Tag Archives: Market Research

Smartphones Market– Top Sellers in India and Growing online Shipping of Smartphones

Smartphone turned out to be the most demanded electronic device now days and it turned out that owning smartphone is not just necessary but it becomes a norm.  Change in technology, and rising disposable lead to increase in spending in entertainment and the growth of smartphone segment. The brands from China have 54% share in the smartphone market in India.  The market in India is controlled by two companies, Xiaomi and Samsung controlling around 50% of market share.   In 2018 Xiaomi surpassed Read more [...]

Steel Industry – Analysis of Major Contributors of Manufacturing Output

In the year 2018, the world crude steel production reached 1808 million tons which is 7% more than that in 2017.  The finished steel production accounts for 1712 million tons in 2018 from 1587 million tons in 2017.  Details as given below;   China is the world's largest crude steel producer in 2018, followed by India, Japan, and the US.  The following figure depicts the total market share in Crude and finished steel as per the research report. India is the second-largest steel Read more [...]

Market Overview – Tourism And Hospitality Industry and Forecasted Growth of Industry.

Travel & Tourism to be one of the world’s largest sectors, supporting over 319 million jobs and generating 10.4% of global GDP in 2018, according to data from WNWTO.  The industry generates 122,891,000 jobs directly in 2018 and forecasted to grow by 2.2%.  It generates jobs related to hotels, travel, airlines and other passenger transport services.  As per Business Research the direct contribution of Travel & Tourism to global GDP in 2018 was $2,750.7bn (3.2% of GDP).  The industry Read more [...]

Importance of Chemical Industry in India and its Global Potential

Chemical Industry is a diversified sector, which covers around 80,000 commercial products.  The industry is classified into three segments such as basic chemicals, specialty chemicals, and Agrochemicals.  The chemical industry in India projected to reach $304 billion in 2025.  Total production of chemicals and petrochemicals was at 47,882,000 MT in 2017-18, 2.62% increase over 2016-17.  This industry employs more than 2million people.  The chemical industry in India is the largest consumer of Read more [...]

Growth of Banking Sector India – Contribution of Public Sector and Private Sector Banks in Economy

The Banking Sector in India has undergone a paradigm shift from traditional banking to digital banking over the past decades. In spite of the global economic turn down, the India’s Banks are sufficiently capitalized to resilient the macro-economic risks.  Today there are 19 Public sectors banks are there in India including State Bank of India.  In addition to that there are 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks operating in Read more [...]

What is a Business plan? What are the Types of Business Plans and its Contents?

Business plan is a document that serves as a road map to give direction to any business enterprise.  Generally, it is a formal written document containing business goals, methods to achieve such goals.  It also includes the time frame within which these goals need to be achieved with proper definition of short term and long term goals.  It describes the nature of the business, background information of the organization, financial projections, and the strategies it intends to implement to achieve Read more [...]

Enterprise resource planning (ERP) – Advantages and Disadvantages. How the Cloud based ERPs Change the Market Dynamics Now?

Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business.  Further, it automates many back office functions related to technology, services and human resources. Typical ERP software integrates all facets of operations including product planning, development, manufacturing and sales and marketing in a single database, application and user interface.  Mostly, ERP application needs dedicated Read more [...]

CLOUD COMPUTING AND SOFTWARE-AS-A-SERVICE (SAAS) – IMPORTANCE OF CUSTOMER RETENTION IN SAAS BUSINESS MODEL

Cloud computing is generally defined as delivering on-demand computing services over the internet on basis of a pay-per-plan.  In today’s business environment, cloud computing is used to create new applications, host websites, backups and restore data among others. Cloud computing Services can be categorized into three categories as illustrated below: Software-as-a-Service (SaaS) SaaS uses the web to deliver applications that are managed by a third-party vendor to deliver services Read more [...]

ARTIFICIAL INTELLIGENCE MARKET LANDSCAPE; KEY PLAYERS AND USE CASES AND AI GROWTH

Artificial intelligence is generally defined as a branch of computer science which helps in creation and development of intelligence machines with the ability to work as humans. According to market research reports , the types of Artificial intelligence can be classified as Weak AI, Strong AI, Artificial general intelligence and Super intelligence. FACTORS CONTRIBUTING RECENT DEVELOPMENT AND INCREASING USE OF AI Growth in Data Accumulation: Due to increasing connectivity of large number of Read more [...]

DEMONETIZATION – THE VERDICT AFTER ONE YEAR / DEMONETIZATION AND IMPACT ON INDIAN ECONOMY

Demonetization is defined as seizure of some units of currency or closure of certain legal tender circulating in the economy.  On November 8th last year, the Government of India demonetized INR 1,000 and INR 500 notes – two highest valued currencies.  The primary objectives were to reduce the flow of black money in the economy, and bring all economic transactions into the open system, make India less reliant on cash economy. Economists from left as well as right wings have expressed their Read more [...]