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Due to the severe impact of COVID-19 on Thailand’s economy, the non-life insurance market is expected to contract by 5.6% in 2020, according to GlobalData, a leading data and analytics company. GlobalData has revised Thailand’s insurance forecast in the aftermath of the COVID-19 outbreak. As per the latest data, Thailand’s non-life insurance market is forecast […]
Direct to Consumer emerges as an alternate sustainable retail strategy post-COVID-19, says GlobalData
The recent lockdown sprees have compelled the brands to look at alternative ways to provide consumers the products they need. Therefore, many brands are offering direct-to-consumer (DTC) home delivery services for the first time amid the COVID-19 lockdown. The brands are offering DTC service in almost every sector and categories of retail that is expected […]
Indian Navy carries on sustainability tasks with its largest solar plant inauguration, says GlobalData
Following the news that the Indian Navy inaugurated its largest solar power plant with a capacity of 3 MW in Kerala; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Sustainability is a trend that has been in the focus of militaries across the world with […]
Fixed broadband segment to drive growth of overall fixed communication revenues in Japan over 2019-2024, says GlobalData
Higher than anticipated growth in fixed broadband revenues will help the overall fixed communication services market in Japan to post revenues of US$47bn in 2020 amidst the COVID-19 crisis, which is expected to reach US$48bn by 2024, according to revised forecasts from GlobalData, a leading data and analytics company. GlobalData’s Japan Telecom Operators Country Intelligence […]
Major APAC economies to recover marginally in second half of 2020 with unlocking initiatives, says GlobalData
Major Asia-Pacific (APAC) countries have been partially successful in containing the spread of the contagious COVID-19 and had started opening up the economies in phases. Since mid-May 2020, partial restoration of business activities had resulted in a slowdown in the intensity of job losses and recovery is expected to gain momentum during the remaining part […]
India’s health insurance business to grow by 10% in 2020, says GlobalData
Despite the impact of Coronavirus (COVID-19), health insurance in India is projected to grow by 10% in 2020, according to GlobalData, a leading data and analytics company. Increase in consumer awareness due to the pandemic is expected to boost retail sales of health insurance products in India. The health insurance market growth contrasts the trend […]
Wearable technology reinforcing customer engagement for enterprises, says GlobalData
Smart wearables are redefining the way brands communicate with their customers using digital technologies such as the internet of things (IoT). They take advantage of today’s hyper-connected customers’ empowering enterprises to enhance their customer engagement, says GlobalData, a leading data and analytics company. Venkata Naveen, Disruptive Tech Analyst at GlobalData, comments: “The maturing wearable tech […]
SECI’s 1.07 GW solar PV tender in Rajasthan with improved flexibility to generate greater interest, says GlobalData
The Solar Energy Corporation of India (SECI) has issued a tender for setting up 1.07 GW grid-connected solar photovoltaic (PV) power projects in Rajasthan, India. The projects would be developed on a build-own-operate (BOO) model. The selection of the developers would happen through an e-reverse auction. Furthermore, the Rajasthan government has provided a free-hand to […]
Australian cities’ tourism sector is in turmoil, says GlobalData
Tourism sector has predominantly high contribution of more than 10% to the Australian economy making the country as the fourth largest contributor in the sector of Asia-Pacific (APAC) region. International travel restrictions along with imposition of complete lockdown and quarantine measures helped to contain the spread in Australia, but had led to severe disruption to […]
Jio defies challenging market conditions with unprecedented investments pouring in, says GlobalData
Jio Platforms Limited (Jio) has been a notable exception for being able to garner unprecedented back-to-back investments during these challenging times. The investments spree that started with Facebook on 22 April 2020 also saw many other foreign investors ranging from tech giants to big private equity firms (PE) evincing interest in Jio. The cumulative value […]
Hyundai suffering from dismal performance in India, China, US and Europe, says GlobalData
Following the news that South Korean manufacturer Hyundai Motor’s operating profit halves in Q2 2020. Bakar Sadik Agwan, Senior Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “Hyundai Motors reported a decline of 52% year-on-year in Q2 2020 operating profit due to low demand for new vehicles in the overseas […]
KAI’s Boeing 787 parts supply contract with Subaru to provide relief to COVID-19 hit South Korean economy, says GlobalData
Following the news that Korean Aerospace Industries (KAI) and Subaru of Japan have signed an exclusive supply contract to extend deliveries of Boeing 787 parts till the end of certification); Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “As of now, KAI’s agreement with Subaru […]
Indonesia’s vehicle sales to remain subdued in 2020, says GlobalData
Following the news that Indonesia Automotive Industry Association (GAIKINDO) reported month-on-month increase in vehicle sales in June 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Indonesia has not yet flattened the COVID-19 curve as the number of positive cases remains high in the country. Presently, […]
China’s massive hydropower build up within the country and globally to prevent the capacity and generation share from falling significantly, says GlobalData
Between 2019 and 2030, the share of hydropower in several major countries is estimated to continue falling. But globally, the decline is estimated to be less significant during this period, mostly due to the large scale capacity additions by Chinese companies not only in China but also in other countries. Most of the largest upcoming […]
Taiwanese payment cards market growth expected to sustain the COVID-19 outbreak, says GlobalData
Taiwan is among least affected nations from the outbreak of COVID-19 pandemic. With the government introducing comprehensive stimulus measures and easing international travel restrictions, a rise in consumer spending is expected which will in turn drive growth in card payments, says GlobalData, a leading data and analytics company. According to GlobalData revised forecasts, the value […]
Japan to re-align offshore wind growth strategy, prepares blueprint identifying 30 potential development areas, says GlobalData
Japan is set to draft new rules and support framework in a drive that points to construct offshore wind projects at 30 locales by the end of the next decade. The new policy plans for three or four projects each year with a total generation capacity of 1 gigawatt (GW), from the fiscal year beginning […]
India builds on localization drive with T-90 Mine Plough purchase, says GlobalData
Following the news that the Indian Ministry of Defence signed a contract with Bharat Earth Movers Limited (BEML) to procure 1,512 Mine Ploughs for T-90 tanks; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “This deal focuses on building the local industry and its capability while […]
South Korea’s skincare sector to reach US$10.7bn by 2024, says GlobalData
The skincare sector in South Korea is forecast to grow from ₩8.9 trillion (US$7.6bn) in 2019 to ₩12.5 trillion (US$10.7bn) by 2024, recording a compound annual growth rate (CAGR) of 7.0%, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘South Korea Skincare – Market Assessment and Forecasts to 2024’ reveals that the facial […]
COVID-19 may provide an opportunity for economic stimulus and recovery efforts to boost clean energy transition in India, says GlobalData
COVID-19 has given birth to some solid challenges across the Indian power and transport value chain in the form of liquidity limitations, logistics, supply-demand challenges, and shifts in consumer demand and generating preferences. A study by NITI Aayog and Rocky Mountain Institute (RMI) recognized that the pandemic can provide an opportunity to propel the clean […]
‘Office of the Future’ to be shielded by digital technologies, says GlobalData
The COVID-19 pandemic has upended the traditional work-from-office models and enforced months of work from home (WFH) due to the prolonged lockdowns. Now that many countries have lifted lockdowns, enterprises are increasingly willing to reopen their physical offices by redesigning them with digital solutions centered around employee safety and wellbeing, says GlobalData, a leading data […]