Riding on Analytics, Indian Research and Insights Industry to Grow 2x by 2026 to $4.2 Bn: MRSI

Testament to #MakeInIndia with 3/4th of revenues being generated from international markets

Inaugural and baseline edition of Indian R&I industry launched by MRSI

The Market Research Society of India today launched its inaugural edition of the Indian Research & Insights (R&I) Industry Report. As per the report, the Indian R&I industry is expected to grow at a 12-14% CAGR to $4.2 billion (INR 31,300 crore) by 2025-26, compared to $2.1bn (INR 17,200 crore) in 2020-21. Moreover, India is fast becoming the global analytics hub, with international markets accounting for 3/4th of its revenues. As per the report, the Indian R&I sector employs more than 125,000 people.

During 2020-21, Marketing Analytics services accounted for 52% of the total Indian R&I industry revenues, while traditional Market Research and Syndicated/ Publishing services stood at 32% and 16%, respectively. By 2025-26, Analytics services will account for 59%, while Custom Market Research and Syndicated/ Publishing services will account for 27% and 14%, respectively, as per the report. The FMCG and Retail sectors are the largest consumer for Research and Insights with a share of 27%, followed by Information, Communications & Telecom (16%) and Banking, Financial Services & Insurance (15%).

Commenting on the report, Sandeep Arora, President, MRSI, said, "The Indian Research & Insights industry has staged a robust recovery and is emerging as the most sought-after destination for analytics, globally. The availability of talent coupled with proven expertise in data handling, technology, infrastructure and cost competitiveness will lead to an orbital shift in the industry by 2030. We not only expect the R&I industry to grow 2X in the next five years but can safely estimate the industry size to reach $10 bn by 2030, especially with the strategic direction that most providers are adopting to move towards MR 3.0. We are excited and proud to launch the inaugural edition of the Indian Research & Insights industry report."

MRSI partnered with Value Notes as the research partner for ensuring methodological objectivity of the report. The report curates the findings from exhaustive desk research, secondary data of 198 companies, and more than 140 interviews conducted with the industry professionals. All the data reported was stress-tested and sanity checked through expert interviews and triangulations. Besides the findings, the Report also includes exclusive thought leadership pieces from marque professionals from Indian R&I industry - on the industry's diverse segments. The 150+ paged report is available on a subscription basis on the MRSI website (www.mrsi.co.in).

About MRSI

The Market Research Society of India (MRSI) is a unique, dynamic and a not-for-profit autonomous market research body formed in 1988 by a large fraternity of research suppliers and users spread across India.

MRSI aims to guide, encourage, and uphold the highest quality standards of professionalism for all those who use, need, generate, or analyse and interpret insights/data in the research & insight industry. It is a platform that brings marketing professionals and insight professionals together and instills a code of conduct that should be followed in the research & insight industry in India and showcases the developments and innovations that take place.

Marketing and social research users, pure play analytics, KPOs, technology providers, consulting firms and anyone in the space of providing, using or buying consumer insights are members of MRSI along with organizations which provide support services to the industry, thus, it holistically represents the interests of the industry rather than specific sections.

4 Out of 10 MSMEs Changed Their Business Models to Survive the Pandemic, Reveals MSMEx Survey

Underlining the crushing impact of the pandemic’s second wave earlier this year on small businesses throughout India, over 70% of MSMEs interviewed for a new survey confirmed that their business suffered a debilitating impact in the aftermath of the second wave. The online survey of 150 MSMEs spread across India was conducted by MSMEx, India’s leading education and growth consulting services platform, to study the impact of covid-19 on the sector.

While 50% of the respondents affirmed that they are yet to fully recover from the ramifications of both waves of the pandemic, nearly 43% MSMEs said they changed their business model to survive the pandemic. When asked about the nature of adjustments made in their businesses, 56% MSME respondents said they were forced to adopt digital for marketing and payments, while 38% said they focused on improving their customer relations. 35% respondents had to take external financial help to support their businesses, while 34% said they moved to a remote working model.

"Our goal for this survey was to identify the breadth and depth of the pandemic’s second wave’s impact on India’s MSME sector, and how we could mitigate this impact and address their problems before another wave hits us. We are glad to see that the small businesses we surveyed have shown tremendous resilience and adaptability to survive. Our observation is that businesses with asset-light models, or those who altered their business models with ease to reduce the cash drain have successfully survived the lockdowns and the aftermath of Covid," said Amit Kumar, CEO and Co-Founder MSMEx.

While 11% respondents said their business has had a positive impact from the pandemic, 15% respondents also said in response to a separate question that their business was performing better than pre-covid times.

When asked about the support received from government schemes and incentives, 50% of the respondents said that the schemes did not help them with sustaining their business through the pandemic. Only 18% of the respondents found government schemes to be supportive. On the contrary, 42% of the respondents said they took financial help from friends and family.

Looking ahead, 42% of the respondents agreed that they need help to address delayed client payments, while 35% wanted government support in the form of lower input costs. 36% of MSMEs surveyed also sought help for dealing with mental stress caused by the unforeseen disruption, underlining the importance of mental health and business coaching and mentorship for running a successful business.

About MSMEx

MSMEx is an EdTech platform for providing Learning, Mentoring and Networking to micro and small Business Owners. Users can attend hundreds of live video sessions and can also talk to experts 1-to-1 over the video calls to get mentorship and advice from highly experienced and curated business experts. If needed these experts may be engaged by business owners for hand holding and execution support. For more information, please visit www.msmex.in

Indian Automobile Customers Willing to Stretch Budget for Safety: Mobility Outlook Survey

• Making safety features mandatory has had a positive influence on awareness of safety features
• Respondents willing to consider 4 or 5-star safety rated automobiles for their next purchase
• Readiness to pay extra for improved security features noticed

Mobility Outlook, a brand of CarTrade Tech, has released a new survey titled “Indian Consumers' Safety Behaviour and Perception of Vehicle Security”. The survey explores Indian customers' automobile purchase habits as well as their attitudes towards safety, security, and associated technology. Mobility Outlook is India's first and only platform that takes a holistic approach to the mobility industry, offering insightful perspectives on the entire mobility ecosystem. Nearly 270,000 responses from all across the country were gathered and analyzed. Frost & Sullivan, Mobility Outlook’s validation partner, subsequently conducted a comprehensive analysis.

Making safety features mandatory has had a positive impact on safety feature awareness, as most of the respondents were acquainted with vehicle safety features. ABS, Airbags, Roll-over Mitigation, and other safety features were familiar to the responders. The finding's revelation that 1/3 of respondents were uncertain about safety features in their current vehicle demonstrates a dearth of effective marketing and awareness campaigns. When asked about safety features they would consider for their next purchase, the vast majority picked critical safety features, with only 16% stating ‘not particular’.

According to the findings, the majority of the respondents were aware of vehicle safety ratings. The fact that 27% of respondents were unaware of safety ratings is grounds for serious concern. When asked what a higher safety rating means to them, most of the respondents said it means more safety features on vehicles and better occupant protection. 45% of respondents felt new vehicles would be safer than used vehicles, regardless of safety ratings, highlighting the need for better communication.

One of the survey's significant outcomes was that 3/4 of respondents preferred to explore 4 or 5-star rated safety vehicles for their future vehicle purchases, and were willing to extend their budget for safety. This finding indicates a rising feeling of responsibility among the Indian customers. Safety features should be standard, driving inside city limits does not demand safety features, and there is no value in paying extra for safety features, were among the reasons given by those who were hesitant to increase their budget for safety features. These findings are concerning because they reveal a gap in people's perceptions and associations with safety features.

Many of the respondents appeared to have a good and clear understanding of all of the security features in their existing and new automobiles. Respondents showed a strong inclination to pay extra for improved security features. Improved security features were believed to increase the resale value of vehicles by 17% of respondents. Nearly one-third of respondents mentioned they would be willing to spend more than INR 30,000 on upgraded security features. According to 30% of respondents, security features should be standard in all automobiles. One of the survey's major takeaways was that respondents ranked Tata Motors, Maruti Suzuki, and Honda Cars as the vehicles with the most security features.

Commenting on the survey, Mr. Banwari Lal Sharma, CEO - Consumer Business, CarTrade Tech, said, "The automotive industry is experiencing an industry transformation, with new security and safety features being introduced and incorporated. At the same time, this may bring a significant amount of complexity to the customers’ experiences. Hence, the automotive industry and its stakeholders need to understand how customers perceive such advancements. With this survey, we would be able to identify the demographics and places that require the greatest attention in terms of safety and security, as well as the consumers' perceptions and behaviour in these areas."

Owners and intenders of 4 wheelers and 2 wheelers participated in the survey, which was conducted in both metro and non-metro cities. The purpose of the study is to assist industry stakeholders in better understanding customer expectations, perspectives on safety and security technologies, and the factors that influence purchasing decisions in the new normal.

About Mobility Outlook:

Mobility Outlook is a mobility-focused brand of CarTrade Tech, one of India's leading automotive platforms.

Mobility Outlook is India's first and only multi-dimensional, multi-modal platform dedicated to the mobility industry, offering a holistic perspective and providing comprehensive insight into the mobility landscape. This encompasses everything from automobiles to airplanes, waterways to maritime, and every future form of mobility.

The platform publishes news, views, analysis, research papers, insights, and interviews, transforming itself into a one-stop destination for everything linked to the mobility space.

Mobility Outlook is geared towards customers and mobility professionals, as well as researchers, government agencies, libraries, and students. It is an interactive platform offering information and insights through its content, intelligence features, and events.

Learn more about Mobility Outlook at: www.mobilityoutlook.com

Microprocessor Market to Surpass USD 111.16 Billion by 2026 – TechSci Research

Growing micro data center, rising usage of personal computing devices, increasing demand of high-performance computing technology outlook to boost the global microprocessor market’s development through 2026.

According to TechSci Research report “Microprocessor Market — Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026”, Global microprocessor market is anticipated to grow at a CAGR of 4.44% in value terms, in the next five years to reach USD111.16 billion by 2026. The market was valued USD85.85 billion in 2020 and is expected to be driven by increasing proliferation of internet services and the growing trend of portable devices. Moreover, the adoption of work-from-home and distance learning modes in the midst of the COVID-19 pandemic has increased the sales of computers and smartphones around the world, further propelling the industry's growth.

The growing exchange of data through IoT-connected devices has created a demand for micro-data centers all over the globe. These micro-data centers offer maximum efficiency by greatly reducing energy consumption which in turn drives their increased adoption all around the industries. Infrastructure housed in micro-data centers of any microprocessor includes IT infrastructure, UPS (uninterruptible power supply) systems, power distribution units (PDUs), and cooling units. The numerous advantages that include lower transactional costs, high functioning and high storage by using micro-data centers are likely to escalate the microprocessor market, globally.

Browse more than 181 market data Figures and spread through 229 Pages and an in-depth TOC on “Global Microprocessor Market." https://www.techsciresearch.com/report/microprocessor-market/7385.html

Global microprocessor market can be segmented based on type, architecture, technology outlook, end user, company and region. In terms of type, the market can be segregated into desktop microprocessor, mobile microprocessor, performance microprocessor. The desktop and mobile microprocessor segments are dominating the overall microprocessor market in 2020 with a cumulative share of 70.01% due to global dependence on the internet and smart phone devices, which has also increased over the past few years. There has been an increased use of laptops, personal computers and smart phones during COVID-19 by employees, students, and consumers as most of the companies, schools and other organizations were running remotely. Desktop and mobile microprocessors are also driven by change in consumer lifestyles and increased disposable income which have led to increase in consumers’ ability to spend more over products for entertainment and connecting devices and the microprocessor market goes in sync with increased sales of these personal computers and smart phones devices, hence driving the market.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7385 Customers can also request for 10% free customization on this report

Some of the major players operating globally in microprocessor market include:

• Intel Corporation
• Taiwan Semiconductor Manufacturing Company Limited
• SK Hynix Inc.
• Qualcomm Technologies Inc.
• Micron Technology Inc.
• Broadcom Inc.
• Sony Corporation
• Nvidia Corp.
• Samsung Electronics Co. Ltd.
• Applied Materials Inc.

Players operating in the market are employing different growth strategies to register sound return in the market. For instance, Intel corporation set up a new chip factory or fab called Fab 42 for the manufacturing of 10nm processes. While, Taiwan Semiconductor Manufacturing Company, Limited is using advanced semiconductor process technologies, i.e., 5-nanometer production capabilities, which is the most advanced semiconductor process technology available in the world.

“In the end user segment, consumer electronics holds the largest share with 20.34% in the year 2020 due to wide application of microprocessors in consumer electronics and advancement in new technologies leading to new product development. The rise in demand for IoT devices such as smart mobiles, smart refrigerators, smartwatches, smart fire alarms, smart door locks, medical sensors, fitness trackers are driving the growth of the consumer electronics segment.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

According to TechSci Research report “Microprocessor Market — Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026 Segmented By Type (Desktop Microprocessor, Mobile Microprocessor, Performance Microprocessor), By Architecture (ARM, X86, SPARC, Others), By Technology Outlook (RISC, DSP, ASIC, SUPERSCALAR, CISC), By End User (Consumer Electronics, Medical, Server & Data Center, Automotive, Manufacturing, Others), By Company (2020)”, has evaluated the future growth potential of global microprocessor market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global microprocessor market.

Social Media Platforms Will Have To Adhere To Indian Privacy Laws Now: Tsaaro Survey

Tsaaro Conducts Survey On People's Expectations from Draft Personal Data Protection Bill 2019

Tsaaro, India's premier Data Protection as a services provider, today announced the key findings of its survey on people's expectations from the upcoming Personal Data Protection Bill 2019. The extensive study saw participation from more than 200 Privacy Professionals across Education, Healthcare, Information Technology, Banking & Finance, and other sectors. Tsaaro aimed to gather valuable insights and on that basis drafted a detailed report which depicted the stand of people on the draft of the Personal Data Protection Bill.

Over 51% of respondents said they thought the drafted Bill was at par with other global privacy laws such as the GDPR, CCPA & the PIPL. However, most of the participants recommended that the drafted Bill should provide for an independent Data Protection Authority similar to the GDPR. The drafted Bill in its current form allows for excessive Government intervention and therefore it is unlikely that the DPA will function independently.

When participants were asked whether they agree with the proposed provision of inculcating Data Localisation in reference to the organizations which are operating outside India, 70% of the participants agreed to the provision. 93% agreed that Social Media Platforms will have to adhere to Indian Privacy Laws now. A majority of the participants felt that the definition of critical data needs to be worked upon and a total of 71% of participants felt that the definition, as of now, was not up to the standard.

When asked if there should be a restriction on the number of Data Subject Requests an individual is entitled to, 69 % of participants agreed that there should be some form of limit that allows access without infringing on an individual's rights. While 76% of the respondents agreed that there should be a retrospective application of the provisions of the drafted PDP Bill. Only 10% of the participants responded that the upcoming Bill should be enacted as it is. When asked if consent should be the sole legal basis on which data may be processed, the majority of participants said no, adding that the law should allow for another legal basis on which data can be processed.

Regarding data subject rights, Tsaaro discovered that the majority of participants were worried that the drafted Bill does not guarantee the same rights to Data Subjects as privacy legislation such as the GDPR do.

Further, a majority of the participants were not satisfied that the existing data protection principles are sufficient in light of evolving technology. They felt that once the Bill is enacted there should be a given time wherein the organisation can ensure compliance and there must be a retrospective application of provisions and agreement on Data Localisation as a mandate for Social Media Platform especially to operate in India.

It was suggested that the upcoming Bill should state that in case of data breaches by public bodies they should be held liable for such a breach. Government bodies collect and processes large amounts of Personal Data and Sensitive Personal Data. Therefore they should not be exempted from complying with the provisions in the drafted Bill. In case of data access requests by public bodies, the entity subject to such a request should be obliged to inform this publicly unless the request is for crime or fraud prevention.

The majority of the participants felt that there must exist clear definitions of terms in the upcoming statute, as vague definitions create grey areas and further obstruction in the natural course.

Akarsh Singh, CEO & Co-founder, Tsaaro says, “Data Privacy is a growing concern amidst increasing number in Data Breach Incidents. The much-awaited personal data protection bill which is scheduled to be tabled in the winter session of the parliament starting today has received a mixed response. We wanted to deep-dive into the several possibilities, recommendations as well as a general overview of data privacy experts and professionals. The survey, conducted over the last 3 weeks, has been effective in bringing to light the key pain points of the industry and we hope to bring insights for people in general as well as the policy-makers to consider.”

The company aims to modernise training technologies and become a digital competence centre. The Academy is developing suitable strategies to partner with more specific and industry players to extend their services and also to provide more improvised training. The company take a pragmatic, risk-based approach to provide its clients with real-world, workable advice, guidance, and support that helps them to deal with a wide range of security and privacy-related challenges.

Financial Inclusion Index Increased by 1.4x in Southeast Asia

The survey conducted by Robocash Group revealed that key indicators, reflecting financial inclusion in Southeast Asia have increased by 1.4 times on average over a four-year period since 2017. Increased financial inclusion in the region suggests that the potential for credit services development in Southeast Asia remains untapped.

All countries recorded growth in the use of digital financial services, digital accounts and transactions. Myanmar is at the forefront of digital payments, savings and informal borrowing. However, borrowing from financial institutions fell twice. Vietnam has become a leader in growing savings in financial institutions. The country’s authorities have built a well-developed financial system that includes banks, P2P platforms and pawnshops.

Starting 2017 from a similar position to Vietnam, the Philippines has since shown a less intense rate. However, the country's authorities have already taken strong measures to massively digitise finance among the population. In Laos, the decline in loans from friends and acquaintances may be related to the increase in credit offerings on the local market. The reason for the relatively low development in Indonesia is likely to be the higher starting point in 2017 compared to Vietnam and Myanmar.

"Most countries have sustained growth in borrowing, either informally or through financial institutions. Along with the growth of loans, the population of Southeast Asia shows an increase in savings. This confirms an increase in consumption and justifies a broad outlook for expanding financial institutions in the region.”- comment Robocash group analysts.

A total of 688 Facebook and Instagram users from Myanmar, Vietnam, the Philippines, Indonesia and Laos were surveyed.

India FinTech Transactions Market to Grow at a CAGR of 49.13% until FY2027 – TechSci Research

Government’s push towards the adoption of digital payments and introduction of innovative and simple online platforms to move money has led to the growth of the India FinTech Transactions Market through FY2027.

According to TechSci Research report, “India FinTech Transactions Market By Payment Modes (Payment Interfaces, Payment Gateways, PoS Terminals, Prepaid Payment Instruments, Remittance & Others), By Services (Payments, Fund transfer, Personal Finance, Loans, Insurance & Others), By Application (Banking, Insurance, Securities & Others), By Region, By Top 10 States, Competition, Forecast & Opportunities, FY2017-FY2027”, the India FinTech Transactions Market is projected to cross USD8384.48 billion by FY2027 at a CAGR of 49.13%, on account of strong support by the government for a cashless economy. The government’s vision of ‘Cashless Bharat’ has led to the launch of various initiatives for the inclusion of technology-enabled digital payment services. The adoption of FinTech products in India among customers has increased significantly due to personalized services and superior customer experience via digital channels. Services like BBPS (Bharat Bill Payment System), which is an integrated bill payment system that offering interoperable bill payment service to customers online, has increased the adoption rate. Moreover, the increasing adoption of smartphones, the launch of 5G, etc, is expected to act as a catalyst for the growth of India FinTech Transactions Market.

Browse 28 Figures spread through 110 Pages and an in-depth TOC on "India FinTech Transactions Market " https://www.techsciresearch.com/report/india-fintech-transactions-market/7983.html


India FinTech Transactions Market is segmented based on payment modes, services, application, and region. On the basis of payment modes, the India FinTech Transactions Market can be divided into Payment Interfaces, Payment Gateways, PoS Terminals, Prepaid Payment Instruments, Remittance & Others. The Payment Interfaces segment held the largest market share in FY2021 as the launch of Unified Payments Interface (UPI) has made digital payments extremely convenient and hassle-free for consumers. The UPI interface powers multiple bank accounts into a single mobile application that merges several banking features, enables seamless fund routing and merchant payments into one hat. The UPI interface is developed by the National Payments Corporation of India and is regulated by the Reserve Bank of India.

In terms of Services, the India FinTech Transactions Market is categorized into Payments, Fund Transfer, Personal Finance, Loans, Insurance & Others. The Payments service dominated the market in FY2021 owing to the growth of smartphones, e-commerce, and connected devices. The government’s push along with the ease of payments from digital channels has led to the growth of payment services in the India FinTech Transactions Market. Moreover, with the development of innovative mobile applications such as Coin, Groww, etc. and with advanced technologies such as Artificial Intelligence and Data Analytics will lead to the growth of other sectors such as insurance, personal finance, etc. in the forecast period.

In terms of Application, the India FinTech Transactions Market can be segmented into Banking, Insurance, Securities & others. Banking applications segment is leading the India FinTech Transaction Market in FY2021. Due to the rising internet penetration, smartphone usage, a crowd of payment apps and booming e-commerce have made direct fund transfer from bank accounts hassle-free, increasing the use of FinTech technologies in banking applications. Further, the Insurance segment is the fastest-growing segment and is forecast to grow at the swiftest pace until FY2027. The growth of the insurance segment can be attributed to the launch of on-demand digital insurances from banks and other financial institutions.

According to TechSci Research The India FinTech Transactions Market by Region is segmented into South, North, West, and East. In this segment, south region dominated the market in FY2021 with a share of 37.39%. This is because the majority of the start-up companies are based in the southern region which leads to the growth of FinTech Transaction Market dominantly in this specific region, making customers fully satisfied with the services. North region has been forecast to grow at a high pace until FY2027 as the region has emerging start-ups as well as there is an increase in the customer's adoption of these technologies.

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Customers can also request for 10% free customization on this report.

PhonePe Private Limited, Google India Digital Services Private Limited (GooglePay), One97 Communications Limited(Paytm), National Payments Corporation of India (NPIC)(BHIM App), Amazon Pay (India) Private Limited, ONE MOBIKWIK SYSTEMS LIMITED, Pine Labs Pvt. Ltd., Mswipe Technologies Private Limited, Razorpay Software Private Limited, IndiaIdeas.com Limited (Billdesk), Lendingkart Finance Limited, Policybazaar Insurance Brokers Private Limited, Zerodha Broking Ltd., State Bank of India (YONO), and Dhani Services Limited, etc. are among the leading players operating in the India FinTech Transactions Market. The companies operating in the market are focusing on adapting to changing technology, bringing innovative solutions for the customers, data security, and expansion of sources to increase their shares in the market. Companies operating in the market are using strategies such as product advancements through the addition of new features, mergers, and collaborations to boost their share.

“The shift in the customer preferences from traditional banking to online banking over the past few years has risen owing to the rapid increase in the availability of supporting platforms, digitization, and services provided at no cost. Moreover, there is a rapid advancement and adaptation of new technologies by the FinTech players, and all these are highly supported by government initiatives towards digitization, and cashless economy, etc. The shift of customer base from traditional banking methods to digital platforms is expected to drive the India FinTech Transactions Market through FY2027.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

"India FinTech Transactions Market By Payment Modes (Payment Interfaces, Payment Gateways, PoS Terminals, Prepaid Payment Instruments, Remittance & Others), By Services (Payments, Fund transfer, Personal Finance, Loans, Insurance & Others), By Application (Banking, Insurance, Securities & Others), By Region, By Top 10 States, Competition, Forecast & Opportunities, FY2017-FY2027” has evaluated the future growth potential of India FinTech Transactions Market by providing the statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India FinTech Transactions Market.

Cloud Computing in Healthcare Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Application (Clinical Information Systems (PACS, RIS, LIS, EHR/EMR, Others), Non-Clinical Information Systems (APB, RCM, HIE, Financial Management Solutions, Others)), By Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud), By Service Type (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By End Users (Healthcare Providers, Healthcare Payers) and By Region

https://www.techsciresearch.com/report/cloud-computing-in-healthcare-market/7878.html

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global, and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

A Record $13.5 Billion in Corporate Funding Raised by Battery Storage, Smart Grid, and Energy Efficiency Companies in 9M 2021, Reports Mercom Capital Group

Battery Storage Companies Bring in a Record $11.4 Billion in Corporate Funding in 9M 2021

Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and nine months (9M) of 2021.

To get a copy of the report, visit: https://mercomcapital.com/product/9m-q3-2021-funding-ma-report-storage-grid-efficiency

Total corporate funding (including venture capital funding, public market, and debt financing) for Battery Storage, Smart Grid, and Efficiency companies in 9M 2021 was up 184% year-over-year (YoY) with a record $13.5 billion compared to $4.7 billion raised in 9M 2020 when the market was affected by COVID-19.

Global VC funding (venture capital, private equity, and corporate venture capital) for Battery Storage, Smart Grid, and Efficiency companies came in 235% higher in 9M 2021 with $6.5 billion compared to $1.9 billion in 9M 2020. Investments continue to rise, with battery storage companies poised to play a vital role in the transition from fossil fuels to renewables.

In Q3 2021, VC funding for Battery Storage, Smart Grid, and Efficiency companies decreased with $1.6 billion in 34 deals compared to $3.6 billion in 28 deals in Q2 2021. Q2 2021 funding activity was high primarily due to a multi-billion-dollar deal in the Battery Storage sector. Funding amounts were 49% higher YoY compared to the $1.1 billion raised in 22 deals in Q3 2020.

Battery Storage

In 9M 2021, a record $11.4 billion was raised in corporate funding in 73 deals, up 244%, compared to the $3.5 billion raised in 35 deals in 9M 2020. Following the corporate funding drop in Q1 2020 (due to the COVID-19 pandemic), funding levels have continued to improve each quarter.

VC funding in Battery Storage companies in 9M 2021 was up significantly (363%) with $5.5 billion in 59 deals compared to $1.2 billion in 21 deals in 9M 2020. This is the highest ever amount of funding received by Battery Storage companies in a 9M period. Northvolt's $2.75 billion funding round in Q2 2021 was a big part of the increase.

The Top 5 VC funding deals in 9M 2021 were: Northvolt, which raised $2.75 billion, Sila Nanotechnologies, which raised $590 million; Form Energy and Nexamp, which secured $240 million each, and Ambri, which raised $144 million. A total of 223 VC investors participated in Battery Storage funding in 9M 2021.

Announced debt and public market financing activity in 9M 2021 ($5.8 billion in 14 deals) increased 152% compared to 9M 2020 when $2.3 billion was raised in 14 deals.

In 9M 2021, there were 15 Battery Storage M&A transactions compared to 11 transactions in 9M 2020.

In the first nine months of 2021, there were 31 battery storage project acquisitions compared to 15 in 9M 2020. Battery storage project acquisition activity doubled in both Q3 and 9M 2021.

Smart Grid

VC funding in Smart Grid companies in 9M 2021 was 46% higher with a record $936 million compared to the $643 million raised in 9M 2020.

In Q3 2021, VC funding for Smart Grid companies increased with $473 million in eight deals compared to $176 million in seven deals in Q2 2021. Funding amounts were 29% lower YoY compared to $368 million raised in 11 deals in Q3 2020.

The Top 5 VC funding deals in 9M 2021 were: Aulton, which raised $232 million, Ample which raised $160 million, Volta Charging, which brought in $125 million; Mainspring Energy, with $95 million; and FreeWire Technologies, which received $50 million.

Announced debt and public market financing for Smart Grid companies came to $831 million in three deals in 9M 2021 compared to $10 million in three deals in 9M 2020.

In 9M 2021, there were a total of 17 Smart Grid M&A transactions (one disclosed) compared to 18 transactions (four disclosed) in 9M 2020.

Efficiency

VC funding for Energy Efficiency companies in 9M 2021 was 95% lower with $5 million compared to the $95 million raised in 9M 2020.

One Energy Efficiency company each raised an undisclosed amount of VC funding in Q3 2021 and Q2 2021. In a YoY comparison, $48 million was raised in four deals in Q3 2020.

Announced debt and public market financing activity in the first nine months of 2021 ($343 million in one deal) was 31% lower compared to 9M 2020 when $500 million was raised in one deal.

In 9M 2021, there were two Efficiency M&A transactions ($300 million) compared to four transactions ($1.4 billion) in 9M 2020.

To get a copy of the report, visit: https://mercomcapital.com/product/9m-q3-2021-funding-ma-report-storage-grid-efficiency

About Mercom Capital Group

Mercom Capital Group, LLC, is a global communications and research firm focused on clean energy. Mercom delivers highly respected reports covering Solar Energy, Energy Storage, and Smart Grid & Energy Efficiency. Our reports provide timely industry happenings and ahead-of-the-curve analysis for C-level decision-making. Mercom's communications division helps companies and financial institutions at the forefront of energy transition achieve their ESG goals while building powerful relationships with media, analysts, government decision-makers, local communities, and strategic partners. Mercom subsidiary, Mercom Communications India, is a clean energy media and research platform covering India's energy transition. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com Get Mercom's clean energy reports at: http://store.mercom.mercomcapital.com/page/.

Notable India Deals in Q3 2021

Battery Storage

• Log 9 Materials, an aluminum fuel cell technology developer, raised $8.5 million in funding from Amara Raja Batteries, Exfinity Ventures, Sequoia Capital India's Surge Programme,Rajesh Yabaji, Chanakya Hridaya, Rajesh Ramaiah, Desikan Sundarajan,Faiz Mayalakkara, and AC Ventures.
• ION Energy, battery management and intelligence platform provider, raised $3.6 million in funding from Amazon's Climate Pledge Fund, Climate Capital, YourNest Venture Capital, Riso Capital, and Venture Catalysts.
• Energy technology company GODI Energy raised an undisclosed amount of funding from Blue Ashva Capital.
• Indi Energy, an Indian energy storage startup, raised an undisclosed amount of funding from Mumbai Angels Network.

Smart Grid

• BluSmart, an integrated EV ride-hailing and charging company, raised $25 million in funding from bp ventures, Mayfield India Fund, 9Unicorns, and Survam Partners.

97% of Indian Companies Say CX Innovation is Required to Protect Businesses from Competitors: Zendesk Study

97% of Indian companies say CX innovation is required to protect businesses from competitors: Zendesk study

According to new research released today by Zendesk, Inc (NYSE: ZEN) in partnership with Enterprise Strategy Group (ESG), companies in Asia Pacific (APAC) that have continued to invest in their customer experience (CX) over the past year are 10.3 times more likely to have maximised their resiliency during the pandemic and five times more likely to have grown their customer base in the past six months. Organisations in India stood out against their APAC counterparts, displaying a keener interest in taking the CX route to business growth. Most Indian organisations (88%) accelerated their CX projects over the past 12 months compared to their counterparts in South Korea (67%), Australia (65%), Singapore (62%), and Japan (37%).

“In today’s digital-first economy, improving one’s customer experience is critical. In fact, our research with ESG confirms that the customer service function has evolved from a cost centre to become a revenue driver for businesses. Indian organisations who realised this have made great strides in maturing their customer experience capabilities, and are seeing the results. It’s important that all businesses - regardless of industry, size and life cycle - continue to invest and innovate in CX for long term success and growth,” said KT Prasad, MD & RVP, India & SAARC, Zendesk.

The 2021 State of CX Maturity Report surveyed more than 3,400 CX decision makers globally - of which 921 were from APAC including India, Australia, Japan, Singapore, and South Korea - to understand the characteristics and benefits of customer experience leadership. ESG built a CX maturity scale to identify common patterns and behaviors that separate high-maturity CX organisations - what ESG calls the “Champions” - from three levels of less-mature ones: “Starters”, “Emerging”, and “Risers”. The report outlines what businesses need to do to move up the maturity scale.

The research found that the number of Champions within midsized and enterprise companies in Asia Pacific has increased from 6% to 8% since 2020, with India (16%) and Australia (12%) having the highest proportion of Champions. The greatest gains in the region were tied between India, Australia and Singapore, which all saw a 6 percentage point increase from 2020.

“The findings indicate that the shift to digital and remote work during the pandemic served as a trigger for companies to accelerate their adoption of new technologies, policies and processes to benefit from a higher CX Maturity,” added Adam DeMattia, Director of Custom Research at ESG. “Across Asia Pacific, Champions recognise that service excellence can be a differentiator, and are actually accelerating investment in CX projects.”

CX-led innovation is a competitive differentiator, particularly in India.

The vast majority of respondents in APAC (90%) agree that CX innovation is required to protect their business from competitors. And in India, 97% of midsize and enterprise-sized Indian organisations agree with this sentiment. In fact, three quarters of them recognise the strategic imperative of CX innovation, significantly more so than their counterparts in South Korea (49%), Japan (45%), Singapore (42%) and Australia (41%).

They also see the value of data to help focus this innovation - 100% of Indian organisations say they use support data to expand sales opportunities and business growth, the highest globally. And they’re reaping the results - an overwhelming majority (94%) report a significant impact on business growth, higher than any other country surveyed.

Among the four levels of CX maturity, Champions in APAC are taking the lead in driving continuous innovation in their CX and using customer service data.

• APAC Champions are 7.4 times more likely than Starters to be using service data extensively.
• When used, that data is delivering results - APAC Champions are 17.3 times more likely to identify the impact on sales success as “game changing”, oustripping counterparts in North America (12.7 times) and Europe (9.4 times).
• APAC Champions are also 2.8 times more likely than Starters to have accelerated major CX projects over the past year.

CX maturity and innovation linked to business resilience and revenue growth

There also continues to be a clear correlation between improved CX maturity and the benefits of increased customer satisfaction (CSAT), faster response times, and effective customer service. Notably, the study also calls out the connection between CX maturity and greater business growth and revenue.

• This connection is most pronounced in Asia Pacific, with midsized and enterprise Champions from the region 4.7 times more likely than Starters to have grown their customer base over the past six months, and 10 times more likely to have increased per-customer spend significantly over the same time period.
• Champions are also changing how the customer service function is viewed across their organisation. With digital interaction being the main connection point with many customers, Champions in Asia Pacific are three times more likely than Starters to operate profitable service teams, where direct revenue exceeds the cost of customer service.
• APAC Champions are also better positioned to adapt and thrive in the face of change, taking roughly half the time to grow their team by 50% and onboard new hires (22 days versus 43 days for Starters) and add a new channel (21 days versus 45 days for Starters).

Investment in CX leads to better agent retention and productivity

Agent turnover, technology, flexibility and wellbeing all emerged as areas of investment and focus for teams over the course of the past 18 months. This led APAC Champions, in particular, to move quickly to implement tools to support overwhelmed service teams.

• Investments and process changes made by APAC Champions in the early stages of the pandemic include increased utilisation of public cloud services (66%); more flexible remote work policies (64%); expanded mental health/wellbeing initiatives (64%); more flexible working hours (60%); and the adoption of new collaboration tools (60%).
• Larger APAC businesses have also increased customer visibility in the past year, with 43% saying they have achieved a “single source of truth” when it comes to customer profiles compared to 25% a year ago. A closer look at APAC Champions found that they are 6 times and 9.4 times more likely to deliver excellent customer visibility and cross-channel visibility, respectively, to agents than Starters. In fact, over three quarters of larger Indian organisations (77%) achieved greater cross-channel visibility, a significantly higher percentage than their counterparts in Australia (36%), Singapore (29%), South Korea (23%), and Japan (17%) .
• As a result, APAC Champions are 4.3 times more likely to have excellent agent retention and 72% higher agent productivity than Starters. That said, staffing turnover continues to be a challenge for more than one in three APAC organisations, up from 23% in 2020. This figure rises to 76% among midsize and enterprise-scale businesses in India.
• Between accelerating CX investments and adapting service policy changes earlier in the pandemic, Champions in APAC are 10.3 times more likely to believe they made the right investment and policy decisions during the pandemic to maximise their resiliency. Indian organisations stand out against their APAC counterparts as close to two thirds (64%) feel they made the right CX investments to increase their business resiliency in the future versus 11% in Japan, 21% in Singapore, and 28% in Australia and South Korea.
• APAC Champions also expect a 25% increase in the number of remote agents, even after the COVID-19 pandemic is no longer an issue.

Conversational experience for stronger customer relationships

Globally, Champions are three times more likely to prioritise delivering conversational customer experiences that can build deeper customer relationships. And in APAC, Champions unanimously agree that pivoting to a more conversational experience with customers is a key goal for their teams - signalling the shift away from transactional service focused purely on resolving tickets.

• Organisations in APAC have increased the number of service channels year-over-year from an average of 7 to an average of 7.8.
• Many anticipate that preferences and changes will continue to shift as well: 73% of APAC organisations predict that chat and social channels will be most used by customers in the future, up from 54% who say this is the case today.
• Meanwhile, Indian organisations lead globally in their enthusiasm for a conversational future, with 79% of them agreeing that chat and social channels are most used by customers today and 100% predicting this will remain the case in the future.
• Zendesk’s customers in India include ITC Foods, Ola, 1MG, DevFactory, Dream11, Slice, Magicbricks.com, etc.

- For more information, download the report, The State of CX Maturity, here

- Read the blog content series on how businesses can achieve CX maturity here

- Check out the virtual event, “CX Discoveries: Decoding Customer Service” here

Methodology

In the second quarter of 2021, ESG conducted a double-blind survey of 3,450 line-of-business decision makers - of which 921 where from Australia (N=203), India (N=200), Japan (N=208), Singapore (N=197) and South Korea (N=113) - who were responsible for ensuring and enhancing the customer service at their organisation. Organisations spanned all market segments, from small businesses to large enterprises, and multiple industry verticals like retail, consumer and corporate services, financial services, healthcare, education, and technology companies, among others.

About Zendesk

Zendesk started the customer experience revolution in 2007 by enabling any business around the world to take their customer service online. Today, Zendesk is the champion of great service everywhere for everyone, and powers billions of conversations, connecting more than 100,000 brands with hundreds of millions of customers over telephony, chat, email, messaging, social channels, communities, review sites and help centers. Zendesk products are built with love to be loved. The company was conceived in Copenhagen, Denmark, built and grown in California, taken public in New York City, and today employs more than 5,000 people across the world. Learn more at www.zendesk.com.

About ESG

Enterprise Strategy Group is an integrated technology analysis, research, and strategy firm providing market intelligence, actionable insight, and go-to-market content services to the global technology community. Learn more at www.esg-global.com.

FinTech Market to Grow at a CAGR of 26.87% During the Forecast Period – TechSci Research

Rising demand for contactless payments, increased adoption of IOT devices, accelerating economic relief projects and investments in FinTech industry to drive global FinTech market through 2026.

According to TechSci Research report, “Global FinTech Market By Technology (API; AI; Blockchain; Distributed Computing, Others), By Service (Payment; Fund Transfer; Personal Finance; Loans; Insurance; Others), By Application (Banking; Insurance; Securities & Others), By Region, Competition, Forecast & Opportunities, 2026”, Global FinTech Market was valued USD7301.78 billion in 2020 and is expected to grow at a CAGR of 26.87% during the forecast period on account of increasing popularity of digital payments, the increasing investments in AI, machine learning, blockchain and big data due to its high efficiency to deliver cost-effective services and supporting government initiatives across the globe.

Rising internet penetration, adoption of e-commerce platforms across the economies coupled with rising smartphone penetration, accelerated partnerships, and increasing funding in start-ups are some of the other factors for the growth of the FinTech market globally. However, the concerns related to data security and lack of skilled consultants to deploy AI in FinTech might hamper the growth of the global FinTech market during the forecast period.

Browse FinTech Market 130 Figures spread through 151 Pages and an in-depth TOC on "Global FinTech Market " https://www.techsciresearch.com/report/fintech-market/4235.html

Global FinTech market can be segmented based on technology, service, application and region. In terms of technology, the market is categorized into API, AI, blockchain, distributed computing and others, including big data, robotic process automation, etc. The API segment held the majority of the market share in the year 2020. The implementation of technologies such as blockchain, artificial intelligence and machine learning is driving the financial services industry to adopt FinTech. The application of big data by FinTech companies is enabling them to identify suspicious behavior, which could be malicious to business operations. Artificial Intelligence is being increasingly integrated into the financial services industry across the globe. AI in FinTech platforms is being implemented for cost optimization of banks and other financial institutions.

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Ant Group Co. Ltd., Paypal Holdings Inc., Tencent Holdings Ltd, Robinhood Markets Inc., Google Payment Corp., One97 Communications Ltd., Adyen NV., Qudian Inc., Afterpay Limited, Nexi SpA, Klarna Bank AB, Social Finance, Inc., Avant, LLC, among others are the leading players operating in Global FinTech Market. Companies operating in the FinTech market are using inorganic growth strategies in order to increase their market share.

“Due to the COVID-19 pandemic, several countries across the globe suffered adverse economic consequences owing to the lockdown to contain the spread of the virus. The COVID-19 pandemic conferred new financial challenges, because of which individuals adopted FinTech apps and services to assist them navigate a broad variety of monetary needs, such as banking, pay analyzers and making payments, among others. Payment wallets witnessed a significant rise in transactions for P2P transfers, bill payments, and P2M payments for essential services as a result of the lockdown implementation and aversion to exchange cash. Payment gateways transactions went up in volumes as payments were created through online platforms. Numerous FinTech companies have developed new products and provided digital solutions to meet the needs of rapidly changing economic conditions. FinTech investments in APAC have witnessed enormous growth in 2020 and the first half of 2021. FinTech firms across APAC are more focused on expanding their portfolio, customer reach and breadth of services.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

According to TechSci Research “Global FinTech Market By Technology (API; AI; Blockchain; Distributed Computing, Others), By Service (Payment; Fund Transfer; Personal Finance; Loans; Insurance; Others), By Application (Banking; Insurance; Securities & Others), By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of global FinTech market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global FinTech market.

CPaaS Revenue to Exceed $10 billion Globally in 2022, as Vendors Seek Further Platform Differentiation

A new study from Juniper Research has found the global value of the CPaaS market will exceed $10 billion for the first time next year; rising from $8.6 billion in 2021. This represents growth of 17% year-on-year. To capitalise on this remarkable growth, the research predicts CPaaS vendors will seek to further differentiate their services by integrating novel solutions directly into their service platforms. [CPaaS platforms offer a centralised management service for outbound communications, including SMS, OTT business messaging, RCS and voice services].

For more insights, download our free whitepaper: How CPaaS will be Disrupted in 2022

Customer Data Platforms – Key to Differentiation

The new study, CPaaS: Future Market Outlook & Emerging Opportunities 2021-2026, urges platform vendors to expand their range of value-added services to achieve this differentiation. The research identified the development of CDPs (customer data platforms) as a key service that will increase the significance of a CPaaS platform by providing actionable insights into end user preferences, such as contact time, contact channel and upselling opportunities. In turn, brands and enterprises using CPaaS platforms will enhance the value of mobile communications by automatically contacting users over preferred channels at preferred times.

Research author Sam Barker commented: “CDPs are an important step in creating differentiation in an increasingly saturated CPaaS market. As traffic over rich media channels increases, CDPs will enable brands and enterprises to tailor communications at a user level; creating a compelling and convenient experience for mobile subscribers.”

Rich Media Messaging to Benefit from CDPs

The report predicts contribution of rich media messaging formats will become increasingly significant in generating CPaaS vendor revenue. By 2026, over 20% of CPaaS revenue will be attributable to RCS and OTT business messaging channels; rising from less than 2% in 2021. As SMS business messaging traffic growth slows, the research advised platforms to onboard SMEs willing to explore rich media messaging. In turn, CPaaS platforms must then highlight the benefits that CDPs will bring to the rich media functionalities of OTT messaging channels to attract new customers.

Cryogenic Fuels Market to Be Dominated by Manufacturing Segment Through 2026 – TechSci Research

Increasing demand for surface chilling process of food industry and growing aerospace industry is expected to drive the demand for global cryogenic fuels market in forecast period.

According to TechSci Research report, “Cryogenic Fuels Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (Liquid Nitrogen, Liquid Air, Liquid Helium, Liquid Neon, Liquid Hydrogen, and Liquefied Natural Gas), By End Use Industry (Energy, Manufacturing, Aerospace, Healthcare, Chemical, and Others) and By Region”, the global cryogenic fuels market is expected to grow at a steady CAGR for the forecast period, 2022-2026. Cryogenic fuel majorly constitutes liquefied gases such as liquid hydrogen, liquid nitrogen, liquid helium, liquid air, and liquefied natural gas. 

The word cryogenic means relating to low temperature or producing which means the cryogenic liquid is kept at a very low temperature. The cryogenic liquid is divided into three main groups namely inert gas, flammable gas, and oxygen. These are stored and shipped in thermally insulated containers such as liquid dewar flasks, laboratory liquid dewar flasks, liquid cylinders. These cryogenic liquid containers are specifically designed to withstand extreme differences in temperature and changes in temperature. 

The high demand for cryogenic fuels from various end-user industries including chemical industries, healthcare, manufacturing, aerospace, and the power industry is expected to contribute to the surge in the global cryogenic fuels market growth in the next five years. The growing demand for industrial gases such as specialty gases, liquid oxygen, liquid nitrogen, compressed air & helium in the healthcare sector is influencing the demand of cryogenic fuels market. Liquid nitrogen is used for the cryogenic storage of body organs and blood bank storage units. High-end investments for the development of advanced technologies to reach outer space and to promote space exploration activities are accelerating the growth of the global cryogenic fuels market.

However, initial high-end investment for setting-up of cryogenic plants for bulk production may restrain the global cryogenic fuels market growth in the forecast period.

Browse XX Figures spread through XX Pages and an in-depth TOC on "Global Cryogenic Fuels Market”.

https://www.techsciresearch.com/report/cryogenic-fuels-market/7774.html


According to TechSci Research Global cryogenic fuels market is segmented into type, end use industry, regional distribution, and company. Based on type, the market can be divided into liquid nitrogen, liquid air, liquid helium, liquid neon, liquid hydrogen, and liquefied natural gas. The liquid air segment is expected to witness significant growth for the forecast period, 2022-2026. The technological advancements to use liquid air in different ways are fueling market growth. The use of liquid air in propellants to launch rockets that carry the broadcast, communication, and other satellites into space. Based on the end use industry, the market can be divided into energy, manufacturing, aerospace, healthcare, chemical, and others. 

The manufacturing segment is expected to account for major global cryogenic fuels market growth for the next five years. The rapid industrialization across the developing economies such as India, China, and Brazil have contributed to a surge in the set-up of manufacturing or production units of various prominent industry verticals including automotive, steel, consumer electronics, and others. Availability of raw material and low-cost labor is attracting foreign investments in developing economies.

Air Liquide S.A., Air Products and Chemicals, Inc., Air Water Inc., Messer Group Gmbh, Praxair Technology Inc., Advanced Gas Technologies Inc., Matheson Tri-Gas, Inc., Gulf Curyo, SOL Group, Norco, Inc. are the leading players operating in global cryogenic fuels market. Market players are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several cryogenic fuels manufacturers are coming up with their technologically advanced offerings.

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“Several economies are making high-end investments to promote research and development activities by establishing new research and testing facilities to advance in the field of biotechnology and pharmaceuticals to invent ways to use cryogenic fuels for different applications. The development of carbon capture technology to capture the greenhouse gases such as carbon dioxide, nitrogen oxides, sulfur dioxides released from the power plants and other industries to lower the adverse impact on the environment is expected to boost the demand for cryogenic fuels across the globe. The presence of innovative ways to use cryogenic fuels and the huge availability of cryogenic fuel over fossil fuel is expected to propel the demand for global cryogenic fuels market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

According to TechSci Research “Cryogenic Fuels Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Type (Liquid Nitrogen, Liquid Air, Liquid Helium, Liquid Neon, Liquid Hydrogen, and Liquefied Natural Gas), By End Use Industry (Energy, Manufacturing, Aerospace, Healthcare, Chemical, and Others) and By Region” has evaluated the future growth potential of global cryogenic fuels market and provided statistics & information on market size, shares, structure and future market growth. 

The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global cryogenic fuels market.

Total Online Video Market Revenues in South-east Asia Set to Reach $4.5bn by the End of 2025

Representational

The total online video market revenues in South-East Asia are set to rise to $4.5bn by the end of 2025 according to Omdia’s latest South-East Asia Online Video Trends report. By 2025 it is forecast that 62% revenues will come from advertising in 2025.

In 2020 the ad-supported segment continued to lead the online video market in South-East Asia with 71% of total revenue contributed by ad-supported online video services. Omdia’s forecasts show that the subscription-based online video market share will increase from 28% to 37% of total online video revenue from 2020 to 2025. Transactional online video is meagre in this region with less than 1% of total market share. In 2020 the total online video market value in key South-East Asia markets, including Indonesia, Malaysia, the Philippines, Singapore, Vietnam, and Thailand, reached $1.8bn.

Advertising Revenues Driven by Duopoly:

Facebook and YouTube’s popularity in this region is uniform, and the duopoly will remain the biggest contributors to the advertising online video market for all markets. YouTube’s revenue mainly comes from its in-stream video ad revenue, whereas Facebook’s video advertising revenues is mainly generated from out-stream video format. In this region, Omdia estimates 75% of in-stream video ad revenue comes from mobile and 20% from PC. Though only 5% is from connected TV (CTV), Omdia expects the CTV segment to grow during the forecast period, albeit at a slower pace than in the US and Western Europe markets.

 

Kia Ling Teoh, Senior Research Analyst at Omdia, commented: “Other players’ shares will expand to squeeze into the duopoly’s share over the forecast period. This trend is bolstered by more direct-to-consumer OTT video service launches in this region, broadcasters’ ongoing efforts to strengthen their position in the premium video ad marketplace and growth of local and regional players as a result of more enhanced partnerships between content and service providers."

Jun Wen Woo, Senior Research Analyst at Omdia, commented: "The subscription online video market will continue to grow in South-East Asia with pay TV and telco operators adopting the super aggregator model. More players will introduce flexible, modular tariff structures that allow users to personalize and customize their online video entertainment selections. Given the low credit card penetration in the region, offering more local payment options—mobile wallet, scratch card, and local bank transfer—will remain important to increase conversion to paid users.”

Enrollments in Online Trainings Expected to Reach 1 Million Yearly by 2025: Report

Internshala Trainings, the e-learning arm of Internshala, recently brought out the yearly ‘e-learning trends report’ highlighting the growing inclination of learners towards online learning. Observing a steep growth of 17x in enrollments over the past 6 years, from 2015-2021, the platform projects that there would be 1 million students registering for online trainings, in a year, by 2025. Interestingly, students’ participation in online trainings grew by 142% in the past one year alone, indicating how quality education and up-to-date teaching pedagogy is being preferred by learners and working professionals to upskill across India.

As per the report, increasing job prospects in the field of technology and online marketing led to the popularisation of trainings like programming with Python with 26% enrollments, and digital marketing and web development with 23% enrollments in each. Other trainings amongst the top 5 popular skills that students learnt in 2020-21 included AutoCAD and machine learning with 14% enrollments in each.

To focus on learning, avoid distraction, have access to additional information while learning simultaneously, and ensure timely completion and submission of assignments, 57% of the learners chose to study on a desktop or laptop while 43% study on their mobile devices. The report also suggests that 38% of the learners enrolled in an online training to get an internship or job opportunity and 37% of the learners wanted to learn a new skill. Getting a certificate, building their own project, and fulfilling college requirements were other major reasons why most of the learners chose online trainings.

Interestingly, learners' dedication towards timely completing the modules, assignments, quizzes, code challenges, and industrial projects is also growing leading to 69% of the learners successfully completing their trainings and attaining their learning objectives. Womens' participation in online courses was also predominantly evident with 44% enrollments in the popular courses.

Another major highlight of the report is that the highest number of enrollments were registered in online trainings from tier-3 city learners with 41% participation. This gives an insight into how learners from small towns are defying geographical boundaries, staying productive, and making the best use of resources available to them. 37% learners from tier-1 whereas only 23% learners from tier-2 cities chose online trainings to upskill. April to June is the most popular period when learners spend their time learning new skills through online trainings. Enrolments in May were the highest, 6.42 times the number in October, which highlights how learners focus on staying productive during the summer months.

Addressing the increasing popularity of online trainings among learners, Sarvesh Agrawal, the founder and CEO of Internshala Trainings said, “New-age job opportunities require young learners to hone and continue updating their skill-set for career progression. Young graduates and professionals prefer online trainings as these are affordable, short-termed, self-paced, practice-based, and ensure knowledge building anytime, anywhere.

“We are constantly striving to make a world-class product by introducing new beginner-level trainings, specialisation courses, engaging gamification elements, and advanced assessment techniques to make learning accessible to all and to provide the best services to our learners,” he added.

5G Smartphones to Represent Over 50% of Smartphone Sales Revenue by 2025

Photo by Dan Gold on Unsplash

210% Growth Over Next 4 Years

Hampshire, UK – 16th August 2021: A new study by Juniper Research has found that 5G compatible smartphones will account for over 50% of smartphone sales revenue by 2025; rising to $337 billion from $108 billion in 2021. It urged mobile handset vendors to ensure hardware maximises the benefits of future mobile cloud computing solutions. Mobile cloud computing enables service providers to offload intensive tasks to the cloud; freeing on-device resources for essential device processes.

The new research, 5G Smartphones: Trends, Regional Analysis & Market Forecasts 2021-2026, predicts that successful handset vendors will include radios that are able to process large bandwidths and ultra-low latency to ensure that handset users are able to use cloud computing services efficiently, whilst remaining price competitive.

For more insights, download our free whitepaper: How 5G Smartphones Will Supercharge the Handset Market

Android OS Handsets to Dominate in Emerging Regions

The report anticipates that increasing the availability of lower-tier 5G smartphones is crucial to propagate 5G handset adoption in emerging markets. It predicts that by 2025, global Android smartphone prices will be 65% lower than global iOS smartphone prices. It also highlights that this lower average cost of Android devices will lead to Android dominating 5G handset markets in regions such as Latin America.

Conversely, the research expects that the enduring popularity of iOS devices in developed markets will make 40% of global 5G smartphone revenue attributable to North America and Europe by 2025.

‘Right-to-Repair’ Laws to Impact Shipments

The report warns that long-term 5G smartphone shipment revenue will be limited by impending ‘right-to-repair’ legislation in North America and Europe, as more handset users choose to repair older models rather than upgrading to newer generation devices.

Research author Adam Wears explained: ‘The effect of these laws will not be felt initially, as consumers adopt 5G smartphones to leverage the high speeds and reduced latency of 5G networks. Hardware vendors must use this opportunity to build out new device capabilities to encourage consumers to continue regularly upgrading and avoid churn to competitors.’


Whitepaper download: https://www.juniperresearch.com/document-library/white-papers/how-to-monetise-future-5g-services

5G Smartphones market research: https://www.juniperresearch.com/researchstore/devices-technology/5g-smartphones-research-report

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.

LikeMinds Unveils First-Of-Its-Kind Report "The State of Indian Community Management"

Team LM

• 180 community builders, supporting over 4 million members from over 60 regions of India
• The average income of an entry-level brand community manager is 3 - 6 LPA in our country
• One third of the respondents who took the survey identified themselves as female in contrast to the global standards wherein the participation of women in community industry is found to be 2X compared to their other genders
• Hybrid Communities are the future

New Delhi 11th August-2021: LikeMinds, a SaaS startup, which enables creators to convert their audience into a branded private community and monetize it, today, in collaboration with Community Folks unveiled first-of-its-kind survey “The State of Indian Community Management Report” the first-ever study that attempts to quantify and assess the impact of online communities in India and provide exclusive insights for working & aspiring community professionals working in the country. The data for the report was collected from 180 community builders, supporting over 4 million members from over 60 regions of India, and was conducted for more than 40 days (from 14th June 2021 to 24th July 2021).

As per the findings of the report, the Community Industry in India has started to pick up in the last three years and 64% of online communities who participated in the survey were born during this period. After the COVID-19, many brands realigned their strategies and many organizations have started viewing communities as a more vital part of the business. According to 40% of the respondents, many Indian organizations have already started having dedicated community roles to engage with their audiences and build a strong relationships.

What is alarming as per the finding of the State of Indian Community Management report is that more than one-third of the respondents who took the survey identified themselves as female in contrast to the global standards wherein the participation of women in community industry is found to be 2X compared to their other genders. Almost 57% of the respondents experienced a burnout in the first 6-12 months and thus there is dire need of more awareness around self-care. To build a healthy community ecosystem more than 60% of the respondents expressed that there is a need for formal Community Management training programmes. 53% of the respondents shared that they learnt building communities either while serving as volunteers for other communities or while working full-time jobs.

According to the report, around 55% of the respondents feel that webinar fatigue is on the rise and find webinars stressful as they demand continuous participation in the webinars. Many also have complained that they have lost time in what they consider an unproductive task. Most of the respondents are of the view that the future of Community seems to be hybrid, as it unlocks deeper audience engagement provides data-driven insights, nurtures relationships between the community and its audience, and reimagines community for the better tomorrow.

Nipun Goyal, Founder & CEO at LikeMinds, said, “The State of Indian Community Management is a first-of-its-kind survey in India, where we tried to bring out the recent trends and pain points of the community management industry in India. While the community management profession has historically been associated with working for a brand, we have seen a significant rise in this becoming a role that more and more independent professionals and entrepreneurs are taking. Our findings suggest that 48% of such independent community creators are already monetizing their communities. Also, 24% community-led entrepreneurs are earning more than Rs. 10 Lakhs annually from their communities. There is a huge potential in starting a community-led business today.”

Monetized communities are primarily earning by making their events paid (30%), running premium membership (17%), selling their own courses (16%), or doing paid partnerships with businesses (16%). 73% of the community builders in India are hosting events at least on a monthly basis for their communities and the observation is that usually the duration of these events last from 40-60 mins (36%) or 1 - 1.5 hours (36%). The average income of an entry-level brand community manager is 3 - 6 LPA in our country. However, as we climb higher up the hierarchy, the earnings of Senior Community Managers / Program managers range from 15 - 30 LPA.

Paras Pundir, Founder at Community Folks, said, “The community Management industry in India has just started to pick up and there are many open questions that need to be answered. The State Of Indian Community Management is an attempt to help us fill those gaps and understand it to the core. 50 years down the line when anyone will talk about the inception of the Community Industry in India, this report release will be the pioneering moment that would be reflected on during the conversations.”

The report can be downloaded for free from this link: https://bit.ly/37xFiRf

About LikeMinds: Gurugram-based LikeMinds was founded in 2020 by Nipun Goyal, IIT Delhi Alumni, previously Co-founder at Curofy, who is also a successful serial entrepreneur and angel investor with over a dozen investments including 4 YC-backed venturers. It aims to fuel India’s creator’s economy through it’s SaaS platform that delivers all the tools any community builder needs to effectively manage and monetize their communities. The venture currently has 35 employees and already boasts of 100+ creators as its customers. Custom integrations are also available for creators with existing assets. Website: https://likeminds.community/

Global 5G Connections to Reach 3.2 Billion by 2026; Growing 940% as Network Orchestration Tools Maximise Monetisation

A new study from Juniper Research has found that the total number of 5G connections will reach 3.2 billion by 2026; rising from 310 million in 2021. To maximise the monetisation of this significant growth in connections, it predicts that operators will accelerate investment into standalone 5G networks to best position their services to manage future capacity. Standalone 5G networks leverage next-generation technologies, such as network orchestration tools, to enable operators to monetise data‑intensive use cases, like remote healthcare and mobile gaming.

For more insights, download our free whitepaper: How to Monetise Future 5G Services

Operators Must Monetise Value-added 5G Services

The new study, 5G Monetisation: Business Models, Strategic Recommendations & Market Forecasts 2021-2026, identified automating network orchestration tools as a key priority for operators in monetising their 5G services. These tools allow operators to adapt network conditions based on AI analysis of traffic; providing more bandwidth to connections that need it, and maintaining service performance.

By 2026, the report predicts that the average revenue per 5G smartphone connection will fall to $17 globally, from $29 in 2021; significantly impacting operator revenue. To alleviate this decline, it recommends that operators leverage orchestration tools to retain a network’s highest throughput and lowest latency for connections that require it. By utilising this approach, operators can justify charging a premium to these prioritised connections over other 5G connections, and slow this declining average revenue.

Asia Pacific to Account for 2 Billion Connections by 2026

The report found that over 60% of global 5G connections will be located in the Asia Pacific region by 2026. Network orchestration technologies, alongside mmWave frequencies that enable data-intensive 5G services, will be a key driver in creating an ecosystem in this region that allows mobile subscribers to leverage 5G networks for emerging mobile services, whilst maintaining network performance.

Report co-author Dave Bowie remarked: ‘Operators in China, Japan and South Korea have all implemented lower subscription costs, which have accelerated 5G adoption, thus enabling these subscribers to explore novel services that require 5G connectivity.’

Download the whitepaper: https://www.juniperresearch.com/document-library/white-papers/how-to-monetise-future-5g-services