South Korea E-commerce Logistics Market Revenue Growth is expected to grow at a CAGR Of 4.7% during 2021 to 2026F: Ken Research

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 1. South Korea E-commerce Logistics Market is expected to grow by 2026F driven by increasing internet penetration and improved logistics services among the players.

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South Korea has an internet penetration rate of 92.2% in 2021, with 47.3 Mn users. The government has made other preferential policies such as a preferential charge for the use of public facilities by logistics enterprises. The young population in South Korea is spending on an average 5H 29M every day using the Internet, resulting in a higher number of orders. Also, the advent of players offering last-mile delivery options has allowed retailers to improve e-com logistics to support growth and scale.

2. Initiatives by the Government of South Korea to strengthen the market also provide protection to consumers against e-commerce logistics frauds.

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• Korean government encourages cross-border e-commerce by simplifying and expediting customs procedures which allow Korean consumers to benefit from low-priced goods from overseas.
• The government announced the ‘National Logistics Basic Plan (2021-2030)’ on July 1, 2021, as a new blueprint for the development of the logistics industry in the coming decade in a rapidly and drastically changing logistics environment in the post-COVID-19 era.
• In 2002, the e-commerce consumer protection act was enacted to protect the rights and interests of consumers by prescribing matters relating to the fair trade of goods or services by means of e-commerce transactions.
• E-commerce Mediation Committee was established for solving disputes from e-commerce between consumers and e-commerce providers, and between e-commerce partners including payments, delivery and services provided by telecom companies.

3. Rapid aging population and fraudulent purchases are some of the challenges for the E-commerce Logistics sector in South Korea.

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• Rapidly ageing population (median age 42.6) & extremely low fertility rate (0.96) – hence lack of qualified workforce in the warehouse space.
• The pollution added by the transport vehicles due to increased vehicular traffic on the roads is a challenge for logistics companies.
• Fraudulent purchases or cash-on-delivery transactions increase online retailers' concerns because customers may reject their purchases, resulting in revenue loss for the companies.

Growth in demand for Bio-Lubricants and Major Share of Passenger Vehicle Lubricant Will boost the Thailand Lubricant Market

 

1.  Thailand lubricant market grew at a robust CAGR of in the period 2016-2021, generating very high revenue in 2021

Increasing demand for bio-lubricants is expected to drive the Thailand Lubricants Market in forthcoming years owing to continuous growth in the manufacturing sector along with the blooming metals & mining industry. Government initiatives such as emergence of EVs and B10 Diesel towards promoting bio-lubricants and other oil regulations will further drive the market further extending its reliability.

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2. Automotive Lubricants are expected to dominate the market share in 2026F; whereas mineral grade lubricant is expected to be preferred type of lubricant in Thailand.

Oil demand is expected to continue to expand over the period 2022-2026F in Thailand to fulfill the consumption requirements of both industrial and automotive sectors by processing mineral oils into semi-synthetic and synthetic oils. The market is expected to witness enhancing use of synthetic lubricants over long term, due to the growing awareness of people to switch to better quality lube oils for long term protection of the engines.

3. The Thailand Lubricants Market is expected to showcase positive outlook, owing to the rising demand of lubricants and expansion of market players in upcoming years.

The expanding network of dealers and distributors has also been considered among the most preferred distribution channels to purchase automotive lubricants in the country. Majority of the automotive lubricants were consumed through Dealer network, where consumers can purchase the lubricants for their vehicles. Lubricant market players such as Castrol and Exonmobil sell oils either through their online platforms or through an e-commerce player like Alibaba.com and Shopee operating in Thailand. Hence the demand for online platforms have generated more sales in comparison to the supermarkets and hypermarkets channel.

Thailand E-Commerce Orders and Deliveries Are Growing At A CAGR Of 9.5% between 2021-2026F: Ken Research

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1. Thailand's E-commerce Shipments Market has witnessed a Strong Growth Trajectory Backed by Competitive Technological Advancements, generating revenue of $ 801.2 Mn in 2021 and with a growing CAGR of 8.3% over the period 2017-2021.

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Thailand e-commerce logistics growing year on year majorly due to rising E-retailing coupled with an increase in the number of online orders. Expansion in internet services coupled with increasing demand for online logistics services has collectively given a boost to the development of E-commerce logistics industry in Thailand. Traditional brick & mortar retailers have been enthusiastic adopters of e-commerce payments, instead of taking an adversarial position.

2. Fear of getting scammed is the major reason preventing people to shop Online in Thailand: a majority of Thais shop online at a frequency of once or twice a month

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Thai consumers generally have a positive attitude towards being connected to the online world. When it comes to consumer safety and privacy, 34.5% of Thai consumers regularly change their passwords and trust in two-factor authentication and OTP (One-Time-Pin) password options. Despite the promising numbers, the average Thai only shops online only once or twice a month, largely due to the fear of fraud. However, as e-marketplaces and sellers gain the trust of users by improving their online experiences and knocking down shopping barriers, it is expected the number of online transactions to improve steadily.

Digitalization, Modern Technologies, and Farm Mechanization will Boost Used Tractor Market in Indonesia: Ken Research

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1. Indonesia Used Tractor Market is expected to grow at a CAGR of 5% by 2027F owing to Increased Digitalization and Farm Mechanization.

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With increasing digitalization and the inclusion of modern technologies, an expansion of sales and marketing through online media can be adopted by the companies which eventually helps the market grow. Increased Farm Mechanization can help sustain national food production and maintain labour efficiency.

2. Culmination of small land holdings has resulted in a surge in the overall farm holding size in Indonesia thus, giving a boost to the Used Tractors Demand from the Agriculture sector.

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The level of mechanization with respect to transplanting is low as farmers prefer to engage in manual methods of transplanting as this involves a low cost of labour. In the future, it is anticipated that the share of used tractors above 30 HP is bound to grow due to heavy mechanization. Growth in the Construction sector will support demand for used tractors in Indonesia. The future growth in real estate complemented by expected growth in the Agricultural sector is envisaged to drive the demand.

3. Indonesia Used the Tractor Market to showcase Positive Outlook over Long Term as the Government is Pushing for Mechanized Farming Systems.

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The used tractor market in Indonesia is expected to grow at a positive but at a slow growth rate in immediate future due to global economic conditions and also as most of the tractors are imported the prices are sensitive to falling currency rates in 2022 and 2023 making the new and used imported tractors expensive. Later on, Sales will rise as the government is keen on the mechanization of agriculture. Also, agricultural produce especially rice is rising and the country has become almost self-sufficient and is keen to export the same in the coming future.

Thailand Dental Services Market is in Growing Stage Owing to The Ageing Population, Rising Dental Tourism and Government’s Initiatives in Healthcare: Ken Research

 1. Growing economy and Rising General Awareness among the locals is fueling the growth in Thailand Dental Services Market.

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Rising standard of living, growing urbanization and an expanding middle class are supporting the growth of dental clinics as well as increased expenditure on dental care services primarily for dental cosmetics and oral care products. Due to the rapid growth in its elderly population, Thailand is facing increased demand for quality dental services, specifically for more complicated dental procedures like implants.  A continuously growing economy is expected to affect the mindset in terms of health expenditure and drive people to focus on their oral health.

2. Anxiety among doctors and higher costs were some of the challenges faced by the Dental Services Market during the Covid-19

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Oral care routines deteriorated during the pandemic, with fewer people brushing their teeth twice a day compared to 2018 and the income of the Thai DCWs decreased dramatically, and DCWs experienced moderate to high level of anxiety concerning their own lives and their families’ lives. Despite the negative impacts of Covid-19, some positive developments have been accelerated as a result of the pandemic. These include harnessing the skills of all members of the dental team and remote consultation, like tele-dentistry, telemedicine, and the use of the Internet of Dental Things.

3. Thailand Dental Service market is expected to generate more revenue with a robust CAGR, owing to increasing dental tourism, accessibility and insurance coverage.

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The Kingdom of Thailand wants to stimulate its economy by becoming an international hub for medical and dental treatment. Government is launching a program to promote dental tourism of a one-price policy, under which Thai residents and foreign visitors will pay the same fees for dental procedures. A central database is being developed, as well as systems for functions such as processing payments and resolving disputes.

UAE Auto Finance Market is expected to grow at a CAGR of 17% between 2022F - 2026F: Ken Research

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1. Growing Digital Advancements and an increasing number of Finance Aggregators are driving UAE Auto Finance Industry

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57 million passenger cars are produced worldwide. Avg price per new car in FY21 is 25,000 USD. The industry is increasingly moving towards newer technology such as AI and ML to improve efficiency. A large number of people in the UAE are now preferring privately hired cars, leading to a potential increase in their financing in future. The UAE government is taking several positive steps to lessen the time taken in the approval process for loans in the market so as to provide consumers with convenient credits. Nearly 60% of UAE Consumers are planning to buy an affordable car in the near future.

2. Sales of vehicles dropped sharply in 2020 owing to the COVID-19 pandemic but ramped up in 2021 due to consumers preferring personal vehicles

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Before COVID-19, not a lot of UAE residents preferred personal vehicles. But with the outbreak of the pandemic, this proportion increased by a huge margin.

Non-performing loans also surged as consumers and businesses were unable to make loan/lease payments. A relatively larger number of people opted for deferred loan repayment Government Schemes. Car dealerships are expected to increasingly bring the experience of car shopping online in a range of ways such as providing digital showrooms as well as e-finance.

3. Lenders need to Re-imagine the Auto Lending Lifecycle to compete and succeed in the new digital era

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Customers have grown accustomed to digital information in other industries, such as telecom and banking products, and now they have also started their automotive buying journeys online. Everyone wants a quick and easy financing process and control over the experience, with the ability to search for specific monthly payments, get pre-approved online, and opt for electronic contracting. Today’s shoppers view an auto loan or lease simply as a method of payment and an automotive vehicle is a key product they are actually focused on. This is due to the ease in the process like cross-comparison of different available options, reduced legal formalities, etc.

Vietnam Cold Chain Market is expected to generate more than $ 600 Mn by 2026F owing to the growing demand by end users and technology upgradation: Ken Research

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• The cold storage sector in Vietnam is expected to grow with strong traction, likely driven by import and export orders for medicines and vaccines.
• Improved export trade and transportation agreements, global demand for Vietnamese seafood is expected to rise in the future boosting investment trends.
• With huge investment in cold storages and rising power prices & labor cost in the country along with rising automation and tech advancements in the country, storage cost is expected to increase in the future.

Technological Advancements:  The cold storage industry is experiencing a new wave of technological developments which are essential for end users of cold storage services and for the organic growth of cold storage companies. Technology like- Robotics and Automation, Automated Guided Vehicles (Agvs), Iot Implementation, Advanced Sortation Systems, Drones and Advanced Analytics are being used by cold chain companies to grow their business.

New Government Policies and projects supporting the growth of Cold Chain: The government prohibits vehicles older than 20 years to operate on road which negatively impacts the cold transport business. The trend is expected to continue as the cold storage business grows stronger which will result in a decreased revenue share for cold transport by the year ending 2026F. Projects like Ring Road 3 and 4, the highway to the Moc Bai Border Gate and Cai Mep Port project, Long Thanh International Airport, and Hiep Phuoc Port City will boost the development of the sector in the years to come in the Southern Key Economic Region (SKER).

Development of New Cold Storage Warehouses:  Many cold chain operators are expected to expand their operations and establish many new cold storage warehouses to cater to the large and rising demand for refrigerated storage, providing a significant boost to the Vietnam cold storage industry. The development of specialized logistics hubs and intermodal connections, is essential to boosting cold chain supply in the medium and long term.

Analysts at Ken Research in their latest publication “Vietnam Cold Chain Market Outlook to 2026F- Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges” by Ken Research observed that Cold Chain market is an emergent transport and storage market in Vietnam at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for cosmetic dentistry, demand among the population along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 14.8% CAGR during 2021-2026F owing to the rise in economy of the country, increasing consciousness towards looks and new government policies.

Key Segments Covered in the report

Vietnam Cold Chain Market

By End User

Meat and Seafood

Fruits and Vegetables

Dairy and Bakery

Vaccination and Pharmaceuticals

Others

By Ownership

3PL Cold Chain Facilities

Owned

Vietnam Cold Storage Market

By Temperature Range

Frozen

Chillers

Ambient

By Automation

Non-automated Pallets

Automated Pallets

By End User

Meat and Seafood

Fruits and Vegetables

Dairy and Bakery

Vaccination and Pharmaceuticals

Others

By Major Cities

Ho Chi Minh

Hanoi Capital

Binh Duong

Long An

Other

Vietnam Cold Transport Market

By Truck Type

Reefer Vans/Trucks

20-foot reefers

40-foot reefers and others

By Mode of Transportation

Land

Sea

Air

In Land Water ways

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By Location

International

Domestic

By Vicinity

Inter-city

Intra-city

By End User

Meat and Seafood

Fruits and Vegetables

Dairy and Bakery

Vaccination and Pharmaceuticals

Others

Key Target Audience:-

Cold Storage Companies

Cold Chain Companies

Cold Transport Companies

Captive Cold Storage Companies

Captive Cold Chain Companies

Logistics Companies

Non-captive Companies

Cold Chain Associations

Logistics Associations

Private Equity Firms

Venture Capitalists

Time Period Captured in the Report:-

Historical Period: 2016-2021

Base Year: 2021

Forecast Period: 2021-2026F

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Companies Covered:-

Lineage

Transimex

Hung Vuong Corporation

AJ Total Vietnam

Mekong Logistics

ARC Bing Duong

ABA Cooltrans

Emergent cold storage

SK Cold Storage

Lotte logistics

Konoike

Hong Lai Group

New Land Logistics

Thang Long Logistics

Crane Worldwide Logistics

ALS Avaition Logistics

Arctic Wolf

Vinafco

Key Topics Covered in the Report:-

Country Overview and Infrastructure Analysis of Vietnam

Vietnam Cold Chain Market Overview and Genesis

Vietnam Cold Chain Industry Supply Ecosystem

Business Cycle and Genesis of Vietnam Cold Chain Market

Vietnam Cold Chain Market, 2016-2021

Vietnam Cold Chain Market Segmentation (by Cold Storage and Cold Transport, by Ownership and by End Users)

Vietnam Cold Storage Market, 2016-2021

Vietnam Cold Storage Market Segmentation (by Automation, Temperature Range, by End Users and by region)

Vietnam Cold Transport Market Overview, 2016-2021

Vietnam Cold Transport Market Segmentation (by Type of Reefer Truck, by Mode of Transportation, by Location & Vicinity and by end users)

SWOT Analysis of Vietnam Cold Chain Market

Competition Scenario of Vietnam Cold Chain Market

Growth drivers of Vietnam Cold Chain Market

Technological Advancements in the Vietnam Cold Chain Market

Issues and Challenges in the Vietnam Cold Chain Market

Recent Trends in the Vietnam Cold Chain Market

End User Analysis of Vietnam Cold Chain Market

Future Outlook of Vietnam Cold Chain Market, 2021-2026F

Future Outlook of Vietnam Warehousing Market, 2021-2026F

Future Outlook of Vietnam Cold Storage Market, 2021-2026F

Future Outlook of Vietnam Cold Transport Market, 2021-2026F

Market Opportunities and Analyst Recommendation

For more information on the research reports, refer to below link:-

Vietnam Cold Chain Market

Related Reports:-

Philippines Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood Consumption Owing to Growing Millennial Population Albeit Infrastructure Challenges

Malaysia Cold Chain Market Outlook To 2026 - Driven by Increase in Demand for Perishable Food Items and its Establishment as the Halal Industry Hub, Malaysia Cold Chain Market Experiencing Growth

South Africa Cold Chain Market Outlook to 2026F: Driven by Rising Meat and Seafood & Fruits and Vegetables Consumption & Owing to Growing Population and Infrastructural Development

USA Outdoor Payment Industry Witnessing Robust Growth in the Era of Virtualization and Digital Economy: Ken Research

 1. USA Outdoor Payment Market is being driven by emerging technologies like AI and ML for faster transactions and government support towards digital economy.

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USA Outdoor Payment Terminal market is expected to grow at a steady rate over the next few years, supported by increase in population in the country along with the rising popularity of electric vehicles and government initiatives such as carbon free economy and EMV compliance law. Increasing adoption of contactless or near-field communications (NFC) technology for credit card payment along with groundbreaking technologies such as artificial intelligence (AI), internet of things (IoT) and other digital platforms are opening new possibilities in the market.

2. Additionally, growing adoption of cashless & contactless payment for mobile payment systems are among the key factors driving the growth of the US OPT Market.

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USA Outdoor Payment Terminal market is expected to witness a tremendous growth owning to surge in the adoption of alternative payment methods such as contactless or mobile methods of payments like digital wallets along with investments and new market entrants. The COVID-19 outbreak has also considerably boosted growth of the OPT market, owing to rising trend of cashless transactions because of the fear of the spread of the virus. Additionally, the integration of intelligent algorithms to make quick payments at NFC-enabled terminals using smartphones, along with rising popularity of EuroPay, MasterCard, and Visa (EMV) cards in USA are expected to fuel the market growth.

3. Demand for Outdoor Payment Terminal has been underpinned by technological advances and this trend is likely to intensify and drive demand in the coming years.

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• The rapid adoption of wireless payment terminals by retailers and rising awareness towards touchless mode of transactions along with Govt. programs such as discounts to customers are increasing demand for outdoor payment terminal.
• Increased usage of smartphones, adoption of cloud-based solutions, and customers’ demand for quicker payment settlements are driving the growth of the market.
• The integration of intelligent algorithms to make quick payments at NFC-enabled terminals using smartphones, along with the untapped potential of emerging economies, are expected to offer lucrative opportunities to solution providers

4. Low adoption of OPT due to E-commerce giants, Long Procurement Cycle, Scale Disadvantage, and skimmers are few of the challenges and bottlenecks faced in USA Outdoor Payment Terminal Market.

• Many large convenience stores are closing stores, or putting off expansions as they fight off e-commerce disruption which results in low visits of C-store and fueling stations adoption of OPT in USA
• Procurement of raw materials for manufacturing OPT terminals is a lengthy process. Acquiring necessary supplies can take up to 6-8 weeks further stretched due to the ongoing pandemic situation
• With petroleum and convenience industry facing myriad challenges, many OPT providers struggle with pressures on profit margins, expanded consumer demands with complex regulatory and operational environments
• Wide adoption of EMV compliance throughout most of retail has only highlighted fuel pumps as easy targets for skimmers. With gas and diesel prices hurting Americans wallets fraud are increasing along with convenience retailers at risk position.

The India Liquid Packaging Market witnessed a Y-o-Y growth of 19% in FY’22 driven by pent-up demand in the post-COVID era: Ken Research

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• Due to pent-up demand in the post-COVID era in the end user sectors, the liquid packaging industry also witnessed a steep Y-o-Y growth of double digit in FY 22.
• Between FY’18 and FY’22 the share of glass has dropped with metals and tetra pak finding more usage among major clients.
• The market witnessed a paradigm shift from glass to other materials particularly metal and tetra pak.

Shift in the Trend: Customer Preference is shifting from glass packaging to Tetra pack packaging and is expected to shift further in forthcoming years. In retailing, as trends like drone delivery come into being, Tetra Pak will hold an advantage over glass and tin packaging as Tetra Pak is lighter. The shift expected is probably due to Co₂ emission at the production stage: Tetra Pak cartons are the winner, followed by plastic, then aluminum, and then glass is the worst.

Declining Market Share of HNG: HNG was the market leader at one time. However, its market share has been declining for three consecutive year and is expected to decline further in forthcoming years. Strategy to follow an aggressive growth plan which would act as a catalyst in doubling its existing capacity adopted by HNG probably didn’t work in favor.

The report titled “Market Study on India Liquid Packaging Market-Characterized by leading players expanding their production capacities aggressively in the past few years”, provides an exhaustive analysis of the liquid packaging market in India. It is expected that in retailing, as trends like drone delivery come into being, Tetra Pak will hold an advantage over glass and tin packaging as their packaging is lighter. The market is expected to witness enhancing use of Tetra Pak over long term as well as it is also one of the fastest growing packaging segments. The liquid packaging market has shown a positive CAGR of 7% for period 2018-2022P.

Key Segments Covered in the report:-

India Liquid Packaging Market:

Ecosystem

Supply Side

Demand Side

Supply Side (by Material Type)

Glass

Plastics

Metals

Tetra Pak

Others

Demand Side

Pharma

F&B

Personal Care

Household Care

Others

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Market Size

Revenue

Volume

Market Segmentation by Material Type on the basis of Revenue as well as volume

Glass

Plastics

Metals

Tetra Pak

Others

Market Share of Liquid Packaging (FY’18-FY’22)

Total Revenue (in INR Cr)

Total Volume (in ‘000 MTPA)

Domestic Revenue (in INR Cr)

Domestic Volume (in ‘000 MTPA)

Market Share of Glass Packaging (FY’18-FY’22)

Total Revenue (in INR Cr)

Total Volume (in ‘000 MTPA)

Domestic Revenue (in INR Cr)

Domestic Volume (in ‘000 MTPA)

Competitive Assessment

Liquid Packaging

Glass Packaging

Import Scenario

Value

Volume

Market Dynamics

Liquid Packaging

Glass Packaging

Key Target Audience

Liquid Packaging companies

Pharmaceutical companies

F&B companies

Personal Care companies

Time Period Captured in the Report:-

FY’2018-FY’2022

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Companies Covered:-

Uflex

Tinplate

Essel

Tetra Pak

Huhtamaki

PGP Glass

HNG

AGI Greenpac

Canpack

Firozabad Cluster

Manjushree

Alpla

Mold Tek

Hitech Group

Schott Poonawalla

Empire Industries

Pragati glass Pvt. Ltd.

Vitrum

Mitsu

Key Topics Covered in the Report

India Liquid Packaging Market Overview

Market Ecosystem of Liquid Packaging Market- Supply Side

Market Ecosystem of Liquid Packaging Market- Demand Side

Market Size by Revenue of Liquid Packaging Market in India

Market Size by Volume of Liquid Packaging Market in India

Market Segmentation by Material Type basis Revenue

Market Segmentation by Material Type basis Volume

Market Share of major players in Liquid Packaging by Total Revenue

Market Share of major players in Liquid Packaging by Total Volume

Market Share of major players in Glass Packaging by Total Revenue

Market Share of major players in Glass Packaging by Total Volume

Market Share of major players in Liquid Packaging by Domestic Revenue

Market Share of major players in Liquid Packaging by Domestic Volume

Market Share of major players in Glass Packaging by Domestic Revenue

Market Share of major players in Glass Packaging by Domestic Volume

Competitive Assessment of Liquid Packaging

Competitive Assessment of Glass Packaging

Import Scenario on the basis of Value

Import Scenario on the basis of Volume

Porter’s Five Force Analysis of Glass Packaging Segment

Market Dynamics of Liquid Packaging

Market Dynamics of Glass Packaging

The Future of Liquid Packaging

Case Study of same liquid being packaged in glass and other packaging materials

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

India Liquid Packaging Market

Related Reports By Ken Research:-

USA E-Commerce Logistics Market Outlook to 2026

Singapore Cold Chain Market Outlook to 2026F

KSA E-Commerce Logistics and Warehouse Market Outlook to 2026F

Robo-Advisors- A Low-Cost Investment for KSA Residents to Invest by Automating Trading Decisions and Eliminating Human Emotions

 

1.  KSA Robo-Advisory in Wealth Management to grow at CAGR of ~50% by 2026F

In 2021, approximately 20% of KSA’s wealth is derived from Ultra High Net Worth (HNW) individuals who are worth more than USD 100 million, and it is expected to remain the case in the coming future. Competition is fierce among KSA-based Wealth Management firms. For instance, clients are more interested in sustainable & ethical investments. Equities and investment funds made up the largest asset class of total personal wealth in 2021 and is expected to grow the fastest.

2. Digital investment platforms to provide low-cost options to Millennials and mass affluent clients in KSA

KSA Robo –Advisory in Wealth Management Market is expected to emerge as one of the leading destinations for wealth management & private banking globally, driven by burgeoning HNWI (high net worth income) population that demands technologically advanced and highly customized banking and management solutions.

Digital technology has changed customer expectations at a rapid pace over the past five years. The availability of accessible and tech-savvy solutions as Robo-Advisors will ensure a competitive advantage for firm providing it. Millennials and Generation Z have largely grown up in a tech-laden world. They are twice as likely as some older investors to consider using a Robo-Advisor.

3. Pain Points in KSA Robo-Advisory in Wealth Management

• Tedious process of looking for reliable Robo-Advisory platform as buyer/investor.

• Market is still at a nascent stage, therefore low adoption than expected due to lack of consumer awareness. Competition is very limited creating a situation of monopoly, reducing customer’s bargaining power.

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• Cyber Security risks are high in such investing platforms. As these Robo-Advisory platforms are prone to data privacy, malicious software on user’s device.

4. Few solutions to the above problems

• Banks are expected to take the lead in the market very shortly. These would do well due to their cost-effectiveness, trust, ease of movement of money, captive base and larger credibility with the customer.

• FSRA is one such organisation that issues regulatory framework for Robo-Advisors in KSA. Thus, more such rules & regulations can help regulate and undermine the risks.