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The fixed communications service revenue in Vietnam is projected to grow at a compound annual growth rate (CAGR) of 1.9% from $1.9 billion in 2021 to $2.1 billion in 2027, primarily driven by a steady rise in fixed broadband service adoption, says GlobalData, a leading data and analytics company. GlobalData’s Vietnam Fixed Communications Forecast (Q3 2022) […]
Society 5.0 initiative to drive enterprise ICT revenue opportunity in Japan to grow at 6.4% CAGR over 2021-2026, forecasts GlobalData
The enterprise ICT revenue opportunity in Japan is expected to increase at a compound annual growth rate (CAGR) of 6.4% between 2021 and 2026, driven by the government’s digital transformation initiative Society 5.0 and a growth in adoption of digital solutions by businesses, forecasts GlobalData, a leading data and analytics company. GlobalData’s Japan Enterprise ICT […]
Pay-TV service revenue in Thailand to grow at 4.2% CAGR over 2022-2027, says GlobalData
Pay-TV service revenue in Thailand is set to grow at a compound annual growth rate (CAGR) of 4.2% from US$752 million in 2022 to $922 million in 2027, driven primarily supported by an increase in IPTV subscriptions, forecasts GlobalData, a leading data and analytics company. GlobalData’s Thailand Pay-TV Forecast (Q3 2022) reveals that while DTH […]
Enterprise ICT revenue opportunity in South Korea to grow at 6.7% CAGR over 2021-2026, forecasts GlobalData
The enterprise ICT revenue opportunity in South Korea is expected to increase at a compound annual growth rate (CAGR) of 6.7% between 2021 and 2026, driven by the country’s advanced ICT infrastructure, widespread 5G network services coverage, increased research and development (R&D) spending, and government assisted digital initiative such as the Digital Government Master Plan […]
NAFLD clinical trial activity catching up in China but lacks substantial domestic participation, says GlobalData
China is expected to record the highest diagnosed prevalence of non-alcoholic fatty liver disease (NAFLD) in 2029, representing 44% of cases within the 16 major pharmaceutical markets (16MM). As a result, the number of clinical trials conducted in the country for this indication is gradually increasing, driven mostly by international pharmaceutical companies, but lacks substantial […]
Smart itineraries taking travel experience to next level, says GlobalData
Innovation in the travel & tourism industry is on the rise, with many travel-assisted tools and services, including smart itineraries, popping up to enhance travelers’ experience. With a rise in demand for personalized, accessible, and convenient experiences, smart itineraries are enabling travel planning providers to take travel experience to the next level, finds GlobalData, a […]
China to dominate acrylonitrile capacity additions in Asia through 2026, forecasts GlobalData
China is set to register the highest acrylonitrile capacity additions in Asia contributing about 90% of the region’s capacity additions by 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Acrylonitrile Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced […]
Asia to dominate global acrylonitrile capacity additions by 2026, says GlobalData
Asia is set to lead the global acrylonitrile industry capacity additions with a share of 99.6% by 2026 from new-build projects between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Acrylonitrile Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, […]
Taiwan card payments market to grow at 7.9% CAGR between 2022 and 2026, forecasts GlobalData
The Taiwanese card payments market is set to grow at a compound annual growth rate (CAGR) of 7.9% between 2022 and 2026 to reach TWD4.8 trillion ($172.6 billion) in 2026, driven by a growing preference for electronic payments, a surge in contactless payments, and efforts by financial authorities to boost cashless payments, says GlobalData, a […]
Jago Coffee better positioned to tap on-the-go coffee consumption rebound in Indonesia, opines GlobalData
Jago Coffee plans to expand its mobile coffee café fleet in Indonesia with 10,000 motorized bicycle coffee carts by 2026. With the expanded fleet, the homegrown startup will be better positioned to tap the post-COVID-19 rebound in on-the-go consumption, with overall coffee consumption from mobile operators in Indonesia set to surge by about 18-20% compound […]
Competition heats up in Indian packaged food market with arrival of Reliance’s Independence brand, says GlobalData
Reliance Consumer Products, a subsidiary of Reliance Retail Ventures, announced the pilot launch of its new consumer packaged goods (CPG) brand “Independence” in the Indian state of Gujarat in December 2022. The company plans a nationwide retail rollout in the coming years through its own online and offline retail store network, and local independent stores. […]
Japan ice cream market to grow at 1.8% CAGR through 2026, forecasts GlobalData
Lifting of all domestic and border-entry COVID-19 restrictions will stimulate the sales of ice creams in Japan. However, sporadic Omicron virus outbreaks will continue to disrupt the out-of-home consumption of frozen desserts in the immediate future. Against this backdrop, the Japanese ice cream market is projected to expand to JPY620.1 billion ($6.4 billion) in 2026, […]
India to lead butadiene capacity additions in Asia through 2026, forecasts GlobalData
India is set to register the highest butadiene capacity additions in Asia contributing about 44% of the region’s capacity additions by 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Butadiene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced […]
China make-up market to surge at 7.4% CAGR through 2026, says GlobalData
The Chinese make-up market will expand to CNY74.6 billion ($11.7 billion) by 2026, registering a compound annual growth rate (CAGR) of 7.4% over 2021–26, even as the sporadic Omicron outbreaks continue disrupting retail operations, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Make-Up Market – Assessment and Forecasts to 2026,’ reveals that […]
Asia to dominate global butadiene capacity additions by 2026, says GlobalData
Asia is set to lead the global butadiene industry capacity additions with a share of 75% by 2026, as it gains capacities from new-build and expansion projects between 2022 and 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report ‘Butadiene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries […]
Huatai deal will further consolidate Chubb’s life insurance business in APAC, says GlobalData
Chubb received approval from the China Banking and Insurance Regulatory Commission (CBIRC) on 18 November 2022, to increase its stake in Huatai Insurance Group from 47.3% to 83.2%. The acquisition will allow Chubb to further consolidate its life insurance business in the Asia-Pacific (APAC) region and give access to Huatai’s 19 million customer base and […]
Australia make-up market will accelerate by 4.6% CAGR through 2026, forecasts GlobalData
With Australia lifting most of the COVID-19 pandemic control measures, consumers have begun leaving their homes more often, thereby stimulating demand for color cosmetics. Against this backdrop, the Australian make-up market is set to register a compound annual growth rate (CAGR) of 4.6% during 2021-26, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, […]
China ice cream market to grow at 3.8% CAGR through 2026, despite new Omicron wave stifling on-premise sales, opines GlobalData
A resurgence of COVID-19 cases could reduce the on-premise consumption of ice creams in China, one of the most lucrative markets for these frozen desserts. Despite this, the Chinese ice cream market will expand to CNY62.7 billion ($4.2 billion) by 2026, registering a compound annual growth rate (CAGR) of 3.8% over 2021–26, says GlobalData, a […]
India to dominate ethylene glycol capacity additions in Asia through 2026, forecasts GlobalData
India is set to register the highest ethylene glycol (EG) capacity additions in Asia, contributing about 38% of the region’s capacity additions by 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Ethylene Glycol (EG) Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active […]
Hong Kong affluent population to grow at 3.3% AAGR between 2022-2026, forecasts GlobalData
Hong Kong’s affluent population is set to grow by an average annual growth rate (AAGR) of 3.3% between 2022 and 2026, driven by a continued expansion of the wealth market despite a challenging macroeconomic environment, says GlobalData, a leading data and analytics company. GlobalData’s Wealth Market Analytics and Retail Investments Analytics reveal that Hong Kong […]