India Consumer Wearables Market, India Consumer Wearables Industry: Ken Research

How Is The India Wearable Market Positioned?

The wearable industry in India is at a very nascent stage and has seen an explosion in terms of the sales of these devices. Rising number of smartphone users, increasing internet penetration and rise in the number of technology conscious consumers are the major drivers of growth. A lot of industries such as healthcare and entertainment have found use of this technology with their current products and services. Fitness trackers and smartwatches are very popular today as they have variety of functions and offer features to monitor vitals. As a result, many local and international companies have entered the market. The total wearables sales including wrist worn and wearables for other body parts amounted to INR ~ crores in 2020. The sales of fitness tracker dominated with a category share of ~%.

The market size in terms of volume was analyzed to be ~ million in 2019 and ~million in 2020(Q1), growing at a CAGR of ~%. The industry faced declined from 2020 due to the COVID-19 impact as suppliers faced difficulty in procuring products during the first quarter of the year. In addition to this, most of the fitness centers were closed and people were required to stay at home owing to lockdown restrictions which resulted in limited physical activity. This impacted the sales of smart watches and fitness bands negatively in India. However, the outlook remains positive for the year with demand expected to rise later during the year 2021.

India Wearable Market Segmentation

By Type: Fitness Trackers were identified to be the largest contributor to the industry sales revenue in 2020, as they are relatively cheaper. The adoption of wrist worn fitness trackers are generally increasing due to the plethora of features offered in this product category.

By Type Price Segment: Fitness Trackers within the range of ₹ 1,001- ₹ 10,000 we dominant due to their low price and high number of features along with. A lot of companies have entered this price segment reducing the prices of product in this segment further.

By Region: Southern region witnessed high adoption of wearable devices making it the biggest market in the industry. Also, South India has the highest literacy rate among all other Indian regions are also up to date with the latest technological trends. North and West region also witnessed growth in sales owing to rising demand from young demographic in these regions.

By Type of City: Metro region accounts for the most sales of wearables due to a large segment of technologically aware consumers in the region. In addition to this, the presence of offline and online retail is much higher in metro cities as compared to non-metro cities which positively impacted the sales of wearable in this region.

By Distribution Channels: Increased internet penetration, availability of payment options, and younger demographics are paving way for online sales of wearables in India. In addition to this the discounts offered on e-retail websites attract a lot of millennial.

India Fitness Tracker Market Segmentation

By Type: Wrist-worn fitness trackers maintained their popularity ahead of other wearable devices in 2020 due to their low prices. Moreover, these devices are easy to carry as compared to devices such as heart patches.

By Price Segment: Basic wearables between the price categories of ₹ 1000- ₹ 10,000 dominated the Indian Wearable market in 2020. In addition to the low entry price of basic wearables, consumers are now getting better value from these devices as the category now offers advanced features which were earlier available only in high end devices.

By Region: Southern region witnessed high adoption of fitness trackers making it the biggest market for the Industry. This is majorly due to the presence of major multinational companies (MNCs) in the region which attracts a growing number of the country’s young population to these cities. Young population was more inclined to purchasing Fitness Trackers.

By Type of City: High disposable income, technical literacy and early adoption of innovative technology are high in metro cities. As a result, majority of the revenue in India consumer wearable market is generated from metro cities as of 2020. High-value brands have higher sales in this region as customers are highly brand conscious and prefer quality over price.

By Distribution Channels: The evolving consumer preferences, rise in disposable incomes, and increased usage of Smartphone have caused a growth in sales of wearables, especially via online channel.

India Smartwatch Market Segmentation

By Type: General purpose smartwatch lead the category for smartwatch industry. Hybrid Smartwatch did not capture much market share due to the absence of a touch screen and inability to deliver notifications and other updates to the user. Moreover, their price was same as compared to a smart watch.

By Price Segment: As the awareness for the smart watches are increasing, customers are willing to pay more price for better quality products which have more as compared to a product in a basic price range. High quality smart watches are often priced at 20,000 and above and hence have more market share.

By Region: Southern region witnessed high adoption of Smartwatch making it the biggest market for the Industry. This is majorly due to the fact that most of the tech savvy cities such as Chennai, Hyderabad and Bangalore have presence in the southern region.

By Type of City: Majority of the revenue in India Smartwatch market was contributed by metro cities in 2020. Since the cost of most smart watches is on the higher side of the price spectrum, majority of the sales comes from metro cities as the individuals in the region having high disposable income are more as compared to the individuals in non- metro regions.

By Distribution Channels: Online sales is the most preferred channel for smartwatch distribution as customers buying these product are technically more literate and prefer online channel for buying and comparing  products and also to avail promotional discounts offered by the online platforms.

Competition ScenaRio in India Consumer Wearable Market

The wearable industry in India is highly competitive with approximately 15-20 players operating in the space. Both local & multi-national companies are operating in the market and each focuses on technology and product usability as a key parameter to distinguish themselves. The top 5 players namely Apple, Xiaomi, Samsung, Fossil and Titan account for ~% of the market on the basis of sales revenue. Most of the large companies have their production facilities located outside the country & almost every small player imports from neighboring countries.

India Consumer Wearables Market Future Outlook and Projections

The consumer wearables market in India is expected to grow at a CAGR of ~% on the basis of revenue over the forecast period 2020(P)-2025F. The average price of wearables in the country is expected to fall to INR ~ by 2025F. The market is expected to witness growth post COVID-19 in last quarter of 2020(P) and sales are expected to increase throughout the year. Companies are expected to focus on wider distribution network including online marketplaces & e-commerce platforms and invest in research and development to come up with innovative solutions. The forecast period is also expected to witness consolidation by collaboration & partnerships among players.

Key Segments Covered:-

India Consumer Wearables Market

By Type

Fitness Trackers

Smartwatch

By Price Segment

Under ₹1000

₹1000 - ₹10,000

₹10,000 - ₹20,000

Above ₹ 20,000

By Distribution Channel

Online

Offline

By Region

North

East

West

South

By Type of City

Metro

Non-Metro

India Smartwatch Market

By Type

General Purpose Smartwatch

Sports Smartwatch

Hybrid Smartwatch

By Price Segment

Under ₹1000

₹1000 - ₹10,000

₹10,000 - ₹20,000

Above ₹ 20,000

By Distribution Channel

Online

Offline

By Region

North

East

West

South

By Type of City

Metro

Non-Metro

India Fitness Trackers Market:-

By Type of Wearables

Wrist Worn

Others

By Price Segment

Under ₹1000

₹1000 - ₹10,000

₹10,000 - ₹20,000

Above ₹ 20,000

By Distribution Channel

Online

Offline

By Region

North

East

West

South

By Type of City

Metro

Non-Metro

Companies Covered:-

Xiaomi Technologies India Inc.

Goqii Technologies India Inc.

Samsung India Electronics Ltd.

Fitbit India

Apple India

Titan Company India Ltd. (Fastrack)

Fossil India Inc

Key Target Audience:-

Wearables Manufacturing Companies

Wearables Importing Companies

Semiconductor Manufacturing Companies

E-Commerce Companies

Healthcare Associations

Industry Associations

Regulatory Bodies

Time Period Captured in the Report:-

Historical Period: 2015-2020

Forecast Period:  2020-2025

For More Information on the research report, refer to below link:-

India Consumer Wearables Market

Related Reports:-

India Audio Accessories Market Outlook to 2023 - By Type (Headphones, Earphones, Bluetooth Speaker and 2.1 Speaker), By Sales Channel (Online and Offline), and By Region (North, South East and West)

Saudi Arabia Fitness Services Market Outlook to 2025- By Market Structure (Organized and Unorganized), By Revenue Stream (Membership, Personal Trainer and Supplementary Services), By Regions (Riyadh, Jeddah, Dammam, Al Khobar, Makkah and Madinah and others), By Subscription (3 months, 6 months, 1 year and others), By Gender (Male and Female), By Age (Below 18 years, 19 to 30 years, 31 to 60 years and above 60 years) and By Income Group (Below SAR 38,000, SAR 38,000 to SAR 94,000, SAR 94,000 to SAR 150,000 and above SAR 150,000)

Asia Pacific Orthopedic Device Market Outlook To 2025 – By Country (China, Japan, India, Korea, RoAPAC), By Type Of Treatment (Joint, Spine, Trauma And Orthobiology And Sports Medicine); And By Type Of End User (Multispecialty And Orthopedic Specialty Hospitals)

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

Growing Trends across the Baby Food Market Outlook: Ken Research

 Traditionally, babies are fed with soft home baked food, a practice that is still prevalent in underdeveloped and developing regions. However, increasing urbanization and transforming lifestyles have augmented the requirement for packaged baby foods in dissimilar societies and cultures. Such foods are fed to babies among the ages of four to six months and two years. Increasing awareness for the nutrition, augment in organized retail marketing, development paired with a momentous increase in the count of functioning women populace are key aspects that boost the baby food industry growth. Concerns connected to food protection, falling birth rates, and the exercise of feeding home cooked food to babies are the key limits in this market.

The world Baby Food Market is classified based on product variety, distribution channel and geography. Based on product type, the market is categorized into dried baby food, milk formula, organized baby food, and numerous other baby food. During the present time, the milk formula occupies the greatest market share shadowed by the product division of prepared baby food. However, over the review period, product sector of prepared baby food would obtain prominent implementation in the worldwide market. Sales of the milk formula baby food is greatly concentrated across the APAC region. Alternatively, requirement for the prepared baby food is largely restricted to developed regions. However, market for prepared baby food, in underdeveloped regions would pick pace over the review period, consequently leading to the dynamic growth of the baby food market across the APAC region. Thus, this has unlocked a lot of occasions for baby food market growth.

The worldwide baby food market has observed significant growth over the past few years, principally owing to the growing population of working women, growth in organized retail marketing, and their concern for the better nutrition for their babies. The transforming demographics and societal structures are providing growth to the women workforce. These aspects have played a foremost role in the success of the worldwide market, predominantly in the infant formulations grouping. The growing awareness and knowledge over the prominence and role of nutrition in an infant's growth is suggestively supporting the worldwide market. 

The effective growth in the number of malnutrition cases and health concerns for the entire growth of the babies characterize the foremost factors propelling the worldwide organic baby food market. Advanced economic situations have resulted in augmented expenditure by the parents. Therefore, they are willing to devote on high-quality and classy products for the wellness of their babies. Also, the organic baby food safeguards the existence of any type of pesticides in the baby's system as it is created of fruits and vegetables that are not scattered with chemical pesticides, and meat from animals that are not provided antibiotics or growth hormones. It also does not comprise any artificial tastes, preservatives or colors. Furthermore, the urbanization and the increasing functioning population, particularly women, has reinvigorated convenience-oriented lifestyles, which is augmenting the requirement for organic baby food across the globe. Therefore, in the near years, it is predicted that the market of baby food will increase around the globe more effectively over the incoming years.

For More Information, Click on the Link Below:-

Baby Food Market                             

Contact Us:-                                     

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Landscape of Global Dental Tourism Market Outlook: Ken Research

 The Dental tourism is a procedure where a patient having dental caries travel to other region for dental checkup and cure in order to get proficient and cost saving dental treatments. The dental care is luxurious in all the underdeveloped countries of the globe along with numerous advanced regions with Universal Healthcare Policies such as Canada and United Kingdom where patients are pugnacious for the indispensable affordable dental treatment. Therefore, the existence of luxurious dental treatment in developed regions influence the growth of market in the developing economies, thereby boost the growth of market over the review years.

According to the report analysis, ‘Global Dental Tourism Market to reach USD 6.54 Billion by 2026’ states that in the worldwide dental tourism market there are numerous companies which recently functioning more meritoriously for leading the maximum market growth and accounting the handsome value of market share across the globe while diminishing the interconnected prices, employing the young work force, developing the applications of such, studying and monitoring the strategies and policies of the government as well as competitors, spreading the awareness related to the applications of such and establishing the numerous research and development programs includes Danaher Corporation, Biolase Inc., Straumann, Henry Schein, Zimmer Biomet Holdings Inc., Planmeca Oy, Patterson Companies Inc., Dentsply Sirona, Ivoclar Vivadent, Carestream Health and several others.

The worldwide Dental Tourism market is worth roughly USD 2.64 Billion during 2018 and is expected to develop with a growth rate of more than 12% over the review duration 2019-2026. Across United States, where entire healthcare treatment is luxurious, dental costs are unattainably exclusive for the average income earner. For instance: during 2018, according to an online poll of over 1,229 functioning adults across the United States accompanied by Unum Group, over 46% of women and 37% of men are worried about dental costs. Also, as per analysis by Foundation for Economic Education (FEE), every year over 800,000 Americans travels to ultramarine regions for the dental care. Thus, individuals with lower or average income assembly in United States prefer foreign regions for proficient low-cost dental treatment. In addition, during the Asia Pacific region, Thailand is the leading region in medical and dental tourism and preferred as most preferred dental tourism destinations from over 20 years owing to the accessibility of lower price dental treatment. Furthermore, the Mexico appeared out as the foremost dental tourism country due to its lower dental treatment infrastructure.

As per the Dently.org, patient can save around 50% of total cost on dental care by travelling abroad, dental implants across the United States cost USD 3,900 and in Thailand it cost nearly USD 1,900 and approximately USD 1,300 across Mexico. Similarly, combined filing across United States costs nearly USD 155 whereas across Thailand and Mexico it cost approximately USD 38 and USD 51 respectively. However, expensive travelling cost is expected to ristrict the growth of market over the upcoming years.

Although, based on the regional analysis of worldwide Dental Tourism market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia pacific is the principal and fastest increasing region in the worldwide dental tourism market owing to the less luxurious cost of dental treatments in the region and increase in disposable income of people around the globe. Therefore, it is anticipated that the market of dental tourism will increase around the globe more positively over the forthcoming years.

For More Information, Click on the Link Below:-

Global Dental Tourism Market         

Contact Us:-                                     

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rapid Growth in Construction Activities Expected to Drive Global Exterior Insulation And Finish System Market: Ken Research

The Exterior Insulation and Finishing System or EIFS is an insulating, decorative, and protective finish system for exterior walls, which can be installed on any type of construction. It is the only exterior wall covering that insulates & provides weather protection in a selection of colors, shapes, and textures that can replicate almost any architectural style & finish substance, or stand by itself as an architectural finish. EIFS is wall cladding, which utilizes stiff insulation boards on the outside of the wall and a plaster-like exterior covering. It employs organic polymeric finishes reinforced using glass mesh. EIFS can be effective for both new construction & recladding applications, as an energy-efficient and economical wall covering.

According to study, “Global Exterior Insulation and Finish System Market to reach USD 155.08 Billion by 2026” the key companies operating in the global exterior insulation and finish system market are BASF, STO SE & Co KGaA, Saint-Gobain, Master Wall Inc., Wacker Chemie AG, Parex Usa, Inc., Owens Corning, SFS Group Ag., Dryvit Systems Inc. and Rmax.

Based on component type, exterior insulation and finish system market is segmented as insulation board, adhesive, base coat, finish coat and reinforcements. Based on type, market is segmented as Polymer-Modified (PM) and Polymer-based (PB). Based on insulation materials, market is segmented as mineral wool, Expanded Polystyrene (EPS) and others. EPS segment is estimated to witness higher growth rate in global market as it has high compressive strength, high insulation value, low weight & cost, and relatively good resistance to water during the forecast period. Therefore, it is used for various applications, such as external facade insulation, sandwich panels, flat roof insulation, external walls insulation, floor insulation, and others. In addition, based on end-use industries, market is segmented as residential and non-residential. Non-residential industries include commercial buildings, industrial buildings and other non-residential buildings.

The exterior insulation and finish system market is driven by presence of stringent building energy codes, followed by reduction in energy consumption & its related cost, stringent regulations to reduce green house gas emission and rebates & tax credits. However, availability of green insulation material and lack of awareness among people regarding EIFS may impact the market. Moreover, increase in policies and regulations are a key opportunity for market.

 Based on geography, the European region dominates the global exterior insulation and finish system market owing to rapid growth in residential and non-residential construction activities in the region. Whereas, the Asian-pacific and North-American regions are estimated to witness higher growth rate due to rise in demand for thermal insulation over the forecast period. In upcoming years, it is predicted that future of the global market will be bright as a result of rapid growth in construction activities during the forecast period. The global exterior insulation and finish system market is valued approximately US $61.57 Billion in 2018 and is expected to grow with a growth rate of more than 12.24% over the forecast period 2019 to 2026.

For More Information refer to below link:-

Global Exterior Insulation and Finish System Market

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

Increasing Scenario Of Global Fluid Transfer System Market Outlook: Ken Research

A fluid transfer system is a set of crucial components that is optimized to transfer the fluids often oil or fuel in a vehicle. The Fluid transfer systems have widespread range of application in vehicles pandered in shipping, manufacturing, aerospace, and automotive industries. Such systems can be assimilated in machines or can be functioned independently. Pipes, hoses, valves, and accessory loading equipment are communal mechanisms of fuel transfer systems. Such systems are also arising in automobiles for fuel injection, air conditioning, engine cooling and hoses and valves are optimized to direct and control the flow. Owing such indispensable role of fluid transfer system in the vehicles and increasing the production of vehicles around the world is projected to propel the growth of market over the forecast years.

According to the report analysis, ‘Global Fluid Transfer System Market to reach USD 27.74 Billion by 2026’ states that in the worldwide fluid transfer system market there are several companies which presently operating more positively for leading the highest market growth and registering the handsome value of market share around the globe during the inflowing years while delivering the better consumer satisfaction, decreasing the associated price, employing the young work force, spreading the awareness related to the applications of such, implementing the profitable strategies, analyzing and observing the strategies and policies of the government as well as competitors and establishing the numerous research and development programs includes Cooper Standard, Kongsberg Automotive, Contitech, Akwel, TI Fluid Systems, Lander Automotive, Hutchinson, Tristone, Castello Italia, Gates and several others.

In addition, the worldwide Fluid Transfer System market is worth approximately USD 16.39 Billion during 2018 and is predicted to grow with a growth rate of more than 6.8% over the review period of 2019-2026. For instance: according to the International Organization of Motor Vehicle Manufacturer (OICA), the introduction of passenger cars accounted for nearly 73.45 million units during the year 2017 as compared to 72.10d million units in the year 2016 on the worldwide scenario. Similarly, according to International Organization of Motor Vehicle Manufacturers (OICA), the introduction of commercial vehicles across the globe registered for around 23.84 million units in the year 2017 as compared to 22.87 million units in the year 2016 which involved both lightweight commercial vehicles and heavy trucks & buses. However, the Lower Replacement Rate of Fluid Transfer System is projected to restrict the growth of market over the review years.

Not only has this, the regional analysis of worldwide Fluid Transfer System market is considered for the mainstream regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Whereas, the Asia Pacific registers for the largest and fastest increasing region in the worldwide fluid transfer system market owing to the rise in production of vehicles and existence of favorable government regarding fluid transfer system across the region. Therefore, in the near years, it is anticipated that the market of fluid transfer system will increase across the globe more positively over the inflowing duration.

For More Information refer to below link:-

Global Fluid Transfer System Market

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

Different Intensifying Trends across the Global Plastic Recycling Market Outlook: Ken Research

 The Recycled plastic is a procedure where scrap of waste plastic is convalesced and reprocessed into useful products as most of plastic things are non-biodegradable. Therefore, in order to decrease the wasteful non-biodegradable plastic and safeguarding the environmental resource from pollution of plastics such process is initiated around the globe

According to the report analysis, ‘Global Plastic Recycling Market to reach USD 64720 Million by 2026’ states that in the worldwide plastic recycling market there are several companies which presently operating more effectively for leading the greatest market growth and registering the effective value of market share around the globe during the short span of time while spreading the consciousness across the globe related to the applications, increasing the applications of such, developing the specification of processed technologies, employing the young work force, implementing the profitable strategies and policies, analyzing and monitoring the strategies and policies of the government as well as competitors and establishing the several research and development programs includes Veolia, Suez, KW Plastics, Jayplas, B. Schoenberg & Co., B&B Plastics, Green Line Polymers, Clear Path Recycling, Custom Polymers, Plastipak Holdings and several others.

Moreover, the worldwide Plastic Recycling market is valued nearly USD 39401 Million in 2018 and is projected to increase with a growth rate of more than 6.40% over the forecast duration 2019-2026. For instance: the European Union plans proclaimed a tax on plastic bags and packaging in order to curb ocean effluence. The strategy definite that the all packaging products should be biodegradable by 2030 and must recycle 55% of plastic packaging. Correspondingly, in the US, The Internal Revenue Service (IRS) provides the manufacturers of recycled products, a depreciation credit for recycling. In addition, the several states in the US offers some form of tax incentives or credits, to encourage recycling market. Furthermore, Negative Environmental impact of plastic disposal is predicted to propel the growth of market over the review years. As its disposal in land and ocean water may cause opposing effect in the productivity of land and can impairment marine organisms. However, rigorous competition from virgin plastics and ban on import of waste or scrape plastics across China are some foremost factors that can restrict the market growth over the forthcoming years.

However, the regional analysis of wide-ranging Plastic Recycling market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Europe dominates for the largest share in the worldwide plastic recycling market due to the existence of stringent government regulation across the region. Whereas, Asia Pacific is the wildest growing region in the market owing to the speedy growth in pollution and continuous appearance of adverse effects from utilization of the plastic on environment in the region. Therefore, in the near years, it is predicted that the market of plastic recycling will increase around the globe more effectively over the upcoming duration.

For More Information, Click on the Link Below:-

Global Plastic Recycling Market       

Contact Us:-                                     

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Growth in vehicle production volume expected to drive Global Automotive Fuel Tank Market: Ken Research

 Buy Now

The automotive fuel tank is a vital part of the vehicle to store gasoline & light oil. It is used to store flammable fluid in the vehicle. It is majorly applied to the part of an engine where it is a store, propelled, and released into the engine. Its size varies depending on the vehicle type. Its range can be in different sizes from a small plastic tank to a multi-chambered tank. Its major uses are filling, storage of fuel, venting, feeding in the engine, and others. The size or capacity of the fuel tank determines the efficiency of the vehicle. A larger fuel tank will increase the travel distance but occupy more space and enhances the overall weight of the vehicle. Owing to this, the design of the fuel tank is made considering the trade-off design of the vehicle.

According to the study, “Global Automotive Fuel Tank Market to reach USD 26.24 billion by 2026” the key companies operating in the global automotive fuel tank market are The Plastic Omnium Group, TI Fluid Systems, The Plastic Omnium Group, Unipres Corporation, YAPP, FTS, Yachiyo, SMA Serbatoi S.P.A., Magna International, and SRD Holdings LTD. Key stakeholders in the automotive fuel tanks market are investing massively amounts in research & development (R&D) that should spur the development of innovative technologies. This is expected to give rise to the demand for advanced plastic & metal fuels among consumers, which will increase the growth of the automotive fuel tanks market during the forecast period.

Based on material type, the automotive fuel tank market is segmented as plastic, aluminum, and steel. The aluminum material segment dominates the market owing to the lightweight property of the material. Based on tank capacity, the market is segmented as <45L, 45L to 70L, and >70L. 45L to 70L capacity is estimated to witness a higher growth rate due to the increase in the installation of a 45L-70L capacity fuel tank in the passenger cars during the forecast period. In addition, based on propulsion type, the market is segmented as hydrogen, hybrid, natural gas vehicle NGV and internal combustion engine ICE.

The automotive fuel tank market is driven by growth in vehicle production volume, followed by a reduction in vehicle weight leading to the advancement of materials. However, stringent evaporative emission standards and the impact of electric vehicle production may impact the market. Moreover, the increase in efforts to build economical fuel tanks using lightweight material is a key opportunity for the market.

Based on geography, the North-American region holds a major share in the global market owing to the presence of large market players in the region. Whereas, the Asian-Pacific and European regions are anticipated to exhibit a higher growth rate due to the rise in production of automotive over the forecast period. In upcoming years, it is expected that the future of the global market will be optimistic on account of growth in the production of automotive vehicles such as passenger & commercial vehicles during the forecast period. The global automotive fuel tank market is valued approximately US $18.88 billion in 2018 and is projected to grow with a growth rate of more than 4.2% over the forecast period 2019 to 2026.

For More Information on the Research Report, refer to below links: -

Global Automotive Fuel Tank Market Analysis

Related Report: –

Global Automotive Plastic Fuel Tank Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increase in Business Mobility and Flexibility Expected to Drive Global Cloud POS Market: Ken Research

 Buy Now

The Cloud POS (Point of Sale) is web-based POS systems where the transactional information is transmitted through remote cloud services. The end-users of the web-based POS avail this solution through a subscription basis instead of paying for the software. These systems can be easily installed on mobile devices and data can be accessed at any time from any Internet-connected mobile or computer device.  The system operates on client-side hardware, and with the help of remote servers the information can be processed & integrated with multiple sales channels.

According to study, “Global Cloud POS Market to reach USD 6.08 billion by 2026” the key companies operating in the global cloud POS market are Cegid Group, Clover Network, Inc, Celerant Technology, EPOS Now, Kounta Holdings Pty Limited, ShopKeep, Future POS, ERPLY, NCR Corporation, and Oracle Corporation. The key players are adopting a partnership program with Information Technology (IT) giants to expand its cloud POS solution that can be compatible with several operating platforms such as mobile, desktop, and tablets. The vendors operating in the market are operating in various regions through partnerships, value-added resellers and system integrators to enter the untapped markets in Asia-Pacific region.

Based on component, the cloud POS market is segmented as software components and services components. The services segment includes support & maintenance and training, consulting, and integration services. Based on organization size, the market is segmented as large enterprises and small & medium enterprises. In addition, based on the application area, the market is segmented as travel & hospitality, retail & consumer goods, media & entertainment, healthcare, and transportation & logistics. The travel & hospitality segment includes staff management, reporting, restaurant & table management, kitchen management, and others. Retail & consumer goods include labor scheduling, inventory management, shelf space management, cash management & checkout, and scale management. Media & entertainment includes in-theatre dining management, cinema operations management, digital signage management, and cash desk management. The healthcare segment includes invoicing, inventory management, and reporting & analytics. Additionally, the transportation & logistics segment includes operations management, vehicle inventory management, payroll management, and operation management.

The cloud POS market is driven by an increase in business mobility & flexibility, followed by improved service delivery and efficient management of POS terminals across multiple locations. However, skepticism regarding cloud-based offerings may impact the market. Moreover, the increase in cashless transactions in different countries and rise in demand for eCommerce transactions in retail & consumer goods applications are key opportunities for the market.

Based on geography, the Asian-Pacific region holds a major share in global cloud POS market owing to the rise in the adoption of various associated services in the region. Whereas, the European and North-American regions are estimated to witness higher growth rate due to the proliferation of cloud computing over the forecast period. In upcoming years, it is predicted that the future of the global market will be bright as a result of growth in investments in cloud technology worldwide coupled with increase in the number of non-cash transactions during the forecast period. The global cloud POS market is valued approximately US $1.29 billion in 2019 and is expected to grow with a healthy growth rate of more than 21.38 % over the forecast period 2019 to 2026.

For More Information on the Research Report, refer to below links: -

Global Cloud POS Market Analysis

Related Report: –

Point of Sale Software Market by Software Setup (Cloud-Based and Native), by Product (Mobile POS and Terminal POS), and by End-User (Retail, Government Sector, Healthcare, Hospitality, Media & Entertainment, Warehouses, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249