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Following the news that the Indian Government finalized a deal with Airbus for 56 Airbus C295 aircraft and an order for 118 Arjun Mk-1A main battle tanks (MBTs); Mathew George, Ph.D., Practice Head at GlobalData, a leading data and analytics company, offers his view: “India has continued its quest to modernize its fleet with the […]
Delays in availability will impact overall market potential of recently approved COVID-19 vaccines in India, says GlobalData
India currently has six approved COVID-19 vaccines. However, Zydus Cadila’s, Johnson & Johnson’s, and Moderna’s vaccines are not yet available in India. Considering the gigantic vaccination drive in India, any delay in their availability will impact the overall market potential of the recently approved COVID-19 vaccines, says GlobalData, a leading data and analytics company. On […]
From Flipkart to Zomato Indian startups raise US$20.5bn VC funding during January-August 2021, finds GlobalData
Affordable mobile Internet, expanding online consumer base, pandemic-led digital adoption, record stock market listing of startups and China’s regulatory crackdown on technology companies have all made Indian startup ecosystem attractive to the venture capital (VC) investors. Against this backdrop, 983 VC funding deals were announced in India during January-August 2021 with a disclosed funding value […]
Coca-Cola partnership with Lime could shape the future of recycling
Coca-Cola is continuing to strive for a more sustainable product packaging range, having announced that it will reward those who are committed to recycling in the US by offering free e-scooter rides. Despite there being no tangible way of determining if the bottle has been recycled, this incentive will help drive a collaborative link between […]
UK-based start-ups raised US$19.6bn VC funding during January to August 2021
The UK is the key European market for venture capital (VC) investments, as the UK-based startups raised the highest VC funding amount during January-August 2021. A total of 1,256 VC funding deals were announced in the UK during January-August 2021, while the disclosed funding value of these deals stood at US$19.6bn, according to GlobalData, a […]
Digital innovations transforming foodservice across the value chain, says GlobalData
Food service, like several other industries, is undergoing a rapid digital transformation. Foodservice companies are ushering the industry into a digital era by altering how businesses handle food, engage consumers through online and digital channels to stay afloat. Companies are stepping up their digital transformation efforts to optimize their process for maximum efficiency and build […]
Halal make-up gains momentum in Indonesia, finds GlobalData
The make-up market in Indonesia is projected to grow at a compound annual growth rate (CAGR) of 5.7% from Rp6.6bn (US$0.4bn) in 2020 to Rp8.7bn (US$0.6bn) in 2025, driven by the Halal-certified make-up, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Indonesia Make-up – Market Assessment and Forecasts to 2025’, reveals that the […]
Premier League club sponsorship revenue up 6.9% to $1.5bn for the 2021/22 season
Following the COVID-19 pandemic, the world’s richest soccer league is attempting to return to record revenue levels once again. With the media rights market plateauing, Premier League clubs are placing an increased emphasis on sponsorship as a means of driving additional revenue, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Business of […]
US start-ups raked in US$219.3bn VC funding during first eight months of 2021
US-based startups raised the highest venture capital (VC) funding during January-August 2021 globally. A total of 8,832 VC funding deals were announced in the US during January-August 2021, while the disclosed funding value of these deals stood at US$219.3bn, according to GlobalData, a leading data and analytics company. VC funding activity in 2021 so far […]
Q-commerce is rapidly emerging as the next big delivery option, says GlobalData
Quick commerce (q-commerce), also commonly referred to as ‘on-demand delivery’ and ‘e-grocery’, is quickly becoming a favorite tool for time-scarce city dwellers. The five main factors driving the rapid rise of q-commerce are busy lifestyles, urbanisation, smaller households, COVID-19, and ageing population, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Q-Commerce […]
Japan to be one of the world’s smartest societies by 2030, says GlobalData
Japan’s technological prowess in areas such as 5G and robotics will allow the country to achieve its vision of a supersmart ‘Society 5.0’ by the end of this decade (2030), according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Japan Tech – Thematic Research’, maps the competitive landscape of the Japanese technology […]
Malaysia’s SVOD household penetration to reach 27% in 2025, says GlobalData
The household penetration of subscription video on demand (SVOD) services in Malaysia is expected to increase from 12% in 2020 to about 27% in 2025, driven by considerable rise in the adoption of over-the-top (OTT) video service platforms, according to GlobalData, a leading data and analytics company. GlobalData’s Malaysia Subscription Video on Demand (SVOD) Forecast […]
Vodafone Idea sustains hiring momentum during uncertain times, finds GlobalData
Amid rising questions on Vodafone Idea’s (VI) future as a telecom player in India, the company’s hiring activity shows a tilt towards maintaining operations and staffing to provide products and services to government projects. Leading data and analytics company, GlobalData’s Job Analytics database reveals that job postings soared from 26 in September 2020 to 391 […]
A Chinese ban would be disastrous for crypto, says GlobalData
Following today’s news that the People’s Bank of China has called crypto transactions illicit financial activities: George Monaghan, Analyst at GlobalData’s thematic team, a leading data and analytics company, offers his view: “China ruling crypto transactions illegal would be disastrous for the cryptocurrency sector. Being excluded from the world’s largest market is terrible for any […]
Influencers opine Netflix foray into gaming will help retain subscriber base, finds GlobalData
Netflix, Inc (Netflix) publicized about its diversification into gaming industry, an alternative way to engage existing members and attract new customers. Against this backdrop, ‘Gaming’ emerged as the most mentioned keyword among influencer conversations on Twitter during July-September* 2021, according to GlobalData, a leading data and analytics company. Smitarani Tripathy, Influencer Analyst at GlobalData, comments: […]
Amazon looks to localization to succeed in India, says GlobalData
Following the news that e-commerce giant Amazon plans to roll out Hindi language voice shopping experience feature in India: Swati Verma, Associate Project Manager of Thematic Research at GlobalData, offers her view: “India has emerged as a land of digital opportunities for foreign tech and media giants. Amazon, a leader in India’s e-commerce, video streaming, […]
Play’s acquisition of UPC Poland will strengthen its convergence strategy, says GlobalData
Following the news that iliad Group’s Polish telecom operator, Play, will acquire Liberty Global’s UPC Poland telco for PLN7.0bn ($1.8bn); Madison Galati, Telecoms Market Data & Intelligence Analyst at GlobalData, a leading data and analytics company, offers her view: “The acquisition of UPC Poland will strengthen Play’s standing in the fixed broadband segment, allowing Play to […]
Top Asian beauty brands banking on premium skincare and omnichannel strategies to revive profitability, says GlobalData
With the COVID-19 induced lockdowns, consumers felt little need to apply make-up and maintain their external appearance. However, while staying at home, consumers found more time to pamper their skin to attain naturally healthy skin. This motivated the luxury brands to shift their focus from color cosmetics to premium skincare, and home-based beauty treatments, says […]
India’s SVOD services market revenue to reach US$1.9bn in 2025, forecasts GlobalData
The subscription video on demand (SVOD) service revenue in India is expected to grow at a robust compounded annual growth rate (CAGR) of 15.9% from US$0.9bn in 2020 to US$1.9bn in 2025 in line with increasing demand for various over-the-top (OTT) video service platforms in the country, according to GlobalData, a leading data and analytics […]
Reduction in UK’s red-listed countries to boost economic activities, says GlobalData
Leading data and analytics company GlobalData has adjusted its forecasts for the UK’s real GDP growth to 6.75% in 2021 – an upward revision of 0.4 percentage points from the May 2021 forecast – following several decisions taken by the UK Prime Minister last week to ease travel rules following COVID-19. The changes, which included […]