25/3/2019 – CRI Report

Smartphone Market in India (2018-2023)

admin — Fri, 12 Apr 2019 02:39:14 +0000

Smartphone Market in India

Consumer preference towards mobile devices is changing, and the young generation these days tend to replace television with smartphones. This is proving to be conducive for the growth of the smartphone market in India. With a 14% yearly market growth since 2016, India is the fastest growing smartphone market globally.

Market insights:
Based on volume of shipment, the smartphone market in India is expected to expand at a compound annual growth rate (CAGR) of ~14.56% between FY 2018 and FY 2023 to reach a value of 277 Mn units by FY 2023. The Indian government’s ambitious ‘Make in India’ campaign is encouraging domestic and foreign companies to set up production facilities within the country. Besides government incentives, faster than expected rolling out of 4G networks, and availability of ultra-low-end 4G devices are expected to support the adoption of smartphones in India.

Player-wise segment insights:
Among the major players of the Indian smartphone market, Xiaomi holds the largest market share (~29.70%), benefitting from its offline channel distribution and the launch of Redmi Note 5 and Redmi 5A in 2018. Other significant players in the Indian smartphone sector include Samsung Vivo, Oppo, and Transsion, among others.

Premium company wise segment insights:
In the fourth quarter of 2017, Apple was the top premium smartphone company in India with a market share of ~47%. However, by the fourth quarter of 2018, OnePlus acquired the topmost position as the premium smartphone seller in India with a market share of ~36%. OnePlus 6 and OnePlus 6T were the two bestselling premium smartphones in 2018, which experienced the highest adoption rate among the customers. Apple failed to retain its position as the premium smartphone seller with the highest market share due to a downward shift in shipment of its flagship models, iPhone 8 and iPhone X.

Key growth drivers of the market:
E-commerce platforms like Amazon and Flipkart, among others, accounted for ~38% market share of the total smartphone distribution sales in India in 2018. The online distribution model helps companies save a considerable amount of money that would have been spent in building up a physical distribution network. The significant savings that the companies make, with no distributor and retailer margins, usually account for ~6-15% of the total operational cost. As a result, the smartphone companies are able to cut prices by ~INR 3,000-5,000, thereby attracting more consumers.

Key deterrent to the growth of the market:

• In 2017, 1.22% of all applications outside of Google Play were termed as potentially harmful applications (PHAs), with Trojans dominating the PHA category. Smartphones are also vulnerable to numerous threats like bluejacking, bluesnarfing, snoopware, and pranking. Such security and privacy concerns develop averseness among a segment of customers toward smartphones.
• The rate of adoption of smartphones and tablets in rural India is low largely due to budgetary constraints, and poor adaptability rate of complicated devices. Since ~70% of the total Indian population reside in the rural areas, and lack the necessary knowledge to handle a smartphone, the rate of penetration of smartphones across India is being hampered.

Companies covered:

• Apple India Private Limited
• Lava International Limited
• Lenovo (India) Private Limited
• Micromax Informatics Limited
• Motorola Solutions India Private Limited
• Oppo Mobiles India Private Limited
• Samsung India Electronics Private Limited
• Sony India Private Limited
• Vivo Mobile India Private Limited
• Xiaomi Technology India Private Limited

Smartphone Market in India 2021

The post Smartphone Market in India (2018-2023) first appeared on CRI Report.

Global Human Capital Management Market (2018-2023)

admin — Fri, 12 Apr 2019 02:39:09 +0000

The global human capital management (HCM) market is expected to be worth USD 29.9 billion by 2023, expanding at a CAGR of 8.7%. Automation in the administration of employees, policies, and procedures in regional as well as global firms is a crucial driver for the HCM market. A significant share of the market is dominated by large global players such as SAP, Oracle, Workday, Ramco, ADP, Microsoft, Ultimate Software, and Cornerstone. These companies are focusing on acquiring smaller vendors to provide end-to-end solutions in all categories to the customers.
Segmentation based on component
HCM software accounted for 66.5% of the overall market revenue in 2018, mainly driven by the demand for cloud-based SaaS applications. Pricing flexibility has acted as the key driving force of growth in software and has led to the movement of on-premises or datacenter customers to SaaS-based HR software. Services segment includes various aftersales activities such as maintenance, upgradation, agreement renewal, and consultation. The market share of this segment is estimated to increase by 7% from 2018 to 2023 owing to rising demand for migration services, extension, and plug-in development.
Segmentation based on software
Based on software, the HCM market is segmented by core HR, payroll & compensation management, performance management, learning, talent acquisition, workforce management, benefits administration, and others. Workforce management software dominated the global market, with a market size of USD 4.4 billion in 2018. Augmented need for automation in absence & leave management and time & attendance tracking has bolstered the demand for workforce management software. The learning software segment is anticipated to witness a significant increase in market share, expanding at a CAGR of 12.8% from 2018 to 2023. Spurring demand for self-directed agile learning tools, next-generation learning management systems, and micro-learning platform have been key trends over the past few years.
Segmentation based on deployment type
Based on the deployment type, the cloud-based HCM solutions achieved the largest share of the global market, garnering a market size of USD 15.4 billion in 2018. Flexibility, cost-effectiveness, easy accessibility, and adaptability across platforms have motivated the demand for cloud-based HCM software more than the on-premises segment to maintain HR operations across offices located in different geographies.
Segmentation based on organization size
Based on organization size, the HCM market is categorized into large and SME. Large enterprises with more than 2,500 employees were the early consumers of HCM solutions; however, the SME segment with employees less than 2,500 has emerged rapidly and accounted for a market share of 52.5% in 2018. The market is anticipated to witness a promising trend in the SME segment, especially in emerging economies.
Segmentation based on vertical
Manufacturing, energy & utilities, consumer goods & retail, healthcare, transportation, telecom & IT, and BFSI are the major industry verticals adopting HCM solutions. The HCM market is expected to witness a spurring demand from government and manufacturing sectors. The shift of workforce from baby boomers to millennial is projected to encourage the adoption of HCM solutions to automate talent acquisition and workforce management operations. The demand from the manufacturing vertical is expected to reach USD 3.8 billion in 2023.
Regional insights
North America became the largest consumer of HCM solutions in 2018, accounting for 56.5% of the market share and is predicted to continue to be the leading regional segment over the forecast period. A group of software vendors, customers, developers, and system integrators has encouraged the high market share of the region. The Asia-Pacific region is estimated to experience a significant gain in market share of 3.3% from 2018 to 2023. The rise of corporate culture owing to the expanding footprint of global companies in emerging economies like China, India, and the ASEAN countries is expected to drive the market growth in the Asia Pacific.
Companies covered
• Oracle
• ADP
• SAP SE
• Workday, Inc.
• Ultimate Software Group, Inc.
• Kronos Incorporated
• Ceridian HCM, Inc.
• IBM Corporation

Customizations available:

The post Global Human Capital Management Market (2018-2023) first appeared on CRI Report.

Global Healthcare 3D Printing Market (2019-2024)

admin — Fri, 12 Apr 2019 02:39:07 +0000

The global healthcare 3D printing market is projected to expand at a CAGR of 23.1% and will be worth USD 2.48 billion by 2024. Increasing demand for customized healthcare solutions, such as dental and surgical implants, is driving the growth of 3D printing in the healthcare sector. Additionally, 3D printing is helping improve the efficiency and precision of the healthcare system in a cost-effective manner. Volume production and patient-specific capabilities are among the most important factors taken into consideration when looking at the impact of 3D printing on the medical devices industry.
Segmentation based on technology
The various 3D printing technologies used in the healthcare space are Selective Laser Sintering (SLS), Fused Deposition Modeling (FDM), Material Jetting, Stereolithography (SLA), Direct Metal Laser Sintering (DMLS), and Digital Light Processing (DLP), among others. The FDM technology-based healthcare 3D printing market is expected to expand at the highest CAGR of 25% during 2019-2024, leading to a global revenue generation of USD 709 million by 2024. The growth can be attributed to increasing use of FDM technology in geometric development of basic surgical models with a wide range of colors. Although the finished products that use FDM technology are low in number, the technology is most preferred to develop low-cost prototypes for design optimization. On the other hand, DMLS is the most preferred metal 3D printing technology. The DMLS technology-based healthcare 3D printing market is expected to expand at a significant CAGR of 22.9% during 2019-2024.
Segmentation based on application
Based on applications, the healthcare 3D printing market is segmented by dental implants and orthodontics, surgical guides, surgical implants, hearing aids, prosthetics, tissue engineering, and others. Dental implants and orthodontics are the leading sub-segment which generated a revenue of USD 231.5 million in 2018 and is expected to expand at the CAGR of 21.4% during 2019-2024. However, the 3D printing surgical implants market is expected to witness the highest CAGR of 27.1%. Besides, easy accessibility and affordability of 3D printed surgical guides are increasing the demand for precise anatomical models for surgical planning. The market share of 3D printed surgical guides is expected to increase from 21% in 2018 to 24% in 2024.
Regional insights
North America is the leading contributor to the global healthcare 3D printing market. The North American healthcare 3D printing market is projected to expand at a CAGR of 22.7% during 2019-2024, leading to a global revenue of USD 901.2 million by 2024. However, the Asia-Pacific (APAC) region is anticipated to expand at the highest CAGR of 25.9% between 2019 and 2024. The growth can be attributed to increasing demand for dental implants owing to the rising edentulous population. In the APAC healthcare 3D printing market, China, Japan, South Korea, Australia, and India are the key contributing countries.
Companies Covered
• 3D Systems
• Stratasys
• Materialise
• Envisiontec
• Formlabs
• Prodways
• Renishaw
• Organovo
• Cellink
• Protolabs

The post Global Healthcare 3D Printing Market (2019-2024) first appeared on CRI Report.