dicembre 2023 - IMARC Group

Beta Glucan Market Size, Growth, Share, Trends And Forecast 2024-2032

The latest report by IMARC Group, titled “Beta Glucan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global beta-glucan market size reached US$ 513.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 934.0 Million by 2032, exhibiting a growth rate (CAGR) of 6.67% during 2024-2032.

Beta-glucan is a polysaccharide found in the cell walls of certain organisms, primarily fungi, yeast, oats, and barley. It is known for its diverse range of health benefits, making it a subject of interest in various industries, including food, pharmaceuticals, and cosmetics. Beta-glucan is renowned for its immune-modulating properties, as it can stimulate the immune system, potentially aiding in the defense against infections and diseases. Moreover, it has been linked to cholesterol reduction, making it a key component in heart-healthy diets.

Beta Glucan Market Trends and Drivers:

As consumers become more health-conscious, there is a growing demand for natural and functional ingredients. its proven health benefits, including its immune-boosting and cholesterol-lowering properties, align with these wellness trends, driving its adoption in dietary supplements and functional foods. Additionally, the global aging population is seeking ways to maintain and improve their health. The potential of beta glucan to enhance the immune function is particularly appealing to this demographic, fueling demand for products containing this ingredient. Other than this, the food and beverage industry is continuously innovating to meet consumer preferences for healthier options. Beta-glucan’s use as a natural thickener, stabilizer, and source of dietary fiber has gained traction in the industry, contributing to market growth. Besides this, in the cosmetics and skincare sector, beta-glucan is valued for its moisturizing and skin-soothing properties. As consumers prioritize skincare and anti-aging solutions, the demand for products enriched with beta-glucan is on the rise. In line with this, ongoing research into its applications and potential health benefits is expanding its scope. This fuels innovation, leading to the development of new products and formulations, further stimulating market growth.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/beta-glucan-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Soluble
Insoluble

Breakup by Source:

Cereal
Mushroom
Yeasts
Seaweed

Breakup by Industry Vertical:

Animal Feed
Personal Care and Cosmetics
Pharmaceuticals
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

American International Chemical LLC (LeBaronBrown Industries LLC)
Beta Bio Technology Sp Z O O
Ceapro Inc.
Garuda International Inc.
Kemin Industries Inc.
Kerry Group plc
Koninklijke DSM N.V.
Lallemand Inc.
Lantmännen
Super Beta Glucan Inc.
Tate & Lyle plc
Van Wankum Ingredients

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Pet Insurance Market Size, Growth, Share, Trends And Forecast 2023-2028

The latest report by IMARC Group, titled “ Pet Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global pet insurance market trends. The global market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.2 Billion by 2028, exhibiting a growth rate (CAGR) of 12.1% during 2023-2028.

Pet insurance is specifically designed to help pet owners manage the costs of veterinary care for their beloved animals. It provides financial protection by reimbursing some veterinary expenses incurred for medical treatments, surgeries, medications, and sometimes preventive care for pets. It operates similarly to health insurance for humans. Pet owners pay a monthly or annual premium in exchange for coverage that helps offset the costs of veterinary care. It provides financial peace of mind, allowing owners to budget for unexpected veterinary expenses. It can significantly reduce the financial burden associated with necessary treatments in case of accidents, injuries, or illnesses, ensuring that pets receive the care they need without worrying about high costs. It allows owners to decide based on their pet’s health needs rather than financial constraints. It also enables pet owners to pursue comprehensive and timely veterinary care without compromising the quality of treatment or resorting to difficult financial choices. It often includes additional benefits such as coverage for certain preventive care services like vaccinations, wellness exams, and dental cleanings. Some policies may also offer coverage for alternative therapies, hereditary conditions, and behavioral treatments, depending on the specific plan. At present, pet insurance is widely available for various types of pets, including dogs, cats, and sometimes exotic animals across the globe.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/pet-insurance-market/requestsample

Pet Insurance Market Trends and Drivers:

The global pet insurance market is primarily driven by the rising awareness and the importance of pet healthcare among pet owners. Moreover, the escalating demand for financial protection and peace of mind to cover veterinary expenses due to the increasing number of individuals considering their pets as part of their family is positively influencing the market growth. Apart from this, advancements in veterinary medicine and the availability of advanced treatments and procedures have led to higher healthcare costs for pets. In addition, the rising popularity of pet insurance, as it provides a way for owners to manage these expenses and ensure their pets receive the best possible care, is another major growth-inducing factor. Additionally, pet insurance offers coverage for various medical conditions and treatments, making it an attractive option for owners seeking to safeguard their pets’ health. In line with this, the increasing prevalence of chronic diseases and age-related conditions in pets has augmented the demand for pet insurance. Furthermore, the introduction of customizable plans, optional add-ons, and wellness coverage, providing flexibility and tailored options to meet the evolving needs and preferences of pet owners, has accelerated the product adoption rate. Along with this, the rising acceptance and recognition of pet insurance by veterinarians, pet organizations, and industry influencers are contributing to the market growth. Other factors, including the implementation of favorable government initiatives to promote pet insurance among owners, the growing geriatric pet population, and inflating of consumer disposable incomes, are also anticipated to drive the market toward growth in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Policy:

Illnesses and Accidents
Chronic Conditions
Others

Breakup by Animal:

Dog
Cat
Others

Breakup by Provider:

Public
Private

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Agria Pet Insurance Ltd.
Anicom Holdings Inc.
Direct Line Insurance Group plc
dotsure.co.za
Embrace Pet Insurance Agency LLC
Figo Pet Insurance LLC
PTZ Insurance Agency, Ltd.
Healthy Paws Pet Insurance, LLC,
Medibank Private Limited
MetLife Services and Solutions, LLC
Nationwide Mutual Insurance Company
Pethealth Inc.
Petplan (Allianz Insurance plc)
The Oriental Insurance Company Ltd.
Trupanion

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Food Grade Phosphoric Acid Market Size, Industry Trends, Share, Growth and Report 2024-2032

The latest report by IMARC Group, titled “Food Grade Phosphoric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global food grade phosphoric acid market size reached US$ 2.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.37% during 2024-2032.

Food-grade phosphoric acid is a colorless, odorless liquid acid essential in the food industry. It is a food additive recognized as safe by regulatory authorities, including the Food and Drug Administration (FDA), which is typically employed to acidify and adjust the pH levels of numerous food and beverage products. Its neutrality in taste and odor makes it an ideal choice for applications where maintaining the natural flavor of the food is essential. It is an acidulant to provide tartness and control the acidity level, giving these drinks their signature tangy taste. Additionally, it is utilized in various processed foods, such as jams, jellies, and canned goods, to regulate pH and prevent spoilage. Nowadays, food-grade phosphoric acid is gaining immense traction across the globe.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/food-grade-phosphoric-acid-market/requestsample

Food Grade Phosphoric Acid Market Trends and Drivers:

The food-grade phosphoric acid market is primarily driven by technological advancements in food processing and preservation techniques. In addition, manufacturers continually seek ways to improve their products’ quality and safety while meeting regulatory requirements, thus influencing market growth. Along with this, phosphoric acid’s role as an effective acidulant and preservative aligns perfectly with these objectives, allowing food producers to maintain the integrity of their products and meet stringent quality standards, thus augmenting market growth. Moreover, the widespread adoption of food-grade phosphoric acid in processed and convenience food due to growing consumers seeking ready-to-eat (RTE) and easy-to-prepare food options represents another major growth-inducing factor. Besides this, phosphoric acid serves as an essential additive in many of these products, including carbonated beverages, canned and jarred foods, and even baked goods due to its multifunctional properties that can act as a pH regulator, preservative, and acidulant, thus accelerating the product adoption rate.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

Food Grade 75%
Food Grade 80%
Food Grade 85%
Others

Breakup by Application:

Food Preservation
Beverages Production
Metal Treatment
Sugar Refining
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Arkema S.A.
Brenntag SE
Emco Dyestuff Pvt Ltd
Grasim Industries Limited (Aditya Birla Management Corporation Ltd.)
ICL Group Ltd.
Innophos Inc.
Nutrien Ltd.
OCP Group
Spectrum Laboratory Products Inc.
The Mosaic Company
Vinipul Inorganics Private Limited.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

GCC Solar Photovoltaic Market Size, Industry Trends, Share, Growth and Report 2023-2028

The latest report by IMARC Group, titled “GCC Solar Photovoltaic Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The GCC solar photovoltaic market is projected to exhibit a growth rate (CAGR) of 12.50% during 2023-2028.

Factors Affecting the Growth of the GCC Solar Photovoltaic Industry:

Abundant Solar Resource:

The GCC region is characterized by a high solar irradiance level, which means it receives intense and consistent sunlight throughout the year. This exceptional solar potential creates an ideal environment for the efficient generation of solar energy through photovoltaic systems. Countries like Saudi Arabia, the UAE, and Qatar, with their vast deserts and extended daylight hours, have harnessed this natural resource to develop large-scale solar PV projects. The abundant sunlight serves as a foundation for the growth of the solar PV industry, enabling these nations to capitalize on their solar-rich environments to meet growing energy demands and reduce carbon emissions.

Government Commitment and Policies:

GCC governments have exhibited a strong commitment to diversifying their energy mix and reducing their dependence on fossil fuels. This commitment is reflected in comprehensive energy policies and initiatives aimed at promoting renewable energy, particularly solar PV. Governments have also introduced measures such as feed-in tariffs, competitive renewable energy auctions, and supportive regulatory frameworks. These policies create a favorable investment climate and provide clear incentives for businesses and investors to participate in the development of solar PV projects. Such government support has been instrumental in attracting both domestic and international investments, catalyzing the growth of the solar PV industry in the region and contributing to its sustainability goals.

Economic Viability and Cost Reduction:

The declining costs of solar PV technology have been a game-changer for the GCC. Advances in PV technology, coupled with economies of scale and increased competition in the solar market, have led to substantial cost reductions. The decreasing prices of solar panels, inverters, and installation services have made solar energy more economically competitive with conventional fossil fuels. This economic viability has prompted businesses, utilities, and governments to consider solar PV as a practical and sustainable energy source. As the cost of generating solar electricity continues to decrease, the attractiveness of solar PV projects in the GCC rises, further stimulating investment and fostering the industry’s growth. This cost-effectiveness is a key driver of the region’s transition toward a cleaner and more sustainable energy future.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-solar-photovoltaic-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

By Technology:

Monocrystalline Silicon
Multicrystalline Silicon
Thin Film
Others

Based on technology, the market has been divided into monocrystalline silicon, multicrystalline silicon, thin film, and others.

By Grid Type:

On-Grid
Off-Grid

On the basis of the grid type, the market has been bifurcated into on-grid and off-grid.

By Application:

Residential
Non-Residential
Utility

The market has been segmented based on the application into residential, non-residential, and utility.

Breakup by Country:

Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman

Country-wise, the market has been segregated into Saudi Arabia, the UAE, Qatar, Oman, Kuwait, and Bahrain.

GCC Solar Photovoltaic Market Opportunities:

The GCC region benefits from abundant sunlight year-round, positioning it as an ideal destination for solar PV projects. This consistent solar irradiance serves as an asset for harnessing solar energy efficiently. Apart from this, several favorable initiatives by governments of GCC countries such as feed-in tariffs, renewable energy auctions, and regulatory frameworks that attracts significant investments, is propelling market growth. Moreover, the declining costs of solar PV technology that make it increasingly competitive with conventional energy sources represents another major growth-inducing factor. This cost-effectiveness, coupled with the region’s economic stability and growth, attracts both local and international investors looking to capitalize on the growing demand for clean energy solutions.

Additionally, the GCC’s strategic location as a global energy hub offers opportunities for solar PV projects to contribute to regional energy security and sustainability while facilitating exports to neighboring regions, thereby contributing to market growth.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Contact US

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Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

GCC Telecom Network Infrastructure Market Size, Industry Trends, Share, Growth and Report 2023-2028

The latest report by IMARC Group, titled “GCC Telecom Network Infrastructure Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The GCC telecom network infrastructure market to grow at a growth rate (CAGR) of 6% during 2023-2028.

Factors Affecting the Growth of the GCC Telecom Network Infrastructure Industry:

Cybersecurity Concerns:

The GCC region is relying on digital technologies, experiencing a growing focus on cybersecurity within the telecom network infrastructure sector. Telecom network infrastructure is the backbone of digital communication, which is essential in safeguarding against cyber threats. Moreover, several investments in cybersecurity measures are growing to ensure the integrity and confidentiality of data transmitted over these networks, representing another major growth-inducing factor. Advanced encryption technologies, intrusion detection systems, and firewalls are being deployed to create improved defense mechanisms. Additionally, the adoption of security best practices and compliance with international standards are becoming standard procedures for telecom companies.

Emerging Technological Advancements:

The market is driven by several technological advancements, transforming the telecommunications sector. The deployment of fifth-generation (5G) networks, characterized by ultra-fast speeds and low latency, is transforming how data is transmitted and consumed which enhances mobile broadband and opens doors to innovations such as autonomous vehicles and smart cities. Moreover, the expansion of fiber-optic networks is facilitating the transmission of vast amounts of data at lightning speeds. Fiber-optic cables, with their high bandwidth capacity, are the backbone of the digital revolution, supporting applications ranging from high-definition video streaming to cloud computing. Besides this, telecom companies are investing significantly in infrastructure upgrades including the deployment of advanced network solutions, such as software-defined networking (SDN) and network function virtualization (NFV), which offer flexibility, scalability, and cost-efficiency.

Growing Demand for Connectivity:

The growing demand for connectivity, driven by the proliferation of Internet of Things (IoT) applications to connect everyday objects to the Internet, creates an ecosystem where data is constantly generated and shared which requires improved telecom network infrastructure to handle the influx of data from numerous devices. Additionally, the rise of remote working and the digitalization of services are escalating the need for high-speed and reliable connectivity. Moreover, businesses rely on seamless communication and data access, making dependable telecom networks indispensable for productivity.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-telecom-network-infrastructure-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

By Component:

Product
Service

Based on components, the market has been bifurcated into products and services.

By Connectivity Technology:

2G
3G
4G/LTE
5G

On the basis of the process, the market has been classified into 2G, 3G, 4G/LTE, and 5G.

By End User:

Telecom Operators
Enterprises

Based on the application, the market has been divided into telecom operators and enterprises.

Breakup by Country:

Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman

On the basis of countries, the market has been segregated into Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman.

GCC Telecom Network Infrastructure Market Opportunities:

Governments across the GCC countries are actively implementing smart city projects aimed at transforming urban environments into efficient, sustainable, and technologically advanced hubs. These initiatives use enhanced telecom infrastructure as the backbone of their success. Also, smart cities rely on interconnected networks to enhance various aspects of urban life, including transportation, energy management, healthcare, and public services.

Telecom infrastructure enables real-time data collection and analysis, allowing for optimized traffic management, reduced energy consumption, and improved public safety which enhance the quality of life for residents and also attract investment and talent, positioning the GCC as a global leader in smart city innovation. Besides this, governments in the GCC are offering incentives to attract private-sector investments which include tax breaks, regulatory reforms, and partnerships between public and private entities.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Address: 134 N 4th St. Brooklyn, NY 11249, USA

GCC Water and Waste Water Treatment Chemicals Market Report 2023, Industry Trends, Growth, Size and Forecast Till 2028

The latest report by IMARC Group, titled “GCC Water and Waste Water Treatment Chemicals Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the GCC water and waste water treatment chemicals market Size. The market is projected to exhibit a growth rate (CAGR) of 18.20% during 2023-2028.

Factors Affecting the Growth of the GCC Water and Waste Water Treatment Chemicals Industry:

Rapid Urbanization and Industrialization:

One of the primary drivers of the GCC (Gulf Cooperation Council) water and wastewater treatment chemicals market is the rapid urbanization and industrialization occurring in the region. The GCC countries, including Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman, have witnessed significant economic growth and development over the past few decades. This growth has led to a surge in urban population and industrial activities, which, in turn, has increased the demand for clean and treated water. Urbanization has resulted in the expansion of cities, the construction of residential and commercial complexes, and the establishment of industrial zones. With the growing population and urban infrastructure, there is a greater need for water supply and wastewater treatment facilities.

Increasing Awareness About Water Scarcity:

Water scarcity is a pressing concern in the GCC region due to its arid climate and limited freshwater resources. The GCC countries rely heavily on desalination plants to meet their freshwater needs. However, the production of freshwater through desalination is energy-intensive and expensive. As a result, there is a growing awareness about the importance of efficient water management and conservation. Governments and authorities in the GCC region have initiated water conservation programs and regulations to address this issue. This includes the implementation of water reuse and recycling systems, which require advanced water treatment chemicals to ensure the treated water meets quality standards.

Stringent Environmental Regulations:

The GCC countries have recognized the importance of protecting their natural ecosystems and have implemented strict regulations governing the discharge of wastewater into the environment. To comply with these regulations, industries are required to treat their wastewater effectively before releasing it into rivers, seas, or underground reservoirs. Failure to meet these standards can result in heavy fines and legal consequences. Therefore, industries in the GCC region are compelled to invest in advanced water treatment chemicals and technologies to ensure they meet the required environmental standards.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-water-waste-water-treatment-chemicals-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

By Product Type:

Coagulants and Flocculants
Biocides
Corrosion and Scale Inhibitor
Defoamer
PH Adjuster
Others

On the basis of the product type, the market has been divided into coagulants and flocculants, biocides, corrosion and scale inhibitor, deformer, pH adjuster, and others.

By Application:

Cooling Water
Boiler Water
Membrane Water
Municipal
Others

Based on the application, the market has been segregated into cooling water, boiler water, membrane water, municipal, and others.

By End User:

Oil and Gas
Power
Mining
Pulp and Paper
Chemical and Fertilizer
Pharmaceutical
Municipal
Textile
Food and Beverages
Others

On the basis of the end user, the market has been classified into oil and gas, power, mining, pulp and paper, chemical and fertilizer, pharmaceutical, municipal, textile, food and beverages, and others.

Breakup by Country:

Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman

Region-wise, the market has been categorized into Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman.

GCC Water and Waste Water Treatment Chemicals Market Opportunities:

The GCC region has been actively diversifying its economies by promoting industrial development. The establishment of manufacturing plants, petrochemical facilities, and various industries has resulted in increased wastewater generation. These industries require advanced water treatment chemicals to meet environmental regulations and discharge treated water safely. This industrial expansion offers a significant market for treatment chemical suppliers. Additionally, ongoing advancements in water treatment technologies and chemicals are opening doors to improved efficiency and effectiveness in treating water and wastewater. Innovations, such as smart water treatment systems, eco-friendly chemicals, and automation, are gaining traction in the GCC region. Companies that invest in research and development to provide cutting-edge solutions can capitalize on these opportunities.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

India Artificial Intelligence Market Report 2023, Industry Trends, Growth, Size and Forecast Till 2028

The latest report by IMARC Group, titled “ India Artificial Intelligence Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The India artificial intelligence market size reached US$ 680.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,935.5 Million by 2028, exhibiting a growth rate (CAGR) of 33.28% during 2023-2028.

Artificial intelligence (AI) is a technological solution that mimics human intelligence through machine processes. It relies on machine learning (ML), natural language processing (NLP), speech recognition, context-aware computing, and machine vision for problem-solving, language understanding, and perception. It supports data ingestion, eliminates dull and monotonous tasks, helps predict natural disasters, and imitates human cognition, facial recognition, and chatbots. At present, it finds extensive applications in different industry verticals, such as robotics, transportation, healthcare, marketing, business, gaming, banking, and agriculture, across India.

India Artificial Intelligence Market Trends and Drivers:

Significant growth in information technology (IT) and the widespread adoption of cloud-based services for data analysis represent one of the key factors positively influencing the market in India. In line with this, rapid urbanization and the growing automation in various industries, such as agriculture, security, transportation and logistics, and marketing, are bolstering the growth of the market. Additionally, AI assists in analyzing clinical notes and providing deeper insights into patient treatments and needs in the healthcare sector. Moreover, the increasing adoption of AI-powered machines in the agriculture sector for monitoring soil and crop health, providing fertilizer recommendations, and keeping track of weather conditions is strengthening the market growth in India. Apart from this, the flourishing media and entertainment industry and the growing usage of AI for delivering personalized content and enhancing customer experience are stimulating the growth of the market in the country.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/india-artificial-intelligence-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Narrow/Weak Artificial Intelligence
General/Strong Artificial Intelligence

Breakup by Offering:

Hardware
Software
Services

Breakup by Technology:

Machine Learning
Natural Language Processing
Context-Aware Computing
Computer Vision
Others

Breakup by System:

Intelligence Systems
Decision Support Processing
Hybrid Systems
Fuzzy Systems

Breakup by End-Use Industry:

Healthcare
Manufacturing
Automotive
Agriculture
Retail
Security
Human Resources
Marketing
Financial Services
Transportation and Logistics
Others

Breakup by Region:

North India
West and Central India
South India
East India

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

GCC Digital Payment Market Size, Growth, Trends, Share, Demand and Forecast 2023-2028

The latest report by IMARC Group, titled “GCC Digital Payment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The GCC digital payment market is expected to exhibit a growth rate (CAGR) of 13% during 2023-2028.

Factors Affecting the Growth of the GCC Digital Payment Industry:

Emerging Technological Advancements:

The GCC region is experiencing a transformation in the technological sector, particularly in recent years. Increased smartphone penetration and improved internet connectivity are shaping the digital payment market. In addition, the widespread availability of high-speed internet, along with 4G and 5G networks, has enabled seamless digital transactions which made digital payments accessible to a broader population and enhanced the user experience. Mobile apps, designed for various digital payment methods are becoming user-friendly, offering convenience and efficiency. Besides this, the integration of biometric authentication methods, such as fingerprint recognition and facial recognition, is improving security measures, and instilling trust among users.

Changing Consumer Behavior:

In the GCC region, consumer behavior is undergoing a significant transformation due to the growing preference for convenience and security. Digital payment methods are emerging as the quintessential solution, offering a seamless and secure way to manage financial transactions. For instance, mobile banking apps, have revolutionized how consumers manage their finances, allowing users to check account balances, make payments, and transfer funds at the touch of a button which aligns perfectly with the fast-paced lifestyles of individuals in the GCC. Moreover, the rise of contactless payments led to the adoption of digital payment methods. Also, with just a tap or wave of their cards or smartphones, consumers can complete transactions swiftly and hygienically which is gained popularity during the COVID-19 pandemic.

Significant Expansion in the E-commerce Industry:

The GCC region has witnessing remarkable growth in e-commerce activities in recent years, which is escalating the demand for digital payment solutions. Additionally, the shift in shopping behavior of consumers embracing online shopping, and the preference for online payments when making purchases is influencing the market growth. Besides this, e-commerce offers several products and services, allowing consumers to access items not easily available in traditional brick-and-mortar stores. Along with this, the convenience of browsing, selecting, and paying for items from the comfort of one’s home or mobile device is highly appealing, thus propelling the market growth.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-digital-payment-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

By Component:

Solutions
- Application Program Interface
- Payment Gateway
- Payment Processing
- Payment Security and Fraud Management
- Transaction Risk Management
- Others
Services
- Professional Services
- Managed Services

Based on the component, the market has been divided into solutions (application program gateway, payment processing, payment security and fraud management, transaction risk management, and others), and services (professional services, managed services).

By Payment Mode:

Bank Cards
Digital Currencies
Digital Wallets
Net Banking
Others

On the basis of the payment mode, the market has been classified into bank cards, digital currencies, digital wallets, net banking, and others.

By Deployment Mode:

Cloud-based
On-premises

Based on the deployment mode, the market has been bifurcated into cloud-based and on-premises.

By End Use:

BFSI
Healthcare
IT and Telecom
Media and Entertainment
Retail and E-commerce
Transportation
Others

On the basis of end use, the market has been divided into BFSI, healthcare, IT and telecom, media and entertainment, retail and e-commerce, transportation, and others.

Breakup by Country:

Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman

On the basis of countries, the market has been segregated into Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman.

GCC Digital Payment Market Opportunities:

GCC governments are promoting digitalization and cashless transactions as part of their broader economic diversification and modernization agendas which include various aspects, including the development of digital wallets and government-backed payment systems. Also, the creation of secure and interoperable digital payment platforms simplified transactions and ensured a consistent and reliable payment experience for users across the region. Moreover, the integration of government services with digital payment methods has further incentivized their adoption.

Furthermore, governments have introduced regulations and frameworks to enhance the security and transparency of digital payments which are essential to build trust among users and businesses, reinforcing the GCC’s reputation as a safe and efficient digital payment environment.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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GCC Foreign Exchange Market Size, Growth, Trends, Share, Demand and Forecast 2024-2032

The latest report by IMARC Group, titled “GCC Foreign Exchange Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The GCC foreign exchange market size is projected to exhibit a growth rate (CAGR) of 8.4% during 2024-2032.

Factors Affecting the Growth of the GCC Foreign Exchange Industry:

Dependency on Oil Exports:

The GCC countries, including Saudi Arabia, the UAE, Qatar, Oman, Bahrain, and Kuwait, are major oil-producing nations. Oil exports constitute a significant portion of their GDP and government revenue. Consequently, the prices of oil and the demand for oil in global markets have a profound impact on the foreign exchange market in the GCC. Oil exports generate substantial revenue for GCC governments. These revenues are crucial for funding public infrastructure, services, and various government initiatives. The level of government spending and fiscal policies are often linked to oil prices.

Economic Diversification:

Many GCC countries have recognized the need to diversify their economies away from a heavy reliance on oil exports. They are actively seeking to develop non-oil sectors such as tourism, technology, finance, and manufacturing. These diversification efforts aim to reduce the vulnerability of their economies to oil price fluctuations. To attract foreign investment in these non-oil sectors, GCC governments have implemented various policies and initiatives. These include offering incentives, simplifying business regulations, and improving the overall investment climate, which is propelling the market.

Government Initiatives:

By establishing free zones, GCC governments create environments conducive to foreign investment. Businesses are drawn to these zones due to the favorable conditions, such as reduced bureaucracy, simplified import/export procedures, and tax benefits. Moreover, offering tax incentives makes GCC countries more competitive in the global market. Lower tax liabilities increase the profitability of businesses, making it attractive for both local and foreign investors to operate within the region. Consequently, initiatives like free zones and tax incentives provide transparency and regulatory stability. When investors have a clear understanding of the rules and benefits offered, they are more likely to commit capital to the region.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-foreign-exchange-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

By Counterparty:

Reporting Dealers
Other Financial Institutions
Non-financial Customers

Based on the counterparty, the market is divided into reporting dealers, other financial institutions, and non-financial customers.

By Type:

Currency Swap
Outright Forward and FX Swaps
FX Options

Based on the type, the market has been classified into currency swap, outright forward and FX swaps, and FX options.

Breakup by Country:

Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman

On the basis of the country, the market is divided into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain.

GCC Foreign Exchange Market Opportunities:

The growing interest in Forex trading presents opportunities for financial institutions to offer currency trading services to retail and institutional clients in the GCC. Besides, by developing and offering Islamic-compliant Forex products, players are fulfilling the demand from investors seeking Shariah-compliant investment opportunities. These products adhere to Islamic principles of finance, such as avoiding interest-based transactions (Riba).

Moreover, Fintech companies in the GCC are leveraging technology to provide innovative Forex trading platforms and solutions. User-friendly mobile apps, AI-powered trading tools, and blockchain-based settlement systems are attracting tech-savvy traders.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

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IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

GCC Halal Tourism Market Size, Growth, Trends, Share, Demand and Forecast 2023-2028

The latest report by IMARC Group, titled “GCC Halal Tourism Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The GCC halal tourism market is projected to exhibit a growth rate (CAGR) of 6.20% during 2023-2028.

Factors Affecting the Growth of the GCC Halal Tourism Industry:

Cultural and Religious Significance:

GCC countries, including Saudi Arabia, the United Arab Emirates, and Qatar, are significant centers of Islamic culture and heritage. The region holds great importance for Muslims worldwide due to its historical connections to Islam, with cities like Mecca and Medina being holy pilgrimage sites. This cultural and religious significance plays a pivotal role in attracting halal tourists. Muslim travelers seek destinations that align with their faith and values. The GCC offers a unique opportunity for them to experience Islamic culture and history firsthand. The presence of iconic landmarks, such as the Grand Mosque in Mecca and the Prophet’s Mosque in Medina, makes the region a magnet for pilgrims and religious tourists. Beyond the religious aspect, GCC countries have invested in preserving and showcasing their cultural heritage, including traditional architecture, museums, and cultural festivals. This combination of religious and cultural attractions creates a powerful draw for halal tourists.

Economic Growth and Diversification:

The GCC region has witnessed remarkable economic growth and diversification in recent years. Revenue from oil and gas resources has been strategically invested in developing other sectors, including tourism. This economic diversification has led to improved infrastructure, including world-class airports, hotels, and entertainment facilities. The growing affluence of the middle class in GCC countries has also contributed to the rise in halal tourism. As the local population becomes more financially stable, they are increasingly inclined to explore their own region. This, in turn, attracts international halal tourists who want to experience the luxurious offerings and vibrant lifestyle of the GCC.

Strategic Marketing and Promotion:

GCC countries are investing heavily in marketing to promote themselves as halal-friendly tourist destinations. Their tourism boards and agencies have launched extensive campaigns targeting Muslim-majority countries and communities worldwide. These campaigns highlight the religious and cultural attractions of the region, as well as its commitment to providing halal services. Additionally, collaborations with international travel agencies and tour operators have expanded the reach of GCC halal tourism. These partnerships ensure that potential visitors are well-informed about the offerings and facilities available in the region. Social media and digital marketing have also played a crucial role in reaching out to a global audience of halal travelers, allowing them to explore and plan their trips easily.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-halal-tourism-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

By Tour Type:

Domestic Tourism
International Tourism

On the basis of the tour type, the market has been segmented into domestic tourism and international tourism.

By Tourist Type:

Independent
Tour Group
Package Traveler

Based on the tourist type, the market has been divided into independent, tour group, and package traveler.

By Purpose:

Leisure
Business
Ramadan
Others

On the basis of the purpose, the market has been segregated into leisure, business, Ramadan, and others.

By Budget:

Low
Standard
Luxury

Based on the budget, the market has been categorized into low, standard, and luxury.

Breakup by Country:

Saudi Arabia
UAE
Qatar
Bahrain
Kuwait
Oman

Region-wise, the market has been divided into Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman.

GCC Halal Tourism Market Opportunities:

GCC countries have recognized the potential of halal tourism and diversified their tourism offerings to cater to the specific needs and desires of Muslim travelers. This includes the development of halal-certified accommodations, restaurants, and entertainment options. The region has also invested in creating a range of cultural and religious attractions, from historic sites to modern landmarks, which appeal to both pilgrims and tourists. This diversification enhances the overall appeal of the GCC as a halal-friendly destination. Additionally, the GCC countries have been proactive in forming partnerships with international travel agencies, tour operators, and airlines. Collaborations with global brands and platforms help promote the region as a premier halal tourism destination. These partnerships also facilitate the creation of attractive travel packages and promotions that entice Muslim travelers.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA