What does it mean for UK’s Real Estate Services Market to be Impacted by Interest Rates and Investor Sentiments?: Ken Research

 Buy Now

Story Outline

UK commercial real estate has seen a sharp correction in prices over the last nine months. Capital values began to fall last summer and are now 21% below their peak in June 2022. That is the sharpest correction since the period immediately following Lehman Brothers failure in 2008.

The UK real estate market is experiencing a resurgence of interest from international investors. According to the latest INREV intentions survey in January, the UK ranks second in popularity among Asian, Middle Eastern, and North American investors targeting Europe, and third among European investors.

1. Implications for real estate – a year of two halves?

To learn more about this report Download a Free Sample Report

If the consensus on inflation and interest rates is correct, then there is a strong possibility that capital values will find a floor over the summer, 25-30% below their peak in June 2022.We expect that rental values will be broadly flat at the all-property level through 2023-2024. This year’s recession is forecast to be relatively mild and there is little risk of an over-supply of new space hitting the market at the wrong time. For example, the total amount of office space in central London will only grow by 1-2% between 2022-2024. This compares with 5% during the global financial crisis (GFC) and 13% during the recession of the early 1990s.

2. What is the biggest opportunity for growth in the Property Management Services industry in the UK?

Visit this Link: – Request for custom report

The industry relies on rented residential properties in the UK, as a large bulk of revenue is associated with residential rental property management services. Demand from rented residential properties trends opposite the number of residential property transactions. A rise in residential property transactions typically indicates more first-time buyers getting on the property ladder and ramps up home ownership, hitting demand for residential management services. The number of residential property transactions is falling in 2022-23, providing a potential opportunity for property managers.

By embracing digital innovations, automation, and advanced analytics, property management companies can enhance operational efficiency, deliver better customer experiences, and make informed strategic decisions. Embracing technology will enable them to streamline processes, optimize maintenance operations, and offer personalized services, ultimately attracting more clients and gaining a competitive edge in the market.

Several factors are aligning to support a recovery in investor demand for UK real estate. Bond yields have stabilized post-pandemic, the UK real estate market has re-priced faster than others, and the currency (sterling) has become more stable. History has shown that previous recessions were followed by robust real estate performance. If UK inflation continues to decrease and the recession remains mild, investors are advised to consider deploying capital later this year.

Vietnam Logistics Market: Achieving a USD 60 Bn Milestone in 2022 with Vision 2030 and E-Commerce Logistics. What Lies Ahead for this Thriving Industry? Ken Research

 Buy Now

1.Driving Forces: Vietnam's Logistics Market Flourishes with Rising Economy, E-commerce Adoption, and Government Initiatives.

Interested to Know More about this Report, Request for a sample report

• In 2022, Vietnam's economy achieved a growth rate of 8.0%, fueled by various factors, including the significant contribution of export-oriented manufacturing to the logistics sector's expansion.
• The adoption of e-commerce in Vietnam has rapidly increased, with the rate rising from 0% in 2017 to 50.0% in 2020, primarily driven by the younger population.
• As a result of the US-China trade war and the pandemic, many manufacturers relocated their operations from China to Vietnam, attracted by the region's low labor costs. This influx of global players has further stimulated the growth of Vietnam's logistics sector.

 2.Vision 2030: Vietnam's Government Focuses on Developing Infrastructure for Seamless Deliveries in the Logistics Market.

Vietnam Logistics Market

• Under the Vision 2030, the country plans on developing over 5000 km of expressway by 2030.
• The country also plans on developing 172 routes with a total length of 29,795 km by 2030.
• The development of coastal roads going through 28 cities and provinces is also underway.
• The road development in Vietnam aims to develop the national road system in a sustainable and comprehensive manner.
• In 2022, the Prime Minister of Vietnam issued a decision on mechanism and policies for the development of inland waterways in the region that included the allotment of invest capital with encouraging factors.

3.Revolutionizing E-Commerce Logistics Warehouses: The Essential Technologies for Vietnam's Logistics Market.

Visit this Link :- Request for custom report

• Instant access to high-quality data enhances supply chain visibility. It supports inventory and process management, risk assessment, space optimization, automated documentation, and more.
• Integrating robotic or semi-robotic technologies improves human pickers' efficiency by reducing walking distances, optimizing routes, and seamlessly integrating with the current WMS. This leads to precise picking and packing processes.
• An automated inventory management system is a software that enables wholesalers and distributors to manage inventory in real-time. It allows companies to retrieve inventory counts directly from suppliers through a data feed integrated into their website.
• AGVs are effective in speeding up storage and retrieval tasks, including putaway, loading, and stock take. They are self-guided and can be equipped with forklifts and pallet carts, following predetermined paths to handle pallets, boxes, and containers.`

How Has The US Real Estate Services Market Been Revolutionized, Considering Its Staggering Valuation Of USD 4 Tn In 2022? : Ken Research

 

Story Outline

America leads in outsourced facility management with a digital transformation sweeping the industry. Adoption of new technology and strategic products cater to millennials, while housing affordability remains a challenge. Facility management sees growth in America with investments in integrated services and new technology adoption. Market players opt for outsourcing and strategic partnerships, enhancing efficiency and competitiveness. US real estate faces a housing affordability crisis amid limited supply and high prices. Technology-driven solutions improve efficiency, but challenges persist as industry seeks sustainable solutions.

Unlock the potential of the US Real Estate Services Market

1. Role of Technology and Outsourced Facility Management in Driving the US Real Estate Market

Outsourced facility management in US real estate services market, 2022

Northern USA dominates the outsourced facility management market, and there is a global shift towards digital transformation in integrated facility management services, building maintenance, and repair services. The adoption of new technology in facility management has become crucial in real estate services, leading to reduced operating costs and increased efficiency. With the growing reliance on technology, people are seeking instant access to maintenance and workplace services. Facility management service providers are keen on investing in building construction and integrated services to meet the market demands. Additionally, market players are opting for outsourcing facility management services to gain a competitive edge and form strategic partnerships. The US real estate market, consisting of numerous residential and commercial buildings, is also witnessing the adoption of new technologies to enhance service quality and drive market growth during the forecast period.

2. How is Technology Advancement Transforming the US Property Management Industry?

Download a free Sample Report: Click Here

US companies are embracing innovative technologies to enhance their services and optimize property performance. Property managers and owners are actively seeking technological advancements, including Internet of Things (IoT) devices like thermostats, CCTVs, and smart lockers, which have become widely adopted. Automation is increasingly becoming a crucial aspect of the property management industry. Millennials, in particular, demonstrate a high affinity for technology usage. A recent survey revealed that 42% of property managers are choosing to adopt new technologies to stay relevant in today's competitive market. Various companies, such as Buildium, AppFolio, Rentalutions, and VTS, offer cutting-edge products that streamline and automate traditionally paper-heavy tasks, such as bill payments, rent collection, and maintenance tracking.

3. US Housing Affordability Crisis: Record High Prices and Limited Supply Challenge Homebuyers

Visit A link Request for Custom Report

Despite indications of a weakening trend in home prices, the US is grappling with a housing affordability crisis due to limited housing supply and persistently high mortgage rates and sales prices.

According to the Federal Housing Finance Authority (FHFA) House Price Index, national home prices reached a new record high in April, with a 3.1% increase from the previous year. However, regional variations show different price trends, with East South Central and New England experiencing the highest 12-month gains, while the Pacific region faced the steepest price declines.

Though existing-home median sales prices have decreased from their peak in June 2022, prices have been slowly rising since February. Despite year-over-year declines being favorable for homebuyers, purchasing a home in the current market is challenging for those earning $75,000 or less. Homes in this price range accounted for only 23% of the existing home listings in April 2023, according to a Realtor.com and NAR Home Affordability & Supply Report.

The US real estate service market shows promising growth driven by low mortgage rates, population growth, and technology adoption. However, housing affordability remains a challenge due to limited supply and high prices. Regional variations are observed in price trends. Embracing technology and addressing affordability concerns are vital for the market's future success.

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

US Real Estate Services Market

USD 450 Bn Valuation in 2022: Is UK’s Real Estate Services Market Undergoing a Revolution?: Ken Research

 Buy Now

Story Outline

• With housing demand on the rise and a scarcity of properties, the competitive UK market witnesses soaring house prices, particularly in London, where average prices double the national average.
• UK companies embrace innovative technologies like IoT devices and automation to optimize property performance, meeting the demands of tech-savvy millennials and staying relevant in the competitive real estate landscape.
• UK Mortgage Rates Skyrocket in 2022, Prompting Record Bank Rate Hikes. Residential Property Market Stages Impressive Recovery with Over One Million Transactions in 2021.

1. Has UK House Buyer Sentiment Weakened? A Closer Look at Market Trends

The housing market in the United Kingdom (UK) is influenced by supply and demand dynamics. A shortage of housing leads to increased demand, creating a competitive market that drives up house prices. Conversely, an excess of housing results in price reductions to attract buyers. This trend is evident in the UK, particularly in London, where as of June 2022, the average house price was approximately double the national average, reaching over 538,000 British pounds (USD 648,021).

Even within London, there are significant variations in average house prices. Living in Kensington and Chelsea would require an average investment of over one million British pounds (USD 1.20 million), while a house in Barking and Dagenham would cost approximately a quarter of that amount. In 2022, the UK witnessed around 1.3 million housing transactions, and with an expected increase in transactions, the average house price is projected to rise nationwide. 

2. Are House Prices Increasing in the United Kingdom?

To learn more about this report Download a Free Sample Report

UK companies are embracing innovative technologies to enhance their services and optimize property performance. Property managers and owners are actively seeking technological advancements, including Internet of Things (IoT) devices like thermostats, CCTVs, and smart lockers, which have become widely adopted. Automation is increasingly becoming a crucial aspect of the property management industry. Millennials, in particular, demonstrate a high affinity for technology usage.

A recent survey revealed that 42% of property managers are choosing to adopt new technologies to stay relevant in today's competitive market. Various companies, such as Buildium, AppFolio, Rentalutions, and VTS, offer cutting-edge products that streamline and automate traditionally paper-heavy tasks, such as bill payments, rent collection, and maintenance tracking.

3. Surge in Residential Properties: Favorable Mortgage Rates Propel UK Housing Market

Visit this Link: – Request for custom report

In 2022, mortgage rates in the UK experienced an unprecedented surge, with the 10-year fixed mortgage rate doubling between March and December. This increase was largely influenced by rising inflation, prompting the Bank of England to implement multiple bank rate hikes throughout the year, consequently leading to higher mortgage rates.

Following a decline in 2020 caused by the COVID-19 pandemic, the residential property market made a remarkable comeback in 2021. Both the number of residential properties sold and the gross value of mortgage lending experienced significant growth during this period. Across the United Kingdom, over one million transactions took place in 2021, with the majority of residential properties being sold in England.

As the study period continues, it is anticipated that the already modest mortgage rates, which have been instrumental in driving housing market demand, will continue to rise, further influencing the residential real estate market in the United Kingdom.

The United Kingdom's residential real estate market is characterized by a fragmented landscape, with low market share concentration and intense competition among industry players. The prevailing shortage of houses in the market has resulted in increased demand, significantly benefiting prominent housebuilders in the country. Several major players have reported a surge in sales owing to the robust demand for new homes.

What lies ahead for India Crypto Exchange market? : Ken Research

 Buy Now

This white paper delves into the promising potential of India's crypto exchange market, by presenting a comprehensive analysis based on extensive primary and secondary research. By examining growth drivers, government actions, and future prospects, this whitepaper aims to provide valuable insights into the evolving landscape of cryptocurrency trading in India.
Our research is rooted in a rigorous methodology that combines in-depth interviews with key industry players, a thorough examination of market trends, and an analysis of government regulations. We present a holistic view of the Indian crypto exchange market, exploring its current state, growth trajectory, and the factors influencing its development.
By delving into the dynamics of this market, we aim to equip stakeholders, investors, and policymakers with the knowledge required to navigate the opportunities and challenges that lie ahead. Read on to learn more on the potential of India's crypto exchange market, as we uncover its untapped possibilities.

1. The last decade saw an increase in awareness of virtual currencies, and a fast-growing tech-savvy population seeking alternative modes of investments created a buzzing crypto universe

Request a Call with Expert to know more about the business model

2. Young Investors Are Driving The Crypto Exchange Industry Growth In India Coupled With Cross-Border Remittances & Decentralized Finance (Defi) Which Are Major Traction For Investors

2.1 Moreover, factors such as strict foreign regulations made Rupee conversation complicated, therefore Indians are opting for digital currencies for conversion of INR to a more stable fiat currency

2.2 The introduction of Central Bank Digital Currency (CBDC) and the increasing popularity of NFTs among others has contributed to enhanced visibility of digital currencies in the market.

3. Though India is booming as a hub for Cryptos, there are several issues associated with it such as operational risks, cyber risks and governance risks.

4. To curb the issues, the Government of India played a major role to form a committee to draft regulatory frameworks on Cryptos, working with the Financial Action Task Force to update Crypto policies, and…

4.1. ... Pushed for the upliftment of the blanket ban on virtual currencies and set up Cybercrime unit for detection of the crypto-related frauds held online

5. Indian Crypto market shows good potential due to a surge in Crypto investments, Non-Fungible Tokens and entry of International Cryptocurrency Exchanges in India indicates a strong step forward

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

• MENA Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)
• Australia Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)
• Brazil Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)
• Global Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)
• India Payment Service Market Outlook to 2027F driven by government initiatives & rising need for faster payment modes

To Know more about this Whitepaper, Visit this link:-

Indian crypto exchange market

The Entrepreneur's Guide to Building a Successful Business: Ken Research

 Getting into the business world is an exciting process filled with multiple opportunities and challenges. However, without enough information, any business would witness a downfall before even rising. Hence, in this article, we’ll explore steps that will act as a comprehensive guide to navigating the path to a successful business. So, let’s embark on this entrepreneurial adventure and make impactful business decisions.

Step 1- Identifying a Lucrative Niche

The business world is as deep as an ocean. In order to make your place, identify the gap in the lucrative niche and tap that white space.

Need help in Identifying a profitable niche? Connect with market experts now!

This could easily be achieved through extensive market research. Study the areas that align with your expertise and the market demand. For instance, if you are a fitness enthusiast, look for emerging demand in the fitness industry or fitness equipment industry.

However, researching country-industry-specific data is not a cake a walk. Getting credible data to make business decisions requires a lot of homework.

That’s why, over 1000+ brands and investors considered Ken Research to get market-specific data to tap the market. If you wish to learn more about the process, visit the website now.

Step 2- Crafting a Unique Value Proposition

Creating a product that is already present in the market won’t attract consumers. That’s why it’s important to develop a unique value proposition. Focus on what your product or service stand out and how it addresses the needs of your target audience better than existing solutions.

Let’s understand this with an example- if you plan to start a gourmet burger restaurant, your unique value proposition might be offering a diverse range of mouthwatering, locally-sourced ingredients and an inviting ambiance that sets your restaurant apart from standard fast-food chains.

Step 3- Building a Solid Business Plan

Once you have figured out your market and the product, map a comprehensive business plan that highlights your vision, objectives, target consumer, market strategy, financial projections, and more.

Want to build data-driven business strategy? Schedule a free call with Market Experts!

This will guide you through each stage of your entrepreneurial journey and serve as a roadmap for your business’s success.

Step 4- Securing Adequate Funding

The next step would be ensuring that your business has the necessary funds and resources to thrive.

Depending on your business's scale and requirements, you may explore various funding options, such as bootstrapping, loans, angel investors, or venture capital. Be prepared to pitch your business idea to potential investors or lenders, showcasing your passion, expertise, and a clear plan for generating returns on their investment.

Step 5- Assembling the Right Team

Once you have the business plan and required funds, you need a team who will enable you to accomplish your business objectives. Seek team members who complement your strengths and bring unique perspectives to the table. Hire individuals who are not only talented but also aligned with your company's culture and values.

Step6-EmbracingInnovationandAdaptability

Interested to know the emerging trends in your niche? Book a free call to make informed decision!

The only way to strive in the competitive market is by fostering a culture of innovation and adaptability within your organization. For this, keep a close look at industry trends and technological advancements that can transform your business. Incorporate new technologies and digital solutions that can streamline your operations and enhance customer experience.

Step 7- Delivering Exceptional Customer Experience

Customer satisfaction is the utmost priority for any business. That’s why, focus on providing exceptional customer experiences to foster loyalty and generate positive word-of-mouth. Train your employees to prioritize customer needs and handle inquiries or complaints effectively.

Conclusion

In a nutshell, building a successful business requires a combination of passion, perseverance, and strategic thinking. When you identify a lucrative niche, build a unique value proposition, secure funding, hire the right team, and follow the tips outlined in this guide, you lay the foundation for success. Embrace innovation, prioritize customer experience, and invest in effective marketing to drive growth and visibility. Last but not least stay resilient, learn from challenges, and continuously adapt to seize opportunities. With dedication and the right approach, your entrepreneurial dream can turn into a flourishing reality.

Vietnam Logistics Market Flourishes: CEP and Warehousing Sector Generate over USD 5 Bn in 2022, Fueled by Joint Ventures and Modern Warehousing Systems. What Awaits the Future? :Ken Research

 Buy Now

1.Emerging Trends and Developments in Vietnam's Warehousing Market: Joint Ventures, Automation, GSP Warehouse Preference, and Recent Funding Surge.

Interested to Know More about this Report, Request for a sample report

Logos Property and Manulife Investment Management joined forces in 2022 to construct an advanced logistics factory, covering an area of over 116,000 sqm and valued over $80 Mn. Moreover, GLP entered the Vietnamese market through a $1.5 Bn joint venture with SLP.

E-commerce companies are utilizing AI-powered warehouses and sorting centers spanning 0.3 Mn sqm to decrease delivery time during peak periods. Tiki NOW Smart Logistics has integrated robots for task execution, enhancing warehouse efficiency and enabling sellers to save 30% - 40% in costs.

Investment in pharmaceutical storage systems or GSP warehouses is increasing in Vietnam, with foreign firms such as DKSH, Zuellig, and Mega making substantial investments to improve cost-efficiency and optimize manpower in warehouses.

Vietnamese on-demand warehousing platform, Wareflex, secured $785,000 in pre-seed funding from Genesia Ventures and Antler. Additionally, Mirae Asset Daewoo Co. and Naver Corporation, prominent South Korean companies, invested $37 Mn in a warehouse located in Bac Ninh, Vietnam.

2.Automation Surge: Vietnam's Growing Demand for Modern Warehouses Driven by Increased Investment in New Technologies.

Visit this Link :- Request for custom report

Next generation supply chains in Vietnam are utilizing robotics and automation to perform task such as picking, sorting, inspecting, handling to improve overall efficiency and speed to market. Some warehouses are turning to autonomous vehicles to bring merchandise to sortation while Drones & RFID will be used for Inventory Management. The opportunities seem endless which will result in greater efficiency and productivity.

3.Tech Trends Unleashed: Big Data and Augmented Reality Empower Vietnam's CEP Market in Response to Consumer Demand.

Market Maxomony

Vietnam Logistics Market Segmentation

By Service Mix

• Freight Forwarding
• Warehousing
• CEP
• Value Added Services

Vietnam Freight Forwarding Market Segmentation

By Mode of Freight

• Road Freight
• Sea Freight
• Air Freight

By Type of Freight

• International Freight
• Domestic Freight

By Types of Operators

• Small Fleet Operator (SFO)
• Medium Fleet Operator (MFO)
• Large Fleet Operator (LFO)

By End-User

• Retail
• Oil and Gas
• Textiles
• Pharma
• Others

Vietnam Warehousing Market Segmentation

By Warehousing Types

• General/Industrial/Retail
• CFS/ICD
• Cold Storage
• Agriculture and Others

By Warehouse Locations

• Northern
• Central
• Southern

By End-User

• Retail
• Oil and Gas
• Textiles
• Pharma
• Others

Request a Call with Expert to know more about Latest Trends

Major Players Mentioned in the Report:

• Yusen Logistics
• Transimex
• Gemadept Corporation
• Maersk
• Kuehne+Nagel
• MP Logistics
• ITL
• Vietnam Post
• Viettel Post
• Vietnam Maritime Corporation
• Expeditors
• Bee Logistics
• DB Schenker
• Vinafrieght Joint Stock Company
• CJ Gemadept
• Ceva Logistics
• GHN Express
• DHL VNPL Express
• EMS

Key Target Audience

• E-Commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

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: –

Vietnam Logistics Market Outlook to 2027

Related Reports by Ken Research: –

Indonesia Logistics Market Outlook to 2027

Wallan Trading and Renault Group Join Hands to Reshape the Future of Saudi Arabian Automotive Industry: Ken Research

 Buy Now

The Riyadh-based firm looks to expand its automotive offerings in the Kingdom. Riyadh-based Wallan Trading Co., a prominent player in the Saudi car market, has entered into a strategic partnership with Renault Group to become the official distributor of Renault vehicles in the Kingdom.

STORY OUTLINE

• Wallan Group partners with Renault Group as the official distributor for Renault in Saudi Arabia, marking a significant milestone in the country's automotive industry.
• Renault Group is a renowned automotive innovator with a history of introducing ground breaking products, including Europe's first mass-produced electric car.
• The partnership between Wallan Trading and Renault Group aims to enhance the automotive landscape in Saudi Arabia, offering expanded options and exceptional driving experiences to customers.
• The collaboration aligns with Saudi Arabia's Vision 2030, focusing on economic diversification and the growth of non-oil sectors, with the automotive industry playing a pivotal role.
• According to Ken Research, the strategic partnership strengthens Saudi Arabia's position as a vibrant automotive hub, driving the expansion and diversification of the sector while contributing to employment opportunities and broader economic goals.

Wallan Group, a longstanding leader in the Kingdom's automotive sector for over four decades, is proud to announce a ground breaking partnership with Renault Group. Effective from June 1st, 2023, Wallan Group assumes the prestigious role of the official distributor for Renault in the Kingdom of Saudi Arabia, signifying a significant milestone in the advancement of the country's automotive industry.

To learn more about this report Download a Free Sample Report

In the 1980s, Wallan Group embarked on its business journey by establishing itself as the authorized agent for Hyundai in the central region of Saudi Arabia. Since then, the company has steadily expanded its automotive portfolio through strategic alliances with renowned global brands, encompassing both passenger and commercial vehicles. This ongoing growth has solidified Wallan Group's position as a key player in the Kingdom's automotive industry.

Renowned for its automotive innovation and technological prowess, Renault Group boasts a storied history of pioneering ground breaking products in the market. Notably, the company has been at the forefront of automotive electrification, introducing Europe's first mass-produced electric car. Established in more than 130 countries, the Group has sold 2.1 million vehicles in 2022. It employs nearly 106,000 people who embody its Purpose every day, so that mobility brings people closer.

Visit this Link: – Request for custom report

Aiming to elevate the Saudi market's automotive landscape, Wallan Trading and Renault Group have united to deliver an unparalleled level of automotive excellence. Leveraging Wallan Trading's robust distribution network and local market expertise alongside Renault Group's industry-leading vehicles and cutting-edge technologies, customers in Saudi Arabia can anticipate expanded choices and exceptional driving experiences.

By forging a strategic partnership, Wallan Trading and Renault Group strengthen Saudi Arabia's status as a vibrant automotive industry hub. As the Kingdom experiences rapid economic growth and increased consumer demand, this collaboration will drive the expansion and diversification of the automotive sector, generating employment opportunities and aligning with the Kingdom's overarching economic objectives.

In line with the Kingdom of Saudi Arabia's Vision 2030, Renault Group's collaboration with Wallan Trading reinforces the emphasis on economic diversification and the growth of non-oil sectors. With the automotive industry serving as a key driver in achieving these objectives, the partnership between Wallan Trading and Renault Group actively contributes to the establishment of a dynamic and competitive automotive market in Saudi Arabia.

In summary, the strategic partnership between Wallan Trading and Renault Group represents a major milestone in the Saudi automotive market. Wallan Trading aims to solidify its leadership position, while Renault Group strives to enhance its footprint in the Kingdom. Together, they are well-positioned to introduce innovative automotive solutions, establish new benchmarks of excellence, and fuel the growth of the automotive sector in Saudi Arabia.

Future Outlook of UK Metaverse Market: Ken Research

 Buy Now

What is the market Size of UK Metaverse Industry?

UK Metaverse market is growing at a double digit CAGR in 2017-2022 and is expected to reach USD ~ Bn by 2028.

The UK Metaverse Market is largely driven by One of the significant growth drivers of the metaverse market is the increasing demand for immersive and interactive virtual experiences across various industries, including gaming, entertainment, education, and commerce.

UK Metaverse Market is at a growing stage. It is a fragmented market with the presence of many metaverse companies. The 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 customized virtual reality platform.

Few major UK Metaverse players are Lilith Games, Roblox Corporation., Tencent Holdings, Byte Dance., Nvidia Corporation. Europe continues to dominate the UK Metaverse market. Depending on technology, the virtual reality and augmented reality segment dominated the metaverse market share in 2020, and is expected to continue this trend during the forecast period, owing to growing demand for virtual reality (VR) / augmented reality (AR) based services.

An increase in awareness and lifestyle changes is the fundamental driver of metaverse market growth. Customers are more likely to remain loyal when their needs are customized.

Interested to Know More about this Report, Request for a sample report

UK Metaverse Market segmentation by component

The UK Metaverse market is segmented by component into Software, Hardware and Professional Services. Software was the dominant form.

UK Metaverse Market segmentation by vertical

The UK Metaverse market is segmented by vertical into Consumer, Commercial, Industrial Manufacturing, Healthcare and Others. Consumer was the most dominant in 2022.

UK Metaverse Market by Region

The UK Metaverse market is segmented by region into England, Wales, Northern Ireland, Scotland and other Regions. England is the most dominant market.

Competition Scenario in UK metaverse Market

The UK metaverse market is fragmented. The report covers the major players operating in the United Kingdom virtual reality market. Some of the prominent players in the industry are Lilith Games, Roblox Corporation., Tencent Holdings, Byte Dance., Nvidia Corporation. Competition in the metaverse is intensifying as more companies enter the market, offering a variety of virtual reality, augmented reality, and extended reality experiences. Established tech giants, startups, and gaming companies are vying to capture a significant share of the growing metaverse industry, leading to innovative developments and unique offerings to attract users.

What is the Expected Future Outlook for the Overall UK metaverse Market?

The UK Metaverse market was valued at USD ~ billion in 2022 and is anticipated to exceed USD ~ billion 2028, witnessing a robust CAGR during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The UK Metaverse market is driven by demand for rising disposable income in developing economies. The continuous advancements in virtual reality (VR), augmented reality (AR), and extended reality (XR) technologies are fueling the development and adoption of metaverse platforms, creating new opportunities for businesses and users alike.

The government has set forth ambitious strategies to leverage digital technologies extensively in enhancing its services, processes, and decision-making capabilities. Rise in Demand in the media and entertainment, gaming and adjacent markets like virtual reality (VR), augmented reality (AR), mixed reality (MR), and digitalization in the fashion, retail, and art industries are the main factors for the metaverse industry growth.

The concept of sustainable packaging is proving to be a highly beneficial investment and a responsible choice for the environment when it comes to reality platforms. With the rising awareness regarding the environmental impact of virtual assets and digital content within the metaverse, there is a growing push for new policies and measures that hold businesses accountable for sustainable practices and responsible management of virtual resources.

AI and cognitive learning technologies have started to play a decisive role and are poised to be game-changers in several avenues.

During the forecast period of 2022-2028, it is anticipated that the UK Metaverse market will grow at a massive CAGR by 2028. Growing concerns about virtual avatar health and excessive virtual consumption habits are prompting various governments to adopt plain packaging strategies for metaverse products. By implementing plain packaging regulations, authorities aim to raise awareness about digital well-being and encourage responsible virtual choices among users within the metaverse.

Visit this Link :- Request for custom report

Market Maxomony

By component

• Software
• Hardware
• Professional Services

By vertical

• Consumer
• Commercial
• Industrial Manufacturing
• Healthcare
• Others

By Region

• England
• Wales
• Northern Ireland
• Scotland
• Other Regions

Major UK Metaverse Market Players

• Lilith Games
• Roblox Corporation
• Tencent Holdings Ltd.
• Byte Dance
• NetEase
• Facebook Inc

Time Period Captured

• Historical Period – 2017-2022
• Base Period – 2022
• Forecast Period – 2022 –2028

For More Insights On Market Intelligence, Refer to the Link Below: –

UK Metaverse Market Outlook to 2028

Related Reports by Ken Research: –

US Metaverse Market Outlook to 2028

KSA Leisure and Entertainment Industry, the new oil reserve for Saudi Arabia!: Ken Research

 “Saudi Vision of 2030” aims to diversify Saudi Arabia’s economy, and reduce its reliance on the oil industry by stimulating growth within non-oil sectors and expand entertainment and tourism offerings.

Story Outline

The Saudi Arabian Leisure and Entertainment Market is expected to grow at a CAGR of ~15% from 2022 to 2027.

• The young population of the Kingdom provides a promising consumer base for the leisure and entertainment market.
• To cater to the demand created by the change in preferences and increased consumer spending on immersive entertainment, Saudi is seeing large amounts of investments in the entertainment industry.
• The focus on the enhancement of the Entertainment Industry is both an attraction to increase tourism as well as a byproduct of increased tourism.
• The integration of technology in each vertical makes it vital for the private as well the public sector in the Kingdom to invest in the technology sector.

Introduction

The Kingdom of Saudi Arabia is a potential hub spot for all things entertainment and leisure. The Kingdom’s intense focus on developing the entertainment and tourism sector solidifies the double digit CAGR from the year 2023 to 2027. Some key factors contributing to this growth are the high ratio of the young and middle-aged population who are tech savvy. The increased share of spending on leisure and entertainment due to increased disposable incomes and an experience mindset. The country falls on the higher spectrum of a replacement level fertility rate, with 2.208 births per woman.

1. KSA’s Youthful Demographics

KSA, having more than 80% urbanized population displays a demographic phenomenon known as the “Stationary Pyramid” with a tapering top indicating a high young and working population vs a low older population.

With ~ 37% of the population falling below 24 years of age in 2022, and ~50% population falling in the 24-54 years age group, KSA promises a bright future for the Leisure and Entertainment Industry.

The country falls on the higher spectrum of a replacement level fertility rate, with 2.208 births per woman.

Click here to know more about the Saudi Arabian Leisure and Entertainment Market

According to Ken Research, the Saudi Arabian Leisure and Entertainment market is expected to grow at a CAGR of ~15% from 2022 to 2027. The largest contributor to this has been the OTT industry followed by the movie theatre industry.

2. Saudi Arabia Invests Big in Entertainment Industry

To learn more about this report Download a Free Sample Report

Headed by Crown Prince and Deputy Prime Minister, Mohammed bin Salman, the $64 billion fund as a part of the public investment Fund (PIF) established in November 2019, linked to the National Development Fund (NDF), aims to enhance the entertainment and amusement industry in the Kingdom.

Saudi Arabia’s Cultural Development Fund officially launched its $234m (SAR 879m) Film Sector Financing Programme in the first half of 2023. The fund is split in a 30:70 ratio, with 30% being earmarked to help establish companies and facilities supporting the film sector and the remainder for film content development, production and distribution.

Saudi unveiled it tax rebate for productions which provides up to 40% of spend in cash back for film productions that recruit Saudi crew and talent above and below the line and feature the kingdom’s “culture, history and people along with showcasing the kingdom’s diverse selection of landscapes.

3. Saudi Arabia's Vision 2030 Unleashes Mega Tourism Projects

Visit this Link: – Request for custom report

Under Saudi Vison 2030, the country has taken the initiative of developing the tourism sector in the Kingdom. The upcoming project of Qiddiya Entertainment City, spanning over an area of 334 sqkm located only 40 km from the nation’s capital Riyadh is about 3 times larger than Disney World Florida.

The Red Sea Project, situated on the coast of the Red Sea between the cities of Umluj and Al Wajh, stretches across 28,000 sqkm, roughly the size of Belgium. It aims to leverage on some of the Kingdom’s most unique natural treasures, offering various inland and off-land hospitality options, coupled with leisure and recreational facilities. It aims to house.

Amaala, the riviera of the Middle East is situated round 800 km north of Jeddah and stretches 12 km along the northwestern coastline of KSA. Centered on the themes of wellness & sports, luxury art residences and sea, sun & lifestyle, it aims to become an ultra-luxury resort and wellness destination, ensuring sustainability and preserving the unique natural surroundings.

4. Driving Technological Advancements: Saudi Arabia's Vision 2030 and Innovation Initiatives

The country focuses on developing the technology sector as part of its Vision 2030 initiative. There has been a surge in venture capital investments in Saudi Arabia amounting to $ 2.4 billion in 2022 to drive startup growth. The Saudi Light and Sound (SLS) Expo featured exhibitors from the pro-lighting and audio, live events, digital signage, AI, laser technology, and stage technology sector. Saudi Arabia hopes to position itself as a world leader of next generation media tech innovation under its smart-city mega-project NEOM.

Request free 30 minutes analyst call

Conclusion

Saudi Arabia, with its urbanized population holds a promising future for the Leisure and Entertainment Industry. Supported by a $64 billion fund and visionary leadership, the country aims to enhance the entertainment sector. Initiatives like the Film Sector Financing Programme and tax rebates for productions demonstrate the commitment to nurture local talent and showcase the kingdom's cultural heritage. Moreover, the development of mega-projects like Qiddiya Entertainment City, The Red Sea Project, and Amaala underscores Saudi Arabia's dedication to tourism, offering unique experiences and preserving natural beauty. With a focus on technology and significant venture capital investments, Saudi Arabia strives to become a global leader in innovation.