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The e-commerce market in India was valued at INR 4,448.39 Bn in 2020. It is anticipated to reach INR 10,585.27 Bn by 2026, expanding at a CAGR of ~18.29% during the 2021 ? 2026 period. The e-commerce market in India is highly competitive. To stay afloat, e-commerce companies are incorporating advanced technologies such as the Internet of Things (IoT), voice recognition, robotics, virtual reality (VR), artificial intelligence (AI), and machine learning (ML) into their online platforms. Market insights: E-commerce companies are using VR and augmented reality (AR) to create virtual showrooms/stores which can provide real-life experiences to customers. These showrooms feature detailed product previews and imitate in-store experience, which further increases customers? satisfaction and reduces product return rates. Payment choices such as credit and debit cards, net banking, and e-wallets account for ~30% of online sales in comparison to the cash on delivery (CoD) payment option in India. With support from the government?s Digital India initiative, cashless payment solutions using fintech is expected to enhance the e-commerce market in India. Consequently, e-commerce companies are incorporating fintech-based payment platforms like Apple Pay, Google Pay, and Amazon Pay to improve the security and efficiency of online payment methods. Artificial intelligence allows e-commerce businesses to identify patterns and trends, which help retailers to better understand customers? requirements. Using AI and ML, e-commerce companies are offering marketing strategies, personalized suggestions, voice-based chatbot assistance, and visual searches. Amazon uses machine learning to analyze purchasing patterns of the consumers and also to identify fraudulent purchases. From managing warehouses to making deliveries, robotics has helped boost e-commerce business operations. In 2019, Flipkart Internet Pvt. Ltd. deployed 100 Automated Guided Vehicles (AGVs) at its Bengaluru sortation center to increase its efficiency by 60%. By 2022, 70% of retailers across the world are expected to use IoT technology in their businesses. This will help the players improve customer experience, enhance supply chain management, and unravel new opportunities to increase their net revenue. Indian e-commerce companies are investing heavily in IoT devices such as sensors and RFID tags to achieve real-time visibility at their warehouses. Apart from instant tracking and monitoring of warehouses, these IoT devices also eliminate the chances of human error while handling goods. As a result of the COVID-19 pandemic, a majority of the e-commerce logistics players have completely moved to online payment methods. One such method is OTP-based contactless delivery, wherein the delivery executive drops the package at the customers? doorstep and verifies the delivery through an OTP sent to the customers? smartphone. Amazon and Flipkart have already implemented this method to ensure the safety of customers and delivery executives. ...

  • Id : RNR-885828
  • Category : Semiconductor Electronics
  • Pages : 82

In 2020, the e-commerce market was valued at INR 4,448.39 Bn. It is anticipated to reach a value of INR 10,585.27 Bn by 2026, expanding at a CAGR of ~18.29% during the 2021 ? 2026 period. Affordable smartphones, increased internet penetration of the, and effective payment channels such as mobile wallets, and streamlined logistics infrastructure propel market growth. The Indian government leverages e-commerce platforms to transform and organize traditional offline businesses. Market segment insights: Based on product categories, the market can be segmented into online travel, retail, financial services, matrimony and classified, and other services. In 2020, the online retail segment held the largest market share (~44.25%), followed by online travel (25.10%). Improved air and rail connectivity between tier I and tier II cities has increased domestic travel bookings, primarily through online platforms. However, in the wake of the pandemic, countries across the world were compelled to close their international borders. Domestic and international flights were canceled to curb the spread of the virus. Online travel aggregators reported zero business in the first quarter of FY 2021. After travel restrictions were eased and economic activities picked up pace, they focused on Focused on leisure tourism such as staycations and workations. This is expected to compensate for the losses in the travel business. The online retail (e-tailing) segment was valued at INR 1,968.41 Bn in 2020 and is expected to reach INR 5,222.77 Bn by 2026. It is driven by the growth of internet-enabled devices, ease of shopping, innovative payment options, cashbacks, and discounts, as well as the rapidly evolving needs of customers. COVID-19 impact assessment: The pandemic and the subsequent lockdown have severely impacted the market. However, it is expected to bounce back, following an initial loss, since there are long-term growth opportunities in all its business segments. Since March 22, 2020, it has experienced disruption and incurred losses of more than INR 27.67 Bn in a week (March to April 2020). Demand and supply sides were affected due to halt in economic activities. Online shopping experienced a setback due to restrictions on physical movement and the shutdown of businesses, impacting the supply chain. About 8% of the modern retail trade could not function since the sale of non-essential goods was prohibited. Therefore, there was a steady decline in the sale of fast moving consumer goods (FMCGs). The e-grocery segment developed rapidly in light of current events. The personal hygiene and care segment experienced steady growth in the first quarter of FY 2021. It accounts for ~4.5% of the total Gross merchandise volume (GMV) of the e-commerce platforms. Competitive insights: E-commerce companies have brought in various technologies such as voice recognition, virtual reality (VR), augmented reality (AR), fintech, artificial intelligence (AI), and machine learning (ML) to attract customers and compete with other players. Organizations such as Amazon, Flipkart, Goibibo, Ola, Zomato, and Ixigo have employed voice assistants for assisting customers with their queries, thereby improving customers? satisfaction. They also use fintech-based payment platforms such as PayPal, Apple Pay, Google Pay, and Amazon Pay to offer secure and efficient online payment methods to consumers. ...

  • Id : RNR-885822
  • Category : Semiconductor Electronics
  • Pages : 86

Point of sale terminals or PoS terminals are electronic appliances that are used at retail points to conduct card payments. PoS terminals are mostly used by the retail, e-commerce, hospitality, entertainment, warehouse, and healthcare sectors. As of 2020, the retail and e-commerce sectors were the leading adopters of PoS solutions in India. Together, they occupied around 40.10% of the total PoS terminal market in terms of market revenue. Market insights: The PoS terminal market in India was valued at INR 27.47 Bn in 2020. It is expected to expand at a compound annual growth rate (CAGR) of ~13.29% between 2021 and 2025. It may reach a value of INR 50.01 Bn by 2025. The increase in the usage of near-field communicative devices, preference for contactless payment, and demand for e-commerce activities might influence the growth of the India PoS terminal market. Expansion of the market can also be attributed to the initiatives undertaken by the Government of India (GoI) to promote digital payment and thus cashless economy in the country. Some of such policies implemented by the government include demonetization, Jan Dhan Yojana, and the establishment of micro ATMs nationally. Moreover, technological advancements and the increasing adoption of new technologies, such as e-wallets and mobile wallets are also leading to a revolution in the market. However, the lack of the availability of adequate PoS terminals in the market hinders the further market growth. Alongside, high installation charges and maintenance costs, as well as security concerns regarding theft disrupt the stable growth in the market. Some of the prominent players operating in the market are ePaisa Services Private Limited, Ezetap Mobile Solutions Private Limited, and MobiSwipe Technologies Private Limited. COVID-19 impact analysis: The pandemic, followed by a long-term nationwide lockdown, had an adverse impact on the PoS terminal market in India. In the short run, the PoS terminal market in India experienced a downfall in its market value. The primary reasons behind market disruption were the closure of retail stores for a considerable duration and the existing financial stress in the market, which led to a fall in people?s purchasing power. Implementing stringent import restrictions caused a shortage in the supply of new PoS machines. They were essential since retail units were shifting to contactless methods of payment. Old and faulty devices were being removed or replaced. However, at present, due to the fear of social contacting and gathering, people are preferring cashless and contactless methods of payment. With the growing market for digital payments over the coming years, the PoS terminal market in India is also likely to expand multifold. Companies covered ? ePaisa Services Private Limited ? Ezetap Mobile Solutions Private Limited ? MobiSwipe Technologies Private Limited ? Mswipe Technologies Private Limited ? Pine Labs Finance Private Limited ? Ingenico International India Private Limited ? PAX Technologies Private Limited ? PayU Payments Private Limited ? Verifone India Sales Private Limited ...

  • Id : RNR-885821
  • Category : Semiconductor Electronics
  • Pages : 52

Payment security is a safety program that uses multiple layers of analytics, technology, and security approaches to protect digital payment and reduce fraudulent transactions. These security solutions are provided through Point-of-sale (PoS), mobile-based, and web-based platforms. Payment security solutions offered in India include encryption, point-to-point tokenization, and EMV (Europay, MasterCard, and Visa). Payment security solutions in India are mostly being adopted by the sectors of banking, financial services, and insurance (BFSI), education, retail, hospitality, and telecom. Some of the domestic organizations proffering payment security solutions in the country are Cisco Systems India Pvt. Ltd., Intel Technology India Pvt. Ltd., and Trend Micro India Pvt. Ltd. Market insights: The payment security market in India was valued at INR 130.50 Bn in 2020. It is expected to expand at a compound annual growth rate (CAGR) of ~17.79% between 2021 and 2025, to reach a value of INR 289.90 Bn by 2025. The steady growth in the market can be attributed to the rising adoption of cashless payment methods and the increasing fraudulent activities associated with online transactions. It also includes the growing incidence of cyber thefts and data breaches. The increase in the government?s participation in undertaking initiatives to promote cashless and digital economy has also encouraged growth in the market. Some of the policies implemented by the government include the launch of the Payments Infrastructure Development Fund and the introduction of instant payment facilities, such as UPI and BHIM. However, the lack of investments from IT companies on security solutions and the high cost of the adoption of payment security solutions hinder the growth of the payment security market. COVID-19 impact analysis: The outbreak of the pandemic and the implementation of social-distancing norms have had a substantial impact on the payment security market in India. With the growing fear surrounding the pandemic, there has been a behavioral shift from cash-based transactions to digital payments across all categories of consumers. During this period, digital payment and contactless modes of transactions have gained popularity among the buyers. As a result, the risk of cybercrimes and data threats has also soared. With increasing cyber risks, the adoption of payment security services and solutions is expected to witness growth in multiples in the coming years. Companies covered: ? Cisco Systems India Pvt. Ltd. ? Intel Technology India Pvt. Ltd. ? NortonLifeLock India Private Limited ? Trend Micro India Pvt. Ltd. ? Broadcom Inc. ? One Span ? Thales Group ? Transaction Network Services ...

  • Id : RNR-885820
  • Category : Semiconductor Electronics
  • Pages : 47

The financial brokers offers financial advice to the firm or the individual. India's broking industry is transitioning from a transaction-based to a fee-based model, offering services such as investment advisory and wealth management. Apart from advisory services, emphasis on fund-based activities, including loan against shares and margin funding, is rising, allowing brokers to build sustainable earnings. Financial brokers have developed their marketing ability to support customers in achieving their goals. They offer wide-ranging products and services that strengthen their relationship with clients. The brokerage market was valued at INR 135.0 Bn in FY 2016. In FY 2020, it reached INR 210 Bn from INR 195 Bn in FY 2019, expanding at an annual growth rate ~7.69%. The industry gained popularity, owing to a significant increase in trading activities. Financial brokerage firms have generated revenues from stocks, commodities, and currency. The financial brokerage market operates through different business verticals including full-service, discount, and hybrid brokerage. The full-service brokers segment accounted for the significant share of the brokerage market in FY 2020, followed by discount brokers and hybrid. Major players operating in the market include Angel Broking Limited, Geojit Financial Services Limited, ICICI Securities Limited, and Kotak Securities Limited. Impact of Covid-19 The pandemic and prolonged global lockdown severely impacted India?s financial market and liquidity position. A struggling economy in India, coupled with the outbreak of COVID-19, has led to an apprehensions in which capital market investments have become a challenge for investors. While the Indian economy has been experiencing massive pressure of the COVID-19 pandemic, the trading volumes in the domestic capital market started to recover after the lockdown was lifted. It reached an all-time high in July 2020. Market segment insights In FY 2020, full-service brokers held the highest market share (~58%) of the overall broking industry based on NSE active clients. The shift of the trading platform from offline to online-offline mode increased the revenues generated by full-service brokers. However, in India, full-service brokers have been experiencing unstable growth as leading companies are losing considerable market share to discount brokers. Key growth drivers of the market ? Technological innovations is a significant driver for the increasing participation of investors in equity markets. The pandemic resulted in a significant meltdown in the stock market. Improved financial awareness led to a 130% growth in Demat account openings. About 6.3 Mn accounts were opened in the first half of FY 2021. Post demonetization, fintech companies have played a significant role in the growth of the brokerage market, backed by increased smartphone users and high internet speed with low data costs. Retail investors use mobile-based trading as they primarily invest in convenient and user-friendly apps with secure platforms ? In India, brokerage houses offer global investment services that permit their customers to own blue-chip stocks in the US. Investors' demand for portfolio diversification is one of the key drivers that encourage firms to provide these services. Broking firms entered into international partnerships, indicating a good demand for such services. In September 2020, Kuvera, an online platform for investments in India's mutual funds, partnered with the US Securities and Exchange Commission's listed investment adviser, Vested Finance. This partnership permits investors to purchase stocks from the US on its online platform. Key deterrents to the growth of the market Lack of financial knowledge is a significant reason behind the under-penetration of the brokerage market. Several Indians are not aware of shares, stocks, and mutual funds. They do not know how to invest in them to reap high returns compared to traditional investment tools. Most people are also ignorant of the basic financial concepts such as reward (return) to variability (risk) ratio, asset allocation, and diversification benefits. Companies covered ? Angel Broking Limited ? Geojit Financial Services Limited ? ICICI Securities Limited ? IIFL Finance Limited ? Kotak Securities Limited ? Motilal Oswal Financial Services Limited ? Reliance Capital Limited ? SMC Global Securities Limited ? HDFC Securities Limited ? Sharekhan Limited...

  • Id : RNR-885818
  • Category : Semiconductor Electronics
  • Pages : 89

The Indian power sector has undergone a significant transformation in terms of power supply, energy demand, fuel mix, and market operations. India appeared to be the third-largest power generating country in the world. The total installed capacity in India increased at a remarkable pace of 7.96% during the FY 2010 ? FY 2020 period. As of 31st December 2020, India had a total installed capacity of 375.32 GW, transitioning from a power-deficit country to a country with surplus power. Segmentation insights: The power sector in India is characterized by its diversified fuel sources, which consist of environmentally sustainable sources such as solar, wind, and small hydro plants, along with conventional sources like coal, oil, and gas. Thermal power was the predominant type of installed capacity in India, accounting for a 62.31% share of the total installed capacity in FY 2020. The commissioning of various Ultra Mega Power Projects (UMPPs) based on thermal power attributed to the largest share of thermal power in the country?s energy mix. Renewable energy was the second-leading energy source in India, capturing 23.51% of the total installed capacity in India in FY 2020. The Indian government?s ambitious target of installing 175 GW of renewable energy, capacity coupled with the establishment of solar parks and the solar city program propelled the growth of clean energy in India. Furthermore, the financial incentives offered by the government are likely to encourage state-owned operators to invest in Clean Energy Parks and Ultra-Mega Renewable Energy Power Parks (UMREPPs). Market influencers: Soaring demand from the industrial and domestic sectors have been the major driving factor for the growth of the Indian power sector. The industrial sector in India expanded significantly over the past few years, marked by the steady increase in the index of industrial production (IIP) for the electricity domain from 126.6 in FY 2015 to 158.4 in FY 2020. The industrial sector has been the largest power consumer in India, accounting for around 42.69% of the total power consumption in FY 2020. On the other hand, the consumption from the domestic sector increased at a fast pace of 7.96% from FY 2010 to FY 2020. Improvements in access to electricity, a surge in the sale of white goods, and higher demand for LED bulbs have driven demand from the domestic sector. Furthermore, supportive government policies such as UDAY 2.0, 24x7 - Power for All, SAUBHAGYA, UJALA Scheme, Green Energy Corridor, and vehicle electrification have helped to boost the Indian power sector. The restricted supply of raw material poses a substantial challenge to the Indian power sector. Market players have been struggling to acquire raw material for power generation owing to the erratic domestic supply of coal, fluctuations in international coal prices, and shortage of natural gas. Furthermore, the weak infrastructure of the transmission and distribution (T&D) system leads to transmission and distribution losses (T&D losses), which affects the power sector. The T&D loss in India is around 20%, significantly higher than in other Asian countries. The thermal power sector has been experiencing challenges in recent years, owing to its environmental impact, tariff structure, and difficulty in acquiring power purchase agreements (PPA). Impact of COVID-19 The growth momentum of the Indian power sector has been hindered by the onset of the pandemic and the ensuing lockdown measures. The shutdown of industrial activities as an effect of the lockdown announced on 25th March 2020, led to a sharp fall in power consumption in the industrial and commercial sectors. The steep decline in demand, coupled with a liquidity crunch, has crippled the financials of power generating and power distribution companies. The unprecedented impact of the pandemic has highlighted the need for structural changes in the industry. The lessons learned from the crisis are expected to usher in policy reforms, boost private sector participation, lead to a focus on an efficient power trading system, bring in investments for infrastructure development, and most importantly, facilitate digital transformation. . Companies covered: ? Adani Power Limited ? CESC Limited ? Damodar Valley Corporation (DVC) ? NHPC Limited ? NTPC Limited ? SJVN Limited ? Suzlon Energy ? Tata Power Limited ? Websol Energy System Limited ? Nuclear Power Corporation of India Limited (NPCIL) ...

  • Id : RNR-885813
  • Category : Semiconductor Electronics
  • Pages : 102

Cloud infrastructure includes the essential components needed for cloud computing. Cloud computing involves the delivery of computing services such as servers, storage, software, databases, networking, and analytics to customers over the internet. IT, e-commerce, communication and media, telecom, manufacturing, transport, logistics, and retail are the sectors that have adopted cloud infrastructure to enhance their day-to-day operations. Based on service type, the cloud infrastructure market is segmented into Infrastructure-as-a-Service (IaaS), Software-as-a-Service (SaaS), Platform-as-a Service (PaaS), Business Process-as-a-Service (BPaaS), and cloud management and security services. Market insights: The market was valued at INR 301.40 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of ~29.02% during the 2021 ? 2025 period to reach INR 1,169.23 Bn by 2025. Need for improved infrastructure, economic benefits of using cloud computing, and government's efforts to promote digital India and IT infrastructure are a few of the factors propelling market growth. Initiatives undertaken by the government to drive the adoption of cloud infrastructure include investment in National Optical Fibre Network (NOFN) and multiple e-governance portals, and governmental programs such as Digital India and Meghraj. Moreover, the use of innovative technologies such as AI, machine learning, advanced analytics, and immersive media in the IT ecosystem contribute to the seamless adoption of SaaS, IaaS, and PaaS offerings. COVID-19 impact analysis: The cloud infrastructure market in India is one of the few sectors that has emerged strong amid the pandemic. With the outbreak of the pandemic and the nation's migration to virtual operations, the demand for secure, reliable, scalable, and cost technology services proliferated, leading to higher cloud adoption and cloud infrastructure spending. The demand for e-learning, telemedicine, and remote working picked up on account of the growing application of cloud computing during the lockdown. Other sectors that have become highly dependent on cloud computing services are banking, financial services, and insurance (BFSI), and manufacturing. Companies covered: ? Infosys Limited ? Tata Consultancy Private Limited ? Wipro Limited ? Rackbank Datacenters Private Limited ? Netmagic Solutions Private Limited ? Amazon Web Services, Inc. ? Google India Private Limited ? IBM India Private Limited ? Microsoft Corporation India Private Limited ? Oracle India Private Limited ...

  • Id : RNR-885808
  • Category : Semiconductor Electronics
  • Pages : 65

The e-commerce market in India was valued at INR 4,947.60 Bn in 2019 and is expected to reach a value of INR 8,641.10 Bn by the end of 2025, expanding at a CAGR of ~14.42% during the 2020-2025 period. To stay afloat in the competitive market, e-commerce companies are incorporating advanced technologies such as Internet of Things (IoT), voice recognition, fintech, robotics, virtual reality, artificial intelligence (AI) and machine learning (ML) in their online platforms. Market insights: E-commerce companies are using virtual and augmented reality (VR & AR) to create virtual showrooms/stores which can provide real-life experiences to customers. These showrooms feature detailed product previews and imitate in-store experiences, which further increase customers? satisfaction and reduce product return rates. Payment choices including credit and debit cards, net-banking and e-wallets cater to ~30% of online sales when compared to the cash on delivery (CoD) payment option in India. With support from the government?s Digital India initiative, cashless payment solution using Fintech is expected to enhance the e-commerce market in India. Consequently, e-commerce companies are incorporating Fintech-based payment platforms like Apple Pay, Google Pay and Amazon Pay to improve the security and efficiency of online payment methods. Artificial intelligence allows e-commerce businesses to identify patterns and trends, which help retailers understand customers? requirements better. Using AI and ML, e-commerce companies are offering marketing strategies, personalized suggestions, voice-based chatbot assistance and visual searches. Amazon uses machine learning technology to improve address quality, which facilitates timely delivery of packages to its customers. From managing warehouse to making deliveries, robotics has helped boost e-commerce business operations. In 2019, Flipkart Internet Pvt. Ltd. deployed 100 Automated Guided Vehicles (AGVs) in its Bengaluru sortation center to increase its efficiency by 60%. By 2021, 70% of the retailers across the world are expected to use IoT technology in their businesses to improve customer experience, enhance supply chain management and unravel new opportunities to increase their net revenue. Indian e-commerce companies are heavily investing in IoT devices such as sensors and RFID tags, among other devices, to achieve real-time visibility in their warehouses. Apart from instantaneous tracking and monitoring of warehouses, these IoT devices also eliminate chances of human errors while handling goods. As a result of the COVID-19 pandemic, majority of the e-commerce logistics players have moved completely to online payment methods. One such method is OTP-based contactless delivery wherein the delivery executive drops the package at the customers? doorstep without any physical contact, and verifies the delivery through an OTP sent to the customers? smartphone. Amazon and Flipkart have already implemented this to method to ensure the safety of customers and delivery executives. Companies covered ? Adobe Systems India Pvt. Ltd. ? Akamai Technologies India Pvt. Ltd. ? Amazon Internet Services Pvt. Ltd. ? Cloudflare, Inc. ? Google India Pvt. Ltd. ? IBM India Pvt. Ltd. ? Microsoft India Pvt. Ltd. ? Neustar Data Infotech (India) Pvt. Ltd. ? NGINX Inc. ? Oracle India Pvt. Ltd. ...

  • Id : RNR-885804
  • Category : Semiconductor Electronics
  • Pages : 62

The e-commerce market in India was valued at INR 4,947.60 Bn in 2019 and is expected to reach INR 8,641.10 Bn by 2025, expanding at a compound annual growth rate (CAGR) of ~14.42% during the 2020?2025 period. Affordable smartphones, increased penetration of the internet, and effective payment channels such as mobile wallets, coupled with streamlined logistics infrastructure are the key factors propelling the growth of the e-commerce market. The Indian government leverages e-commerce digital platforms to transform and organize traditional offline markets. Market segment insights: Based on product categories, the e-commerce market can be segmented into online travel, retail, financial services, matrimony and classified, and other services. In 2019, the online travel segment held the largest market share (~44.88%), followed by the retail, financial, other services, and matrimonial and classified segments. Improved air and rail connectivity between tier I and tier II cities has increased domestic travel bookings, primarily through online platforms. However, in the wake of the pandemic, countries across the world have been compelled to close their international borders; domestic and international flights were canceled to curb the spread of the virus. Online travel aggregators reported no business in the first quarter of FY 2021. After travel restrictions were eased and economic activities picked up pace, e-travel aggregators began focusing on domestic offering such as ?staycations? and ?workcations?. This is expected to compensate for the losses in the travel business. By 2025, the online retail segment is expected to dominate the e-commerce market and reach a value of INR 3,083.22 Bn, expanding at a CAGR of ~7.50%. The segment is being driven by the increased penetration of Internet-enabled devices, ease of online shopping, innovative payment options, cashbacks, and discounts, as well as the rapidly evolving needs of customers. COVID-19 impact assessment: The pandemic and the subsequent lockdown have dealt a severe blow to the e-commerce market. However, the market is likely to bounce back, following an initial loss, since there are significant long-term growth opportunities in all its business segments. Since March 22, 2020, the e-commerce industry in the country has been experiencing disruption and incurred losses of more than INR 27.67 Bn in a week. The sector has been affected on the demand and supply sides due to a halt in all the economic activities. Online shopping experienced a setback due to the restrictions on physical movement and the shutdown of businesses, thus severely impacting the supply chain. About 8% of the modern retail trade could function since the sale of non-essential goods was prohibited across the country. Therefore, there had been a steady decline in the sale of FMCGs. However, the e-grocery segment has experienced rapid development amid the pandemic. Moreover, the personal hygiene and care segment may experience steady growth; it accounts for ~4.5% of the total GMV of the e-commerce platforms. Competitive insights: E-commerce companies are incorporating various technologies such as voice recognition, virtual and augmented reality (VR and AR), fintech, artificial intelligence (AI) and machine learning (ML) to attract customers and compete with other players. Companies such as Amazon, Flipkart, Goibibo, Ola, Zomato and Ixigo have incorporated voice assistants for assisting customers with their queries, thereby improving customers? satisfaction. E-commerce companies have also incorporated fintech-based payment platforms such as PayPal, Apple Pay, Google Pay, and Amazon Pay to offer secure and efficient online payment methods to consumers. Companies covered ? Infibeam Avenues Ltd. ? Info Edge (India) Ltd. ? Thomas Cook (India) Ltd. ? BigTree Entertainment Pvt. Ltd. ? Flipkart Internet Pvt. Ltd. ? Jasper Infotech Pvt. Ltd. ? MakeMyTrip (India) Pvt. Ltd. ? One97 Communications Ltd. ? People Interactive (India) Pvt. Ltd. ? Amazon India Ltd. ...

  • Id : RNR-885798
  • Category : Semiconductor Electronics
  • Pages : 78

India is going through a phase of rapid technological development which comes with an increasing risk of being exploited by cybercriminals for economic gains. In the wake of the pandemic, it has become crucial for organizations to strengthen their business continuity plans (BCPs), with special attention on cybersecurity products and solutions, to prevent businesses from falling prey to malware and other cyber threats. The cybersecurity market in India is estimated to reach INR 288.99 Bn by 2025, expanding at a CAGR of ~12.43% during the 2020-2025 period. Digital evolution, increased cyberattacks, regulatory focus on security breaches, increased attention from companies? board to cybersecurity requirements, and government initiatives continue to drive market growth. In 2019, CERT-In handled around 394,449 cyber incidents, which recorded a growth of 47.19% over a 10 year period. Cybersecurity products segment: The cybersecurity products segment is expected to witness a higher growth rate (13.27%) than cybersecurity services (11.46%) during the forecast period. Increased spending on cybersecurity products backed by specialized technologies ensures this segment's leading position in the cybersecurity market, with a share of 52%. Data security and endpoint security will witness higher growth rates than the other product segments. Increased number of smartphone users and internet subscribers, coupled with growing popularity of the BYOD (bring your own device) model and remote work culture is expected to fuel growth. Security intelligence, detection and response is expected to account for ~30% of the products segment revenue in 2025, continuing to hold its position as the highest contributor to the India cybersecurity market. Cybersecurity services segment: The cybersecurity services segment is expected to reach INR 131.09 Bn by 2025. Security testing and incident response are likely to attract the maximum revenue in the cybersecurity services space. Increased use of IoT devices, regulatory mandates by the RBI, and imminent threat of cyberattacks are propelling market growth. Security devices need to be constantly monitored and configuration upgrades have become necessary due to the rapid pace of technological advancements. As a result, security operations hold the largest market share (~39%) in the overall services mix. End-user segments: The top three sectors that contribute to the maximum cybersecurity demand are banking and financial services, technology and associated services, and government sectors. Looming security risks and cyber threats, owing to the use AI, blockchain, IoT, and real-time payments, and introduction of mobile point-of-sale devices have increased the need for cybersecurity spends in the banking and financial services industry. More stringent guidelines on data privacy, such as Personal Data Protection Bill 2019, require the IT sector to focus on cybersecurity infrastructure. Cybersecurity spend by this sector is expected to reach INR 71.54 Bn by 2025, expanding at a CAGR of 18.54% during the 2019-2025 period. The Indian government is investing massive amounts to build robust cyber protected systems, to safeguard digital services from potential cyber threats. Impact of COVID-19: The COVID-19 pandemic has caused worldwide economic disruptions, impacting health, businesses, and livelihoods of millions of people. There has been a stupendous hike in the volume and sophistication of cyberattacks as organizations try to struggle through the ongoing crisis. In 2020, the volume of cyberattacks on domestic organizations doubled in March as compared to January, with the outbreak of COVID-19. Organizations need to revisit their BCPs and incident response plans in the wake of the pandemic, which has disrupted key elements of the supply chain. Every organization should focus on having robust VPN services and revised security defenses to minimize the risk of cyber threats, which has escalated amid the pandemic. Companies covered Companies ? HCL Technologies Limited ? Tata Consultancy Services Limited ? Wipro Limited ? Cisco Systems (India) Private Limited ? Dell India Private Limited ? IBM India Private Limited ? Northrop Grumman International Inc. ? Oracle India Private Limited ? NortonLifeLock Inc....

  • Id : RNR-885791
  • Category : Semiconductor Electronics
  • Pages : 66

Market insights The financial services sector is segmented into capital market, insurance (life and non-life), and non-banking financial companies (NBFCs). The life insurance market in India was valued at INR 5,081.32 Bn in FY 2019, and is expected to reach INR 9,553.30 Bn by FY 2025, expanding at a compound annual growth rate (CAGR) of ~11.09% during the FY 2020-FY 2025 period. As of FY 2020, the total assets held by life insurance companies in India amounted to INR 37,756.9 Bn, with INR 6,636.37 Bn in equity (at market value), and INR 30,704.04 Bn in fixed income (at book value) Currently, there are 24 life insurance players in India, comprising one public sector and 23 private sector players. The life insurance market in India is exhibiting immense growth, next to banks, for mobilized savings, and is a formidable part of the Indian capital market. India?s insurance penetration increased slightly to 3.70% in FY 2019 as compared to 3.69% of FY 2018 Life Insurance Corporation of Indian is the sole public sector life insurance company in India. However, private life insurance companies have been penetrating the market since 2000, mainly by innovating their product lines and engaging in unique customer services. Nonetheless, the share of private players in the life insurance industry is expected to decrease from 33.58% in FY 2019 to 31.30% in FY 2020, whereas the market share of LIC is expected to increase from 66.42% in FY 2019 to 68.70% in FY 2020. Impact of COVID-19 The COVID-19 pandemic in the country has changed the way businesses used to operate across all sectors and the Indian life insurance industry is no exception. The extension of the lockdown pushed insurance companies to depend heavily on digital infrastructure to carry out businesses, from settling claims to selling new policies. Sales went down in March, which is deemed as the productive month for life insurance companies, by ~30%. However, business is expected to recover in the second quarter of FY 2021.However, insurance companies are taking necessary steps to accelerate online sales. In March 2020, Policybazaar reported a 20% increase in the online sale of life insurance products. In the wake of the pandemic, life insurance players need to focus on developing paperless web-based processes to ensure greater efficiency and productivity, which can be capitalized when things get back to normal. Key growth drivers of the market With an increasing internet user base, the online distribution channel is likely to gain prominence in the Indian insurance industry. India?s young population with greater purchasing power and inclination toward security products is also growing. However, the penetration of life insurance in India is shallow, compared to the advanced and emerging economies of the world. In a way, life insurance companies are utilizing the opportunity of penetrating the Indian market, thereby taking advantage of its expanding economy and rising individual income level. Key deterrents to the growth of the market High lapse ratio, due to low persistency, is hindering the overall business of insurers. This is because insurance policy lapse has a negative effect on customer retention, product performance, pricing factors, product image, and workforce planning. Companies covered ? Life Insurance Corporation of India ? HDFC Life Insurance Company Limited ? ICICI Prudential Life Insurance Company Limited ? SBI Life Insurance Company Limited ? Aditya Birla Sun Life Insurance Company Limited ? Bajaj Allianz Life Insurance Company Limited ? Max Life Insurance Company Limited ? PNB Metlife India Insurance Company Limited ? Reliance Nippon Life Insurance Company Limited ? Tata AIA Life Insurance Company Limited ...

  • Id : RNR-885789
  • Category : Semiconductor Electronics
  • Pages : 84

Market insights The manufacturing industry in India is edging toward a digital overhaul, with the adoption of industry 4.0 technologies. Several Indian manufacturing companies have been investing in artificial intelligence (AI)-based factory automation solutions to improve product quality and design, reduce labor costs, minimize manufacturing cycles, and monitor real-time condition of machines. AI has helped companies such as Blue Star Ltd., TVS Motor Company Ltd., JK Tyre & Industries Ltd., and Asian Paints Ltd., to enhance efficiency and productivity in their manufacturing units. The contribution of AI in manufacturing to India?s gross value added (GVA) was valued at INR 1,227.46 Bn in 2019, and is expected to reach INR 4,845.64 Bn by 2025, expanding at a at a compound annual growth rate (CAGR) of ~27.41% during the forecast period (2020-2025). AI is being implemented for factory automation, quality monitoring, predicting equipment failure, order management, delivery management, and demand forecasting. Market trends: Indian manufacturing companies are utilizing AI-enabled predictive maintenance systems for self-monitoring and reporting malfunctions in real time. IBM has developed its cognitive computing platform, Watson for manufacturers to reduce errors and improve product quality. Similarly, Qualitas Technologies has developed the Eagle Eye Inspection System, which uses an AI-based vision controller to check the quality of products. Players in the Indian manufacturing sector have been keen on the use of collaborative robots that leverage AI and analytics. Collaborative robots are capable of handling additional cognitive tasks and making independent decisions based on real-time data. Blue Star Ltd. is using AI-enabled collaborative robots (offered by Universal Robots A/S) to optimize the task of copper tube expansion and minimize stress risks associated with it. Impact of COVID-19: The unprecedented turmoil caused by the pandemic has changed the business landscape of the manufacturing sector. Frontier technologies such as AI have become the key to maintain resilience against the multi-pronged effect of the pandemic. Manufacturing units that struggled with significant labor shortage during the lockdown, adopted AI-based solutions to continue production. Government initiatives such as the Atmanirbhar Bharat mission and production linked incentives (PLI) are expected to drive the adoption of AI in the manufacturing industry amid the pandemic. Global players are aiming to divest in China and considering India to be a preferred destination to shift their manufacturing base. The Indian players can seize this opportunity and leverage AI to create a safe, inter-connected, intuitive, and interactive manufacturing environment. Companies covered ? Abee Research Labs Pvt. Ltd. ? EroNkan Technologies Pvt. Ltd. ? Flutura Business Solutions Pvt. Ltd. ? LivNSense Technologies Pvt. Ltd. ? Universal Robots (India) Pvt. Ltd. ? Altizon Systems Pvt. Ltd. ? IBM India Pvt. Ltd. ...

  • Id : RNR-885785
  • Category : Semiconductor Electronics
  • Pages : 66

Integration of payment services in popular non-banking mobile applications such as WhatsApp, Apple Pay, Amazon Pay and Ola Money, among others, is driving e-payments, especially among the millennial population in India. In FY 2020, the Indian e-payment solutions market recorded 45.72 Bn transactions, which is expected to reach 394.93 Bn by FY 2025, expanding at a compound annual growth rate (CAGR) of ~60.54% during the FY 2021-FY 2025 period. The e-payment transaction value is expected to reach INR 5,296.45 Tn by the end of FY 2025. Bank cards (debit cards, credit cards), e-wallets, and UPI are some of the common modes of online payment prevalent in the country. Development in fintech, e-commerce, and digital banking is significantly driving the growth of e-payments in the country. Major players currently operating in the Indian e-payment solutions market include scheduled commercial banks like Axis Bank Limited, HDFC Bank Limited, ICICI Bank Limited, and State Bank of India. Apart from banks, e-payment solution providers like Infibeam Avenues Limited, Airtel Payments Bank Limited, Mswipe Technologies Private Limited, Google LLC, and PayPal Payments Private Limited, also operate in the market. In May 2020, transaction volumes through e-payment modes such as Unified Payments Interface (UPI), credit cards, debit cards, e-payment wallets, Immediate Payment Service (IMPS), and Bharat Bill Payment System (BBPS) surged. Among the other e-payment modes, UPI recorded significant growth in transactions, both in terms of value and volume, between May and June, 2020. UPI processed 1.23 Bn transactions worth INR 2,411 Bn till 28th June, 2020. As of April, 2020, the top three cities in India that contributed to the e-payment transaction volume were Bangalore (~20%), Hyderabad (~10%), and Delhi (~8%) Out of the different types of e-payment solutions, real-time gross settlement (RTGS) held the largest market share, followed by retail electronic clearing, and bank cards, during the FY 2017-FY 2019 period, based on value. However, based on volume, bank cards held the largest market share during the same period. IMPS and UPI are mobile based e-payment methods, which makes transaction easy and hassle free for customers. On the other hand, in order to transfer fund through both National Electronic Funds Transfer (NEFT) and NACH (National Automated Clearing House), customers are required to visit their respective bank branches. Also, transaction through NEFT and NACH requires manual intervention, which in turn limits the process within the working hours of the bank. Mobile-based e-payment solutions have gained widespread acceptance since they allow smooth transaction. The popularity of branch-based solutions like NEFT and NACH has declined in recent years.? Impact of COVID-19 Owing to the Indian government?s precautionary measures to contain the spread of COVID-19, shopping malls and retail stores, among other public spaces, were shut down, and all national and international flights were canceled from the middle of March till the first week of June, 2020. A significant part of e-payment transactions, based on both value and volume, comes from OTAs (online travel aggregators), movie and event booking portals, and the entertainment (including retail shops, food courts, bars, and restaurants) sector. Reduced consumer spending on dining out, movies, and the like, and restrictions on traveling adversely affected e-payments in India between March and May, 2020. However, due to the fear of virus transmission, people are preferring digital modes of payment over cash, which is claimed to be a means of spreading the contagion; this, as a result, has ramped up the use of e-payment solutions. From the end of March to the middle of April 2020, around 42% Indians used e-payment modes multiple times as compared to the pre-lockdown period. Paytm observed 20% increase in e-payments in March, and recorded an exponential surge in repeat transactions for various use-cases such as fuel stations and utility payments, among others. Key growth driver of the market Of late, the e-commerce market in India has been experiencing rapid growth, owing to the participation of companies offering niche products, presence of a large Internet user base, launch of 4G, and increase in the purchasing power of consumers. E-commerce giants like Amazon, Flipkart, and Paytm Mall often provide cashback and discount offers for online transactions, which in turn attract young customers towards e-payment systems. Key deterrent to the growth of the market Despite multiple efforts of the government in making the Digital India campaign successful, cash continues to be the most popular mode of transaction in India. This is impeding the adoption of e-payment services across the country. Companies covered ?Axis Bank Limited ?HDFC Bank Limited ?ICICI Bank Limited ?Infibeam Avenues Limited ?State Bank of India ?Airtel Payments Bank Limited ?Mswipe Technologies Private Limited ?One97 Communications Limited ?One MobiKwik Systems Private Limited ?Google LLC ?PayPal Payments Private Limited...

  • Id : RNR-885774
  • Category : Semiconductor Electronics
  • Pages : 77

Market insights: The corporate wellness market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~5.75 % during the 2020-2025 period to reach a value of INR 21.53 Bn by 2025 from INR 14.59 Bn in 2019. Corporate wellness programs have gained much popularity owing to the surge in the number of lifestyle related diseases. The lack of proper diet, exercise and rest, and growing mental and physical stress also provide impetus to such programs. Impact of COVID-19: The COVID-19 pandemic has led to an unprecedented economic turmoil all over the world. India's corporate wellness market is not expected to be resilient to its impact. Organizational management has undergone a drastic change in the wake of the pandemic. With organizations increasingly adopting the remote work structure, most corporate wellness market players have stepped up their game by providing better and more impactful wellness solutions to handle the COVID situation. Several companies, which were previously at the crossroads about incorporating corporate wellness programs, have taken the big leap. Organizations are focusing more on employees? well-being and trying to protect human resources. Overall, the corporate wellness market is on a definite growth curve amid the pandemic. Market influencers: Corporate wellness programs have gained momentum in recent times due to the growing culture of prioritizing healthcare and the general wellbeing. Companies have learned that it is essential to invest in human resources for better productivity and work engagement in the workplace the hard way. Further, corporate wellness programs aid in reducing healthcare costs. Artificial intelligence (AI) and data analytics are being widely adopted by organizations across the country to enhance their employee wellness solutions. The corporate wellness industry is moving towards digitization, coming up with programs that incorporate technological features such as a wearable device or a mobile app for enhanced employee engagement. Moreover, improved awareness regarding mental health has forced organizations to focus on destigmatizing mental health topics among employees. Competitive landscape: The corporate wellness market in India is led by a balanced mix of established players, including mid-level, emerging, and small ones. These players provide a complete range of services and solutions to their vast customer base present across the country. Companies like Apollo Life Care Pvt. Ltd., BetterLYF Wellness Pvt. Ltd. and Workplace Options Pvt. Ltd. are the key market players. Companies covered: ? Apollo Life Care Pvt. Ltd. ? Bargain Technologies Pvt. Ltd. ? BetterLYF Wellness Pvt. Ltd. ? Classhop technologies India Pvt. Ltd. ? HealthifyMe Wellness Pvt. Ltd. ? Meta Wellness Pvt. Ltd. ? Stepathlon Lifestyle Pvt. Ltd. ? TFL Continuous Learning Pvt. Ltd. ? Truworth Health Technologies Pvt. Ltd ? Workplace Options Pvt. Ltd....

  • Id : RNR-885754
  • Category : Semiconductor Electronics
  • Pages : 45

Market insights: The human capital management (HCM) market in India is predicted to expand at a compound annual growth rate (CAGR) of ~8.65% during the 2020-2025 period, to reach a value of INR 72.59 Bn by 2025 from INR 44.11 Bn in 2019. The market?s growth trajectory is backed by a developing Cloud market, and an increased adoption of artificial intelligence (AI), analytics, Internet of Things (IoT) and Big Data. Market segmentation based on product offerings: Based on product offerings, the HCM market is segmented into eight types of solutions ? core human resources (HR), payroll and compensation management, performance management, learning, talent acquisition, workforce management, benefits administration, and other solutions. The learning management segment is expected to witness the highest growth, expanding at a CAGR of ~12.67%. The performance management and talent acquisition solution segments are likely to experience rapid growth during the 2020-2025 period. Market segmentation based on component and deployment type: In FY 2019, based on components, the HCM software market accounted for 66.86% of the overall market revenue. The HCM services segment accounted for ~34.14% of the total market share in the same financial year. Based on deployment type, the HCM market in India is segmented into Cloud and on-premises solutions. During the forecast period, the market share of the on-premises solutions segment is anticipated to decline on account of limitations associated with storage space on local servers. In FY 2019, the Cloud-based HCM services segment accounted for ~79% of the overall market size, which is likely to go up substantially by the end of 2025. Market segmentation based on industry vertical: Key industries served by the Indian HCM solutions market include banking, financial services, and insurance (BFSI), consumer goods and retail, telecom and IT, manufacturing, and healthcare. The consumer goods and retail industry accounted for the highest share in FY 2019, taking up ~14.96% of the total market size, followed closely by telecom and IT. The government sector and manufacturing sector?s market share is estimated to experience significant growth during the forecast period. Impact of COVID-19: The COVID-19 outbreak has led to unprecedented economic turmoil across the world, and India's human capital management market is not expected to be resilient to its impact. Due to the pandemic, the way organizations manage and communicate with employees has experienced a drastic change. Companies have been forced to make changes in their existing HCM solutions. Organizations that had not yet made the big switch by digitalizing their internal processes had to adopt online working environments to run their businesses smoothly during the crisis. Overall, the HCM market in the country and all over the world has experienced a definite growth curve amid the pandemic. Market influencers: HCM solutions allow organizations to use intuitive training to engage and educate their employees, bridging the skill gap. Further, organizations are enabled to create a pipeline of talent ensuring leadership continuity. HCM solutions also provide application tracking software to make the entire recruitment process seamless and error-free. Along with these perks, they optimize workforce engagement and allow better resource allocation. Moreover, artificial intelligence (AI) and machine learning (ML) are being widely adopted by organizations across the country to improve their HCM practices. Companies are switching to a mobile-responsive design of HCM software to allow better user engagement, enhanced performance and reduced device management costs. Competitive landscape: The human capital management market in India is led by a balanced mix of established players, and numerous mid-level, emerging and small players. Companies like ADP India Pvt. Ltd, Oracle India Pvt. Ltd. and SAP India Pvt. Ltd. are key players in the market. Companies covered: ? ADP India Pvt. Ltd. ? Beehive Software Services Pvt. Ltd. ? FlexiEle Consulting Services Pvt. Ltd. ? Greytip Software Pvt. Ltd. ? Oracle India Pvt. Ltd. ? SAP India Pvt. Ltd. ? Spine Technologies India Pvt. Ltd. ? Uneecops Workplace Solutions Pvt. Ltd ? ZingHR Techno India Pvt. Ltd. ? Zoho Corporation Pvt. Ltd....

  • Id : RNR-885752
  • Category : Semiconductor Electronics
  • Pages : 61

Market insights The fifth-generation cellular or 5G network technology is predicted to accelerate the digital growth of India. Ultra-fast speed, high bandwidth and low latency of 5G are envisioned to fuel the digital transformation of the country. In India, the commercial launch of 5G is expected to transpire in late 2020. The 5G market in India is projected to be valued at INR 32.43 Bn by 2020 and is estimated to reach INR 19,053.09 Bn by 2025, expanding at an exceptional compound annual growth rate (CAGR) of 96.69% during the 2021-2025 period. The auction of 5G spectrum by TRAI was scheduled in the second quarter of 2020; however, it has been postponed until late 2020, owing to the COVID-19 pandemic. Potential applications of 5G: Sustainable pricing of spectrum, stable policy and regulatory landscape, and innovative use cases are estimated to be key enablers accelerating the growth of the 5G market in India. Agriculture, automotive, manufacturing, healthcare, energy & utilities, and media & entertainment are likely to be the potential end-user industries of 5G. It is expected to revolutionize the agriculture industry through high-speed data transfer in agricultural drone, smart irrigation, precision farming, and monitoring of soil, crop and livestock. In the automotive industry, 5G is expected to fast track the implementation of connected cars, V2X (vehicle to everything), autonomous driving, and smart transportation system. The manufacturing industry is predicted to leverage 5G in connected and smart factories, synchronized planning, smart supply-chain network, and smart logistic operations. Furthermore, 5G is likely to digitally transform the healthcare industry through the application of internet of medical things (IoMT), connected healthcare, patient data management and online consultation. 5G is expected to find extensive use in smart cities. The major smart city applications of 5G are anticipated to be smart utility management systems, smart grids and metering systems, smart traffic management systems, smart traffic lights, video surveillance and analytics, and waste management. Market influencers: India has been the largest consumer of data in the world. The country accounted for the consumption of 11 GB data per month per user, on an average. The existing broadband technology falls short to meet the soaring demand owing to lack of adequate infrastructure. 5G has enormous potential to accomplish the various gaps of the existing 4G LTE technology like low mobility speed, high latency and capital intensive deployment. 5G has high data speed, which improves mobility and user experience. Furthermore, the less than one millisecond latency satisfies the acute criteria of industrial and IoT applications. Furthermore, the highly reliable and secured 5G network is crucial to support the budding IoT landscape in India. The mass adoption of IoT devices and applications is projected to foster the 5G market in India. The commercial launch of 5G is thwarted by high price of 5G spectrum, high CAPEX, lack of infrastructure and data security concerns. The pricing of the 5G spectrum recommended by TRAI is exorbitant as compared to the international market, challenging the financially struggling Indian telecom industry. The 5G infrastructure requires fiberized towers, network densification and specialized base station, leading to gigantic CAPEX investments for telecom players. Vodafone Idea Limited, Bharti Airtel Limited and Reliance Jio Infocomm Limited together would require a capital expenditure of around INR 2.1 Tn over the next five years for 5G infrastructure. Impact of COVID-19: The crisis caused by the COVID-19 pandemic has delayed the 5G roll out plan in India. The 5G spectrum auction, which was scheduled in June 2020, has been postponed. Furthermore, 3GPP has also delayed the release of 5G standards. This in turn, has led layers to stall the production of infrastructure equipment and devices. As a result of the delay in 5G spectrum auction, companies like Samsung and Oppo have launched their recent products without 5G support in India, while the same devices have 5G support features in other country markets. Although the launch has been delayed, the market witnessed a sharp rise in the demand for high-speed data amid the pandemic. An exponential rise in data traffic, the requirement of seamless network connection for remote working and penetration of IoT devices are projected to mark a positive impact of the 5G market amid the pandemic. Competitive landscape Telecom operators in India have been keen to harness the 5G opportunity. Strategic collaboration with equipment and infrastructure vendors have been a major focus of telecom companies. Bharti Airtel Limited established strategic alliances with international vendors like Nokia, Ericsson, Cisco, IBM and Red Hat over the recent past to build 5G infrastructure. Vodafone Idea Limited has entered a multi-year agreement with Ericsson to deploy 5G-ready wireless equipment in India. On the other hand, Reliance Jio Infocomm (Jio) has been strengthening the development of indigenous end-to-end 5G technology. Companies covered 5G service providers ? Bharti Airtel Limited ? Bharat Sanchar Nigam Limited ? Reliance Jio Infocomm Limited ? Vodafone Idea Limited Infrastructure equipment vendors ? Cisco Systems, Inc. ? Ericsson ? Huawei Technologies Co., Ltd ? Nokia Oyj ? ZTE Corporation...

  • Id : RNR-885749
  • Category : Semiconductor Electronics
  • Pages : 74

Market insights With the turn of the twenty first century, India emerged as a global sourcing destination for IT-related functions, as well as BPO. Low cost, technological competence, access to a competent talent pool, and a supportive policy framework are driving the Indian IT outsourcing market. In terms of revenue, the IT outsourcing market in India was valued at INR 5,649.47 Bn in 2019 and is estimated to reach INR 8,830.14 Bn by 2025, expanding at a CAGR of 7.25% during the 2020-2025 period. Market segmentation based on type: The IT outsourcing market in India is segmented into IT services and packaged software. The market was dominated by the IT services segment, which accounted for 89.70% share of the market revenue in FY 2019. Increased demand for infrastructure service and Cloud service outsourcing contributed to the large share of this segment. The packaged software segment is estimated to develop rapidly over the forecast period. India?s proficiency in SMAC (social, mobility, analytics, cloud) technologies is expected to fuel the growth of this segment. India is likely to emerge as a leading provider of various software including fintech, SaaS and network security in the coming years. Market segmentation based on industry vertical: Key industries served by the Indian IT outsourcing companies include banking, financial services, and insurance (BFSI), hi-tech/telecommunication, manufacturing and healthcare. BFSI emerged as the largest industry segment, accounting for 55.65% of revenue share in FY 2019. India?s aim of achieving a cashless economy with the aid of digital banking and fintech solutions has allowed steady growth of the BFSI segment. The healthcare segment is projected to expand at a CAGR of 12.00% during the FY 2020-FY 2025 period. The healthcare industry is at the cusp of a digital revolution, resulting in a colossal demand for technology-enabled products and services including telehealth, telemedicine, healthcare analytics and electronic health records (EHR). Market segmentation based on export destination: The U.S., U.K. and Europe are among the major countries and regions that outsource IT services from India, owing to price advantage and flexibility. With growing digital capabilities, India has leapfrogged from being a service provider to a developer of innovative software based on frontier technologies. The IT outsourcing market in India generated a revenue of INR 3,499.28 Bn from the U.S. Moreover, China, Japan, and ASEAN countries are likely to offer lucrative opportunities to IT outsourcing companies in India. Market influencers: The phenomenal enhancement of digital infrastructure in India played an instrumental role in driving the IT outsourcing market. Penetration of the internet and high-speed internet connectivity, and establishment of innovation centers in software technology parks of India (STPI) units and special economic zones (SEZs) have propelled market growth. Furthermore, Indian IT companies are offering training on disruptive technologies like automation, analytics, AI, machine learning and IoT in order to build a digitally skilled workforce. However, the growth of global in-house centers and reduced global IT spending have been keeping the market from progressing. The economic meltdown and complex geopolitical environment are projected to impede its growth further. Impact of COVID-19: The COVID-19 pandemic has led to an unprecedented economic turmoil across the world and the IT outsourcing market in India is not expected to be resilient to its impact. Global business are likely to trim down their IT budget as part of their cost-cutting strategies. Stringent measures taken by enterprises to reduce discretionary spending are projected to affect the conversion of new deals in pipeline, assignment of new contracts and delay contract renewals. On the other hand, existing projects are likely to face a reduction in billable employees, affecting price negotiations. However, as enterprises focus on business continuity plans (BCP) for remote working, the demand for Cloud infrastructure services and security software is expected to pick up. Competitive landscape The IT outsourcing market in India is led by established players, collectively accounting for more than 50% revenue share of the market. These players provide a comprehensive range of services and solutions to their huge customer base present across the globe. In addition to these large players, the market has a significant presence of numerous mid-level, emerging, and small players. The leading IT companies in India have been focusing on strengthening their digital capabilities through inorganic growth strategies. Companies like Infosys Limited, Wipro Limited, Tata Consultancy Services Limited and HCL Technologies Limited have acquired start-ups and niche players with exclusive capabilities in digital technologies. Companies covered ? HCL Technologies Limited ? Hexaware Technologies Limited ? Infosys Limited ? Larsen & Toubro Infotech Limited ? Mindtree Limited ? Mphasis Limited ? Tata Consultancy Services Limited ? Tech Mahindra Limited ? Wipro Limited ? Zensar Technologies Limited ...

  • Id : RNR-885745
  • Category : Semiconductor Electronics
  • Pages : 97

The smart home market in India is expected to reach INR 324.14 Bn by 2024, from INR 90.15 Bn in 2019, expanding at a compound annual growth rate (CAGR) of ~29.17%. Increasing disposable income, rising geriatric population and initiatives undertaken by the government for smart city development, have provided an impetus to the smart home market in India. In addition, escalating demand for energy-efficient systems and growing popularity of smart speakers have also been fueling market growth. However, high cost of smart home devices is expected to limit the widespread adoption of these products in the country. Market segmentation: Based on product type, the smart home market is segmented into smart lighting, control and entertainment systems, security and access control, smart thermostat, and smart home appliances. The smart home appliance segment is the leading segment, which held a market share of ~45.55% in 2019. These appliances are controlled either using smartphones, voice or touch technology, making it more convenient for users to operate. These control features have attracted several users to adopt connected appliances in their households. This, in turn, has propelled the growth of the smart home appliance market in India. Smart lighting is anticipated to be the fast-growing segment, expanding at a CAGR of ~47.57% during the forecast period. Various energy-saving initiatives by the government, along with improved awareness about energy-efficient lighting products have increased the adoption of smart lighting among Indians. The control and entertainment systems segment is expected to expand at a CAGR of ~27.48%. Smart speakers have gained immense popularity among the growing millennial and Gen-Z population. Smart speaker manufacturers like Amazon, Apple and Google are adding new features such as voice recognition in regional languages, music playback, and streaming podcasts, among others, to attract more customers. Apart from smart speakers, entertainment systems like Amazon Fire TV Stick, Apple TV and Google Chromecast are also expected to flourish in the Indian market. Market insights: Voice-activated assistants like Alexa, Bixby, Google Home and Siri are being increasingly adopted as controlling units for the Indian smart home ecosystem. Hence, original equipment manufacturers (OEMs) are launching new smart home products compatible with more than one voice assistant. Smartphones have become the primary interface for remotely controlling smart home devices. The companies are leveraging the potential of smartphone apps to provide remote access to users. Users can easily receive notifications/warnings about unauthorized entry, operate air conditioners, and control lighting systems, among other functions, using such apps. Companies covered ? ABB India Ltd. ? Honeywell International India Pvt. Ltd. ? Amazon India Ltd. ? Google India Pvt. Ltd. ? Legrand (India) Pvt. Ltd. ? Prama Hikvision India Pvt. Ltd. ? Samsung India Electronics Pvt. Ltd. ? Schneider Electric India Pvt. Ltd. ? Signify Innovations India Ltd. ? Xiaomi Technology India Pvt. Ltd. ...

  • Id : RNR-885740
  • Category : Semiconductor Electronics
  • Pages : 73

The online food delivery market in India is growing in tandem with evolving lifestyle patterns and eating habits of Indians. Hectic work schedules and rise in disposable incomes have popularized food delivery, especially in urban areas. The online food delivery market in India is expected to expand at compound annual growth rates of ~30.55% (based on revenue) and ~10.19% (based on the number of users) during the 2020-2024 period, to generate a revenue of INR ~1,334.99 Bn and develop a user base of ~300.57 Mn by 2024. Major players currently operating in the Indian online food delivery market include platform-to-customer service providers like Swiggy (Bundl Technologies Private Limited), FreshMenu (FoodVista India Private Limited), Faasos (Rebel Foods Private Limited) and Zomato (Zomato Media Private Limited). Apart from these, there exist certain companies that operate with a restaurant-to-customer delivery model like Box8, Domino's (Domino's Pizza, Inc.), and KFC (Yum! Brands, Inc.). Segment-wise market overview As of 2019, millennials accounted for ~63% of the overall user base of the online food delivery market. This is owed to increasing disposable income of the millennials, especially in the urban regions in India. Also, millennials prefer ordering food online since it is easy to handle and saves time and energy of cooking at home. In 2019, out of the major online food delivery service providers, Zomato held a share of ~38% in terms of user base. Swiggy held a share of ~27% in the online food delivery user base of India in 2019. High adoption rates in tier I and tier II cities, as well as swift delivery services has helped these two companies to gain the high share in the Indian market. Key growth driver of the market In the recent years, the number of working women has increased in the Indian workforce, especially in the city-based organized sectors. As a result, the number of double income families in also on the rise. With both the partners working and maintaining hectic working schedules, it become difficult for people to get time and energy to cook at home. Moreover, the dual income scenario has increased the overall spending capacity of the families. Also, the key players like Swiggy, and Zomato keep on announcing lucrative offers for the customers, both existing and new, in order to keep up the stiff competition in the online food ordering market. This in turn is leading towards people?s preference towards ordering food online and enjoying their favourite cuisine at home at an affordable price, thereby increasing the overall value and user base of the online food ordering market in India. Key deterrent to the growth of the market Recently, there have been several instances of spurious and closed restaurants; and food shops taking orders on food platforms, only to be informed later that either the shop cannot be located or had shut operations. Cases were reported where certain outlets registered on these food delivery apps have turned out to be makeshift, or operate out of home joints, with hardly any focus on hygiene and quality. This has caused annoyance among both the customers and the food delivery executives. Also, consumers are becoming concerned about the quality of food since such unauthorized food stalls seldom maintain hygiene both while cooking and packaging. This, in turn, is developing dissatisfaction among the customers of the online food delivery market in India. Companies covered ? Box8 ? Bundl Technologies Private Limited ? FoodVista India Private Limited ? Rebel Foods Private Limited ? Zomato Media Private Limited ? Domino?s Pizza, Inc. ? Yum! Brands, Inc. ...

  • Id : RNR-885737
  • Category : Semiconductor Electronics
  • Pages : 52

Manufacturing companies in India have been digitizing their plants with advanced process controls, analytics, and AI-based decision support solutions. Several Indian manufacturing companies have been investing in artificial intelligence AI-based factory automation solutions to improve product quality and design, reduce labor costs, minimize manufacturing cycles, and monitor real-time condition of machines. To ensure efficiency and productivity, companies such as Blue Star Ltd., TVS Motor Company Ltd., JK Tyre & Industries Ltd., and Asian Paints Ltd. have deployed AI-based solutions and analytics platforms across their manufacturing units in India. Market trends: The automated manufacturing machines use AI solutions to identify faults in the manufacturing process and notify the production team to eliminate product quality issues. Manufacturing companies are also installing AI-enabled predictive maintenance systems that are capable of self-monitoring and reporting malfunctions in real time. IBM has developed cognitive assistants using its cognitive computing platform Watson, for manufacturers to reduce errors and improve product quality. Similarly, Qualitas Technologies has developed the Eagle Eye Inspection System, which uses an AI-based vision controller to check the quality of products. Indian manufacturers are deploying collaborative robots powered by analytics and AI. These robots are capable of handling additional cognitive tasks and making independent decisions based on real-time data. Blue Star Ltd. is using AI-enabled collaborative robots (offered by Universal Robots A/S) to optimize the task of copper tube expansion and minimize stress risks associated with it. Market insights: Over the past few years, venture capital firms and global companies like GVFL Ltd., Boschand Hitachi High-Tech Solutions Corporationhave invested in Indian AI start-ups serving the manufacturing industry. These investment activities have supported the development of AI-based solutions, as a result, propelling the growth of AI in the Indian manufacturing industry. Indian manufacturers are continuously harnessing the power of Industrial Internet of Things (IIoT) by incorporating intelligent controls, sensors and smart switches in their production units. Use of IIoT, together with AI and data analytics, is expected to benefit the manufacturing industry by providing real-time insights for faster decision making. Companies covered ? Abee Research Labs Pvt. Ltd. ? EroNkan Technologies Pvt. Ltd. ? Flutura Business Solutions Pvt. Ltd. ? LivNSense Technologies Pvt. Ltd. ? Universal Robots (India) Pvt. Ltd. ? Altizon Systems Pvt. Ltd. ? IBM India Pvt. Ltd. ...

  • Id : RNR-885725
  • Category : Semiconductor Electronics
  • Pages : 56