6W In News

Let's 'Make in India' with 3D printing in 2016
With a growing focus on Make In India, 3D printing-the alternative to manufacturing-is likely to make a breakthrough in 2016. 3D printing has been around since the late 1980s. But go back two or three years and ask analysts and companies whether 3D printing is at its peak; their answer would have been an overwhelming and unanimous "Hell, yeah!" But companies mostly ended up making manufacturing prototypes in industries, with no real progress in enterprises. Because of this, 2015 did not turn out to be the best year for 3D printing, with high expectations once... Read More
Oracle Brings FinTech Program To Brussels, Blockchain Poised For Growth In India
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Oracle's decision to bring its FinTech Innovation Program to Brussels. In addition, blockchain technology is expected to take hold in India and BS/2 plans to expand its point-of-sale (POS) terminal network in Georgia. The blockchain is gaining traction in India, where the market for such technology is projected to grow at a compound annual growth rate (CAGR) of 58 percent during 2018 to 2024, according to a report from 6Wresearch. The firm said the market is dependent on the... Read More
Online grooming brand Beardo to expand in salons, organised retail formats
Men's grooming brand Beardo, which has a strong online presence, plans to expand in salons, supermarkets and organised retail formats. The company, in which homegrown FMCG major Marico has picked up a stake, is also looking to start selling its products in the US. Beardo's offerings include face-wash, soaps, face-packs and scrubs, hair-care and skin-care products. However, beard - grooming offerings - beard wash and beard oils - remain the brand's primary draw. According to Ashutosh Valani, co-founder, the nearly two-year-old brand, which first started in the 'online only' format, has started expanding offline too.... Read More
Online grocery market to grow annually at 62% between 2016-2022: Study
KOLKATA: India's online grocery market is estimated to grow at a compounded annual growth rate of 62% between 2016-2022, a latest study said. The study, conducted by 6Wresearch, said the market for online grocery is currently at a nascent stage and primarily confined to tier one cities. It said attractive offers provided by online grocery players is wooing the consumers, while grocery and staple segment is contributing major revenue share followed by FMCG. "Changing lifestyle coupled with long working hours has shifted purchasing trend from offline to online format. In India's online grocery market, youth... Read More
Obstacles face Nexus 7's success in Asia
Google's first tablet to pressure Asian low-cost vendors but lack of localized app and built-in connectivity to hinder uptake. If Google Nexus 7 tablets are introduced into the Asian market, its pricing will affect local low-cost tablet players. However, its adoption will be hindered by the lack of localized applications and lack of instant connectivity, say analysts. The 7-inch Nexus 7 is Google's flagship tablet running on Jelly Bean--the latest version of the Google Android mobile operating system. The 8 gigabytes (GB) version of Nexus 7 retails at US$199 in the United... Read More
North Africa: The next big air conditioner market
North Africa region is emerging as the key potential region in Middle-East & North Africa (MENA) air conditioners market. In North Africa's air conditioner market, Egypt accounted for the highest revenue share in 2015, followed by Algeria and others. Key factors that have led the growth of market includes - rising public & private investments, growing infrastructure along with increasing population and rising disposable income. According to 6Wresearch, North Africa Air Conditioner Market is projected to grow at a CAGR of 5.55% during 2016-22. "The market for air conditioners in North Africa region declined during... Read More
Nigeria is a Key Emerging Video Surveillance Market in African Region
After South Africa, Nigeria is the second largest market of video surveillance systems in Sub-Saharan region. The country has exhibited potential growth during 2010-12 owing to government projects pertaining to installation of various electronic security systems in Lagos and Abuja. During this period, the government of Nigeria deployed nearly 2,000 video surveillance cameras for monitoring major areas in Lagos and Abuja. According to 6Wresearch, Nigeria's video surveillance market is forecast to grow at a CAGR of 5.3% from 2016 to 2022. Rising terrorism coupled with increasing crime rate are driving the demand for video surveillance... Read More
The Nexus 7 can be the first wireless-charging tablet, with the $50 Nexus Wireless Charger, shipping from Google Play
The Nexus Wireless Charger is now available for order in the Google Play store for $49.99 and will ship by Nov. 29. The 2.4-inch black square, as sleek and shiny as a pair of new patent-leather party shoes, offers wireless charging to the Google Nexus 5, Nexus 4 and Nexus 7 tablet. The charging pad, which is for use in the United States and Canada only, is plugged in with a micro USB cable. The Nexus device, then, is just set down on top, at a user's leisure. Letting devices charge up in "sips"... Read More
New technologies drive demand for more storage capacity
Flash memory storage and hard disk manufacturer Western Digital sees demand for memory cards increasing due to memory-heavy formats, including 4K and 8K, 360-degree and virtual reality videos. Tareq Hussaini, regional sales director for Middle East and Africa at Western Digital, told Gulf News that the company had a profitable year due to the shortage of supplies and that forced the industry to lift prices. "In the region, we sold fewer units but our turnover increased," he said. The hard disk drive giant acquired the flash manufacturer SanDisk in May last year for $19 billion... Read More
MULTI ROTOR COMMERCIAL UNMANNED AERIAL MARKET (DRONE) SEGMENT TO RECORD HIGHER GROWTH IN THE MIDDLE EAST UAV MARKET OVER THE NEXT SIX YEARS
6Wresearch has recently published a new report titled "Middle East Unmanned Aerial Vehicle Market (2018-2024)" provides in-depth analysis with 48 figures and 36 tables covered in more than 135 pages. The report estimates and forecast the overall UAV market by revenue, sales volume, type, applications and countries. The report also offer insights on competitive landscape, market share by companies, company profiles, market trends, market drivers and restraints. Several countries in the Middle East region are still recovering from slump in oil prices since 2014. Steadily increasing oil prices and burgeoning construction sector contributed significantly to... Read More
Modi govt's efforts to increase internet penetration driving IoT adoption: 6Wresearch
NEW DELHI: The Indian government's efforts to increase internet penetration through "Digital India Campaign" are resulting in spreading awareness and adoption of Internet of Things (IoT) amongst end users, according to 6Wresearch. The IoT market in India is at its nascent stage, however in last few years, the market registered key growth backed by the increase in number of connected devices coupled with increasing internet penetration and exponential growth is anticipated in the coming years due to launch of government projects - Smart City Project and Digital India Campaign, the agency said. India's Internet of... Read More
Millennials are Redefining UC Experience for Businesses
India is a young country with over 600 million people below the age of 25 years. Gen Y/Millennials, as you would like to commonly call them, will rule the roost, and shape the future of our economy. This new generation is redefining the way we communicate, do business and even transforming the workplace all together. And want to live by their own rules. Unlike the previous generation, which desired structure, stability and a 9-5 job, the millennials are redefining structure, stability and work timings. Unlike popular belief, millennials do not only strive for better pay... Read More
Middle East - a centre of new business growth for security, safety, and fire protection solutions providers
According to analysts 6Wresearch, revenues from the Middle East information security market will reach 2.7 billion dollars in 2024, compared to US$1.4 billion in 2018. With the cloud playing an increasingly important role in the storage and processing of important data, Abhay Joshi, Global Sales Head at Matrix Comsec, said Middle East organisations are taking measures to adopt high-end solutions that prevent unauthorised access and cyber-breaches. "Organisational data is the most important resource that companies have, so firms are opting for secure cloud-based solutions," said Joshi. "At Intersec 2019, we'll launch our cloud based Time-Attendance... Read More
Middle East power tools market to grow by 9pc
The Middle East power tools market is projected to grow at a compound annual growth rate (CAGR) of 9.0 per cent during 2018 to 2024, according to a recent report by 6Wresearch, a global market research and consulting firm. The Middle East power tools market witnessed a steady growth during 2014-17 led by buoyant construction activities primarily in UAE and expansion of manufacturing and industrial sectors, said the report. The report, titled "Middle East power Tools Market (2018-2024)", estimates and forecast the overall Middle East power tools market by technology types, verticals, tools types and... Read More
Lighting design trends in 2018 focus on human-centric innovation
The Middle East lighting fixtures market is poised for a double-digit growth curve, with revenues set to hit US$8.7 billion by 2024, according to a new report by analysts 6Wresearch, which was released ahead of the Light Middle East exhibition last month. The region's lighting industry, valued at US$4.4 billion in 2017, has been predicted to grow substantially on the back of a resurgent construction sector, and industrial and manufacturing investments. Regional lighting fixtures revenues are expected to grow at compound annual growth rate of 10.3% up to 2024, as the market rebounds after several... Read More
STRENGTHENING OF NON-OIL SECTORS AS WELL AS GROWING AWARENESS TOWARDS FIRE HAZARDS WOULD DRIVE THE GROWTH OF MIDDLE EAST FIRE SAFETY SYSTEMS AND EQUIPMENT MARKET
6Wresearch has recently published a new report titled "Middle East Fire Safety Systems and Equipment Market (2018-2024)" provides in-depth analysis with 385 figures and 41 tables covered in 551 pages. The report estimates and forecast the overall Middle East Fire Safety Systems and Equipment market by type, verticals and countries. The report also provides an unbiased and detailed analysis of the on-going trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics. Expanding construction industry along with... Read More
Surge in activity expected to drive demand for security, safety and fire protection solutions at Intersec 2019
Dubai, UAE: The Middle East's US$1.9 billion fire safety systems and equipment market will see solid growth over the next six years, with new government regulations around life safety and fire protection along with large scale infrastructure investment among the key market drivers. A November 2018 report by analysts 6Wresearch estimates the Middle East market for firefighting systems, fire detection & alarm systems, and emergency exit & lighting, will be worth US$3 billion by 2024, growing at a compound annual growth rate of nearly eight percent. The report stated the regional market witnessed a slight... Read More
Middle East fire safety market to hit $3bn by 2024
Demand is being driven by recovering oil prices, government initiatives, and revised fire and life safety codes in UAE The Middle East's market for firefighting systems, fire detection and alarm systems, and emergency exit and lighting, is predicted to hit $3 billion by 2024, growing at a compound annual growth rate of nearly 8% over the next six years. According to a report released ahead of the Intersec 2019 expo in Dubai, the regional market witnessed a slight decline during 2014-2016. However, from 2017 onwards, demand has picked up aided by recovering oil prices and... Read More
Middle East Diesel Genset Market
(MENAFN - Market Press) Recovery of Construction Sector and Rising Power demand coupled with Economic Diversification would fuel the Growth of Diesel Genset in Middle East - 6Wresearch Continuous development of mega projects such as Dahiyat Al Fursan New City (Saudi Arabia), Al Maktoum International Airport expansion (UAE) and Lusail City (Qatar) are driving the demand for diesel genset in the construction industry in Middle East region. Low crude oil prices have affected the growth of Middle East countries, which has led to initiatives taken by the governments to diversify their economies towards non-oil... Read More
Middle East commercial security market to rise to $16.4bn by 2024
The countdown has begun for the 21st edition of the world's leading security, safety, and fire protection trade show in Dubai, with global suppliers zooming in on a Middle East market that is estimated to more than double in value over the next six years. More than 1,300 exhibitors from 59 countries, including 18 of the world's top 20 commercial security providers, are set to participate at Intersec 2019, which takes place from 20-22 January at the Dubai International Convention and Exhibition Centre. The annual three-day event, organized by Messe Frankfurt Middle East, covers the... Read More