Asia's Showbiz Spectacle: The Booming Media and Entertainment Market: Ken Research

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The Asia media and entertainment market is a dynamic and diverse industry encompassing digital streaming, gaming, film, music, and more, driven by technological advancements and growing consumer demand.

STORY OUTLINE

• Digital Content Dominance: Subscription-based streaming grows, original content invests, and regional curation expands, reshaping Asia's entertainment market.

• Thriving Market Opportunities: Dynamic and expanding industry invites businesses to embrace tech and cater to localized content preferences in the competitive Asian landscape.
• Tech-Driven Innovation: AR elevates theme park experiences, AI personalizes content, and blockchain transforms gaming transactions in Asia.
• Mobile Gaming Revolution: Mobile titles dominate Asia's gaming scene, with unique monetization models tailored to regional preferences.

1. The New Era of Media: Digital Content Reigns Supreme

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Increased Subscription Revenue: The adoption of subscription-based streaming platforms is expected to rise significantly, leading to substantial revenue growth for companies providing on-demand digital content.

Original Content Production: Content creators and streaming platforms will continue investing in original programming to differentiate their offerings and attract and retain a loyal subscriber base.

Content Localization: Streaming platforms will focus on curating content specific to individual Asian markets, catering to linguistic and cultural diversity and expanding their regional audience reach.

2. Level Up: Gaming and Esports Expand their Domains

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Mobile gaming is the largest and fastest-growing segment in the Asia gaming market. With the widespread adoption of smartphones and increasing internet penetration, mobile games have gained immense popularity across the region. Games such as PUBG Mobile, Garena Free Fire, and Honor of Kings have attracted millions of players, driving the growth of the mobile gaming market.

The popularity of mobile gaming will continue to rise, with mobile titles dominating the gaming market and reaching a massive audience across Asia. In the Asian market, game monetization models often diverge from those in Western markets. Free-to-play games with in-app purchases and microtransactions have gained immense popularity, enabling players to access games without any initial cost while providing the option to make voluntary purchases for virtual goods, cosmetics, and extra features. The localization of these monetization models takes into account the preferences and spending habits of Asian gamers.

3. Pioneering the Path to Technological Advancement

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Augmented Reality in Theme Parks: Theme parks will integrate AR experiences into rides and attractions, providing visitors with interactive and immersive entertainment.

AI-powered Content Recommendations: Streaming platforms will employ artificial intelligence to personalize content recommendations based on user preferences, increasing user engagement.

Blockchain in Gaming: Blockchain technology will be adopted to introduce secure in-game transactions, ownership of digital assets, and decentralized gaming platforms.

The Asia entertainment and leisure market is embracing the digital era, with subscription-based streaming, original content, and localization driving media growth. Mobile gaming's dominance and unique monetization models further boost the gaming sector. Pioneering technological advancements, including AR, AI-driven content recommendations, and blockchain in gaming, promise enhanced user experiences and industry evolution. The market's dynamic expansion and projected remarkable growth present lucrative opportunities for businesses to thrive in the vibrant Asian landscape, as it continues to captivate audiences with diverse and innovative entertainment offerings.

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

• Media Companies
• Entertainment Companies
• Advertising and Marketing Agencies
• Content Creators and Artists
• Technology and Service Providers
• Potential Market Entrants
• Mechanical Repair Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2018-2022
• Base Year: 2022
• Forecast Period: 2022-2027

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

Asia Media and Entertainment Market

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US Online Advertising Market Outlook to 2025

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US Game Streaming Market stand at $ 150 Bn in 2022. Will it be able to climb the ladder of Global Market Index?: Ken Research

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The recent growing vast network of gamers, with the wake of Covid-19, game streaming has become a strong income for the game companies, which in turn leads to a growth to the market. Since 2020, market for game streaming is rising by ~11%, leading to a steady growth in selling of gaming consoles to selling games through online libraries.

STORY OUTLINE

• The US Game Streaming market is flourishing monetization to ensure the growth of gamers, especially the game streaming industry.
• Adoption of Streaming applications and an increase in internet penetration has marked the growth in this market.
• A great increase in high end computers and consoles, leads to a high engagement towards gaming and E-sports.
• Games Market is also marking the growth of Game Developing Companies.

1.The US Game Streaming market is flourishing monetization to ensure the growth of gamers, especially the game streaming industry.

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• Gaming Industry has a particular revenue model that lets them earn seamlessly, providing safety via online transaction, marking a rise in the growth percentage.

For the game streaming industry to rise the Game developing companies need to flourish first. They have six different types of revenue models which makes the growth spike every month.

• Revenue models exploited by the game developing companies for paid games are:

1. Subscription Model- Which allows players to subscribe to the game or content in order to access it, making a revenue for the owner, per subscriptions.
2. Paid Games for Order- Which allows players to buy the game into their online or digital libraries like Steam, Origin, etc. allowing individuals to keep the game to them once bought.
3. Premium Model- It is a group of games that have a premium set of contents that needs to be bought using real money, which are sent directly to the owner, leaving 5% of the amount with the company.

• Revenue models for the companies selling free-to-play games, are:

1. a) Freemium- This is a certain model which allows the players to download a free to play games, but it will have certain advertisements in between, which once viewed generates a revenue and is transferred directly to the account.
2. b) Battle pass- This is a separate section of content that can be brought using real money, present mostly in the free to play games. Almost 40% of total gamers go for buying battle pass as once bought, it offers currency to keep the pass going even when a season ends.

• All these revenue model strive for an increase in the revenue generated from the number of people actively taking part in the games. Approximately 2 Bn gamers are actively participating in the gaming industry, making the market grow.

According to Ken Research, the rise in the Game streaming market came to rise like a flood owing to the wake of Covid-19. This first stage of a global pandemic shook the people restricting them to their homes, with almost 90% of the population not able to do anything other than stay at homes.

A steady decrease in the employment was recorded for the year, but with it a certain percentage of people rose to keep the income coming, known as “Gamers”.

 From teenagers to adults, girls to boys, many rose to invest their time in gaming, especially Competitive Games, which allows many players to team up at one time, making the engagement much more interactive.

With a current market size of $150 Billion in 2022, due to increased people streaming, the market is expected to grow exponentially in the upcoming year.

• A gradual increase in high-end parts for computers, high end consoles (like PS and Xbox) and thousands of games selling on online game libraries are making people come out of the stereotypic buying and reselling, and keeping the games to them forever with secure digital payments, like PayPal etc.

This resulted in gamers to showcase their games online, trying to get global recognition, with at least 55% of streamers active and earning by 2021. With websites like YouTube, Twitch, Facebook etc, people gets to broadcast their skills in an online platform with a subscriber and viewer model of payment.

• This rise in streaming has marked a rise in the growth of the budget in which companies like Twitch benefit from streamers, rising every year. Every streamer playing a game, lets the owner of the game earn a revenue while he is playing.

The games that have advertisements, such as the mobile games, have a subscription and in-app purchases model of monetization. Every individual opening the advertisement will let the owner of the game earn a certain percentage of money allowing them to grow.

While the in-app purchases are allowing players to buy in-game cosmetics, like ‘skins’, ‘agent dialogue package’, ‘emotes’, etc. which make their game playing look different than normal users and make their stream gain viewers and relative subscribers, resulting in an overall growth of the market.

2.Adoption of Streaming applications and an increase in Internet penetration has spiked the growth in this market.

• Streaming requires high end computers and cameras. A streamer has to set his setups and also make a place amongst the game communities to get proper views for the particular game he/she is streaming at that moment.
• Almost 40% of the online communities out there on online, social platforms are gamers, which enthuses every other gamer to stream and showcase their skills, leading for game streaming companies like Twitch, YouTube, GameCaster etc. to flourish due to people’s engagement.
• Total global population as of present times is 8 Billion people, among which almost 64% of the total are having an internet connection at their home, with Northern Europe ranking first with 97% Internet Penetration, and among the total population almost 41% of them are gamers with high-end internet connection and stations to play. This significantly marks the growth pillar where people from diverse nations are buying game, game content and earning by streaming or recording video content.
• Total of 60% of US population are gamers in today’s time and due to the presence of high end parts of computer and consoles. Live streaming has become a necessity for every gamer out there, streaming every other days in a week. With more high end computers and technologies being invented people’s engagement is increasing making the market grow.

3.A great increase in high end computers and consoles, leads to a high engagement towards gaming and E-sports.

 

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• Gamers are equally spending on the parts and physical hardware, leading to an equal growth of the computer hardware stores, spiking their growth as well. The US computer hardware market has grown significantly than what it was. At present time, the gaming industry is pushing its limits and spread its chain networks to more distant countries where games are not yet available in that quantity like China, Belgium, etc.
• For the non-availability of games in certain country, gaming communities came up with a new opportunity called “E-Sports”. This is a community of gamers who come together to setup tournaments and awareness about the rising games by holding live streams and podcasts just for games, so that people from different parts get to know about this and learn to engage more.
• A small entry fee is taken, which is not considered to be a matter of concern for most of the gamers. Once even participated, people will know that person and will have a viewer’s system for their streaming, leading for the streamer to stream more and generate more revenue, for that company in turn to flourish more with more active users.

4.Game Streaming marks a rise of awareness for people to engage more towards Games.

• Streaming has always been a best way for gamers to show their skills in a particular game. Above 20% of gamers in a particular community are well paid streamers, who earn at least $2000 a week, calculating to be a higher percentage of revenue annually.
• Celebrities and influencers like SenTenz, ACEU, IitzTimmy, and SHROUD etc. broadcast their games and teach other players how to master their own skills in the games, and how to be a better streamer in order to get more views and subscriptions. A 7% rise in the streamers are seen with such influencers posting or live streaming about topics like this, prospering and fueling other gamers.
• With the rise in streaming amongst communities, every gamer soon aspires to become a streamer, activating their monetization facilities and earn generated revenue. This makes a possible permanent player in this market, who will consistently earn and increase viewer’s engagement as well, resulting in an overall growth.

CONCLUSION

According to Ken Research, game streaming industry rises along with gaming industry, with the new technological advancements, heavier than usual internet penetration and larger human engagement towards this industry, leads to an overall growth in the market, leading to new streamers every month, who in turn gradually increase the streaming market’s revenue generated annually, and is growing ~11% annually.

Unveiling the Power of Robotics and Automation to Revolutionize Industry: Ken Research

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This piece uncovers the global industrial robotics market's ongoing interest, as companies exhibit significant confidence in automation and allocate a substantial portion of their capital spending to it

                                                              Storyline

1. Automation Trends: Retail & Logistics Lead Investments
2. Balancing Automation: Routine vs. Complex Tasks
3. Advantages & Limitations of Automation
4. As per Ken Research, the pros & cons of the industry trends have to be kept in mind by the industry players before diving too deep in the water.

Companies across the industrial world are showing significant confidence in robotics and automation, with many of them allocating a substantial portion of their capital spending, approximately 25 percent, over the next five years towards automated systems. Industrial-company executives anticipate various advantages, including improved output quality, enhanced efficiency, and increased uptime. Despite the optimistic outlook, there are still apprehensions among some executives. In this piece, we uncover the ongoing interest in the global Industrial robotics market.

1. Retail and Consumer Goods Lead the Automation Charge, While Logistics and Fulfillment Embrace the Robotic Revolution!

Read More: Global Industrial Robotics trends

Among the industrial sectors surveyed, the biggest spender on automation over the next five years is poised to be retail and consumer goods, with 23 percent of respondents from that sector planning to spend more than $500 million. That compares with 15 percent in food and beverage and 8 percent in automotive. On the other hand logistics and fulfillment players, automation will represent 30 percent or more of their capital spending in the next five years—the highest share among industrial segments surveyed.

2. Navigating the Automation Frontier: Unraveling Routine Tasks while Pioneering Human-Driven Complexities

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Certain aspects of productive activity present themselves more readily to automation, with routine tasks being the most suitable candidates, some of which include picking, packing, sorting, movement from one point to another, and quality assurance, which have already undergone partial automation and are expected to receive substantial investment in the future. On the other hand, activities demanding significant human involvement, such as assembly, stamping, surface treatment, and welding, are less likely to be automated in the short to medium term.

3. Embracing the Machine Age: Unleashing the Power of Automation for Smarter, Safer, and Speedier Operations

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Automation offers several advantages where operations can be automated, including increased speed and higher production capacity, along with the ability to maintain high-quality standards. Additionally, companies can experience cost savings, improved operational uptime, and enhanced safety measures. However, it's important to note that automation may have limited positive impacts on environmental and sustainability factors. While automation can optimize processes and reduce waste in some areas, its overall influence on environmental aspects may not be as pronounced as other benefits.

                                                          Conclusion

The survey depicts the journey towards automation is highlighted as far from simple. As per ken Research, participants point out two primary hurdles to adoption - the capital costs associated with robots and a general lack of experience within companies regarding automation, cited by 71% and 61% of respondents, respectively. Surprisingly, low business confidence in technology leads to challenges related to conviction and funding.

Another interesting revelation is that respondents' expectations of increased production and reliability through automation are tempered by concerns that such gains could result in job loss and impact existing contracts. However, it's essential to clarify that automation typically leads to changes in workplace roles rather than outright redundancies.

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

Industrial Robotics Market

Mattel or Hasbro: Will the long-term Rivalry turn into a partnership or Vice-Versa?

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Hasbro and Mattel, the leading players in the KSA toy market, dominate as the top toy giants, captivating children and competing fiercely for market dominance. With Hasbro's revenue of USD 1324.4 Bn and Mattel's revenue of USD 2312.5 Bn, there exists a substantial difference of approximately USD 980 Bn between the two companies. However, the distinction goes beyond just revenue figures. Examining their market reputation, investment landscape, and analyst preference provides a broader perspective of the industry landscape. Discover more about these toy industry leaders below.

1. A long history of trials & error with KSA: Mattel's Barbie Backlash and Hasbro's Safe Play in KSA

 

KSA Toy Market Dynamics:  Click Here

When Hasbro first penetrated KSA’s toy market, Mattle was already on its way up, generating a decent revenue & expanding the market size. On one hand, Mattle has had a bitter-sweet relationship with GCC countries. For instance, Barbie which has been Mattle’s flagship product for over 60 years faced a substantial backlash when it entered the Middle East in 1990s, mainly because of violation of Islamic dress code but the effect on the overall sales was not as much as one would have anticipated.

As per an article published by Arab News, “Even temporary bans — in 1995 and 2003 — have failed to dim her appeal in the Kingdom.” Hasbro on the other side, has adopted the policy of, ‘play safe’ when it comes to KSA but has had other controversies on a global scale.

2. Exploring New Frontiers: Hasbro's Digital Expansion and Mattel's Operating Challenges in the Evolving Investment Landscape

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Hasbro and Mattel both have been focused in recent years on diversifying their revenue bases beyond traditional toys. Hasbro has been investing in digital gaming in order to expand its presence & go with the trend.

According to company’s CEO Chris Cocks, “low barrier-entry digital experience is really going to be kind of the flywheel that drives the brand’s growth over the next couple of years,” The company’s first quarter operating profit as per its official website, “amounted to $17.9 Mn and adjusted operating profit of $47.2 Mn.”

The brand has also signed a second licensed agreement with SEVEN to develop the world’s first transformers indoor entertainment center in Saudi Arabia which according to, Zawya, “will offer thrilling and highly immersive experiences for people of all ages.” Mattle on the other hand, recorded an operating Loss of $115 Mn, a decrease of $195 Mn & adjusted Operating Loss of $87 Mn, a decrease of $177 Mn.

The combined viewpoint of the market experts seemed to be the one of dilemma. As per Morningstar analyst Jaime Katz, "Expectations are pretty tepid given that the year (2022) ended in a less favorable-than-anticipated way. I don't think that this is going to be a banner year for the toy industry by any means.”

3. The Future of Hasbro and Mattel in the KSA Toy Market: A Dynamic Rivalry and Collaborative Potential

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With a series of investments & partnerships with other players such as Al Hokair Group, Hasbro’s future in the kingdom looks decent enough for a robust growth. On the other hand, Mattle definitely has consumer preference when it comes to product quality & its flagship products like Barbie.

The two brands have been in an on-off relationship with each other. For instance, as per an article published by Forbes, “Rivals Mattel and Hasbro, for the first time, have entered into a multi-year licensing agreement to create co-branded toys and games.” Before this, an offer was made by Hasbro to acquire Mattle in 2017 & much before that in 1990s, both of which were rejected by the latter.”

As per our views at Ken Research, both the brands have their own USP’s, the advantage of which is expected to be availed by the other as a result of their new agreement. The rivalry for market dominance in KSA will however continue.

Nigeria data center market is expected to generate more than USD ~280 Mn by 2027 owing to the investments happening in hyperscale and co-location services and increasing internet penetration: Ken Research

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Ecosystem of Nigeria Data Center Market

The Nigeria Data Center industry is consolidated with top players holding more than 70% market share. The players compete with each other on the basis of number of data centers, IT load, gross floor area, total white space, number of racks, geographical presence, etc.

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Key Market Findings:

• Nigeria is promoting a fully digital economy by 2030 through the National Digital Economy Policy and Strategy (NDEPS 2020-2030).
• The growing fintech and startup ecosystem needs dynamic data centers to survive. So far, many of these companies host their data offshore, as reliability and scalability concerns have forced companies to look elsewhere.
• However, as the attention of international data center operators shifts to the country, the sector will become more robust and reliant on local hosting.

Launch of 5G: The growth of the data center market in Nigeria is owing to the launch of 5G. E-commerce platforms and fintech (financial technology) will greatly benefit from 5G networks. Launch of 5G will strengthen the digital economy in the nation and hereby accelerate growth in data center market.

Nigeria Data Protection Regulation (NDPR): NDPR is a growth driver of data localization initiatives and the increasing development of data centers in the country leading to increased local data storage and computing requirements. Future data center demand, especially from a colocation perspective, will come from sectors such as cloud and large technology companies expanding their operations in West Africa.

Increase Internet Penetration: Improvement in network connectivity, government support, and rapid growth in the adoption of big data, and IoT services have been strong enablers for the growth of the industry in Nigeria. Internet penetration in Nigeria is increasing year over year, which will thereby accelerate data center market in Nigeria.

Analysts at Ken Research in their latest publication “Nigeria Data Center Market Outlook to 2027 - Driven by launch of 5G, internet penetration, increase in investment and government initiatives.” observed that the Nigeria data center market is expected to showcase considerable growth in the coming five years. In the upcoming years, it is predicted to expand more rapidly due to increased internet penetration and the launch of 5G. The Nigeria Data Center Market is expected to grow at robust CAGR over the forecasted period 2022 -2027.

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Key Segments Covered in the report

Nigeria Data Center Market

By Vertical

• Hyper Scale DC
• Co-location DC
• Managed DC

By Type of Co-location

• Wholesale Co-location
• Retail Co-location

By End User

• Telecom and IT
• BFSI
• Government
• E-Commerce
• Others

Key Target Audience

• Data Center companies
• Cloud providers (Domestic and Global)
• Managed data center companies
• Co-location data center companies
• Private Equity and Venture Capitalist
• Industry Associations
• Data Center Constructors
• Technology providers

Time Period Captured in the Report:

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

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

Nigeria Data Centre Market Outlook to 2027

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KSA Seafood and Fish Feed Market Expected to Reach $900 Mn by 2027: Ken Research

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Story Outline

• Population growth fuels the demand for seafood, boosting the fish feed market in KSA.
• Economic prosperity drives preference for nutritious seafood, fueling fish feed market growth.
• Governments Vision 2030 promote aquaculture and sustainable practices, propelling fish feed market growth.
• Health consciousness increases demand for nutritious seafood, driving fish feed market growth.
• Technological advancements improve fish farming efficiency, stimulating the fish feed market in KSA.

The Kingdom of Saudi Arabia (KSA), renowned for its oil wealth and sacred Islamic sites, is emerging as a significant player in the seafood and fish feed market. This transformation is intriguing, given that the desert nation has historically relied on seafood imports to meet its demand.

Several factors contribute to this positive shift, including population growth, a rise in income levels, supportive government initiatives, enhanced health awareness, and industry-specific technological advancements.

According to Ken Research, The KSA Seafood and Fish Feed Market is expected to reach $900 Mn by 2027, currently the market is growing at a CAGR of ~11% in 2022.

5 Major Reason for the Growth of the KSA Seafood and Fish Feed Market are:

1.The Rising Population Tide

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Saudi Arabia's population has been on a steady rise, reaching approximately 35 million in 2021, with an annual growth rate of about 1.59%.

This demographic trend invariably propels a surging demand for food. Given the protein-rich nature of seafood, it's particularly sought after, more so due to the global shift towards healthier dietary habits.

The World Health Organization's dietary guidelines recommend a weekly intake of 280-560 grams of fish.

Applying this guideline to Saudi Arabia's current and projected population, the demand for seafood and, consequently, fish feed, is anticipated to escalate. This population-driven demand creates a robust market for the seafood industry, and by extension, the fish feed market.

In aquaculture, the significance of quality feed is paramount. Efficient growth, health, and productivity of fish heavily rely on their diet.

As the population fuels the demand for seafood, the requirement for high-quality fish feed is set to rise proportionately, paving the way for a thriving fish feed market in KSA.

2.The Impact of Economic Growth on Dietary Preferences

As Saudi Arabia rides the wave of economic prosperity, its GDP per capita has been on an upward trajectory, from $20,813 in 2016 to an estimated $23,566 in 2021. This rising affluence is not just elevating living standards but also transforming dietary preferences.

With higher disposable income, the Saudi populace is exhibiting a growing inclination towards diverse and nutritious dietary choices.

Seafood, rich in essential nutrients like Omega-3 fatty acids and proteins, is progressively becoming a favored choice. This trend has catalyzed the seafood industry's growth and has created a ripple effect on the fish feed market.

The quality and type of fish feed significantly influence the nutritional value and taste of the seafood.

As consumers demand healthier and tastier seafood options, the fish feed market needs to innovate and provide feed solutions that help produce such desired seafood qualities.

Hence, economic prosperity indirectly nudges the fish feed market towards growth and innovation.

3.Major Government Initiatives and Policies

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The Saudi government has been instrumental in facilitating the growth of the seafood and fish feed market.

As part of its ambitious Vision 2030 strategy, the government aims to achieve substantial self-sufficiency in seafood production. The goal is to produce 600,000 tons of seafood by 2030, thereby reducing the nation's dependence on imports.

This target is a catalyst for investments in the aquaculture industry and allied sectors, including fish feed.

Initiatives like these drive the demand for quality fish feed, necessary to enhance the productivity and efficiency of fish farms, thereby fueling the fish feed market's growth.

Furthermore, the Saudi government's commitment to sustainable practices translates into regulations and policies that promote responsible aquaculture.

These policies mandate the use of quality fish feed that ensures optimal fish health and growth while minimizing environmental impact.

The regulatory push for sustainable practices provides a significant impetus to the fish feed market, reinforcing its growth prospects.

4.Increasing Health Consciousness and Its Impact

The global wellness wave is making substantial inroads into Saudi Arabia, and an increasing number of Saudis are becoming conscious about their health and wellness.

They're increasingly seeking nutritious and healthy dietary options, with seafood emerging as a top choice due to its beneficial nutrient profile.

Studies reveal a steady rise in fish consumption in KSA, from 9 kg per person per year in 2012 to 14 kg in 2018. As more people lean towards consuming heart-friendly and nutrient-rich seafood, the demand for healthy and high-quality seafood is intensifying.

This escalating demand indirectly impacts the fish feed market. Fish farmers require high-quality feed to rear healthy fish that meet consumer demands.

Hence, the growing health consciousness and the consequent demand for nutritious seafood promise a strong market for fish feed manufacturers who can deliver on these expectations.

5.Modern Techniques and Fish Feed Innovations

Funds Raised Startups Sea Food Sector KSA

The role of technology in the seafood and fish feed market is pivotal.

Technological advancements, especially in fish farming and fish feed formulation, have improved the industry's efficiency and productivity.

For instance, the use of Recirculating Aquaculture Systems (RAS) enables fish farming in controlled environments, ensuring optimal growth conditions and minimizing disease risks.

The application of AI in monitoring fish health and growth has also enhanced farming efficiency. These modern farming techniques have helped increase seafood production, indirectly escalating the demand for fish feed.

Simultaneously, there's a revolutionary change in fish feed formulation.

Research and development in this sector are leading to new feed formulations that enhance fish growth, health, and yield while maintaining sustainability.

As these technological breakthroughs continue to permeate the industry, the seafood and fish feed market in KSA is poised for significant growth.

Conclusion:

The growth narrative of the KSA seafood and fish feed market is a fascinating blend of demographic, economic, policy-driven, health-conscious, and technology-enabled factors. These drivers are working synergistically to shape a vibrant future for the seafood industry and the closely linked fish feed market.

Promising Solutions Emerge for Vietnam's Exporters Amidst Rising Demand and Limited Cold Storage Space: Ken Research

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Storyline

• Cold storage demand surges as lack of space leads to rising costs.
• Vietnam's cold storage development lags behind agricultural export growth.
• Seafood industry remains the largest user of cold storage facilities.
• As per Ken Research, Flexible solutions like Arctic Super Stores offer hassle-free cold storage options.

The pandemic has disrupted Vietnam's cold chains, presenting hurdles for exporters. Rising demand for cold storage, limited space, and escalating rental costs require adaptable solutions. This article examines challenges faced by exporters, especially in the seafood industry, and explores the increasing need for cold storage. It also discusses Arctic Super Stores as a flexible solution to address evolving market demands.

1. Rising Costs and Space Constraints

Emergent Cold Vietnam Cold Chain Market

As Vietnamese fruits get ready to head for the harvest season, exporters in Vietnam struggle with a scarcity of cold storage facilities in Ho Chi Minh City and neighboring provinces. The limited availability of space has led to a dramatic surge in rental prices, putting a strain on export businesses. This shortage of cold storage capacity has become a significant hurdle to overcome. The story continues every year.

2. Asynchronous Cold Storage Development

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Vietnam's cold storage infrastructure has not kept pace with the growth of agricultural exports, which continue to witness a surge increase annually. Although the country's agricultural product exports reached approximately $41.2 billion in 2020, most of these were raw and fresh items. The low application of cold storage systems for products beyond seafood reveals a disparity in meeting the demand across different agricultural sectors.

3. Seafood Industry Dominates Cold Storage Usage

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The seafood industry heavily relies on cold preservation systems, with a significant portion of cold storage dedicated to seafood products. In contrast, other agricultural sectors have limited adoption of cold chains. A survey conducted by CEL Consulting found that only 8.2% of producers serving the domestic market had proper cold chain systems, significantly lower than the two-thirds of exporters. The existing cold storage facilities in Vietnam are unable to meet the demand, further highlighting the need for expanded infrastructure.

The Conclusion

The increasing demand for cold storage in Vietnam, particularly in light of rising costs and space constraints, poses significant challenges for exporters across various agricultural sectors. While the seafood industry remains the largest user of cold storage facilities, other sectors struggle to meet their storage requirements.

However, flexible solutions like Arctic Super Stores offer a practical and adaptable approach, allowing businesses to securely store their goods and navigate the changing market dynamics. As per Ken Research, With the ability to expand and move with businesses, these innovative cold storage solutions provide a viable option for businesses seeking reliable and hassle-free storage solutions in Vietnam's evolving market.

KSA Macroeconomic Assessment of Population Disparities in Various Regions of the Country : Ken Research

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Story Outline

• Saudi Arabia's population is concentrated in urban areas like Riyadh, Jeddah, Mecca, and Medina, leading to regional disparities.
• Urban areas drive GDP growth and offer job opportunities, while less populated regions face economic challenges.
• GDP per capita, employment rates, and economic sectors vary significantly across regions.
• Vision 2030, The ambitious program aims to address regional disparities through diversification and infrastructure development, promoting equitable growth.

Saudi Arabia is a nation of grand contrasts. It is famous for its abundant oil reserves, rich cultural heritage, and vast arid landscapes. However, it also stands out in terms of demographic disparities across its diverse regions.

A macroeconomic analysis of these regional population variances reveals some fascinating insights into Saudi Arabia's economic development.

1. An Overview of KSA's Population Distribution

Population density of other KSA Provinces

Saudi Arabia, spread over about 2,149,690 square kilometers, has a population exceeding 35 million in 2023.

The vast majority of the population resides in a few urban areas. The cities of Riyadh, Jeddah, Mecca, and Medina are the most populous, hosting approximately 60% of the total population.

However, beyond these urban centers, population density drops significantly. The less populated regions, such as the Northern Borders, Al Jawf, and Najran, each house less than 2% of the national population.

This stark demographic disparity results from historical, geographical, and economic factors, including the centrality of the Hejaz region in Islamic history, the presence of oil reserves, and Riyadh's development as the political capital.

2. The Economic Implication of Population Disparity

Other Major tourists Cities in KSA

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The uneven population distribution has profound macroeconomic implications for Saudi Arabia. The high concentration of population in a few urban areas leads to an excessive strain on infrastructure, housing, and public services in these cities, while underutilization occurs in less populated regions.

Riyadh and the Hejaz region, housing major cities like Jeddah, Mecca, and Medina, are the main economic engines of the country, contributing significantly to GDP. They harbor key sectors including oil and gas, real estate, finance, and the Hajj and Umrah pilgrimages, generating the majority of national income and job opportunities.

In contrast, the sparsely populated Northern Borders region and Al Jawf are predominantly agrarian with lower levels of economic activity. Here, the limitations of water and arable land resources, as well as the scarcity of major urban centers, have hindered robust economic growth.

Despite these challenges, these regions contribute to Saudi Arabia's macroeconomy by providing agricultural products, including dates and wheat.

3. Understanding Regional Disparities through Economic Indicators

To further understand the economic disparities between regions, we can analyze key economic indicators like GDP per capita, employment rate, and the sectorial contribution to GDP.

For instance, GDP per capita significantly varies across regions, with urban areas like Riyadh and Eastern Province, with its oil-rich cities like Dhahran and Dammam, having a higher GDP per capita compared to less populated regions.

Similarly, employment rates and average incomes differ notably across the regions. Urban areas, with diverse economies and high concentration of industries, provide more job opportunities and attract more skilled labor compared to agrarian regions, which are usually associated with lower wages and higher unemployment rates.

Also, while the service sector heavily dominates urban regions' economies, primary sectors like agriculture and mining are more relevant in rural and sparsely populated areas.

4. The Vision 2030

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To address these regional disparities, the Saudi government initiated the ambitious Vision 2030 program aimed at diversifying the economy away from oil dependency and creating more equitable regional development.

Projects like NEOM, a $500 billion megacity to be built in the Northern region, are steps towards developing infrastructure and creating jobs in the less populated areas. In addition, the expansion of tourism, notably eco-tourism and archaeological tourism, are planned to leverage unique regional attributes and diversify local economies.

Conclusion

In conclusion, a macroeconomic analysis of Saudi Arabia's population reveals a rich mixture of regional variances, underlining the importance of localized strategies in national development planning. The nation's Vision 2030 provides a promising roadmap towards this aim.

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KSA Macroeconomic Assessment

Timekeeping Titans: The Battle of Fossil vs Citizen in the World of Watches: Ken Research

 Global Fashion Designer and Manufacturer: Fossil and Citizen Watch Co Ltd Offer Diverse Product Portfolios and Brands in the Fashion and Electronics Industry

Storyline

• Market Overview: Fossil vs Citizen
• Product Range: Fossil's Fashion and Smartwatches vs Citizen's Analog and Eco-Drive Watches
• Technological Innovation: Fossil's Smartwatch Integration vs Citizen's Eco-Drive Technology
• Brand Comparison: Contrasting Fossil and Citizen in the Watch Market

Introduction

Fossil is a global fashion designer and manufacturer known for its diverse product portfolio. Their brands include Fossil, Relic, BMW, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. They offer fashion watches, jewellery, handbags, accessories, and more, sold through their own stores and specialty retailers.

Citizen Watch Co Ltd is an electronic product and watch manufacturer. They produce clocks, printers, calculators, and a range of watches under brands like Eco-Drive One, Campanola, Citizen, and Promaster. They also manufacture machine tools, components like quartz crystals and LEDs, as well as healthcare products and jewellery.

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Market Overview

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Fossil has a diversified product portfolio, including fashion watches, jewellery, handbags, small leather goods, belts, sunglasses, shoes, and soft accessories.

Fossil manufactures and distributes private label brands and branded products purchased for resale in some non-Fossil branded retail stores. It has around 59 offices worldwide, more than 500 company-owned global stores, and business operations in 150 countries.

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Citizen Watch Co Ltd (Citizen) is an electronic product and watch manufacturer. The company offers clocks, printers, calculators, healthcare equipment, analog watches, Quartz oscillators, CNC automatic lathes, low-frequency vibration cutting equipment, Opto-device, switches, and automobile-related products.

Citizen Watch Co. Ltd operates in more than 140 countries spread across Asia, the Americas and Europe. In Europe, the company sold watches under Bulova, Citizen, and Quest & Quality brands.

Product Range:

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Fossil: Fossil offers a diverse collection of watches, including analog, digital, smartwatches, and hybrid watches. Its brands include Fossil, Relic, BMW, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. They cater to various style preferences, with options ranging from classic and minimalist designs to bold and trendy timepieces. Fossil also collaborates with fashion designers and celebrities to create limited-edition watches. Traditional watches and smartwatches are the company’s core global business. Sales of watches for fiscal years 2021, 2020, and 2019 accounted for approximately 80.9%, 81.0% and 81.4%, respectively, of the company’s consolidated net sales.

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Citizen: Citizen offers a wide array of watches, including analog, digital, and Eco-Drive watches. Citizen markets its products under Eco-Drive One, Campanola, Citizen, and Promaster brand names.  They are known for their precision and innovative features such as atomic timekeeping, chronograph functions, and multi-timezone displays. Citizen also provides specialized watches for specific activities like diving or aviation. The company launched three new models, namely AR5030-59L, AR5034-58E, and AR5034-58A, in its Eco-drive One collection. The models were priced at USD 4,500, and they include Cal.8826 Eco drive movement.

Technological Innovation:

Fossil: Fossil has embraced the smartwatch trend and offers a range of smartwatches powered by Wear OS by Google. Their smartwatches provide features like fitness tracking, notifications, music control, and customizable watch faces. Fossil focuses on integrating technology seamlessly into their stylish designs.

Citizen: Citizen has a strong emphasis on technological advancements, particularly with their Eco-Drive watches. Eco-Drive technology harnesses light, whether natural or artificial, to power the watches, eliminating the need for battery replacements. Citizen continuously innovates to improve the efficiency and functionality of their watches.

According to Ken Research: Both Fossil and Citizen are prominent players in the watch industry, catering to different consumer preferences. Fossil's diverse product portfolio and fashion-forward approach appeal to those seeking stylish and trendy watches, including smartwatches. On the other hand, Citizen's focus on precision, innovative features, and their Eco-Drive technology sets them apart as a brand known for reliability and sustainability. With their unique strengths and offerings, Fossil and Citizen continue to captivate watch enthusiasts around the world.

Supply Chain Blues & Soaring Logistics Costs: Can Indonesia Logistics Market thrive against the odds? : Ken Research

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The Indonesian freight and logistics market, like many others, faced formidable challenges during the COVID-19 crisis. While the pandemic's impact recedes, the industry now confronts persistent pain points hindering its growth. Weak transportation infrastructure, supply chain dysfunctionalities, and high logistics costs stand as major barriers in the path of progress. As the lockdown measures are lifted, the question arises: can Indonesia's logistics market navigate through these obstacles and pave the way for a flourishing future? If yes, how? Let’s find out!

1. The Indonesian freight and logistics market was severely affected by the COVID-19 crisis but since the lockdown has been lifted, the industry is positioning itself for recovery 

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2. However, Weak Transportation Infrastructure, Supply Chain dysfunctionalities, and High Logistics costs among others are the major barriers to the growth of the Logistics Market in Indonesia

3. But the good part is, the government of Indonesia is aiming to establish it as a Logistics Hub by developing SEZs, Logistics Corridor Development Strategy, and National Transport Master Plan

4. As a result, the logistics sector in the country is under transformation particularly due to rising e-commerce sales, improving trade relations between the ASEAN countries, & government spending

5. Presently, the logistics industry is in its growth stage and is projected to expand in the future owing to increasing government investment to improve the nation's infrastructure and… 

5.1. …surge in e-commerce especially post-pandemic which is creating a demand for the delivery of products, directly propelling the growth of logistic services in Indonesia

Some of the Intelligence Curated by Ken Research in Logistics Market Space:

• KSA Warehousing Automation Market Outlook to 2027 Driven by Bolstering Ecommerce Industry & Ambitious Government Plans for Digitalization to Pave Strong Grounds for Automation
• South Korea Warehouse Automation Market Outlook to 2027 Driven By increasing demand from end-user industries and factors such as increasing labor cost and labor shortage in the country
• Saudi Arabia Warehousing Market Outlook to 2027 Driven by Government Support, demand for E-Commerce and Infrastructure Investment in the country
• UAE Logistics Market Outlook to 2026 Driven by rapidly growing E-Commerce industry, various infrastructure development initiatives, & its strategic location.
• Global Industrial Packaging Market Outlook to 2027 Segmented by product type (Drums, IBCs, Sacks, Crates, Pails, Corrugated boxes, Others), kind of material (Plastic, Wood, Metal, Paperboard, Others), End User (Food & beverage, Automotive, Pharmaceutical, Chemical, Oil & Lubricant, Building & Construction, Others) and by region (North America, Europe, Asia Pacific, Middle East & Africa, South America)

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Indonesia Logistics Market