By 2030, the middle-class population in Asia-Pacific is expected to increase from 1.38 billion people in 2015 to 3.49 billion people. In comparison, the middle-class population of sub-Saharan Africa is expected to increase from 114 million in 2015 to 212 million in 2030.
Worldwide wealth
While the middle-class has been on the rise, there is still a huge disparity in global wealth and income. The United States had the highest number of individuals belonging to the top one percent of wealth holders, and the value of global wealth is only expected to increase over the coming years. Around 57 percent of the world’s population had assets valued at less than 10,000 U.S. dollars; while less than one percent had assets of more than million U.S. dollars. Asia had the highest percentage of investable assets in the world in 2018, whereas Oceania had the highest percent of non-investable assets.
The middle-class
The middle class is the group of people whose income falls in the middle of the scale. China accounted for over half of the global population for middle-class wealth in 2017. In the United States, the debate about the middle class “disappearing” has been a popular topic due to the increase in wealth to the top billionaires in the nation. Due to this, there have been arguments to increase taxes on the rich to help support the middle-class.
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South Africa ZA: Income Share Held by Third 20% data was reported at 8.200 % in 2014. This records an increase from the previous number of 8.000 % for 2010. South Africa ZA: Income Share Held by Third 20% data is updated yearly, averaging 8.200 % from Dec 1993 (Median) to 2014, with 7 observations. The data reached an all-time high of 9.900 % in 2000 and a record low of 7.500 % in 2005. South Africa ZA: Income Share Held by Third 20% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.
Seychelles recorded the highest Gross National Income (GNI) per capita in Africa as of 2023, at 16,940 U.S. dollars. The African island was, therefore, the only high-income country on the continent, according to the source's classification. Mauritius, Gabon, Botswana, Libya, South Africa, Equatorial Guinea, Algeria, and Namibia were defined as upper-middle-income economies, those with a GNI per capita between 4,516 U.S. dollars and 14,005 U.S. dollars. On the opposite, 20 African countries recorded a GNI per capita below 1,145 U.S. dollars, being thus classified as low-income economies. Among them, Burundi presented the lowest income per capita, some 230 U.S. dollars. Poverty and population growth in Africa Despite a few countries being in the high income and upper-middle countries classification, Africa had a significant number of people living under extreme poverty. However, this number is expected to decline gradually in the upcoming years, with experts forecasting that this number will decrease to almost 400 million individuals by 2030 from nearly 430 million in 2023, despite the continent currently having the highest population growth rate globally. African economic growth and prosperity In recent years, Africa showed significant growth in various industries, such as natural gas production, clean energy generation, and services exports. Furthermore, it is forecast that the GDP growth rate would reach 4.5 percent by 2027, keeping the overall positive trend of economic growth in the continent.
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Population density per pixel at 100 metre resolution. WorldPop provides estimates of numbers of people residing in each 100x100m grid cell for every low and middle income country. Through ingegrating cencus, survey, satellite and GIS datasets in a flexible machine-learning framework, high resolution maps of population counts and densities for 2000-2020 are produced, along with accompanying metadata. DATASET: Alpha version 2010 and 2015 estimates of numbers of people per grid square, with national totals adjusted to match UN population division estimates (http://esa.un.org/wpp/) and remaining unadjusted. REGION: Africa SPATIAL RESOLUTION: 0.000833333 decimal degrees (approx 100m at the equator) PROJECTION: Geographic, WGS84 UNITS: Estimated persons per grid square MAPPING APPROACH: Land cover based, as described in: Linard, C., Gilbert, M., Snow, R.W., Noor, A.M. and Tatem, A.J., 2012, Population distribution, settlement patterns and accessibility across Africa in 2010, PLoS ONE, 7(2): e31743. FORMAT: Geotiff (zipped using 7-zip (open access tool): www.7-zip.org) FILENAMES: Example - AGO10adjv4.tif = Angola (AGO) population count map for 2010 (10) adjusted to match UN national estimates (adj), version 4 (v4). Population maps are updated to new versions when improved census or other input data become available.
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South Africa ZA: Income Share Held by Highest 20% data was reported at 68.200 % in 2014. This records a decrease from the previous number of 68.900 % for 2010. South Africa ZA: Income Share Held by Highest 20% data is updated yearly, averaging 68.200 % from Dec 1993 (Median) to 2014, with 7 observations. The data reached an all-time high of 71.000 % in 2005 and a record low of 62.700 % in 2000. South Africa ZA: Income Share Held by Highest 20% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.
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South Africa ZA: Income Share Held by Lowest 10% data was reported at 0.900 % in 2014. This stayed constant from the previous number of 0.900 % for 2010. South Africa ZA: Income Share Held by Lowest 10% data is updated yearly, averaging 1.000 % from Dec 1993 (Median) to 2014, with 7 observations. The data reached an all-time high of 1.300 % in 2000 and a record low of 0.900 % in 2014. South Africa ZA: Income Share Held by Lowest 10% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.
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South Africa ZA: Income Share Held by Lowest 20% data was reported at 2.400 % in 2014. This records a decrease from the previous number of 2.500 % for 2010. South Africa ZA: Income Share Held by Lowest 20% data is updated yearly, averaging 2.600 % from Dec 1993 (Median) to 2014, with 7 observations. The data reached an all-time high of 3.100 % in 2000 and a record low of 2.400 % in 2014. South Africa ZA: Income Share Held by Lowest 20% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.
The project, based at the University of Greenwich, UK and Stellenbosch University, South Africa, aimed to examine epidemiologic transitions by identifying and quantifying the drivers of change in CVD risk in the middle-income country of South Africa compared to the high-income nation of England. The project produced a harmonised dataset of national surveys measuring CVD risk factors in South Africa and England for others to use in future work. The harmonised dataset includes microdata from nationally-representative surveys in South Africa derived from the Demographic and Health Surveys, National Income Dynamics Study, South Africa National Health and Nutrition Examination Survey and Study on Global Ageing and Adult Health, covering 11 cross-sections and approximately 156,000 individuals aged 15+ years, representing South Africa’s adult population from 1998 to 2017.
Data for England come from 17 Health Surveys for England (HSE) over the same time period, covering over 168,000 individuals aged 16+ years, representing England’s adult population.
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IntroductionInformation pertaining to multimorbidity is frequently informed by studies from high income countries and it is unclear how these findings relate to low and middle income countries, where the burden of infectious disease is high. South Africa has a quadruple burden of disease which includes a high HIV prevalence and a growing burden of non-communicable diseases. This study aimed to analyse the prevalence and patterns (disease classes or clusters) of multimorbidity in South Africa.MethodsA secondary analysis of individuals over the age of 15 years who participated in the Fifth South African National HIV Prevalence, Incidence, Behavior and Communication Survey, 2017 (SABSSM 2017) was done. Six disease conditions were identified in the analysis (cancer, diabetes, heart disease, hypertension/high blood pressure, tuberculosis, and HIV). Chi-square tests were used to test for the differences in disease prevalence by sex. Common disease patterns were identified using a latent class analysis.ResultsThe sample included 27,896 participants, of which 1,837 had comorbidity or multimorbidity. When taking population-weighting into account, multimorbidity was present in 5.9% (95% CI: 5.4–6.4) of the population The prevalence of multimorbidity tended to be higher among females and increased with age, reaching 21.9% in the oldest age group (70+). The analyses identified seven distinct disease classes in the population. The largest class was “Diabetes and Hypertension” (36.3%), followed by “HIV and Hypertension” (31.0%), and “Heart disease and Hypertension” (14.5%). The four smaller classes were: “HIV, Diabetes, and Heart disease” (6.9%), “TB and HIV” (6.3%), “Hypertension, TB, and Cancer” (2.8%), and “All diseases except HIV” (2.2%).ConclusionAs the South African population continues to age, the prevalence of multimorbidity is likely to increase which will further impact the health care system. The prevalence of multimorbidity in the population was relatively low but reached up to 20% in the oldest age groups. The largest disease cluster was the combination of diabetes and hypertension; followed by HIV and hypertension. The gains in improving adherence to antiretrovirals amongst treatment-experienced people living with HIV, should be expanded to include compliance with lifestyle/behavioral modifications to blood pressure and glucose control, as well as adherence to anti-hypertension and anti-diabetic medication. There is an urgent need to improve the early diagnosis and treatment of disease in the South African population.
https://doi.org/10.5061/dryad.ksn02v7c4
This dataset is responses from stakeholders and providers describing the demand, policies, and supply factors affecting the availability and clinical use of Caffeine Citrate (CC) across Nigeria, Ethiopia, South Africa, Kenya and five States in India (where permission was given to share with the public). The dataset covers responses on the presence or absence of caffeine citrate in the Essential Medicines List (EML) and treatment guidelines, apnea of prematurity treatment protocols and practices, different brands of drugs registered in countries, procurement information and barriers limiting access. The data gives insights into status of caffeine, the treatment practices and barriers to access in each country. Apnea of prematurity (AOP) is a common complication among preterm infants (< 37 weeks' gestation), globally. However, access to ...
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ZA: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data was reported at -1.230 % in 2014. ZA: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data is updated yearly, averaging -1.230 % from Dec 2014 (Median) to 2014, with 1 observations. ZA: Survey Mean Consumption or Income per Capita: Total Population: Annualized Average Growth Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Poverty. The growth rate in the welfare aggregate of the total population is computed as the annualized average growth rate in per capita real consumption or income of the total population in the income distribution in a country from household surveys over a roughly 5-year period. Mean per capita real consumption or income is measured at 2011 Purchasing Power Parity (PPP) using the PovcalNet (http://iresearch.worldbank.org/PovcalNet). For some countries means are not reported due to grouped and/or confidential data. The annualized growth rate is computed as (Mean in final year/Mean in initial year)^(1/(Final year - Initial year)) - 1. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported. The initial year refers to the nearest survey collected 5 years before the most recent survey available, only surveys collected between 3 and 7 years before the most recent survey are considered. The final year refers to the most recent survey available between 2011 and 2015. Growth rates for Iraq are based on survey means of 2005 PPP$. The coverage and quality of the 2011 PPP price data for Iraq and most other North African and Middle Eastern countries were hindered by the exceptional period of instability they faced at the time of the 2011 exercise of the International Comparison Program. See PovcalNet for detailed explanations.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The comparability of welfare aggregates (consumption or income) for the chosen years T0 and T1 is assessed for every country. If comparability across the two surveys is a major concern for a country, the selection criteria are re-applied to select the next best survey year(s). Annualized growth rates are calculated between the survey years, using a compound growth formula. The survey years defining the period for which growth rates are calculated and the type of welfare aggregate used to calculate the growth rates are noted in the footnotes.
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The Middle East and Africa ice cream market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.41% from 2025 to 2033. This expansion is fueled by several key drivers. Rising disposable incomes across several MEA countries, particularly in urban centers, are empowering consumers to indulge in premium ice cream options. The burgeoning tourism sector, especially in popular destinations like the UAE and South Africa, significantly contributes to demand. Furthermore, the increasing prevalence of modern retail formats like supermarkets and convenience stores facilitates wider product availability and accessibility. Innovative product launches, such as artisanal ice cream varieties and healthier options catering to health-conscious consumers, are also driving market growth. However, challenges exist, including fluctuating raw material prices (dairy, sugar, etc.) which impact production costs and potentially consumer prices. Seasonal variations in demand, more pronounced in certain regions, also present a challenge for consistent market performance. Competition from established multinational players like Unilever and Nestlé, alongside smaller local brands, intensifies market dynamics. Segmentation analysis reveals a dynamic market structure. The "take-home" ice cream segment likely dominates in terms of volume, while the "impulse" segment contributes significantly to overall revenue, especially through convenience store sales. Supermarkets/hypermarkets represent the largest distribution channel, driven by their extensive reach and promotional opportunities. Online retail is a rapidly emerging channel, attracting younger demographics and providing convenient access, especially in densely populated urban areas. Geographic performance is anticipated to be uneven, with the UAE and Saudi Arabia likely leading due to their high per capita incomes and robust retail infrastructure. South Africa also holds significant potential given its sizeable population and growing middle class. The remaining Middle East and Africa region will show varying growth depending on economic development and infrastructural advancements within each individual country. This varied performance across regions and segments makes strategic market entry and targeted marketing crucial for success. Recent developments include: May 2023: Siwar Foods signed a private label and distributor agreement with French company Sarl So Mochi to market and distribute a range of Mochi ice cream in the Middle East, starting with the launch in the Kingdom of Saudi Arabia., May 2022: Baskin-Robbins partnered with the premium chocolate brand Galaxy to launch a fusion product, Milk Chocolate Twist. The product is developed with a fusion concept of flagship chocolate from Galaxy and ice cream from Baskin Robins. The new flavor will be served in a sundae topped with hot fudge, milk chocolate balls, and two Galaxy flutes at a few Baskin-Robbins locations in Saudi Arabia and the United Arab Emirates., March 2022: Baskin-Robbins company which operates under Inspire Brands, expanded its presence in the United Arab Emirates by opening its 1000th store in the Middle East, North Africa, and Australia combined. The outlet opened at Dubai Hills Mall, and Baskin-Robbins hosted a public ice cream party at Ain Dubai to mark the event.. Key drivers for this market are: Demand for Low-fat and Non-Dairy Ice Cream Products, Growing Acceptance of Experimental Flavors. Potential restraints include: Demand for Low-fat and Non-Dairy Ice Cream Products, Growing Acceptance of Experimental Flavors. Notable trends are: Demand for Low-fat and Non-dairy Ice Cream Products.
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Graph and download economic data for Real Disposable Personal Income (DSPIC96) from Jan 1959 to May 2025 about disposable, personal income, personal, income, real, and USA.
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The South African residential real estate market size is valued at 19.89 million USD in 2025 and is projected to expand at a CAGR of 10.46% during the forecast period 2025-2033. The market size is expected to reach 36.89 million USD by 2033. The growth of the market is primarily driven by factors such as rising urbanization, increasing disposable income, and a growing middle-class population. The market is also witnessing a trend towards luxury and high-end properties, as well as an increasing demand for green and sustainable homes. Key market segments include villas and landed houses, condominiums and apartments, and key cities such as Johannesburg, Cape Town, Durban, Port Elizabeth, Bloemfontein, Pretoria, and Rest of South Africa. Major companies operating in the market include Reeflords, Renprop (Pty) Ltd, Pam Golding Properties, The Amdec Group, Kaan Development, Pipilo Projects, Devmark Property Group, RDC Properties, Harcourts International Ltd, and Legaro Property Development. The market is expected to face challenges such as rising interest rates, affordability concerns, and economic volatility. However, government initiatives aimed at promoting homeownership and the increasing popularity of alternative financing options are expected to support the growth of the market in the coming years. Recent developments include: July 2022- To improve access to affordable and sustainable housing in South Africa, IFC (International Finance Corporation) announced an investment to help South African residential property developer Alleyroads build over 1,000 rental apartments in the Johannesburg area., June 2022- Construction of a new mixed-use building, Rubik, began in Cape Town's CBD. The building will complement the city's growing skyline. Located on the corner of Roop and Rybeek Streets, the Rubik consists of luxury residential apartments above prime office and quality retail space. The architects have designed it in a very characteristic modern glass 'layered' building.. Key drivers for this market are: 4., Growing urbanisation in the countries4.; Increasing support of private sector to meet infrastructural growth in various sectors such as water, energy, transportation, and communications. Potential restraints include: 4., Lack of quality and quantity of infrastructure. Notable trends are: Increasing Demand for Sectional Title Living in South Africa.
The Afrobarometer is a comparative series of public attitude surveys that assess African citizen's attitudes to democracy and governance, markets, and civil society, among other topics. The surveys have been undertaken at periodic intervals since 1999. The Afrobarometer's coverage has increased over time. Round 1 (1999-2001) initially covered 7 countries and was later extended to 12 countries. Round 2 (2002-2004) surveyed citizens in 16 countries. Round 3 (2005-2006) 18 countries, Round 4 (2008) 20 countries, Round 5 (2011-2013) 34 countries, and Round 6 (2014-2015) 36 countries. The survey covered 34 countries in Round 7 (2016-2018).
National coverage.
Individual
Citizens of Nigeria who are 18 years and older
Sample survey data [ssd]
Sample size: 1,600 Sampling frame: 2006 Population and Housing Census of the Federal Republic of Nigeria Sample design: Nationally representative, random, clustered, stratified, multi-stage area probability sample Stratification: Region and urban-rural location Stages: PSUs (from strata), start points, households, respondents PSU selection: Probability proportionate to population size (PPPS) Cluster size: 8 households per PSU Household selection: Randomly selected start points, followed by walk pattern using 5/10 interval Respondent selection: Gender quota filled by alternating interviews between men and women; respondents of appropriate gender listed, after which household member draws a numbered card to select individual
Face-to-face [f2f]
The Round 7 questionnaire has been developed by the Questionnaire Committee after reviewing the findings and feedback obtained in previous Rounds, and securing input on preferred new topics from a host of donors, analysts, and users of the data. As in previous Rounds, about two-thirds of the items from the Round 6 questionnaire remain the same, and about one-third are new items. In identifying new survey topics, the Questionnaire Committee sought to align the instrument with the global development agenda by incorporating topics that speak to the Sustainable Development Goals (SDGs) that were adopted by the United Nations General Assembly in 2015. Some of the new survey topics in the R7 questionnaire include: Safety and Security; State capacity; Migration; Closing spaces; Inclusion; Climate change and, the Middle class.
The questionnaire consists of three parts: 1. Part 1 captures the steps for selecting households and respondents, and includes the introduction to the respondent and (pp.1-4). This section should be filled in by the Fieldworker. 2. Part 2 covers the core attitudinal and demographic questions that are asked by the Fieldworker and answered by the Respondent (Q1 – Q100). 3. Part 3 includes contextual questions about the setting and atmosphere of the interview, and collects information on the Fieldworker. This section is completed by the Fieldworker (Q101 – Q123).
Outcome rates: - Contact rate: 100% - Cooperation rate: 98.0% - Refusal rate: 1.0% - Response rate: 98.0%
+/- 2% at 95% confidence level
In 2023, it is estimated that the BRICS countries have a combined population of 3.25 billion people, which is over 40 percent of the world population. The majority of these people live in either China or India, which have a population of more than 1.4 billion people each, while the other three countries have a combined population of just under 420 million. Comparisons Although the BRICS countries are considered the five foremost emerging economies, they are all at various stages of the demographic transition and have different levels of population development. For all of modern history, China has had the world's largest population, but rapidly dropping fertility and birth rates in recent decades mean that its population growth has slowed. In contrast, India's population growth remains much higher, and it is expected to overtake China in the next few years to become the world's most populous country. The fastest growing population in the BRICS bloc, however, is that of South Africa, which is at the earliest stage of demographic development. Russia, is the only BRICS country whose population is currently in decline, and it has been experiencing a consistent natural decline for most of the past three decades. Growing populations = growing opportunities Between 2000 and 2026, the populations of the BRICS countries is expected to grow by 625 million people, and the majority of this will be in India and China. As the economies of these two countries grow, so too do living standards and disposable income; this has resulted in the world's two most populous countries emerging as two of the most profitable markets in the world. China, sometimes called the "world's factory" has seen a rapid growth in its middle class, increased potential of its low-tier market, and its manufacturing sector is now transitioning to the production of more technologically advanced and high-end goods to meet its domestic demand.
Urban Planning Software Market Size 2024-2028
The Urban Planning Software Market size is estimated to grow by USD 4.05 billion at a CAGR of 7.81% between 2023 and 2028. Infrastructure development is a priority area for many governments and organizations worldwide, driven by increasing investments and a growing focus on building smart cities. This trend is fueled by several factors, including the expanding middle-class population and the need for efficient, modern infrastructure to support economic growth and improve quality of life. Infrastructure projects encompass various sectors, such as transportation, energy, water supply, and telecommunications, and require significant capital investment and advanced technology. As a result, the infrastructure industry is poised for continued growth and innovation, offering opportunities for businesses and investors alike.
What will be the size of the Market During the Forecast Period?
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Market Dynamics
The market is witnessing significant growth due to the increasing number of non-residential construction projects and infrastructure development activities in response to the growing urban population. City planners are leveraging technology to efficiently manage and design urban spaces. The market is segmented into components, which include software and services, and segments, such as the cloud-based segment and web-based segment. Government bodies are also investing in urban planning software to optimize budgets and implement smart city technologies. Emerging countries are leveraging technology advancements and cloud software to enhance construction processes and infrastructure development, with a focus on designing residential buildings, roads, bridges, and rail systems, supported by skilled professionals and real estate companies, while government agencies and service companies implement training programs and resource management solutions to optimize engineering and architectural plans. The latest trends include the integration of 5G technology and data centers to enhance the functionality and efficiency of these tools. Open-source software is gaining popularity due to its cost-effectiveness and flexibility. The United Nations (UN) has emphasized the importance of urban planning to address the challenges of urbanization and sustainability. Urban planning software plays a crucial role in this regard, enabling city planners to create harmonious and livable urban spaces. The market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for efficient and technologically advanced urban planning solutions.
Key Market Driver
One of the key factors driving the market growth is the growing middle-class population. The increasing middle-class population in developing countries in APAC, South America, and MEA is expected to significantly contribute to the market growth. In addition, there is an increase in per capita income due to the rapidly increasing economic activities in developing economies such as China, India, Argentina, Indonesia, and South Africa.
Moreover, the rise in the gross domestic product (GDP) per capita in these countries is also fuelling the rise in the disposable income of the population. In addition, a majority of the population is opting for long-term investment opportunities due to factors such as rapid industrial, manufacturing, and economic developments in these countries, fuelled by urbanization. As a result, there is an increasing adoption of software for different real-estate projects. Hence, such factors are positively impacting the market which, in turn, will drive the growth during the forecast period.
Significant Market Trend
A key factor shaping the market growth is the use of blockchain technology in software. There is a rapid advancement in technologies that can resolve the challenges associated with the openness of data and procedures in the market. The advent of blockchain technology enables transparency at all levels of activity in urban planning making it effective.
Moreover, the main advantage of using blockchain in urban planning is that there is a reduction in fraud and transaction duplication as every record is encrypted. Furthermore, the implementation of blockchain offers smooth and quick transactions by doing away with the necessity for a middleman. Hence, such factors are positively impacting the market trends which in turn will drive the market growth during the forecast period.
Major Market Challenge
The threat of open-source urban planning software is one of the key challenges hindering growth. There is a growing popularity for open-source software which poses a significant threat to the market. There is an increasing preference for open-source software as it is widely available on the Internet and can be downloaded easily.
Moreover, open-source software
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South Africa Home Appliances Market size was valued to be USD 3.45 Billion in the year 2024 and it is expected to reach USD 5.62 Billion in 2032, growing at a CAGR of 6.3% over the forecast period of 2026 to 2032.
Key Market Drivers: Growing Urbanization and Household Formation: Urbanization in South Africa reached over 67% in 2023, with increasing numbers of individuals moving to cities and forming new households. This trend drives the demand for home appliances as urban dwellers prioritize convenience and modern living solutions. The rising number of first-time homeowners is fueling the purchase of essential appliances like refrigerators, washing machines, and ovens. Rising Disposable Income and Middle-Class Growth: South Africa’s middle-class population grew by approximately 6% annually between 2020 and 2023, leading to higher disposable income. This increase enables consumers to invest in both essential and luxury appliances.
The ExPoSE project, based at the University of Greenwich, UK and Stellenbosch University, South Africa, aimed to examine epidemiologic transitions by identifying and quantifying the drivers of change in CVD risk in the middle-income country of South Africa compared to the high-income nation of England. The project produced a harmonised dataset of national surveys measuring CVD risk factors in South Africa and England for others to use in future work. The harmonised dataset includes data from nationally-representative surveys in South Africa derived from the Demographic and Health Surveys, National Income Dynamics Study, South Africa National Health and Nutrition Examination Survey, and Study on Global Ageing and Adult Health, covering 11 cross-sections and approximately 156,000 individuals aged 15+ years, representing South Africa’s adult population from 1998 to 2017. Data for England come from 17 Health Surveys for England (HSE) over the same time period, covering over 168,000 individuals aged 16+ years, representing England's adult population. Data for England can be obtained from the UK Data Service. Files made available include the code used within the scope of the ExPoSE Project https://www.exposeproject.net to import and harmonise microdata on cardiovascular risk factors and other information from a set of population surveys conducted in South Africa and England between 1997 and 2017.
The harmonised data comes from national surveys conducted in South Africa and England
Individuals
Survey data
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South African Skin Care Products Market size was valued at USD 24.91 Million in 2023 and is projected to reach USD 47.14 Million by 2031, growing at a CAGR of 8.3% from 2024 to 2031.
Key Market Drivers:
Growing Middle-Class Population and Increasing Disposable Income: South Africa's middle class has grown significantly, driving up demand for skincare products. According to Statistics South Africa (Stats SA), average family disposable income rose by 4.5% between 2021 and 2023. According to the World Bank, South Africa's middle class accounted for around 35% of the population by 2023, with personal care spending increasing at a 6.8% annual rate, significantly influencing demand for premium skincare products.
By 2030, the middle-class population in Asia-Pacific is expected to increase from 1.38 billion people in 2015 to 3.49 billion people. In comparison, the middle-class population of sub-Saharan Africa is expected to increase from 114 million in 2015 to 212 million in 2030.
Worldwide wealth
While the middle-class has been on the rise, there is still a huge disparity in global wealth and income. The United States had the highest number of individuals belonging to the top one percent of wealth holders, and the value of global wealth is only expected to increase over the coming years. Around 57 percent of the world’s population had assets valued at less than 10,000 U.S. dollars; while less than one percent had assets of more than million U.S. dollars. Asia had the highest percentage of investable assets in the world in 2018, whereas Oceania had the highest percent of non-investable assets.
The middle-class
The middle class is the group of people whose income falls in the middle of the scale. China accounted for over half of the global population for middle-class wealth in 2017. In the United States, the debate about the middle class “disappearing” has been a popular topic due to the increase in wealth to the top billionaires in the nation. Due to this, there have been arguments to increase taxes on the rich to help support the middle-class.