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Employees empowered with new digital skills as COVID-19 accelerates greater collaboration between humans and technology Advances in mobile technologies and applications is driving a collaboration boom as businesses adopt video conferencing and wearables as AI platforms. COVID-19 fueling automation of supply chains across different industries As the economy re-starts in Singapore, workers are returning to […]
New figures released by GlobalData reveal collapse in new Global IT services contracts in Q2 2020 due to COVID-19
The global IT services market was worth $1.6 trillion in 2019, with the Asia region contributing around 32% market share Total new IT services contracts globally declined by 77% in volume and 72% in value during Q2 2020 with recovery not expected until 2021 Very few high-value contracts were signed in Q2 2020 COVID-19 […]
Trade war hit ASEAN economies facing new challenge from coronavirus outbreak in China, says GlobalData
Although the new trade deal signed between the US and China in January 2020 was a positive move towards the revival of trade lines that are expected to provide a new momentum to the export sector of ASEAN countries, the outbreak of the novel coronavirus has emerged as a major challenge which is disrupting the […]
India’s deep brain stimulators market to grow at CAGR of 9.4% through 2028, says GlobalData
The Indian deep brain stimulators (DBS) market, which accounted for approximately 13.6% of the Asia-Pacific DBS market in 2018, is expected to grow at a compound annual growth rate (CAGR) of 9.4% through 2028, according to GlobalData, a leading data and analytics company. In India, DBS are currently used for the treatment of advanced neurological […]
Brands going premiumization way in APAC region, says GlobalData
Premiumization has developed as an excellent way forward for the brands to make consumers feel valued and special in the Asia-Pacific (APAC) region as the consumers are preferring and consuming high value products, says GlobalData, a leading data and analytics company. Across the FMCG sector, be it food, or beverages, the brands are releasing new […]
Asia to drive global ethylbenzene capacity additions by 2023, says GlobalData
Asia is expected to drive capacity growth in the global ethylbenzene industry from planned and announced plants between 2019 and 2023, contributing around 76% of the global growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Global Ethylbenzene Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts with […]
India set to lead global SBR capacity additions by 2023, says GlobalData
India is set to drive capacity growth in the global styrene-butadiene-rubber (SBR) industry from planned and announced plants between 2019 and 2023, contributing around 29% of the global growth by 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Styrene-Butadiene-Rubber (SBR) Industry Outlook to 2023 – Capacity and Capital Expenditure Forecasts […]
Nations should re-establish faith in fair trade to avoid another global economic recession, says GlobalData
The US efforts to reduce its trade deficit through tariff measures seems to be less effective, as the deficit continues to grow over the past two years. Against this backdrop, re-establishing faith in fair trade is the way forward to avoid another global economic recession, says GlobalData, a leading data and analytics company. The GlobalData […]
China Petrochemical likely to add 9% of new-build liquids storage global capacity growth by 2023, says GlobalData
China Petrochemical Corp is expected to lead new-build liquids storage capacity additions in the global liquids storage industry from planned and announced (new-build) projects between 2019 and 2023. The company will contribute around 9% to the global liquids storage capacity growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, […]
American VC investors dominate global cybersecurity sector in 2018, says GlobalData
All the top 10 venture capital (VC) investors (by number of investments) in global cybersecurity space in 2018 were headquartered in the US, according to GlobalData, a leading data and analytics company. The top 10 VC investors (Accel, Sequoia Capital, Redpoint Ventures, Bessemer Venture Partners, New Enterprise Associates, ClearSky, Bain Capital, Paladin Capital Group, GGV […]
36% Indian consumers wish to buy tailored products and services, says GlobalData
Driven by the concept of ‘one size does not fit all’, 36% of Indian consumers are seeking products and services that are specially tailored to their own needs, preferences and consumption decisions, finds GlobalData, a leading data and analytics company. According to GlobalData’s 2018 Q4 Consumer Survey, consumers, particularly younger demographics, are highly receptive to […]
US firms remain at forefront of M&A activity in cybersecurity space during 2014–2018, reveals GlobalData
American companies remained the most active investors in the cybersecurity technology space during 2014–2018, according to GlobalData, a leading data and analytics company. Of the top five acquirers in terms of number of acquisitions, the top three were headquartered in the US, with the UK-based Sophos and Canadian firm Blackberry also featuring among the top […]
Dabur goes online to tap kids customer base in India, says GlobalData
Following the recent news that Indian fast-moving consumer goods (FMCG) giant Dabur has announced the launch of a new online-only haircare line for kids, ‘Dabur Amla Kids’, Priyanshu Rana, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The announcement was made with the objective to tap the potential kids customer […]
Coca-Cola launches new energy drink to tap Vietnamese market, says GlobalData
Coca-Cola has rolled out a new energy drink– Coca-Cola Energy– in Vietnam as part of the company’s larger focus to evolve into a complete beverage company and offer the Vietnamese consumers a wide range of drinks to cater the different lifestyles and occasions, says GlobalData, a leading data and analytics company. According to GlobalData’s 2018 […]
New FDI rules in Indian retail sector reassure influx of investments, says GlobalData
The Ministry of Commerce of India has recently announced a slew of relaxations on single-brand retail’s FDI investments. The new FDI norms can be seen as an effort by the government to encourage investments and create employment opportunities over the next five years, says GlobalData, a leading data and analytics company. According to GlobalData, […]
Asia set to drive global new-build liquids storage capacity with 43% share by 2023, says GlobalData
Asia expects to drive capacity growth in the global liquids storage industry from planned and announced (new-build) projects by contributing around 43% of the global new-build liquids storage terminals’ capacity during the outlook period 2019 to 2023, says GlobalData, a leading data and analytics company. The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure […]
Automated home gains traction in tandem with growing influence of IoT, finds GlobalData
Automated home (home automation) has been generating buzz in the technology arena in line with advancements in the field of Internet of things (IoT). GlobalData’s Company Filing Analytics platform, which identifies and tracks major themes impacting various sectors, identified an increase in the mentions of automated home in the earnings transcripts and filing documents of […]
India’s general insurance market to cross US$40bn by 2022, says GlobalData
Growing middle class, increasing awareness of the need for protection and favorable regulatory landscape are expected to drive the general insurance market in India from INR1.6 trillion in 2017 (US$24.1bn) to INR2.9 trillion (US$40.1bn) in 2022, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Strategic Market Intelligence: General Insurance in India – […]
India’s general insurance market to cross US$40bn by 2022, says GlobalData
Growing middle class, increasing awareness of the need for protection and favorable regulatory landscape are expected to drive the general insurance market in India from INR1.6 trillion in 2017 (US$24.1bn) to INR2.9 trillion (US$40.1bn) in 2022, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Strategic Market Intelligence: General Insurance in India – […]
Asia leads global refinery crude distillation unit capacity additions with 36% of new-build capacity growth by 2023, says GlobalData
Asia is expected to drive new-build crude distillation unit (CDU) capacity growth in the global refinery industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 36% of global CDU capacity growth by 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2019 Global Capacity and Capital […]