Research On Global Markets
Syndicated Market Research Report
India is one of the largest producers of fruits and vegetables and this promotes the food processing industry. They use various methods of preservation that comply with food preservation policies, and the most popular methods are canning, bottling, dehydration, and pickling. With improved food preservation techniques and an advantageous geographical location, India is a major exporter of fruits and vegetables. It has been recorded that in 2018, India exported 391,283.8 metric tonnes (MT) of processed fruits and vegetables, which generated revenue worth INR 34.04 Bn, across the world.
Influences of the western culture in India can be noted in the changing food and culinary preferences of the people and this has, to some extent, led to the growth of the fruit and vegetable processing market in India. Restaurants and eateries are flourishing as a lifestyle component where the requirement for exotic fruits and vegetables or canned food becomes imperative. According to recent market surveys, the demand for processed fruits and vegetables is expected to gain momentum due to the growth in the hospitality and hotel industry. In addition, the growth of organized food retail chains across the country has contributed significantly toward the fruit and vegetable processing market in India. Even in regular households, nuclear families with working parents have imbibed a culture of storing food for future consumption. Busy professionals are almost completely dependent on processed food as it serves to be the easiest option during meal preparation. Social factors like these have created and added to the growth of the food processing industry in India. However, the fruit and vegetable processing market in India is still in the developmental stage with plenty of room for improvements. Issues like insufficient storage facilities and inadequate transportation services are unfavourable for the growth of this industry. To conclude, the risks and challenges of the market are few and with proper management, it can see phenomenal growth in the coming years.
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Clinical informatics, also known as health informatics is the application of informatics and information technology to healthcare services. This leads to better digitization increased interoperability and improved patient data management. Given the amount of digital patient information from electronic health records, physicians, nurses and pharmacists rely on up-to-date data so that they can create a patient treatment plan. According to a global clinical informatics market research conducted by Research on Global Markets, the global clinical informatics market is expected to expand at a compound annual growth rate (CAGR) of 18.26% and be worth USD 33.31 Bn during the 2018–2023 period. The global clinical informatics market is classified based on the following segments- technology, application, end users, and regions. Based on technology, the market is bifurcated into on-premises software segment and cloud-based software segment. While the on-premises segment dominated the market share with 58% in 2017, the cloud-based software segment is expected to expand at a CAGR of 19.63% until 2023. This growth can be attributed to the improved security, storage and efficiency promised by cloud-based platforms. Based on application, the diagnostics market contributed to 39% of the market revenue in 2017 and is expected to witness the highest CAGR (18.41%) among the applications segment during the 2018-2023 period. The diagnostics market will be followed by the patient monitoring segment with a CAGR of 18.30%. Based on end-user, the market is segmented into hospitals, specialty clinics, pharmacies, and research laboratories. The hospital segment held a global market share of 38% in 2017 and is expected to experience a growth rate of 18.58% during the 2018-2023 period. The specialty centers segment held 10% of the market share and research lab segment held 15% of the market in 2017. Geographically, North America held approximately 50% of the global market, however, the Asia Pacific region is expected to grow significantly due to the increased demand for healthcare services in this region. The internet of things is a system of devices such as home appliances or vehicles which contain software, electronics, sensors, actuators and connectivity which allows these things to gather and share electronic information. The adoption of IoT has transformed the automotive industry significantly. The introduction of IoT in the automotive industry encourages the demand for automotive devices, that help analyzes real-time information such as driver assistance and real-time traffic updates. The internet of connected thing distributes three kinds of communications such as in-vehicle, vehicle-to-vehicle, and vehicle-to-infrastructure. According to an IoT automotive industry report prepared by Research on Global Markets, the global automotive IoT market the market is expected to expand at a compound annual growth rate of 27.55% and reach a value of USD 104.16 Bn by 2023. The global automotive IoT market is segmented on the application, connectivity form, communication type, and region. Based on application, the market is classified into navigation, telematics, and car infotainment. The growing demand for features such as on-demand news, movies, music, and social media apps will drive the car infotainment segment, which is expected to expand at a CAGR of 28.5% until 2023. Based on connectivity form, the market is segmented into tethered, integrated and embedded. Embedded connectivity will hold 55% of the market share, followed by tethered connectivity (23.5%) and integrated connectivity (23%) during the 2018-2023 period. Based on the communication type, the market includes vehicle-to-vehicle communication, in-vehicle communication, and vehicle-to-infrastructure communication. The in-vehicle form of communication experienced widespread acceptance and held a market share of 91% in 2017. The vehicle-to-vehicle to vehicle-to- infrastructure is expected to gain massive traction due to the growing emphasis on car and driver safety. Geographically, the global market is analyzed across North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America occupied approximately 43% of the global market in 2017. Asia-Pacific is anticipated to expand at the highest CAGR during the 2018-2023 period due to rapid digitization and government mandates on IoT implementation. Telematics has transformed into an automotive mainstream. All cars will have some level of embedded telematics, and its benefits for both the manufacturers and consumers is compelling. Automotive telematics can observe and improve driver behaviour and temperament while driving, increase road safety at a real-time basis, boost car- insurance industry profitability and align insurance premiums with actual need. According to a global automotive telematics market research conducted by Research on Global Markets, the global automotive telematics market is thus expected to expand at a compound annual growth rate (CAGR) of 28.5% during the 2017-2022 periods, to reach approximately USD 198.7 Bn by 2022. Telematics can bring additional benefits to individuals, corporations, and governments beyond insurance and road-safety improvements for example real time tracking, stolen vehicle recovery, vehicle finder services, fuel and routing optimization. Most users cite antitheft, lower insurance premiums, and improved driving behaviour as key benefits of telematics today. Today, users have several options in telematics to install in their vehicles. They range from professionally installed services to do it yourself add on devices. Automobile manufacturers may offer built-in telematics devices and customized services to differentiate their offerings from other manufacturers. Some Key Types of Telematics Devices Are:
To ensure interoperability across the many platforms and telematics devices that currently or will soon offer telematics access, stakeholders such as manufacturers, insurers and technology and services providers need to establish and adhere to standards. Electronic systems should meet backup-battery performance requirements as well as power-management and protection standards. The number of food orders placed online either through mobiles or restaurant websites has increased significantly in the last few years. Earlier, the online sources were mostly used to find the location of a restaurant. However, the time has changed and physical barriers like distance no longer impact the process of food ordering and delivery. E-commerce in India is the fastest growing e-commerce market in the world and it is experiencing a spurt in online food and restaurant service companies. Here’s a look at some of the key drivers of the online food delivery market in India 1. Demographic situation: Young India’s appetite is one of the key demand drivers of the online food delivery market in India. India has the second largest population in the world and is among the largest consumer markets today. With 50% of the population falling under the age of 35, most of the demand for convenient fast food comes from this young population. 2. Change in lifestyle patterns: With an increasing number of young Indians being productively employed in lucrative industries, sectors like IT services have upped their income and living standards. The emergence of dual-income families has thus changed the way people live drastically; with changes in routines, lifestyle, and food habits. Due to the time crunch and need to spend more time with family, nuclear families prefer to reach out for fast food available online to save time and energy. 3. The rising number of working women: there has been an increase in the number of working women, who spend most of their productive time either at work or traveling, and get very little time to spend on themselves, their family, and cook meals. Ordering food online has become a common practice in households with working wives or mothers. The changing lifestyle of the urban, young Indian is dramatic enough to favor the growth of the online food delivery market in India. Businesses who keep their value proposition and their brand active in consumer’s minds will take the biggest share of the Indian online food market pie. Online businesses and consumers expect online transactions to be safe, easy and efficient. New technologies have simplified B2C and B2B experience with mobile payments, contactless cards, and e-wallets. User demand for additional payment features, demand for cross border, multicurrency electronic payments and shifting purchase payments lead growth in multiple directions.
According to a payment security industry research conducted by Research on Global Markets, the global payment security market is expected to grow to USD 48.85 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 17.7% during 2018–2023. The three main challenges faced by the global payment security market are 1. Fraud and chargebacks: As e-commerce expands, the opportunity for fraudulent payments and data theft has grown. Chargebacks can damage the business reputation and can lead to closed merchants accounts and eventually closed business. Technologies such as fingerprint recognition and EMV can reduce frauds and chargebacks. Fingerprint data requires the physical presence of the consumer and cannot be replicated or stolen. 2. Cross border transaction: Cross border transactions are important for global trade though it is slow, expensive and inefficient. National banking infrastructure is not equipped to handle cross border payments. This results in non-uniform, independent technologies and software that complicate cross border transactions. 3. Multi-currency payment methods: electronic payments such as mobile payments, e-wallets, and credit cards enables global e-commerce and helps online merchants to compete in the international market. For merchants, cross border transactions may require new bank accounts and they might have to face regulatory hurdles in each national market. In the wake of recent retail, healthcare and government security breaches, every online business is aware that customer and card data security is the primary priority. Prevention of online payment issues and protection of cardholder data is a must for anyone who does online business. In this digital age, customers have moved towards ordering food online as it is easy, convenient and speedy. Restaurants all over India have accepted and embraced the online food delivery trend in order to boost their customer base, increase their sales, improve their online presence and increase their profit margins. By accepting this new technology, restaurants have simplified the lives of their customers and ensured steady business for themselves in today’s competitive market What are the advantages presented by the online food delivery market in India for restaurants? 1. Food at a click model: People can easily use online food delivery apps on their smartphones, tablets or laptops to order food online. Whether they are on a break, in the middle of a daily errand or stuck in traffic, anyone with a smartphone and internet connection can order food from the restaurants listed on the app. 2. Reduces chances of human error: there is always a possibility of an order getting misplaced or noted incorrectly over the phone. This can cause inconvenience to the customer and jeopardize the reputation of the restaurant. An online food delivery system provides the correct information to the restaurant and the customer can check everything before the final order is placed. 3. Low-cost marketing: when a restaurant is featured on an online food delivery app, it gains an online presence without having to spend hefty amounts on billboards or TV commercials. The online food delivery market in India ensures low cost yet effective publicity for restaurants. The online presence translates to a wider customer base and an eventual increase in sales and revenue. 4. Visual appeal attracts more customers- When customers are hungry, they are pushed towards ordering the visually appealing food they see displayed in the online menu. Their hunger drives them to order more food than they would have they witnessed a physical menu at a restaurant. Higher orders translate to a significantly larger stream of revenue for the restaurant. Restaurants need to put in some amount of effort to convert one time customers to regular and loyal customers. Apart from serving good quality food and excellent customer service, restaurants can provide regular discounts, giveaways, and loyalty points to those customers that reach out through online food delivery apps. Though India ranks second in the world in the production of fruits and vegetable, yet millions of people are deprived of their daily requirement of fruits and vegetable due to post-harvest losses. Huge amounts of food are lost due to post-harvest damages such as physical injuries, wilting, shriveling, decay due to bacteria and fungi, poor sanitation methods and lack of proper storage and transportation facilities.
Fruits and vegetables undergo several post-harvest changes which cannot be completely stopped but can be slowed down. Several strategies have been adopted by the fruit and vegetable industry in India to reduce post-harvest losses. Processing is one such strategy that diversifies the food supply chain along with creating employment and income opportunities. Juices, fruit pulp, jams, pickles, jellies pastes and dried version of different fruits and vegetables are examples of processed products. Most of the processing techniques focus on reducing the chances of decay and improving the quality of the product some of the common techniques are: 1. Thermal treatment- fruits and vegetables are dipped in hot water. This reduces the chance of infection along with improving the appearance of the produce. 2. Pre-cooling- Precooling frees the produce from field heat. Room cooling, vacuum cooling, and hydro-cooling are some of the methods adopted for this purpose. 3. Dehydration: dehydration treatments like salting, candying and brining of fruits aids in removing water from the produce by without exposing it to high temperatures. If combined with freezing and drying, it enhances the shelf life of the produce. 4. Freezing- fruits and vegetables can be kept fresh for up to a year if frozen and stored at a temperature of -18 degree Celsius. 5. Fermentation: this process employs the use of microbes for the bioconservation of fruits and vegetables. In India, produce is usually fermented to pickles. Due to the lack of post-fermentation treatments, most fermented products have a limited shelf life. The fruit and vegetable industry has a vast scope to compete globally, however, it must first overcome several challenges in the form of technological up gradation, adherence to globally set standards and quality management. Sports merchandise licensing is nothing but a contractual agreement that gives a company the legal right or license to manufacture, market and sell its products while using the brand name or logo of any particular sports team. Small businesses usually benefit significantly from such schemes.
The sale of licensed sports merchandise in the global market is a very profitable source of revenue for both manufacturers and the sports organizations. The licensor, which in this case would be the sports team, gets a royalty share for every merchandise that is sold. In-depth analysis of the sportswear industry shows that the brand value of the sports team is often boosted through the sale of licensed merchandise. The aim of any licensor is to select a licensee that is reputed and can maximize brand awareness among the buyers or clients. Many regions have a large fan-following of several sports teams due to successful marketing of the sports merchandise by the licensee, which is the company that is entrusted to use the logos and brand names of the sports team. This helps build a strong relationship between the fans and their favorite sports teams. For instance, reports suggest that the Middle-East and the United States are lucrative sports accessories market for European soccer teams. Having specific distribution strategies are of utmost importance to ensure the growth of the global licensed sports merchandise market. Retail chains, along with e-commerce platforms, have significant contributions when it comes to this aspect. The licensed sports merchandise market is built on the quality and consistency provided by the manufacturers. Counterfeits that are currently available in the market have the potential to seriously damage the reputation of both the sports team and the merchandise company, and thus it becomes necessary to have measures such as quality control to ensure that the products sold are being made in accordance with the standards set by the team. Umbrellas have been in use since times immemorial. Innovations, as well as disruptions in the market, has affected even this very modest piece of equipment that was anyway a staple of almost every household, all over the world.
Come rain or shine, umbrellas have been there to protect us from the nuances of Mother Nature. One does not need to discuss the importance they have when it comes to shielding themselves from the rain. The global umbrella market has also seen a boost after people started using them for protecting themselves from the sunlight, mostly due to increase in the awareness on the harmful effects that ultraviolet light has on the skin and body. Market research shows that umbrellas have been in use as walking sticks as well. Large umbrellas serve the purpose quite well, and can even save the individual from being soiled by the water that could be stagnant on the streets or the sidewalk. A rather unusual scope for the global umbrella market is that of using these friendly objects as defense weapons. Umbrellas that have sharp or pointed ends can serve the purpose quite well and offer a certain amount of protection while walking down shady alleys when one cannot avoid them. A new development in the umbrella industry has been that of the introduction of models, which are integrated with Bluetooth technology. These digital umbrellas eliminate the need for people to take out their phones to answer calls in the pouring rain. Umbrellas have been used as a fashion accessory since the Elizabethan and Victorian ages, mostly by women. Analysis of the umbrella industry shows that this trend is all set to return, especially due to the introduction of umbrellas by many luxury brands. These glamorous umbrellas work as a symbol of their affluent status. Many people love carrying fashionable umbrellas, which are usually brightly colored or have the imprints of famous paintings. |
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