According to SPER Market Research, A used car, pre-owned car, or second-hand car is a vehicle that has previously had one or more retail owners. Due to a growing consumer base and notable changes in used car purchasing patterns brought on by recent health-related events like the pandemic, Thailand is anticipated to become one of the used car markets with the highest potential throughout the forecast period. Thailand Used Car Market Overview: Forecast CAGR (2022–2032): 7.28% Forecast Market Size (2032): 11.05 billion It is projected that the Covid-19 pandemic will foster further expansion of Thailand’s used automobile market. Because they were afraid of…
Author: smithmkts
According to SPER Market Research, Due to the drawbacks of offline grocery shopping, such as the inconvenience of travel, long queues for payments, and the expense of impulse purchases, e-grocery first appeared in Indonesia. The Indonesian online grocery market is currently experiencing a phase of growth and is growing at an astonishing double-digit rate. Demand is projected to expand at a double-digit CAGR based on GMV during the research period. The market’s increasing embrace of new technologies by most rivals, together with the emergence of tech-based delivery solutions like drone delivery, warehouse automation, voice ordering, and others, are largely responsible…
According to SPER Market Research, As a result of lack of technological advancements, the nation relied on outdated methods like stationary car washing and bucket vehicle washing. During this period, more people were seen driving and idly waiting in queues for car washes. The market for vehicle washing and auto maintenance services is dominated by substantial percentages of individual, disorganized, and car wash enterprises. These companies squander a lot of water because they use so much of it. The nation’s car wash and car care sector grew as a result of the creation of numerous online mobile app aggregators that…
The growing requirement for cost-efficient and speedier delivery services along with the increasing e-commerce segment has increased market growth. In addition, speedy technological advancements and a robust startup ecosystem in the robotics space are projected to propel the market growth over the review duration. Further, the advancement of aerial delivery drones that function smoothly in geographically challenging fields followed by its consideration to be an efficient means to carry packages is predicted to generate different opportunities for the expansion of the robotic last-mile delivery market. Nonetheless, the aspects such as the increment in demand for the fast delivery of packages…
Data security concerns are among the topmost trends due to the data generated by Bring Your Own Device (BYOD) and the Internet of Things (IoT) among organizations. The growth of the global market is commonly propelled by an augment in cyberattacks, theft and losses, and data breaches in companies. Banks and financial companies are majorly exposed to security breaches owing to the great data introduced by digital channels and the shortage of data security solutions. For instance, during December 2019, the State Bank of India (SBI), India’s greatest bank’s servers were exposed to malware activities that exposed the data of…