The Adoption of New Technologies, Rising Demand for E-Vehicles, Upliftment of Travel restrictions and Government Initiatives will drive Singapore Online Insurance Market: Ken Research

 

• With the Upliftment of the Travel Restrictions, it is expected to see a growth in the demand for the Travel Insurance.
• Increase in cases of accidental damage, rising standard of living among people, would drive the growth of the gadget online insurance market.
• The citizens would continue to purchase insurances due to the specific tax advantages, requirements for getting specific loans and for asset protection

The Adoption of Advance Technologies to prevent Frauds:  Technological tools such as Artificial Intelligence, Internet of Things, and Blockchain are being used by insurers to more effectively detect and prevent insurance fraud. It will also be used to give the behavioral analytics to provide insights into people’s actions and help insurers determine genuine claims. They can be implemented to prevent exaggerated claims where fraudsters try to add cost of previous damages to new claims. Blockchain also prevents double dipping, in which insureds file a claim with more than one insurance company. The distributed ledger technology of blockchain can prevent repeated transactions for the same claim from being approved. Insurers will be alerted of a motor claim instantly because of the connected universe of smart devices.

Government Initiatives: The online insurance market in Singapore is guided by the same regulations provided by Monetary Authority of Singapore for offline insurances and with the access to internet by the majority of the population, it is expected, that this policy will contribute to the growth of the insurance sector and other than that, Government has launched the Policy Owner Protection Scheme which provides the 100% coverage to individuals for guaranteed benefits of life insurance policies  and also, Singapore law does not prescribe different levels of commission rates to be paid to insurance intermediaries for online sales as opposed to insurance sale through other means.

Rising Demand for E-Vehicles: A major shift in the motor insurance product can be anticipated with the increase in EV vehicles, to meet the objectives of the Singapore Green Plan for 2030. This Shift has led to rise in the demand for the Motor Insurance in Singapore.

Analysts at Ken Research in their latest publication “Singapore Online Insurance Market Outlook to 2026F- Driven by Digital Disruption and Rising Technology-enabled Services in the country” by Ken Research observed that Singapore Online Insurance Market is in the Growing Phase as the Adoption of New Technologies, Rising Demand for E-Vehicles, Upliftment of Travel restrictions and Government Initiatives, are expected to contribute to the market growth over the forecast period. The Singapore Online Insurance Market is expected to see double digit growth rate over the forecasted period 2022-2026F.

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Key Target Audience

• Insurance Players
• Online Insurance captive Players
• Online Insurance Aggregators Players
• Insurance Technology Provider
• Insurance Users
• New Entrant in Online Insurance Space
• Associated or Affiliated Banks with Insurance Entities
• Regulatory Bodies for Insurance Entities

Time Period Captured in the Report:

• Historical Period: 2016-2020
• Base Year: 2021
• Forecast Period: 2022– 2026F

Companies Covered:

• AXA Insurance
• AIA Singapore
• Prudential Assurance Company
• FWD Insurance
• Singlife with Aviva
• Great Eastern Life
• Manulife Singapore
• Chubb Asia Pacific
• HSBC Singapore
• Singapore Life
• China Taiping
• Zurich
• St. James’s Place
• Swiss life
• Quilter International
• Tokio Marine
• Income
• EtiQa
• Transamerica
• Munich RE
• Utmost International
• China Life

Key Topics Covered in the Report:

• Country Overview
• Singapore Population Analysis
• Overview and Genesis of Singapore Online Insurance Market
• Ecosystem of Singapore Online Insurance Market
• Timeline of Major Players in Singapore Online Insurance Market
• Types of Insurance products in Singapore Online Insurance Market in 2021
• Current Scenario of Health Insurance in Singapore Online Insurance Market in 2021
• Growing Traffic and Motor Insurance in Singapore Online Insurance Market in2021
• Travel Insurance in Singapore in 2021
• Property Insurance in Singapore in 2021
• Market Size of Singapore Online Insurance Market
• Market Segmentation of Online Insurance Market in Singapore
• Industrial Analysis
• SWOT Analysis of Singapore Online Insurance Market
• Technology Trends Transforming the Singapore Online Insurance Market
• Regulatory Framework of Government Regulations of Singapore Online Insurance Market
• Government Regulations of Singapore Online Insurance Market
• Customer Analysis of Online Insurance Market in Singapore
• Challenges faced by Consumers in using Online Insurance in Singapore
• Competitive Analysis of Online Insurance Market in Singapore
• Cross Comparison of Major Players in Singapore Online Insurance Market
• Cross Comparison of Major Insurtech in Singapore Online Insurance Market
• Future Outlook and Projections of Online Insurance Market in Singapore
• Impact of COVID-19 on Online Insurance Market in Singapore
• Analyst Recommendations

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

Singapore Online Insurance Market: Ken Research

Related Reports by Ken Research

Malaysia Online Insurance Market

Thailand Online Insurance Market

Indonesia Online Loan and Insurance Industry

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Malaysia Data Center Market is expected to Generate over $1 Bn in Revenue Owing to Rapid digitization & high demand from SMEs: Ken Research

 1. Data Center Industry in Malaysia is dominated by Local Providers & is expected to grow @ 18 % CAGR (2021-2026F)

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The Malaysia Data Center Market revenue is expected to reach over $1 Bn by 2026F. More than 40 data center facilities are operating as of now with just four key players contributing towards 51% of the total white space in 2021. Rising number of cyberattacks, increased power consumption and cost index & unstable power supply are some of the major industry bottlenecks that need to be taken care of for the market to grow overtime. Moreover, major growth drivers like rapid digitization & high demand from SMEs & other industries will boost market growth in the coming years.

2. Retail Co-Location Services are the dominating segmentations of Malaysia Data Centre Market

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Malaysia Data Centre market is dominated by Co-location services with the same expected to increase from 55% in 2021 to 57% in 2026F owing to the increasing adoption of data centers by SMEs, E-commerce and IT industries in Malaysia. Retail Co-location data centers capture a massive share of 68% in the market while wholesale co-location centers have a share of 32% contributing a revenue of over $ 200 Million.

3. Unclear Regulatory Framework, Environmental Conditions, cyberattacks and Power Cost are few of the challenges and bottlenecks faced in Malaysia Data Center Market

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Malaysia Data centre market has some of the major bottlenecks that need to be looked out. A clear regulation as to the data centre is needed when it comes to the data centre market in Malaysia.  Moreover, location assessment to determine proper placement of data centers is very important & has to be taken care of. The rising adoption of cloud services and IoT devices has increased the threat of cyberattacks. It is to be noted that Malaysia was the 11th most breached country in the world in 2022. A total of 665K+ Malaysians have been breached during 2022, recording a growth of 733% in the last quarter.

4. Shifts in creative media content towards Content Delivery Networks, IoT, growth of big data and the roll out of 5G is driving the demand for data consumptions

A number of technological innovations are being rolled out as a result of which, a steady growth is expected for the data centre market in Malaysia. The main drivers include Internet Of Things (IoT), shifts in creative media content towards Content Delivery Networks (CDN), such as YouTube, Netflix, Amazon Prime and gaming solutions, alongside the expected shift to 4K and 8K content. Artificial Intelligence enabling speech recognition, decision-making and language translation, 5G services, use of cloud-based services by businesses of all sizes & growth of Big data.

The Nigeria cold chain is a blue ocean market with a vast opportunity for new players to set-up operations: Ken Research

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1.  Nigeria Cold Chain Market is growing at a CAGR of 11.2% with ample of unexplored opportunities available in the market to grow in future 

There is wide-spread food wastage of fresh fruits and vegetables. According to certain estimates as much as 30%-40% of the total post-harvest losses can be attributed to the absence of supporting infrastructure. Nigeria is witnessing the development of pharmaceutical cold chain infrastructure beyond metropolitan cities and increased number of cold chain companies like Philips Pharmaceutical Nigeria Ltd which will add to the revenue of cold chain market.

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2.  The new breakthrough cold chain technologies in Nigeria include solar cold rooms, solar refrigerators, and solar ice-makers

These are powered through solar energy. They use a combination of solar panels and lead-acid batteries is used to store generated energy for periods when sunlight is unavailable. The temperature range for these are between 0 degree Celsius to 10 degrees Celsius.

The blocks of ice are created during daylight hours and kept at 0ºC within the ice maker at night using battery power. The thermal capacity of the solar ice makers allows for the use of ice as energy storage, which preserves food for multiple days at a time in the absence of sunlight.

Solar Freezers use the energy from sunlight, to maintain sub-zero-degree Celsius temperature to store commodities at freezing temperatures. Temperature ranges to -18 degree Celsius and below. These are primarily used in areas with improper electricity supply.

3.  The Cold Transportation market is expected to grow at CAGR of 10.6% during 2021-2026F

• The penetration rate of reefer trucks is expected to remain less than a percent in 2026F in Nigeria Cold transportation market.
• The revenue generated from land cold transportation is expected to grow at a CAGR of ~12% during 2021-2026F.
• The average revenue to be earned by a reefer truck in 2026F is expected to increase in future due to growing demand of Food and Beverage, Healthcare industry and sustained efforts made by International Organisations and Government Authorities to improve infrastructure in the country.
• Overall market outlook to 2026F is bullish since the number of reefer trucks, the no. of players in cold transportation market and average revenue earned by a reefer truck is expected to increase over the years.

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

Nigeria Cold Chain Market

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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

Qatar Cold Chain Market Outlook To 2026 - Driven By FIFA World Cup 2022’S Logistics Demand And Infrastructural Growth Along With A Tailwind Of Technological Development, Qatar Cold Chain Market Experiencing Growth

Rising demand in the Automotive Market and Growing Digital Advancements are some of the major Trends governing the Philippines Auto Finance Industry: Ken Research

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1.  Philippines is 2nd fastest growing vehicle market in ASEAN

• Utility Vehicles likely to dominate the market in terms of New Vehicle Registrations every year with foreign brands and Japanese automobile manufacturers prospering the Philippines market. SUVs holds less share due to high capital investment and cost attached to it.
• Customer lifecycle management optimization is likely to support the entire product and service lifecycle thereby increasing customer retention and boost loyalty towards few brands in the market
• Adopting new technologies like API-based architecture will boost the fintech solution across Philippines

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2.  Financing Rate for New and Old Vehicles expected to increase in future in Philippines

The Financing rate is expected to rise each year due to increasing demand of the finance in recent years. Earlier, the financing for old and new vehicles was not very popular with very limited audience catered by the financing market. The Percentage contribution of New Vehicles financed is higher than Old Vehicles as the rate of interest charged for Old Vehicles is quite high. 

3. Philippines Auto Finance Industry is in a growing stage in which Digital Advancements are expected to provide new opportunities in the future 

• Growing Digital Advancements: The Industry is increasingly moving towards newer technology such as AI and ML to improve its efficiency.
• Increasing Private Hire Car Service: Large number of people in Philippines are now preferring to hire private Cars leading to potential increase in their financing in future.
• Green Car Loans: Electric Vehicles is an emerging segment in Philippines leading way for green loans in the country.

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

Philippines Auto Finance Market

Related Reports By Ken Research:-

KSA Auto Finance Market Outlook to 2026F

Singapore Auto Finance Market Outlook to 2025 (Edition II)

Thailand Auto Finance Market Outlook to 2024

Monitor Customer Satisfaction Over Time as You Introduce Changes: Ken Research

Customer satisfaction informs you about customer happiness. It tells how your clients are satisfied with your products, capabilities, and services. Along with product ratings, and reviews, The Customer Satisfaction survey company assists you to develop your services, develop your products, and make the complete experience with your site more user-friendly.

Here at Ken Research as one of the Top Employee Satisfaction Survey Companies and Customer Satisfaction Survey Companies, we are obsessed with customer and employee satisfaction, and you should be too. After all, carrying high-quality products, user experience, services, and customer care brings money to the bank. 

At Ken Research, a customer satisfaction survey can come in the form of:

• A digital survey shared via email after a customer assistance call to determine how satisfied they were with the assistance they received, or after a dining experience at a restaurant.
• A print survey for real-time product challenging and customer feedback at experiential demos or events.
• A push notification survey that employs customers directly via text messages. Customers have to opt-in to attain these notifications, and they can be utilized as a part of a nurture campaign to develop customer engagement and satisfaction.
• A phone survey that’s conducted directly after a customer assistance call or as a follow-up to a dissatisfactory customer experience.

Importance of Customer Satisfaction Survey Report

Without question, the voice of the customer is imperative. Customer satisfaction surveys assist you in better understanding and using the voice of the customer to better your business’s sustainability and growth.

Their opinions and feedback are two of the most essential aspects that validate decisions within your business, enabling you to become more equipped to encounter their precise and immediate requirements instead of basing your strategy on assumptions.

Their opinions also shape the customer lifecycle. If you don’t know their thoughts, you have a lower chance of retaining them, delighting them, or enticing them to make future buys. With all of this in mind, you get views and information about satisfaction levels through your customer satisfaction surveys. Without them, you’d never know how your customers were feeling, and you’d never be capable of encountering their requirements.

Why you should invest in our services?

A customer satisfaction survey at Ken Research proposes powerful insights that your product or customer assistance team can utilize to fulfill and even exceed customer predictions.

Understanding what your clients value and what steps your business can take in developing customer satisfaction creates business value and better sales. It can even assist inform new ideas for products, customer solutions, and services.

• Improves Customer Retention: Because customer surveys can also be utilized to attain your customer’s perspectives on potential issues, taking these so-called ‘negatives’ and turning them into advancement opportunities can assist with customer retention. If you have a well-defined plan for measuring customer satisfaction on a consistent basis, you will most probably recognize any alterations and indications of issues a lot earlier than you would without it. Additionally, being transparent and letting your consumers know that you are functioning on resolving issues can assist develop reliability and trust.
• Treat detractors and helps identify: Unhappy customers can impact a company highly. Not only are they very doubtful to remain a customer, but there is also that their bad experience can influence potential or prevailing customers.

Improve your customer satisfaction with Ken Research

The complete objective of any Customer Satisfaction Research Studies Companies is gaining actionable customer feedback that can be utilized to develop the complete customer experience. A better customer experience leads to greater customer satisfaction and customer preservation. As of now, in the competitive business environment, it is not only imperative to generate the best customer experience and encounter customer predictions, it’s demanded.

Begin tracking and measuring complete customer satisfaction and constructing better experiences. With Ken Research, generate and centralize tailored satisfaction surveys, and turn feedback into actionable demands within your customer service procedures.

Global Prosthetics and Orthotics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

 The Global Prosthetics and Orthotics Market was valued at US$ 6 billion in 2017. It is estimated to be US$ 7 billion in 2022 and is expected to reach a market size of US$ 9 billion by 2028, owing to the rising incidence of road accidents and sports injuries coupled with the increasing number of diabetes-related amputations.

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Key Growth Drivers

• The growing prevalence of osteosarcoma along with the increase in disability rate is anticipated to propel the growth of the Global Prosthetics and Orthotics Market.
• The advancement in technology for the development of prosthetic devices and adoption of technologies like 3D printed prosthetics owing to their cost-effectiveness and easy usage, next-generation technologies such as microprocessors, automation, artificial intelligence (AI), and others is likely to aid the growth of the market.
• The Global Prosthetics and Orthotics Market face challenges due to the high cost of the devices and technologies of prosthetics.
• The challenge faced by the Global Prosthetics and Orthotics Market is the lack of developed healthcare infrastructure in developed and under-developed economies. On the other hand, the high cost of devices is expected to obstruct the growth of the market.
• Lack of proper healthcare infrastructure, especially in low-income or developing countries along with the low-income status of large populations may restrict the growth of the market.
• COVID-19 negatively impacted the Prosthetics and Orthotics Market for short time due to the disruption in the supply chain globally, delays in approvals or launch of new medical equipment, and reduced healthcare spending. In addition, essential surgeries or medical procedures were taken into consideration during the initial stage. However, many non-governmental organizations and regulatory agencies responded to the changing scenarios and were seeking approvals for the continuation of prosthetic and orthotic care services to offer essential health benefits to patients during the pandemic. The demand for prosthetic and orthotic care is expected to become stable as physical operations are resumed, which is increasing the demand for the services among the existing amputee population with maintenance.

Key Trends by Market Segment

By Type: Orthotics segment held the largest share of the Global Prosthetics and Orthotics Market in 2021, attributed to the increasing number of spinal cord injuries.

• The rising cases of road accidents or sports injuries coupled with increasing penetration of orthopedic technology to offer benefits like reduced pain and faster recovery in terms of movement is anticipated to augment the growth of the segment in the Global Prosthetics and Orthotics

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By Technology: The conventional segment held the largest share of the Global Prosthetics and Orthotics Market in 2021, owing to its affordability.

• The reliability of end-users on conventional technology of prosthetics and orthotics coupled with it also offers advantages such as safety, energy efficiency, stability, and affordability, which is expected to attract consumers and thus is anticipated to boost the growth of the segment in the market.

By Geography: North America region accounted for the largest share of the Global Prosthetics and Orthotics Market in 2021, due to the increasing focus on providing quality care along with the growing focus on research and development of new technologies for prosthetics and orthotics.

The increase in investment for research and development for prosthetics and orthotics along with favorable reimbursement policies along with well-established healthcare infrastructure in the region is expected to propel the growth of the region in the market.

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Competitive Landscape

The Prosthetics and Orthotics Market is highly competitive with ~150 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Prosthetics and Orthotics.

Country-niche players comprise ~55% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Fillauer LLC, Bauerfeind, Ottobock, Zimmer Biomet, Blatchford Limited, Steeper Inc., Johnson and Johnson, Stryker, Smith+Nephew, and Össur, among others.

The leading global Prosthetics and Orthotics companies such as Bauerfeind, Össur, Fillauer LLC, and Ottobock are highly focused on launching new orthotics and prosthetics products in the market and gaining investment for research and development process.

Recent Developments Related to Major Players

• In February 2022, Össur launched a new next-generation Power knee microprocessor prosthetic knee system. The company designed a motor-powered smart prosthesis with advanced algorithms for providing movement to humans. The algorithm detects the pattern of human movement, and learning, and adjusts to the speed and cadence in real-time of the wearer in. The company aimed to expand its product portfolio with the help of a new launch.
• In June 2020, Ottobock partnered with World Para Athletics to launch Ottobock Get Together, a series of monthly live sessions on Facebook, which was hosted by Heinrich Popow, the eight-time Paralympic medalist. This series aims to know about the experience of Para athletes from their life and experiences. The first edition of the session was based on prosthetic legs. The partnership aimed to spread awareness regarding prosthetic legs by sharing the experience of world-class athletes.

Conclusion

The Global Prosthetics and Orthotics Market is forecasted to continue sluggish growth, primarily driven by the increasing frequency of road accidents and sports injuries globally. Furthermore, advancements in technology in the development of prosthetic devices and increasing penetration of new technologies including next-generation technology, 3D printing, and others in the market are anticipated to propel the growth of the market even in the forecasted period. Though the market is highly competitive with ~150 participants, regional players control the dominant market share.

Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Prosthetics and Orthotics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four region's Prosthetics and Orthotics Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Type	Orthotics Upper Limb Lower Limb Spinal Orthotics Prosthetics Upper Extremity Lower Extremity Liners Sockets Modular Components
By Technology	Conventional Electric-powered Hybrid Orthopedic Prosthetics
By Geography	North America (USA, Canada, Mexico) Europe (Germany, UK, France, Sweden, Italy) Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia) LAMEA (Latin America, Middle East, Africa)
Key Players	Fillauer LLC Bauerfeind Ottobock Zimmer Biomet Blatchford Limited Steeper Inc. Johnson and Johnson Stryker Smith+Nephew Össur

 

Indonesia Auto Finance Market is in Growing Stage with Banking Institutions & NBFCs leading the market & Online Aggregator Platforms entering the Market: Ken Research

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1.  Import & Export of Indonesia are picking up pace after the Global pandemic in 2020; Japan being the major contributor in the imports

Indonesia’s entire automotive industry is centered around Bekasi, Karawang & Purwakarta regions in West Java, located near the capital city, Jakarta where the demand for cars is relatively on a higher spectrum as well as an area with a well- developed infrastructure. Moreover, a number of big players in the car market of Indonesia such as Toyota & Daihatsu that captures almost 60% of market share in automobiles have invested in industrial estates as well as car & component manufacturing plants in Jakarta, making it the ‘Detroit of Indonesia.

2.  Online Auto Finance Aggregator Platforms is an emerging market in the country which is expected to simplify the loan acquisition process drastically

Aggregator platforms such as Cermati and Broom can collaborate with Banks, Captives, NBFCs, Fintech Lenders & other peer to peer lending platforms in order to provide the end user multiple financing options that ultimately leads to a more transparent & streamlined vehicle-buying process eliminating obstacles such as insufficient information & hectic loan disbursal.

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3.  Financing of auto vehicles by NBFCs in Indonesia is expected to rise as a result of new emerging technologies, ease in the process & longer loan tenure

In the past 5-10 years, Indonesia is witnessing a new wave of Digital enhancement with several new fin-tech platforms for aggregation, peer-to-peer lending entering into the market. The industry will be witnessing a steady growth that will impact the market scenario in a positive way with NBFCs leading the financing element of the market. Moreover, a decline in the trust amongst people when financing loans from banks can prove to be beneficial to NBFCs. This is mainly due to an ease in financing process, lower granting benefits & other additional benefits.

4. New Car Loans, Used Car Loans, Lease buyouts, and Refinancing are 4 major options of financing available in Indonesia for automobile sector

• New Car Loan: New Car Loan is a loan for new cars. Customer can generally borrow up to 70% or 80% of the value of the carthey are trying to purchase, according to guidelines set by the Financial Authority of Indonesia.
• Used Car Loan: Similar to the new car loan system, in this case, the interest rates were around quite high for the last quarter of 2021.
• Lease Buyouts: For lease buyouts, the car dealer plays the role of a middleman to secure a loanfrom the bank on the customer’s behalf.
• Refinancing: Refinancing is basically the replacement of an existing debt obligation (automotive loan) with another debt obligation (automotive loan) under a different term and interest rate. Refinancing loans are also provided by stakeholders like Banks, NBFCs, and Captives

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

Indonesia Auto Finance Industry

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Vietnam Auto Finance Market Outlook to 2026F– Driven by Digital Penetration and Dominance of Banks along with a Shift in Consumer Preference form 2W to 4W

Qatar Auto Finance Market Outlook to 2026F– Driven by Increasing Vehicle Prices and Low-Interest Rate In The Country

Dossier 360, Offers A Proficient Access To An Extensive Collection Of Relevant Reports: Ken Research

 

Dossier 360 is a bigger subscription platform that concessions an all-inclusive assemblage of over 10,000+ Premium Industry Reports, Press Releases, Investment, and Economy news, 30,000+ equity and private company reports, Due Diligence Reports patterned from 100+ Renowned All-encompassing Publishers and Sources. The platform of Dossier 360 offers proficient admittance to the wide-ranging collection of relevant and believable news and business content comprehending global news, company news, industry updates, country analysis, supervisory information, and public records. The Dossier360 proposes a reorganized and unprompted interface that makes it easy for the user to enter the subscription platform.

Whereas Ken Research is a functional aggregator and issuer of market intelligence, equity and economy reports transversely over the globe. We aggressively acclaim the business intelligence and well-designed recommendations in more than 300 verticals underscoring disruptive technologies, progressing the business models with the precedent analysis and achievement case studies.

Although, we are one of the important market research Market Intelligence Bundled Logistics Report providers. We have a fundamental research team to advance market research reports across the industry verticals and sectors on contemporary and most in-demand subjects. Our professional team builds research reports by comprising facts and figures to support the demonstrated data with analytical tables and charts for recovering understanding and getting perceptions on the topics. We deliver market research subscription services through 12 industry verticals to improve the organization's strategic requirements.

Not only has this, on the Dossier 360, but the Market Intelligence Dossier Logistics Report also offers strong exposure to business intelligence and functional advice-giving in various industries encircling automotive, healthcare, building and construction, education, logistics, banking & financial services, agriculture, plastics & chemicals, media & entertainment, food and beverage, energy & utilities and numerous others. Such reports bounce the profitable and operative insights concerning economic shifts, emerging technologies, regulatory developments, customer perceptions, market trends, market opportunities & threats, and antagonism scenarios.

Not only has this, but the Dossier 360 of Ken Research is also very much cost-effective owing to admittance on a Subscription Basis Clients that cannot afford the Premium Market Intelligence Reports on a per research report basis will get admittance to our repository on Pay as You Use basis. Furthermore, Subscribers of the Car Rental Market Bundled Subscription Report have the choice of modifying, in addition, they can send commendations to conduct market research at a marginal cost.

At our market research subscription platform of Dossier 360, there are confident Market Intelligence Subscription Logistics Reports brought together for our subscribers only and cannot be attained individually. Being a research stream subscriber is progressively more cost-efficient than gaining the detached report on the IoT analytics websites. This is principally esteemed for the great business whose command for the dispersed reports arise from plentiful dissimilar departments in the corporates.

We realize that some of our clients may not be knowledgeable to evaluate their requirements at the establishment of a financial year. Hence, we have come up with an unmatched subscription capability, which lets our clients buy sets of reports, in line with their necessities, as conflicting with a long-term minimum procurement mandate.

KSA Cybersecurity Market Has Been Experiencing Massive Growth, Owing to Global Pandemic, Government Initiatives & Others

 

1. KSA Cybersecurity Market experienced a massive uptick, growing at a CAGR of 18.9% as a result of Government initiatives & Global Pandemic among other factors

The Y-o-Y growth in the period between 2019-23 has experienced a massive upsurge attributed to the advent of the global pandemic. A major reason behind this was the WFH set-up that was promoted for a while therby increasing the requirement of cybersecurity measures to be implemented. Furthermore, given the serious nature of cyberattacks being carried out towards a number of sectors, the government has been implementing stringent regulations such as ECC & Cybersecurity framework to shield the sensitive data of various companies. All in all, cybersecurity market in KSA is growing at a steady rate.

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2.KSA’s  Cybersecurity Market requires a shift from being product centric to  consumer centric for it to tackle various market restraints which the end users face

• Threat of New Entrants: There’s a high theat of new Entrants attributed to the non-existence of entry barriers . Moreover, rapid technological advancements & lucrative nature of the market serve as magnets for budding start-ups.
• Bargaining power of buyer: There’s a high bargaining power available to consumers as a result of various domestic & international players operating in the eco-system ultimately lowering the overal costs for the end user.
• Competition Rivalry: The Cybersecurity market in KSA is highly fragmented with various players competing for the top spot in the market on the basis of price & maintenance fee, services & solutions provided & brand image.
• Bargaining power of Suppliers: The scenario is not at the side of suppliers when it comes to their bargaining power owing to the cut-throat competition between several players operating in the ecosystem simultaneously.
• Substitute Products: Lack of differentiation of services & solutions leads to lower threat of substitution in the existing market.

3. Expansion of internet and 5G services, increasing demand for big data and acceleration towards digital transformation are the major developments in the KSA Cybersecurity Market

• Increasing demand for Big Data: Big data adoption by enterprises and businesses in recent times creates a challenge to security information and event management (SIEM) as there is chunk of data being generated by the web, email, and social media applications. Therefore, these enterprises are looking to implement strong cybersecurity measures, which will result in the growth of this market in coming years.
• Acceleration towards digital transformation: At LEAP 2022 in Saudi Arabia, the largest tech event in the country, investments of over USD 6.4 Bn was announced in future technologies and entrepreneurship. Massive investment in technological innovation serve as a major catalyst for the cybersecurity market in KSA.
• Growing Healthcare Industry: Healthcare cyber security firms in Saudi Arabia provide healthcare institutions with cyber security services and solutions to secure their hospitals and patient information from data breaches and cyber-attacks. Healthcare is an attractive target for cybercriminals as medical data is between ten and twenty times more lucrative than credit card or banking details. Therefore, the growth in healthcare industry subsequently contributed in accelerating the cybersecurity market in Saudi Arabia.

Charging infrastructure in India is currently quite under-developed but has huge potential in the near future owing to increasing EV deployment in the country: Ken Research

 1. Infrastructure for EV charging has been gaining pace in recent times, owing to increasing EV adoption, especially in Metro cities.

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EV charger demand in India witnessed an increase this year owing to tenders announced by PSUs, which put together amounts to about 6,000 charging stations by 2023. Attractive capital subsidy are provided by state government for deployment of limited number of fast and slow EV chargers.

Low utilization rate of public charging stations has been identified as deterring investor and charge point operators in expanding their fleets. However, with increased EV usage by commercial fleet operators and private buyers, the utilization rates are expected to increase in the coming years.

2. E Rickshaws, E Autos, and E 2Ws are the most promising segments for electrification in India and are expected to account for more than 4 million units by 2025

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Electrification in India will be primarily driven by Government incentives (FAME II) and state Government’s push for cleaner fuels. There is a growing need for clean and shared transportation. Therefore stringent emission norms with higher cost of compliance (internal combustion engines) are being apprehended. With newer business models lowering operational cost of EV’s the future is fulfilling for EV business.

3. While public entities are holding a major share in the market, private companies and new entrants are also doing exceptionally well.

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It is anticipated that the bulk of private E-4W charging would be from home chargers while the commercial E-4W would prefer public charging, thereby generating maximum revenue share. Players in the market are covering a wide spectrum of vehicles, while providing charging units in different capacities and great customer experience. There are regional and national players namely – Volttic, Charge+Zone, TATA Power, Fortum, EESL, EVI Technologies. The dominant player in the market namely EESL has the highest no. of charging stations and also charging stations to mid-segment companies like EVI Technologies.