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While the enterprise spending on most ICT solutions in Malaysia declined in 2020 due to the COVID-19 crisis, the communications and collaboration software market in the country bucked the trend and registered a year-on-year (Y-o-Y) growth of 19.1%, finds GlobalData, a leading data and analytics company. According to GlobalData, the communications and collaboration software market […]
India’s enterprise mobility market to register 5.5% CAGR in value over next five years, forecasts GlobalData
Despite the drop in its value from US$860m in 2019 to US$800m in 2020, India’s enterprise mobility market will maintain a compounded annual growth rate (CAGR) of 5.5% between 2019 and 2024, driven by the rising enterprise adoption of remote working and bring-your-own-device (BYOD) strategies, forecasts GlobalData, a leading data and analytics company. The uncertainty […]
China to lead global propylene capacity additions by 2030, says GlobalData
The global propylene capacity is expected to potentially increase from 129.80 million tonnes per annum (mtpa) in 2019 to 191.84 mtpa in 2030 registering a total growth of 48%. China accounts for 48% of the global propylene capacity additions, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Propylene Capacity and Capital Expenditure […]
FCA and PSA merger to overcome gaps in product portfolio and geographical footprints, says GlobalData
Following the news that Peugeot S.A (PSA) shareholders approved merger with Fiat Chrysler (FCA); Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “The merged entity, to be called Stellantis, will be the third largest automotive manufacturer in terms of revenues and the […]
Malaysia’s BPO market to maintain 3.1% CAGR over 2019-2024, forecasts GlobalData
Despite the expected decline in its value in 2020 due to the COVID-19 disruptions, Malaysia’s BPO market is forecast to maintain a 3.1% compounded annual growth rate (CAGR) over the 2019-2024 period, supported by the government’s active role in promoting the country’s outsourcing sector, says GlobalData, a leading data and analytics company. GlobalData forecasts BPO […]
UPS hires for a busy shipping season as holiday logistics and vaccine deliveries gain pace, finds GlobalData
In a market environment redefined by COVID-19 pandemic, logistics companies are hiring employees and preparing for vaccine deliveries to cater to the holiday season’s demand. United Parcel Services (UPS), a key logistics player, is hiring more than 100,000 seasonal employees for the holiday season along with job postings for storage, transportation and distribution of healthcare […]
Australia’s wine market to reach US$8.7bn in 2024, says GlobalData
The Australian wine sector is projected to grow from A$11.3bn (US$7.9bn) in 2019 to A$12.7bn (US$8.7bn) in 2024, with a compound annual growth rate (CAGR) of 2.4%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Australia Wine – Market Assessment and Forecasts to 2024’, reveals that the sector is majorly driven by growth […]
China’s wine market to reach US$137.3bn in 2024, says GlobalData
The Chinese wine sector is projected to grow from C¥464.2bn (US$68.1bn) in 2019 to C¥922.7bn (US$137.3bn) in 2024, with a compound annual growth rate (CAGR) of 14.7%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Wine – Market Assessment and Forecasts to 2024’ reveals that the sector is majorly driven by growth […]
Diagnosed incident cases of hepatocellular carcinoma in urban China set to rise by 44.41% over next decade, forecasts GlobalData
The diagnosed incident cases of hepatocellular carcinoma (HCC) in urban China are expected to increase by 44.41% over the next decade (2019-2029), according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Hepatocellular Carcinoma – Epidemiology Forecast Report to 2029, reveals that the diagnosed incident cases of HCC are expected to increase from […]
APAC confectionery sector set to reach US$54.1bn in 2024, says GlobalData
The Asia-Pacific (APAC) confectionery sector is the second fastest growing globally that is expected to reach US$54.1bn in 2024, growing at a value compound annual growth rate (CAGR) of 3.5% during 2019-2024. Rising disposable income and health consciousness among the consumers are spurring the demand for premium confectionery products in the region, says GlobalData, a […]
Urban China to have highest diagnosed incident cases of non-small cell lung cancer over next decade, forecasts GlobalData
Urban China is expected to have the highest number of diagnosed incident cases of non-small cell lung cancer (NSCLC) among the eight major markets 8MM* over the next decade (2019-2029), according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Non-Small Cell Lung Cancer – Epidemiology Forecast Report to 2029, reveals that the […]
South Korea’s dairy & soy food market set to reach US$8.1bn by 2024, says GlobalData
The South Korean dairy & soy food sector is projected to grow from ₩8.5 trillion (US$7.3bn) in 2019 to ₩9.5 trillion (US$8.1bn) in 2024 at a compound annual growth rate (CAGR) of 2.2%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Dairy & Soy Food – Market Assessment and Forecasts to […]
Filipino bakery & cereals market to reach US$1.5bn in 2024, says GlobalData
The Filipino bakery & cereals sector is projected to decline from ₱89.1bn (US$1.7bn) in 2019 to ₱80.4bn (US$1.5bn) in 2024 at a declining compound annual growth rate (CAGR) of 2%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Philippines Bakery & Cereals – Market Assessment and Forecasts to 2024’ reveals that cookies (sweet […]
Malaysia’s meat market set to reach US$2.3bn in 2024, says GlobalData
The Malaysian meat sector is projected to grow from RM8.1bn (US$1.9bn) in 2019 to RM9.5bn (US$2.3bn) in 2024 at a compound annual growth rate (CAGR) of 3.2%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Meat – Market Assessment and Forecasts to 2024’ reveals that the sector is majorly driven by growth […]
APAC seasonings, dressings & sauces sector to reach US$70.2bn in 2024, forecasts GlobalData
The Asia-Pacific (APAC) seasonings, dressings & sauces sector is the largest in the world and is expected to reach US$70.2bn in 2024, growing at a CAGR of 6.2% during 2019-2024. Improving standard of living and exposure to international cuisines are spurring the demand for the sector in the region, says GlobalData, a leading data and […]
APAC make-up sector to reach US$26.1bn in 2024, says GlobalData
The Asia-Pacific (APAC) make-up sector is the second largest globally and is expected to reach US$26.1bn in 2024, growing at a compound annual growth rate (CAGR) of 6.9% during 2019-2024. Rising disposable income and burgeoning middle class are spurring the demand for the sector in the region, says GlobalData, a leading data and analytics company. […]
APAC cosmetics & toiletries industry set to reach US$236.2bn in 2024, says GlobalData
The Asia-Pacific (APAC) cosmetics & toiletries industry is the second largest in the world and is expected to reach US$236.2bn in 2024, growing a compound annual growth rate (CAGR) of 5.8% during 2019-2024. Increasing disposable income and rapid urbanization have led the consumers to focus more on their appearance, spurring the demand for the sector […]
APAC hot drinks sector set to reach US$116.8bn in 2024, says GlobalData
The Asia-Pacific (APAC) hot drinks sector is the largest in the world and is expected to reach US$116.8bn in 2024, growing at a compound annual growth rate (CAGR) of 7.7% during 2019-2024. Increased spending power and busy lifestyles are spurring the demand for the sector in the region, says GlobalData, a leading data and analytics […]
Asia to lead global Bisphenol A capacity additions by 2024, says GlobalData
The global Bisphenol A capacity is poised to register a total growth of 17% by 2024. The Bisphenol A capacity is likely to increase from 7.60 million tonnes per annum (mtpa) in 2019 to 8.89 mtpa in 2024, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Bisphenol A Industry Outlook to 2024 […]
Over 50,000 cervical cancer cases can be prevented in India by 2050, says GlobalData
The World Health Organization (WHO) launched a global strategy on 17th November 2020 to eliminate cervical cancer. The move paves way for the prevention of more than 50,000 cases of cervical cancer among Indian women by 2050, according to GlobalData, a leading data and analytics company. Targets have been placed that need to be met […]