SIDBI Partners With SVC Bank for Empowering MSMEs

The MoU signed will enable SVC Bank to tap into SIDBI’s Refinance facility to facilitate credit flow to MSME clients

SVC Bank becomes the first Urban Co-operative Bank to initiate a unique refinancing partnership with SIDBI

SVC Co-operative Bank Ltd. (SVC Bank), one of India’s leading co-operative bank and Small Industries Development Bank in India (SIDBI), country’s apex financial institution for micro, small and medium enterprises (MSMEs), today announced entering into a partnership through an Agreement.

The Agreement was signed by Shri Ashish Singhal, MD, SVC Bank and Shri Sanjeev Gupta, GM, SIDBI in Mumbai on July 28, 2022. As per the agreement, SIDBI will extend Refinance facility to SVC Bank to facilitate an improved flow of credit to MSMEs.

Commenting on the occasion, Mr. Ashish Singhal, Managing Director, SVC Bank, said, “MSME sector is the backbone of the Indian economy in terms of exports, employment creation and revenue to exchequers. SVC Bank has been supporting the MSMEs as a trusted partner for more than 115 years. We believe that access to affordable capital will prove to be a shot in the arm for the sector. In line with the Government of India’s vision of an Aatmanirbhar Bharat, SIDBI has proven to be the driving force for resolving the issues relating to MSMEs. We are proud to partner with SIDBI as the first UCB to participate in their vision of empowering the MSMEs.”

SIDBI is the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small, and Medium Enterprise (MSME) sector as well as for coordination of functions of institutions engaged in similar activities, has recently decided to extend refinance assistance to eligible scheduled Urban Co-operative Banks (UCBs) and Regional Rural Banks (RRBs). This is the first such agreement executed with a UCB. SIDBI will sign more such Agreements with other UCBs and RRBs across various States.

Speaking on the agreement, Shri Sanjeev Gupta, General Manager, SIDBI, said, “We consistently work towards offering an empowered ecosystem to the Indian MSMEs. Towards this, we have now extended our partnership with various Scheduled Commercial Banks, SFBs and NBFCs to an urban co-operative bank. The focus is on aligning with the leaders across all segments, which can boost economic participation and upscale of India’s most promising aspirational powerhouses termed as MSMEs. We are elated to partner with SVC Bank. Being a century-plus young bank, SVC has demonstrated success in empowering communities. We will, in time, expand our refinance services to other banks as well.”

Set up in 1906, SVC Bank has contributed significantly to the development of the cooperative movement in India for over a century. Today, the Bank is one of the oldest and most recognized names in the country’s co-operative Banking space and remains the country’s only multi-state scheduled Bank with a presence across 11 states – Maharashtra, Karnataka, Goa, Gujrat, Rajasthan, Delhi, Haryana, Madhya Pradesh, Andhra Pradesh, Telangana, Tamil Nadu. With a total business of INR 29,659.53 crore and a Net Profit of INR 150.21 crore (FY 20-21), it has proven its robust and strong fundamentals. Headquartered in Mumbai, the Bank has a vast spread of 198 branches, 214 ATMs and has an employee strength of over 2300. The Bank offers the entire gamut of services across Retail Banking, Corporate Banking and International Banking. SVC Bank was recently awarded for its 100+ years of service at the hands of Hon’ble Union Minister of Home Affairs and Cooperation – Shri Amitbhai Shah. It has also been acknowledged with many prestigious awards, like ‘Data Centers Award’ & ‘Enterprise Security Award’ at Express BFSI Technology Awards 2022, Award for Outstanding Response to Covid-19 at Co-operative Banks Ingenious Leadership Summit and Technology Awards 2022, and Best BFSI Brand Award 2021 at The Economic Times Best BFSI Brands. The Bank was among the first few co-operative banks in the country to get the Authorized Dealer Category I License (Independent Forex Operations) from RBI, in December 2007. In July 2008, it launched its International Banking Division, which today handles more than Rs. 3,000 crore forex business.

Since its formation in 1990, SIDBI has been impacting the lives of citizens across various strata of society through its integrated, innovative and inclusive approach. Be it traditional, domestic small entrepreneurs, bottom-of-the-pyramid entrepreneurs, to high-end knowledge-based entrepreneurs, SIDBI has directly or indirectly touched the lives of Micro and Small Enterprises (MSEs) through various credit and developmental engagements. SIDBI 2.0 carries the vision of inclusive, innovative and impact-oriented engagements.

To know more, check out: https://www.sidbi.in

Sparsh Hospital Introduces Robotic-Arm Assisted Surgery for Joint Replacement

Dr. Ashwath Narayan CN, Minister of Higher Education, IT & BT, Govt of Karnataka. unveils Mako Robotic-Arm Assisted Surgery for Joint Replacement

SPARSH introduces Mako Robotic-Arm Assisted Surgery for Joint Replacement along with many other tech and digital transformation initiatives. 

In the endeavour to redefine healthcare and offer the most advanced treatment options for patients, SPARSH Group of Hospitals has unveiled a series of initiatives as a part of its technology adoption and digital transformation journey. 

SPARSH Robot (L to R) Dr Sharan, Dr Ashwath (IT BT Minister) and Dr Gurava Reddy

SPARSH has introduced five key healthcare technologies that comprises the following

• Mako: A Robotic Arm used for Joint Replacement Surgeries that enables surgeons to deliver more predictable surgical outcomes with increased accuracy.
• 3D Printing Technology: The future of high accuracy surgery and customised implants is a game changer in surgical intervention.
• O-arm and StealthStation S8: A high-precision surgical imaging and navigation system for brain surgeries: The O-arm System provides high-quality 2D and 3D images which are automatically synced to the StealthStation S8 Navigation system. Using these high-definition intraoperative scans, the StealthStation S8 navigation system allows surgeons to visualise the patient's anatomy in 3D and localise instruments and implants throughout the procedure. 
• Kinevo 900 - 3D Microscope: The Kinevo 900 is a robotic visualisation system that offers a unique micro-inspection tool and surgeon-controlled robotics. 
• SPARSH patient portal app: An integrated patient app to store all patient information, services, reports, and test results. Patients can also schedule virtual doctor consultations, download e-prescription and make payments through a wallet available within the app. 

SPARSH Mako Robot in the background (L to R) Dr Ashwath Narayan and Dr Sharan Shivaraj Patil

Commenting on the new initiatives, Dr. Sharan Shivaraj Patil, Chairman, SPARSH Hospital, said, “At SPARSH, we have been early adopters of cutting-edge technology that can offer precision, faster recovery, and better experience for our patients. We believe that technology-assisted procedures unquestionably offer more precision and accuracy as compared to conventional manual surgeries. The expertise and acumen of our clinicians, coupled with the finesse and meticulousness offered by smart tech tools will allow us to offer the highest quality of care to our patients. We will continue to introduce many more such initiatives that have the potential to reinvent healthcare” 

Over the last decade,technologies such as advanced imaging, robotics, and artificial intelligence have played a key role in enhancing the standard of care and making surgical science more precise.  The concept of technology-enabled hospitals is slowly becoming an essential part of improving patient experience and elevating the quality of care, resulting in faster recovery and better outcomes.  SPARSH has been an early adopter of many of these technologies that have helped redefine the quality of care and offer high-precision surgical procedures.

The newly introduced Mako Robotic-Arm Assisted Technology allows surgeons to reproduce precise bone cuts for patients, every single time, first on a virtual 3D model and then in the operation theatre. In case of a knee or hip surgery, Mako System’s software helps create a 3D model of the diseased joint based on the patient’s CT scan. The software then allows creating a personalized virtual surgical plan for each patient, based on their specific disease condition. This planning, done even before entering the operation theatre, helps in deciding the most accurate bone cuts and alignment of implants. The technology, with its insightful data analytics, allows the surgeon to modify the plan during the surgery if required. And once the plan is locked, the Mako System assists the surgeon in executing the bone cuts in the operation theatre.  Mako SmartRoboticsTM platform has shown, through published clinical studies, that patients experienced improved early function, lower pain, less postoperative pain, less need for analgesics, and fewer physiotherapy sessions compared to manual surgery for Total Knee surgery.

Dr. Ashwath Narayan CN, Minister of Higher Education, IT & BT, Govt of Karnataka, said, “As the IT capital of the country, Bengaluru has been a leader in introducing and implementing technology-driven solutions that have transformed people’s lives. In the field of healthcare, technology has the potential to improve care quality and create easier accessibility. I would like to congratulate Dr. Sharan and his team for implementing these solutions. We need more initiatives like this that can help Bengaluru become a sought-after destination for advanced medical procedures” 

Bengaluru’s 1st Sustainable Road Made with over 3,000 KG of Recycled Plastic

Representational

Bengaluru’s First Sustainable Road Made with over 3,000 KG of Recycled Plastic Built in the City’s IT Hotspot

The initiative by Brookfield Properties will reduce travel time between Ecoworld and Outer Ring Road by 65%, positively impacting over 1,00,000 users

Brookfield Properties revamps the roundabout connecting Ecoworld Central Avenue and the Outer Ring Road (ORR) by constructing the Bengaluru’s most sustainable roadway using 3000KG of recycled plastic. The initiative is part of a larger infrastructural upgrade plan for the area led by Brookfield Properties in partnership with IBI - A Canada based architecture, engineering, planning, and technology firm, BBMP - Bruhat Bengaluru Mahanagara Palike and Bengaluru Traffic Police.

The new road is built using a first-of-its-kind solution 'GridMats,' a patented method for building roads and pavements made entirely of recycled plastic waste. This approach consumes 30% less water, 74% less carbon footprint and is 20%-25% cheaper than traditional concrete roads. The project has been executed by PotHoleRaja, an organization specializing in building sustainable roads from recycled plastic.This road upgrade has resulted in a 65% reduction in travel time.

Acquired in 2020,Ecoworld is a marquee asset in Brookfield Properties’ India portfolio and is South Asia’s first True zero-waste Commercial Office Campus, offering over 7.7 million square feet of leasable area with a strong tenant roster of leading multinational companies. The project hosts over 77,000 employees and houses over 2,500 residential units generating approximately 1,00,000 footfalls daily.

Expressing his views on the overall initiative, Mr. Shantanu Chakraborty, Executive Vice President & Regional Head of South India, and Brookfield Properties said, " At Brookfield Properties, we care for our communities. This revamp will ease the commute on Ecoworld Road resulting in a reduction in travel time. Made using the grid mat technology deploying 100% recyclable plastic waste, also ensures that the road is sustainable. With this infrastructure upgrade, employees working at Ecoworld, residents and employees of nearby business parks will spend less time commuting and will further help in reducing the carbon footprint.”

Adding to it Mr. Sourabh Kumar, Director, PotHoleRaja said, "With PotholeRaja GridMats, the intent is to use plastic waste to make long-lasting and sustainable roads/pavements. Unlike traditional roads, we do not use steel reinforcements. The thickness of our pavements is 5 times lesser than traditional concrete roads, use almost 80% lesser concrete and emit 80% lesser carbon. I am glad that we got an opportunity to work with Brookfield Properties on one of the most demanding road stretches helping decongest the traffic”.

"With the revamping of the under the bridge at the Ecoworld Junction, the traffic build-up has reduced significantly also easing the pressure on traffic management authorities. We are thankful to Brookfield Properties for spearheading this initiative for the community”, said Shri. Thippeswamy, Asst. Commissioner of Police (Traffic), K R Puram. 

As a socially responsible organization, with initiatives that promote sustainability across its value chain, Brookfield Properties aims to deliver on its sustainability goals and reach its Net Zero commitment by 2050 or sooner.

About Brookfield Properties:

Brookfield Properties is a leading global developer and operator of high-quality real estate assets. The company is active in nearly all real estate sectors, including office, retail, multifamily, hospitality and logistics, operating more than 800 properties and over 390 million square feet of real estate in gateway markets on behalf of Brookfield Asset Management, one of the largest asset managers in the world. With a focus on sustainability, a commitment to excellence and the drive for relentless innovation in the planning, development and management of buildings and their surroundings, Brookfield Properties is reimagining real estate from the ground up.

In India, Brookfield Properties manages 50 million sq. ft. of high-quality assets in some of the key gateway markets, 37 million sq. ft. of this is already operational. It Includes Candor TechSpace in Gurugram, Noida and Kolkata, Powai Business District, Waterstones, and Equinox in Mumbai and recently acquired office campuses in Southern India and CoWrks, the Co-working and Flexi office business across India.

Portea To Raise About ₹ 1000 Cr through IPO

Healthvista India Limited has filed papers with markets regulator Sebi to raise about Rs 1,000 crore through an initial public offering IPO, according to financial data accessed by business intelligence platform, Tofler.

The company is an out-of-hospital healthcare provider popularly known by the brand name Portea.

Established in the year 2013, Healthvista India Pvt Ltd is operating all its business activities from its office based at Bengaluru.

According to financial data accessed by business intelligence platform, Tofler, the Operating Revenue of the company in FY21 was Rs. 82 crore.

In September last year, Portea got commitment for $7 mn loan guaranty facility from United States International Development Finance Corporation (DFC).

With presence in 24 cities, Portea offers home visits from physiotherapists, nursing attendants, nurses and doctors. In addition, Portea also provides collection of lab samples from patients’ homes and medical equipment on hire, bringing the entire gamut of healthcare services to a patient’s doorstep.

The healthcare industry in India is expected to grow at a CAGR of 20.5 per cent from 2020 to reach $870 billion by 2027.

MarcumBP Expands to Southeast Asia with New Office in Singapore’s Marina Bay Financial Centre

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Business Wire India

MarcumBP (MBP) announced the opening of its new office in Singapore. The office will support its growing practice of clients from Southeast Asia seeking to access global capital markets through an Initial Public Offering (IPO) or Special Purpose Acquisition Company (SPAC) merger. Concurrently, MBP maintains its 20 year leadership position in the China market.

 

The office is located in the Marina Bay Financial Centre – home to some of the world’s most notable financial services companies – at 8 Marina View, Asia Square Tower 1, #07-05 Singapore 018960, in Singapore’s Downtown Core.

 

The firm’s expansion into Singapore is driven by the high demand for dedicated audit and advisory services for Asia-based businesses. MBP is the only audit firm with a dedicated SPAC team for Asia.

 

“MBP is uniquely positioned to support companies from Southeast Asia that are seeking a pathway to the U.S. capital markets," said Drew Bernstein, co-chair of MarcumBP. “The Southeast Asia region is becoming a financial hub for Asia with a strong pipeline of venture capital and private equity-backed innovative companies.”

 

“As these emerging ‘unicorns’ consider how to sustain their growth, many are looking to the U.S. markets to optimize their valuations and gain ongoing access to deep liquidity pools. MBP offers an integrated 'one-firm solution’ to provide audits that are U.S. GAAP and PCAOB-compliant, backed by a team with high-level technical proficiency and extensive experience in the region.”

 

MBP Managing Director Pearl Peng has relocated from Hong Kong to Singapore to support the expansion of MBP's Asia footprint. Peng leads the firm’s capital markets business in Asia.

 

MBP performs all Greater China audits for Marcum LLP. In Southeast Asia, MBP serves as the independent public accounting firm for companies listing in the U.S. through an IPO or merger with a U.S.-listed SPAC, and offers non-audit consulting services for SPAC managers and operating companies listing on the Singapore or Hong Kong Stock Exchanges.

 

“With our strong base of experience auditing Chinese issuers listed in the U.S. market, MBP has expanded our client roster to include Indonesia, Singapore, Malaysia, and other Southeast Asia countries,” said Neil Pinchuk, co-chair of MarcumBP. “We continue to see strong demand for our services in China as companies navigate an evolving regulatory environment and need to sustain the confidence of international investors. As we advance this expansion, MBP seeks to set the standard for responsiveness and audit quality in the region.”

 

About MarcumBP

 

Marcum Bernstein & Pinchuk LLP (MBP) is an independent public accounting firm with a focus on cross-border services for public and private companies. The firm is one of the leading audit and assurance service providers to Chinese companies in the U.S. stock markets. MBP is the only audit firm with a dedicated SPAC team for Asia. The firm has designed its audit platform to deliver the technical acumen, efficiency, and urgency required by SPAC IPOs. MBP is headquartered in New York City with offices in major cities in China, including Beijing, Tianjin, Shanghai, Guangzhou, Hangzhou as well as in Singapore.

 

Learn more at www.marcumbp.com.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220727005283/en/

Meme Community App MemeChat Enhances Content Monetisation, Launches Instant Withdrawal

Empowering the meme community worldwide, MemeChat (MC), the country’s only meme community social media app has introduced instant monetization for its creators. Being the first ever brand to introduce instant withdrawal, a meme creator can withdraw Rs 1000 unlimited times in a single day.

As per the report, India, with 700-750 million users, has the world’s second-largest and fastest-growing Internet user base. Indians, on average, spend 38 minutes per day watching short-form content. However, the withdrawal option provided by mobile applications via IMPS or NEFT is a gestation period of around 3-7 days.

The instant withdrawal feature by MC can be accessed through the updated reward section which will provide access to movie tickets, giveaways, scratch cards, and brand vouchers which a creator will achieve by completing various tasks.

Speaking on the development, Kyle Fernandes, CEO and Co-Founder MemeChat said, “Our aim is to help the creator ecosystem realise the economic value of their community. We are driven to build an ecosystem that is both economically sustainable and progressive. Such initiatives will help enable creation and experimentation; acknowledging and reward performance and connect creators with economic opportunities like branded content. This is how talent across India will become visible to audiences nationally.”

Over the last three years, MemeChat has successfully built one of the largest meme communities in the country. With over 12 million+ downloads and over 30 million memes generated on the application, MemeChat continuously innovates to stay true to the motto of - Make Memes Earn Money. In addition to the feature of instant withdrawal, MC also empowers the ever-growing meme creator community by monetizing memes on The Meme Club - An NFT Marketplace.

About MemeChat:

MemeChat is an application that was launched in 2019. MemeChat has emerged as one of the most popular homegrown social media networking apps for Generation Z and millennials. The app gathered a dedicated following in just a year with more than 1.2 million monthly active users (current user base of 12 million+ Downloads) and over 30 million memes.

MemeChat has officially worked with top Indian OTT platforms like Hotstar, Amazon Prime Video, Moj, Sharechat, EaseMyTrip, McDonald's, India Terrain, Slice, MediBuddy, PVR, NiyoX, MxPlayer, Paytm, Netflix, Zee5, and Codashop, creating their user-generated memes.

MemeChat recently secured more than USD 1 million in its second round of funding led by Beenext, a Singapore-based venture capital firm., became the only Indian startup to be included in the '500 Startups, one of the most active global venture capital firms’, a distinguished accelerator program for its 27th batch in 2020. The company recently launched India’s 1st exclusive NFT Marketplace for Memes called The Meme Club.

Udemy Improves Lives Through Learning, Delivering Equitable Skills Education to Lift Learners and Communities

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Business Wire India
Udemy, a leading destination for learning and teaching online, today announced the publication of its inaugural “ESG Impact Report: Improving Lives Through Learning.” The report highlights Udemy’s positive societal impact since its founding in 2010, specifically spotlighting the advancement opportunities that online education enabled during the economic uncertainty of the COVID-19 pandemic, and the company’s continued work to help individuals, communities and organizations globally gain marketable skills for future success. As of May 2022, 52 million learners and 68,000 instructors are part of the Udemy online education marketplace.

“Access to high-quality education lifts individuals, and in turn, lifts businesses, communities, and societies,” said CEO Gregg Coccari. “During a time of intensifying market volatility and increasing inequality around the globe, we're proud that our platform enables real-world experts from across the world to improve their own lives by teaching online while also improving outcomes for individuals and organizations everywhere.”

Udemy’s impact strategy aligns with the UN Sustainable Development Goals (UN SDGs) and is focused on three key pillars: 

 

• Providing Quality Education: Udemy is committed to improving the lives of people around the world with equitable access to learning opportunities and continued investment in supporting lifelong learners at home and at work. 
• Advancing Talent, Global Expertise, and Economic Opportunity: Udemy helps organizations of all kinds prepare for the ever-evolving future of work by providing employers the power to develop in-house expertise and to satisfy employees’ hunger for learning and development. 
• Catalysing Diversity and Inclusivity: Udemy provides a platform for upskilling and pursuing learning paths that unlock career opportunities regardless of prior formal education or geography. 

Highlights of Udemy’s ESG efforts featured in the report include:

 

• As of Q4 2021, empowered more than 49 million people around the world to advance their own skills using the platform. 
• Expanded digital learning opportunities across global borders with almost 80 percent of learners located outside the U.S. who have access to more than 185,000 courses in over 75 languages that can be purchased using 28 currencies.
• Added 4.4 million new students internationally across 187 countries – a 38 percent increase in 2021 alone. 
• Enabled more than 64,000 instructors – a 14 percent increase from 2020 – to offer their expertise to individuals and organisations around the globe. In total, Udemy instructors earned $177 million, helping them to support themselves, their families, and their communities.
• Saw an almost 80 percent increase in Udemy Business learners in 2021 alone as more organizations built cultures of learning at work.
• Offering more than 19,000 free courses and enabling instructors to distribute millions of coupons globally, encouraging individuals to try their courses for free with the result that over 10% of the usage on the company's platform is for free. 
• Served over 200 non-profit customers who consumed over 58,000 hours of learning – a 230% increase in hours consumed in 2021, when compared to 2020. 
• In response to the COVID-19 pandemic, launched the Udemy Free Resource Center offering over 700 free courses ranging in topics from essential tech skills to personal growth and wellness. Generating 4.6 million enrollments with 883,000 hours of educational content consumed.

 
In addition to aligning with the UN SDGs, the report was developed with guidance from the Sustainability Accounting Standard Board (SASB), a global framework for sustainability reporting.
 
Udemy has been recognized as a leader in ESG and sustainability by influential third parties including Sustainalytics, Great Place to Work and Fortune. To learn more about Udemy’s ESG practices, visit https://about.udemy.com/esg-at-udemy/.

SaaS Platform Roadcast Secures $ 2 Mn Funding from Jubilant FoodWorks

Roadcast, an end-to-end supply chain management solutions provider closed its latest round of funding with an investment of USD 2 million by Jubilant FoodWorks.

Founded in 2015 by Vishal Jain, Anshul Jain, and Rahul Mehra, the Delhi-based SaaS company is a technology provider for logistics enterprises. Being an industry agnostic company, Roadcast helps businesses across industries by providing them with a robust, scalable and cost-effective solution to automate operations. The company has a strong presence not only in India but also overseas. It caters to clients in Qatar, Oman, UAE, Saudi Arabia, UK et al. With a strong team of 65, the company caters to both incumbent and promising startups.

With the same leadership at the helm, Roadcast will focus on global expansion and hiring the relevant talent to build the right framework for expansion and growth. Money will also go towards investing in AI and analytics advancements to further the logistics vertical. “We are thrilled with the faith that Jubilant FoodWorks has shown in the company. We believe logistics is one of the fastest-growing sectors globally. With the right support we can ace and innovate the technological advancements in the sector thus, helping commerce all over the world.”, shared Vishal Jain, Co Founder, Roadcast

About Roadcast Tech Solutions:

Roadcast, an end-to-end supply chain management solutions provider, was found in 2015. Vishal Jain, Anshul Jain, and Rahul Mehra started this Delhi-based SaaS company as a technology provider for logistics enterprises. Roadcast’s technology can be applied to businesses offering food delivery, logistics & transportation, electric mobility, and courier & parcel delivery. Roadcast is one of the only technology enterprises that provides a highly comprehensive platform that combines the power of IoT for vehicle tracking and a seamlessly connected driver application for delivery uberization.

Roadcast’s technology has been implemented at the intersection of 3 major global investment verticals, last-mile hyperlocal delivery, vehicle fleet management, and e-commerce logistics. In over 7 years of operation, Roadcast has already build a highly scalable and affordable solution by aiding businesses in delivery management of over 40,000 drivers and fleet connectivity of over 1,50,000 vehicles 300 enterprises across 50 cities and 7 countries including UAE, UK, Qatar, Oman, Sri Lanka, and Indonesia.

Roadcast helps delivery based businesses by providing them with a robust, scalable and cost-effective solution to automate operations. It’s Delivery and Order Management Software offers enterprises a reliable platform with information such as pick-up & delivery scheduling, image recognition, auto-route optimization, audio/video surveillance, distance to recipient, estimated time of arrival and more. With everything that Roadcast offers, customers build fast growing delivery teams that can be remotely managed along with cost optimisation across various work-flows.

Their clients range from Udaan, Gro Fleet, Bylane Logistic, Netlink, Hero Lectro, Zyngo, and Foodak among others while the future holds more potential engagements with companies like , SkyEx, PDS Logistics, Xpress Bees, and Jumbotail. Roadcast plans to expand rapidly across North America, Europe, and Africa, targeting delivery aggregators and logistics service providers.

Here’s How To Navigate IPO Effectively Through Public Listing

Initial public offerings (IPO) are increasingly being leveraged by new-age entrepreneurs and a more aware public as a must have tool. But today the focus has shifted a bit, rather than trying to capitalize on a stock's initial bounce, they are more inclined to carefully scrutinize its long-term prospects.

Participating in an IPO

An IPO is a medium that gives the public an opportunity to own and participate in the growth of a formerly private company. The general public can invest in two ways in a new public company -

First, by virtue of being a client of an underwriter involved in the IPO, they can help you in purchasing the shares at the offering price. With this, you can increase the chances of directly buying most of the shares in the popular IPOs, such as mutual funds, hedge funds, pension funds, insurance companies and high net-worth individuals.

Sidhavelayutham M, CEO & Founder, Alice Blue

The other way is well suited to individual investors, in this they purchase the shares when they are resold in the public market in the days following the IPO. To buy shares in this way, an investor could submit an order to their broker.

However, knowing how to navigate the IPO world is equally important, so below are some of the tips that an investor should consider -

Read the prospectus

The prospectus is filed by a company with SEBI and briefly summarizes all the information including the company’s business, strategy, plans for using the funds raised in the IPO, financial condition, and terms of the IPO itself. It's a blueprint of how the company wants to use the public money that will be raised, and what are the possible risks for investors. Thus, before investing in the IPO investors must go through this document.

Pick a company with strong brokers and analyze risk factors

One thing to keep in mind before investing in an IPO is that big names on the list don't always mean big returns. Instead, go for companies that have strong underwriters as while selecting smaller brokerages, there are more chances that they may be willing to underwrite any company. It is also beneficial to identify the risks that can significantly impact the company’s business, operations or performance, or an investment in the securities being offered.

Know the Business

One should know the company’s lines of business, its principal products or services and their markets, any significant suppliers and customers on whom the company’s business depends, and its competitive landscape and principal methods of competition, among other matters. As understanding the magnitude of the opportunity and the company's work know-how can make a whole lot of difference when it comes to growth and shareholder returns. And if companies are hesitant to show all these activities then investors should steer clear from buying their IPO.

Market overhang or Await Lock-Up Period To End

In the lock-in period, investors are restricted from receiving or selling their investments; however, once the period is over they are allowed to sell their investments. Additionally, when the lock-up agreements expire, a large number of shares become available for sale all at once at a much lower price which allows early investors to sell their shares which they weren’t able to do earlier.

The Bottom Line

Globally, when IPO values are nosediving, India’s IPO market is still standing firm and is continuing to offer an exciting option for investors looking to enter the market. Big names like Paytm, Bajaj Energy, Nykaa and LIC are already a big hit in the sector. So if you’re interested in the exciting potential that the IPOs are offering then keep in mind that investors who put their fingers on the pulse are likely to see their holdings perform much better than those who are ill-informed and unaware.

When it comes to buying IPOs, investors should have a clear horizon. They should be aware whether they are investing in a quick profit on a listing day or want to hold the shares for longer. Additionally, investors should prefer a more diversified, lower risk approach to funds that offer exposure to IPOs and diversify their holdings by investing in hundreds of IPO companies.

Sometimes IPOs can present great opportunities to buy a share at a bare minimum price that one can call a steal, so if investors ever come across such an opportunity they should surely make use of that. However, investors should make a decision depending on how much risk they can take and if it is in sync with their financial goals.

(The author of the article is Sidhavelayutham M, CEO & Founder, Alice Blue)

Terralogic Announces the Acquisition of Codebele, a Bellari-Based Software Development Firm

Business Wire India

Terralogic Software Solutions, a global leader in cybersecurity, IT, and software services, has announced the acquisition of Codebele, a Bellari-based software development company. This is a very strategic acquisition for Terralogic to increase their software development services, and they've deemed that Codehive IT Solutions (Codebele) is the ideal firm to partner with as they expand and grow.

Manoj Reddy founded Codebele in 2012. In just ten years, Codebele saw tremendous growth and collaborated with significant clients including Myntra, EY, Hexaware, and Kotak Life. Codebele, situated in Bellari, Karnataka, specializes in all aspects of application development, including website and mobile app development, frontend and backend programming, and cloud-based apps. They presently work with over 100 clients, have completed over 200 projects, and have shown constant revenue growth every year.
 
“Tier 2 cities have the same, if not more, potential than Tier 1 cities, with less traffic, costs, and other urban problems. Our objective with Codebele is to highlight the existence of Bellari as a premier center for a development firm,” this was cited by the founder of Codebele, Manoj Reddy. He further added, “We want Codebele to have a worldwide presence and offer top-notch services to businesses not just in India but all around the world. By the end of the year, we expect to have a strong growth rate and a significant global footprint, proving that even Tier 2 cities can prosper when they have a truly competent workforce. We're certain that we will be able to achieve this with Terralogic."
 
“Codebele brings in an excellent talent pool in Bellari city, and Terralogic is looking at expanding our footprint in tier 2 cities to get the best digital transformation talent. Manoj has built a great team specializing in application development and his team of engineers will be focusing on empowering mid-sized businesses to go digital!” said Renil Komitla, CEO, of Terralogic.

Terralogic Announces the Acquisition of Codebele, a Bellari-Based Software Development Firm

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Business Wire India

Terralogic Software Solutions, a global leader in cybersecurity, IT, and software services, has announced the acquisition of Codebele, a Bellari-based software development company. This is a very strategic acquisition for Terralogic to increase their software development services, and they've deemed that Codehive IT Solutions (Codebele) is the ideal firm to partner with as they expand and grow.

Manoj Reddy founded Codebele in 2012. In just ten years, Codebele saw tremendous growth and collaborated with significant clients including Myntra, EY, Hexaware, and Kotak Life. Codebele, situated in Bellari, Karnataka, specializes in all aspects of application development, including website and mobile app development, frontend and backend programming, and cloud-based apps. They presently work with over 100 clients, have completed over 200 projects, and have shown constant revenue growth every year.
 
“Tier 2 cities have the same, if not more, potential than Tier 1 cities, with less traffic, costs, and other urban problems. Our objective with Codebele is to highlight the existence of Bellari as a premier center for a development firm,” this was cited by the founder of Codebele, Manoj Reddy. He further added, “We want Codebele to have a worldwide presence and offer top-notch services to businesses not just in India but all around the world. By the end of the year, we expect to have a strong growth rate and a significant global footprint, proving that even Tier 2 cities can prosper when they have a truly competent workforce. We're certain that we will be able to achieve this with Terralogic."
 
“Codebele brings in an excellent talent pool in Bellari city, and Terralogic is looking at expanding our footprint in tier 2 cities to get the best digital transformation talent. Manoj has built a great team specializing in application development and his team of engineers will be focusing on empowering mid-sized businesses to go digital!” said Renil Komitla, CEO, of Terralogic.

9 New-age Travel Tech Startups Trailblazing Rejuvenate the Travel Industry

The way we work, shop, dine, and spend our free time has all been impacted by technology. The travel sector has profited from ongoing technology improvements as well. Today, we can plan full trips by making reservations for hotels, flights, sightseeing excursions, and other activities on our smartphones.Today, travel is a necessity for living our way of life. The global travel technology glory days bay market predicts that it will cross the $12 billion threshold by 2026, increasing at an anticipated CAGR of more than 7.7 percent from 2021 to 2026.

The advantages of travel inspired several great minds to start a business in the travel sector. Due to the advent of contemporary travel start-ups and shifting consumer preferences, the market is anticipated to reach $9 billion by 2025. Travel entrepreneurs are helping customers create customized travel itineraries to make their vacations hassle-free, from booking tickets to occasionally offering exhilarating offers and deals.

We have narrowed down the list of 9 travel tech startup that clout the technology to revolutionize Travel Industry:

Alike.io:

Alike.io the world’s first content creator focused Travel Commerce platform that incentivises content creators by sharing revenues of bookings influenced by the creator. Launched in collaboration with Dubai Tourism, Alike.io is the flagship offering of travel tech innovator – kitmytrip. Powered by their e-commerce enabled no-code platform, Alike.io offers the content creators (the Insiders) their own studio to showcase their travel content, boosting the success of a whole new set of travel micro-entrepreneurs – the Travelpreneurs.

Alike.io’s uniqueness is their capability to make the travel content bookable. For this Alike.io has already done tie-ups with experience providers across 200 global destinations, which is being made live on the platform in phases over the coming months. Building on their rapid growth, Alike.io is already collaborating with marquee brands like Zomato, SBI, Dubai Tourism to bring the benefits of their platform to the global traveller.

Mint House

Mint House combines the classic comfort of home and the modern luxury of a hotel, giving guests all the perks and none of the tradeoffs. We’ve ditched losable key cards, long lines, room service and other relics for the things we miss when we travel—kitchens, groceries, workout routines, and the space to spread out. Every part of the Mint House experience is powered by smart technology, making your stay personal, predictable and effortless.

Travel Union

Started by Bollywood actor Sonu Sood, Travel Union is India’s first rural B2B travel tech platform that aims to democratize travel services by providing a platform to Travel Union members (travel agents) towards serving the travel needs of rural customers at every district, block and gram panchayat level.

Travel Union touted as India’s first travel-tech startup built with rural travel agents at the core. It is an initiative by actor and philanthropist Sonu Sood, aiming to build a thriving community of travel agents. As a one-stop super-aggregator platform, Travel Union provides the best and cheapest in travel offerings from direct airlines, railways, hotels, trips, wholesalers and aggregators through an app available in Hindi & English.

Travel Union aims to digitally empower and build a leading travel agent business community in rural India to serve 1 billion Bharat population.

Selfbook

Quietly transforming the hospitality landscape by setting a new standard in travel payment from any direct touchpoint.Amid this global transformation that has crippled the hospitality industry, Selfbook aims to propel the industry forward by empowering hotels with better ways to recover and reconnect. By improving their direct booking conversion, hotels can increase revenue and save up to 25% on commissions and fees while elevating the customer booking experience online.

SafetyWing

SafetyWing is building the first global safety net for remote companies, remote workers and nomads worldwide. Our products are built and designed by a fully remote team of nomads distributed across three continents.Starting with Nomad Insurance - a travel medical insurance for nomads, and our most recent product, Remote Health - comprehensive health insurance available for remote companies and individuals worldwide. We are building out a product collection of insurance, pension savings and income protection - that in the future will be available as a membership.

Spotnana

Spotnana powers unparalleled global travel experiences. We are rebuilding the infrastructure of the travel industry in order to bring freedom, simplicity, and trust to travelers everywhere. Our Travel-as-a-Service platform enables corporations, agencies, suppliers, and technology providers to personalize travel booking, lower operating costs, and build deeper customer relationships.

The startup, which recently raised $75 million in funding to continue building its breakthrough travel platform,is founded by two Indian entrepreneurs — Sarosh Waghmar, a serial entrepreneur with more than two decades of travel industry experience and serves as CEO; and Shikhar Agarwal, formerly a founding engineer at ThoughtSpot, Google engineer, and IIT graduate and serving as the company’s CTO. 

Nearify

Nearify is an app founded by Mayank Kumar, Saurav Singh and Vivek Srivastava in 2012 that provides users with updated information on events that are happening around them. Like information on the city, major tourist attractions, and fairs & festivals happening in the area. All the user needs to do is to key in the name of the city to find listings of meet-ups, workshops, music concerts, and cultural hangout places in their close proximity.

TripHobo

TripHobo is a Pune-based travel startup that has an innovative new travel platform where the collective effort of their dedicated team of travel enthusiasts. They are trying to transform its user's travel experience by making travel more sharable and personally tailored. The platform lets you connect with travel buddies around the world and hence makes your experience even richer and memorable.

ExTravel Money

ExTravel Money is an online aggregator and marketplace for forex services that bring the hyperlocal eCommerce model to foreign exchange business and is helping users save money on currency exchange and money transfer from and to abroad. Users can use this platform to search for banks and money changers near them who offer these forex services. They can also compare the exchange rates and total cost of a forex service including the services fees, tax charges, even the rating of each forex store they are searching for.

Refrigerants Market Size is estimated to be worth USD 40,757 Million by 2030 at a CAGR of 7.6%, Owing to Rapid Growth of the Automotive Industry

Acumen Research and Consulting recently published report titled “Refrigerants Market Size, Share, Analysis Report and Region Forecast, 2022 - 2030”

BEIJING, July 28, 2022 (GLOBE NEWSWIRE) -- The Global Refrigerants Market Size was valued at USD 21,398 Million in 2021 and is predicted to be worth USD 40,757 Million by 2030, with a CAGR of 7.6% from 2022 to 2030.

In a refrigeration system, refrigerants are operating fluids that absorbed and distribute heat. The ability of refrigerants to absorb heat at low temperatures and pressures while releasing energy at higher temperatures and pressures makes them a good cooling substance for various HVAC systems. The flourishing refrigerated supply chain with the rising desires for consumer household appliances as the world economy and discretionary income improve are the major factors propelling the growth of the refrigerants market size over the projecting period. Furthermore, the thriving automobile and food beverages sectors are expected to boost the worldwide refrigerants market growth.

A refrigerant is a chemical that can exist in either a fluid or gaseous state. When paired with other elements such as refrigeration systems and compressors, it helps absorb heat energy from the air and creates a cooling system or refrigeration. A refrigerant is a chemical used for a combustion stroke to move energy from one place to another. At ambient temperature, it is usually a gaseous state. Most prevalent refrigerants are employed in refrigerators, air conditioning units, home appliances, and automobile air conditioning systems. They are discovered in almost everything that helps to cool, and occasionally in items that heat.

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Report Coverage:

Market	Refrigerants Market
Market Size 2021	USD 21,398 Million
Market Forecast 2030	USD 40,757 Million
CAGR During 2022 - 2030	7.6%
Analysis Period	2018 - 2030
Base Year	2021
Forecast Data	2022 - 2030
Segments Covered	By Type, By Application, And By Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled	Honeywell International Inc., Air Liquide, Arkema Group, Sinochem Group, Mexichem SAB de CV, The Chemours Company, Linde Group, Dongyue Group, SRF Limited, Daikin Industries Ltd., and Gujarat Fluorochemicals Limited.
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope	10 hrs of free customization and expert consultation

Global Refrigerants Market Dynamics

In the recent decade, air conditioning and refrigeration systems have evolved tremendously. In the current worldwide business scenario, the most recent tendency is for industry players to migrate more and more toward organically produced coolants whenever technically practicable. Refrigerants are cooling agents that are used in a variety of HVAC systems. At low pressure and temperature, they build pressure and heat while expelling heat at high pressure and temperature. The increasing adoption of refrigerants in various applications such as commercial, industrial, and residential refrigerators is propelling the market forward. The global expansion of the cold storage sector is also driving refrigerant future growth. The increasing use of natural eco-friendly refrigerants such as HCs, ammonia, and carbon dioxide further contributes to refrigerant growth. The deployment of innovative cooling system technologies is driving market expansion.

The refrigerants are used in air conditioning systems, cooling systems, refrigeration systems, and others. There are three main categories of refrigeration: residential, industrial, and commercial. Air-conditioning systems also include window, split Air - conditioning, and VRF. The worldwide refrigerant market is expected to be dominated by refrigeration. Commercial refrigerators have earned a significant market share due to different applications such as food hygiene in the meat, fishery, dairy, and other fast food industry. In addition, rising patient numbers in supermarkets and hypermarkets have increased the consumption for the sector. Aside from that, refrigeration is critical throughout the pharmaceutical sector. Furthermore, residential have seen an increase in demand for refrigerators as expendable income has increased, as has worry about food standards preservation as well as food waste.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/refrigerants-market

Widespread Adoption of Refrigeration Systems in a Variety of Industries Supports Market Expansion

To maintain ambient temperature, refrigeration systems have been widely used in industrial and commercial refrigeration. Refrigeration systems have been utilized in the food and beverage sector to keep foodstuff fresh in supermarkets, houses, and other food-storage facilities. It is also used for chemical handling in the chemical process industries. The rising demand for refrigerants is being driven by the rising need for domestic and industrial refrigeration systems.        

Market Segmentation                

The global refrigerants market is divided into type and application, according to Acumen Research and Consulting. Based on the type, the market has been classified into fluorocarbons (chlorofluorocarbons, hydro fluorocarbons, hydro chlorofluorocarbons), in organics (carbon dioxide, ammonia, other in organics), hydrocarbons (propane, isobutane, other hydrocarbons), and others. Based on the application, the market is categorized into refrigeration (industrial, commercial, domestic, transportation), air-conditioning (stationary, mobile, chiller), and others.

Refrigerants Market Regional Outlook

The refrigerants market is categorized into five regions: Europe, Asia-Pacific, North America, Latin America, and the Middle East & Africa. Asia-Pacific has a solid influence on the refrigerant industry than other regions and is predicted to grow to become the leading region in the following decade. The emerging trend toward consumer households in stable and prosperous nations is pushing regional market expansion. Rapid urbanization and urbanization, as well as the expansion of the manufacturing industry in the region, including food and drinks, automotive, pharmaceutical, and chemical, is fueling the market growth. Moreover, increasing construction activity in emerging markets, as well as a regional preference for sustainable products, drive market expansion.

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Refrigerants Market Players                        

Some of the prominent refrigerants market companies are Honeywell International Inc., Air Liquide, Arkema Group, Sinochem Group, Mexichem SAB de CV, The Chemours Company, Linde Group, Dongyue Group, SRF Limited, Daikin Industries Ltd., and Gujarat Fluor chemicals Limited.

Browse More Research Topic on Chemical Industry:

The Global Synthetic Fibers Market is expected to grow at a CAGR of around 6.5% from 2020 to 2027 and expected to reach the market value of around USD 67.2 Billion by 2027.

The Global Specialty Gas Market is expected to grow at a CAGR of around 8.9% from 2020 to 2027 and expected to reach the market value of around USD 14.2 Billion by 2027.

The Agro Textiles Market is projected to grow at a CAGR of around 5.9% from 2020 to 2027 and expected to reach the market value of around USD 13,699.5 Million by 2027.

About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Digital Twin Market Size is predicted to be worth USD 134,058 Million by 2030 at a CAGR of 39.3%, Owing to Increasing Adoption of IoT, Big Data Analytics, and Cloud-based Technologies

Acumen Research and Consulting recently published report titled “Refrigerants Market Size, Share, Analysis Report and Region Forecast, 2022 - 2030”

TOKYO, July 28, 2022 (GLOBE NEWSWIRE) -- The Global Digital Twin Market Size was valued at USD 6,985 Million in 2021 and is predicted to be worth USD 134,058 Million by 2030, with a CAGR of 39.3% from 2022 to 2030.

Digital twin technology is among the most rapidly evolving Industry 4.0 technologies. A digital twin is a computerized counterpart of a physical thing that is performed in a simulation platform to verify its efficiency and competence. The major factors boosting the digital twin market expansion are the development of the Internet of Things and cloud technologies, as well as the desire to minimize costs and speed up product design and development. Engineers may now test and connect with sensors embedded within a corporation's running products, providing real-time insights into the system's functionality and assuring timely repair.

Digital twins are digital replicas of actual devices that analytics scientists and IT professionals can be used to run simulations prior to building and deploying actual hardware. Real-time IoT data can also be used by digital twins to optimize performance using artificial intelligence technology and data analytics. One of the most inherent benefits is that it provides engineers with access to a precise, nuanced image of a physical commodity that may be located far away. It helps them to predict maintenance failures using reconstruction models that collect data on many risk variables. It also assists entrepreneurs to develop new product-as-a-service business practices and driving innovation in production, R&D, inventory control, service, and logistic support. The leading organizations in the digital twin market include Oracle, Microsoft, IBM, ANSYS, PTC, Siemens, General Electric, as well as Dassault System.

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Report Coverage:

Market	Digital Twin Market
Market Size 2021	USD 6,985 Million
Market Forecast 2030	USD 134,058 Million
CAGR During 2022 - 2030	39.3%
Analysis Period	2018 - 2030
Base Year	2021
Forecast Data	2022 - 2030
Segments Covered	By Type, By End-use, And By Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled	ABB Group, Ansys Inc., Bosch Rexroth AG, IBM Corporation, Microsoft Corporation, Siemens AG, Accenture Plc, Autodesk Inc., Capgemini SE, Infosys Ltd., Oracle Corporation, and Wipro Ltd.
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope	10 hrs of free customization and expert consultation

Global Digital Twin Market Dynamics

Technological development is a crucial trend that is gaining traction in the digital twin industry. To enhance the existing presence in the digital twin market, major corporations in the field are focusing on inventing innovative technology solutions. The increased usage of 3D printing technology, the strong growth for related technologies in the pharmaceutical and healthcare enterprises, and the increasing proclivity to adopt IoT technologies across multiple industries are expected to drive such technology acceptance throughout the forecast timeframe. With increasing interconnection, the threat of cyber protection, information security, and adherence has also accelerated. This is among the most significant factors inhibiting the development of the digital twin industry. Furthermore, numerous company owners who are comfortable with digital twin technology are concerned about the potential of misrepresenting the technology or product they seek to mimic using this innovation. Many organizations avoid employing digital twin technology as there is no reliable confirmation of how accurate it is in relation to its physical counterpart.

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/digital-twin-market

Rising Usage of IoT-based Technologies Drives Market Expansion

The global need for digital twin technologies is being driven by the trend for networked environments across sectors. Over 41 billion linked IoT devices are anticipated to be in operation by 2025, demonstrating the massive adoption of digital technologies. Increased throughput for each part or "thing" is required for the proper adoption and operation of IoT, which would be made feasible via digital twin technologies. In order to improve systems, there is a growing global desire for digital twin technologies since a system's performance and satisfaction over its existence depend on its components. Furthermore, suppliers and product managers are demonstrating a growing need for the digital image in order to decrease operational expenses and develop new business models.

Market Segmentation                

According to Acumen Research and Consulting, the worldwide digital twin market is segmented by type and end-use. In term of type, the segment has been categorized into component, system, and process. According to end-use, the segment is divided into manufacturing, automotive & transportation, agricultural, healthcare & life sciences, retail & consumer goods, telecommunication, energy & utilities, residential & commercial, aerospace, and others.

Digital Twin Market Regional Overview        

The market for digital twin is divided into five regions: North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa. North America is expected to be the leading region in the digital twin market by 2021. This is mostly due to the region's robust IT backbone and growing prevalence of 5G, Automation, IoT, and artificial intelligence technologies across numerous industries, including aerospace, automobiles, energy & utilities, and electronics industries. This region includes economically developed nations such as Canada and the United States, where huge investments in Research and development activities are discovered, thereby attributing to technological innovations such as 3D printing, edge analytics, smart sensors, and digital twin. Furthermore, supportive federal programs, such as linked de-icing equipment at airlines, smart lighting, and intelligent traffic projects related to data security, cybercrime, and infrastructure investment, are helping to drive market expansion in the region.

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Digital Twin Market Players                        

Some of the prominent digital twin market companies are ABB Group, Ansys Inc., Bosch Rexroth AG, IBM Corporation, Microsoft Corporation, Siemens AG, Accenture Plc, Autodesk Inc., Capgemini SE, Infosys Ltd., Oracle Corporation, and Wipro Ltd.

Browse More Research Topic on Process Control and Automation Industry:

The Global Lab Automation Market accounted for USD 4,790 Million in 2021 and is estimated to reach USD 9,371 Million by 2030, with a significant CAGR of 7.9% from 2022 to 2030.

The Global Workflow Automation Market accounted for USD 12,161 Million in 2021 and is estimated to reach USD 78,811 Million by 2030, with a significant CAGR of 23.4% from 2022 to 2030.

The Global Intelligent Process Automation Market accounted for USD 10,935 Million in 2021 and is estimated to reach USD 27,990 Million by 2030, with a significant CAGR of 11.2% from 2022 to 2030.

About Acumen Research and Consulting:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

For Latest Update Follow Us on Twitter and, LinkedIn

Contact Us:

Mr. Richard Johnson

Acumen Research and Consulting

USA: +13474743864

India: +918983225533

E-mail: sales@acumenresearchandconsulting.com

Via GlobeNewswire RSS Feed https://ift.tt/Faqs2Ij