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	<title>India &#8211; CRI Report</title>
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	<title>India &#8211; CRI Report</title>
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		<title>Private Hospital Sector in India 2021</title>
		<link>https://www.cri-report.com/private-hospital-sector-in-india-2021/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 16 Dec 2021 02:24:24 +0000</pubDate>
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					<description><![CDATA[<p>The private hospital sector was valued at INR 9,995.06 Bn in FY 2021. It is expected to reach INR 25,429.49 Bn by FY 2027, expanding at a compound annual growth rate (CAGR) of ~20.53% during the FY 2021 ─ FY 2027 period</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/private-hospital-sector-in-india-2021/">Private Hospital Sector in India 2021</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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										<content:encoded><![CDATA[<h3>Private Hospital Sector in India</h3>
<p><b>Market insights:</b><br />
Hospitals are the major stakeholders in India’s <a href="https://www.cri-report.com/healthcare-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1943" title="Healthcare Market in India 2021" target="_blank" rel="noopener">healthcare</a> ecosystem. About 70% of the rural population and 80% of the urban residents rely on private hospitals. High disposable income, rise in population, and changes in disease profiles are driving the expansion of the market. Furthermore, the Ayushman Bharat initiative has strengthened the <a href="https://www.cri-report.com/healthcare-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1943" title="Healthcare Market in India 2021" target="_blank" rel="noopener">healthcare</a> system, from primary to tertiary care.</p>
<p>The <a href="https://www.cri-report.com/private-hospital-sector-in-india-2020/" data-internallinksmanager029f6b8e52c="481" title="Private Hospital Sector in India 2020" target="_blank" rel="noopener">private hospital</a> sector was valued at INR 9,995.06 Bn in FY 2021. It is expected to reach INR 25,429.49 Bn by FY 2027, expanding at a compound annual growth rate (CAGR) of ~20.53% during the FY 2021 ─ FY 2027 period</p>
<p><b>Segment insights:</b><br />
It has three segments – self-pay, government payer, and corporate insurer. Initially at the beginning of 2020, the self-pay segment dominated the market, followed by government payer. However, owing to the expansion of <a href="https://www.cri-report.com/malaysia-insurance-industry-research-report/" data-internallinksmanager029f6b8e52c="2009" title="Malaysia Insurance Industry Research Report 2023-2032" target="_blank" rel="noopener">insurance</a> coverage by both government and corporate insurers, the corporate insurer segment is anticipated to experience noticeable growth.</p>
<p>Increase in purchasing power, growing demand for quality <a href="https://www.cri-report.com/healthcare-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1943" title="Healthcare Market in India 2021" target="_blank" rel="noopener">healthcare</a>, technological advancements, and development of <a href="https://www.cri-report.com/private-hospital-sector-in-india-2020/" data-internallinksmanager029f6b8e52c="481" title="Private Hospital Sector in India 2020" target="_blank" rel="noopener">private hospital</a> networks have fueled the growth of corporate medical <a href="https://www.cri-report.com/malaysia-insurance-industry-research-report/" data-internallinksmanager029f6b8e52c="2009" title="Malaysia Insurance Industry Research Report 2023-2032" target="_blank" rel="noopener">insurance</a>. It ensures patients’ entitlement to acci<a href="https://www.cri-report.com/global-dental-industry-market-research-report-forecast-till-2027/" data-internallinksmanager029f6b8e52c="586" title="Global Dental industry  Market Research Report—Forecast till 2027" target="_blank" rel="noopener">dental</a> hospitalization, COVID-19 <a href="https://www.cri-report.com/malaysia-insurance-industry-research-report/" data-internallinksmanager029f6b8e52c="2009" title="Malaysia Insurance Industry Research Report 2023-2032" target="_blank" rel="noopener">insurance</a>, daily hospital benefits, critical illness cover, and maternity coverage.</p>
<p><b>Impact of COVID-19:</b><br />
The second wave of COVID-19 affected the <a href="https://www.cri-report.com/private-hospital-sector-in-india-2020/" data-internallinksmanager029f6b8e52c="481" title="Private Hospital Sector in India 2020" target="_blank" rel="noopener">private hospital</a> sector because patient footfall, both, domestic and international, declined. High infection rates and lockdowns compelled hospitals to pause non-emergency, and outdoor patient department (OPD) and indoor patient department (IPD) services. Medical tourism also declined due to travel restrictions.</p>
<p>Despite the initial dip in footfall, signs of recovery in patients and relaxed lockdown norms by the end of July 2021 marked an increase in hospital occupancy rate. Although the initial setback caused a nationwide crisis in India’s primary <a href="https://www.cri-report.com/healthcare-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1943" title="Healthcare Market in India 2021" target="_blank" rel="noopener">healthcare</a>, key changes in the sector such as flexibility in operations, improved <a href="https://www.cri-report.com/the-global-business-health-insurance-market-forecast-to-2019-2030/" data-internallinksmanager029f6b8e52c="1303" title="Global Business Health Insurance Market Outlook 2030: Industry Insights &amp; Opportunity Evaluation, 2019-2030" target="_blank" rel="noopener">health insurance</a>, and cost-effective medical tourism will strengthen the private hospital sector.</p>
<p>&nbsp;</p>
<p>Related reports:</p>
<p><a href="https://www.cri-report.com/hospital-outsourcing-market-segmented-by-service-healthcare-it-clinical-services-business-services-transportation-services-others-by-type-public-private-and-region-global-analysi"><strong>Hospital Outsourcing market : Global Analysis of Market Size, Share &amp; Trends for 2019 &#8211; 2020 and Forecasts to 2030</strong></a></p>
<p><a href="https://www.cri-report.com/remote-patient-monitoring-rpm-market-by-type-heart-monitors-breath-monitors-hematology-monitors-multi-parameter-monitors-and-other-by-application-cancer-treatment-cardiovascular-diseases"><strong>Remote Patient Monitoring (RPM) Market: By Type (Heart Monitors, Breath Monitors, Hematology Monitors, Multi-parameter Monitors, and Other); By Application (Cancer Treatment, Cardiovascular Diseases, Diabetes Treatment, Sleep Disorder, Weight Management and Fitness Monitoring and Other); By End User (Home Care Settings, Hospital/Clinics and Other); and Region- Global Analysis by Market Size, Share &amp; Trends for 2014- 2020 and Forecasts to 2030</strong></a></p>
<p><strong><a href="https://www.cri-report.com/global-personal-mobility-device-market-by-product-type-wheelchair-walking-aids-scooters-and-others-by-application-power-and-manual-by-end-users-homecare-setting-hospitals-clinics-and-other">Global Personal mobility device market By Product Type (Wheelchair, Walking Aids, Scooters and Others); By Application (Power and Manual); By End Users (Homecare Setting, Hospitals &amp; Clinics and Others); and Region- Analysis of Market Size, Share &amp; Trends for 2019- 2020 and Forecasts to 2030</a></strong></p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/private-hospital-sector-in-india-2021/">Private Hospital Sector in India 2021</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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		<title>Medical Technology Market in India 2021</title>
		<link>https://www.cri-report.com/indian-medical-technology-market-2021/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 16 Dec 2021 02:24:19 +0000</pubDate>
				<guid isPermaLink="false">https://www.cri-report.com/medical-technology-market-in-india-2021-2/</guid>

					<description><![CDATA[<p>The medical technology market is estimated to reach INR 2,177.91 Bn by 2026, expanding at a compound annual growth rate (CAGR) of ~23.87% during the 2021 – 2026 period.</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/indian-medical-technology-market-2021/">Medical Technology Market in India 2021</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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										<content:encoded><![CDATA[<h3>Indian Medical Technology Market</h3>
<p><a href="" data-internallinksmanager029f6b8e52c="612" title="Medical Technology Market in India 2021" target="_blank" rel="noopener">Medical technology</a> involves the application of science to develop cure-based solutions. The <a href="" data-internallinksmanager029f6b8e52c="612" title="Medical Technology Market in India 2021" target="_blank" rel="noopener">medical technology</a> market comprises players supplying health devices and instruments, diagnostic equipment and reagents, bionics, implants, disposables, and consumables to the <a href="https://www.cri-report.com/healthcare-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1943" title="Healthcare Market in India 2021" target="_blank" rel="noopener">healthcare</a> providers.</p>
<p>India is a profitable destination to major global players, owing to increase in income levels, private sector participation in <a href="https://www.cri-report.com/healthcare-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1943" title="Healthcare Market in India 2021" target="_blank" rel="noopener">healthcare</a>, an aging population, and growth of medical tourism. It is at a nascent stage and fragmented, mostly depending on imports, with limited capabilities for indigenous manufacturing.</p>
<p>The rapidly evolving technology landscape, conducive financial mechanism, and governmental thrust through the Make in India initiatives are projected to expedite the business in the coming years. It is estimated to reach INR 2,177.91 Bn by 2026, expanding at a compound annual growth rate (CAGR) of ~23.87% during the 2021 – 2026 period.</p>
<p>Major players in the market include <a href="https://www.linkedin.com/redir/redirect?url=http%3A%2F%2Fwww%2Eoptoindia%2Ecom&amp;urlhash=Vp4z&amp;trk=about_website" target="_blank" rel="noopener">Opto Circuits Limited</a>, Philips India Limited, Siemens Limited, TTK <a href="https://www.cri-report.com/healthcare-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1943" title="Healthcare Market in India 2021" target="_blank" rel="noopener">Healthcare</a> Limited, and Appasamy Associates.</p>
<p><b>Impact of COVID-19</b><br />
In the wake of the pandemic, the market witnessed a supply-demand gap. While the demand for personal protective equipment rose steeply, the supply side was massively constrained due to lockdown measures, undertaken in 2020. The revenue fell sharply in the first quarter of FY 2021 on account of reduced sales volume of non-COVID-19 items.</p>
<p>Firms adopted various strategies to boost production capacities, collect payment from creditors, and address the changes in demand to maintain business.</p>
<p><b>Market segment insights</b><br />
The market is segmented into instruments and appliances, diagnostic imaging, consumables and implants, and patient aids and other technologies. Instruments and appliances segment dominated the market in 2020, accounting for 33.72% of the total revenue in 2020. It is estimated that patient aids and other technologies will be the fastest-growing segment during the forecast period.</p>
<p><b>Key growth drivers </b><br />
• An increase in the demand for new medical applications has led to the growth of the <a href="" data-internallinksmanager029f6b8e52c="612" title="Medical Technology Market in India 2021" target="_blank" rel="noopener">medical technology</a> market. For instance, improved surgical techniques and new implant materials for joint replacement (e.g., hybrid replacement method used in hip replacement surgery) are driving the growth of the orthopaedic segment<br />
• In India, non-communicable diseases (NCDs) are a major health problem. For instance, cancer, obesity, and diabetes are on the rise because of sedentary lifestyle and high stress levels. By 2025, NCDs would account for 75% of the disease burden. The significant increase in non-communicable diseases is driving demand for medical technology market.</p>
<p><strong>Key deterrents to the growth of the market</strong><br />
Shortage of <a href="https://www.cri-report.com/healthcare-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1943" title="Healthcare Market in India 2021" target="_blank" rel="noopener">healthcare</a> professionals and poor infrastructure are the major constraints. According to the World Bank, as of 2021, India has only 0.66 physicians per 1,000 patients. India’s bed density stands at 1.1 per 1,000 people, considerably lower than the World Health Organization (WHO) standards of 3.5 beds per 1,000 person.</p>
<p>&nbsp;</p>
<p><strong>Related reports: <a href="https://www.cri-report.com/medical-technology-market-in-india-2021">Medical Technology Market in India 2021</a></strong></p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/indian-medical-technology-market-2021/">Medical Technology Market in India 2021</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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		<title>Electric Bikes Market in India 2021</title>
		<link>https://www.cri-report.com/electric-bikes-market-in-india-2021/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 16 Dec 2021 02:24:13 +0000</pubDate>
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					<description><![CDATA[<p>In FY 2020, the electric bikes market in India was valued at INR 72.34 Mn. It is expected to expand at a compound annual growth rate (CAGR) of ~11.16% during the 2021 – 2027 period, to reach INR 143.34 Mn by 2027.</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/electric-bikes-market-in-india-2021/">Electric Bikes Market in India 2021</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h3>Electric Bikes Market in India</h3>
<p>India is at the initial stages of making the transition to <a href="https://www.cri-report.com/solar-panel-market-for-electric-vehicles-and-chargers-a-global-and-regional-analysis-focus-on-charger-levels-level-1-level-2-and-level-3-vehicle-types-two-and-three-wheeler-vehicles-passenge/" data-internallinksmanager029f6b8e52c="924" title="Solar Panel Market for Electric Vehicles and Chargers - A Global and Regional Analysis: Focus on Charger Levels (Level 1, Level 2, and Level 3), Vehicle Types (Two and Three-Wheeler Vehicles, Passenger Vehicles, and Commercial Vehicles), Material Type (Monocrystalline, Poly-crystalline, and Others) and Region - Analysis and Forecast, 2020-2030" rel="nofollow noopener" target="_blank">electric vehicles</a>. Concerns regarding pollution and other environmental issues, along with lower operating costs of <a href="https://www.cri-report.com/solar-panel-market-for-electric-vehicles-and-chargers-a-global-and-regional-analysis-focus-on-charger-levels-level-1-level-2-and-level-3-vehicle-types-two-and-three-wheeler-vehicles-passenge/" data-internallinksmanager029f6b8e52c="924" title="Solar Panel Market for Electric Vehicles and Chargers - A Global and Regional Analysis: Focus on Charger Levels (Level 1, Level 2, and Level 3), Vehicle Types (Two and Three-Wheeler Vehicles, Passenger Vehicles, and Commercial Vehicles), Material Type (Monocrystalline, Poly-crystalline, and Others) and Region - Analysis and Forecast, 2020-2030" rel="nofollow noopener" target="_blank">electric vehicles</a> in comparison to fuel-drive ones will result in the increased adoption of electric bikes, in turn boosting market growth.</p>
<p>With the government encouraging the adoption of electrified vehicles, the electric bikes market in India is expected to grow in the coming years. The cost of running electric bikes is about INR 10 for 70 km, whereas the same distance using conventional variants cost a minimum of INR 102.</p>
<p>In FY 2020, the electric bikes market in India was valued at INR 72.34 Mn. It is expected to expand at a compound annual growth rate (CAGR) of ~11.16% during the 2021 – 2027 period, to reach INR 143.34 Mn by 2027.</p>
<p><b>Government initiatives:</b><br />
In February 2018, the Indian government’s policy think tank, <a href="https://www.niti.gov.in/" target="_blank" rel="noopener">Niti Aayog</a>, proposed and mandated the electrification of all two-wheelers with a displacement capacity of below 150cc, by March 2025. With this regulation, the two-wheeler industry will experience a rapid transition toward electric mobility.</p>
<p>Further, the government brought great changes in the Department of Heavy Industry in association with the Society of Indian <a href="https://www.cri-report.com/automobile-industry-in-southeast-asia-2022-2031/" data-internallinksmanager029f6b8e52c="2006" title="Research Report on Automobile Industry in Southeast Asia, 2022-2031" target="_blank" rel="noopener">Automobile</a> Manufacturers schemes of &#8216;FAME&#8217; and &#8216;FAME II&#8217;. Other government initiatives which will promote the adoption of electric bikes include the National Electric Mobility Mission Plan 2020 (N<a href="https://www.cri-report.com/japan-enterprise-metadata-management-market/" data-internallinksmanager029f6b8e52c="22" title="Japan Enterprise Metadata Management (EMM) Market Outlook 2030: Industry Insights &amp; Opportunity Evaluation, 2019-2030" target="_blank" rel="noopener">EMM</a>P 2020), the Atmanirbhar Bharat Abhiyan, and the Make in India campaign.</p>
<p><b>COVID-19 impact analysis:</b><br />
The nationwide lockdown in the wake of the pandemic will have a long-term positive impact on the electric bikes market in India. The demand for electric bikes increased amid the pandemic because people were apprehensive about traveling using public transport. The growing demand for electric bikes has also been supported by the government’s electrification policy.</p>
<p>Moreover, people have started to realize that vehicles with combustion engines cause 60% more pollution than the electrified variants. After the lockdown was lifted, the adoption of electric bikes as a personal mode of transport surged. This growth is likely to continue in the long run as well.</p>
<p>Related reports:</p>
<p><a href="https://www.cri-report.com/electric-bikes-market-in-india-2020">Electric Bikes Market in India 2020</a></p>
<p><a href="https://www.cri-report.com/e-bike-market-global-analysis-by-market-size-share-trends-for-2020-2021-and-forecasts-to-2031">E-Bike Market : Global Analysis by Market size, share &amp; trends for 2020-2021 and forecasts to 2031</a></p>
<p><a href="https://www.cri-report.com/global-ride-sharing-market-by-business-type-b2b-business-to-business-b2c-business-to-consumer-and-p2p-peer-to-peer-by-vehicle-car-bike-scooter-and-others-by-services-ride-hailing-and-c">Global Ride Sharing Market: By Business Type (B2B {Business to Business}, B2C {Business to Consumer} and P2P {Peer to Peer}); By Vehicle (Car, Bike/Scooter and Others); By Services (Ride-hailing and Car Pooling) and Region- Analysis of Market Size, Share &amp; Trends for 2014- 2019 and Forecasts to 2030</a></p>
<p><a href="https://www.cri-report.com/automotive-repair-and-maintenance-services-market">Global Automotive Repair and Maintenance Services Market By Vehicle Type (Bikes &amp; Scooters, Passenger Cars, Commercial Vehicles); By Service Providers (Automobile Dealerships, Franchise General Repairs, Locally Owned Repair Shops/Body Shops, Specialty Shops, Tire Shops); and Region- Analysis of Market Size, Share &amp;Trends for 2016-2019 and Forecasts to 2030</a></p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/electric-bikes-market-in-india-2021/">Electric Bikes Market in India 2021</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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		<title>Cement Industry in India 2021</title>
		<link>https://www.cri-report.com/cement-industry-in-india-2021/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 12 Nov 2021 04:41:37 +0000</pubDate>
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					<description><![CDATA[<p>In 2021, domestic production of the cement industry stood at 294.40 million tons, declining by 12% YOY on account of the economic slowdown.</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/cement-industry-in-india-2021/">Cement Industry in India 2021</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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										<content:encoded><![CDATA[<p>The <a href="https://www.cri-report.com/china-cement-industry-overview-2011-2020/" data-internallinksmanager029f6b8e52c="53" title="China Cement Industry Overview, 2011-2020" target="_blank" rel="noopener">cement</a> industry is mainly driven by the consequential number of construction activities with the growing demand and a surging need for residential complexes of urbanised population.</p>
<p>Furthermore, the construction of various infrastructure projects such as airports and roads, undertaken by the government in recent times, propels the growth of the market. Some of the major players include <a href="https://www.ultratechcement.com/" target="_blank" rel="noopener">UltraTech Cement Limited</a>, Ambuja Cements Limited, ACC Limited, Shree <a href="https://www.cri-report.com/china-cement-industry-overview-2011-2020/" data-internallinksmanager029f6b8e52c="53" title="China Cement Industry Overview, 2011-2020" target="_blank" rel="noopener">Cement</a> Limited.</p>
<h3>Cement Industry insights</h3>
<p>India is the second-largest producer of <a href="https://www.cri-report.com/china-cement-industry-overview-2011-2020/" data-internallinksmanager029f6b8e52c="53" title="China Cement Industry Overview, 2011-2020" target="_blank" rel="noopener">cement</a> in the world, accounting for more than 7% of the global installed capacity. In FY 2021, domestic production stood at 294.40 million tons, declining by 12% year-on-year on account of the economic slowdown. Cement consumption is projected to reach about 419.92 million tons in FY 2027.</p>
<p>The spurt in demand from sectors such as housing, commercial construction, and industrial construction will lead to an increase in consumption.</p>
<h3>Segment insights</h3>
<p>The housing sector is the key contributor to the cement industry growth. It is estimated that about 60% of cement is consumed by the sector. Demand is further getting fuelled by the non-trade segment, which is gaining momentum with the resumption of construction work of public infrastructure projects such as roadways and metros, after the lockdown.</p>
<p>In terms of production, south India has the maximum production capacity among the five zones (north, south, central, west, and east). It has a share of about 33% of the overall cement production.</p>
<h3>COVID-19 impact analysis</h3>
<p>In the wake of the pandemic, production was affected due to intermittent lockdowns and restrictions on mobility. Construction activities were interrupted in Q4 FY 2021 and Q1 FY 2022 because of the second wave and this resulted in the decline of consumption. However, because orders were put on hold, consumption volumes increased in the second quarter of FY 2022.</p>
<p>Significant market growth is expected over the forecast period because of higher infrastructure and developmental activities.</p>
<p>Related reports:</p>
<p><a href="https://www.cri-report.com/research-report-on-vietnam-cement-industry-2021-2025">Research Report on Vietnam Cement Industry 2021-2025</a></p>
<p><a href="https://www.cri-report.com/fiber-cement-board-market-forecast-till-2027market-synopsisglobal-fiber-cement-board-market-is-estimated-to-register-a-cagr-of-7-4-during-the-review-period-to-surpass-usd-2263-0-million-by-2025/">Fiber Cement Board Market Forecast till 2027</a></p>
<p><a href="https://www.cri-report.com/europe-fiber-cement-market-outlook-2030-industry-insights-opportunity-evaluation-2019-2030">Europe Fiber Cement Market Outlook 2030: Industry Insights &amp; Opportunity Evaluation, 2019-2030</a></p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/cement-industry-in-india-2021/">Cement Industry in India 2021</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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		<title>Cyber Security Solution Market in India 2020</title>
		<link>https://www.cri-report.com/cyber-security-solution-market-in-india-2020/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 04 Jan 2021 05:20:31 +0000</pubDate>
				<guid isPermaLink="false">https://www.cri-report.com/product/cyber-security-solution-market-in-india-2020/</guid>

					<description><![CDATA[<p>The cybersecurity market in India is estimated to reach INR 288.99 Bn by 2025, expanding at a CAGR of ~12.43% during the 2020-2025 period.</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/cyber-security-solution-market-in-india-2020/">Cyber Security Solution Market in India 2020</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h3>Cyber Security Solution Market in India</h3>
<p>India is going through a phase of rapid technological development which comes with an increasing risk of being exploited by cybercriminals for economic gains. In the wake of the pandemic, it has become crucial for organizations to strengthen their business continuity plans (BCPs), with special attention on cybersecurity products and solutions, to prevent businesses from falling prey to malware and other cyber threats.</p>
<p>The cybersecurity market in India is estimated to reach INR 288.99 Bn by 2025, expanding at a CAGR of ~12.43% during the 2020-2025 period. Digital evolution, increased cyberattacks, regulatory focus on security breaches, increased attention from companies’ board to cybersecurity requirements, and government initiatives continue to drive market growth. In 2019, CERT-In handled around 394,449 cyber incidents, which recorded a growth of 47.19% over a 10 year period.</p>
<p><strong>Cybersecurity products segment:</strong><br />
The cybersecurity products segment is expected to witness a higher growth rate (13.27%) than cybersecurity services (11.46%) during the forecast period. Increased spending on cybersecurity products backed by specialized technologies ensures this segment&#8217;s leading position in the cybersecurity market, with a share of 52%.</p>
<p>Data security and endpoint security will witness higher growth rates than the other product segments. Increased number of <a href="https://www.cri-report.com/smartphone-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1680" title="Smartphone Market in India 2021" target="_blank" rel="noopener">smartphone</a> users and internet subscribers, coupled with growing popularity of the BYOD (bring your own device) model and remote work culture is expected to fuel growth.</p>
<p>Security intelligence, detection and response is expected to account for ~30% of the products segment revenue in 2025, continuing to hold its position as the highest contributor to the India cybersecurity market.</p>
<p><strong>Cybersecurity services segment:</strong><br />
The cybersecurity services segment is expected to reach INR 131.09 Bn by 2025. Security testing and incident response are likely to attract the maximum revenue in the cybersecurity services space. Increased use of <a href="https://www.cri-report.com/the-impact-of-covid-19-on-internet-of-things-iot-market-by-technology-software-solution-platforms-and-services-by-vertical-banking-financial-services-and-insurance-healthcare-retail-transpo/" data-internallinksmanager029f6b8e52c="441" title="The impact of Covid-19 on Internet of things (IoT) Market By technology (software solution, platforms, and services), by vertical (Banking financial services and insurance, Healthcare, Retail, Transportation, Utilities and Government and defense) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030" target="_blank" rel="noopener">IoT</a> devices, regulatory mandates by the RBI, and imminent threat of cyberattacks are propelling market growth.</p>
<p>Security devices need to be constantly monitored and configuration upgrades have become necessary due to the rapid pace of technological advancements. As a result, security operations hold the largest market share (~39%) in the overall services mix.</p>
<p><strong>End-user segments:</strong><br />
The top three sectors that contribute to the maximum cybersecurity demand are <a href="https://www.cri-report.com/armenia-banking-market-outlook-2030-industry-insights-opportunity-evaluation-2019-2030/" data-internallinksmanager029f6b8e52c="277" title="Armenia Banking Market Outlook 2030: Industry Insights &amp; Opportunity Evaluation, 2019-2030" target="_blank" rel="noopener">banking</a> and financial services, technology and associated services, and government sectors. Looming security risks and cyber threats, owing to the use <a href="https://www.cri-report.com/global-ai-in-neurology-operating-room-market/" data-internallinksmanager029f6b8e52c="977" title="Global Artificial Intelligence (AI) in Neurology Operating Room Market: Focus on Offering, Technology, Indication, Application, End User, Unmet Demand, Cost-Benefit Analysis, and Over 16 Countries’ Data - Analysis and Forecast, 2021-2030" rel="nofollow noopener" target="_blank">AI</a>, <a href="https://www.cri-report.com/global-blockchain-market-analysis-forecast/" data-internallinksmanager029f6b8e52c="229" title="Global Blockchain Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2022-2029" target="_blank" rel="noopener">blockchain</a>, <a href="https://www.cri-report.com/the-impact-of-covid-19-on-internet-of-things-iot-market-by-technology-software-solution-platforms-and-services-by-vertical-banking-financial-services-and-insurance-healthcare-retail-transpo/" data-internallinksmanager029f6b8e52c="441" title="The impact of Covid-19 on Internet of things (IoT) Market By technology (software solution, platforms, and services), by vertical (Banking financial services and insurance, Healthcare, Retail, Transportation, Utilities and Government and defense) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030" target="_blank" rel="noopener">IoT</a>, and real-time payments, and introduction of mobile point-of-sale devices have increased the need for cybersecurity spends in the <a href="https://www.cri-report.com/armenia-banking-market-outlook-2030-industry-insights-opportunity-evaluation-2019-2030/" data-internallinksmanager029f6b8e52c="277" title="Armenia Banking Market Outlook 2030: Industry Insights &amp; Opportunity Evaluation, 2019-2030" target="_blank" rel="noopener">banking</a> and financial services industry.</p>
<p>More stringent guidelines on data privacy, such as Personal Data Protection Bill 2019, require the IT sector to focus on cybersecurity infrastructure. Cybersecurity spend by this sector is expected to reach INR 71.54 Bn by 2025, expanding at a CAGR of 18.54% during the 2019-2025 period. The Indian government is investing massive amounts to build robust cyber protected systems, to safeguard digital services from potential cyber threats.</p>
<p><strong>Impact of COVID-19:</strong><br />
The COVID-19 pandemic has caused worldwide economic disruptions, impacting health, businesses, and livelihoods of millions of people. There has been a stupendous hike in the volume and sophistication of cyberattacks as organizations try to struggle through the ongoing crisis. In 2020, the volume of cyberattacks on domestic organizations doubled in March as compared to January, with the outbreak of COVID-19.</p>
<p>Organizations need to revisit their BCPs and incident response plans in the wake of the pandemic, which has disrupted key elements of the supply chain. Every organization should focus on having robust VPN services and revised security defenses to minimize the risk of cyber threats, which has escalated amid the pandemic.</p>
<p><strong>Companies covered</strong></p>
<p>• <a href="https://www.hcltech.com/" target="_blank" rel="noopener">HCL Technologies Limited</a><br />
• Tata Consultancy Services Limited<br />
• Wipro Limited<br />
• Cisco Systems (India) Private Limited<br />
• Dell India Private Limited<br />
• IBM India Private Limited<br />
• Northrop Grumman International Inc.<br />
• Oracle India Private Limited<br />
• NortonLifeLock Inc.</p>
<p><a href="https://www.cri-report.com/cybersecurity-solution-market-in-india-2019/">Cybersecurity Solution Market in India 2019</a></p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/cyber-security-solution-market-in-india-2020/">Cyber Security Solution Market in India 2020</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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		<title>Life Insurance Market in India 2020</title>
		<link>https://www.cri-report.com/life-insurance-market-in-india-2020/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 26 Nov 2020 05:22:22 +0000</pubDate>
				<guid isPermaLink="false">https://www.cri-report.com/product/life-insurance-market-in-india-2020/</guid>

					<description><![CDATA[<p>Currently, there are 24 life insurance players in India, comprising one public sector and 23 private sector players.</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/life-insurance-market-in-india-2020/">Life Insurance Market in India 2020</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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										<content:encoded><![CDATA[<p>The financial services sector is segmented into capital market, <a href="https://www.cri-report.com/malaysia-insurance-industry-research-report/" data-internallinksmanager029f6b8e52c="2009" title="Malaysia Insurance Industry Research Report 2023-2032" target="_blank" rel="noopener">insurance</a> (life and non-life), and non-<a href="https://www.cri-report.com/armenia-banking-market-outlook-2030-industry-insights-opportunity-evaluation-2019-2030/" data-internallinksmanager029f6b8e52c="277" title="Armenia Banking Market Outlook 2030: Industry Insights &amp; Opportunity Evaluation, 2019-2030" target="_blank" rel="noopener">banking</a> financial companies (NBFCs).</p>
<h3>Life Insurance Market Overview</h3>
<p>The life <a href="https://www.cri-report.com/malaysia-insurance-industry-research-report/" data-internallinksmanager029f6b8e52c="2009" title="Malaysia Insurance Industry Research Report 2023-2032" target="_blank" rel="noopener">insurance</a> market in India was valued at INR 5,081.32 Bn in FY 2019, and is expected to reach INR 9,553.30 Bn by FY 2025, expanding at a compound annual growth rate (CAGR) of ~11.09% during the FY 2020-FY 2025 period.</p>
<p>As of FY 2020, the total assets held by life <a href="https://www.cri-report.com/malaysia-insurance-industry-research-report/" data-internallinksmanager029f6b8e52c="2009" title="Malaysia Insurance Industry Research Report 2023-2032" target="_blank" rel="noopener">insurance</a> companies in India amounted to INR 37,756.9 Bn, with INR 6,636.37 Bn in equity (at market value), and INR 30,704.04 Bn in fixed income (at book value)</p>
<p>Currently, there are 24 life insurance players in India, comprising one public sector and 23 private sector players. The life insurance market in India is exhibiting immense growth, next to banks, for mobilized savings, and is a formidable part of the Indian capital market. India’s insurance penetration increased slightly to 3.70% in FY 2019 as compared to 3.69% of FY 2018</p>
<p>Life Insurance Corporation of Indian is the sole public sector life insurance company in India. However, private life insurance companies have been penetrating the market since 2000, mainly by innovating their product lines and engaging in unique customer services. Nonetheless, the share of private players in the life insurance industry is expected to decrease from 33.58% in FY 2019 to 31.30% in FY 2020, whereas the market share of LIC is expected to increase from 66.42% in FY 2019 to 68.70% in FY 2020.</p>
<p><strong>Impact of COVID-19</strong><br />
The COVID-19 pandemic in the country has changed the way businesses used to operate across all sectors and the Indian life insurance industry is no exception. The extension of the lockdown pushed insurance companies to depend heavily on digital infrastructure to carry out businesses, from settling claims to selling new policies. Sales went down in March, which is deemed as the productive month for life insurance companies, by ~30%. However, business is expected to recover in the second quarter of FY 2021.However, insurance companies are taking necessary steps to accelerate online sales. In March 2020, Policybazaar reported a 20% increase in the online sale of life insurance products. In the wake of the pandemic, life insurance players need to focus on developing paperless web-based processes to ensure greater efficiency and productivity, which can be capitalized when things get back to normal.</p>
<p><strong>Key growth drivers of the market</strong><br />
With an increasing internet user base, the online distribution channel is likely to gain prominence in the Indian insurance industry. India’s young population with greater purchasing power and inclination toward security products is also growing. However, the penetration of life insurance in India is shallow, compared to the advanced and emerging economies of the world. In a way, life insurance companies are utilizing the opportunity of penetrating the Indian market, thereby taking advantage of its expanding economy and rising individual income level.</p>
<p><strong>Key deterrents to the growth of the market</strong></p>
<p>High lapse ratio, due to low persistency, is hindering the overall business of insurers. This is because insurance policy lapse has a negative effect on customer retention, product performance, pricing factors, product image, and workforce planning.</p>
<p><strong>Companies covered</strong><br />
• Life Insurance Corporation of India<br />
• <a href="https://www.hdfclife.com/" target="_blank" rel="noopener">HDFC Life Insurance Company Limited</a><br />
• ICICI Prudential Life Insurance Company Limited<br />
• SBI Life Insurance Company Limited<br />
• Aditya Birla Sun Life Insurance Company Limited<br />
• Bajaj Allianz Life Insurance Company Limited<br />
• Max Life Insurance Company Limited<br />
• PNB Metlife India Insurance Company Limited<br />
• Reliance Nippon Life Insurance Company Limited<br />
• Tata AIA Life Insurance Company Limited</p>
<p><a href="https://www.cri-report.com/the-global-business-health-insurance-market-forecast-to-2019-2030/">The Global Business Health Insurance Market Forecast To 2019-2030</a></p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/life-insurance-market-in-india-2020/">Life Insurance Market in India 2020</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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		<title>Life Insurance Market in India 2019</title>
		<link>https://www.cri-report.com/life-insurance-market-in-india-2019/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sat, 12 Sep 2020 05:24:24 +0000</pubDate>
				<guid isPermaLink="false">https://www.cri-report.com/product/life-insurance-market-in-india-2019/</guid>

					<description><![CDATA[<p>The Indian life insurance market is exhibiting immense growth, next to banks for mobilized savings, and is a formidable part of the Indian capital market.</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/life-insurance-market-in-india-2019/">Life Insurance Market in India 2019</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h3>Life Insurance Market in India</h3>
<p>The Indian financial services sector is a highly volatile sector, influenced by fiscal and monetary policies, government regulations, trade rules, tax changes, and technology changes. The <a href="https://www.cri-report.com/malaysia-insurance-industry-research-report/" data-internallinksmanager029f6b8e52c="2009" title="Malaysia Insurance Industry Research Report 2023-2032" target="_blank" rel="noopener">insurance</a> industry in India is regulated by the <a href="https://www.cri-report.com/malaysia-insurance-industry-research-report/" data-internallinksmanager029f6b8e52c="2009" title="Malaysia Insurance Industry Research Report 2023-2032" target="_blank" rel="noopener">Insurance</a> Regulatory and Development Authority of India (IRDAI), which is an autonomous body established in 1999.</p>
<p><strong>Market segment insights</strong><br />
In India, currently there are 24 life <a href="https://www.cri-report.com/malaysia-insurance-industry-research-report/" data-internallinksmanager029f6b8e52c="2009" title="Malaysia Insurance Industry Research Report 2023-2032" target="_blank" rel="noopener">insurance</a> players, which comprise 1 public sector and 23 private sector players. The Indian <a href="https://www.cri-report.com/life-insurance-market-in-india-2020/" data-internallinksmanager029f6b8e52c="437" title="Life Insurance Market in India 2020" target="_blank" rel="noopener">life insurance</a> market is exhibiting immense growth, next to banks for mobilized savings, and is a formidable part of the Indian capital market. In FY 2019, the <a href="https://www.cri-report.com/life-insurance-market-in-india-2020/" data-internallinksmanager029f6b8e52c="437" title="Life Insurance Market in India 2020" target="_blank" rel="noopener">life insurance</a> sector accounted for approximately 2.68% to India’s gross domestic product (GDP).</p>
<p>LIC is the sole public sector life insurance company in India. However, private life insurance companies have been penetrating the market since 2000, mainly through unique customer services.</p>
<p>In terms of the number of new policies issued, shares of both LIC and private insurers have increased during the FY 2017-FY 2018 period. In FY 2018, LIC held a share of ~75.67% in terms of the number of new policies issued, the rest being acquired by private insurers. The demand for LIC policies is usually high, owing to the handsome maturity value offered by the company at the end of the policy terms.</p>
<p>Considering the amount of premium collected in FY 2018, LIC alone held a share of ~69.36%. However, the share of private insurers, in terms of premium collected, had increased during the FY 2017-FY 2018 period at a rate of ~19.17%, mainly due to innovative product mixes offered by the companies. In FY 2018, out of the top private insurers operating in India, ICICI Prudential had the highest market share (~5.9%), followed by SBI Life (~5.53%) and HDFC Standard (~5.14%).</p>
<p><strong>Key growth drivers of the market</strong><br />
On the macroeconomic front, the Indian economy has been gaining momentum since FY 2018. Moreover, India’s young population with increased purchasing power and greater inclination towards security products is growing.</p>
<p>However, the penetration of life insurance in India is shallow, compared to the advanced and emerging economies of the world. In a way, life insurance companies are utilizing the opportunity of penetrating the Indian market, thereby taking advantage of its expanding economy and rising individual income level.</p>
<p><strong>Key deterrents to the growth of the market</strong><br />
High lapse ratio, due to low persistency, is having a detrimental impact on the overall business of insurers. This is because lapsation of insurance policies result in a negative impact on customer retention, product performance, pricing factors, product image and workforce planning.</p>
<p><strong>Companies covered</strong><br />
• <a href="https://licindia.in/" target="_blank" rel="noopener">Life Insurance Corporation of India</a><br />
• HDFC Life Insurance Company Limited<br />
• ICICI Prudential Life Insurance Company Limited<br />
• SBI Life Insurance Company Limited<br />
• Aditya Birla Sun Life Insurance Company Limited<br />
• Bajaj Allianz Life Insurance Company Limited<br />
• Max Life Insurance Company Limited<br />
• PNB Metlife India Insurance Company Limited<br />
• Reliance Nippon Life Insurance Company Limited<br />
• Tata AIA Life Insurance Company Limited</p>
<p><a href="https://www.cri-report.com/life-insurance-market-in-india-2020/">Life Insurance Market in India 2020</a></p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/life-insurance-market-in-india-2019/">Life Insurance Market in India 2019</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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		<title>E-payment Solutions Market in India (2018-2023)</title>
		<link>https://www.cri-report.com/e-payment-solutions-market-in-india-2018-2023/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Mon, 10 Jun 2019 06:33:48 +0000</pubDate>
				<guid isPermaLink="false">https://www.cri-report.com/product/e-payment-solutions-market-in-india-2018-2023/</guid>

					<description><![CDATA[<p>The e-payment solutions market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~51.17% between FY 2018 and FY 2023, and will reach a value of INR 15,344.1 Tn by FY 2023.</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/e-payment-solutions-market-in-india-2018-2023/">E-payment Solutions Market in India (2018-2023)</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="color: #ff0000;"><strong>New Report : <a style="color: #ff0000;" href="https://www.cri-report.com/e-payment-solutions-market-in-india-2021/">E-payment Solutions Market in India 2021</a></strong></span></p>
<p>&nbsp;</p>
<h3>E-payment Solutions Market in India</h3>
<p><strong>Market insights:</strong><br />
The development of digital infrastructure in the country is leading to the creation of a robust technological ecosystem for the <a href="https://www.cri-report.com/digital-payment-market-outlook/" data-internallinksmanager029f6b8e52c="848" title="Digital Payment market : Global Analysis of Market Size, Share &amp; Trends for 2019–2020 and Forecasts to 2030" rel="nofollow noopener" target="_blank">digital payment</a>s industry of India. The <a href="https://www.cri-report.com/e-payment-solutions-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1674" title="E-payment Solutions Market in India 2021" target="_blank" rel="noopener">e-payment solutions</a> market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~51.17% between FY 2018 and FY 2023, and will reach a value of INR 15,344.1 Tn by FY 2023.</p>
<p>The volume of payments is expected to reach 96.5 Tn transactions by FY 2023, up from its 2018 volume of 18.5 Tn. The growth of the Indian <a href="https://www.cri-report.com/e-payment-solutions-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1674" title="E-payment Solutions Market in India 2021" target="_blank" rel="noopener">e-payment solutions</a> market is owed to the introduction of <a href="https://www.cri-report.com/digital-payment-market-outlook/" data-internallinksmanager029f6b8e52c="848" title="Digital Payment market : Global Analysis of Market Size, Share &amp; Trends for 2019–2020 and Forecasts to 2030" rel="nofollow noopener" target="_blank">digital payment</a> portals by banks like Axis Bank Ltd., HDFC Bank Ltd., ICICI Bank Ltd., etc. Also, the integration of payment services in popular applications like WhatsApp and Apple Pay has led to an increase in <a href="https://www.cri-report.com/digital-payment-market-outlook/" data-internallinksmanager029f6b8e52c="848" title="Digital Payment market : Global Analysis of Market Size, Share &amp; Trends for 2019–2020 and Forecasts to 2030" rel="nofollow noopener" target="_blank">digital payment</a>s across India.</p>
<p><strong>Segment wise market insights:</strong><br />
During the FY 2016-FY 2018 period, the use of credit cards for online payments has reduced (54% to 43%), while the market share of prepaid payment instruments (PPI) has increased (11% to 13%). This implies that there has been a shift in the preference for payment methods, from cards to digital platforms, thus leading to the higher penetration of <a href="https://www.cri-report.com/e-payment-solutions-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1674" title="E-payment Solutions Market in India 2021" target="_blank" rel="noopener">e-payment solutions</a> in India.</p>
<p><strong>Key growth drivers of the market:</strong><br />
o After the demonetization of INR 500 and INR 1,000 notes in 2016, India’s fintech (financial technology) landscape witnessed significant adoption among users from across various business segments. This, in turn, led to the growth of the <a href="https://www.cri-report.com/e-payment-solutions-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1674" title="E-payment Solutions Market in India 2021" target="_blank" rel="noopener">e-payment solutions</a> industry, resulting in an annual return on investment of ~29% in India, which is higher than the average returns in the global and Asian markets.</p>
<p>o <a href="https://www.cri-report.com/e-commerce-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1535" title="E-commerce Market in India 2021" target="_blank" rel="noopener">E-commerce</a> retailers like Amazon, Flipkart, and Paytm Mall offer cashbacks and discounts on online payment for products. This encourages customers to use digital payment services more often during online shopping. As a result, the transaction value and volume of the e-payment solutions market in India is increasing.</p>
<p><strong>Key deterrents to the growth of the market:</strong><br />
The underdeveloped infrastructure of Indian fintech companies, such as ineffective payment systems, limited Internet coverage, and lack of proper regulatory mechanisms for payment obligations, are slowing down the penetration of digital payments in the country. Also, the penetration of digital payment solutions is limited to urban and semi-urban clusters, and cash is still the preferred mode of payment beyond those areas.</p>
<p><strong>Market trends:</strong><br />
o The deployment of QR code technology for payments at merchant outlets, acts as a substitute for NFC (near-field communication) devices or EDC (electronic data capture) machines, thus eliminating the cost barrier in the merchant acquisition process.</p>
<p>o UPI is a revolutionary platform for easy interoperability of payments, which is structured keeping the prevailing challenges in mind, in order to generate larger volumes of payments in the future. Several third-party service providers have provided easy access to new customers to the UPI platform through their <a href="https://www.cri-report.com/smartphone-market-in-india-2021/" data-internallinksmanager029f6b8e52c="1680" title="Smartphone Market in India 2021" target="_blank" rel="noopener">smartphone</a> applications.</p>
<p><strong>Companies covered:</strong></p>
<p>o <a href="https://www.airtel.in/bank/" target="_blank" rel="noopener">Airtel Payments Bank Limited</a><br />
o Axis Bank Limited<br />
o HDFC Bank Limited<br />
o ICICI Bank Limited<br />
o Mswipe Technologies Private Limited<br />
o National Payments Corporation of India<br />
o One Mobikwik Systems Private Limited<br />
o One97 Communications Limited<br />
o PayPal Payments Private Limited<br />
o State Bank of India</p>
<p>&nbsp;</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/e-payment-solutions-market-in-india-2018-2023/">E-payment Solutions Market in India (2018-2023)</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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		<title>Laundry Detergent Market in India (2018-2023)</title>
		<link>https://www.cri-report.com/laundry-detergent-market-in-india-2018-2023/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 12 Apr 2019 02:39:02 +0000</pubDate>
				<guid isPermaLink="false">https://www.cri-report.com/product/laundry-detergent-market-in-india-2018-2023/</guid>

					<description><![CDATA[<p>Market insights: The India laundry detergent market is anticipated to expand at a compound annual growth rate (CAGR) of ~5% during the 2018-2023 period, owing to rising consumer demand. Based on type, hand wash detergents constitute ~82% of the market share, while machine wash detergents hold the remaining of it. The demand for hand wash detergents is high, since only ~33% of the population use washing machines and require machine-wash detergents, and the rest of the population use hand-wash detergents for washing clothes. Market segment insights: Among the major laundry&#8230;</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/laundry-detergent-market-in-india-2018-2023/">Laundry Detergent Market in India (2018-2023)</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Market insights:<br />
The India <a href="https://www.cri-report.com/southeast-asia-laundry-detergent-industry/" data-internallinksmanager029f6b8e52c="2367" title="Research Report on Southeast Asia Laundry Detergent Industry 2023-2032" target="_blank" rel="noopener">laundry detergent</a> market is anticipated to expand at a compound annual growth rate (CAGR) of ~5% during the 2018-2023 period, owing to rising consumer demand. Based on type, hand wash detergents constitute ~82% of the market share, while machine wash detergents hold the remaining of it. The demand for hand wash detergents is high, since only ~33% of the population use washing machines and require machine-wash detergents, and the rest of the population use hand-wash detergents for washing clothes.<br />
Market segment insights:<br />
Among the major <a href="https://www.cri-report.com/southeast-asia-laundry-detergent-industry/" data-internallinksmanager029f6b8e52c="2367" title="Research Report on Southeast Asia Laundry Detergent Industry 2023-2032" target="_blank" rel="noopener">laundry detergent</a> companies like Hindustan Unilever Ltd. (HUL), Rohit Surfactants Pvt. Ltd. (RSPL), and Proctor and Gamble Home Products Ltd. (P&amp;G) dominate the market, owing to high customer satisfaction both at national and regional levels. Apart from these players, Nirma, Jyothy Laboratories, Fena, and Reckitt Benckiser also operate in the market.<br />
Among the major <a href="https://www.cri-report.com/southeast-asia-laundry-detergent-industry/" data-internallinksmanager029f6b8e52c="2367" title="Research Report on Southeast Asia Laundry Detergent Industry 2023-2032" target="_blank" rel="noopener">laundry detergent</a> brands, Ghari had the largest market share during the period of 2014-2017, followed by Surf, and Wheel. Owing to its affordable p<a href="https://www.cri-report.com/vietnams-rice-industry-2016-2030/" data-internallinksmanager029f6b8e52c="1966" title="Research Report on Vietnam&#039;s Rice Industry 2016-2030" target="_blank" rel="noopener">rice</a>, Ghari detergent is the most preferred among the masses, and secures a high market share. On the other hand, brands like Surf and Wheel suffice demands of the middle-market and premium consumers.</p>
<p>Market drivers:</p>
<p>The growth in market demand for washing machines has recently expanded at an impressive rate in India. The growing penetration of washing machines is directly increasing the demand for machine-wash laundry detergents. Moreover, the purchasing power of Indians has increased, which is encouraging many players in the detergent market to expand their network and upturn product penetration, especially in the rural market.</p>
<p>Market challenges:<br />
Based on product pricing, <a href="https://www.cri-report.com/southeast-asia-laundry-detergent-industry/" data-internallinksmanager029f6b8e52c="2367" title="Research Report on Southeast Asia Laundry Detergent Industry 2023-2032" target="_blank" rel="noopener">laundry detergent</a> manufacturers in India often face stiff competition. In addition, there is not much scope of product differentiation in the sector. Thereby, product differentiation, and high competition act as deterrents to the growth for the market players.</p>
<p>Companies covered:<br />
1. Fena Pvt. Ltd.<br />
2. Godrej Consumer Products Ltd.<br />
3. Hindustan Unilever Ltd.<br />
4. Jyothy Laboratories Ltd.<br />
5. Nirma Ltd.<br />
6. Patanjali Ayurved<br />
7. Procter &amp; Gamble Home Products Ltd.<br />
8. Reckitt Benckiser (India) Ltd.<br />
9. Rohit Surfactants Pvt. Ltd.</p>
<p>Customization available:</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/laundry-detergent-market-in-india-2018-2023/">Laundry Detergent Market in India (2018-2023)</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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		<title>Soap Market in India (2018-2023)</title>
		<link>https://www.cri-report.com/soap-market-in-india-2018-2023/</link>
		
		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Fri, 12 Apr 2019 02:38:58 +0000</pubDate>
				<guid isPermaLink="false">https://www.cri-report.com/product/soap-market-in-india-2018-2023/</guid>

					<description><![CDATA[<p>Market insights The soap manufacturing industry is one of the oldest industries operating in the FMCG sector in India, and accounts for more than 50% of the consumer goods sector. The soap and detergent industry covers laundry and toilet soaps, and synthetic detergents in the form of liquid, powder, and bar. Bar soaps can be classified into three sections—premium, popular, and economic. Around 50% of soaps produced are sold in rural markets. Increasing awareness of hygienic standards in rural areas is providing growth opportunities to several players. Manufacturers are introducing&#8230;</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/soap-market-in-india-2018-2023/">Soap Market in India (2018-2023)</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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										<content:encoded><![CDATA[<p>Market insights<br />
The soap manufacturing industry is one of the oldest industries operating in the FMCG sector in India, and accounts for more than 50% of the <a href="https://www.cri-report.com/armenia-consumer-goods-market-outlook-2030/" data-internallinksmanager029f6b8e52c="278" title="Armenia Consumer Goods Market Outlook 2030: Industry Insights &amp; Opportunity Evaluation, 2019-2030" target="_blank" rel="noopener">consumer goods</a> sector. The soap and detergent industry covers laundry and t<a href="https://www.cri-report.com/oil-and-gas-industry-in-india-2021/" data-internallinksmanager029f6b8e52c="1678" title="Oil and Gas Industry in India 2021" target="_blank" rel="noopener">oil</a>et soaps, and synthetic detergents in the form of liquid, powder, and bar. Bar soaps can be classified into three sections—premium, popular, and economic.</p>
<p>Around 50% of soaps produced are sold in rural markets. Increasing awareness of hygienic standards in rural areas is providing growth opportunities to several players. Manufacturers are introducing soaps in different sizes and ranges, targeting consumers from low-income groups. Currently, there are around 5 Mn retail outlets in India which sell soaps, out of which 3.75 Mn operate in rural areas.<br />
Herbal soap is the fastest growing category in the soap market in India. Margo and Medimix dominate the herbal and medicinal soap segment. Government initiatives like Swachh Bharat Mission, which promotes health and hygiene, has led to the growth of the soap manufacturing industry. During FY 2017, the United Arab Emirates (UAE), Nepal, and the United States of America (U.S.A.) were the top three export destinations of soaps.<br />
Market segment insights:<br />
The soap market in India is segmented based on brands, (Lux, Dove, Pears, Santoor, etc.), category (<a href="https://www.cri-report.com/southeast-asia-beauty-industry-2023-2032/" data-internallinksmanager029f6b8e52c="2416" title="Research Report on Southeast Asia Beauty Industry 2023-2032" target="_blank" rel="noopener">beauty</a> soaps, health soaps, and others), and players operating in the market (Hindustan Unilever, ITC, Wipro, and others). During FY 2017, the <a href="https://www.cri-report.com/southeast-asia-beauty-industry-2023-2032/" data-internallinksmanager029f6b8e52c="2416" title="Research Report on Southeast Asia Beauty Industry 2023-2032" target="_blank" rel="noopener">beauty</a> soaps segment had a market share of ~50%, followed by the health soaps segment. Popular <a href="https://www.cri-report.com/southeast-asia-beauty-industry-2023-2032/" data-internallinksmanager029f6b8e52c="2416" title="Research Report on Southeast Asia Beauty Industry 2023-2032" target="_blank" rel="noopener">beauty</a> soap brands operating in the market are Lux, Dove, Pears, Santoor, and Vivel. During the same period, Lux was the leading soap brand with a market share of ~13.5%, followed by Santoor, Vivel, and other brands.<br />
Key growth drivers of the market:<br />
Bathing soaps with cooling agents and herbal ingredients are attracting more customers. People these days prefer herbal soaps because of their therapeutic value. Nearly 315 Mn users in rural areas will be connected to the internet by 2020. Increased internet penetration will help rural consumers to explore the market and avail offers online. Growing awareness about sanitation and increasing disposable income in rural India will be key drivers for the growth of the soap market.</p>
<p>Key deterrents to the growth of the market<br />
Most of the chemicals used in soaps can be harmful for skin. Presence of chemicals and other toxic elements in soaps can discourage people from using them. This, in turn, can have a negative impact on the growth of the market.</p>
<p>Companies covered:<br />
1. Colgate Palmolive (India) Ltd.<br />
2. Godrej Consumer Products Ltd.<br />
3. Hindustan Unilever Ltd.<br />
4. ITC Ltd.<br />
5. Jyothy Laboratories Ltd.<br />
6. Wipro Ltd.<br />
7. Cholayil Pvt. Ltd.<br />
8. Karnataka Soaps and Detergents Ltd.<br />
9. The Himalaya Drug Company<br />
10. Reckitt Benckiser (India) Pvt. Ltd.</p>
<p>Customizations available</p>
<p>The post <a rel="nofollow" href="https://www.cri-report.com/soap-market-in-india-2018-2023/">Soap Market in India (2018-2023)</a> first appeared on <a rel="nofollow" href="https://www.cri-report.com">CRI Report</a>.</p>
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