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News on Medial
India’s flex workspace market set to grow to $9 billion by 2028: report
Thehindubusinessline
·
1y ago
Medial
India's flex workspace segment is forecasted to grow to around 126 million square feet by 2028, with a market size of approximately $9 billion. The sector is expected to grow at a compound annual growth rate of 15% over the next five years, attracting various categories of investors. The adoption of flex workspaces is driven by the customization and cost-saving benefits it offers to businesses. The report also highlights the potential challenge for operators in securing quality real estate supply in central business districts.
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Executive Centre is said to seek Rs 2,600 crore for India IPO
Economic Times
·
24d ago
Medial
The Executive Centre plans to raise 26 billion rupees ($303 million) through an IPO in Mumbai to meet India's growing workspace demand. They've hired Kotak Mahindra Capital Co. and ICICI Securities Ltd. for the listing, with draft documents to be filed soon. This move follows similar plans by Wework India and others, as India's flexible workspace market is projected to grow by 15% to $9 billion by 2028. The company manages workspaces across Asia and beyond for 51,000 customers.
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Video market in India ranks 3rd largest in Apac, growing fastest to reach $17 bn by 2028
Money Control
·
1y ago
Medial
According to an analysis by Media Partners Asia Research (MPA), the video market in India is valued at $13 billion, making it the third-largest in the Asia Pacific region. The report predicts that the Indian video market will continue to grow at a rate of 5.6% and reach a valuation of $17 billion by 2028. China remains the largest video market in the region, generating $64 billion in revenue, followed by Japan at $32 billion. The total Asia Pacific video industry revenue is expected to reach $165 billion by 2028.
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Indian SaaS products to corner 8% global market share by 2028: report
Economic Times
·
1y ago
Medial
According to a report by 1Lattice and Sorin Investments, Indian SaaS startups are predicted to capture 8% of the global market share by 2028. Currently, Indian SaaS products hold a 6% share of the global market. The report also forecasts the Indian SaaS market to reach $37 billion by 2028. However, the article notes that the next 2% gain in global market share may take up to four years to achieve. Additionally, the focus of Indian SaaS companies has shifted towards efficiency and content-based marketing approaches.
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India beauty and personal care market to touch $34 billion by 2028: report
Economic Times
·
11m ago
Medial
The Indian beauty and personal care (BPC) market is set to reach $34 billion by 2028, driven by increasing online penetration and a preference for premium beauty products. The online channel is expected to grow at a CAGR of 25%, while the offline channel will grow at 14%. Nykaa, a major player in the market, plans to reduce delivery timelines and expand its hyperlocal capability. Rising discretionary spending and higher incomes among Indian consumers are driving the demand for premium beauty products. Non-metro cities present significant opportunities for brands, with a higher growth potential compared to metros. Influencer marketing spend in India is projected to grow at a CAGR of 40-45%.
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Food services sector may grow at 8% CAGR in 2024-28: NRAI report
Economic Times
·
1y ago
Medial
A report by the National Restaurant Association of India (NRAI) projects a compound annual growth rate of 8.1% for the food services sector from 2024 to 2028. The industry is estimated to be worth Rs 5.7 lakh crore in FY24 and is expected to grow to Rs 7.8 lakh crore by FY28. The report also highlights an increase in the frequency of eating out, with consumers dining out an average of 3.7 times per month and ordering food 4.2 times per month. The industry is the second-largest employer in India and is expected to grow by over 20% by 2028.
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India’s Semiconductor Revolution: Seizing A Trillion-Dollar Opportunity By 2030
Inc42
·
9m ago
Medial
The semiconductor market in India is projected to grow from its current value of $23.2 billion to $80.3 billion by 2028. The government has introduced the 2020 Semiconductor Policy to reduce dependency on imports and boost domestic semiconductor design and manufacturing. The cost of establishing a chip fabrication plant in India is estimated to range from $5 to $7 billion.
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India’s healthtech companies could generate $37 billion revenue by 2030: report
Economic Times
·
1y ago
Medial
India's digital healthcare market has the potential to generate $37 billion in revenue by 2030, according to a joint report by Boston Consulting Group and B Capital. In 2022, the sector contributed $2.7 billion, representing 1-2% of the country's overall healthcare market. This is projected to grow to 7-8% by 2030. The digital healthcare market is divided into six sub-sectors, with epharmacy leading in revenue at $1.1 billion, expected to grow to $12 billion with 12-15% market penetration by 2030. The report highlights the role of technology in changing consumer behavior, emphasizing the need for a multi-channel approach in the healthcare industry.
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It’s Goliath vs David as pharma giants take on skincare brands and influencers
Livemint
·
23d ago
Medial
India's pharmaceutical giants like Cipla, Glenmark, and Emcure are entering the skincare market, leveraging science-backed products to challenge beauty brands. As consumers increasingly seek effective solutions, these companies offer cosmoceuticals, bridging cosmetics and pharmaceuticals. However, they currently make up a small fraction of the $21 billion beauty market, expected to grow to $34 billion by 2028. Despite cluttered competition, the demand for clinically proven and dermatologist-endorsed products is rising.
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Online lifestyle market to more than double to $40-45 billion by 2028: report
Economic Times
·
1y ago
Medial
India's online lifestyle market is projected to reach $40-45 billion by 2028, compared to its current size of $16-17 billion. The online penetration in the overall lifestyle market is set to increase from 13% to 18-22% by 2028. The growth will be fueled by expansion in tier 2 towns and beyond. Gen Z shoppers are driving the market with their frequent online purchases and preference for insurgent brands. Additionally, India is becoming a key market for global brands, with 90% of the top 50 brands already present in the country. An omnichannel approach combining online and offline channels will be crucial for further growth.
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Online food delivery market to grow 18% on-year to Rs 2 lakh crore by 2030: Bain-Swiggy report
Economic Times
·
1y ago
Medial
According to a report by Bain & Company and Swiggy, the online food delivery segment is predicted to grow at 18% annually over the next seven years. Market penetration is expected to increase from 12% to 20% by 2030. The report also forecasts that India's food services market will expand to Rs 9-10 lakh crore by 2030. Convenience-led formats like QSRs and cloud kitchens are projected to outpace the broader food services market in terms of growth. The report highlights higher incomes, digitisation, improved customer experiences, and an inclination for new experiences as factors contributing to this growth.
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