Research On Global Markets
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There has been a lot of growth in the hospitality and the Hotel Industry In India recently. When compared with the previous decade, the industry didn’t have enough exposure, growth and this had a lot to do with the tourism infrastructure that wasn’t all that good. Now, however, there has been lots of movement and it even creates a plethora of new jobs each year.
Even though the hotel and tourism sector are worlds apart, they can’t be seen separately as hotels can only function when there is enough footfall in the tourism, travel sector. In India, it has also materialized as one of the key drivers of growth. During the CY 2017, over 10.04 Mn foreign tourists visited India, and after that, the industry registered a year on year growth of 7.5%. This rate also took into account the international corporate travelers and domestic travelers moving outstate. This was fostered by the Indian government, which had permitted 100% foreign direct investment (FDI) in tourism. These incoming investments went mainly into the construction projects, development of hotels, resorts, and recreational facilities. And today, this industry is one of the key contributors in the Indian economy, contributes immensely to the National GDP and provides employment to millions. You can look at it in two ways. In tourism, there are many reasons why someone would embark on a journey. And based on those needs, you have tourism for adventure, studies, medical and healthcare, ecotourism, rural, pilgrimages, wildlife and heritage In hotels, there are several kinds of temporary lodging offerings based on the kind of budgets that each of these tourists are prepared to pay for. So, tourists can choose from among resort hotels, business hotels, extended apartment hotels, timeshare hotels, convention centers, homestays and luxury hotels. Based on regular assessments by the Economic Survey of India and research on our side, India’s hotel industry is expected to reach a value of INR 1,210.87 Bn by the end of 2023, with a majority of their share coming from the unorganized sector and the rest from the organized sector. Related Story: How profitable is the Hotel Industry In India Can the Hotel Industry In India deal with present issues Good times ahead for the Hotel Industry in India!
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Rice is an essential component of sustaining life on this planet and with population increasing with passing time, the primary challenge is to produce more and more rice but at smaller lands and using less water and labours. Increasing productivity while decreasing usage of resources is a very big challenge and is faced by all regions that produce rice. In this blog let us look at the United States and study what are the challenges faced by the players in the US Packaged Dry Rice Market.
In telehealth, technology is used to deliver heath-care services to a remote location under the supervision of doctors. Once there is 5G, it could have an even wider range of applications. For now, this is how it’s benefitting the world of medicine. Decreased exposure to illnesses, especially the high-risk, contagious stuff that can be spread easily when patients travel to and from clinics. In the same way, doctors limit how they interact with these patients and others. The most obvious advantage of using solutions from the Global Telehealth Market, is how flexible it is to deliver a healthcare service, or with scheduling appointments, or how workers can manage an even bigger number of patients with ease. When a hospital is able to reach more patients in this way, they increase their revenues earned from them, and at the same time maintain a standard level of efficiency when addressing each of their needs. Patients don’t really lose out on quality healthcare, as this remote channel connects them with specialists. Issues like location barriers, natural calamities are no longer a problem. Of course, right now certain areas might be right out of reach but with 5G, things like data latency and channel reach will no longer be an issue. What this reduces is the number of missed appointments where the person is unable to make it, affecting the time that the doctor has and time or resources lost when rescheduling those appointments. Ultimately this gives the medical facility an added competitive advantage – which they can see to each patient they have, no matter what and even it means meeting the person in their homes or setting up a time when they could come over to the clinic, if necessary. People will see this, like it, and more likely to utilize the services of facilities that are prepared to go this extra length. Related Story: Emerging trends in the global telehealth market Main contributions of the Global Telehealth Market Could the Global Telehealth Market determine the future of healthcare? VR is a very popular technology around the world – used in a lot of games, causal entertainment apps and simulation programs where the use of a VR headset is required. It’s still in the stages of development, and there’s still lots more to do with it. And when it is perfected, VR will be applied in even moreindustries, but in itsexperimental mode, it can only be applied in these lighter modes.
In the Virtual Reality Market In India, only a few people involved in computer game and software development might know about it. Given its nature, VR software or applications isn’t like the games that you can download, so the market for it is very small. We also don’t have a lot of training centers that show how to build it – in other words, there’s not a lot of momentum for it. Even the VR powered applications used in professional training are costly, and this is a huge inhibitor for even importing them. Whatever movement or traction we are seeing is very minute, and its mostly to do with the making of VR apps and virtual videos.AR is expected to be a little bigger, where if taken in conjunction with VR is still very new and determining an ROI on it is tough, as they’re more of noveltysolutions and not really a necessity for Indian consumers. So, taking this into consideration, VR also doesn’t have much scope either but there are a handful of enterprises that are trying to develop or integrate VR as simulation platforms. Gaming will always be a major scope, and there are these VR experience zones being used for instore brand promotion for products and services. Building on this, VR will always be mainstream technology in the gaming world. The industry is still on the forefront, of using programming languages like Java, JavaScript, C++, and others to develop app, web and software offerings, and when improved, we could be looking at these offerings. • 360° and 3D, 4D video formats for all purposes. • Training simulations to be used in flight training and military applications. • Development of models, blueprints, interior representations, virtual building structure and design in real estate and engineering. • Assistance in healthcare in the form of surgeries, phobia treatment. • VR simulation of the raveling experience, hotel rooms, resorts in tourism and travel. |
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