Total Digital Payment transaction value in India is expected to project over USD $300 Bn by 2027. Will India abide by this statistic? : Ken Research

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1. M-Wallet transactions are observed to grow at a massive growth rate as it saves time by not adding Card number, CVV, etc.

Click to know: Landscape of M-wallets in India

• Compared to other payment modes in India, M-wallet service providers have emerged as the most significant contributor in promoting electronic payments in the country owing to the increasing usage of internet and smartphone users in the country.
• In terms of transaction volume, the semi-loop wallet type established itself as market leader in India m-wallet market and was followed by closed loop wallets in FY’2021.
• Some of the major companies having semi-closed wallets include Paytm, Mobikwik, Oxigen wallet and others whereas, closed wallet type companies include SBI E-Buddy, HDFC PayZapp and telecom operators such as Airtel Money, Jio Money, Vodafone M-Pesa and others.
• Social gifting is on the verge of becoming a popular trend among young tech-savvy customer base which could drive money transfer through mobile wallets, especially on festive occasions in near future.
• Over the forecast period, mobile-wallet transaction volume is further expected to increase to 10,500 Mn by the fiscal year ending 2026 and on the other hand, India m-wallet transaction size is further anticipated to increase to INR 5300 Bn in terms of transaction value by the fiscal year ending 2026.

2.  UPI systems provide incentives and rebates on practically all sorts of transactions to stimulate your interest and increase your savings

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Some major benefits of using UPI are: -

• Instant Transactions
• Promotes a Cashless Economy
• Rewards and Cashback
• Privacy Protection
• Transactions Through Multiple Accounts

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UPI is digital payment system that allows multiple bank accounts into a single mobile application, thereby merging several banking features and merchant payments. In India, along with account holders, banks and financial institutions also make use of NPCI’s UPI platform to offer direct digital payments from accounts without sharing account details by creating a unique UPI ID or VPA (Virtual Payment Address). UPI has seen a humongous surge in recent years, owing to the sudden increase in adoption of QR based UPI transactions in retail spaces. In terms of transaction volume, UPI transactions were witnessed to increase from 18 Mn in 2017 to 4.6 Bn in 2022 whereas, in terms of transaction value, UPI transaction size went from INR 69 Bn in 2017 to INR 84,000 Bn in 2022.

Malaysia Ophthalmology Total Revenue for the period (2015-20) CAGR of 7.7%. Will Malaysia be able to grow further?:- Ken Research

 1. Specialization of the Doctor along with the location of the Clinic/Hospitals are the major factors while deciding on the Clinic for Ophthalmology.

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• 5%-10% of the eye consultations turning to eye surgeries.
• The surgery fee varied from MYR 2,000 to MYR 10,000 depending on the type of surgery. Length of Stay is generally up to 23 Hours. A patient visits clinic 1-2 times before the surgery and 1 visit post-surgery (generally included in package).
• Doctor Specialization and Experience is the major parameter a Patient takes into consideration while making an appointment with an Ophthalmologist. Specialization in required surgeries builds confidence in the Patient to get their Treatment from that doctor. For ex: Some Clinics have Vitreoretinal Surgeons, Refractive Surgeons etc.
• Hospitals with Strong Brand Name in Eye Care Services attracts Patients. Services such as shorter waiting time Availability of Ophthalmologists, Operating Area, Operating Hours, Pre-Surgery Test Facilities etc. helps the Patients to identify the best Clinic as per their convenience.
• Before taking an appointment with a New Ophthalmology Clinic, Service Portfolio is analyzed basis multiple Consultations and Surgeries the clinic offers. For Ex: Some Clinic Offers RELEX SMILE while others are also offering FEMTO-LASIK.
• Location of a Clinic/ Hospital from the Patient’s location is equally important. For Consultations a Patient takes Appointment in the Clinic closer to the place, however for Surgeries locations of the Doctor with Specialization is selected.
• Surgery Price Package is analyzed before making decision for the Surgery. Package of the Surgery generally include Pre & Post Surgery Appointments with the Doctor and Required Tests to conduct before the surgery.

2. Increasing No. of Private Insurance Players & Coverage Premiums for Ophthalmology cases.

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• Increase in Private Insurance coverage encourages more people to seek private medical services, including ophthalmology related medical procedures that are subsidized by insurance.
• Ophthalmology clinics are in partner with Major Insurance Companies to provide Cataract surgery related claims. For instance: ISEC has partnered with some Insurance companies and 3^rd Party Administrators to ease down the claim process. Major insurance companies include AIA, Prudential BSN Takaful, eTiQa Archipelago Insurance etc.
• Health insurance provides some financial protection against medical & surgical expenses, which normally includes cataract & other eye diseases, but not refractive error & other eye-related cosmetic surgeries.

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Malaysia Ophthalmology Market

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Global Dental Services Market Is Growing At A CAGR Of ~% In 2017-2022 And Is Expected To Reach ~USD Bn By 2027 – Ken Research

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What Is The Size Of Global Dental Services Industry?

The Global Dental Services Market is largely driven by growing awareness about dentistry among people, the rising prevalence of dental caries & other periodontal diseases, and technological developments in dentistry.

The increasing prevalence of tooth disorders is one of the key factors responsible for driving the global market growth. Tooth decay, periodontal disease, and malocclusion are the key disorders contributing to the increased demand and adoption of a wide range of implants, prosthetics, and intraoral scanners.

The Dental industry is experiencing a growth as a result of rising public awareness and a rise in the number of people choosing to improve their dental aesthetics. The industry has expanded rapidly as a result of public awareness of dental implant technology and treatments.

Artificial intelligence (A.I.) and machine learning (ML), which are examples of digital technology, have improved acceptance of innovative items in the market. Another important development in the industry is the application of robotic engineering to dental operations. The future norm in implantology will soon be less invasive, robot-assisted surgery.

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Global Dental Services Market By Type Of Services

The Global dental services market is segmented by type of services into Orthodontics, Periodontics, Endodontics, Cosmetic Dentistry, Prosthodontics, Implant ology and Others.

On the account of escalating demand for cosmetic and dental implants hold the major share of global dental service market while cosmetic dentistry is the fastest growing segment owing to correct imperfections in the appearance of the mouth.

Global dental services Market by End Users

The Global dental services market is segmented by Dental Clinics and Hospitals.

The dental clinics segment dominated the industry and accounted for the maximum share of more than half of the overall revenue. The segment is projected to expand further at the fastest growth rate maintaining its leading position throughout the forecast period.

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report 

• Dental Service Providers
• Dental Equipment Distributors
• Dental Equipment Manufacturers
• Dental Clinics
• Hospitals
• Healthcare Companies
• Pharmaceutical Companies
• Tourism Agencies
• Government Bodies & Regulating Authorities
• Existing dental service providers
• New Market Entrants
• Investors
• Dental care Associations

Time Period Captured in the Report

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

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Global Dental Services Market

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Global E-Learning Market Is Growing At A Double Digit CAGR In 2017-2022 And Is Expected To Reach USD 400 Bn By 2027 – Ken Research

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What is the Size of Global E-Learning Industry?

The Global E-Learning Market is largely driven by demand for internet-enabled devices like IOT (Internet of things), growing need for strong workforce skills and significant demand for individual-focused learning experiences.

Global E-learning Market is at a growing stage. It is a fragmented market with the presence of many e-learning companies. The e-learning market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform.

Few major global e-learning players are Aptara, Inc, Adobe Systems Inc, Cornerstone, Citrix Education, Meridian Knowledge Solutions, Microsoft Corporation etc. The highest growth is expected from the majorly populated APAC region. The high growth rate can be attributed to many middle-income groups in developing countries like India, a preferred market for vendors.

An increase in internet and smartphone penetration is the fundamental driver of e-learning market growth. The cloud segment is leading the industry globally and is expected to register the fastest CAGR over the foreseen period.

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Global E-Learning Market By Provider

The Global E-Learning market is segmented by Provider into Service Provider and Content Provider. Service Providers were the most dominant form of provider used in Global E-Learning market in 2022.

Global E-Learning Market by Course

The Global E-Learning market is segmented by Course into Primary and Secondary Education, Higher Education, Online Certification and Professional Course and Test Preparation. Primary and Secondary Education was the most preferred form of course in 2022 in Global E-Learning market.

Global E-Learning Market by Deployment Model

The Global E-Learning market is segmented by Deployment Model into On-premise and Cloud. Cloud was the most dominant in 2022.

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Global E-Learning Market by End User

The Global E-Learning market is segmented by End User into Academic, Corporate and Government. Academic held the major market share in Global E-Learning market in 2022.

Global E-Learning Market By Region

The Global E-Learning market is segmented by Region into North America, Europe, Asia-Pacific and LAMEA. North America held the majority of the share in the Global E-Learning market in 2022.

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Global E-learning Market

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Global Ecommerce Logistics market is growing at a CAGR in double digit in 2017-2022 and is expected to reach ~950 USD Bn by 2027 – Ken Research

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What is the Size of Global Ecommerce Logistics Industry?

The Global Ecommerce Logistics Market is largely driven by the fast-growing E-commerce ecosystem, aggressive investment in modernizing the infrastructure and the influx of investments from different companies and governments.

 The growth of the ecommerce logistics market can be attributed to several factors. Firstly, the rising adoption of ecommerce platforms by consumers across the world has led to increase in demand for fast and reliable delivery services. With the rise of online marketplace like amazon, Alibaba and eBay, consumers expect to receive their orders quickly and without any delays.

Secondly, advancement in technology have enabled ecommerce logistics providers to improve their operations and offer more efficient services. Innovation such as autonomous vehicles, drones and robotics have the potential to revolutionize the logistics industry and reduce delivery times and cost.

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Furthermore, Covid-19 pandemics has accelerated the growth of the ecommerce logistics market, as consumers have shifted to online shopping to avoid any physical stores and minimize the risk of infections.

This trend is expected to continue even after the pandemic as many consumers haven become accustomed to the convince of online shopping and are likely to continue using ecommerce platform in the future.

Global Ecommerce Logistics Market by type of Shipment

The Global Ecommerce Logistics market is segmented by type of shipment into Domestic and international shipments. In terms of market share, Domestic shipment account for the majority of the market share in global ecommerce logistics market in 2022.
However international Shipment are also played an significant role in global ecommerce logistics market, with the growing number of consumers and businesses engaging in the cross-border ecommerce transactions.

Global Ecommerce Logistics Market by time Duration

The Global Ecommerce Logistics Market is segmented by Time Duration into Same Day, 2-4 days and more than 4 days.

The 2-4 days segment accounted for the highest market share in 2022. This is due to the increasing demand for fast and reliable delivery services.

Same day delivery is also an emerging category and is expected to dominate the market share in the global ecommerce logistics market.

Global Ecommerce Logistics Market by Mode of transport

The Global Ecommerce Logistics market is segmented by Mode of Transport into Ground and Air & Sea.

Ground dominates the global ecommerce logistics market in 2022. Followed by air & sea. It is expected that air & sea segments market share will grow but the market still be dominated by ground mode of transport in the future.

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Global Ecommerce Logistics Market by Payment Method

The Global Ecommerce Logistics market is segmented by Payment method into Cash on Delivery and Online Payment.

Online payment method dominated the Global Ecommerce logistics market in 2022 and is expected to dominate in the future because of the growing digitalization.

Global Ecommerce Logistics Market by Orders

The Global Ecommerce Logistics market is segmented by order into Accepted orders and rejected orders. Accepted order dominates the market in 2022, however rejected orders are also increasing which is a major concern for the industry.

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Global Ecommerce Logistics Market

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KSA Fitness Centre’s generated over $800 Mn in revenue in 2020. Can the KSA fitness industry sustain it? : Ken Research

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1.  People in KSA, regardless of their age participate in Fitness Activities such as Walking, Cycling, Running or have a membership at a Fitness Center

Click to Read Article: KSA Fitness Services Market

Children and Adolescents Aged 5-17 Years

• 50-60 mins (1 hour) or more of moderate-to-vigorous intensity physical activity on a daily basis.
• Boys usually prefer outdoor activities such as Cycling, Soccer, Basketball while girls prefer indoor activities such as gymnastics, swimming, and others.

 Youth & Working Professionals Aged 18-39 Years

• At least 150-300 minutes a week activity are carried out and are usually driven by Expat population.
• Moderate to high intensity activity such as Cardio, Weight Training, Aerobics and Swimming.
• $300-$800 is the average spending by Youth & Working Professionals Aged 18-39 Years.

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 Middle Age Working Population Aged 40-64 Years

• At least 120-200 minutes a week of moderate to low intensity activity are carried out
• Low intensity activity such as Walking, Strength Training and Yoga to manage work, stress and sedentary lifestyle.
• $700-$1,200 is the average spending by Middle Age Working Population Aged 40-64 Years.

Older Adults Aged 65+ Years and above

• At least 90-150 minutes a week of activity are carried out to develop immunity.
• Low Intensity workouts such as Walking and Yoga are carried out.
• 1,000-$1,700 is the average spending by Older Adults Aged 65+ Years and above.

2. The Fitness Industry in KSA contributed 0.11% of GDP Revenue in 2020 employing a Total of 18,968 people in all types of Fitness Centre Establishments

 

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• Urban Population growth (1.8% in 2020) along with increase in consumer spending (10.1% increase from 2015)¹ has significantly led to increase in average number of members per fitness centers.
• Virtual access or ‘workout from home’ offered by gyms and fitness studios are on the rise. Personal Trainers have acquired revenue share of slightly over 20%+ in the total Saudi Arabia fitness services market size.
• The market will benefit from the opening of more five-star properties or the growth of existing star hotels like Radisson and Hyatt. In the Kingdom of Saudi Arabia, over 163 hotel projects with 72,617 rooms (91 Four Star Hotels and 72 Five Star Hotels) will debut.

Global Data Centre And Cloud Service Market Is Growing At A CAGR In Double Digit In 2017–2022 And Is Expected To Reach ~450 USD Bn By 2027 — Ken Research

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What Is The Size OF Global Data Center And Cloud Service Industry?

The Global Data Center and Cloud Service Market is largely driven by owing to the new government policies like tax exemption, influx of huge investments from various companies and governments, digitization in IT sector, high density demand of end-users and young tech savvy population.

 The growth of the Data Center and Cloud Service market can be attributed to several factors. Firstly, the rising adoption of ecommerce platforms by consumers across the world has led to increase in demand for fast and reliable delivery services. With the rise of online marketplace like amazon,

Secondly, advancement in technology have enabled Data Center and Cloud Service providers to improve their operations and offer more efficient services. Innovation such as autonomous vehicles, drones and robotics have the potential to revolutionize the logistics industry and reduce delivery times and cost

Furthermore, Covid-19 pandemics has accelerated the growth of the Data Center and Cloud Service market, as consumers have shifted to online shopping to avoid any physical stores and minimize the risk of infections.

This trend is expected to continue even after the pandemic as many consumers haven become accustomed to the convince of online shopping and are likely to continue using ecommerce platform in the future.

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Global Data Center and Cloud Service Market by type of Data Center

The Global Data Center and Cloud Service market is segmented by type of Data center into Colocation, Managed and Hyperscale. The co-location data center dominated the global data center and cloud service market in 2022.

The dominance of the colocation in the data center market can be attributed to factors like highly scalable and offers a wide range of services, from basic space and power to advance connectivity and managed services.

They offers high level of security and reliability with multiple layers of physical and digital security measure in place to protect customer data.

Global Ecommerce Logistics Market by Type of Co-location

The Global Data Center and Cloud Service Market is segmented by type of Co-location into Wholesale and Retail. Wholesale Co-location dominated the global data center and cloud services market in 2022.

The Dominance of the wholesale colocation segment can be attributed to several factors, like they provide a cost effective way for large enterprises and cloud service providers to build and manage their own data centers without the upfront capital cost and ongoing operational expenses.

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Global Data Center and Cloud Service MARKET by type of cloud services

The Global Data Center and Cloud Service market is segmented by type of cloud services into Infrastructure as a Service (IaaS), Software as a Service (SaaS) and Platform as a Service (PaaS).

Global Data Center and Cloud Service MARKET by Region

The Global Data Center and Cloud Service Market is segmented by Region into North America, Europe, Asia-Pacific, Middle East & Africa and South America.

North America region dominated the global data center and cloud service market in 2022. Followed by Asia- pacific region which is expected to dominate in the future.

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Global Data Center Market

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The Indonesia Plastic Pipes Market is growing owing to infrastructure, government initiatives, high demand and urbanization: Ken Research

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Focus on water supply and irrigation, industrial & mining, energy industries, wastewater, residential and non-residential construction activities are major factor contributing towards development of Plastic Pipes Market in Indonesia.

Growth in Agricultural Sector and Residential Projects: Indonesia is one of the major producers and exporters of agricultural goods in the world, providing the rest of the world with valuable products including palm oil, natural rubber, cocoa, coffee, rice, and spices. The need for plastic pipes comes from the agricultural sector. On the other hand, the real estate industry in Indonesia has expanded during the past few decades. In 2021, the GDP of Indonesia benefited from the real estate industry more than any other sector, with a contribution of more than 2.7%. It increases demand for the sewage system, water supply, and power.

Investments In Water Supply: The improvement of access to clean water is a top priority for the Indonesian government. For the purpose of resolving concerns relating to water, WHO Indonesia worked in conjunction with National Development and Planning, the Ministry of Public Works and Housing (MoPWH), and the Ministry of Health (MoH).

Waste Created from Plastic: Plastic is contaminating natural systems, such as rivers and oceans, because it does not decompose naturally. A large amount of greenhouse gas emissions is produced during all phases of the plastic value chain during the production, use, and disposal of plastics. In Indonesia, there are 64 million tons of plastic trash generated annually. Plastic debris that is poured into the ocean weighs a total of 3.2 million tons.

Standing Out from Competitors: Given that there are more than 55 plastic pipes manufacturers in Indonesia, it can be difficult for them to stand out from the crowd. These pipe manufacturers are capable of delivering the best quality; therefore, producers must strive to maintain a competitive advantage by manufacturing goods of the highest caliber for their customers.

Analysts at Ken Research in their latest publication “Indonesia Plastic Pipes Market Outlook to 2027- Driven by increase in housing, high rise real estate development and establishment of new capital city in Indonesia” observed that Plastic Pipes Market in Indonesia is at a growing stage. The rising government policies and demand for PVC pipes, infrastructural development along with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at an 7.3% CAGR during 2022-2027.

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Key Segments Covered in the report:

Indonesia Plastic Pipes Market

By Type of Plastic Pipe

• PVC
• PE
• Others

By Type of PVC Pipe

• UPVC
• CPVC
• PVC-O

By Type of PE Pipes

• HDPE
• MDPE

By Market Structure

• Organized
• Unorganized

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By Domestic Sales/ Export

• Domestic Sales
• Exports

By Type of End Users

• Water Supply and Irrigation
• Industrial & Mining
• Sewage
• Electricity
• Others

Key Target Audience:

• Plastic Resin Suppliers
• Plastic Pipe Manufacturing Companies
• Oil and Gas Industry
• Government Bodies
• Real Estate developers
• Agriculture Sector Companies

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Time Period Captured in the Report:

• Historical Period: 2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

Companies Covered:

• Pralon
• Wahan Duta Jaya Rucika
• Vinilon Group
• Pt Langgeng Makmur Industri Tbk
• Maspion Kencana
• George Fisher Piping Systems
• Unilon
• Power Pipe and Fittings
• Wavin
• Triliun
• Alderon
• Denya (PT. Sinar Utama Nusantara)
• Intilon
• Supralon
• Aqualon (PT Cipta Anek Agung)
• Inoac
• Westpex (PEX and Conduit also)
• Toro (Cahaya Selatan International)
• Hoco
• Lesso Indonesia
• Finnlon (PT. Indrasari Kencana)
• Indopipe
• Sumber Djaja Perkasa (Hexalon PVC)
• PT Shuanglin Pipe Indonesia
• Pipamas Primasejati
• Tjakrindo Mas (Brands are-Supralon, Excellon, and Supramas)
• Argantha Jaya Globalindo
• Alva Pipe (HDPE)
• PT Bangun Indopralon Sukses (Brands- Mpoin+, Pipaku)
• Dinamika Sinergi Mitratama
• PT HK Metals Utama Tbk (PT Rasa Langgeng Wira- VORZA)
• Inti Prima Electrinda
• PT Invilon Sagita
• PT Duta Dynasti
• Lingkar Matra
• Lestari Putra Sentosa (Brand- Metrovin)
• PT Mepoly Industry Corp

Key Topics Covered in the Report:

• Market Overview of Indonesia Plastic Pipes Market
• Market Segmentation of Indonesia Plastic Pipes Market
• Porter’s Five Force Analysis and Demand Drivers of Indonesia Plastic Pipes Market
• Emerging Trends and Challenges of Indonesia Plastic Pipes Market
• Regulation in Indonesia Plastic Pipes Market
• Competition Framework of Indonesia Plastic Pipes Market
• Future Outlook of Indonesia Plastic Pipes Market
• Analyst Recommendation
• Industry Speak

For More Insights On Market Intelligence, Refer To The Link Below: –

Future Outlook of Indonesia Plastic Pipes Market

Related Reports by ken Research: –

China Plastic Pipe Market Outlook to 2027F

Brazil Plastic Pipes Market Outlook to 2027F

Australia Plastic Pipe Market Outlook to 2027F

Neo-banks have reached over INR 1200 Cr. in India, but will the lack of “regulation” sink the boat of this market?: Ken Research

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Indian Neo-banking Industry has been growing exponentially with a CAGR of 136% between FY’17 and FY’21 owing to the increasing adoption of Fin-tech in the country.

1. Rising spending on Personal, Financial Services, and Insurance with a CAGR of 10.3% has created a path for technology and innovation to tap the financial services market in India.

Click to Read the Full Article: Indian Neo-banking Industry

The financial service sector is picking up pace in India due to the increasing internet penetration, advancement in technology, and changing spending patterns with the rising young population in the country. Spending on Personal, Financial Services, and Insurance has risen from 19000 Crores in 2018 to 28000 Crores in 2022. This has given positive momentum to innovations like neo-banks to enter the banking market in India.

2. As a result of the ongoing fin-tech revolution, the Neo-banking sector is proliferating in India but its growth spiked in 2021 due to the pandemic.

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High dependence on technology and social distancing rules during the global pandemic has pushed consumers to shift to digital banking from traditional banking to satisfy their monetary necessities. As a result, the Neo-banking industry saw a huge surge in market size, especially in 2021. The market grew at an exponential rate of 100% from 2017 to 2022. The increase in internet penetration, the opening of new neo-banks, and customer awareness are some of the other major reasons for the growth.

3. The exponential growth of the neo-bank in India has driven more than $420 Mn investment in the market by potential investors.

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As per Ken research observation, more than $420Mn have been invested by various funds and investors in the Neo Banking Industry which has further fuelled the growth of this market. Majority of the funding came from Venture Capitalists led by Sequoia Capital, Matrix Partners, Hmmingbird Ventures, Greyhound Capital, Tiger Global Management, Y Combinator, and more. A few of the prominent angel investors were Utsav Somani, Sanjay Swamy, and Bhaskar Majumdar.

4. Now the catch is, even after the impressive performance, the neo-bank still doesn’t have license in India. So, will it affect its growth in the future?

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The neo-bank has received banking license globally. But in India, it is yet to receive specific license. Here, they are not directly regulated by Reserve Bank of India. Therefore, they partner with licensed banks, NBFCs, and other financial institutions to provide financial services through their digital platforms. This lack of clarity in regulations is one of the key pain points of the industry. However, RBI has shown activeness with regard to regulations, and the regulations seem to be clearer going forward in the industry. Meanwhile, the collaboration strategy with legal financial entities and rising investments in the sector will keep the boat of neo-bank stay afloat in the Indian market and register positive growth in the coming years.

Cybersecurity Market Revenues Growing at CAGR of 17.4%, Will Vietnam able to sustain it? : Ken Research

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About 66% of Vietnam’s 70k+ websites are estimated to be infected with viruses/malware. The government is playing a vibrant role in propagating the importance of having a secure cybersecurity infrastructure in organizations.

1. Cyberattacks have a huge financial impact on Vietnam's economy

Click to Read Full Article: Vietnam Cybersecurity Market

• 3% Companies in Vietnam that faced 24 hrs. or more of downtime after most severe breach; Global figure: 4%

• 2% Proportion of computers affected by dangerous viruses in Vietnam, 3x the global average

• Vietnam’s global rank 6th in number of local cyber threats

• 75 Mn # of Internet-borne cyber threats in Vietnam in 2019

2. Phishing majorly affects all the computer systems in Vietnam, thus boosting the market.

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• 7% of Mobiles infected with Malware in 2022 only.
• 7% of Attacks by Crypto miners in the year 2022.
• 5% of Users affected with Financial Malware Attacks and around 12% of Computers infected by Malware.
• 0% of organizations in Vietnam receive up-to 5,000 security alerts daily, while 29.0% 5receive more than 50,000 daily.

3. Why Cyber Threats in Vietnam are rising at unprecedented rates?

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• Rise in number of devices available per person, weak organizational information security infrastructure.
• Political Disputes with neighbouring China, downloading of Themes/Plug-ins from Suspicious Sites and outdated Website versions & operating systems.
• Insufficient Human Resource Potential: Vietnam faces a challenge of limited number of cyber experts in the country, because of which the product ecosystem is dominated by foreign enterprises in cybersecurity
• Limited Cybersecurity Awareness: Lack of technical knowledge about information security & its importance is one that plagues organizations in Vietnam
• Budget & Maintenance: Allocation of funds towards information security is always a challenge in organizations in Vietnam.