Video Surveillance Segment Captured Major Share in Saudi Arabia Physical Security Systems Market Revenues- 6Wresearch
During 2014-17, Saudi Arabia physical security systems market registered a decline owing to deteriorating economic conditions, primarily due to slump in oil prices. During this period, major government spending was cut down, resulting in halt in several government projects in the country. Moreover, in 2017, change in the government taxation policy for import of goods resulted in an increase in ASP of the imported products which further led to decline in demand for the security systems.

According to 6Wresearch, Saudi Arabia Physical Security Systems market is projected to reach $312 million by 2024. Although, during 2014-17, the physical security system market recorded negative growth; however, post 2017 the market is expected to bounce back due to recovery of oil prices...

Increasing Digital Payment Solutions in India Would Drive the Growth of Blockchain Technology Across Several Applications by 2024 - 6Wresearch
Blockchain technology, popularly known as a protocol for value exchange is registering rising adoption among several applications including banking and financial services, transportation, supply chain as well as government verticals in India. The solution is gaining awareness owing to more efficient, transparent, and secured database solutions. Further, recent pilot project initiatives in Andhra Pradesh would result in greater adoption of blockchain solution in certain key states including Delhi, Madhya Pradesh, Uttar Pradesh and Punjab over the coming years.

According to 6Wresearch, India blockchain technology market is projected to grow at a CAGR of 58% during 2018-24. The market would be highly dependent on increasing growth of digital payment...

India Garment Steamer Market to Witness Nearly Two Fold Revenues by 2024 - 6Wresearch
Consumers in India are becoming liberal on their spending habits as a result of increasing personal disposable income. Garment steamers are primarily used by commercial segment, however, over the past few years the product is gaining high acceptance across the household segment. The growth of garment steamer market in India is backed by surging aspirations of middle class population towards branded clothing. Garment steamers are ideal for delicate fabrics, in addition, these are also used for removing wrinkles and freshening of curtains, bed sheets, and upholsteries (seats & furniture covers). Moreover, growing product awareness, urbanization, and surging emphasis towards personal upkeep are further catalyzing the growth of garment steamer market in the country.

According to 6Wresearch, India Garment...

Dubai and Abu Dhabi are the Key Contributing Regions in the Growth of UAE Power Tools Market - 6Wresearch
UAE power tools market registered a healthy growth during 2014-17 attributed to increasing construction market as well as governmental spending on infrastructure development projects. UAE Vision 2021 and Abu Dhabi Vision 2030 would positively affect the growth of construction market, further boosting the deployment of power tools over the coming years. However, upcoming new commercial and residential projects coupled with increasing automotive sector and surging need for automation are some of the key factors which would further drive the market over the next six years. Also, for upcoming World Expo 2020 more than $15.41 billion is expected to be invested by the UAE government for the expansion of existing and construction of new public and private infrastructures resulting in an...

India Antivirus Market to Grow Amidst Emerging Wave of Technologies and Massive Rise in Cybercrimes - 6Wresearch
“Cyber-related risks are a global threat” as described precisely by the honorable Prime Minister Shri Narendra Modi while addressing the need to build credible cyber security systems amidst the changing threat landscape as India gears up to face cyber security threats. Cyber-security threat landscape in India has evolved over the past few years. During the past four years, India registered over 1,90,000 cases of cybercrime incidents. At present, Cyber-security market in India, stands around $4 billion with the industry exhibiting a growth of over 100% during the similar period. Growing number of internet users and proliferation of mobile and personal computing devices in the country resulted in increased threat level among the users, consequently, leading to growth in demand...

Java and Sumatra are the Key Regions Driving the Growth of Indonesia’s Elevator and Escalator Market - 6Wresearch
Indonesia elevator and escalator market registered sluggish growth in terms of number of new installations attributed to change in government policies pertaining to election in the country and slowdown in construction industry. However, upcoming new hotels and shopping malls coupled with increasing government spending on infrastructural development projects and inflow of FDI in the construction market (infrastructure, energy, and residential projects) are some of the key factors that would revive growth of the market during 2018-24.

According to 6Wresearch, Indonesia Elevator and Escalator Market is expected to grow at a CAGR of 2.2% during 2017-23. Increase in the construction of skyscrapers and acceptance in the residential vertical to drive the demand for elevator...

Strengthening Power Utilities and Industrial Sector Would Drive the Laos Switchgear Market During the Forecast Period - 6Wresearch
The power sector of Laos is one of the most important strategic verticals. The country exports more than 70% of the generated power to immediate neighbors such as Thailand and Vietnam. In order to continue being the ‘Battery of South East Asia’, the country plans to further strengthen the power infrastructure over the years to come. A target of increasing the power generation capacity to 14 GW by 2020 has been set by the government, which would see the construction of several new hydroelectric power plants in the country and act as a key driver in the growth of the switchgear market in Laos.

According to 6Wresearch, the Laos Switchgear Market revenues are projected to grow at a CAGR of 7.2% during 2018-24. The long-term goal of the Laos Government is to...

Surging Trend of Modular Kitchen to Drive the Growth of Dishwashers Market in India - 6Wresearch
Rapid urbanization and increasing personal disposable income have improved the standard of living of the middle class population in India. Consumers are now readily spending on luxury products. Dishwasher market is likely to witness immense growth potential over the coming years with rising number of average households along with flourishing modular kitchen trend in the country. Although, the market is predominantly driven by commercial segment, however, with growing awareness towards benefits of dishwashers, the residential segment is anticipated to grow during the forecast period.

According to 6Wresearch, India dishwasher market is projected to grow at a CAGR of 10.8% during 2018-24. Amongst various distribution channels including multi-branded & exclusive stores, hypermarkets, and online...

Expansion in Power Transmission and Distribution Network, Growing Construction Industry Along with Rising Commercial Sector Would Fuel the Growth of Switchgear During 2018-24 - 6Wresearch
Power transmission and distribution network in Cambodia is anticipated to witness significant growth on account of power sector development initiatives such as Power to the Poor Program, Rural Electrification Initiative and Solar Home System Program. Additionally, development of new commercial and residential projects and growing urbanization in the country are also contributing to increase in demand for power transmission and distribution equipment. These factors are driving the switchgear market in Cambodia.

According to 6Wresearch, Cambodia Switchgear Market Revenues are projected to grow at a CAGR of 9.5% during 2018-24. In Cambodia only 19 provinces out of 25 are connected with the electricity...

Expanding Power Generation Capacity, Rising Infrastructure Development Along with Government Initiatives towards Industrial Growth Would Fuel Thailand Switchgear Market During the 2018-24 - 6Wresearch
Government initiatives such as Power Development Plan and Alternative Energy Development Plan aims to increase Thailand’s power generation and transmission capacity in order to cope up with growing energy demand. With development of Power transmission and distribution network, demand for switchgear would also surge over the next six years. Additionally, the Eastern Economic Corridor is also expected to promote the domestic manufacturing in automotive, electronics, petrochemical, agriculture and food verticals, resulting in the growth of electrical products such as switchgears over the coming years.

According to 6Wresearch, Thailand Switchgear Market Revenues are projected to grow at a CAGR...