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Most Recent Press Releases are listed first. To read the full article click on title

Single Feed Scanner to Drive India Cheque Scanner Market Over the Next Six Years – 6Wresearch
20 December 2016

According to 6Wresearch, India Cheque Scanner Market is projected to grow at a CAGR of 5.6% during 2017-22. India’s Cheque Scanner Market is expected to grow on the back of continued rise in CTS cheque volumes which is expected to cross 1 billion mark in the next couple of years. With the recent move of Demonetization by the Government in November, 2016, the usage of cheques as a reliable and secure instrument of monetary transaction is expected to rise.

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GCC Solar Equipment Market to Reach $8,852.5 Million by 2022, Acwa Power, Masdar, TKS, Solar Companies Along with Other Local Companies to be Key Market Players - 6Wresearch
19 December 2016

According to 6Wresearch, GCC Solar Equipment Market is projected to reach $8,852.5 Million by 2022. The market for solar equipment in GCC region has registered growth in last few years due to growing awareness and initiatives taken by the governments to promote power generation from solar power. During the forecast period, the market for solar equipment is anticipated to rise owing to the renewable energy targets of various GCC countries.

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Government Initiatives Coupled with Reduction in Cost to Drive India’s Solar Water Pumping System Market– 6Wresearch
06 December 2016

According to 6Wresearch, India Solar Water Pumping System Market is projected to grow at a CAGR of 18.7% during FY 2017-22. At present, solar water pumping system market in India is subsidy driven, where non-subsidized pumps accounts for marginal share in the market. The Ministry of New and Renewable Energy (MNRE) is implementing solar pumping programme through States, NABARD & other Government departments. MNRE is providing 30% capital subsidy for setting up of solar water pumping systems.

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India Routers and Switches Market Revenues to Reach $579 Million by 2016- 6Wresearch
06 December 2016

According to 6Wresearch, India Routers and Switches market revenues are estimated to reach over $579 million in 2016. India’s routers and switches market is buoyed by several factors predominantly adoption of 3rd platform solutions such as cloud, mobility, big data & social business, internet enabled devices, Bring Your Own Device (BYOD), and growing number of SMEs in the country. Apart from this, India’s rising internet penetration along with growing IT spending spurred the market for routers and switches in the country. India’s internet penetration is poised to reach 40% - 45%, and IT spending to touch $116 billion by 2022.

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India Internet of Things Market to Grow at a CAGR of 28.2% during 2016-22; Driven by Industrial Vertical– 6Wresearch
24 November 2016

According to 6Wresearch, India Internet of Things Market is projected to grow at a CAGR of 28.2% during 2016-22. In India IoT market, Industrial IoT accounted for majority of the market share followed by consumer IoT. Industrial IoT segment market is registering growth on account of rise in industrial applications for increase in production. Government efforts to increase internet penetration through “Digital India Campaign” is resulting in spreading awareness and adoption of IoT amongst end users.

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