#COVID-19 Impacts On Parking Management Market

[market-insider]

Parking Management Market Growth Contributed To Growing Demand For Smart Parking Sensors And Parking Spaces

The global parking management market size is expected to reach USD 10.14 billion by 2030, expanding at a CAGR of 11.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. Growing demand for smart parking sensors, increasing need for parking spaces, and favorable government initiatives are some of the factors contributing to the market growth.

Smart technologies are experiencing tremendous growth in the parking management system, including parking guidance systems, automated parking, and parking reservation systems. In addition to these technologies, the demand for security and safety of parked vehicles is also increasing rapidly among vehicle owners, which is propelling the procurement of a parking surveillance system. This will create a substantial market space for parking management companies to grow over the years.

Gain deeper insights on the market and receive your free copy with TOC now @: Parking Management Market Report

Several car park mobile applications have included the feature to reserve a vehicle park space and make payments through mobile wallets. It allows users to save meaningful time spent searching for vacant spaces and provides parking enforcement options, such as adding remote parking spaces and providing parking information to users. For instance, in December 2021, T2 Systems, a parking management solutions provider, implemented T2Mobile Pay, a browser-based parking solution, in Houston City Center, so that the visitors could pay for parking quickly and easily on their mobile phones using this solution. This solution will increase mobile payment adoption and customer satisfaction. These features are anticipated to further increase the demand for parking management solutions over the forecast period.

The increasing availability of integrated automated solutions and advancements in wireless technology are anticipated to drive the adoption of parking management solutions.  Moreover, parking management systems aid in increasing mobility in cities and offer a dependable revenue model. These systems use data analytics, wireless communication technology, and sensors to address parking issues in cities and metros. Furthermore, these solutions can be used to locate available parking spaces with the help of sensors and mobile applications, thereby saving customers time and minimizing the waste of fuel spent looking for available parking spaces.

[industrynewsupdates]

Insights into Smart Transportation Market: A Global Perspective

The global smart transportation market was valued at USD 110.53 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.0% from 2023 to 2030. This growth is largely driven by advancements in urban development projects, government initiatives focused on reducing greenhouse gas emissions, and the increasing demand for integrating technology into traffic control systems. Many cities face significant challenges, including poor-quality public transportation, insufficient capacity for managing public transport, concerns about road safety, ineffective traffic management, and parking issues. These challenges underscore the pressing need for smart transportation systems, which are expected to see substantial growth in the near future. Urbanization, the growing acceptance of IoT-based technologies, and the rollout of 5G connectivity are making the implementation of smart transportation infrastructure more feasible.

The COVID-19 pandemic had a profound negative impact on various industries globally, including smart mobility. Government-mandated lockdowns and quarantines aimed at curbing the spread of the virus significantly affected businesses, particularly within the transportation sector. Travel restrictions that were put in place hindered the movement of people and goods, resulting in a drastic decline in revenues, growth, and income within the transportation industry. As public transportation remains particularly vulnerable to health crises, travel organizations are now focusing on data-driven decision-making to enhance their services and rebuild consumer trust. This shift is expected to drive an increased demand for private transportation services in the upcoming years.

Gather more insights about the market drivers, restrains and growth of the Smart Transportation Market

Service Insights

The cloud services segment dominated the smart transportation market, capturing over 42.4% of the market share in 2022. This segment is expected to maintain its leading position throughout the forecast period, primarily due to its capability to manage the vast quantities of data generated by mobile technologies and sensors. As technologies such as big data and cloud computing continue to advance, they are becoming increasingly essential to transportation systems. Cloud platforms provide secure storage solutions and processing power, which are vital for improving traffic forecasting and management.

Furthermore, the growing interest in and application of machine learning, data analytics, Internet of Things (IoT) technologies, and cybersecurity measures will play a significant role in shaping smart transportation initiatives in the coming years.

The professional service segment is also experiencing heightened growth within the smart transportation landscape. This segment encompasses a diverse range of services, including design consultation, strategic planning, and implementation support, each contributing uniquely to its expansion. The increasing demand for professional services is largely driven by the need to upgrade outdated systems to more advanced and efficient solutions, a shift facilitated by a growing reliance on consulting expertise.

By leveraging the knowledge and resources provided by professional service providers, organizations can enhance traffic control measures, implement smart parking solutions, and make informed decisions across various transportation applications. This collaborative approach helps to optimize the effectiveness of smart transportation systems and promotes faster, data-driven decision-making.

Order a free sample PDF of the Smart Transportation Market Intelligence Study, published by Grand View Research.

[pranalip]

Automated Barriers and Bollards Market  Industry Forecast and Competitive Landscape Reports | Global Insight Services

“Global Insight Services offers unparalleled market intelligence and strategic consulting services to businesses worldwide. Our expertise spans across various industries, including healthcare, technology, and consumer goods, providing comprehensive analysis and actionable insights. By leveraging advanced data analytics and in-depth market research, we empower our clients to make informed decisions, identify growth opportunities, and stay ahead of the competition”.

The global automated barriers and bollards market was valued at US$ 1.5 billion in 2021 and it is anticipated to grow up to US$ 2.1 billion by 2031, at a CAGR of 3.3% during the forecast period.

View The Full Report Here –https://www.globalinsightservices.com/reports/automated-barriers-and-bollards-market

Automatic barriers and bollards are used either in combination or as single to ensure high security by preventing the entry of unauthorized vehicles, for example, to prevent burglars and thieves from entering the property. Automatic barriers and bollards restrict vehicle entry in multiple indoor and outside constructions, such as toll booths, high-security areas, and parking centres for offices, hotels, and shopping centres.

Market Drivers and Trends

Public safety these days has become one of the major concerns of governments across the globe. The major reason behind the rising public safety concern is burgeoning crime rates globally. Criminal activities such as serious traffic offenses, assaults, gang, and drug-related offenses have increased. Therefore, barrier installation in high-traffic areas can be used to detect the vehicles involved in these activities, which makes it easier for the surveillance team to determine the convict. Therefore, rising concern regarding security and surveillance is considered a key factor is driving the boom barrier and bollard market. Municipalities in many cities are also adopting smart parking systems for better parking, traffic management, and sustainable growth. Hence, it is clear that there is much scope for municipalities to adopt and implement boom barriers and bollards in smart parking shortly, as a large amount of the world’s population will be living in urban areas by then. Thus, the rise in safety and security across commercial and residential spaces is expected to provide numerous profitable opportunities for automated barriers and bollards market players in the coming years.

Market Restraints and Challenges

Limited availability of cost-effective automated barriers and bollards is expected to limit the market revenue growth. For instance, installing these systems in small projects will result in high overall costs due to the presence of sensors and expensive hardware and software components. In addition, parts of automated barriers and bollards are expensive to replace and maintain, increasing overall maintenance and repair cost and likely restraining market revenue growth in the forecast period.

Unlock Growth Potential in Your Industry – Get Your Sample Report Now-https://www.globalinsightservices.com/request-sample/GIS10461

Global Automated Barriers and Bollards Market Segmentation

By Product Type

Push Button

Remote Controlled

RFID Tags Reader

Loop Detectors

Others

By Application

Residential

Commercial

Industrial

Major Players in the Global Automated Barriers and Bollards Market

The key players studied in the global automated barriers and bollards market are AUTOMATIC SYSTEMS (Belgium), Avon Barrier Corporation Ltd (UK), Came S.p.A. (Italy), Houston Systems Private Limited (India), LBA group (France), Macs Automated Bollard Systems Ltd (UK), Magnetic Autocontrol GmbH (Germany), Nice S.p.A. (Italy), Omnitec Group (UAE), and RIB srl (Italy).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of automated barriers and bollards worldwide. Thus, the COVID-19 pandemic negatively affected the global automated barriers and bollards market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of automated barriers and bollards.

Buy Now@https://www.globalinsightservices.com/checkout/single_user/GIS10461

Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Infographic excel data pack, easy to analyze big data

Robust and transparent research methodology

Unmatched data quality and after sales service

Contact Us:

Global Insight Services LLC 16192, Coastal Highway, Lewes DE 19958 E-mail: info@globalinsightservices.com Phone: +1-833-761-1700 Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

[pranalipawarshinde]

Automated Barriers and Bollards Market Future, Projections and Strategies by 2024-2033

“Global Insight Services offers unparalleled market intelligence and strategic consulting services to businesses worldwide. Our expertise spans across various industries, including healthcare, technology, and consumer goods, providing comprehensive analysis and actionable insights. By leveraging advanced data analytics and in-depth market research, we empower our clients to make informed decisions, identify growth opportunities, and stay ahead of the competition”.

The global automated barriers and bollards market was valued at US$ 1.5 billion in 2021 and it is anticipated to grow up to US$ 2.1 billion by 2031, at a CAGR of 3.3% during the forecast period.

View The Full Report Here –https://www.globalinsightservices.com/reports/automated-barriers-and-bollards-market

Automatic barriers and bollards are used either in combination or as single to ensure high security by preventing the entry of unauthorized vehicles, for example, to prevent burglars and thieves from entering the property. Automatic barriers and bollards restrict vehicle entry in multiple indoor and outside constructions, such as toll booths, high-security areas, and parking centres for offices, hotels, and shopping centres.

Market Drivers and Trends

Public safety these days has become one of the major concerns of governments across the globe. The major reason behind the rising public safety concern is burgeoning crime rates globally. Criminal activities such as serious traffic offenses, assaults, gang, and drug-related offenses have increased. Therefore, barrier installation in high-traffic areas can be used to detect the vehicles involved in these activities, which makes it easier for the surveillance team to determine the convict. Therefore, rising concern regarding security and surveillance is considered a key factor is driving the boom barrier and bollard market. Municipalities in many cities are also adopting smart parking systems for better parking, traffic management, and sustainable growth. Hence, it is clear that there is much scope for municipalities to adopt and implement boom barriers and bollards in smart parking shortly, as a large amount of the world’s population will be living in urban areas by then. Thus, the rise in safety and security across commercial and residential spaces is expected to provide numerous profitable opportunities for automated barriers and bollards market players in the coming years.

Market Restraints and Challenges

Limited availability of cost-effective automated barriers and bollards is expected to limit the market revenue growth. For instance, installing these systems in small projects will result in high overall costs due to the presence of sensors and expensive hardware and software components. In addition, parts of automated barriers and bollards are expensive to replace and maintain, increasing overall maintenance and repair cost and likely restraining market revenue growth in the forecast period.

Unlock Growth Potential in Your Industry – Get Your Sample Report Now-https://www.globalinsightservices.com/request-sample/GIS10461

Global Automated Barriers and Bollards Market Segmentation

By Product Type

Push Button

Remote Controlled

RFID Tags Reader

Loop Detectors

Others

By Application

Residential

Commercial

Industrial

Major Players in the Global Automated Barriers and Bollards Market

The key players studied in the global automated barriers and bollards market are AUTOMATIC SYSTEMS (Belgium), Avon Barrier Corporation Ltd (UK), Came S.p.A. (Italy), Houston Systems Private Limited (India), LBA group (France), Macs Automated Bollard Systems Ltd (UK), Magnetic Autocontrol GmbH (Germany), Nice S.p.A. (Italy), Omnitec Group (UAE), and RIB srl (Italy).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of automated barriers and bollards worldwide. Thus, the COVID-19 pandemic negatively affected the global automated barriers and bollards market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of automated barriers and bollards.

Buy Now@https://www.globalinsightservices.com/checkout/single_user/GIS10461

Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Infographic excel data pack, easy to analyze big data

Robust and transparent research methodology

Unmatched data quality and after sales service

Contact Us:

Global Insight Services LLC 16192, Coastal Highway, Lewes DE 19958 E-mail: info@globalinsightservices.com Phone: +1-833-761-1700 Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

[mobiledentalontario]

Commercial Property

The Dynamics of Commercial Property: Trends, Tips, and Insights

Introduction

Commercial property, an essential component of the real estate market, plays a significant role in the economy. Unlike residential properties, commercial properties are used exclusively for business purposes, including office buildings, retail spaces, warehouses, and industrial properties. As the business landscape evolves, so do the trends and dynamics of commercial property. This blog delves into the latest trends, provides useful tips for investors, and offers insights into the future of commercial real estate.

Current Trends in Commercial Property

Shift to Suburban Locations The COVID-19 pandemic has significantly impacted where businesses choose to operate. With the rise of remote work, many companies are downsizing their urban office spaces and moving to suburban areas where costs are lower, and employees enjoy a better quality of life. This shift is causing a ripple effect in the commercial real estate market, with increased demand for suburban office parks and flexible working spaces.

Sustainability and Green Buildings Environmental sustainability has become a crucial consideration in commercial real estate. Tenants and investors alike are prioritizing energy-efficient buildings with LEED (Leadership in Energy and Environmental Design) certification. Green buildings not only reduce operating costs through energy savings but also attract environmentally conscious tenants willing to pay a premium for sustainable office space.

Technology Integration The integration of technology in commercial properties is no longer optional; it is a necessity. Smart buildings equipped with IoT (Internet of Things) devices offer enhanced security, better energy management, and improved tenant experiences. Additionally, advancements in property management software are streamlining operations, making it easier for property managers to handle maintenance, billing, and tenant communications.

Flexible Workspaces Co-working spaces and flexible offices are becoming increasingly popular. Businesses are seeking shorter lease terms and flexible arrangements to adapt to changing circumstances. This trend has led to the proliferation of co-working companies like WeWork and Regus, which offer scalable office solutions tailored to the needs of modern businesses.

Tips for Investing in Commercial Property

Understand the Market Before investing in commercial real estate, it is essential to thoroughly understand the market dynamics. Research local economic conditions, demographic trends, and the demand for various types of commercial properties. Knowledge of market trends will help in making informed decisions and identifying lucrative investment opportunities.

Location, Location, Location The location of a commercial property is a critical factor in determining its success. Properties in high-traffic areas with good visibility and accessibility tend to attract more tenants and command higher rents. Additionally, consider the proximity to major transportation hubs, amenities, and the overall business climate of the area.

Diversify Your Portfolio Diversification is key to mitigating risks in commercial real estate investment. Instead of putting all your capital into a single property, consider spreading your investments across different types of commercial properties and locations. This strategy reduces the impact of market fluctuations and ensures a steady income stream.

Perform Due Diligence Conducting thorough due diligence is vital before purchasing any commercial property. This includes inspecting the physical condition of the property, reviewing the lease agreements, assessing the financial performance, and checking for any legal issues. Hiring professionals such as property inspectors, lawyers, and accountants can help identify potential risks and avoid costly mistakes.

Consider Long-Term Value When investing in commercial property, it is important to focus on long-term value rather than short-term gains. Look for properties with potential for appreciation over time, such as those located in emerging business districts or undergoing redevelopment. Additionally, consider properties with stable and creditworthy tenants to ensure a consistent rental income.

Future Outlook for Commercial Property

The commercial property landscape is continually evolving, influenced by economic, technological, and social factors. Here are some insights into the future of commercial real estate:

Rise of Hybrid Work Models The hybrid work model, combining remote work with in-office work, is likely to persist post-pandemic. This shift will affect the demand for office space, with businesses seeking smaller, flexible office spaces that accommodate fluctuating employee attendance. Property developers may need to rethink office layouts to create collaborative and dynamic environments that cater to hybrid workstyles.

Growth of E-Commerce and Industrial Spaces The rapid growth of e-commerce is driving demand for industrial spaces, including warehouses and distribution centers. As online shopping continues to rise, companies require more storage and logistics facilities to meet consumer demands. Investors can capitalize on this trend by focusing on industrial properties in strategic locations near transportation networks.

Enhanced Focus on Health and Safety The pandemic has heightened awareness of health and safety in commercial buildings. Property owners and managers are investing in advanced HVAC systems, touchless technologies, and enhanced cleaning protocols to ensure a safe environment for tenants. Properties that prioritize health and safety are likely to attract more tenants and retain higher occupancy rates.

Increased Adoption of PropTech The adoption of property technology (PropTech) is set to transform the commercial real estate industry. Technologies such as virtual tours, digital leasing platforms, and AI-driven analytics are streamlining property transactions and improving operational efficiency. Embracing PropTech can give property owners and investors a competitive edge in the market.

Conclusion

The commercial property market is dynamic and influenced by various factors, from economic conditions to technological advancements. Understanding current trends, conducting thorough research, and adopting a long-term perspective are essential for successful investment in commercial real estate. As the market continues to evolve, staying informed and adaptable will be key to navigating the complexities and seizing opportunities in the commercial property sector. Whether you are an investor, property owner, or tenant, keeping an eye on emerging trends and innovations will help you thrive in this ever-changing landscape.

[lokalybusinessapp]

How to Start a Cloud Kitchen Business?

In recent years, the food service industry has witnessed a dramatic shift with the rise of cloud kitchens. These innovative establishments, also known as ghost kitchens or virtual kitchens, cater exclusively to the burgeoning demand for food delivery services. If you're considering venturing into this dynamic field, this guide will provide you with all the essential information to launch your cloud kitchen business successfully.

What is a Cloud Kitchen?

A cloud kitchen is a professional food preparation facility that operates without a physical dining area. Instead, it focuses solely on fulfilling online orders placed through food delivery apps or websites. Unlike traditional restaurants, cloud kitchens streamline operations to maximise efficiency in food production and delivery.

The cloud kitchen market has experienced significant growth over recent years, driven by increasing consumer demand for convenient and diverse food delivery options. This growth is further fueled by advancements in technology, changing consumer lifestyles, and the impact of the COVID-19 pandemic, which accelerated the adoption of food delivery services.

Cloud Kitchen Market Size and Growth 2024 to 2032

The global cloud kitchen market size was estimated at US$ 57.51 billion in 2022 and is expected to hit US$ 174.66 billion by 2032, poised to grow at a CAGR of 11.8% during the forecast period 2024 to 2032.

Benefits of Cloud Kitchens

Cost Efficiency: Lower overhead costs compared to traditional restaurants due to minimal space requirements and no need for front-of-house operations.

Flexibility: Ability to experiment with multiple culinary concepts or brands from a single location, catering to diverse customer preferences.

Scalability: Easier expansion into new markets or scaling up operations in response to demand without significant infrastructure investments.

Data-Driven Insights: Access to valuable customer data and analytics through online platforms, facilitating targeted marketing and operational improvements.

Tips to Setup a Successful Cloud Kitchen Business

Launching a cloud kitchen requires meticulous planning and attention to several key aspects:

Online Ordering in a Cloud Kitchen Setup

Invest in a user-friendly and efficient online ordering system integrated with popular food delivery apps. Ensure seamless synchronisation between order placement, kitchen operations, and delivery logistics to optimise customer satisfaction.

Processing an Order in an Online Food Delivery System

Develop standardised procedures for order processing, including order receipt, food preparation, quality control, packaging, and timely dispatch. Prioritise speed and accuracy to meet delivery time expectations and enhance customer loyalty.

Kitchen Staff for Cloud Kitchen

Recruit skilled culinary professionals experienced in high-volume food production and delivery operations. Emphasise training on food safety protocols, efficient workflow management, and customer-centric service to maintain operational excellence.

Supply Management

Establish reliable partnerships with local suppliers to ensure consistent access to high-quality ingredients at competitive prices. Implement efficient inventory management practices to minimise waste and optimise cost efficiency.

Inventory Management for Delivery-Only Kitchen

Utilise inventory management software to track ingredient usage, monitor stock levels in real-time, and streamline procurement processes. Adopt a proactive approach to inventory control to prevent shortages and maintain operational continuity.

Location for Cloud Kitchen

Select a strategic location with proximity to densely populated residential areas and robust delivery infrastructure. Consider factors such as accessibility, parking availability for delivery drivers, and potential competition to maximise order fulfilment efficiency.

Essential Kitchen Appliances for Cloud Kitchen

Equip your cloud kitchen with essential appliances tailored to your menu requirements, including commercial refrigerators, industrial-grade ovens, food preparation stations, and packaging materials. Prioritise energy-efficient and durable equipment to support long-term operational sustainability.

You can also read: Benefits of Kitchen Display Systems for Restaurants

Start a Cloud Kitchen Business, Hassle-free

Launching your cloud kitchen business involves navigating various challenges and opportunities:

Market Research: Conduct thorough market research to identify target demographics, competitive landscape, and emerging consumer trends. Tailor your menu offerings and marketing strategies to meet evolving customer preferences.

Legal Requirements: Obtain necessary licences and permits, such as food handler certifications, business operation licence, health department approvals, and compliance with zoning regulations. Consult with legal experts to ensure full regulatory compliance and mitigate operational risks.

Financial Planning: Develop a comprehensive business plan outlining startup costs, revenue projections, and financial contingencies. Secure adequate funding through loans, investments, or partnerships to support initial expenses and ongoing operational needs.

Marketing Strategy: Implement a robust digital marketing strategy to enhance online visibility, attract new customers, and build brand awareness. Leverage social media platforms, email marketing campaigns, and partnerships with food delivery apps to reach your target audience effectively.

Most Popular Cloud Kitchen Business Models

Explore diverse business models within the cloud kitchen industry to align with your entrepreneurial goals and operational preferences:

Brand-Owned Cloud Kitchen: Operate a single culinary brand or restaurant concept exclusively from a dedicated kitchen facility. Focus on establishing a distinct brand identity and cultivating customer loyalty through consistent quality and personalised service.

Separate Dine-In with Shared Kitchen Space: Combine traditional dine-in restaurant operations with a dedicated cloud kitchen for delivery-only orders. Optimise kitchen utilisation and revenue streams by leveraging existing infrastructure for dual-service capabilities.

Hub and Spoke: Adopt a centralised hub-and-spoke model where a primary kitchen facility (hub) supplies multiple satellite kitchens (spokes) located in different geographic areas. Enhance operational efficiency, minimise delivery times, and expand market reach through strategic network expansion.

Multiple Virtual Brands: Launch and manage multiple virtual restaurant brands from a single kitchen facility. Cater to diverse consumer preferences and market segments by offering a variety of cuisine options under distinct brand identities.

Shell Kitchen: Rent kitchen space to third-party culinary entrepreneurs or virtual restaurant operators seeking a turnkey solution for food production and delivery. Generate additional revenue streams and optimise kitchen capacity utilisation through flexible lease agreements.

FAQ About Cloud Kitchen Business

Are cloud kitchens profitable?

Yes, cloud kitchens can be highly profitable due to their lower overhead costs and the increasing consumer demand for food delivery services. Profitability depends on efficient operations, effective marketing, and meeting customer expectations for quality and delivery speed.What are the essential licences required to run a cloud kitchen?

Essential licences and permits typically include food handler certifications, business operation licences, health department approvals, and compliance with local zoning regulations. Requirements vary by jurisdiction and business scope.What is the future of a cloud kitchen business?

The future of cloud kitchens appears promising, driven by evolving consumer lifestyles, technological advancements in food delivery platforms, and shifting dining preferences towards convenience and quality.Can you operate multiple brands from a single cloud kitchen?

Yes, operating multiple virtual brands from a single cloud kitchen is a common strategy. This approach allows you to cater to diverse customer preferences and maximise kitchen utilisation without significant additional costs.

In conclusion, starting a cloud kitchen business presents a unique opportunity for entrepreneurial success in the rapidly evolving food service industry. By leveraging innovative business models, embracing digital technology, and prioritising operational efficiency, you can establish a competitive presence and capitalise on the growing demand for food delivery services. Whether you're launching a single-brand concept or exploring multiple culinary ventures, strategic planning and adherence to regulatory requirements will be key to achieving long-term profitability and sustainability in your cloud kitchen journey.

[aequitasindia]

How to Invest in Volatile Markets. 5 Things You Should Know

Author : Pratiksha Daftari

Last few years, uncertainty and unpredictability has loomed over us almost at all times with several factors affecting the market volatility. Be it Covid-19 or Russia-Ukraine war or risks of global slow down or inflationary pressures, the world faced challenges, hardly imagined before. Capital markets too, reflecting this unpredictable real economy, have remained volatile and uncertain.

With a lot of investors in India looking at parking their money with PMS houses, they should first try to understand themselves on how to make decisions on whom to select.

Let us start by understanding what a volatile stock market is.

What is a Volatile Stock Market?

In a volatile market, investors may experience significant gains or losses in a short span of time, making it a challenging environment to navigate.

Some Investors may be tempted to pull out altogether and wait until it seems safe to dive back in. While some Investors may indulge in buying and selling stocks quickly.

Need of the hour is to understand that market volatility is inevitable. It is a natural phenomenon of markets to move up and down over the short term. Trying to time the market is extremely difficult. It is also vital to have a solid understanding of the underlying factors driving volatility and to thereby have a well- thought-out investment plan that takes into account the potential risks and rewards of investing in volatile markets.

Investors struggle to navigate through such choppy markets and find it difficult to figure out how to invest in Volatile Markets. Considering this, we have jotted down 5 tips for investing during volatile markets.

5 Important Tips for Investing During Volatile Markets

1. Accept Volatility

Historically markets have had regular phases of high volatility as the economy and markets often run into hurdles. Volatility is inherent to the nature of markets and hence inevitable. While steep falls in stock prices and indices seem unpleasant, they aren’t permanent. Below table depicts the steep drawdown seen in Nifty 50 over its 30+ year journey

2. Use it to your advantage Volatility at times provides opportunities that investors can take advantage of. Investors who are thorough about fundamentals of businesses and its valuation can use this temporary mispricing to accumulate stocks at alluring prices. In fact, some of the best performing stocks of last decade such as Titan, Eicher Motors, Britannia etc have seen multiple instances of double digit drawdowns. Marquee investors have only used these drawdowns to increase their positions and maximise their returns.

3. Cut through the noise

As humans, we are constantly under the influence of our cognitive biases that have an impact on our beliefs and sway our judgement. This holds true for investment decisions as well. When it comes to investments, the pain of temporary losses in challenging markets, even if unrealised, can hurt far more than the joy of having outperformed markets earlier. This phenomenon of loss aversion can influence investors to book losses in investments that are worthy of hold.

Volatility in the markets often creates an aura of uncertainty that shoo away investors who find it difficult to manage ambiguous situations. While some amount of risk is part of the game for investors to enhance their returns, in turbulent times, most investors choose to sit at side-lines rather than exploit the market opportunity available.

As a prudent investor, it is important to be aware of these biases and take a cognizant approach to decision making.

4. Focus on time in the markets and not timing the market

Many times, investors go greedy and churn in and out of stocks with conviction that they will be able to call out market peaks and bottoms. While this may seem logical and hence alluring strategy, timing markets is an exceptionally difficult and thereby a futile exercise. Historically, for good companies, drop in stock prices is not perpetual and hence in the long run, staying invested has yielded better returns for investors. Market participants with a long horizon and disciplined investing approach tend to eventually enjoy good returns.

5. Diversify your investments

Investors can use diversification to their advantage to reduce the blow of volatility in particular asset classes. Having a holistic approach to investing with appropriate allocation to stable asset classes could help. For example, while debt markets are less prone to volatility gold tends to benefit in times of economic uncertainty. Within equities as well it would benefit the investor to spread investments across multiple companies across varied sectors.

Thus, it is important to take note of these factors, and even when investing with a Portfolio management service, investors must try to base the selection decision of the manager on the investment process rather than performance numbers. What defines the success of a PMS in the long run is the discipline and process and historically the best fund managers are the ones who do not deviate from their discipline no matter what.

[meirlyjonas]

How To Run a Liquor Store: A Complete Guide

How To Run a Liquor Store: A Complete Guide 

 

Running a successful liquor store is both an art and a science. It's about knowing your market, maintaining a robust inventory, providing top-notch service, and following strict legal and ethical standards. Whether you're just getting started in the industry or looking for ways to enhance your store's performance, this guide is a roadmap that can lead to a thriving business operation.  

The Liquor Store Landscape – A Growing Industry  

The liquor retail industry is thriving, with steady growth in consumer demand. The COVID-19 pandemic further accelerated the sales of alcoholic beverages, solidifying the industry's position as a resilient market. With this growth, the competition has intensified, making efficient business operations more crucial than ever.  

Before you pop the cork on your venture, paying close attention to the details that will set you apart is essential. The key to triumph in this industry is a combination of strategic planning, effective marketing, and a sincere commitment to providing a service that the community appreciates and respects.  

Planning and Preparation – Setting the Foundation of Your Store  

Market Research and Business Planning  

The first step in opening a liquor store is conducting thorough market research. Who are your competitors, and how will you differentiate your store? What do your prospective customers prefer, and what will they pay? Use this research to craft a business plan that includes financial projections and a detailed analysis of your target market and the unique selling points that will drive your success.  

Legal Considerations and Licensing – Navigating the Red Tape  

The most critical early step in opening a liquor store is obtaining the necessary permits. Liquor laws can be complex and vary by state and municipality, so it's crucial to understand the specific requirements in your area. Be prepared for a potentially lengthy process, but don't cut corners – a solid legal foundation is essential.  

Location Selection and Store Setup  

A prime location can make or break your store. Consider foot traffic, parking, and local zoning laws when choosing a site. Once you've secured a suitable space, invest in a store layout that meets your customers' needs, including efficient product placement and checkout counter design. Security is also paramount – quality cameras, age verification systems, and well-trained staff are necessary.  

Inventory Management and Product Selection – The Heart of Your Business  

Building a Well-Stocked Inventory  

Your inventory should cater to the tastes of your market. Stock familiar brands and popular local selections, but be bold and offer unique, high-quality products to stand out. Keep a pulse on industry trends and monitor sales data to inform your offerings.  

Inventory Management Strategies – Keeping Control  

A modern liquor store POS system tailored to liquor stores can provide detailed inventory control. This technology helps with stock monitoring, streamlines ordering processes, and aids in tracking sales patterns. In addition, policies and procedures should be implemented to minimize the risk of shrinkage and spoilage.  

Marketing and Sales Strategies – Attracting and Retaining Customers  

Creating a Welcoming Customer Experience  

The customer experience you offer will directly impact on your store's reputation and repeat business. Train your staff to be knowledgeable and friendly, and ensure your store is always clean and well organized.  

Implementing Effective Marketing Strategies  

Local advertising, social media engagement, and customer loyalty programs can all be practical marketing tools. Leverage these platforms to promote your products, educate consumers, and foster a community around your brand.  

Understanding Pricing Strategies  

Your pricing strategy should be well-considered and flexible. Offer competitive prices while maintaining margins. Consider bundling and volume discounts to encourage larger purchases. Regularly review and adjust your pricing based on customer feedback and market changes.  

Maintaining Responsible Practices – Ethical and Legal Standards  

Age Verification and Responsible Sales Practices  

Adhere strictly to age verification protocols and ensure all staff is trained in responsible alcohol sales. Over-service or selling to minors can harm your community and jeopardize your business's future.  

Compliance with Regulations  

Liquor laws are designed to promote responsible consumption and sales practices. Staying compliant is essential – regularly check for updates and make sure your operations meet the latest standards.  

Conclusion – Crafting a Lasting Presence  

Running a liquor store is more than just selling alcohol. It's about crafting a space that serves the community while ensuring that all operations are ethical, responsible, and compliant. Following the guidelines and strategies outlined in this post sets your business up for success. Remember, this is an ongoing process. Stay vigilant, adapt to changes, and continue to provide top-notch service – your customers will notice and reward you with their loyalty.  

Maintaining Responsible Practices – Ethical and Legal Standards 

Age Verification and Responsible Sales Practices 

Adhere strictly to age verification protocols and ensure all staff is trained in responsible alcohol sales. Over-service or selling to minors can not only harm your community but can also jeopardize your business's future. 

Compliance with Regulations 

Liquor laws are designed to promote responsible consumption and sales practices. Staying compliant is essential – regularly check for updates and make sure your operations meet the latest standards. 

Conclusion – Crafting a Lasting Presence 

Running a liquor store is more than just selling alcohol. It's about crafting a space that serves the community while ensuring that all operations are ethical, responsible, and compliant. By following the guidelines and strategies outlined in this post, you're setting your business up for success. Remember, this is an ongoing process. Stay vigilant, adapt to changes, and continue to provide top-notch service – your customers will notice and reward you with their loyalty. 

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Smart Parking Management System Market 2024 will touch New Level in the Upcoming Year by 2030

The qualitative report published by Exactitude Consultancy research on the “Smart Parking Management System Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Smart Parking Management System market report offers the historical data for 2018 to 2023 and also makes available the forecast data from the year 2024 to 2030 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Smart Parking Management System Market from a Global and Regional perspective.

The global smart parking management system market size is projected to reach USD 23.28 billion by 2030, at a CAGR of 20.6% during the forecast period.

For The Full Report Click here:

https://exactitudeconsultancy.com/reports/15194/smart-parking-management-system-market/

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Overturned acquittal could have impact on convoy protest case: expert | Ottawa Citizen

An Ottawa criminologist said the Ontario court’s order to retry a convoy protester could have implications for the ongoing trial of the protest’s two key organizers. Superior Court Justice Narissa Somji ordered a retrial last week for Allen Remley, a convoy participant who had been acquitted on a mischief charge. Remley was by Justice Heather Perkins-McVey, also presiding over the criminal trial for organizers Tamara Lich and Chris Barber. The court ordered a retrial after concluding Perkins-McVey didn’t adequately context of the protest.

Protesters flooded the capital in 2022 at the tail end of the Omicron wave of the COVID-19 pandemic. Most said they were there to demonstrate against public health restrictions and vaccine mandates, though many also railed against the government.

The protesters stayed in Ottawa for three weeks, blocking downtown roads around Parliament Hill with big rigs and other vehicles, blaring horns at all hours, blasting music over loudspeakers, and setting off fireworks in the street. In Remley’s case, Perkins-McVey found the Crown had failed to adequately prove that he was engaged in mischief during the protest.

Police accused him of being involved in a “mobile gas station” — a children’s wagon filled with jerry cans. His truck was also illegally parked.

In the absence of more evidence, doubts persisted about whether he was committing a crime, or even shared the same aims or political beliefs as the protesters, she said. Somji agreed that simply being at the scene wasn’t enough to prove guilt, but found the decision didn’t take into account “the evidence as a whole, including evidence of the ongoing protest.”

In another convoy-related case last year, Crown prosecutors successfully appealed an acquittal on mischief charges involving protester David Romlewski. In that appeal, Superior Court Justice Adriana Doyle found the trial judge erred in Romlewski’s acquittal by imposing a higher burden of proof on the Crown than was necessary to reach a finding of guilt.

Justice Robert Wadden, the trial judge, had acquitted Romlewski after ruling he was not a trucker and didn’t bring a vehicle into the city, he was not a convoy organizer or in contact with organizers, and the judge said there was no documentary evidence linking Romlewski to the protest. Prosecutors successfully overturned that verdict, with Justice Doyle saying Romlewski’s presence in a designated “Red Zone” during a highly-publicized police operation went beyond “mere presence,” and was “aiding and abetting” the mischief.

The facts of the Lich and Barber case are slightly different since they spent most of their time organizing the protest, fundraising, and sharing updates on social media from a “command center” set up in a local hotel. The Crown has argued Perkins-McVey need only consider whether streets were blocked and property was interfered with, and whether Lich and Barber were party to those crimes.

While Remley’s trial lasted only three days, Lich and Barber’s case is still ongoing after months of testimony, evidence, and legal wrangling. Their trial paused last month and is expected to resume in March.

Rents for Canadian military personnel to increase | Ottawa Citizen

Rents for Canadian military personnel in accommodations used by National Defence will be going up in April. National Defence confirmed information that was leaked to this newspaper by soldiers who questioned why rents were going up for troops when the military is struggling to keep personnel in the ranks.

Under Treasury Board policy and Department of National Defence regulations, “shelter charges” for all Crown-controlled housing are reviewed and adjusted annually to reflect market changes, she added. This process is administered by the Canadian Forces Housing Agency as the managing authority for the residential housing portfolio on behalf of the department, Poulin noted.

Updated rental fees for 2024-2025 will be available online by April 1. The rates vary depending on the type of accommodation and location. Poulin said rents for National Defence housing units are established based on a market analysis of dwellings of similar age, size, type, condition, and location.

In October 2023, this newspaper reported on internal military documents that acknowledged that Canadian Forces personnel were increasingly leaving the ranks rather than moving to a new military base where they couldn’t afford housing. Canada is in the midst of a housing crisis, but some members of the military are particularly vulnerable as they are required to often move around the country for their jobs.

In some locations “average cost to purchase or rent housing now exceeds incomes of several CAF working rank levels,” a June 14, 2023 briefing by Brig.-Gen. Virginia Tattersall pointed out. Military personnel can also try to rent accommodation from the Canadian Forces Housing Agency, or CFHA, but there are shortages of those units.

The CFHA manages the largest housing portfolio in the government of Canada at 27 locations across the country. Its portfolio consists of single, semi-detached, and row houses, as well as barrier-free accessible houses and apartments, according to National Defence. However, the department has noted that thousands are on the waiting list for such units.

In addition, the Canadian Forces has identified the need for at least 5,000 more housing units to be built at its facilities around the country. In 2022, Chief of the Defence Staff Gen. Wayne Eyre acknowledged that a lack of affordable housing has emerged as one of the main complaints made by military personnel to senior officers.

Military personnel are increasingly becoming frustrated with the lack of action by the Canadian Forces' senior leadership on the housing situation, according to defense sources.

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Mobile Card Reader Market Predicted to Grow At More Than 15 % CAGR till 2032

Mobile Card Reader Market is projected to cross USD 65 Bn by 2032, owing to the increasing adoption of mobile card readers in the entertainment industry. Besides, product benefits such as a safe and secure way to accept payments, higher value transactions, a faster way to pay, and flexibility are anticipated to amplify its deployment further.

Ongoing digitization and the increasing adoption of cashless transactions in the entertainment industry will also offer lucrative growth opportunities to the market. As per reliable estimates, cashless payments for amusement parks are approximately 63% faster than cash transactions, and relatively 53% faster than classic credit card transactions.

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Considering the solution, the software segment is slated to witness growth through 2032 owing to the mounting adoption of advanced mobile card reader software products. Sturdy billing, fast accounting, and accurate inventory management are among the key benefits anticipated to boost product installation.

Based on deployment, the cloud-based mobile card reader segment is projected to witness rapid growth from 2023 to 2032. This can be ascribed to the rising adoption of cloud computing services across different industry verticals. Besides, cloud-based mobile card readers assist in employing IT resources effectively, minimizing investments in costly infrastructure, and reducing overall data breaches.

By technology, the chip and pin segment was valued at over USD 5 billion in 2022. Chip card technology offers an added layer of security when used at a chip-enabled terminal. Besides, the rising adoption of chips and pins for storing data will play a key role in stimulating the overall segmental growth.

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Regionally, the Asia Pacific mobile card reader market is estimated to witness massive growth through 2032, owing to the rising internet penetration and increasing adoption of smartphones in the region. As per reliable reports, in 2020, the mobile internet penetration rate across the Asia Pacific countries was approximately 42%. It has been further projected that by 2025, more than 333 million people across the region will start using mobile internet for the first time, bringing the overall penetration rate to 52% of the population.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Mobile card reader industry 3600 synopsis, 2018 – 2032

2.2    Business trends

2.3    Regional trends

2.4    Solution trends

2.5    Deployment trends

2.6    Technology trends

2.7    Application trends

Chapter 3   Industry Insights

3.1    Introduction

3.2    Impact of COVID-19 pandemic

3.2.1    Global outlook

3.2.2    Impact on region

3.2.2.1   North America

3.2.2.2   Europe

3.2.2.3   Asia Pacific

3.2.2.4   Latin America

3.2.2.5   MEA

3.3    Impact of Russia-Ukraine war

3.4    Industry ecosystem analysis

3.4.1    Raw material suppliers

3.4.2    Component suppliers

3.4.3    Manufacturers

3.4.4    Technology providers

3.4.5    Service providers

3.4.6    Distributors

3.4.7    Profit margin analysis

3.4.8    End-users (OEMs)

3.4.9    Vendor matrix

3.5    Technology & innovation landscape

3.5.1    EVM chip card technology

3.5.2    Hybrid technology

3.6    Patent landscape

3.7    Investement portfolio

3.8    Key initiative & news

3.8.1    Acquisitions & mergers

3.8.2    Partnerships & collaborations

3.8.3    Product launches

3.8.4    Government initiatives

3.9    Regulatory landscape

3.9.1    International standards

3.9.1.1   ISO/IEC 7816

3.9.1.2   Federal Information Processing Standard (FIPS) 201

3.9.1.3   Global Platform (GP)

3.9.1.4   Common Criteria (CC)

3.9.1.5   EVM

3.9.2    North America

3.9.2.1   American National Standard Institute (ANSI) Standards

3.9.2.2   The Payment Card Industry Data Security Standard (PCI DSS)

3.9.2.3   PA-DSS

3.9.3    Europe

3.9.3.1   PSD 2

3.9.3.2   EN 50178

3.9.3.3   CE Compliant

3.9.4    Asia Pacific

3.9.4.1   Waste Electrical and Electronic Equipment Directive

3.9.4.2   Singapore EZ-Link

3.9.4.3   SNI Mark for Indonesia

3.9.4.4   KC Certification, South Korea

3.9.5    Latin America

3.9.5.1   Federal Consumer Protection Law (FCPL)

3.9.5.2   UNIT ISO/ IEC 27000

3.9.6    MEA

3.9.6.1   UAE RoHS Regulations

3.9.6.2   South Africa Bureau of Standards (SABS) and the Independent Communications Authority of South Africa (ICASA)

3.10    Industry impact forces

3.10.1    Growth drivers

3.10.1.1    Growing e-commerce industry globally

3.10.1.2    Rapid adoption of contactless payments after the COVID-19 pandemic

3.10.1.3    Rising adoption of smartphones for digital payments

3.10.1.4    Surge in the deployment of advanced technologies in mobile card readers

3.10.1.5    Rising government initiatives toward secure card transactions

3.10.2    Industry pitfalls & challenges

3.10.2.1    Technical issues associated with mobile card readers

3.10.2.2    Rising concern toward the use of eco-friendly products

3.11    Growth potential analysis

3.12    Porter's analysis

3.12.1    Supplier power

3.12.2    Buyer power

3.12.3    Threat of new entrants

3.12.4    Threat of substitutes

3.12.5    Internal rivalry

3.13    PESTEL analysis

3.13.1    Political

3.13.2    Economical

3.13.3    Social

3.13.4    Technological

3.13.5    Environmental

3.13.6    Legal

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

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UAE ADAS Market Analysis, Outlook, Forecast 2022-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the UAE automotive advanced driver assistance systems (ADAS)market size at USD 372.52 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the UAE ADAS market size to grow at a significant CAGR of 20.89% reaching a value of USD 1,162.89 million by 2029. Major growth drivers for the UAE ADAS market include an increasing awareness of road safety and growing preference for technologically advanced vehicles. ADAS offers various features that improve the driving experience, focusing on comfort and convenience. Also, the UAE government's regulations promote ADAS features in vehicles, driving market growth. Smart city initiatives enhance ADAS integration for improved traffic management and safety. Continuous innovation in ADAS includes features like autonomous emergency braking and driver monitoring. Integrating ADAS with connectivity and artificial intelligence leads to smarter vehicles. A prime example is the Toyota Crown, a luxurious, spacious, and reliable sedan highly regarded for its premium driving experience. UAE's commitment to advanced vehicle technologies positions it as a growing market for ADAS solutions. However, high cost of ADAS systems and lack of skilled labor to install and maintain ADAS systems are anticipated to restrain the overall market growth during the period in analysis.

UAE ADAS Market – Overview

The UAE Advanced Driver Assistance Systems (ADAS) Market refers to the industry and ecosystem in the United Arab Emirates that encompasses technologies, products, and services aimed at enhancing vehicle safety, improving driving experiences, and reducing accidents through various advanced driver assistance features. These features may include but are not limited to lane departure warning, adaptive cruise control, blind spot monitoring, autonomous emergency braking, pedestrian detection, and other technologies that assist drivers in making informed decisions and mitigating potential risks while driving. The UAE ADAS market is driven by government regulations, smart city initiatives, technological innovations, and a growing demand for intelligent and safer vehicles.

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Impact of COVID-19 on UAE ADAS Market

COVID-19 pandemic adversely affected the UAE ADAS market. The market, which was initially poised for growth, faced disruptions and challenges during the pandemic. Lockdowns, travel restrictions, and economic uncertainty led to a decline in vehicle sales and production, affecting the adoption of ADAS technologies. Many consumers postponed or canceled vehicle purchases, slowing down the integration of ADAS systems. Also, supply chain disruptions and manufacturing challenges disrupted the availability of ADAS components, hindering market growth. However, as the UAE has recovered and economic activities have resumed, the ADAS market has rebounded, driven by an emphasis on road safety and government support for advanced automotive technologies.

UAE ADAS Market – By System

By system, the UAE ADAS Market is divided into Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Adaptive Cruise Control System, Blind Spot Object Detection System, Lane Departure Warning System, and Adaptive Front-lighting System segments. The intelligent parking assist system segment holds the highest share in the UAE ADAS Market by system. ADAS includes a crucial feature: parking assistance, which aids drivers in parking their vehicles by utilizing sensors and cameras. This system evaluates parking space suitability and dimensions. Advanced versions even automatically adjust steering and speed during parking, preventing accidents. It accommodates both forward and reverse parking. In the UAE, consumers highly value this feature when buying vehicles, making it a significant factor in their purchase decisions, given the country's parking challenges. Meanwhile, the lane departure warning system segment holds the second highest place in the UAE ADAS market. The Lane Departure Warning System (LDWS) plays a pivotal role in enhancing road safety by alerting drivers when their vehicle drifts from its lane, reducing the risk of collisions, especially from rear-approaching vehicles. LDWS also mitigates accidents stemming from factors like distracted driving and fatigue, which are common causes of fatal incidents. This technology addresses prevalent issues such as lane-crossing and blind-spot accidents. Due to these advantages, UAE car buyers are increasingly favoring vehicles equipped with these advanced features.

Competitive Landscape

Major players operating in the UAE ADAS market include Bosch, Continental, Magna, Valeo, and ZF. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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Smart Parking for Smart Cities: Unveiling the Future of US Parking Management

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What is the Size of US Parking Management Industry?

US Parking Management industry is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028. The parking management in the United States is a substantial industry, driven by factors such as urbanization, increasing vehicle ownership & the need for efficient parking solutions.

The market consists of various types of parking facilities: on-street parking, off-street parking lots, garages & parking structures. These facilities are managed by municipalities, private companies & commercial property owners. Numerous companies specialize in providing comprehensive parking solutions. They offer services such as parking facility, design, operations, maintenance, security & revenue management. Advancement in technology has significantly impacted the parking management solutions. Many parking systems incorporate smart parking systems including sensors, cameras & mobile applications, to optimize parking space utilization & enhance overall user experience.

Cashless payment methods such as mobile apps & contactless payment systems have gained popularity, making it more convenient for drivers to pay for parking & reducing the reliance on traditional-based parking systems. The emergence of ride-sharing & micro-mobility services (e.g., scooters, bikes) & autonomous vehicles have the potential to reshape the parking management landscape. Parking companies are exploring partnerships & solutions to accommodate these new mobility options.

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Us parking management Market by parking sites

The US Parking Management market is segmented by Type into On-street and Off-Street. Off-street market, where individuals & businesses rent parking spaces outside of traditional parking lots or garages, has been a dominant segment in 2022. As urban areas continue to expand, the demand for parking spaces continues to exceed the supply. In densely populated cities, traditional parking facilities may not be able to keep up with the increasing demands, leading to emergence of off parking solutions.

Us parking management Market by deployment

US Parking Management market is segmented by Deployment type into On-premise and Cloud. The on-premise segment has been dominant in the market in 2022. On-premise segment offers various benefits which include enhanced security, reduced chances of downtime & better accessibility. Organizations have better control over data, as data doesn’t leave the organization’s premises leading to better data protections. Additionally, many firms rely on this method because of its enhanced reliability; in case of network failure & if the network connection is interrupted, employees can still access data & avoid downtime

Us parking management Market by Region

The US Parking Management market is segmented by Region into North, South, East & West North region of United States which includes cities like New York, Chicago & Boston have been the dominant force in the market in 2022.

These are densely populated cities which demand effective utilization of parking spaces. & experience challenges associated with urban congestion. It involves a mix of metered street parking, parked garages & permit systems for residents. These cities have been in the forefront of implementing advanced marketing technologies & innovative management strategies.

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Competition Scenario in US parking management Market

The parking management systems industry in US is undergoing significant changes due to technological advancements & evolving customer preferences. Parking management systems are increasingly incorporated by advanced technologies such as IoT (Internet of Things), data analytics & artificial intelligence. This allowed for real time monitoring of parking spaces, predictive analysis for parking availability.

The COVID-19 pandemic accelerated the adoption of contactless payment & reservation systems. Parking operators are focusing on providing touchless payment options, mobile-based booking & license plate recognitions for seamless entry & exit. Smart parking systems which involve sensors & cameras to monitor parking space availability & relay that information to users, have been gaining popularity. These systems not only enhance user convenience, but also enable parking facility operators to optimize space utilization.

The rise of ride-sharing services, electric vehicles & autonomous vehicles was impacting parking demand & patterns. Some parking management systems were adopting to accommodate electric vehicle charging stations & to potentially integrate with autonomous vehicle infrastructure in the future.

The parking sector saw the emergence of various start-ups offering innovative solutions, ranging from parking reservation platforms to parking space sharing services. Established companies have been adapting to changing landscapes by offering new technologies & features. This included companies providing parking equipment (kiosks & barriers), software solutions & consulting services.

What is the Expected Future Outlook for the Overall US parking management Market?

The US Parking Management market was valued at USD ~billion in 2022 and is anticipated to reach USD ~ billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

As cities continue to grow & urbanization increases, the demand for parking services will also rise. Smart parking solutions, including sensor-based parking systems, real-time analytics & mobile apps are likely to become more prevalent. These solutions can help drivers find available parking spaces quickly, reducing congestion & overall traffic flow.

The Internet of Things (IoT) will play a significant role in the parking management system, are expected to become standard in parking facilities. IoT enabled sensors & devices can provide real time data on parking space availability, traffic patterns & even vehicle emissions. This data can be used to optimize parking operations, reduce energy consumption & enhance the overall parking experience. Contactless payment methods, such as mobile wallets & RFID based systems are expected to become standard in parking facilities. This trend has been accelerated by the COVID-19 pandemic.

Parking management will be closely integrated with urban planning efforts. Cities will focus on designing smarter transportation systems that will promote sustainable mobility, which might lead to an emphasis on personal car ownership. This could result in a shift towards mixed-use developments where parking structures are designed to be more flexible & adaptable to changing transportation trends.

Advanced data analytics will enable parking operators to gain valuable insights to usage patterns, peak hours & revenue generation. This information can help optimize pricing strategies, improve resource allocation & enhance overall customer satisfaction. Government policies & regulations related to parking may continue to evolve. These changes will shape the way parking is managed & priced, encouraging more sustainable & efficient transportation.

[oliviadlima]

Physical Security Market is booming worldwide with Leading Key Players

According to a new report published by Allied Market Research, titled, “Physical Security Market,” The physical security market size was valued at $104.6 billion in 2020, and is estimated to reach $192.9 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.

Physical security is a component of a wider security strategy. Security experts agree that the three most important components of a physical security plan are access control, surveillance, and security testing, which work together to make any space more secure. Access control may start at the outer edge of a security perimeter, which one should establish early in the process. Users can use fencing and video surveillance to monitor access to the facility and secure the outdoor area, especially if they have on-site parking or other outside resources. Furthermore, growth in the number in terror attacks and growing awareness boost the growth of the global physical security market. In addition, growth in technological advancements also positively impacts the growth of the market. However, privacy concerns and lack of physical and logical security integration hamper the market growth. On the contrary, increase in demand for physical security in smart cities is expected to offer remunerative opportunities for expansion of the market during the forecast period.

Depending on industry vertical, IT and telecom segment holds the largest physical security market share as telecommunications industry is facing one of the biggest challenges for managing their networks of base stations. Thus, to properly handle their network issues and to increase the security of telecom operator companies are adopting physical security solutions which is enhancing the growth of the market. However, BFSI segment is expected to witness growth at the highest rate during the forecast period, with the implementation of highly advanced technologies into financial infrastructure, physical security has become an integral part of the BFSI industry. The key drivers of the physical security market in BFSI includes regulatory safety standards’ compliance, risk of data loss, and increase in the adoption of cloud security solutions at data centers, ATMs, corporate buildings, and cash depots.

Region-wise, the physical security market was dominated by North America in 2020 and is the home to major players offering advanced solutions in the physical security market. In addition, increase in security measures across various industry verticals, such as commercial, transportation, government, and others owing to high terrorism incidences in the region, are expected to drive the growth of the market during the forecast period.

However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the prominent government and police initiatives to enhance physical security software owing to the increase in crime rate. Factors such as increase in insider threats and physical attacks pose great risks on critical infrastructure zones, particularly in developing countries, such as China and India.

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With the outbreak of COVID-19, it is challenging to put new tools in place to mitigate risk going forward. Now is a good time to consider updating access control to a more modern, future-proofed system that can still be effective, even if 90% of the office is working remotely. Therefore, it also affected the physical security market growth.

KEY FINDINGS OF THE STUDY

By component, the services segment accounted for the largest physical security market share in 2020.

By region, North America generated highest revenue in 2020 in physical security industry

By enterprise size, large enterprise segment is expected to generate more revenue in the physical security market forecast in 2020.

The key players that operate in the physical security market analysis are ADT Inc., BAE Systems, Cisco system Inc., Genetec Inc., HONEYWELL INTERNATIONAL, INC., Johnson Controls, PELCO corporation, Robert Bosch GmbH, STANLEY CONVERGENT SECURITY SOLUTIONS, INC., and Senstar Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the physical security industry.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Major League Cricket: Igniting Future of Cricket in the USA

Cricket is a popular sport in many parts of the world, but it has not yet reached its full potential in the United States. The introduction of Major League Cricket (MLC) is set to change that.

How MLC is Igniting the Future of Cricket in the USA

Major league cricket is igniting the future of cricket in the USA in a number of ways.

First, the league is bringing together some of the biggest names in cricket to play in the USA. This will help to raise the profile of the sport in the country and attract new fans. Big players like Martin Guptill (New Zealand), Rilee Rossouw (South Africa), Jason Roy (England), Sunil Narine (West Indies), Andre Russell (West Indies), Devon Conway (New Zealand), Dwayne Bravo (West Indies), Mitchell Santner (New Zealand), Nicholas Pooran (West Indies), Rashid Khan (Afghanistan), Kieron Pollard (West Indies), Trent Boult (New Zealand), Kagiso Rabada (South Africa), Matthew Wade (Australia), Aaron Finch (Australia), Marcus Stoinis (Australia), Quinton de Kock (South Africa), Heinrich Klaasen (South Africa), Shimron Hetmyer (West Indies),Dasun Shanaka (Sri Lanka), Mitchell Marsh (Australia), Anrich Nortje (South Africa) etc.

Second, MLC is investing heavily in marketing and promotion. The league is working to reach out to new audiences and introduce them to the excitement of cricket.

Third, MLC is creating a world-class cricket infrastructure in the USA. The league is building new stadiums and training facilities that will help to grow the sport in the country. In May 2022, Major League Cricket announced it had acquired funds of $120 million and much more after.

As a result of these efforts, MLC is manage to make a major impact on cricket in the USA. The league has the potential to transform the sport in the country and make it a major force in American sports industry.

Introduction: Major League Cricket

Major League Cricket (MLC) is an American professional Twenty20 cricket league. It started play on July 13, 2023, with six teams representing significant American cities and was run by American Cricket Enterprises (ACE) under a single-entity format only.

Major League Cricket’s inaugural season was played over three weeks in July 2023, with games at Grand Prairie Stadium in Grand Prairie, Texas, and Church Street Park in Morrisville, North Carolina.

In 2018, USA Cricket sought partners to launch a domestic T20 league by 2021, with the aim of engaging existing fans, growing new ones and developing cricketing infrastructure across the country. In 2019, USA Cricket accepted a $1 billion investment from American Cricket Enterprises (ACE) to support the league and the U.S. national teams. American Cricket Enterprises (ACE), a group of investors led by Satyan Gajwani and Vineet Jain of The Times Group and Sameer Mehta and Vijay Srinivasan of Willow TV will handle commercial activities for T20I and ODI matches hosted by the United States.

In October 2020, USA Cricket announced that it would launch Major League Cricket in 2022, as part of its “foundational plan” for 2020–23. The following month, the IPL’s Kolkata Knight Riders (co-owned by Bollywood actor Shah Rukh Khan) announced that they would invest in American Cricket Enterprises (ACE), the company behind Major League Cricket.

Minor League Cricket Youth and Major League Cricket Youth leagues, coupled with an MLC Jr. Championship and player development program would serve as a development structure for younger players to advance toward Major League Cricket and the national squad. These leagues were announced by the MLC in February 2021. Major League Cricket’s debut was postponed to 2023 in May owing to COVID-19 and to give more time to build facilities.

It was announced in November 2022 that the inaugural MLC season will take place at Grand Prairie Stadium from July 13–30, 2023. Six franchises will play 15 league matches in a single round-robin format during the competition, followed by a four-match play-off phase.

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How Does Disney Deal with Money Problems at Their Theme Parks?

The Walt Disney Company, known for its iconic theme parks and resorts, occasionally faces financial challenges in the highly competitive and seasonal theme park industry.

Factors like economic downturns, natural disasters, and unexpected crises can impact attendance and revenue.

In this blog, we'll explore how Disney deals with money problems at their theme parks and resorts.

1. Diversification of Revenue Streams:

Disney employs a diversified revenue strategy to cushion the impact of financial challenges.

While theme parks are a significant income source, the company also relies on media networks, studio entertainment, merchandise, and streaming services.

This diversification helps offset losses in one sector with gains in another.

2. Cost Management and Efficiency:

When financial challenges arise, Disney looks for opportunities to improve cost management and efficiency within its theme park operations.

This may include reducing non-essential expenses, renegotiating contracts with suppliers, and optimizing staffing levels to match attendance.

3. Pricing Adjustments:

Disney may adjust ticket prices and resort fees to address revenue shortfalls.

However, they must strike a delicate balance between maximizing revenue and maintaining affordability for guests, ensuring they don't price themselves out of the market.

4. Expanding International Markets:

Disney explores opportunities to expand into new international markets, such as the opening of Shanghai Disney Resort in 2016.

Expanding globally can diversify revenue sources and tap into emerging markets with growing middle-class populations and a thirst for Disney experiences.

5. Investments in Attractions and Experiences:

To attract and retain guests, Disney consistently invests in new attractions, experiences, and entertainment.

These investments are designed to enhance the overall guest experience, boost attendance, and generate incremental revenue from admissions, merchandise, and dining.

6. Marketing and Promotion:

Disney employs marketing and promotional campaigns to drive attendance during challenging times.

Special events, limited-time offers, and targeted advertising can encourage visitation and boost revenue.

7. Digital and Data-Driven Strategies:

Disney leverages data and digital technologies to enhance the guest experience and drive revenue.

This includes mobile apps for reservations and virtual queuing, personalized offers and recommendations, and digital marketing campaigns to increase guest engagement and spending.

8. Special Events and Seasonal Offerings:

Disney hosts seasonal events like Halloween parties and holiday celebrations, which can attract visitors during traditionally slower periods.

These events often come with additional ticket costs and opportunities for merchandise and food sales.

9. Hotel and Resort Enhancements:

Disney invests in its hotel and resort properties, adding new rooms, restaurants, and amenities to cater to a wider range of guests and increase occupancy rates.

This not only generates revenue but also extends the guest experience beyond the theme parks.

10. Crisis Management and Flexibility:

When unforeseen crises like natural disasters or public health emergencies occur, Disney responds with crisis management strategies.

During the COVID-19 pandemic, for instance, Disney temporarily closed its parks, implemented health and safety measures, and adapted its operations to ensure guest safety.

It also offered refunds and flexible booking options to maintain guest trust and loyalty.

11. Long-Term Planning:

Disney takes a long-term view when dealing with financial challenges at its theme parks.

The company considers market trends, evolving consumer behaviors, and the competitive landscape to inform its strategic decisions.

12. Operational Efficiencies:

Efficiency measures like optimizing ride schedules, reducing energy consumption, and streamlining food and beverage operations can help cut costs without sacrificing the guest experience.

In conclusion, The Walt Disney Company employs a multifaceted approach to deal with money problems at its theme parks and resorts.

While these challenges can be formidable, Disney's diversification, strategic investments, marketing savvy, and commitment to delivering magical experiences often allow it to weather financial storms and continue providing enchanting memories for visitors around the world.

The ability to adapt and innovate is key to Disney's ongoing success in the theme park industry, ensuring that the magic endures even during challenging times.