Market research & Consulting- NewAge

  The increasing cost of smartphones is expected to drive the growth of India mobile phone insurance market through 2024.  According to TechSci Research report,  “ India  Mobile Phone Insurance Market  By Phone Coverage, By Coverage, By Distribution Channel, By Plan, By End, User, Competition, Forecast & Opportunities, 2024 ”  India mobile phone insurance market is expected to grow at a formidable rate during the forecast period since mobile phones are prone to physical and technical damage. Important Factors of India Mobile Phone Insurance Market Additionally, rising demand for data and virus protection plans, improving access through improved distribution networks, and rising demand for premium smartphones, among others are some other factors driving the mobile phone insurance market in India. Furthermore, insurance vendors in the market are improving their policies with recovery features, data protection, and extensive technical support to consumers ...

  Growth in tourism and rising concerns for security are boosting the growth of the travel insurance market in India during the forecast period.  According to TechSci Research report,  “ India Travel Insurance Market By Type, By Source, By Insurance Cover, By User, By Location, Competition, Forecast & Opportunities, 2024 ” , India travel insurance market is expected to grow at a CAGR of around 12% during the forecast period on account of increasing concern for safety and security. Moreover, increase in the tourist traffic, rising natural calamities, medical emergencies, and the rise in the occurrence of loss of luggage and important documents are the other key factors that are propelling the growth of the travel insurance market in India. Important Factors of India Travel Insurance Market Furthermore, owing to the benefits offered under a travel insurance policy, more people are looking forward to getting their trip insured, before leaving for vacation,...

  Expanding fleet of cars along with increasing incidents of road accidents to drive India car insurance market until 2024.  According to TechSci Research report,  “ India Car Insurance Marke t  By Vehicle Type, By Type, By Source, By Premium Type, Competition, Forecast & Opportunities, 2024 ”,  the India car insurance market is expected to grow at a double-digit CAGR on account of growing automotive sales and mandatory insurance of vehicle as per motor vehicles act 1988. Important Factors of India Car Insurance Market Automotive insurance is generally a contract between the vehicle owner and the insurance company, protecting the vehicle against financial loss in case of theft or accident. Generally, car insurance is valid for one year, which needs to be renewed by the due date, post which the renewal of insurance involves an inspection of the vehicle. Also, if the insurance is not renewed in 90 days, a customer might lose the claim to no claim bonus. B...

  An increasing number of coronavirus cases is expected to drive the growth of India coronavirus health insurance market.  According to TechSci Research report,  “ India Coronavirus Health Insurance Market By Type of Insurance Provider (Public, Private, Standalone Health Insurers), By Insurance Type (Regular Health Insurance Policy v/s Fixed Benefit Insurance Plan), By Type of Claim (Cashless v/s Reimbursement), By Sum Insured (Up to 25,000, Up to 50,000, Up to 1,00,000, Up to 2,00,000), By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent), By End Users (Minors, Adults, Senior Citizens), By Region, Forecast & Opportunities, 2025 ” , the India coronavirus health insurance market is expected to grow at an impressive rate during the forecast period on account of the drastic increase in the number of coronavirus positive cases in the country. Important Factors of India Coronavirus Health Insurance Market increasing healthcare costs is ...

  India accounting services market is expected to grow at an impressive rate during the forecast period. The India accounting services market is driven by government initiatives creating employment opportunities in the country.  This has drastically increased the working population in the country. Additionally, the introduction of GST is further expected to create lucrative opportunities for market growth. The arrival of GST has made businesses remodel their supply chains in order to take complete advantage of the new tax structure. Furthermore, the government of India is likely to allow multinational firms to register as auditors thereby fueling the market growth. Besides, Digital India and Make in India initiatives are further expected to positively influence market growth over the next few years. Important Factors of India Accounting Services Market The India accounting services market is segmented based on the type of services, company, and region. Based on the type o...

  India accounting services market   is expected to grow at an impressive rate during the forecast period. The India accounting services market is driven by government initiatives creating employment opportunities in the country.  This has drastically increased the working population in the country. Additionally, the introduction of GST is further expected to create lucrative opportunities for market growth. Important Elements of the India Accounting Services Market The arrival of GST has made businesses remodel their supply chains in order to take complete advantage of the new tax structure. Furthermore, the government of India is likely to allow multinational firms to register as auditors thereby fueling the market growth. Besides, Digital India and Make in India initiatives are further expected to positively influence market growth over the next few years. The India accounting services market is segmented based on the type of services, company, and region. Based on the...

  The increasing trend of availing gold loan in urban areas is expected to drive the growth of India gold loan market.  According to TechSci Research report,  “ India Gold Loan Market By Type of Lenders (Formal v/s Informal), By Mode of Disbursal (Cash, Cheque, Electronic Transfer), By Interest Rate (Up to 10%, 11%-20%, 21%-30%, 31%-40%, Above 40%), By Regulatory Body (RBI v/s Ministry of Corporate Affair), By Market Type (Organized v/s Unorganized), By Application (Investment v/s Collecting), By End Users (Salaried Middle Class, Housewives, Traders, Micro-Enterprises, Self-Employed, Others), By Region, Forecast & Opportunities, 2025 ” , the India gold loan market is expected to grow at an impressive rate during the forecast period on account of the changing lifestyle patterns of the population in the country. Important Factors of India Gold Loan Market These days people have started using their gold as collateral in order to not just full fill their short-term e...

  Growing awareness regarding advantages offered by health insurance and increasing disposable income to drive India health insurance market.  According to TechSci Research report,  “India Health Insurance Market By Claim Type, By Insurance Type, By Type of Insurance Provider, By Business Type, By Different Types of Health Insurance Plans, By Type of Scheme, By Type of Coverage, By Term of Coverage, By Cash Limit, By Mode of Purchase, By End User, By Region, Competition, Forecast & Opportunities, 2025” , India health insurance market is projected to register a CAGR of 29% during 2021 - 2025. Important Factors of India Health Insurance Market The surging working population, increasing disposable income, and rising awareness about policies offered by health insurance companies are the major factors driving the country’s health insurance market. Additionally, the mandatory provision of providing health insurance for both private and public sector employees is furthe...

  Government push for the growth of small and medium enterprises and lower-income groups driving the microfinance market in India.  According to TechSci Research report,  “ India Microfinance Marke t  By Type, By Bank Type, By Non-Banks, By End-Use, By Area, By Region, Competition, Forecast & Opportunities, 2025 ” , microfinance market in India is anticipated to grow at a brisk CAGR of more than 40% during 2021 – 2025, predominantly on account of increasing demand for microfinance loans from the country’s MSME sector. The objective of the India Microfinance Market The main objective of microfinance organizations is to provide a chance for low-salary borrowers to become self-sufficient. This sector plays an important role in promoting inclusive growth by providing credit to borrowers who fall under the BPL category. This industry is also helping the women, especially from rural areas, to avail of small loans at affordable rates. Browse 29 market data Figures sprea...

  The increasing population and the government’s push for affordable housing are driving the Home loan market in India during the forecast period.  According to TechSci Research report,  “ India Home Loan Marke t , By Type, By Source, By Interest Rate, By Tenure, By Area of Property, Competition, Forecast & Opportunities, 2024 ”,  the home loan market in India is anticipated to grow at a brisk rate on account of increasing population and affordable mortgage rates. Generally, people seek a home loan for extension, renovation, repair, or buying a house. Moreover, owing to growing employment opportunities in tier 1 cities, more and more people are shifting to these cities by purchasing home through a home loan, which is anticipated to drive India home loan market through 2024. Browse market data Figures and Tables spread through  Pages and an in-depth TOC on the  " India Home Loan Market" . Important Factors of the India Home Loan Market The home loan mark...