A survey on small and medium enterprises (SMEs) in Thailand in 2021 found that around **** percent of SMEs experienced less income from the COVID-19 pandemic. SMEs are considered one of the most important business sectors in Thailand, contributing a large part to the country's exports and GDP.

 A country driven by small and medium businesses 

SMEs have been regarded as one of the most significant drivers of the Thai economy and contributes to around half of the country’s GDP. Despite being large in numbers, SMEs in Thailand still have limitations in terms of business infrastructure. The government has realized this and thus created the Office of SMEs Promotion as an effort to ease business operations for SMEs. The continuous governmental support and the increased accessibility of starting a business has then led to a substantial increase in SMEs, thus contributing to a stable growth in GDP, especially for the industry and services sector.

 The economic effect on SMEs of COVID-19 

 The COVID-19 pandemic has undeniably affected many SMEs in Thailand. The pandemic has first limited the flow of tourism which then led to a chain effect that disturbed other core sectors. Additionally, stringent government policies towards the pandemic have also directly affected the survivability of SMEs, leading to many businesses being shut down as well as many workers being laid-off. However, private efforts from the businesses itself have managed to sustain its operations for some businesses. One of the most effective practices include finding additional channels of income, especially adapting to online channels.

The overwhelming majority of small and medium-sized enterprises are micro, meaning that they employ fewer than ** workers. There were over ****** medium-sized firms, meaning ** to *** employees. However, the *** million micro firms had a higher number of persons employed than their larger counterparts. The impact of SMEs in the Spanish economy SMEs gave the Spanish economy over *** billion euros per year in value added. In a country where the gross domestic product, or size of the country’s economy, is roughly *** trillion euros, these smaller firms have a significant economic impact on the overall economy. SMEs and employment In addition to benefitting the country through added economic growth, they also provide jobs. In recent years, the unemployment rate in Spain has been persistently high. One option for new jobs is to start new companies. Unlike a large incumbent firm, a startup is often able to pivot quickly to provide the most in-demand products and services, which may be in part why Spain’s economy relies so heavily on SMEs.

Small & Medium-Sized Enterprises (SMEs) Insurance Market Outlook

The global market size for Small & Medium-Sized Enterprises (SMEs) Insurance is projected to witness significant growth from USD 212 billion in 2023 to USD 351 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.1%. This growth is primarily driven by the increasing awareness among SMEs about the importance of risk management and financial protection, coupled with the rapid digitalization of services offering heightened accessibility and customized insurance solutions. As more small and medium-sized businesses recognize the potential vulnerabilities they face, whether in terms of physical assets, legal liabilities, or operational disturbances, the demand for comprehensive insurance coverage is expected to rise steadily throughout the forecast period.

A key growth factor for the SMEs Insurance market is the expanding awareness and understanding of risk management among small and medium-sized enterprises. As these businesses grow, they become more conscious of the potential risks and uncertainties that can impact their operations. From natural disasters to cyber threats, the range of potential disruptions has widened, necessitating a robust insurance framework. Furthermore, SMEs are increasingly recognizing the role of insurance not just as a safeguard, but as a strategic tool to ensure business continuity and resilience. The burgeoning entrepreneurial landscape, marked by a surge in startup activities and innovation across various sectors, also bolsters the need for tailored insurance products that can support these businesses through their different stages of growth.

In addition to risk awareness, technological advancements in the insurance sector play a pivotal role in driving market growth. The rise of InsurTech has revolutionized how insurance products are designed, underwritten, and distributed. Advanced analytics, AI, and machine learning are enabling insurers to create more personalized and flexible products that cater specifically to the needs of SMEs. These technologies also facilitate more efficient claims processing and customer service, enhancing the overall experience for enterprise clients. The digital transformation across the insurance value chain is making it easier and more cost-effective for SMEs to access the insurance products they need, contributing to market expansion.

Another significant factor contributing to market growth is regulatory support and government initiatives aimed at promoting SME insurance. In many regions, governments recognize SMEs as crucial engines of economic growth and are therefore incentivizing insurance uptake through various policy measures. This includes tax benefits, subsidies, and the creation of risk pools to make insurance more affordable and accessible. Such initiatives are particularly prevalent in emerging economies where the SME sector forms a substantial part of the GDP, and yet, remains underinsured. By encouraging SMEs to safeguard their operations, governments are not only protecting the businesses but also securing broader economic stability.

Regionally, the Small & Medium-Sized Enterprises Insurance market is expected to exhibit varied growth patterns, with Asia Pacific leading the charge in terms of expansion. The rapid industrialization and proliferation of SMEs in countries such as China and India drive the demand for comprehensive insurance solutions. North America and Europe are also significant markets due to their well-established insurance industries and regulatory frameworks that support SME growth. Meanwhile, regions like Latin America and the Middle East & Africa, although smaller in market size, are poised for growth due to increasing entrepreneurial activities and improving economic conditions.

Coverage Type Analysis

The SMEs Insurance market is diversified across several coverage types, each serving distinct needs of small and medium-sized businesses. Property insurance remains one of the foundational products in this segment, offering protection against damages to physical assets caused by events such as fires, theft, or natural disasters. With the growing value of real estate and equipment owned by SMEs, property insurance is becoming increasingly indispensable. This segment is characterized by a shift towards more comprehensive policies that not only cover physical damage but also include elements such as business interruption to mitigate the financial impacts of unforeseen events.

Liability insurance is another critical component in the SMEs Insurance portfolio, safeguarding businesses ag

Small and Medium-sized Enterprises (SMEs) play a significant role in Ghana's economy. In 2023, over ** percent of business enterprises in the country were SMEs. Moreover, they did not only form around ** percent of the total employment in Ghana but also accounted for some ** percent of the country's GDP.

Ethics reference: 2022_FBMSREC 046Abstract: Small, Medium, and Micro Enterprises (SMMEs) play a pivotal role in driving economic growth and fostering development globally, as well as in the specific context of South Africa. This importance is particularly evident in the civil, building, and mechanical engineering industries, where SMMEs contribute significantly to the country's Gross Domestic Product (GDP) and hold the potential to alleviate poverty, reduce unemployment, and promote inclusivity and fairness. This dataset explores the multifaceted significance of SMMEs in these industries.Globally, SMMEs are recognized as engines of economic growth due to their capacity to innovate, create jobs, and generate income. In South Africa, these enterprises have a profound impact on the economy, contributing poverty alleviation and income generation social inclusion. SMMEs involvement in the civil engineering, building construction, and mechanical engineering sectors are particularly crucial, as they drive infrastructure development, job creation, and skills enhancement as a future economic jack. While, the primary objective of the study is to investigate the challenges faced by SMMEs through the broader economic trends by unidentified household brand names which influence lack of capital cash-flow based on the marketing tools.The vital role of SMMEs in South Africa's GDP and poverty reduction is underscored by their potential to create employment opportunities, especially for marginalized communities, which finds expression in in the engineering and construction sector like many other economic sectors. These enterprises facilitate skills development and contribute to localized economic growth, thereby advancing inclusivity and social equity. However, SMMEs in the civil, building, and mechanical engineering industries confront an array of challenges, including limited access to financing, inadequate skills development, regulatory hurdles, and market access constraints. This empirical study evaluated the marketing tools that will influence capital cash-flow in SMMEs. The study employed comparative methodology comprised of quantitative closed-ended questionnaire and qualitative open-ended questionnaire. Which linked well with pragmatic paradigm. The study aimed at utilising 130 SMMEs participants from the engineering sector. Backed by this dataset, the study revealed that most private sectors are engaged in supporting the growth and mentoring of SMMEs. Additionally, the Free-State government provides financial support and facilitates marketing access to the SMMEs. The study recommends that the Free-State government should intensify programmes of skills knowledge development and marketing competition to maintain capital cash-flow sustainability in SMMEs.

The micro, small and medium enterprises sector in India, just like the population, is second only to China. In financial year 2016, the total number of MSMEs in the country was more than ** million. The majority comprised of micro enterprises, with a higher number in rural areas than urban parts of the country. More often than not, these were run by the owners with little or no support and revenue earnings as a priority. MSME significanceMSMEs are vital for the economy in terms of their contribution to the market and generation of employment in the country. The manufacturing output of MSMEs was close to ** trillion Indian rupees during financial year 2015. The output from the enterprises also accounted for an almost ** percent contribution to the GDP in the same financial year. A glance at the enterprisesBetween the two sectors, the dominant hand is laid by the service sector, which had an employment figure of approximately ** million, whereas the manufacturing sector could only pull off half that number. Most of the employment comes from unregistered enterprises, with hesitations and avoidance of the difficult registration process quite evident. The saying “small things make the largest impact” holds true for MSMEs in India where small enterprises had a fixed asset value of over * trillion Indian rupees. With more infrastructural input and a simplified process of registration and receiving benefits from the government, MSMEs in the country are destined to go a long way.

Abstract

The intention is to collect data for the calendar year 2009 (or the nearest year for which each business keeps its accounts. The survey is considered a one-off survey, although for accurate NAs, such a survey should be conducted at least every five years to enable regular updating of the ratios, etc., needed to adjust the ongoing indicator data (mainly VAGST) to NA concepts. The questionnaire will be drafted by FSD, largely following the previous BAS, updated to current accounting terminology where necessary. The questionnaire will be pilot tested, using some accountants who are likely to complete a number of the forms on behalf of their business clients, and a small sample of businesses. Consultations will also include Ministry of Finance, Ministry of Commerce, Industry and Labour, Central Bank of Samoa (CBS), Samoa Tourism Authority, Chamber of Commerce, and other business associations (hotels, retail, etc.).

The questionnaire will collect a number of items of information about the business ownership, locations at which it operates and each establishment for which detailed data can be provided (in the case of complex businesses), contact information, and other general information needed to clearly identify each unique business. The main body of the questionnaire will collect data on income and expenses, to enable value added to be derived accurately. The questionnaire will also collect data on capital formation, and will contain supplementary pages for relevant industries to collect volume of production data for selected commodities and to collect information to enable an estimate of value added generated by key tourism activities.

The principal user of the data will be FSD which will incorporate the survey data into benchmarks for the NA, mainly on the current published production measure of GDP. The information on capital formation and other relevant data will also be incorporated into the experimental estimates of expenditure on GDP. The supplementary data on volumes of production will be used by FSD to redevelop the industrial production index which has recently been transferred under the SBS from the CBS. The general information about the business ownership, etc., will be used to update the Business Register.

Outputs will be produced in a number of formats, including a printed report containing descriptive information of the survey design, data tables, and analysis of the results. The report will also be made available on the SBS website in “.pdf” format, and the tables will be available on the SBS website in excel tables. Data by region may also be produced, although at a higher level of aggregation than the national data. All data will be fully confidentialised, to protect the anonymity of all respondents. Consideration may also be made to provide, for selected analytical users, confidentialised unit record files (CURFs).

A high level of accuracy is needed because the principal purpose of the survey is to develop revised benchmarks for the NA. The initial plan was that the survey will be conducted as a stratified sample survey, with full enumeration of large establishments and a sample of the remainder.

Geographic coverage

National Coverage

Analysis unit

The main statistical unit to be used for the survey is the establishment. For simple businesses that undertake a single activity at a single location there is a one-to-one relationship between the establishment and the enterprise. For large and complex enterprises, however, it is desirable to separate each activity of an enterprise into establishments to provide the most detailed information possible for industrial analysis. The business register will need to be developed in such a way that records the links between establishments and their parent enterprises. The business register will be created from administrative records and may not have enough information to recognize all establishments of complex enterprises. Large businesses will be contacted prior to the survey post-out to determine if they have separate establishments. If so, the extended structure of the enterprise will be recorded on the business register and a questionnaire will be sent to the enterprise to be completed for each establishment.

SBS has decided to follow the New Zealand simplified version of its statistical units model for the 2009 BAS. Future surveys may consider location units and enterprise groups if they are found to be useful for statistical collections.

It should be noted that while establishment data may enable the derivation of detailed benchmark accounts, it may be necessary to aggregate up to enterprise level data for the benchmarks if the ongoing data used to extrapolate the benchmark forward (mainly VAGST) are only available at the enterprise level.

Universe

The BAS's covered all employing units, and excluded small non-employing units such as the market sellers. The surveys also excluded central government agencies engaged in public administration (ministries, public education and health, etc.). It only covers businesses that pay the VAGST. (Threshold SAT$75,000 and upwards).

Kind of data

Sample survey data [ssd]

Sampling procedure

-Total Sample Size was 1240 -Out of the 1240, 902 successfully completed the questionnaire. -The other remaining 338 either never responded or were omitted (some businesses were ommitted from the sample as they do not meet the requirement to be surveyed) -Selection was all employing units paying VAGST (Threshold SAT $75,000 upwards)

WILL CONFIRM LATER!!

OSO LE MEA E LE FAASA...AEA :-)

Mode of data collection

Mail Questionnaire [mail]

Research instrument

1. General instructions, authority for the survey, etc;
2. Business demography information on ownership, contact details, structure, etc.;
3. Employment;
4. Income;
5. Expenses;
6. Inventories;
7. Profit or loss and reconciliation to business accounts' profit and loss;
8. Fixed assets - purchases, disposals, book values
9. Thank you and signature of respondent.

Supplementary Pages Additional pages have been prepared to collect data for a limited range of industries. 1.Production data. To rebase and redevelop the Industrial Production Index (IPI), it is intended to collect volume of production information from a selection of large manufacturing businesses. The selection of businesses and products is critical to the usefulness of the IPI. The products must be homogeneous, and be of enough importance to the economy to justify collecting the data. Significance criteria should be established for the selection of products to include in the IPI, and the 2009 BAS provides an opportunity to collect benchmark data for a range of products known to be significant (based on information in the existing IPI, CPI weights, export data, etc.) as well as open questions for respondents to provide information on other significant products. 2.Tourism. There is a strong demand for estimates of tourism value added. To estimate tourism value added using the international standard Tourism Satellite Account methodology requires the use of an input-output table, which is beyond the capacity of SBS at present. However, some indicative estimates of the main parts of the economy influenced by tourism can be derived if the necessary data are collected. Tourism is a demand concept, based on defining tourists (the international standard includes both international and domestic tourists), what products are characteristically purchased by tourists, and which industries supply those products. Some questions targeted at those industries that have significant involvement with tourists (hotels, restaurants, transport and tour operators, vehicle hire, etc.), on how much of their income is sourced from tourism would provide valuable indicators of the size of the direct impact of tourism.

Cleaning operations

Partial imputation was done at the time of receipt of questionnaires, after follow-up procedures to obtain fully completed questionnaires have been followed. Imputation followed a process, i.e., apply ratios from responding units in the imputation cell to the partial data that was supplied. Procedures were established during the editing stage (a) to preserve the integrity of the questionnaires as supplied by respondents, and (b) to record all changes made to the questionnaires during editing. If SBS staff writes on the form, for example, this should only be done in red pen, to distinguish the alterations from the original information.

Additional edit checks were developed, including checking against external data at enterprise/establishment level. External data to be checked against include VAGST and SNPF for turnover and purchases, and salaries and wages and employment data respectively. Editing and imputation processes were undertaken by FSD using Excel.

Sampling error estimates

NOT APPLICABLE!!

FeSi15 Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

Global FeSi15 Market Drivers

The market drivers for the FeSi15 Market can be influenced by various factors. These may include:

Economic Growth: The FeSi15 market is heavily influenced by overall economic growth. As economies expand, industrial activities increase, driving demand for materials like FeSi15. Growing industries such as automotive, aerospace, and electronics contribute to higher consumption rates. Additionally, infrastructure projects often require specialized materials, further boosting demand. Economic stability encourages investment in various sectors, leading to a ripple effect that benefits suppliers and manufacturers of FeSi15. Fluctuations in GDP and regional economic performance can significantly impact market dynamics, making economic growth a crucial driver for the FeSi15 market.

Technological Advancements: Technological advancements play a pivotal role in shaping the FeSi15 market. Innovations in manufacturing processes improve efficiency, reduce costs, and enhance product quality, making it easier for companies to integrate FeSi15 into their supply chains. Furthermore, advancements in research and development lead to the discovery of new applications for FeSi15 in various industries, including energy storage and renewable technologies. The ongoing evolution of technology also facilitates better recycling methods, making the production process more sustainable. As industries adopt new technologies, the demand for high-quality FeSi15 materials continues to rise.

Global FeSi15 Market Restraints

Several factors can act as restraints or challenges for the FeSi15 Market. These may include:

High Production Costs: The production of FeSi15, a crucial component in various industrial applications, is marked by high costs associated with sourcing raw materials, energy consumption, and labor. These expenses can strain profit margins, particularly for smaller manufacturers who may lack economies of scale. Companies are compelled to optimize operational efficiencies and explore cost-effective raw material alternatives. Regulatory compliance also adds financial burdens, as industries must adhere to stringent environmental standards. Consequently, the high production costs can deter new entrants from the FeSi15 market, consolidating power among established players and potentially leading to price fluctuations that affect market stability.

Regulatory Challenges: The FeSi15 market is subject to extensive regulatory oversight, with policies governing its production, distribution, and utilization. Compliance with environmental and safety regulations can be complex and costly, impacting manufacturers' ability to operate efficiently. Stricter regulations may emerge due to increasing environmental concerns, necessitating significant investments in cleaner technologies and processes. These compliance efforts can divert financial resources from research and development, slowing innovation and market growth. Additionally, navigating the regulatory landscape can pose challenges for new entrants and small businesses, leading to reduced competition and potential monopolization by larger players who have more resources to deal with such complexities.

Abstract

The MSME sector in Kenya has over the years been recognized for its role in provision of goods and services, enhancing competition, fostering innovation, generating employment and in effect, alleviation of poverty. The crucial role of MSMEs is underscored in Kenya's Vision 2030 - the development blueprint which seeks to transform Kenya into an industrialized middle-income country, providing a high-quality life to all its citizens by the year 2030. The MSME sector has been identified and prioritized as a key growth driver for achievement of the development blue print.

The measurement of the size of the sector in terms of employment as well as its contribution to Gross Domestic Product [GDP] and the generation of income is of major importance. This is not only because of their usefulness in the design of appropriate policies and programmes but also in understanding their dynamics in terms of income, wages, growth patterns, sector and their evolving nature among others. MSMEs tend to be dynamic: the structure and their operations change considerably within a short time. The last comprehensive study is the 1999 National Micro and Small Enterprise (MSE) Baseline Survey. The 2016 National MSME Survey was therefore, designed to respond to the existing data gap and sought to provide data at national and county levels. The unit of observation was the establishments and the survey targeted those that engaged at most 99 persons. The terms establishment, enterprise and business are however, used interchangeably in this report.

Geographic coverage

i) National ii) Counties and iii) Urban and rural residence

Analysis unit

i) National ii) Counties and iii) Urban and rural residence

Kind of data

Census/enumeration data [cen]

Sampling procedure

Survey Design The previous MSE studies used the household-based approach to identify businesses/establishments. However, the 2016 MSME survey, in addition to the household-based approach, interviewed businesses/establishments identified from business registers maintained by county governments. The 2016 MSME survey was cross-sectional and was designed to provide estimates at national and county levels. The survey used a representative probability sample design aimed at producing estimates at the following domains; · National · Counties and · Urban and rural residence (For Unlicensed businesses only.

The survey adopted a stratified random sampling method for the establishment-based sample in which a systematic random sample of establishments was drawn using equal probability selection method. For the household-based sample, a two-stage stratified cluster sampling design was used where the first stage involved selection of 600 clusters (354 in rural and 246 in urban) with equal probability. In the second stage, a uniform random sample of 24 households in each cluster was selected using systematic random sampling method.

Mode of data collection

Face-to-face [f2f]

Research instrument

One Enterprise questionnaire

There were estimated to be approximately **** million small and medium-sized enterprises (SMEs) in the European Union in 2024, with the vast majority of these enterprises micro-sized firms which only employed fewer than nine people. A further **** million enterprises were small firms with between ** and ** employees, while ******* were medium-sized firms that had ** to *** employers. The contribution of SMEs to the European Economy Small and medium sized enterprises (SMEs) form the backbone of the European economy. These companies comprise around **** percent of all active businesses in Europe, while producing almost ** percent of total value added in the EU. These companies are not just economically important to the continent however, as they also form an important part of the cultural fabric of European communities, with SMEs being particularly important for rural regions and smaller towns.

Almost ** million employed by SMEs In 2024 SME’s in the European Union employed almost ** million people. In Europe’s biggest economy, Germany, SMEs employed **** million people, with over *** million people employed by small-sized enterprises alone.

The impact of the coronavirus (COVID-19) pandemic had not only brought the global economy to a standstill but set the clock backwards on the developmental progress of several nations. While the rate of infection in India did not appear to be as high as in other countries, precautionary measures adopted dealt a severe blow to the country’s major industries - with the service sector bearing the largest brunt of estimated loss. Manufacturing made a swift recovery in the following months.

Impact of key industries

The loss incurred by enforcing a lockdown in the country was estimated at 26 billion U.S. dollars and a significant decline in GDP growth is also expected in the June quarter of 2020. With the imposition of restrictions on transportation worldwide, the trade sector also took a hit. Exports and imports saw a drastic decline in the country especially in the case of essential commodities such as petroleum, food crops, and coal, among others.

Effect on business in India

The growth rate of the automotive business in India was expected to be the most adversely affected followed by the power supply and IT sectors. Furthermore, many startups, small and medium enterprises in India expected to face issues of supply disruption and a decrease in demand. The effects of aid from the Narendra Modi-led government arguably did little to help in the face of a faltering economy.

According to Cognitive Market Research, the global Mobile Point of Sale Terminals market size will be USD 49245 million in 2025. It will expand at a compound annual growth rate (CAGR) of 12.40% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 18220.6 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 14281.0 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 11818.8 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1871.3 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.1% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1969.8 million in 2025 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 1083.3 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2025 to 2033.
Restaurants is the fastest growing segment of the Mobile Point of Sale Terminals industry

Market Dynamics of Mobile Point of Sale Terminals Market

Key Drivers for Mobile Point of Sale Terminals Market

Increasing Adoption of Smartphones and Tablets to Boost Market Growth

The widespread adoption of smartphones and tablets is a primary driver for the mPOS market, with 5.6 billion people (69% of the global population) subscribing to mobile services by the end of 2023, marking an increase of 1.6 billion since 2015. Mobile internet penetration has grown even faster, with 58% of the global population using mobile internet, totaling 4.7 billion users, an increase of 2.1 billion since 2015. Mobile technologies and services contributed 5.4% to global GDP in 2023. As smartphones and tablets are increasingly equipped with features like NFC, Bluetooth, and Wi-Fi, they can function as mPOS terminals. These devices are more affordable and accessible than traditional POS systems, making mPOS solutions a viable option for small businesses, startups, and even large retail chain.

https://www.gsma.com/solutions-and-impact/connectivity-for-good/mobile-economy/wp-content/uploads/2024/02/260224-The-Mobile-Economy-2024.pdf/

Growth in Cashless Transactions to Boost Market Growth

The shift toward cashless and digital payments has significantly fueled the growth of the mPOS market. Mobile wallet payments, including purchases and person-to-person (P2P) transfers, saw strong growth, reaching 14.4 billion transactions in 2022, up from 2.9 billion in 2018, surpassing the 11.2 billion check transactions estimated for 2021. In 2022, 55.9% of the 13.8 billion mobile wallet purchases were made via in-person merchant terminals, compared to a 50-50 split in 2018. P2P and money transfer payments also grew, reaching 9.5 billion in 2022, up from 1.6 billion in 2018. This growth is driven by increasing consumer preference for contactless payments due to their convenience, speed, and security, as well as government initiatives promoting cashless transactions to reduce physical money handling costs, improve security, and combat tax evasion.

https://www.federalreserve.gov/paymentsystems/fr-payments-study.htm#:~:text=Mobile%20wallet%20payments%2C%20mostly%20purchases,and%2049.3%20percent%20by%20value/

Restraint Factor for the Mobile Point of Sale Terminals Market

Security concerns, Will Limit Market Growth

Security remains a major concern for both businesses and consumers regarding mobile payment solutions. Key security challenges in the mPOS market include the risk of data breaches, as mobile devices are vulnerable to cyberattacks, which can lead to financial losses and reputational damage. Fraud risk is another issue, with mPOS systems, particularly in regions with less developed payment infrastructures, being susceptible to card cloning, identity theft, and unauthorized transactions. Additionally, ensuring compliance with security standards like PCI DSS (Payment Card Industry Data Security Standard) is a complex and costly task for mPOS providers, especially when mana...

Janitorial service companies in Canada have been navigating a turbulent period marked by economic fluctuations and evolving market demands. Initially, as nonresidential construction suffered a decrease during COVID-19 due to social distancing measures and closed offices, commercial demand for janitorial services waned. However, an upswing in residential construction, driven by low interest rates, somewhat offset these losses, preventing a dramatic dip in revenue during the pandemic's height. After the initial pandemic-induced revenue drop, the industry’s fortunes were revived in 2021 and 2022 as corporate profit surged. However, this momentum was soon stymied by supply chain disruptions and rising inflation, which increased operating costs and cut into companies’ incomes. The industry's trajectory further stalled as the negative impact of high interest rates chilled residential construction and a resultant decline in consumer spending due to recessionary fears further contracted demand for commercial cleaning services. Since these developments reduced revenue in 2023 and 2024, profit’s revenue share has declined over the past few years. Overall, revenue for janitorial service companies in Canada has crept downward at a CAGR of 1.1% over the past five years, reaching $CA7.9 billion in 2025. This includes a 2.1% increase in revenue in that year. Looking forward, providers are poised to leverage an optimistic economic outlook despite potential hurdles due to changes in US policy. Anticipated reductions in interest rates by the Bank of Canada could boost both residential and nonresidential construction, consequently revitalizing demand for cleaning services. With economic growth expected to increase GDP and per capita disposable income, this should fuel consumer spending, leading to greater corporate profit and, therefore, more investment in the industry’s services. In response, companies are likely to diversify their offerings, focusing on niche areas like green cleaning initiatives, as consumer sentiment towards climate change shifts. Technological advancements such as AI and robotics are also expected to reshape how services are delivered, enhancing efficiency but potentially sidelining smaller providers unable to keep pace. Overall, revenue for janitorial services providers in Canada is forecast to expand at a CAGR of 2.6% over the next five years, reaching $CA9.0 billion in 2030.

A recent analysis on the impact of Brexit suggests that in 2023, the United Kingdom's economy was *** percent smaller than it would have been in a base scenario where the UK never left the EU. The estimated hit to the UK's gross domestic product (GDP) increases to ***** percent in 2024, and to *** percent by 2025 in this forecast. UK growth cut at start of turbulent 2025 After growing by *** percent in 2024, the UK economy is expected to grow by *** percent in 2025, down from an earlier forecast of *** percent. As of 2025, the UK economy is approximately *** percent larger than it was just before the COVID-19 pandemic five years earlier, which delivered a sudden and severe economic shock to the country. While the initial bounce back from this collapse was robust, the recovery slowed by the end of 2020, and it wasn't until late 2021 that the economy returned to its pre-pandemic size. Throughout 2022 and 2023, the economy continued to struggle, and even experienced a recession at the end of 2023. How voters feel about Brexit in 2025 Since the middle of 2021, a growing majority of voters in Britain have advised that they think Brexit was the wrong decision. As of January 2025, around ** percent thought it was wrong to leave the EU, compared with just ** percent in April 2021. By comparison, the share of Britons who think Brexit was the right decision has fallen from ** percent to ** percent in the same time period. Voters are, however, still quite divided on what relationship they want with the EU, with only ** percent supporting rejoining completely. Furthermore, Brexit has fallen behind other issues for voters such as the economy, the NHS, and immigration and the issue played a much smaller role in the 2024 election than it did in 2019.

In 2024, small and medium-sized enterprises in the United Kingdom had a combined turnover of over **** trillion British pounds, with businesses that had less than ten people working there contributing the most, at over ***** trillion pounds.

In 2024, there were approximately 870,040 small and medium-sized enterprises (SMEs) in the construction sector in the United Kingdom, the most of any sector in that year. The sector with the second-highest number of SMEs was the Professional, Scientific and Technical activities sector, at 754,520 SMEs.

The Federal Reserve's balance sheet ballooned following its announcement to carry out quantitative easing to increase the liquidity of U.S. banks in early 2020. The balance sheet continued to grow in the following period as well, with a downward trend in 2023. As of February 29, 2024, the Fed's balance sheet amounted to roughly 7.6 trillion U.S. dollars. The most drastic increase in the observed period took place in the first half of 2020. This measure was taken to increase the money supply and stimulate economic growth in the wake of the damage caused by the COVID-19 pandemic. The Federal Reserve was not the only institution that implemented an expansionary monetary policy in response to the pandemic. For instance, the European Central Bank expanded its money supply in March 2020 and kept doing so over the following months. How do central banks increase the amount of money in circulation? Central banks can increase the money circulating in the economy in many ways. For instance, they can decrease banks’ reserve requirements to stimulate lending or decrease the interest rates to reduce the cost of borrowing for commercial banks. Alternatively, central banks can engage in open market operations (OMO) and buy securities such as government bonds from commercial banks or institutions. By conducting open market operations, the Federal Reserve expanded its balance sheet by seven trillion U.S. dollars between 2007 and 2023. All these measures aim to increase bank loans to entrepreneurs and consumers in order to stimulate employment and economic growth. Impact of COVID-19 on the U.S. economy The COVID-19 pandemic had a tremendous impact on national economies worldwide, and the United States was no exception. During the early months of the crisis, many lost their jobs, mostly those in lower-income categories. As a consequence, many Americans found it difficult to pay their rent and cover basic household expenses. Furthermore, in April 2022, most small business owners claimed that the pandemic had a large or moderate negative effect on their businesses. Overall, the gross domestic product (GDP) of the United States decreased by roughly 2.2 percent in 2020. In the following years, however, it increased notably, surpassing 25 trillion U.S. dollars in 2022.

As of 2015, Canada had one of the highest value added energy industries as a percentage of its GDP among the select countries globally. Canada's energy-related industry share of GDP totaled 7.15 percent within this period. Comparatively, Germany’s energy share of their GDP was just 1.5 percent.

GDP and the Business Sectors

Energy share of a country’s GDP is used as a measure to determine how the energy sector may be influencing the economy. Among the same countries, Norway also had the highest share of energy sector employees as part of business sector employment.This indicates that Norway’s energy sector has had a significant impact on employment and economic growth in recent years. However some other sectors may have a much higher share of the business sector employment and the energy sector represents just a small percentage. In comparison, manufacturing employment had a much larger share of the business sector’s employment in recent years. South Korea had the highest share of manufacturing as a proportion of their business sector GDP between 1993 and 2009.

Energy Sector

The energy sector is comprised of a variety of types, tools and investors. Among all industries electricity generation and supply has received the most energy sector investments as of 2017. However, solar energy has received the most investment among renewable energy sectors. Within sectors, there are various types of services and equipment needed to manage and transmit energy. In recent years, mid and small sized oilfield services and equipment saw the largest average revenue growth among energy equipment sectors, while offshore drilling experienced negative growth.

Micro, small, and medium enterprises' Gross value added (GVA) across India accounted for over ** percent of India's gross domestic product (GDP) in the financial year 2023. This was an increased contribution as compared to the previous year. Additionally, MSMEs account for a significant part of the country's exports. Classification of MSMEs in India   As per the upward revision announced in 2020, the definition of micro manufacturing and services units was increased to ** million Indian rupees of investment and ** million rupees of turnover; the small unit was increased to 100 million investment and *** million turnover. The limit of the medium unit was increased to *** million in investment and *** billion in turnover. The objective of this change was to ensure that MSMEs can exhaust the state benefits without the fear of outgrowing themselves. However, critics argue that the gap defining medium enterprises is too wide and may create unfair competition. Informal micro enterprises Micro enterprises account for the majority share of the MSME sector in India, and a significant number of these enterprises are informal. Cost of compliance, complex labor laws, and lack of awareness about the benefits of formalization could be some reasons for keeping the micro-enterprises unregistered. Since businesses in the informal economy do not contribute to the tax base and tend to remain small with limited access to formal finance, it impairs a country’s ability to truly gauge the socio-economic metrics.

For the fiscal year 2024, the initial budget of the Japanese national government for small and medium-sized businesses' (SMBs) promotion expenditures amounted to approximately 169 billion Japanese yen. Due to the effects of the social distancing measures in the wake of the COVID-19 pandemic, the revised final figures spiked tremendously in fiscal 2020 and still remained at more than four times of their pre-pandemic levels in fiscal 2021.