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shankar besta

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Enterprise ICT market revenue in South Korea to witness 7.2% CAGR over 2023-2028, forecasts GlobalData

The enterprise ICT revenue opportunity in South Korea is forecast to increase at a compound annual growth rate (CAGR) of 7.2% between 2023 and 2028. The country’s high-speed internet connectivity with next-generation networks available to enterprises, positive ICT investment sentiment, and evolving application areas for emerging technologies like Internet of Things (IoT) and artificial intelligence […]
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Healthcare collaborations to pave way for enhanced diabetes management in Singapore, says GlobalData

Singapore faces a growing diabetes burden, driven by an aging population, lifestyle changes, and obesity. Traditional management methods such as glucose meters and insulin therapy have limitations, including delayed adjustments in treatment plans and a lack of real-time monitoring, resulting in less effective diabetes control. To bridge these gaps, healthcare providers and technology innovators in […]
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APAC automotive aftermarket consumables market to expand at 2.1% CAGR over 2023-28, forecasts GlobalData

The Asia-Pacific (APAC) region, being the most populous globally, has a large vehicle fleet, and the introduction of stringent emission standards across the region is driving demand for aftermarket consumables. By accelerating the need for timely replacement of service parts to ensure compliance with environmental standards, these regulatory measures are positively influencing the aftermarket consumables […]
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Australia PET imaging systems market to grow at 3.6% CAGR through 2033, forecasts GlobalData

The rising prevalence of chronic diseases, such as cancer and neurological disorders, has driven the demand for advanced diagnostic tools in Australia. Positron Emission Tomography (PET) imaging, renowned for its high-resolution imaging capabilities, plays a vital role in diagnosing oncology, neurology, and cardiology conditions. Several key players are collaborating to deliver precision-focused products for PET […]
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China enterprise ICT market revenue to increase at 10.2% CAGR over 2023-28, forecasts GlobalData

The Chinese government initiatives under the 14th Five-Year Plan and Vision 2025, coupled with robust 5G infrastructure and accelerated digital transformation in key sectors, will drive the total enterprise information and communication technology (ICT) market revenue in the country to grow at a compounded annual growth rate (CAGR) of 10.2% during 2023-28, according to GlobalData, […]
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US insurers face growing consumer demand for sustainability amid policy shifts, reveals GlobalData

A growing number of US consumers prioritize environmental practices in choosing their insurers, emphasizing the need for sustainability in the sector. Despite potential shifts in federal policies under President-elect Donald Trump, who opposes environmental, social, and governance (ESG) mandates, insurers must adapt to consumer-driven demands for eco-friendly initiatives to remain competitive, enhance customer trust, and […]
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Critical minerals shortages threaten international energy transition goals, reveals GlobalData

The global transition to clean energy is gaining momentum, heavily relying on renewable technologies such as solar PV cells and wind turbines, alongside energy transition solutions like hydrogen, energy storage, and carbon capture. This shift has triggered an unprecedented surge in demand for critical minerals, posing significant challenges in achieving international energy transition goals, says […]
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Nubank dethrones Banco do Brasil as Brazil’s top main bank with digital-first innovation and financial inclusion, says GlobalData

Digital lender Nubank’s ascent to Brazil’s number one bank provider by dethroning Banco do Brasil, the country’s oldest bank founded in 1808, signifies a paradigm shift in the banking industry. By prioritizing digital-first strategies and financial inclusion, the neobank has reshaped consumer expectations, exposing legacy banks’ challenges in user experience and innovation, and setting a […]
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APAC fuel cell powertrains market to surge at 46.7% CAGR over 2024-29, forecasts GlobalData

As emission regulations tighten and sustainability concerns grow, zero-emission vehicles like fuel cell electric vehicles (FCEVs) are gaining traction. They offer advantages over battery electric vehicles (BEVs), including longer range, faster refueling, and lower weight. Currently, the Asia-Pacific (APAC) region holds nearly 90% of the FCEVs market globally. Against this backdrop, the APAC fuel cell […]
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Heightened health concerns to spur demand for functional beverages in Malaysia, says GlobalData

With the increased focus on health and wellness among Malaysian consumers, functional beverages have gained traction in the country. They are considered the essential solutions for health-conscious consumers who are in search of products that aid their physical and mental wellbeing. Functional beverages that often contain vitamins and probiotics offer improved digestion, enhanced energy, and […]
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Diagnosed prevalent cases of Parkinson’s disease to reach 3.15 million in 7MM by 2033, forecasts GlobalData

The diagnosed prevalent cases of Parkinson’s disease (PD) in the seven major markets (7MM*) are projected to increase from 2.64 million in 2023 to 3.15 million in 2033, with an annual growth rate (AGR) of 1.94%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Parkinson’s Disease Epidemiology Analysis and Forecast to […]
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Lack of skills and talent still top hinderance for digital transformation in pharma, says GlobalData

The rapid pace of technological advancement has outstripped the ability of traditional training programs to keep up, creating a significant skills gap. Without the necessary expertise, companies may struggle to integrate new systems, leading to stalled initiatives. Lack of specific skills and talents has been found to be the biggest obstacle for pharmaceutical companies in […]
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Multifunctional cosmetics with cross category ingredients gain popularity in APAC, says GlobalData

Consumers in the Asia-Pacific (APAC) region are seeking good value for money cosmetics with added benefits or functionalities, owing to growing hectic and fast-paced lifestyles. Products with flexible formulations that cut down their daily cosmetic routine by handling multiple concerns in a single product are being favored by consumers. As a result, multifunctional cosmetics with […]
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