Page 11 - Techsci Research News Today

Press Release – TechSci Research The global digital payment industry is expected to hit the USD6.6 trillion mark in 2021, registering around a 40% jump in two years. The cashless payment methods are rapidly evolving with ground-breaking innovations such as mobile wallets, peer-to-peer … Summary: The cashless payment system is growing exponentially with evolving payment methods, rising e-commerce use, enhanced broadband connectivity, and emergence of new technologies. Can increasing incidenc...

Global AC market set to hit $138bn over next five years DUBAI, 17 hours, 7 minutes ago Global air conditioners market is poised for solid growth over the next five years with its value set to hit $138.03 billion by 2026 registering a CAGR of 4.42 per cent, according to TechSci Research report.   Increasing GDP per capita income, rapid urbanization, technological advancements, is expected to drive the growth of the global air conditioners market, stated TechSci in its latest report Global A...

Solar PV market under duress from dependence on imports 22:18 | 03/06/2021 The large solar panel market in this country is currently presided over by overseas investors The Indian Ministry of Commerce and Industry a fortnight ago launched an anti-dumping probe into solar cells originating from China, Thailand, and Vietnam, following a petition by the Indian Solar Manufacturers Association. The move has shocked Vietnam-based panel producers. The ministry said that...

Walmart is collaborating with PHA and Higher Ground Productions US: How online natural retailer Thrive Market is going climate-positive Thrive Market has always been an eco-conscious enterprise, offering foods made of real ingredients that are safe for the environment, delicious and fairly priced. Already, the e-retailer has committed to a no-air-shipping policy and utilizing all-recyclable shipping materials; it also recently earned B Corp certification. But Thrive Market isnt stopping there:...

Carrefour International Partnership and Nordic Coops: New commercial Partnership Saudi grocer Othaim sales dip a year on from panic buying supermarket sweep Saudi supermarket chain Abdullah Al Othaim Markets reported a 42% drop in first quarter profit, a year on from the early panic-buying days of the pandemic. Net profit fell to SR57.7mln ($15.4mln) for the first 3 months of the year from almost SR100mln a year earlier, the company said in a Tadawul filing. Sales fell 11.9% over the same perio...

Notorious for deal-hunting, the pandemic has made India's online grocery shopping utility-driven.

Saudi medical devices market set for steady growth RIYADH, 3 hours, 55 minutes ago Saudi Arabia medical devices market is expected to witness steady growth for the next five years, according to TechSci Research report.    Access to healthcare facilities is considered as a basic right in Saudi Arabia which is a major reason for ever-increasing demand to avail healthcare facilities in Saudi Arabia.    Government initiatives to provide reimbursements for availing healthcare facilities an...

Oman’s MB Group digitally transforms oil and gas operations MUSCAT, 3 hours, 36 minutes ago Muscat-based MB Group, one of the Middle East’s largest multinational groups in the energy and natural resources industry sector, has entered into a digital transformation partnership with global technology company SAP.   As global energy demand continues to increase, energy firms are racing to digitise their operations to support new levels of productivity and efficiency. The Middle East and Af...

MB Group embarks on digital transformation partnership with SAP By: Times News Service Muscat: Muscat-based MB Group, one of the Middle East’s largest multinational groups in the energy and natural resources industry sector, has embarked on the digital market, thanks to a digital transformation partnership announced with global technology company SAP. As global energy demand continues to increase, energy firms are racing to digitise their operations to support new levels of productivity and e...

GCC passenger car market to grow at 6.68pc CAGR DUBAI, 4 hours, 46 minutes ago GCC passenger car market, valued $26.23 billion in 2020, is projected to grow at CAGR of 8.73% in the next five years to reach $46.12 billion until 2026, according to TechSci Research report.    Growing disposable income, expanding road infrastructure coupled with lower cost of the fuel are the primary factors for the growth of the passenger car market in GCC.   In 2017, the ban on women driving was lifted i...