Mobile Wallet Market in India 2017

Netscribes' latest market research report titled Mobile Wallet Market in India 2017 states that the digital market has greatly benefitted from the recent demonetization in India, which has boosted the usage of m-wallets in the country. The m-wallet is driven by increased usage of smartphones, 3G and...

4/11/2017 | Service Industries

Commercial Banking Market in India 2017

Netscribes' latest market research report titled Commercial Banking Market in India 2017 states that Commercial Banking applications are gaining huge popularity due to increasing internet usage, convenience of availing daily transactions (discounts, special offers) through mobile banking apps, easy ...

3/1/2017 | Service Industries

Convenience Store Market in India 2021

Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Convenience Store Market in India 2021'. Though convenience store market in India is in a nascent stage, yet it is headed towards profound growth in near future. Convenience stores in India have qualified to be the ...

10/29/2021 | Service Industries

Financial Brokerage Market in India 2021

Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Financial Brokerage Market in India 2021'. With declining cash volumes and slow economic growth, investment in the financial sector has been dismal. The economic condition has been the major reason behind the decrea...

10/28/2021 | Service Industries

Retail Market in India 2021

Netscribes' latest market research report titled Retail Market in India 2021 notes how services sector has become the biggest segment of the Indian GDP. It analyzes in depth the retail market, a sub-set of the services industry. Since the opening of Foreign Direct Investment (FDI) in retail trade, t...

10/22/2021 | Service Industries

e-Payment Solutions Market in India 2021

Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘e-Payment Solutions Market in India 2021'. With India being termed as a cash-based economy and aided by the recent focus by government on digital payments, strong growth is expected by the e-payment solutions market...

10/16/2021 | Service Industries

Franchise Market in India 2021

Netscribes' latest market research report titled Franchise Market in India 2021 outlines how the entrepreneurial appetite has streamlined itself into the franchising concept in the country. Franchising is defined as a proposition wherein an entrepreneur replicates a brand's business model by giving ...

6/23/2021 | Service Industries

Facilities Management Services Market in India 2021

Netscribes' latest market research report titled Facilities Management Services Market in India 2021 outlines how the facilities management segment has now been elevated to a strategic level of importance. India embraced facilities management services when companies started outsourcing their non-cor...

5/12/2021 | Service Industries

Payment Security Market in India 2021

Payment security is a safety program that uses multiple layers of analytics, technology, and security approaches to protect digital payment and reduce fraudulent transactions. These security solutions are provided through Point-of-sale (PoS), mobile-based, and web-based platforms. Payment security s...

3/1/2021 | Service Industries

Financial Brokerage Market in India 2021

The financial brokers offers financial advice to the firm or the individual. India's broking industry is transitioning from a transaction-based to a fee-based model, offering services such as investment advisory and wealth management. Apart from advisory services, emphasis on fund-based activities, ...

3/1/2021 | Service Industries

Netscribes' latest market research report titled Mobile Wallet Market in India 2017 states that the digital market has greatly benefitted from the recent demonetization in India, which has boosted the usage of m-wallets in the country. The m-wallet is driven by increased usage of smartphones, 3G and 4G penetration and growth of e-commerce industry, combined with the rise in disposable income. Post demonetization, the monthly average wallet spending has jumped from INR 500-700 to INR 2000-10,000. Within next four years, prepaid instruments transactions will grow to become the double of mobile banking transactions. Companies like PayTm, FreeCharge, Mobikwik, My Airtel, Oxigen Wallet, My Vodafone, and Pockets by ICICI are the main players in this industry. Increased cases for cyber crimes in India, lack of trust in digital payment gateway, compatibility issues, consumer mindset and financial regulations are adversely affecting the market. Many companies are expanding and restructuring with the aim of not only increasing their gross merchandise value but also to launch other financial services such as loans and investments on their platform. With the convenience of payment and other benefits offered by digital gateways, the m-wallet industry is expected to grow exponentially. Coverage: Overview of the forecasted mobile wallet market size over FY 2016 to 2020e Overview of the mobile wallet transaction market size over FY 2016 to FY 2020e Evolution of consumer digital payments Mobile wallet payment varieties Types of mobile wallets Growth in mobile wallet banking and prepaid instruments Mode of payment-wise segmentation Market segmentation of mobile wallet services and gender-wise segmentation Player-wise segmentation Future opportunities of mobile wallets Qualitative analysis of the major drivers and challenges affecting the market Analysis of the competitive landscape and detailed profiles of major public and private players Recent developments in the industry Why Buy? Get a broad understanding of the mobile wallet sector in India, its link to the overall digital payment gateway products, the major segmentations of the sector and current state of the same Be informed about the post demonization and its effects on mobile wallets Understand major competitors' business, market dynamics, and respond accordingly Be informed regarding the key areas of opportunity in the mobile wallet sector Make more informed business decisions with the help of insightful recommendations provided to succeed in the mobile wallet sector ...

4/11/2017

Netscribes' latest market research report titled Commercial Banking Market in India 2017 states that Commercial Banking applications are gaining huge popularity due to increasing internet usage, convenience of availing daily transactions (discounts, special offers) through mobile banking apps, easy availability of short/long term loan and credit system, supported by the transformation of the Indian economy with several policy initiatives set to be implemented shortly. However, despite increasing availability of banking services and products in the Indian financial market, the biggest risk to India's banks is the rise in bad loans (bad debts), corruption/scams and slowdown in the balance sheet growth with depressed profitability. Lack of internet usage education among elderly people and the remote rural population is also a challenge for the industry. Despite these hindrances, the banking sector is focused on offering better customer services and in other technology infrastructure developments. This will aid in improving the customer's overall experience as well as give banks a competitive edge. Coverage: Overview of the commercial banking market in India of value over 2012 to 2015 Qualitative analysis of the major drivers and challenges affecting the market Analysis of the competitive landscape and profiles of major players operating in the market Key recent developments associated with commercial banking market in India Why Buy: Get a broad understanding of the commercial banking market in India, the dynamics of the market and current state of the sector Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving the growth of the market Be informed regarding the key developments in the field of commercial banks in India Understand major competitors' business and market dynamics ...

3/1/2017

Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Convenience Store Market in India 2021'. Though convenience store market in India is in a nascent stage, yet it is headed towards profound growth in near future. Convenience stores in India have qualified to be the preferred shopping destination for the Indian urban consumers who demand for convenience, quality and service. Certain determining factors work towards shaping the growth of such stores by translating the challenges into opportunities. Netscribes' latest market research report titled Convenience Store Market in India 2021 states that varying shopping trends noticed among Indian consumers have primarily determined the course of growth story for convenience stores. Drivers such as rising income levels, ease of payment through cards, changing demographics and lifestyle along with FDI in retail have steered the sector towards growth. The sector has witnessed government participation through FDI, single and multi-brand retailing and Goods and Services Tax. Though there are not many players dotting the sector, yet good prospect is noticed in their gradual dominance and increasing revenue structure. The sector has still a long distance to travel especially when impediments like human resource constraints, customer migration, lack of logistics support and regulatory challenges continue to baffle. ...

10/29/2021

Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Financial Brokerage Market in India 2021'. With declining cash volumes and slow economic growth, investment in the financial sector has been dismal. The economic condition has been the major reason behind the decrease in trading revenues. Rupee volatility coupled with global uncertainties has been instrumental in the decline of investment opportunities in the country. However, new government reforms do place some optimism in the sector and with the onset of new government and rise in flow of foreign funds, financial sector is slated to register healthy growth in near future which will translate into growth in financial brokerage market as well. Netscribes' latest market research report titled Financial Brokerage Market in India 2021 states that online broking has emerged as a recent trend which facilitates faster and smoother transactions. SEBI acts as a regulatory authority which governs the sector and regulates the rules and criteria for brokers and sub-brokers. Trends like emergence of discount brokers or decline in sub-brokers have also characterized the sector. Amidst dismal scenario, the sector is still reeling towards growth riding on the back of factors such as rising income levels, under penetration of equities, franchisee model fuelling expansion, FIIs and IPO showing strong returns. ...

10/28/2021

Netscribes' latest market research report titled Retail Market in India 2021 notes how services sector has become the biggest segment of the Indian GDP. It analyzes in depth the retail market, a sub-set of the services industry. Since the opening of Foreign Direct Investment (FDI) in retail trade, the market has expanded into diverse segments such as food products, consumables, durables, retail services and arts and entertainment. The report explores the various market entry strategies available for retailers and the supply chain model of the retail market. It also defines and categorizes the different formats of operation of organized retail in India. Since the economic liberalization in 1991, Indian retail market has been seeing increasing participation of multinational retailers, both online and offline. On the other hand, domestic retailers have expanded their presence throughout the country. Private labels have also flourished, with each retailer offering a host of in-house brands that cater to all segments of retail products. The radical growth in Indian retail market has been fuelled by the steady rise in organized retail, increase in disposable income, boom in real estate sector, growing consumption in rural segment, increasing penetration of mass media, rise in awareness about beauty, health and hygiene, changing lifestyle of consumers and increasing availability of credit. However, retailers are also facing increasingly complex challenges such as tough competition from unorganized segment, inefficiencies in supply chain, depreciation of Rupee, rise in energy costs and presence of harmful chemicals in several retail products that deter consumer consumption. ...

10/22/2021

Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘e-Payment Solutions Market in India 2021'. With India being termed as a cash-based economy and aided by the recent focus by government on digital payments, strong growth is expected by the e-payment solutions market in the country. Substantial number of customers is seen getting registered for internet banking facility and there has been a considerable increase in the usage reflected in funds transfer through National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS). In a similar context, mobile payment solutions, a subset of e-payment solutions, is also witnessing profound growth and is poised to grow in future. However, contradictions still loom large riding on the fact that e-payment solution has not quite taken off as the preferred mode of transaction completely. Netscribes' latest market research report titled e-Payment Solutions Market in India 2021 states that payments through credit and debit cards have risen due to rising consumer awareness and internet penetration. Additionally, the Reserve bank of India has also been playing a catalytic role through policy and other regulatory framework to foster greater adoption of such payment solutions. Though driving factors such as growth in e-commerce, increasing internet penetration, adoption of mobile devices, cost saving factor compared to printing notes, ease of transaction and soaring use by government have facilitated growth of the sector, challenges like security issues and lack of awareness and low service quality have implemented a steady growth of the same. ...

10/16/2021

Netscribes' latest market research report titled Franchise Market in India 2021 outlines how the entrepreneurial appetite has streamlined itself into the franchising concept in the country. Franchising is defined as a proposition wherein an entrepreneur replicates a brand's business model by giving a fee and share of the revenue providing both safety of an established brand and independence of running a venture by oneself. Foreign companies have also realized the potential of franchising and consider it as the most viable option while making a foray into the Indian market. Even established businessmen are attaching more weightage to this proposition for their successors whenever they think of entrepreneurial ventures. Franchise in India is growing at an impressive rate riding on the consumption boom wherein greater demand for products in India is getting translated into greater demand for franchises. An entrepreneur has the option to choose from over 4,000 franchising opportunities in India, which in addition to international franchises, is sowing the seeds of growth for domestic franchises as well. Though education leads in percentage proportion of share in the total franchising business in India yet, food and beverage, retail follow close in heels with health and wellness being another emerging sector. There is no specific rule or regulation governing the franchise sector, but it does have a presence of associations that channelize processes for such set-ups. ...

6/23/2021

Netscribes' latest market research report titled Facilities Management Services Market in India 2021 outlines how the facilities management segment has now been elevated to a strategic level of importance. India embraced facilities management services when companies started outsourcing their non-core activities to different vendors. Non-core activities comprise the paraphernalia of activities such as HVAC, maintenance and cleaning, plumbing and others that are placed at the service of the core businesses by facilities management service providers in such a way so as to protect an organization's capital investment in real estate. The Indian facilities management services market is growing at an impressive rate but is largely dominated by the unorganized segment. Several factors such as the rise in infrastructural development, boom in real estate, and growth in retail and hospitality sectors account for the bulk of the growth in the facilities management services. Witnessing the immense growth potential that the sector promises, many players including foreign players have dotted the Indian market. Though there are no government strictures regulating the market, the facilities management services sector is defined by the presence of an industry body, namely the Indian Facilities Management Association. ...

5/12/2021

Payment security is a safety program that uses multiple layers of analytics, technology, and security approaches to protect digital payment and reduce fraudulent transactions. These security solutions are provided through Point-of-sale (PoS), mobile-based, and web-based platforms. Payment security solutions offered in India include encryption, point-to-point tokenization, and EMV (Europay, MasterCard, and Visa). Payment security solutions in India are mostly being adopted by the sectors of banking, financial services, and insurance (BFSI), education, retail, hospitality, and telecom. Some of the domestic organizations proffering payment security solutions in the country are Cisco Systems India Pvt. Ltd., Intel Technology India Pvt. Ltd., and Trend Micro India Pvt. Ltd. Market insights: The payment security market in India was valued at INR 130.50 Bn in 2020. It is expected to expand at a compound annual growth rate (CAGR) of ~17.79% between 2021 and 2025, to reach a value of INR 289.90 Bn by 2025. The steady growth in the market can be attributed to the rising adoption of cashless payment methods and the increasing fraudulent activities associated with online transactions. It also includes the growing incidence of cyber thefts and data breaches. The increase in the government’s participation in undertaking initiatives to promote cashless and digital economy has also encouraged growth in the market. Some of the policies implemented by the government include the launch of the Payments Infrastructure Development Fund and the introduction of instant payment facilities, such as UPI and BHIM. However, the lack of investments from IT companies on security solutions and the high cost of the adoption of payment security solutions hinder the growth of the payment security market. COVID-19 impact analysis: The outbreak of the pandemic and the implementation of social-distancing norms have had a substantial impact on the payment security market in India. With the growing fear surrounding the pandemic, there has been a behavioral shift from cash-based transactions to digital payments across all categories of consumers. During this period, digital payment and contactless modes of transactions have gained popularity among the buyers. As a result, the risk of cybercrimes and data threats has also soared. With increasing cyber risks, the adoption of payment security services and solutions is expected to witness growth in multiples in the coming years. Companies covered: • Cisco Systems India Pvt. Ltd. • Intel Technology India Pvt. Ltd. • NortonLifeLock India Private Limited • Trend Micro India Pvt. Ltd. • Broadcom Inc. • One Span • Thales Group • Transaction Network Services ...

3/1/2021

The financial brokers offers financial advice to the firm or the individual. India's broking industry is transitioning from a transaction-based to a fee-based model, offering services such as investment advisory and wealth management. Apart from advisory services, emphasis on fund-based activities, including loan against shares and margin funding, is rising, allowing brokers to build sustainable earnings. Financial brokers have developed their marketing ability to support customers in achieving their goals. They offer wide-ranging products and services that strengthen their relationship with clients. The brokerage market was valued at INR 135.0 Bn in FY 2016. In FY 2020, it reached INR 210 Bn from INR 195 Bn in FY 2019, expanding at an annual growth rate ~7.69%. The industry gained popularity, owing to a significant increase in trading activities. Financial brokerage firms have generated revenues from stocks, commodities, and currency. The financial brokerage market operates through different business verticals including full-service, discount, and hybrid brokerage. The full-service brokers segment accounted for the significant share of the brokerage market in FY 2020, followed by discount brokers and hybrid. Major players operating in the market include Angel Broking Limited, Geojit Financial Services Limited, ICICI Securities Limited, and Kotak Securities Limited. Impact of Covid-19 The pandemic and prolonged global lockdown severely impacted India’s financial market and liquidity position. A struggling economy in India, coupled with the outbreak of COVID-19, has led to an apprehensions in which capital market investments have become a challenge for investors. While the Indian economy has been experiencing massive pressure of the COVID-19 pandemic, the trading volumes in the domestic capital market started to recover after the lockdown was lifted. It reached an all-time high in July 2020. Market segment insights In FY 2020, full-service brokers held the highest market share (~58%) of the overall broking industry based on NSE active clients. The shift of the trading platform from offline to online-offline mode increased the revenues generated by full-service brokers. However, in India, full-service brokers have been experiencing unstable growth as leading companies are losing considerable market share to discount brokers. Key growth drivers of the market • Technological innovations is a significant driver for the increasing participation of investors in equity markets. The pandemic resulted in a significant meltdown in the stock market. Improved financial awareness led to a 130% growth in Demat account openings. About 6.3 Mn accounts were opened in the first half of FY 2021. Post demonetization, fintech companies have played a significant role in the growth of the brokerage market, backed by increased smartphone users and high internet speed with low data costs. Retail investors use mobile-based trading as they primarily invest in convenient and user-friendly apps with secure platforms • In India, brokerage houses offer global investment services that permit their customers to own blue-chip stocks in the US. Investors' demand for portfolio diversification is one of the key drivers that encourage firms to provide these services. Broking firms entered into international partnerships, indicating a good demand for such services. In September 2020, Kuvera, an online platform for investments in India's mutual funds, partnered with the US Securities and Exchange Commission's listed investment adviser, Vested Finance. This partnership permits investors to purchase stocks from the US on its online platform. Key deterrents to the growth of the market Lack of financial knowledge is a significant reason behind the under-penetration of the brokerage market. Several Indians are not aware of shares, stocks, and mutual funds. They do not know how to invest in them to reap high returns compared to traditional investment tools. Most people are also ignorant of the basic financial concepts such as reward (return) to variability (risk) ratio, asset allocation, and diversification benefits. Companies covered • Angel Broking Limited • Geojit Financial Services Limited • ICICI Securities Limited • IIFL Finance Limited • Kotak Securities Limited • Motilal Oswal Financial Services Limited • Reliance Capital Limited • SMC Global Securities Limited • HDFC Securities Limited • Sharekhan Limited ...

3/1/2021

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