards Stakeholders
Digital Phase in Saudi Arabia
Credit Cards Market Size
Credit Cards Market Segmentation
Revenue Stream in Credit Card System
Islamic Banking
Regulations and Requirements for Credit Cards
Competition Scenario in Credit Cards Market
Debit Cards Market Size
Debit Cards Market Segmentation
Revenue Stream in Debit Card System
Competition Scenario in Debit Cards Market
Snapshot on Prepaid Card Market
Snapshot on Charge Card Market
Trends and Developments
Issues and Challenges
Analyst Recommendations

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