Market research & Consulting- NewAge

  The   Global Real Time Payment market   is expected to grow at a robust CAGR of around 30% during the forecast period. The global real-time payment market is driven by the growing number of mobile phone users and increasing traction for instant payment transfers among the population. Additionally, increasing cashless transactions and the increasing popularity of the internet and mobile banking among the population are further projected to propel the growth of the market during the next five years. The Global Real Time Payment market is segmented based on the nature of payment, component, deployment mode, end user, company, and region. Based on the nature of payment, the market can be categorized into P2P, P2B, and B2P. The P2B segment is expected to hold a significant market share owing to the growing volume of digital real-time transactions. Based on components, the market can be bifurcated into solutions and services. The solutions segment is expected to dominate the ...

  Increasing disposable income coupled with improved standards of living to drive the growth of India debit cards market through 2024 According to TechSci Research report,  “ India  Debit Cards Market  By System Types, By Type, By Payment Terminals, Competition, Forecast & Opportunities, 2024 ”,  India debit cards market is expected to grow at a formidable rate during the forecast period account their convenience and standardized payment experience. Additionally, debit cards are internationally accepted since infrastructures like Mastercard and VISA are available globally. However, there has been a significant decline in the number of debit cards owing to the increasing popularity of other payment options such as Paytm, Google Pay, and UPI, among others. Moreover, the reluctance of merchants in accepting card payments due to the high charges is further restricting the growth of the market. The problem is more acute for small merchants, which prompted th...

  Increasing cases of property damage from theft or different types of natural calamities to drive India home insurance market during the forecast period According to TechSci Research report,  “ India Home Insurance Market By Type, By Source, By Premium Type, By Area of Property, Competition, Forecast & Opportunities, 2024 ” , India home insurance market is expected to grow at a steady CAGR during the forecast period on account of increasing concern for safety and security. Moreover, rise in the tourist traffic and increasing natural calamities, rise in the occurrences of theft are the other key factors that are anticipated to propel the growth of home insurance market in India. Furthermore, owing to the benefits offered under a home insurance policy, more people are looking forward to getting their homes insured, thereby further fueling growth on the market. Around 60% of the Indian subcontinent landmass is vulnerable to earthquakes and other natural catastrophes, an...

  Increasing incidents of road accidents due to the rise in traffic to drive India two wheeler insurance market until 2024 According to TechSci Research report,  “ India Two Wheeler Insurance Marke t  By Vehicle Type, By Type, By Source, By Premium Type, Competition, Forecast & Opportunities, 2024 ”,  India two wheeler insurance market is expected to grow at a double-digit CAGR during the forecast period. With sales of 26 million two-wheelers in 2018, India is the world’s largest two-wheeler market. The rise in the number of vehicles is contributing to increasing road accidents which is further driving the two-wheeler insurance market. Also, according to the motor vehicle act, of 1988, licensed drivers need to have insurance for their vehicles, which would drive growth in the market in the coming years. The coverage of insurance depends upon the type of insurance. For example, liability coverage does not cover any damage to one’s own vehicle in the case of an acc...

  Increasing concern for safety and security and fuel efficiency to boost the growth of India insurance telematics market during the forecast period According to TechSci Research report,  “ India Insurance Telematics Market By Vehicle Type, By Type, By Source, By Premium Type,   By Device Type, Competition, Forecast & Opportunities, 2030 ” , India insurance telematics market is expected to grow at a steady rate during the forecast period on account of increasing concern for safety and security, effective transportation and logistics purpose. Telematics interconnects telecommunications with computer technology to provide enterprises with data on remote products like vehicles in real-time. Telematics or black box insurance provides insurance to the vehicles by monitoring the location, movements, status, and behavior of a vehicle or fleet of vehicles. This is achieved through a combination of a GPS receiver and an electronic device installed in each vehicl...

  The increasing geriatric population, rising health expenses, and increasing prevalence of chronic diseases across the globe drive the growth of the global health insurance market. According to TechSci Research report,  “ Global Health Insurance Market By Type of Insurance Provider (Public, Private, Standalone Health Insurers), By Type of Coverage (Individual v/s Family), By Term of Coverage (Term v/s Lifetime), By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent), By End Users (Minors, Adults, Senior Citizens), By Region, Competition, Forecast & Opportunities, 2026F ” , the global health insurance market is expected to grow at a CAGR of over 8% during the forecast period on account of growing healthcare expenditure in various economies. Additionally, increasing hospital stays and expensive treatment procedures have increased the affordability concerns for patients. The growing need to ensure an efficient flow of treatment without...

  The rise in incidences of loss of luggage due to an increase in tourist arrivals to drive the growth of United States business travel insurance market According to TechSci Research report,  “ United States  Business Travel Insurance Market   By Type of User (B2B, B2C, B2B2C), By Insurance Cover (Single trip travel insurance, Annual multi-trip travel insurance, Long-stay travel insurance), By Distribution Channel (Bank, Insurance company, Insurance intermediaries, Insurance broker, Insurance Trade, Insurance Aggregator, Others), By Region, Forecast & Opportunities, 2025 ” , the United States business travel insurance market is expected to grow at a formidable rate during the forecast period on account of the strict travel insurance regulations mandate and a growing number of global security concerns related to international travel. Additionally, factors such as a rise in the number of international trips for business purposes, an increase in the number of price ...

  The   global Digital Banking Platform market   is projected to grow at a significant CAGR during the forecast period. The growing demand among banks to deliver enhanced customer experience, the increasing adoption of cloud-based platforms to obtain higher scalability, the rising adoption of smartphones and tablets as well as the increasing demand for streamlining business processes are some of the significant factors contributing to the growth of the digital banking platforms market. Based on banking types, the retail banking segment is expected to be the largest contributor to the digital banking platforms market during the forecast period. Based on banking types, the digital banking platforms market is classified into retail banking and corporate banking. Retail banking has emerged as an essential enabler in the market in translating banking models across the globe. Based on banking modes, the mobile banking segment is expected to grow at a higher CAGR during the fore...

  The rise in the adoption of digital currencies and growing security in online transactions are expected to drive the demand for the global crypto wallets market in the forecast period, 2023-2027. According to the TechSci Research report,  “ Crypto Wallets Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 ” , the global crypto wallets market is anticipated to witness prominent growth in the forecast period, 2023-2027. Crypto wallets or hardware wallets store the user's private key in a secure encrypted hardware device. Crypto wallets store confidential keys and keep the crypto safe and available. A private key is a confidential information that allows outgoing transactions on the blockchain network. They are also the transactions of cryptocurrencies, including the send, receive, and delivery of Ethereum, Bitcoin, and many more. Factors such as a rise in the significant investments from the key players to proliferate the use of crypto wall...

  The growing population in the region and high nutrient concentration in fertilizers are the major drivers of the Mexico Specialty Fertilizer market. According to TechSci Research report, “ Mexico Specialty Fertilizer Market  –  By  Region, Competition Forecast & Opportunities , 2027 ”,  the Mexico Specialty Fertilizer Market stood at USD376.68 million in 2021 and is expected to grow at a CAGR of 4.57% during the forecast period. Industrial gases are comprised of elements, molecular compounds, or mixtures. Specialty fertilizers are a rapidly expanding and diversified range of products with a variety of features and one or more ingredients of primary, secondary, or tertiary importance micro-nutrients. There are around 12 plant nutrients that are necessary for increasing plant yield. Specialty fertilizers differ from commodity fertilizers like urea, diammonium phosphate (DAP), and muriate of potash (MOP), as well as mixes of these, in that they are less commo...

  India fingerprint payment market   is expected to grow at a steady rate during the forecast period. This can be majorly attributed to the desire for frictionless authentication while paying in all channels. Moreover, government support and initiatives for the adoption of fingerprint sensors are anticipated to boost the growth of the fingerprint payment market in India. In addition, in this rapidly evolving technological landscape, there is no longer a place for the PIN when making payments through cards. Advancements in fingerprint biometric technology allow the user to authenticate a payment with a simple touch of the finger using a biometric-enabled payment card, which is further expected to spur the growth of India fingerprint payment market in the forthcoming years. The need for convenient and secure payment methods is increasing the demand for fingerprint biometrics in the market. Fingerprints are almost as unique as DNA; they remain the same from infancy to old age and...