Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Asia Pacific To Drive Retail Sales Globally

Asia Pacific To Drive Retail Sales Globally

Another report has indicated that the Asia Pacific locale will keep on being a significant driver of worldwide obligation-free and travel retail sales. The Asia Pacific travel retail industry created an expected US$36.2 billion out of 2017, which represented 45 percent of an absolute worldwide obligation-free and travel retail deals and is anticipated to keep up its worldwide market authority at an expected 8.7 percent yearly development rate between 2017 to 2022. The report recognizes a few key patterns in the business crosswise over the Asia Pacific. It finds that East Asian markets are driving development, with South Korea being the world's biggest obligation free market representing about US$12 billion in deals. China and Japan are likewise comprehensively huge markets, with Mainland China foreseen to reinforce its situation as the second greatest player in the area.

The report features the criticalness of the Asia Pacific district to a worldwide obligation-free and travel retail, and on a large scale level to economies in the locale through employment creation and commitment to GDP. "As the business body that supports, ensures, and sustains the development of the movement retail industry, they are energized by the positive patterns showed by the report discoveries.

Understanding the business' size and its effect on the local economy just as the hidden driving force for developing travel retail inclines is basic to guaranteeing industry importance and long haul development. As the movement retail scene develops, the administrative condition is advancing as well. APTRA anticipates applying the report discoveries and working with local partners to help outline and create arrangements that will add to the feasible development of the business in years to come


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...