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Digital Economy to touch $800 billion
India’s consumer digital economy which was pegged at $85-90 billion in CY 20, is expected to become a $800 billion market by 2030. The digital economy includes 60% of travel, 40% of non-grocery retail, 30% of education, 25% of food and beverages services and 6% of Pharma/Grocery going through digital channels by CY30, as per the data of RedSeer. With this growth we could forecast the next wave of entrepreneurs will create innovations which will make the Indian model successful globally. During these difficult times, most of the enterprises faced the challenge that their current levels of cybersecurity are not enough to protect their endpoints and servers.
The year 2020 has started with COVID-19 and a pell-mell shift to remote work, and finished with the gut-punch of a major breach that put hundreds of organizations into frantic access-and-remediate mode. The consequences of the pandemic’s rapid shift to work-from-home — and the exponential adoption to cloud technology that it helped drive — include lesser visibility into the security ecosystem, lesser control of access points, and a larger, more varied attack surface for adversaries to target. Over the course of the pandemic, there has been an escalating number of cyberattacks designed to exploit vulnerable remote workers and people who are desperate for information about the virus and vaccine. About 52% of Indian organizations fell victim to a successful cybersecurity attack in the last 12 months. Of these successful breaches, 71% of organizations admitted it was a serious or very serious attack, and 65 per cent said it took longer than a week to remediate.
Today's Headline in NewsHours
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2:05 #WhatsApp #messages have no evidential value says, #SupremeCourt
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3:49 .
#DigitalEconomy #WhatsApp #SupremeCourt
Digital Economy to touch $800 billion
India’s consumer digital economy which was pegged at $85-90 billion in CY 20, is expected to become a $800 billion market by 2030. The digital economy includes 60% of travel, 40% of non-grocery retail, 30% of education, 25% of food and beverages services and 6% of Pharma/Grocery going through digital channels by CY30, as per the data of RedSeer. With this growth we could forecast the next wave of entrepreneurs will create innovations which will make the Indian model successful globally. During these difficult times, most of the enterprises faced the challenge that their current levels of cybersecurity are not enough to protect their endpoints and servers.
The year 2020 has started with COVID-19 and a pell-mell shift to remote work, and finished with the gut-punch of a major breach that put hundreds of organizations into frantic access-and-remediate mode. The consequences of the pandemic’s rapid shift to work-from-home — and the exponential adoption to cloud technology that it helped drive — include lesser visibility into the security ecosystem, lesser control of access points, and a larger, more varied attack surface for adversaries to target. Over the course of the pandemic, there has been an escalating number of cyberattacks designed to exploit vulnerable remote workers and people who are desperate for information about the virus and vaccine. About 52% of Indian organizations fell victim to a successful cybersecurity attack in the last 12 months. Of these successful breaches, 71% of organizations admitted it was a serious or very serious attack, and 65 per cent said it took longer than a week to remediate.
Today's Headline in NewsHours
0:00 Intro
2:05 #WhatsApp #messages have no evidential value says, #SupremeCourt
2:55 We want to be the best partner for our partners, says #SatyaNadella at #Inspire2021
3:49
Technology video | 171 views
#ConsumerDigitalEconomy #NarayanaMurthy #JeffBezos
Consumer Digital Economy to touch $800Bn
India's digital economy is expected to touch $800 billion by 2030 making it the third-largest digital economy, said a report by consulting firm Redseer on June 30. It was pegged at $85-90 billion in 2020. Online retail is set to become the third-largest online retail market by scale by CY30 with an annual gross merchandise value (GMV) of $55 billion in CY21 and $350 billion in CY30, said RedSeer at its flagship event Ground Zero 5.0. India is going to become the 3rd largest online retail market by CY30. E-Logistics in India has become the fastest growing market globally with over 3 billion shipments in 2020. India traditionally had an inefficient supply chain with a slow and undemocratic access. With the rise of e-commerce, the need for specialised delivery services emerged, which has led to the overall growth of the logistics segment. With multiple startups enabling kiranas with cashless payments and digital bookkeeping, the segment is expected to achieve $1.5 trillion sales by 2030.
COVID-19 has caused an inflection in e-commerce penetration across smaller cities. The emergence of this sector has created 5lakh employment for gig workers in 2021 across captive and 3PL. The new-age 3PL logistics players have delivered 850 million shipments in 2020. There is a sharp rise in digital content and advertisements see higher demand. On the other hand, online content is seeing phenomenal growth leading to the overall growth of the digital ad industry as well. Digital content is emerging as the bellwether of demand creation for time spent. India, one of the largest economies, is surging ahead on content and smartphone usage. Monthly active users have become democratised with increasing adoption of varied digital services and platforms.
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India’s Internet Economy | $1 Trillion by 2030 | Digital Revolution | VARINDIA News Hour
India’s journey to a $1-trillion consumer internet economy has been a unique story of multiple internet sectors such as e-tailing, e-health, food tech, online mobility, and quick commerce, coming together to create a strong foundation for a consumption-led growth engine. The ongoing journey from digital-first to digital-forward was a result of multiple internet sectors having shown strong momentum post-COVID, as per RedSeer. Investors are recognising India’s golden opportunity without a second thought. In 2021, more than $40 billion of funding and 42 new unicorns were born. This is primarily because the country’s economy is becoming more skill-based and services-oriented, so more jobs are being created for skilled workers, which in turn is a major draw for investors. It has been fueled by a mix of burgeoning internet penetration rates, access to high-speed internet, and rising demand for online shopping and digital content consumption. India is home to an extremely distinct, heterogeneous population
base with varying social needs.
The report noted that applications prioritising vernacularity of language, verticalized super apps, and an omnichannel approach are increasingly allowing the third cohort to join the digital mainstream. India’s new digital revolution is further enabled by the growing tech adoption in the business to business space and an expanding and maturing internet consumer base. What is also noteworthy is that key internet economies, namely e-tail, eHealth, FoodTech, Online Mobility, and Billpay and Recharge, which had experienced a sharp downward spiral during COVID re-emerged much stronger. Additionally, the rise of tech adoption in the B2B space is bolstering India's new digital revolution. The report expressed immense optimism about India's growth, stating that the SaaS market size, which stood at about $3.5 billion in FY2
Technology video | 263 views
Space economy worth $1.25tn by 2030 | NSR | Global Space Economy | VARINDIA News Hour
Northern Sky Research (NSR) in its Global Space Economy, said in its second Edition report, is projecting that the Global Space Economy will be worth $1.25 trillion (€1.12tn) by 2030. Further NSR is projecting strong revenue potential across all key segments, underpinned by record setting investment and both public and private sector demand for space products and services. With over $1.25 trillion in cumulative revenue projected by 2030, the space industry growth trajectory trends upwards at a 6.25 percent CAG. Satellite & Space Infrastructure is the largest segment today, with burgeoning demand from the Crew & Cargo market as the leading revenue source. Close behind are key infrastructure markets such as Satellite Communications, Earth Observation, Situational Awareness and Science & Technology. Altogether, the Satellite & Space Infrastructure market will generate over $570 billion in revenue by 2030, says NSR. But these traditional revenue generators are changing. NSR says that by decade’s end, the report observes Satellite Communications Services overtaking Infrastructure to become the dominant market in terms of annual revenues.
From segments such as Mobility (aero, maritime, land) to Enterprise Data and Government/Military, the upside for Satellite Communications Services is significant as more/flexible satellites are launched and an increasingly virtual, 5G-enabled and cloud-based ground segment is enabled. At an impressive CAGR of nearly 13 per cent, this segment is a key revenue driver going forward,” notes the report. Then, as the decade rolls on, a third category emerges: “Satellite & Space Applications, also contribute well to global space revenues. Earth Observation Information Products, Data Analytics, Data Downlink and Space Tourism & Travel are all key applications driving long term demand. Revenue of $140 billion by 2030 and a 1
Technology video | 286 views
ONDC to boost digital consumption to $340 billion by 2030 #shortvideo
Technology video | 152 views
India’s Low code/No code market to touch $4 billion | Digital currency | VARINDIA News Hour
Low-code is a technology that allows developers to create apps and interactive platforms without hard-coding language training. It uses visual tools and pre-built modules to help users create a UI for their apps. The current market value of the low-code industry is 13.2 billion dollars. This is also enabling users to create solutions that reflect specific data inquiries and workflow processes; their low-code/no-code-crafted programs can also easily be integrated into larger business processes. Low Code No Code (LCNC) is a suite of visual drag-and-drop tools that developers may use to create apps with a comprehensive user interface, integrations, data management, and logic. According to a survey by Nasscom, LCNC software solutions produced over $400 million in revenue for Indian IT service providers and startups in fiscal 2021. With the appropriate levers, this sector can expand to $4 billion by 2025. The global low-code/no-code market is projected to total $13.8 billion in 2021.Global markets account for over 70% of the income generated by Indian enterprises in this sector.
LCNC, together with AI-written code, will be a disruptive force in the tech business. The good news is that a lot can be done highly efficiently with little or no code, making it easy to dethrone old, established systems and try new ones. Leading tech businesses are expected to penetrate the regional markets with these solutions designed expressly for e-commerce and manufacturing in India. According to Gartner, low-code application platforms (LCAP) are expected to be the main component of the low-code development technology industry through 2022. Companies have seen better outcomes and productivity increase of over 1.5x, and the majority of enterprises have seen a 30-35 per cent gain in ROI when they employ minimal or no goodwill vs the traditional manner of development. There are several
Technology video | 200 views
A report titled ‘Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2021-2025‘, conducted by Juniper Research, suggests that it’s time merchants step up their game. They must implement better fraud prevention strategies across all eCommerce channels if they do not wish to be subjected to significant chunk of losses. North America is estimated to be the worst hit as nearly 50% of the $20 billion estimated loss will occur in the region alone in 2021. Far East & China will be the second most worst hit with eCommerce fraud, followed by West Europe. Furthermore, the research identified that the use of artificial intelligence can help enable behavioural biometrics in this area, leading to increased security across all potential fraud channels.
The report highlighted that China would be the largest hub of the eCommerce fraud market in the entire world by accounting for a whopping 40% of eCom-related fraud losses in 2025, amounting to $12 billion. The research suggests that the massive e-commerce market combined with the relative lack of fraud detection measures will be the key drivers behind the situation. Juniper Research recommends that China-based eCommerce merchants start investing in fraud detection and prevention technologies from now. It will help them escape future fraud-related losses, which can further impact their already slim operating margin. All in all, it is well understood that consumers should be wary of upcoming fraud-related risks and, to prepare for the same, start becoming more vigilant when it comes to transacting online, especially on lesser-known e-commerce sites.
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs South Africa in the World Cup T20 2024 season! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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Welcome to the exhilarating showdown between India vs Zimbawe in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Bangladesh in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 series. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 1322 views
IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 Final. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 986 views