Report Wire

Tag: International Data Corporation

  • Samsung, Apple high smartwatch shipments in March quarter, IDC report

    NEW DELHI : Samsung and Apple continued their sturdy run within the Indian smartwatch market in March quarter of CY 2022, revealed new knowledge by International Data Corporation (IDC), a market analysis agency.

    The South Korean firm noticed a double digit development and accounted for 65.3% of all cargo quantity within the smartwatch class within the March quarter.

    Apple was the second main model within the smartwatch phase with 22.7% of the cargo. Fitbit (4.7%), Fossil (3.5%) and Garmin (1.7%) had been the opposite three manufacturers within the high 5.

    IDC has barely totally different benchmarks for what qualifies as a smartwatch as in comparison with different market analysis corporations. As per IDC, a smartwatch can run third celebration apps and has an app retailer. IDC labeled watches by Noise and BoAt as primary watches.

    It explains why not one of the Indian manufacturers together with Noise, Fire-Boltt and BoAt function in IDC’s high 5 smartwatch checklist. Whereas, as per Counterpoint’s May report, they had been the highest three smartwatch manufacturers in India within the March quarter with a mixed cargo quantity of 62%.

    The Galaxy Watch 4 was the important thing driver for Samsung’s development through the quarter. The gadget recorded double digit quarter-on-quarter (QoQ) development in India, Samsung stated.

    “We ensured wider availability of our gadgets throughout each offline (6000+ shops) and on-line channels together with e-commerce platforms and likewise launched improved fee mechanisms and financing choices, to enhance entry and drive higher affordability,” stated Aditya Babbar, senior director and head of product advertising and marketing at Samsung India.

    Further, Samsung additionally cited IDC knowledge on the actually wi-fi stereo (TWS) phase and identified that it accounted for 31% of the shipments within the class however just for gadgets priced above ₹ 5,500. According to Samsung, Galaxy Buds 2 was the important thing driver for development for the model within the TWS class.

    IDC didn’t share knowledge on the highest 5 manufacturers within the total TWS class. However, in one among its May stories, the market researcher stated it is likely one of the quickest rising segments– share of TWS grew to 48% from 34% within the ear put on class in March quarter.

    Subscribe to Mint Newsletters

    * Enter a legitimate e mail

    * Thank you for subscribing to our publication.

    First article

  • India’s software program market income set to hit $8.2 bn in 2021, says IDC

    NEW DELHI :

    India’s software program market is anticipated to surpass $8.2 billion when it comes to income by the tip of 2021 and develop at a compound annual development fee (CAGR) of 14% between 2020 and 2025, in accordance with a report by analysis agency International Data Corporation (IDC).

    IDC additionally expects the income share of platform-as-a-service (PaaS) and software-as-a-service (SaaS) within the general software program market to extend from 37.1% in 2020 to 59% in 2025, at a CAGR of 25.1%.

    Going ahead, the demand for robotic course of automation (RPA), synthetic intelligence (AI), conferencing and collaborative functions, IT service administration (ITSM) and digital commerce functions may even develop, IDC mentioned within the report launched on Thursday. New knowledge safety and knowledge localisation insurance policies may even lead organizations in India to relook at their compliance frameworks. This will gas demand for knowledge safety and privateness compliance options, IDC added.

    Hemanth Gudiwada, affiliate market analyst at IDC India believes software program markets associated to cloud, synthetic intelligence (AI) and safety will proceed to develop for the following couple of quarters.

    “Indian enterprises are continuing their digital transformation initiatives with a clear focus on scalable, secure and agile frameworks. They ramped up investments on the cloud for scalability, AI to leverage data accurately and serve the clients more efficiently, and security to protect their network and systems,” he added.

    IDC knowledge on the primary half of 2021 exhibits the dimensions of the software program market in India was $4.0 billion, rising at 15.9% year-over-year (YoY) and accounting for 18.3% of the software program market within the Asia-Pacific area excluding Japan and China (APeJC) area. Microsoft, Oracle, and SAP have been the highest software program service suppliers in India throughout this era.

    Pent-up demand led to a pointy spike within the software program market throughout the first half of 2021, as per IDC. Most enterprises are again to pre-pandemic degree utilization, whereas the remaining ones expect operations to normalize by the tip of 2021 or the primary half of 2022.

    IDC classifies the software program market into three categories– functions, utility improvement and deployment, and methods infrastructure software program. During the primary half of 2021, functions accounted for many of the software program market (60.9%), adopted by utility improvement and deployment (21%) and methods infrastructure software program (18.1%).

    “Collaborative applications, artificial intelligence platforms, system and service management and security witnessed the strongest growth during the period due to the adoption of cloud-based solutions,” mentioned Shweta Baidya, senior analysis supervisor for software program & IT Services at IDC India.

    Baidya factors out, software program distributors have been re-aligning their portfolios to cater to the evolving necessities of their clients. “There is a strong push towards solutions that are agile, scalable and secure, and enterprises are clearly prioritizing vendors with platform offerings over point solutions,” she added.

    Subscribe to Mint Newsletters * Enter a legitimate electronic mail * Thank you for subscribing to our e-newsletter.

    Never miss a narrative! Stay linked and knowledgeable with Mint.
    Download
    our App Now!!

  • Over 20% well being coverage patrons redeem ‘wellness factors’ for low cost on renewals

    MUMBAI: As medical prices improve yearly, you will need to have a medical insurance coverage and to remain match.

    According to a examine by Policybazaar.com, over 20% of people that bought medical insurance plans in March and April of final yr renewed their insurance policies by wellness factors this yr.

    Policyholders at the moment are utilizing their ‘wellness factors’ throughout well being coverage renewal to get insurance coverage premium reductions.

    This tells us how policyholders are slowly and progressively shifting towards a preventive mindset that deviates from conventional well being coverage choices.

    According to the International Data Corporation (IDC), the Indian wearables market has grown 144.3% yr on yr in 2020. The quarter from October to December 2020 was an important within the nation for the wearables class, with triple-digit development, the examine revealed.

    According to the Insurance Regulatory and Development Authority of India’s (Irdai’s) pointers on preventive and wellness options, insurers are requested to incentivise the insured who’s eligible for the reward factors and meets the wellness standards. Insurers are rewarding policyholders with a wide range of providers often called wellness advantages, that are merely a value-addition to the medical insurance protection supplied at no further value.

    Insurance firms are utilising wearables and well being apps that present advantages akin to blood sugar monitoring, BMI, pedometer, behavioural counselling, and video/teleconsultation with medical doctors, in line with the examine. Some insurers use exterior motivators akin to rewards, financial reductions, and digital badges to encourage clients to dwell more healthy life-style. Insurers provide reductions on renewal premiums if the insured particular person reveals wholesome behaviours akin to quite a few steps per week, calorie depend, and a wholesome coronary heart charge. Customers are additionally being enrolled in wellness programmes by insurance coverage firms. These wellness reward programmes (WRP) are designed to encourage insured people to take part in sure actions to remain lively and medically match.

    Amit Chhabra, head-Health Insurance, Policybazaar.com mentioned, “Stress management, wellness points, preventive health check-ups, gym and yoga memberships and nutritional guidance are some of the elite features of new-age health insurance plans or wellness-oriented health covers.” He additional mentioned, “Some notable plan names and features include Max Bupa Health Insurance ReAssure’s – Live Health Benefit, which provides a discount of up to 30% on renewal premiums. Similarly, Aditya Birla’s Health Activ Assur Diamond and Activ Health Platinum plans offer renewal premium discounts of up to 100%. You can also purchase HDFC Ergo Health’s Optima Restore and Manipal Cigna’s ProHealth to save up to 8% and 20% on renewal premiums, respectively.”

    Subscribe to Mint Newsletters * Enter a legitimate e mail * Thank you for subscribing to our e-newsletter.

    Never miss a narrative! Stay linked and knowledgeable with Mint.
    Download
    our App Now!!

  • Samsung units business report for 5G information speeds, touches 5.23GBps

    New Delhi: Smartphone maker, Samsung Electronics, set an business report in 5G information speeds on March 3, attaining 5.23GBps obtain speeds on a single machine. The firm examined a know-how, referred to as E-UTRAN New Radio Dual Connectivity (EN-DC), which mixed 5G and 4G networks to enhance information speeds. Samsung mixed 40Hz of 4G frequency and 800MHz of 5G frequency in mmWave spectrum to finish its take a look at. Also Read | India’s vaccine rollout modifications gears The demonstration was completed utilizing the Samsung Galaxy S20+ smartphone, which helps each 4G and 5G connectivity. It’s price noting although that these have been ultimate take a look at circumstances, so the take a look at doesn’t actually characterize speeds that customers will get in actual time. In reality, that is precisely how corporations decide peak speeds for specific community applied sciences. The EN-DC know-how is supposed to assist operators use each 4G and 5G bands to maximise their networks’ effectivity. It may assist telcos who’re making the transfer from Long Term Evolution (LTE)/4G to 5G networks, to bolster information speeds and enhance their total service. For occasion, a telco may take months or years to maneuver to a full 5G community, it may improve total information speeds through the use of each networks. Experts have mentioned that 2020 will see a proliferation of 5G smartphones in varied nations. According to the Quarterly Mobile Phone Tracker by the International Data Corporation (IDC), India noticed over three million shipments of 5G smartphones in 2020, out of a complete of 150 million items. Analysts mentioned whereas the general marketplace for smartphones noticed a modest decline (of 1.7% year-over-year) for the primary time since 2009, the 5G smartphone market grew between 2019 and 2020. Subscribe to Mint Newsletters * Enter a sound electronic mail * Thank you for subscribing to our e-newsletter.

  • India pill market grows in double digits in 2020

    India’s pill market made a pointy rebound in 2020 after 4 straight years of decline because it benefited from distant studying because of the pandemic. Sales grew 14.7% to 2.8 million tablets final 12 months, in line with International Data Corporation’s (IDC) newest worldwide quarterly private computing gadget tracker report issued on Friday. Also Read | The limits to India’s privatization push The restoration was largely fuelled by robust demand for tablets to help e-learning with digital school rooms changing into the brand new norm, changing bodily notebooks with tablets and laptops. “So far, no matter progress we noticed in tablets got here from schooling sector. As faculties went digital, tablets emerged as the right match for college students in main and higher main stage,” mentioned Jaipal Singh, affiliate analysis supervisor, Client Devices, IDC India. Though pill shipments within the client phase grew 59.8% in 2020, it fell 14.3% within the business phase, reflecting postponement of some authorities tasks. The funds pill phase noticed probably the most consumers within the price-sensitive Indian market. As per IDC, the typical promoting worth (ASP) for tablets within the business phase was $255 (about ₹18,654). Those with display sizes of 10.1 inches have been probably the most in demand, making up 33% of complete shipments. The $100-200 phase accounted for greater than half of complete pill shipments. The above $300 phase, which included merchandise comparable to Apple iPad 10.2 and Samsung Galaxy Tab S6 Lite, grew at 72.3% in 2020. Lenovo retained its management of the Indian market on the again of a 6.6% rise in annual shipments. Subscribe to Mint Newsletters * Enter a legitimate electronic mail * Thank you for subscribing to our e-newsletter.

  • Over half of Indian enterprises eye automation to adapt to new regular: Report

    New Delhi: The proliferation of distant working options is main firms in the direction of higher adoption of automated processes. Adoption charges of robotic course of automation (RPA) will develop by 57% in India within the subsequent yr, in response to a examine performed by the International Data Corporation (IDC) and commissioned by Automation Anywhere.

    The analysis agency surveyed know-how executives throughout India and 1,600 of Automation Anywhere’s personal clients.
    Also Read | Bitter house truths for migrant employees
    The examine additionally discovered that 56% organizations within the nation plan to deploy digital employees and software program bots to work straight with their human workers. About 76% of the surveyed firms mentioned they’ve volumes of rules-based and repetitive duties which can be presently managed by human sources.
    “As the character of jobs and work adjustments after the pandemic, digital employees will add worth past ROI to assist organizations develop new capabilities and enterprise fashions. Automation will turn out to be a enterprise crucial for driving innovation, buyer centricity, and gaining efficiencies,” mentioned Rishu Sharma, Principal Analyst, Cloud and Artificial Intelligence (AI), at IDC India.
    “We see increasingly clients in search of end-to-end automation and companions who can carry each Cognitive and RPA capabilities in a totally built-in style. RPA distributors that may present the identical have a further edge sooner or later,” mentioned Sajesh Gopinath, General Manager & Go To Market Leader – UST SmartOps, at UST, a digital know-how and transformation firm.
    According to Milan Sheth, govt vice chairman, IMEA, Automation Anywhere, implementation of RPA is split between entrance workplace, again workplace and workers themselves.
    Sheth mentioned extra digital collaboration is occurring with people within the entrance workplace, like monetary establishments utilizing RPA to course of know-your-customer paperwork and so on. Companies are using digital assistants to work with workers with a view to scale up enterprise.
    Sheth added that the corporate has additionally seen an enormous change within the worker expertise, the place firms comply with a hybrid mannequin between working from house and dealing from workplace. “If you might be an inner worker and you might be spending 20-30% of your time in importing and processing reviews, submitting weekly summaries and so on, all of that the bots can do for you,” he mentioned. Digital collaboration can be serving to in such actions.
    RPA and different automated companies have been rising since March final yr, when international lockdowns led firms to undertake distant work. Industry stakeholders say not solely non-public firms, however the public sector too has adopted automation. The IDC report mentioned a government-owned postal service automated 25 processes to take care of monetary journals, managing credit score uploads and extra.

    Subscribe to Mint Newsletters

    * Enter a sound electronic mail
    * Thank you for subscribing to our publication.