Category: Service Industries
Asia Service Industries
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Asia-Pacific Mutual Fund Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... assets are expected to reach USD31.8 trillion by 2021, although only 5% of the country’s domestic household savings are currently held in mutual funds. The Indian middle-class which, previously favored traditional assets such as gold ... Read More
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Commercial Real Estate Market in Indonesia - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... to 5.4%. The long-term outlook for commercial real estate looks positive for Indonesia supported by solid economic growth, and rising urbanization. With the conclusion of the elections in the first quarter of 2019 and the ... Read More
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Commercial Real Estate Market in Vietnam - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... 2021-2026. In spite of the signs of cyclical moderation in growth, Vietnam’s outlook remains positive. Vietnam's economy is seeing strong growth, with laws that made foreigners invest in its development further. As a result, there´s ... Read More
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Indonesia Motor Insurance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... insurance market reported a turnover of 69.9 trillion IDR (4.8 billion USD) in 2018, an increase of 9.8% than 2017. The motor insurance has amounted 18.67 trillion IDR (1.2 billion USD) premiums in 2018 with ... Read More
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INDIA MOTOR INSURANCE MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... accounted for approx 39.4% of the overall non-life insurance premiums in 2018, due to the rising demand from middle class families. Goods and services tax (gst) rate cut may boost insurance renewals of commercial vehicles. ... Read More
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South Korea Motor insurance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... forecast period. Direct Premium income of the non-life insurance sector for the Q2 of 2019 rose to 23.0 trillion KRW, up by 5.8% compared to the Q2 of 2018. In Q2 2019, the Direct premium ... Read More
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Taiwan Motor Insurance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... The direct written premium income of Taiwan's non-life insurance industry revealed a continuous growth in 2019 and reached TWD 177,130 million compared to previous year TWD 165,611 million. The total premium income generated by motor ... Read More
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Vietnam Fintech Market - Growth, Trends, Covid-19 Impact and Forecast(2022 - 2027)
... the General Statistics Office (GSO) Vietnam’s GDP increased by 2.91% in 2020. This reflects two key factors: the relative success in containing the health and business risks of the pandemic, and the ability of the ... Read More
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Vietnam Self-Storage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... sub-sector of the commercial real estate market. The growth in this industry is expected to be positive, during the forecast period, due to the trends of increased urbanization and improved economic outlook, which have led ... Read More
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Employee Benefits in India, 2022 Update - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis
... 10% of the country’s workforce. As the unorganized sector is continuously growing the Government of India has launched several social security measures related to healthcare, pension, and direct cash transfer schemes to people who do ... Read More
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Life and Non-Life Insurance Market in Asia-Pacific - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... 5% during the forecast period. The growth in non-lifelines has outpaced life insurance in the Asia-Pacific region. Yet in recent years, the growth has slowed. The pattern is likely to continue, despite the region's growing ... Read More
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Life and Non-life Insurance Market in South Korea - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... of approximately 4% during the forecast period. Key Highlights Korean life insurers, in FY 2018, witnessed their net incomes rising by 3.0% Y-o-Y, to KRW 4.03 trillion. At the same time, they recorded a loss ... Read More
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Asia-Pacific Mobile Payments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... 2026, registering a CAGR of 26 % over the forecast period (2021-2026). The changing lifestyle, Increased smartphone penetration, and the latest online retailing trends, the mobile payments market in Asia-Pacific is expected to grow significantly ... Read More
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CHINA FINTECH MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... China. Digital payment is the leading market segment in terms of transaction values. Total fintech investments in Asia inched up to a new record of USD 8.6 billion in 2016, although the number of deals ... Read More
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India Fintech Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... industry has shown huge growth over the past few years. India is gradually becoming a hub for many Fintech startups, the prominent names in the list are Paytm, Pine labs, PayU, and Faircent. SoftBank has ... Read More
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Life and Non-Life Insurance Market in Singapore - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... approximately 5% during the forecast period. The life insurance industry in Singapore recorded a total of SGD 4.3 billion in weighted new business premiums for YTD 4Q2019, an increase of 0.4% from the corresponding period ... Read More
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Residential Real Estate Market in Indonesia - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... The demand for the housing market is expected to be driven by Indonesia's favorable demographic composition, increasing urbanization, rising per capita income of people, and a significant young population, in the country, emerging as first-time ... Read More
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India CCTV Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... a significant issue in India, especially in the light of the numerous terrorist attacks over the last twenty-five years. With a population of over a billion people and high levels of mass poverty, multiple religions, ... Read More
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CHINA RETAIL BANKING MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... growing 10% to reach CNY 3.2 trillion (USD 471 billion). Key Highlights Retail banking contributed to 27% of the country’s total banking income in 2017, up from 22% five years earlier, but still a long ... Read More
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China Online Insurance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... market is expected to witness strong growth rate during the forecast period. Property insurance premiums in the Chinese online insurance market increased significantly over the first half of 2018. It increased by 37.29% year-on-year to ... Read More
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Malaysia Fintech Market - Growth, Trends, Covid-19 Impact and Forecast(2022 - 2027)
... shown an impact on the proper functioning of various industries across regions. It affected Malaysian Fintech Market and technology industry very badly. This was primarily due to reduced transactions because of lockdown being imposed and ... Read More
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Singapore Fintech Market - Growth, Trends, Covid-19 Impact and Forecast(2022 - 2027)
... accelerate as a result of the digital transformation brought about by the COVID-19 pandemic. While the COVID-19 pandemic has resulted in a fall in overall FinTech funding in Asia (particularly in China and India), the ... Read More
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Loyalty Management Market by Component (Solutions and Services), Organization Size (Large Enterprises and SMEs), Deployment Type, Operator (B2B and B2C), Vertical, and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2026
... The global loyalty management market size is expected to grow from USD 8.6 billion in 2021 to USD 18.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3% during 2021–2026. The growing ... Read More
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Asia Pacific Semiconductor (Silicon) Intellectual Property Market - Growth, Trends, COVID-19 Impact, and Forecast(2022 - 2027)
... The market is proliferating in China, with many chip design companies striving for self-reliance amid an escalating US-China technology rivalry. China's growing semiconductor landscape is also a direct driver of the market for semiconductor intellectual ... Read More
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Life and Non-life Insurance Market in Japan - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... 2% during the forecast period. The insurance market in Japan is among the biggest markets in the world. The volume of life insurance is roughly worth JPY 35 trillion, and the country ranked second in ... Read More
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