Mese: giugno 2024

India Structured Cabling Market Outlook: Insights and Forecasts 2028

According to TechSci Research report, “India Structured Cabling Market – By Region, Competition, Forecast & Opportunities, 2018-2028F”, the India Structured Cabling Market is expected to register robust growth during the forecast period 2024-2028. Structured cabling refers to a standardized architecture for organizing and connecting various communications systems within a building or campus, including local area networks (LANs), data centers, security systems, building automation, and audio-visual systems. The demand for structured cabling solutions in India is driven by the growth of industries such as IT, telecommunications, BFSI, healthcare, and retail. These sectors require efficient data management and high-speed internet connectivity, which structured cabling systems facilitate. The India Structured Cabling Market is expected to grow steadily across these sectors in the coming years.

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One of the primary functions of structured cabling is to facilitate the transfer of data between different formats, ensuring standardization, speed adjustment, and safety control. As smart cities and intelligent building management systems gain traction, structured cabling solutions are increasingly adopted to enhance productivity and cost-efficiency in businesses.

The expansion of the construction sector, particularly in emerging economies, contributes significantly to the demand for structured cabling systems. These systems are essential for new construction and infrastructure projects, as well as for the establishment of data centers and cloud computing facilities.

However, the market faces challenges such as high installation and maintenance costs, a shortage of skilled professionals, and low awareness among end-users about the benefits of structured cabling solutions. To address these challenges, government initiatives and industry associations are encouraged to promote the adoption of structured cabling solutions in India.

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The market is segmented by Product Type into Fiber Cable, Copper Cable, and Fiber Components. The fiber optic cable segment is expected to grow at a high CAGR due to advantages such as higher bandwidth, longer distances, and better signal quality compared to traditional copper cables. The demand for copper cables is driven by factors like increased energy consumption and investments in building construction, smart grids, and power transmission systems.

In terms of applications, the market is segmented into LAN and Data Center. The LAN segment dominates the market, driven by the rising demand for high-speed internet connectivity and the adoption of cloud-based services and data centers in India. The data center segment is also poised for significant growth due to increasing demands for data storage and management solutions across BFSI, healthcare, and retail industries.

The market further categorizes Wire Category into Category 5e, Category 6, Category 7, and Category 6a, while End User Industries include Telecommunication, Government, Commercial, and Others. These segments provide a detailed analysis of the varied applications and users driving the structured cabling market in India.

Key market players in the India Structured Cabling Market include:

  • 3C3 India Pvt. Ltd,
  • TE Connectivity Ltd.,
  • Schneider Electric India
  • America Fujikura India Private Limited
  • LEGRAND INDIA PVT. LTD
  • Siemen India
  • Panduit Corp.
  • ABB INDIA
  • Belkin India Pvt Ltd
  • Cisco India Ltd.

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“The use of structured cabling solutions has enabled organizations to efficiently handle vast volumes of information by facilitating quicker and more effective communication and data transfer. This has led to improved productivity and competitiveness in the digital age. In addition, the implementation of structured cabling solutions is beneficial for building smart cities, which are characterized by the integration of cutting-edge technology and digital systems. The adoption of structured cabling solutions in smart cities has resulted in enhanced energy efficiency, security, traffic management, and environmental monitoring. As a result, the lives of residents in such cities have been made more convenient and comfortable. The growth of smart cities and the increasing adoption of structured cabling solutions are among the key drivers of the India structured cabling market. With the numerous benefits that structured cabling solutions offer, including improved communication, data transfer, energy efficiency, security, traffic management, and environmental monitoring, it is expected that the demand for structured cabling solutions will continue to grow in India and globally. The market for structured cabling has also been influenced by the expansion of Internet of Things (IoT), since more and more linked devices necessitate a dependable and expandable infrastructure. As a result, the market has new potential to develop as demand for structured cabling systems keeps rising. In conclusion, structured cabling is changing the world by enhancing data transport and communication, enabling the creation of smart cities, and fostering the expansion of IoT. This, in turn, is advancing society’s general growth and advancement.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Structured Cabling Market by Product Type (Copper Cable, Fiber Cable, Fiber Components), By Application (LAN, Data Center), By Wire Category (Category 5e, Category 6, Category 7, Category 6A), By End User (Telecommunication, Government, Commercial, Others), By Region, Competition Forecast & Opportunities, 2028F has assessed the India Structured Cabling market’s future development potential and provides data and information on market size, structure, and projected market growth. The report’s goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, constraints, and opportunities in the India Structured Cabling market.

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India Encoder Market to Reach USD 65.55 Billion by 2028: Top Players and Competitive Analysis

According to TechSci Research report, “India Encoder Market – By Region, Competition Forecast & Opportunities, 2018-2028F,” The India Encoder Market is poised for strong growth in the forecast period from 2024 to 2028. Encoders are essential components added to direct current motors to convert mechanical motion into digital pulses comprehensible by integrated control electronics. This market is expected to demonstrate steady expansion driven by advancements in technology, particularly in hybrid absolute/incremental rotational encoders, which cater to increasing demand for signal precision and flexibility.

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Industry 4.0, synonymous with the fourth industrial revolution, plays a pivotal role in this growth trajectory. It signifies a shift towards cloud-based infrastructures enabling data analytics and virtualization of production processes, thereby boosting automation and demand for high-end automation solutions. The India Encoder market has been witnessing robust growth due to escalating automation needs across diverse industries, where encoders facilitate precise control and monitoring of industrial processes.

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Key factors propelling market growth include the rising adoption of vertical encoder services. This trend is spurred by automation and robotics in manufacturing, driving the need for accurate position control. Moreover, advancements in encoder technologies such as absolute and linear encoders enhance system accuracy and reliability, further fueling market demand.

Looking ahead to 2028, the adoption of vertical encoder services is expected to drive significant market expansion. As automation continues to evolve and integrate with advanced encoder technologies and other industrial automation solutions, the demand for encoder systems is projected to grow substantially.

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The India Encoder market is segmented by Technology (Optical, Magnetic, Others), Type (Rotary Encoder, Linear Encoder), and End User (Industrial, Consumer Electronics, Textiles, Automotive, Packaging, Food & Beverages, Others). Regionally, the market is segmented into East India, West India, North India, and South India.

Rotary encoders dominate the market for encoder types, serving to measure rotational motion with high precision and reliability. Absolute encoders, in particular, are gaining popularity for their ability to provide position information without requiring a reference point, catering to diverse industrial applications.

Key market players in the India Encoder Market include:

  • Baumer Holding AG
  • Sensata Technologies, Inc.
  • Rockwell Automation Inc
  • Dynapar Corporation
  • Omron Automation
  • Dr. Fritz Faulhaber GmbH & Co. KG
  • Posital-Fraba Inc
  • Heidenhain GmbH
  • Elco Industrie Automation GmbH
  • Maxon Motor Ag.

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“The encoder market in India will continue to grow at a significant rate in the coming years, driven by several factors. According to industry experts, one of the key drivers of the India Encoder market is the increasing adoption of Industry 4.0 technologies, such as artificial intelligence, machine learning, and cloud computing. These technologies are expected to create new opportunities for encoder manufacturers and service providers, by enabling the integration of encoders with other industrial automation technologies, and the collection and analysis of data from encoder systems. Experts also highlight the growing importance of vertical encoder services in the Indian market, owing to the increasing demand for precision measurement and control in industrial applications. The development of advanced encoder technologies, such as absolute encoders and linear encoders, has further improved the accuracy and reliability of encoder systems, making them an essential component of many industrial automation applications. In addition, experts believe that the government initiatives such as “Make in India” and “Digital India” are expected to boost the growth of the encoder market in India by promoting investment in the manufacturing sector and encouraging the adoption of digital technologies.

Overall, experts are optimistic about the growth prospects of the India Encoder market, given the increasing demand for automation, the development of advanced encoder technologies, and the integration of encoders with other industrial automation technologies. Market players probably rely on production momentum to obtain an advantage over rivals. Manufacturers are integrating cutting-edge signal-processing algorithms and encoders to increase operational reliability. The power of consumerism, which is driving up demand for industrial skills, will guarantee a steady growth rate in the forthcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.”

“India Encoder Market By Technology (Optical, Magnetic, Others), By Type (Rotary Encoder, Linear Encoder), By End User (Industrial, Consumer Electronics, Textiles, Automotive, Packaging, Food & Beverages, Others), By Region, Competition Forecast & Opportunities, 2028F,” has assessed the India Encoder Market’s future development potential and provides data and information on market size, structure, and projected market growth. The report’s goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyzes emerging trends, as well as key drivers, constraints, and opportunities in the India Encoder market.

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India Intelligent Transportation System Market Size, Trends & Report 2028

According to TechSci Research report, “India Intelligent Transportation System Market – By Region, Competition Forecast & Opportunities, 2018-2028,” The India Intelligent Transportation System (ITS) market is poised for robust growth from 2024 to 2028. ITS leverages sensing, analysis, control, and communications technologies in ground transportation to enhance safety, mobility, and efficiency. It encompasses diverse applications that analyze and communicate data to reduce congestion, optimize traffic management, minimize environmental impact, and improve transportation benefits for businesses and the public.

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Intelligent Transportation Systems (ITS) are developed to address concerns such as transportation security, emissions, and traffic density, and are widely deployed globally, especially in the United States and Europe. These systems are tailored for highway and tunnel projects, integrating cutting-edge technology and communication channels to meet user demands and infrastructure needs. India is emerging as a promising market as the country upgrades its transportation infrastructure to meet international standards.

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Increasing awareness about enhanced safety mechanisms provided by ITS, ensuring commuter safety and delivering real-time traffic information, is driving its adoption in India. The technology is being systematically deployed across various sites, offering features like accident detection and emergency notifications that ensure timely ambulance arrival within 15 minutes. This expansion presents growth opportunities for leading companies to scale their development, production, and distribution capacities to meet rising demand. Government initiatives such as InTranSE (Collaborative Intelligent Transportation Systems Endeavor for Indian Cities) further bolster the potential for advanced ITS solutions in India, contributing to overall industry expansion.

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As the number of autonomous and connected vehicles continues to rise, India’s transportation infrastructure is evolving to accommodate future needs. ITS service providers offer expertise in solution design, system planning, implementation, and project execution, aligning with urbanization trends, increasing disposable incomes, and the demand for modern vehicles that simplify the driving experience. This convergence drives the need for well-connected transportation systems, enhanced infrastructure, and improved road safety.

Additionally, upcoming smart city projects, enhanced communication networks, and government initiatives aimed at smart development in India are expected to create new opportunities in the market.

Key market players in the India Intelligent Transportation System Market include: 

  • Tata Group
  • Siemens India
  • Urban Mass Transit Company Limited
  • Schneider Electric India Pvt. Ltd
  • Urban Mass Transit Company Limited
  • Mobisoft Infotech LLC
  • Kent Intelligent Transportation Systems India Pvt Ltd
  • NEC Corporation India Pvt. Ltd
  • AUM Infotech Pvt Ltd
  • ATT India

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During the projected period, Advanced Traffic Management Systems (ATMS) are expected to make a significant contribution to the India Intelligent Transportation System Market. It is mostly due to these systems’ capacities to optimize traffic flow and vehicle mobility, record real-time traffic data via speed sensors and cameras, and take automatic action, among other things. ATM use is rapidly rising across India as a result of these benefits. Furthermore, growing awareness of other benefits such as increased transportation system efficiency, improved safety, increased economic productivity, reduced fuel consumption, and lower environmental costs, among others, are contributing to the growing popularity and utilization of these systems in India. Furthermore, the government’s active engagement is encouraging demand for ATMS, as the National Highways Authority of India (NHAI) performed a test for the ATMS system on the Delhi-Meerut Expressway and the Eastern Peripheral Expressway. As a result, it is creating chances for the industry’s leaders to expand their research, manufacturing, and distribution of these systems for the rising installation throughout roads and motorways.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Intelligent Transportation System Market By Type (Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Advanced Transportation Pricing System (ATPS), Others), By Applications (Traffic Monitoring & Management, Freight Management, Public Transport Management, Road Tolling System, Parking Management, Others), By Deployment (On-Premises, Cloud), By Region, Competition Forecast & Opportunities, 2028,” has assessed the India Intelligent Transportation System market’s future development potential and provides data and information on market size, structure, and projected market growth. The report’s goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, constraints, and opportunities in the India Intelligent Transportation System Market.

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India Dry Type Transformer Market Forecast: Future Projections 2028

According to TechSci Research report, “India Dry Type Transformer Market – By Region, Competition Forecast & Opportunities, 2018-2028,” The India dry type transformer market is poised for significant growth in the forecast period, driven by increasing energy demand, reduced fire hazards, and the preference for safer electricity distribution methods in residential and commercial sectors. Dry-type transformers are expected to gain traction due to their safety advantages and eco-friendliness compared to oil-filled alternatives. They offer fire protection, lighter weight, space efficiency, and cost-effectiveness in installation and maintenance.

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Furthermore, the growth of the India dry type transformer market will be propelled by expanding manufacturing, industrial activities, and natural resource exploration, particularly in oil production, chemicals, and marine applications across the country. The thriving oil, gas, and chemical sectors, which prioritize hazard-free operations, present promising growth opportunities for the India dry type transformer market throughout the forecast period.

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India Dry Type Transformer Market is segmented into core, technology, classes of insulation, type, phase configuration, installation, winding, rating, application, mounting, region, and competitive landscape.

Based on technology, cast resin is projected to lead the India dry type transformer market, primarily due to its widespread adoption across various applications. It offers advantages such as fire resistance and low maintenance, making it highly favored in sectors including general and public buildings, industrial plants, wind turbine facilities, solar farms, LNG vessels, airports, railways, and specialized applications like furnace transformers, electric welding equipment, and UPS systems.

Regarding phase configuration, single-phase transformers are expected to dominate the India dry type transformer market, driven by their extensive use in residential and commercial power supply for motor operations. Continuous advancements in single-phase dry type transformer technologies by power management firms are also anticipated to bolster growth in this sub-segment throughout the forecast period.

In terms of regional dominance, West India is poised to lead the India dry type transformer market. Recent significant transformations in the region’s power infrastructure have enhanced industry dynamics. The ongoing economic expansion continues to drive the region’s demand for power. The Indian government’s focus on achieving universal electricity access (“power for all”) has accelerated capacity expansion efforts. Consequently, the region faces competitive pressures across supply chains and markets, particularly in areas such as fuel resources, financing, human resources, and logistics.

Major market players operating in the India Dry Type Transformer Market are:

  • ABB India Ltd
  • Siemens India Limited
  • Alstom T&D India
  • Kirloskar Electric Company Limited
  • Gujarat Transformers Pvt. Ltd
  • Urja Techniques (India) Pvt. Ltd
  • Uttam Bharat
  • Kotsons Pvt. Ltd
  • ABC Transformers
  • Servomax Limited

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“The market is anticipated to be driven throughout the projected period by rising electricity consumption and the incorporation of renewable power generation. Nevertheless, the benefits that oil-cooled transformers have over dry-type transformers been anticipated to moderate the market’s expansion throughout the anticipated time frame. Additionally, the Indian government is putting more of an emphasis on utilizing renewable energy sources in their total electricity production, which directly raises the demand for dry type transformers throughout the nation.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Dry Type Transformer Market By Core (Closed, Shell, Berry), By Technology (Cast Resin and Vacuum Pressure Impregnated), By Classes of Insulation (Class R, Class H, Class F, Class B, Class A), By Type (Open Wound, Vacuum Pressure Impregnated, Vacuum Pressure Encapsulated), By Phase Configuration (Single, Three), By Installation (Outdoor, Indoor), By Winding (Copper Winding and Aluminum Winding), By Rating (< 5 MVA, 5 MVA to 30 MVA, > 30 MVA), By Mounting (Pad and Pole), By Application (Industries, Inner-city Substations, Indoor/Underground Substations, Renewable Generation), By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of India Dry Type Transformer 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 India Dry Type Transformer Market.

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India IoT in Manufacturing Market Trends, Share Analysis, Outlook 2028

According to TechSci Research report, India IoT in Manufacturing Market – By Region, Competition, Forecast and Opportunities, 2028, The India IoT in Manufacturing market is poised for robust growth during the forecast period from 2024 to 2028. India has made significant advancements in smart manufacturing, bolstered by government initiatives promoting favorable policies, infrastructure investments, and support for research and development.

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The market for IoT in manufacturing in India is expanding rapidly due to the increasing demand for connected devices and analytics, alongside the growing adoption of cloud computing services. Moreover, factors such as the rising integration of business automation in manufacturing and industrial processes, and the increasing focus on 5G technology, are driving market growth. The IT sector’s substantial contribution to India’s GDP, accounting for 8% in 2020, underscores its pivotal role in fostering IoT adoption in manufacturing. Additionally, the allocation of USD 7.31 billion to the IT sector in the Union Budget 2021 is expected to indirectly catalyze growth in the IoT in Manufacturing market during the forecast period.

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Despite these positive trends, concerns over data privacy and security, as well as challenges related to data interoperability, pose obstacles to the widespread adoption of IoT in the manufacturing sector in India.

The India IoT in Manufacturing Market is benefiting from the increasing demand for Industrial Internet of Things (IIoT), the proliferation of smart sensors and beacons, and the expanding use of IoT in supply chain management. Favorable government initiatives and the rising adoption of analytics across various sectors such as energy & utilities, and oil & gas, further contribute to the market’s growth trajectory. Moreover, the surge in cloud platform adoption, advancements in data analytics capabilities, and the development of wireless networking technologies are expected to propel the India IoT in Manufacturing Market in the forecast period.

India IoT in Manufacturing Market can be broadly segmented into component, application area, vertical and region. India IoT in manufacturing solution market is expected to grow in the coming years due to its capacity to make the manufacturing process smoother and more organized. These IoT solutions lead to growth in business and ease of workforce. Industries are now recognizing the need for smart sensors along with connectivity and data storage that can allow personal protective equipment to offer better health and safety IoT solutions in manufacturing. “Intelligent” health and safety equipment can identify “pain points” or areas of increased risk of potential accidents. The smart IoT solutions for manufacturing units that help maximize productivity and automate all processes in the manufacturing are expected to boost the India IoT in Manufacturing Market.

The market of IoT in manufacturing in the country is gaining traction and is expanding to various regions such as North, South, East, and West. South India is expected to witness growth during forecast period owing to rising penetration of the technology in this region. The Southern cities such as Bengaluru, Chennai, Hyderabad have been the key contributors to the IoT in manufacturing industry in India. In addition, emerging cities like Kochi, Thiruvananthapuram, Coimbatore, Visakhapatnam, Mysore, and Kozhikode are creating a further pull factor for the Southern region in IoT in Manufacturing Market in the country. Additionally, major players in India IoT in Manufacturing Market such as IBM India Pvt. Ltd., Cisco Systems (India) Pvt. Ltd., Microsoft India Private Limited, SAP India Pvt. Ltd are operating their facilities in the Southern region. Various other leading product manufacturing companies are also expected to set up new production facilities in the region during the forecast period.

Key market players in the India IoT in Manufacturing market:

  • IBM India Pvt. Ltd.
  • Cisco Systems (India) Pvt. Ltd.
  • Huawei Telecommunications India Pvt. Ltd.
  • Microsoft Corporation (India) Pvt. Ltd.
  • Schneider Electric India Pvt. Ltd.
  • Siemens Limited
  • Bosch Ltd.
  • SAP India Private Limited
  • General Electric India
  • Zebra Technologies India Private Limited

Schneider Electric India Pvt. Ltd. acquired the electrical and automation business of Larsen & Toubro in 2020 in which 65% stake is owned by French multinational Schneider Electric, while 35% stake is held by global investment company Temasek.

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“The demand for IoT in Manufacturing is anticipated to grow during the forecast period owing to rising investments in industry 4.0. Among verticals, electronics and electrical segment is projected to grow at an impressive rate at the back of increasing adoption of smart sensors and beacons. Moreover, increasing demand for handling challenges such as data privacy & security issue, inconsistent network availability, etc., along with increasing investment by the Indian government on industry 4.0 and Adoption of 5G is further promoting the growth of IoT in manufacturing in India” said, Mr. Karan Chechi, Research Director with TechSci Research, a research-based India management consulting firm.

“India IoT in Manufacturing Market Segmented by Component (Solutions, Services & Platforms), By Application Area (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-Time Workforce Tracking & Management, Automation Control & Management, Emergency & Incident Management, and Business Communication), By End Use Industry (Energy & Utilities, Automotive, Food & Beverages, Aerospace & Defense, Chemicals & Materials, High-Tech Products, Healthcare, Others), By Region, Competition, Forecast and Opportunities, 2028 has evaluated the future growth potential of India IoT in Manufacturing 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 IoT in Manufacturing market.

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India Cloud Storage Market Trends, Top Companies, Revenue & Fotreacst 2028

According to TechSci Research report, “India Cloud Storage Market – By Region, Competition Forecast & Opportunities, 2018–2028,” The India Cloud Storage market is poised for substantial growth during the forecast period from 2018 to 2028. Cloud storage refers to the market where data and files are stored and accessed over the internet, rather than on physical hard drives or local servers. This market has witnessed significant expansion as more businesses and individuals adopt cloud storage solutions for their data storage needs. Key players in the cloud storage market include Amazon Web Services (AWS), Microsoft Azure, Google Cloud, IBM Cloud, among others. The India cloud storage market is expected to sustain its upward trajectory as organizations increasingly transition to cloud computing, driven by the escalating volume of data generated that necessitates robust storage solutions.

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The advent of cloud computing has revolutionized the data protection, storage, and backup landscape by offering models that enable businesses to manage, access, and store data on remote cloud servers via the internet. Cloud computing is characterized by high levels of data security and protection, cost efficiency, remote access capabilities, and automated backup processes, all of which are anticipated to spur its adoption across various industries in India. The rising demand for software-defined storage and hybrid cloud solutions has led to the emergence of hyper-converged storage solutions. Additionally, the growing trend towards edge computing is expected to accelerate the adoption of cloud computing, thereby increasing the demand for data storage and backup solutions across different sectors.

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In August 2020, Reliance Jio announced a partnership with Microsoft Corporation India Pvt. Ltd. to introduce Jio’s cloud services leveraging Microsoft Azure’s infrastructure. This collaboration aimed to provide scalable cloud solutions specifically targeted at small and medium enterprises (SMEs) in India. Similarly, Google India Pvt. Ltd. disclosed plans to launch a new cloud region in Delhi-NCR in 2021, enhancing performance, reducing latency, and improving access to Google Cloud Platform services, including cloud storage, for Indian customers. Furthermore, Amazon Internet Services Private Limited (AISPL) outlined its intention to invest USD 2.8 billion in establishing multiple data centers in Hyderabad, India, as part of AWS’s strategy to expand its cloud infrastructure in response to escalating demand for cloud services.

The India Cloud Storage market is segmented into type, deployment mode, by organization size, end user, region and competitive landscape.

The IT and telecom industries have been significantly impacted by the growing popularity of cloud storage, which has caused a spike in cloud spending. While maintaining unified collaboration and communication with a sizable content delivery network, it has decreased administrative and operational costs for the IT and telecom sectors. Furthermore, cloud storage service providers enable telecom sectors to concentrate on core services rather than server updates and maintenance. Cloud, 5G, AI, and digital transformation will be among the top priorities for the IT and telecommunications industries.

Major players operating in India Cloud Storage market include:

  • Amazon Internet Services Private Limited (AISPL)
  • Microsoft Corporation India Pvt. Ltd.
  • IBM India Private Limited
  • Google India Pvt Ltd
  • Hewlett Packard Enterprise India Pvt Ltd
  • Dropbox Inc.
  • VMware Software India Private Limited
  • Cisco Systems (India) Private Limited
  • Oracle India Private Limited
  • CTRLS Datacenters Ltd

Major companies are developing advanced technologies and launching new solutions to stay competitive in the market. Other competitive strategies include mergers & acquisitions.

The cloud storage market in India is expected to see growth due to increased consolidation through mergers and acquisitions as companies seek to expand their market presence. The government of India has also implemented various initiatives to promote the use of cloud storage, which is expected to drive the market growth in the coming years.

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“The widespread use of connected devices like smartphones and smart speakers is pushing information technology (IT) companies to invest in cloud storage to effectively store the growing amount of data that these devices are producing. Furthermore, the popularity of Over the Top (OTT) content streaming services is rapidly increasing. With an increasing number of customers opting for premium services, OTT service providers are expected to invest in cloud storage to increase the volume of content available on their platforms while lowering operating costs associated with data infrastructure.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Cloud Storage Market By Type (Solution and Service), By Deployment Mode (Private, Public and Hybrid), By Organization Size (Large Enterprises and SMEs), By End User (BFSI, IT & Telecom, Retail, Healthcare, and Others), By Region, Competition Forecast and Opportunities, 2018-2028,” has evaluated the future growth potential of India Cloud Storage 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 India Cloud Storage market.

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India License Management Market Size, Trends Analysis & Opportunity 2029

According to TechSci Research report, India License Management Market – By Region, Competition Forecast & Opportunities, 2029, The India License Management Market is poised to experience robust growth during the forecast period from 2025 to 2029, driven primarily by the increasing adoption of license management solutions across sectors such as banking, financial services, and insurance (BFSI). The rising threat of cyber-attacks across diverse industries has underscored the importance of effective license management in mitigating risks associated with pirated software. The integration of advanced technologies and innovative offerings, coupled with heightened activities in audit and license compliance, has further accelerated the market’s expansion.

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License management software facilitates businesses in effectively managing and documenting their software assets to ensure compliance with end-user license agreements (EULAs). It enables monitoring, tracking, and prevention of unauthorized software usage, thereby safeguarding against legal and financial liabilities. Moreover, license management supports proactive asset management and strategic asset allocation, contributing to long-term wealth preservation and risk reduction through informed investment decisions.

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The demand for license management solutions is driven by the need for a unified platform that optimizes software investments, reduces costs, enhances organization-wide software utilization, and ensures adherence to software developers’ licensing terms. This trend is particularly evident in sectors such as healthcare, government, and BFSI, where efficient management of software licenses is crucial for operational efficiency and regulatory compliance.

Furthermore, the growing emphasis on optimizing software investments and achieving audit-readiness across organizations is expected to bolster the growth of the India License Management Market throughout the region.

India License Management Market is segmented into component, deployment type, application area, end-user, and region. Based on component, the market is bifurcated into software and service. The service market is further segmented into professional services and managed services. Based on deployment type, the market is segmented into clouds and on-premises. Based on application area, the market is categorized into audit services, advisory services, compliance management, license entitlement & optimization, operations & analytics, software inventory management, usage monitoring, and others. Based on end-user, the market is bifurcated into information technology, BFSI, telecom, retail & consumer goods, healthcare, media & entertainment, manufacturing, and others.

Based on deployment mode, cloud-based segment is expected to dominate in the India License Management Market owing to the growing adoption of cloud-based solutions in multiple industries as it offers enterprises the competitive advantages such as remote accessibility, direct IT control, internal data delivery & handling, faster data processing, robust deployment, cost-effectiveness, and efficient resource utilization. Furthermore, the proliferation of Industry 4.0 with the integration of Industrial Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning are playing a significant role, enabling the adoption of cloud-based license management solutions in the Indian market.

Based on end-user type, healthcare is expected to dominate the India License Management Market as the healthcare industry has unique needs when it comes to cloud services, software licensing, and information technology security. Additionally, healthcare sector needs to keep their devices compliant and secure. Software advisory services are offering end-to-end protection of privacy of each patient and secure sensitive data. Moreover, enterprises are offering varied licensing software for advanced machinery used in hospital and real-time interaction for collection and management of medical data. Moreover, healthcare enterprise is adopting license management to ensure the staff credentials as valid or false, thus healthcare segment is increasing the growth of license management in the Indian market.

Key market players in the India License Management Market:

  • IBM-Aspera Technologies
  • Oracle India Corporation
  • Cherwell Software LLC
  • Flexera Software LLC
  • DXC Technology Corporation
  • Quest Software Private Limited
  • Snow Software AB
  • Gemalto Digital Security Private Limited
  • ServiceNow Inc.
  • USU Software AG

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“Ongoing advancements for integration of advance technology with an innovative offering and increased demand for audit-readiness in organizations are boosting the India License Management Market in the forecast years. Additionally, several developments in the license management as per industry standard and need of reducing software piracy is a boosting factor for driving revenue growth of the license management market in India. policies and significant growth potential in cloud-governance and supportive government policies, regulations with growing demand across large enterprises and small & medium enterprises (SME’s) has been positively influencing the market with a continuous urge for launching new service plans in the upcoming years. said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India License Management Market Segmented By Component (Software, Services (Professional Services (Deployment and Integration, Consulting, Support and Maintenance), Managed Services)), By Deployment Type (Cloud and On-Premises), By Application Area (Audit Services, Advisory Services, Compliance Management, License Entitlement & Optimization, Operations & Analytics, Software Inventory Management, Usage Monitoring and Others), By End User (Information Technology, BFSI, Telecom, Retail & Consumer Goods, Healthcare, Media & Entertainment, Manufacturing and Others), By Region, Competition” has evaluated the future growth potential of India License Management 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 India License Management Market.

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India Metaverse Market Size, Growth Insight, Forecast 2028

According to TechSci Research report “India Metaverse Market- By Region, Competition Forecast & Opportunities, 2018-2028,” The India Metaverse Market is poised for growth in the upcoming forecast period, driven by the rapid advancement of digitalization and artificial intelligence capabilities. These factors are facilitating efficient mixed reality developments and substantial investments into physical metaverse spaces. Collaborations such as those between the Indian IT Ministry and Meta aim to bolster the extended reality startup ecosystem within India. Moreover, emerging startups from tier 2 and 3 cities are pivotal in pioneering technologies like Web 3.0, blockchain, AI, and Metaverse.

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Institutions such as Gujarat University Startup and Entrepreneurship Council (GUSEC), Foundation for Innovation and Technology Transfer (FITT), and International Institute of Information Technology are launching XR programs focused on upskilling and enhancing technological capabilities for the metaverse. This initiative is expected to accelerate the growth of data centers across India in the forecast period.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the “India Metaverse Market.”

The surge in smartphone users and a heightened emphasis on integrating digital and physical realms through the internet are key drivers propelling the India Metaverse Market forward. As India continues its rapid digitization, it is well-positioned to emerge as a hub for IT services specializing in cloud computing technologies, artificial intelligence, machine learning, and advanced analytics. Additionally, the increasing adoption of big data solutions, IoT, and cloud-based technologies is forecasted to drive market expansion through 2028.

The India Metaverse Market is segmented based on components (hardware and software), platforms (desktop and mobile), technologies (blockchain, VR & AR, mixed reality), applications (gaming, online shopping, content creation, social media, others), end-users (BFSI, retail, manufacturing, media & entertainment, education, aerospace & defense, others), regions, and competitive landscape.

Gaming is expected to dominate the India metaverse market application segment, fueled by significant contributions from players like Roblox Corporation, Unity Technologies, and Microsoft Corporation. These companies are increasingly relying on VR-based gaming services to engage Generation Z and Generation Alpha users through enhanced social interactions and innovative concepts such as play-to-earn using non-fungible tokens (NFTs).

In the forecast period, the media and entertainment industry is anticipated to maintain its dominant position within the India metaverse market. This sector is rapidly adopting metaverse technologies to integrate realistic visualizations into virtual worlds, particularly through advancements in AR and VR in gaming and social media applications. With the growing adoption of cutting-edge gaming technologies, rising disposable incomes, and evolving consumer entertainment preferences, the media and entertainment industry is poised to redefine entertainment experiences in the metaverse era.

Key market players in the India Metaverse Market include: 

  • Hyperlink InfoSystem
  • Tata Consultancy Services Limited
  • Fingent Global Solutions Pvt. Ltd.
  • Deloitte Touche Tohmatsu India, LLP
  • Tech Mahindra Ltd
  • Travancore Analytics Private Limited
  • Infosys Technologies Private Limited
  • Accenture India Private Limited
  • Capgemini India Private Limited
  • Antier Solutions Pvt. Ltd.

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“South Region holds the largest market share of India Metaverse market. Chennai, being the India’s SaaS capital is working on offering business software’s for enterprises globally. In addition, the introduction of 5G networks and cloud services will strengthen the region’s digital economy and increase demand for high-bandwidth networking infrastructure. For instance, in March 2022, the government of Telangana announced the launch of State’s “SpaceTech Framework” and has hosted the event on PartyNite Metaverse, with a space theme where participants can view policy guidelines and take pictures. In addition, the use of Artificial Intelligence, data analytics and augmented/ virtual reality as part of Web3.0 or Metaverse are enabling corporations like Novac Technology Solutions, Ingage, XR Labs, Skillveri and many more in assisting clients by creating digital twins of products, launching those products in the virtual world to test for flaws, and enabling employees to receive hands-on training in standard operating procedures and vocational skills. Moreover, the rise of startups that are developing innovative solutions for this space, has been a key element in the growth of the India Metaverse market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Metaverse Market By Component (Hardware and Software), By Platform (Desktop and Mobile), By Technology (Blockchain, Virtual Reality (VR) & Augmented Reality (AR) and Mixed Reality (MR)), By Application (Gaming, Online Shopping, Content Creation, Social Media and Others), By End User (BFSI, Retail, Manufacturing, Media & Entertainment, Education, Aerospace & Defense and Others), By Region, Competition Forecast & Opportunities, 2028F,” has evaluated the future growth potential of India Metaverse Market and provides statistics & information on market size, structure, and future market growth. The report’s goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, challenges, and opportunities in the India Metaverse Market.

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India Product Lifecycle Management Market Share, Trends Analysis, Report 2028

According to TechSci Research report, “India Product Lifecycle Management Market – By Region, Competition, Forecast & Opportunities, 2028F”, The India Product Lifecycle Management (PLM) Market is experiencing growth driven by increasing demand for PLM solutions among small and medium-sized enterprises across various industrial sectors, aiming to streamline manufacturing processes and reduce costs. Government initiatives such as “Made in India” and “Atmanirbhar Bharat” are focusing on Industry 4.0 and the industrial internet, fostering substantial investments in technology, innovation, and IT infrastructure.

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Innovative developments like Amazon’s palmprint biometric device for contactless payments and access control, Amazon One, are contributing to the expansion of the India PLM market by enhancing customer convenience and satisfaction, particularly in retail environments like Amazon Go stores.

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on “India Product Lifecycle Management Market“

Additionally, the adoption of Industrial Internet of Things (IIoT) in manufacturing processes is bolstering the demand for PLM software applications. The anticipated surge in IIoT adoption throughout the forecast period underscores its pivotal role in driving PLM market growth. For instance, CISCO projects a significant increase in networked devices in India, from 1.6 billion in 2017 to 2.2 billion by 2022. Core elements of PLM software such as Multi-CAD, Product Data Management (PDM), and Digital Manufacturing are becoming indispensable for planning and design in the product manufacturing industry, outweighing the initial costs and implementation time.

The adoption of PLM software in India also facilitates the integration of digital twin technologies. Digital twins require robust support from networked systems to maximize their impact, leveraging the digital thread capabilities inherent in current PLM software to maintain synchronized data across all users. This ensures that all stakeholders accessing the digital twin have access to real-time updates and can make precise modifications promptly.

Overall, the India Product Lifecycle Management market is poised for growth, driven by technological advancements, increasing industrial automation, and supportive government initiatives aimed at fostering domestic manufacturing capabilities and digital transformation across industries.

Key market players in the India Product Lifecycle Management Market include:

  • Siemens Digital Industries Software India Pvt Ltd
  • Dassault Systemes India Private Limited
  • Autodesk India Limited
  • ANSYS Software Pvt. Ltd.
  • PTC Software (India) Pvt. Ltd.
  • Altair Engineering India Pvt Ltd.
  • MSC Software Corporation India Pvt. Ltd
  • Oracle India Pvt Ltd
  • Capgemini India Private Limited
  • Tata Technologies Ltd.

The India Product lifecycle management market can be segmented based on type of service, component, deployment mode, service type, end user industry, and region. Based on type of service, the market is segmented into CAX, Discrete PLM, and Process PLM. Based on component, the market is segmented into Multi-CAD Solution, Product Data Management, and Digital Manufacturing. Based on Deployment Mode, the market is segmented into On-Premise and Cloud. Based on service type, the market is divided into Maintenance/Support, Implementation, Consulting, and Others. Based on end user industry, the market is segmented into Retail, Aerospace and Defense, Automotive, Electronics, Medical Devices, and Pharmaceutical & Biotech.

In 2022, the cloud segment accounted for the largest revenue share. The cloud has emerged as the most popular method for PLM deployment, and it is anticipated that this trend will continue over the forecast period. Cloud-based product lifecycle management solution helps in removing major deployment, upgrade, and customization difficulties. Scalability, flexibility, security, and data control are just a few of the primary advantages that are anticipated to spur the adoption of product life cycle management software deployed via the cloud. The experts in the technology sector also stress that almost 60% of workloads are carried out by hosted cloud services. Moreover, during the course of the projected period, the on-premises category is anticipated to grow at a sizable CAGR. By integrating cutting-edge technologies like the Internet of Things (IoT) and big data, on-premises solutions assist organisations in gaining a thorough understanding of the trends, challenges, and developments in the market and in applying effective and efficient marketing and manufacturing decisions. Additionally, these solutions enable businesses to lessen their reliance on internet infrastructure and safeguard their data from potential losses and online theft. These advantages are expected to influence businesses, especially big businesses, to choose on-premise deployment.

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“The India Product Lifecycle Management Market is expected to expand during the projected period. In terms of revenue share, the automotive and transportation sector dominated in 2022. The two main trends anticipated to propel the market expansion in the automotive industry are the rising use of digital manufacturing and the rising incorporation of IoT in the creation of smart autos. As an illustration, Siemens PLM software provides a comprehensive set of smart car solutions for all important technological sectors, from chip design to complete vehicle certification. Less product damage, on-time orders, increased productivity, improved alignment with customer expectations, and full regulatory compliance are all benefits of adopting PLM. These elements are projected to encourage the incumbents in the automotive and transportation industries to use product lifecycle management software.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Product Lifecycle Management Market Segmented By Type of Service (CAX, Discrete PLM, Process PLM), By Component (Multi-CAD Solution, Product Data Management, Digital Manufacturing), By Deployment Mode (On-Premise,Cloud), By Service Type (Maintenance/Support, Implementation, Consulting, Others), By End User Industry (Retail, Aerospace and Defense, Automotive, Electronics, Medical Devices, Pharmaceutical & Biotech), By Region, Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of India Product Lifecycle Management Market and provides statistics and information on market structure, size, share, and future growth. The report is intended 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 present in the India Product Lifecycle Management Market.

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India Payment Gateway Market Size, Industry Trends, Growth Report 2028

According to TechSci Research report, India Payment Gateway Market – Industry Size, Share, Trends, Opportunity, Forecast and Opportunities, 2018–2028, the India Payment Gateway market is expected to register a robust growth during the forecast period, 2024-2028. The evolution of consumer payment behavior is profoundly impacting the payment gateway industry. With a rising preference for digital payments, consumers seek fast, convenient, and secure methods for making purchases both online and in-person.

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As digital wallets, mobile payments, and other electronic payment methods gain popularity, payment gateways are adapting to meet these changing consumer expectations. This adaptation has spurred the development of innovative payment technologies like contactless payments, mobile wallets, and biometric authentication, aimed at enhancing convenience, security, and transaction speed. To combat fraud, payment gateways are investing in advanced technologies such as machine learning algorithms for real-time detection and prevention of fraudulent activities.

Browse over 30 market data Figures spread through 70 Pages and an in-depth TOC on “ India Payment Gateway Market.”

Furthermore, collaboration with banks and financial institutions enables payment gateways to offer flexible payment options such as installment plans and buy-now-pay-later schemes. These initiatives cater to consumer preferences by allowing them to manage their finances effectively while enjoying the benefits of digital transactions.

Blockchain technology holds significant potential to revolutionize payment gateways in India. It promises faster transaction processing times, enhanced security, transparency, and reduced transaction costs compared to traditional systems. Cryptocurrencies such as Bitcoin, Ethereum, and Ripple are gaining traction in India, with potential applications in payment gateways to facilitate direct cryptocurrency payments for goods and services.

The India Payment Gateway Market, detailed across 30 market data figures and a comprehensive 70-page TOC, reflects these trends and innovations. Biometric authentication integration is emerging as a key trend shaping the market. Enterprises are segmented into small & medium enterprises (SMEs) and large enterprises, with SMEs expected to grow rapidly. Within various industries such as travel, retail, healthcare, education, government, and utilities, retail leads in adoption, leveraging platforms like PayPal to enhance online transactions.

The dominance of hosted payment gateways, which enable quick installation on websites, is expected to continue till 2026. The retail sector, driven by increasing e-commerce adoption and government initiatives promoting cashless transactions post-demonetization, is set for significant growth in the payment gateway market.

In conclusion, India’s payment gateway market is on a trajectory of substantial growth, driven by technological advancements, changing consumer preferences towards digital payments, and supportive government policies promoting a digital economy.

Key market players in the India Payment Gateway market:

  • PayU
  • Paytm
  • Razorpay Software Private Limited
  • PayPal India Private Limited
  • CCAvenue
  • BillDesk
  • Instamojo Technologies Private Limited
  • One MobiKwik Systems Private Limited
  • IMSL-Fiserv
  • Ingenico

 

Recent Developments:

  • In 2020, Paytm, one of the leading digital payment companies in India, acquired BalanceTech, a payments and financial services platform. The acquisition helped Paytm to expand its offerings and strengthen its position in the payment gateway market.
  • In 2020, Razorpay, a leading payment gateway provider, acquired Thirdwatch, an AI-powered fraud prevention startup. The acquisition helped Razorpay enhance its security features and prevent fraudulent transactions, thereby building trust with customers.

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“One of the key factors driving this growth is the rapid expansion of e-commerce in India. With the increasing availability of smartphones and high-speed internet, more and more consumers are shopping online, which has led to a surge in demand for digital payment options. As a result, payment gateway providers are partnering with e-commerce companies and online marketplaces to offer consumers a variety of payment options, such as credit cards, debit cards, mobile wallets, and UPI, thereby positively driving the Payment Gateway market in the country in the coming years,” said, Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.


“India Payment Gateway Market Segmented by Type (Hosted, Bank Integrated, and Self-hosted), By Enterprise Size (Large Enterprise, and Small & Medium Enterprise (SME)), By Vertical (Retail, Travel & Hospitality, Healthcare, Education, Government, Utilities, and Others), By Region, Competition, Forecast and Opportunities, 2028” has evaluated the future growth potential of India Payment Gateway 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 Payment Gateway market.

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