Sarath.Chandra@globaldata.com

Pharma

Australia adopts digital health initiatives to control resurging COVID-19 cases, observes GlobalData

The COVID-19 pandemic has overtaken the existing health concerns such as cancer, diabetes, and cardiovascular diseases to become one of the major contributors to the recent rise in mortality rate in Australia. To combat the resurging infection rates due to newer sub-variants, Australia is focussing on the provisional approvals of vaccines along with the expansion […]

Oil & Gas

Asia to account for 45% of global polyethylene capacity additions through 2026, forecasts GlobalData

Asia is expected to lead the global polyethylene capacity additions between 2021 and 2026 with a share of 45%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Polyethylene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2021-2026’, […]

Banking

Card payments in South Korea to surpass $1 trillion in 2026, forecasts GlobalData

Card payments in South Korea are set to grow at a compound annual growth rate (CAGR) of 4.9% between 2022 and 2026 to reach KRW1,346.5 trillion ($1.1 trillion) in 2026, forecasts GlobalData, a leading data and analytics company. South Korea is among the few nations that effectively handled the COVID-19 pandemic compared to other developed […]

Insurance

Taiwan general insurance market to surpass $31 billion in 2026, driven by health awareness and booming real estate, says GlobalData

The general insurance market in Taiwan is set to grow at a compound annual growth rate (CAGR) of 5.4% from TWD220.2 billion ($25.5 billion) in 2021 to TWD286.9 billion ($31.3 billion) in 2026, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. As per GlobalData, the growth will be […]

Banking

Alternative payments account for two-thirds of e-commerce market in India, reveals GlobalData

Alternative payments methods such as mobile and digital wallets completely dominate the e-commerce space in India. They have displaced cash and cards to emerge as the most popular online payment method, accounting for two-thirds of India’s e-commerce market in 2022, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals […]

Pharma

India’s first homegrown mRNA COVID-19 vaccine likely to have low market penetration, says GlobalData

The Drug Controller General of India (DCGI) has recently approved Pune-based Gennova Biopharmaceuticals’ two-dose mRNA COVID-19 vaccine ‘GEMCOVAC-19’ for emergency use in adults aged 18 years and above. It is expected to be available soon in the country. However, the homegrown vaccine is likely to see low penetration in the Indian market, says GlobalData, a […]

Retail

Gap needs to strike balance between brand image and pricing strategy to appeal to cost-conscious Indians, says GlobalData

India’s largest retailer Reliance Retail has partnered with Gap Inc. to bring the American fashion brand Gap to India. Reliance Retail’s formidable presence is expected to aid Gap in quickly scaling up its product distribution network in the country. However, the American specialty apparel company needs to strike a balance between brand image and pricing […]

Medical Devices

China medical devices market to surpass $42 billion in 2022, forecasts GlobalData

The medical devices market in China is expected to continue to expand due to the growing aging population, technological improvements, and the development of clinic and hospital services in the wake of the COVID-19 pandemic. Against this backdrop, the market value of key medical devices in China will surpass $42 billion in 2022, accounting for […]

Banking

GlobalData forecasts Singapore credit and charge card payment market to reach nearly $60 billion in 2025

Singapore’s economy, which contracted by 5.4% in 2020, had recovered in 2021 with GDP registering a 7.2% growth, supported by the government’s stimulus program, and accelerated nationwide vaccination rollout. As a result, Singapore’s credit and charge card payment market is set to grow at a compound annual growth rate of 6.5% between 2021-2025 to reach […]

Technology

South Korea multiplay service revenue will grow at 2.4% CAGR over 2021-2026, forecasts GlobalData

Multiplay service revenue in South Korea is expected to grow at a compound annual growth rate (CAGR) of 2.4% from $6.9 billion in 2021 to $7.7 billion in 2026, driven by the steady rise in the number of multiplay households and growth in the average monthly multiplay household spending, according to GlobalData, a leading data […]

Business Fundamentals

China to pull down APAC regional economic growth rate to 3.9% in 2022, forecasts GlobalData

The growth of the Asia-Pacific (APAC) regional economy is set to slow down more than it was previously estimated due to China’s zero-COVID policy, the perils of the Ukraine war and tight monetary conditions. As a result, GlobalData, a leading data and analytics company, has revised down its 2022 growth forecast for the region from […]

Construction

Turkey’s widening trade deficit to constrain construction output growth, says GlobalData

Turkey’s trade deficit grew by 155.2% year-on-year (YoY) in May 2022, driven by a relative rise in the value of imports to exports owing primarily to a steep increase in the cost of imported energy. However, strong demand for real estate is expected to partially offset the industry’s weakness this year, says GlobalData, a leading […]

Disruptor

Network slicing improves 5G monetization with enterprise use cases, finds GlobalData

5G network slicing offers enhanced revenue possibilities for communication service providers (CSPs) in the enterprise segment. The technology helps shape a broad spectrum of 5G monetizing avenues for them with potential go-to-market strategies such as the Network-as-a-Service (NaaS) model, finds GlobalData, a leading data and analytics company. Kiran Raj, Practice Head of Disruptive Tech at […]

Consumer

CCPA ban on service charge leaves Indian HoReCa operators in dilemma, says GlobalData

Following the news that the Central Consumer Protection Authority (CCPA) has issued guidelines regarding the levy of service charge in hotels and restaurants in India: Bobby Verghese, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The CCPA’s clampdown comes at a time when the Indian foodservice sector is recuperating from […]

Aerospace, Defense & Security

GlobalData forecasts India defense expenditure to grow at 4.3% CAGR through 2027

The necessity to modernize military due to constant territorial disputes with neighbors China and Pakistan, coupled with a desire to project itself as a global power, is driving India’s defense budget. As a result, the country’s defense expenditure, including pensions, is anticipated to grow at a compound annual growth rate (CAGR) of 4.3% from $72.1 […]

Aerospace, Defense & Security

DOJ lawsuit against Booz Allen acquisition of EverWatch shows strong opposition to defense sector consolidation, says GlobalData

The Department of Justice’s (DOJ) anti-trust lawsuit to Booz Allen Hamilton’s acquisition of EverWatch Corp shows that federal opposition to mergers and acquisitions (M&A) in the defense supply chain remains strong. The opposition in this case is grounded on the potential to negatively affect the National Security Agency (NSA), which relies on Booz Allen and […]

Oil & Gas

Asia to dominate global xylene capacity additions with 85% share through 2026, reveals GlobalData

Asia is set to lead the global xylene industry capacity additions from new-build and expansion projects with a share of 85% between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Xylene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, […]

Strategic Intelligence

Big tech gatekeeping algorithms unsustainable and unethical, says GlobalData

Following a Japanese court ruling that restaurant review platform Kakaku.com unfairly altered AI-driven restaurant scores and should disclose part of its algorithms; Emma Taylor, Thematic Analyst at GlobalData, offers her view: “The ruling highlights the tension between big tech companies’ entitled belief that they have a right to keep their algorithms as trade secrets and […]

Consumer

Lifestyle diseases, propensity for self-medication to drive India OTC healthcare market at 4% CAGR through 2026, predicts GlobalData

Increasing health awareness in the aftermath of COVID-19 and soaring healthcare costs are driving the demand for over-the-counter (OTC) healthcare in India. As a result, the country’s OTC healthcare market is projected to grow at a compound annual growth rate (CAGR) of 4%, from INR200.4 billion ($2.7 billion) in 2021 to INR244.1 billion ($2.9 billion) […]

Oil & Gas

China to account for 66% of Asia xylene capacity additions through 2026, forecasts GlobalData

China is expected to register the highest xylene capacity additions in Asia, contributing around 66% of the region’s capacity additions through 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Xylene Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced […]

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Australia adopts digital health initiatives to control resurging COVID-19 cases, observes GlobalData

Asia to account for 45% of global polyethylene capacity additions through 2026, forecasts GlobalData

Card payments in South Korea to surpass $1 trillion in 2026, forecasts GlobalData

Taiwan general insurance market to surpass $31 billion in 2026, driven by health awareness and booming real estate, says GlobalData

Alternative payments account for two-thirds of e-commerce market in India, reveals GlobalData

India’s first homegrown mRNA COVID-19 vaccine likely to have low market penetration, says GlobalData

Gap needs to strike balance between brand image and pricing strategy to appeal to cost-conscious Indians, says GlobalData

China medical devices market to surpass $42 billion in 2022, forecasts GlobalData

GlobalData forecasts Singapore credit and charge card payment market to reach nearly $60 billion in 2025

South Korea multiplay service revenue will grow at 2.4% CAGR over 2021-2026, forecasts GlobalData

China to pull down APAC regional economic growth rate to 3.9% in 2022, forecasts GlobalData

Turkey’s widening trade deficit to constrain construction output growth, says GlobalData

Network slicing improves 5G monetization with enterprise use cases, finds GlobalData

CCPA ban on service charge leaves Indian HoReCa operators in dilemma, says GlobalData

GlobalData forecasts India defense expenditure to grow at 4.3% CAGR through 2027

DOJ lawsuit against Booz Allen acquisition of EverWatch shows strong opposition to defense sector consolidation, says GlobalData

Asia to dominate global xylene capacity additions with 85% share through 2026, reveals GlobalData

Big tech gatekeeping algorithms unsustainable and unethical, says GlobalData

Lifestyle diseases, propensity for self-medication to drive India OTC healthcare market at 4% CAGR through 2026, predicts GlobalData

China to account for 66% of Asia xylene capacity additions through 2026, forecasts GlobalData

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