Market research & Consulting- NewAge

  Growing initiatives by the government for the promotion of digital and online payments are expected to drive the growth of India payment processing solutions market According to TechSci Research report,  “ India Payment Processing Solutions Market By Payment Method (Credit Card, Debit Card, E-wallet), By End User Industry (Retail, Hospitality, Utilities, Telecommunication, Others), By Region, Competition, Forecast & Opportunities, 2025 ”  the India payment processing solutions market is expected to grow at a formidable during the forecast period owing to the increased promotion and strategies adopted by various government and non-government authorities to promote digital payment methods. Additionally, the growing usage of online payment methods since they provide convenience and easier transactions is further propelling the market in the country. Furthermore, the increased use of mobile commerce that includes monetary transactions completed with the help o...

  Growing awareness of consumer durable financial services and improving lifestyle and technological preferences of people are projected to drive the India consumer durable finance market through FY2027. According to the report released by TechSci Research, ‘ India Consumer Durable Finance Market By Type ( Smart Phone, Washing Machine, Refrigerator, Air Conditioner, Laptop, and Others ), By City (Tier 1, Tier 2, and Tier 3), By Region, Competition Forecast & Opportunities, FY2027 ’, the consumer durable finance market in India was valued at USD1110.63 million in FY2021 and is expected to advance with a CAGR of 21.63% in the forecast period to reach USD2704.18 million in FY2027. The increasing penetration of non-banking financial companies (NBFCs) is further providing more lucrative options to consumers to avail consumer durable finances. Demonetization enabled an increasing number of NBFCs to enter the consumer credit industry, giving more convenient financing op...

  An increase in government focus to promote small and medium enterprises, affordable loan offers, and longer repayment tenures are the factors driving the India loan against property market. According to TechSci Research report,  “ India Loan Against Property Market  By Property Type (Self-occupied residential property, Rented Residential property, Commercial property, Self-owned plot & Others), By Type of Loan (Personal Loan, Business Loan, Building & Construction Loan, Others), By Interest Rate (Fixed Rate; Floating Rate), By Source (Bank & Housing Finance Companies (HFCs)), By Tenure (Upto 5 years; 6-10 years; 11-24 Years; 25-30 Years), By Region, Forecast & Opportunities, FY2026” , the country’s loan against property market is expected to register a CAGR of over 14% during FY2020-FY2026 and in value terms, it is expected to reach around USD857.87 billion by FY2026. Loan against property is generally used by small businesses as working capita...

  Rising disposable income and increasing consumption expenditure are the leading factors to drive the global consumer finance market during the forecast period. According to TechSci Research report,  “ Global  Consumer Finance Market  By Type (Secured Consumer Finance, Unsecured Consumer Finance), By Secured Consumer Finance Product Type (Housing Loan, Auto Loan, Mortgage Loan, Others (boat loan, recreational vehicle loan, secured credit cards, etc.)), By Unsecured Consumer Finance Product Type (Consumer Durable Finance, Personal Loan, Credit Card, Home Improvement Loan, Education Loan, Others (agricultural loan, pension loan, etc.)), By Region, Competition, Forecast & Opportunities, 2026 ” , the global consumer finance market is expected to grow at a CAGR of 5.27% during the forecast period on account of the growing economies and rising population. Additionally, a lower rate of interest has increased the affordability concerns for consumers. Furthermore, consum...

  India Consumer Finance Market  is projected to post robust growth by 2024, owing to factors such as increasing per capita income, high economic growth, rapid urbanization, and a rise in consumer spending power. Growing consumer preference towards the use of credit cards owing to the associated benefits related to it such as reward points and a host of promotional offers like movie tickets, discounts on flight bookings, etc., is likely to drive the growth of the consumer finance segment in India during the forecast period. Additionally, the rising number of consumers opting for Equated Monthly Instalments ( EMIs), available at 0% interest or low-interest rates will further propel the India Consumer Finance Market by 2024. Moreover, the easy availability of different loans like home loans, car loans, and education loans across a variety of public sectors as well as private banks or financial services and the easy processing of loan requests is likely to have a positive impact ...

  India Digital Banking Market  is expected to grow at a CAGR of over 22% during 2019-2024 owing to growing technological advancements, increasing internet penetration, and a growing number of smartphone users in India. Digital banking has made banking faster, easier, more convenient, and more efficient which drives the growth of the digital banking market in the country. Moreover, growing population in India, brick-and-mortar banks would not be able to provide services to their increasing customers base that’s why the customers are moving towards digital banking systems, and banks are pushing their customers for digital banking systems since digital banking systems can serve large customers and can manage large customer databases. Based on product type, the market has been categorized into PC and Mobile. In 2018, the PC segment dominated the market owing to increasing internet penetration among consumers and the mobile segment is anticipated to dominate the market during the ...

  India Insurance Market  is expected to witness robust growth by 2024 owing to growing awareness among the population regarding the benefits of insurance either life insurance or general insurance. India consists of more than 55 insurance companies including life insurance and general insurance companies. India's insurance industry has seen fast development amid the most recent decade since numerous foreign organizations have shown interest in putting resources into local insurance agencies, regardless of the Government of India's direction, which mandates the foreign shareholding limit is at 26% for the life and additionally non-life coverage parts. Based on sectors, the market has been categorized into the Public and Private sectors. In 2018, the public sector dominated the market since Life Insurance Corporation (LIC) is the biggest among all. Moreover, favorable government initiatives such as under Pradhan Mantri Fasal Bima Yojana (PMFBY) in 2017-18 in which over 47.9 mil...