The rapid penetration of smartphones and the internet, as well as supportive government policies have propelled the growth of the market. The second wave of COVID-19 fuelled the adoption of mobile healthcare as a comprehensive strategic plan for disease management. In the wake of the pandemic, it is being used...
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Read MoreMobile applications are different types of software designed to run on smartphones, tablets, and computers. The mobile application market is expanding rapidly, and this trend is expected to accelerate in the future with the introduction of various applications in different segments. In terms of mobile application installations, India has the...
Read MoreCredit card is one of the earliest modes of cashless transaction that allows cardholders to borrow funds to pay for goods and services from merchants that accept card payments. The credit limit is determined based on customers credit score, history, and income. The credit card market is smaller than that...
Read MoreThe wealth management market, an integral part of the financial services sector in India, was valued at INR 113.32 Tn in 2018 and is expected to reach INR 338.67 Tn by 2024, expanding at a compound annual growth rate (CAGR) of ~20.02% during the 2019-2024 period. For the past few...
Read MoreThe Indian has the second-largest road network across the globe, which consists of state highways (1,56,694 km), national highways (1,32,500 km), and other roads (56,08,477 km). The roads and highways sector in India is undergoing development in recent years, owing to the rising public-private partnerships, as well as adequate government...
Read MoreIn terms of assets under management (AUM), the mutual fund industry in India has been experiencing steady growth over the past few years. During the FY 2016-FY 2019 period, the mutual fund industry AUM increased at a rate of ~22.94% and is expected to reach INR ~918.54 Tn by FY...
Read MoreDigitization is changing the way consumers, government and businesses interact with the physical world. The lighting industry is expected to be the next digital disruptor, owing to the increasing adoption of Internet of Things (IoT). Smart lighting is an emerging technology that is replacing conventional lightings like halogens, CFLs, and...
Read MoreAmidst the ongoing economic slowdown across India, the insurance sector is expected to witness an expansion mainly due to the proposed increase in foreign investment limit on insurance intermediaries from 49% to 100%. The non-life insurance market is expected to reach INR 3,662.94 Bn by FY 2024, expanding at a...
Read MoreTelevision Market in India (LED, LCD, HD, UHD) 2019 Television is one of the fastest-growing consumer durable goods in India, this can be witnessed from the fact that the total number of homes in the country grew only by ~4.5% during 2017-2018 period whereas the television market witnessed ~7.5% growth...
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