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The demand for more food to feed the world is escalating because of population growth and climate unpredictability. As a result, top agriculture companies are using AgriTech to optimize farming and transform the agricultural economy for a progressive and sustainable future, reveals GlobalData, a leading data and analytics company. Top AgriTech companies are using notable […]
APAC deal activity downward trend continues with 12.7% decline in May 2022, reveals GlobalData
A total of 1,161 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing deals) were announced in the Asia-Pacific (APAC) region during May 2022, which is a decline of 12.7% over the 1,330 deals announced during the previous month, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals […]
China to continue to spearhead global LNG liquefaction capacity additions through 2026, forecasts GlobalData
China is expected to lead the global liquefied natural gas (LNG) regasification capacity additions between 2022 and 2026, contributing 26% of the total LNG liquefaction capacity additions, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘LNG Regasification Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of […]
Fixed communication services revenue to grow at 5.8% CAGR during 2021-2026 in India, forecasts GlobalData
The total fixed communication services revenue in India is expected to increase at a compound annual growth rate (CAGR) of 5.8% from US$7.4 billion in 2021 to US$9.8 billion in 2026, mainly driven by the strong growth in the fixed broadband segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s India Fixed Communications Forecast […]
CStone sugemalimumab to face stiff competition in NSCLC segment in China, says GlobalData
The National Medical Products Administration (NMPA) of China has recently approved CStone Pharmaceuticals’ sugemalimumab (Cejemly) to treat patients with stage III non-small cell lung cancer (NSCLC), whose disease has not progressed following concurrent or sequential or platinum-based chemoradiotherapy. Against this backdrop, sugemalimumab will still face stiff competition in China, observes GlobalData, a leading data and […]
Credit card payments via UPI have potential to disrupt Indian consumer payments space, observes GlobalData
India’s recent proposal to allow credit card payments through unified payments interface (UPI) will further boost credit card acceptance in the country, says GlobalData, a leading data and analytics company. UPI has become a mainstream payment method in India, gradually displacing traditional cash payments. Launched in 2016, UPI has revolutionized the Indian payments space, enabling […]
Cleantechs lead global climate-smart innovations, finds GlobalData
As global emissions continue to rise at an alarming rate, cities and businesses are shifting to cleaner resources, energy, and technologies. This is resulting in innovations that allow processes, goods, and services to have a lower environmental impact, finds GlobalData, a leading data and analytics company. Abhishek Paul Choudhury, Senior Disruptive Tech Analyst at GlobalData, […]
618 online shopping festival to decide fortunes of China retail sector, says GlobalData
Chinese authorities lifted the months-long COVID-19 induced lockdowns in Beijing and Shanghai just in time for the 618 online shopping festival, taking place from 1 June to 18 June 2022. With retail sales being the bellwether for consumer spending, the success or failure of the 618 shopping festival will dictate the fortunes of the retail […]
US continues to spearhead global LNG liquefaction capacity additions through 2026, says GlobalData
The US is expected to lead the global LNG liquefaction capacity additions, contributing 57% of the total LNG liquefaction capacity additions between 2022 and 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘LNG Liquefaction Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build […]
EV manufacturers must assuage customer fears in India, says GlobalData
An increasing number of fires, faulty batteries, the absence of promised features, range anxiety, and other manufacturing defects have been creating havoc in the Indian electric vehicle (EV) market. Against this backdrop, EV manufacturers need to take the onus on themselves to make EVs a safer option while the government must come up with a […]
Life insurance industry in Asia-Pacific records highest growth of 7% over last five years in 2021, finds GlobalData
Asia-Pacific’s life insurance industry recorded 7% growth in 2021, the highest since 2016, due to increased insurance awareness as macroeconomic imbalances highlighted the importance of financial security in the wake of COVID-19 pandemic, says GlobalData, a leading data and analytics company. As per GlobalData, the life insurance industry written premiums in the Asia-Pacific region are […]
Saudi Vision 2030 will drive defense expenditure to $56.5bn in 2027, observes GlobalData
The ambitious strategic framework, Vision 2030, announced by Saudi Arabia’s crown prince Mohammad bin Salman to bolster the kingdom’s defense sector with an investment of $50bn to $80bn is expected to drive defense expenditure at a compound annual growth rate (CAGR) of 2.1% from $51.9bn in 2023 to $56.5bn in 2027, says GlobalData, a leading […]
Majority of top 20 APAC tech firms by revenue witness YoY revenue growth in 2021, finds GlobalData
Despite inflationary pressures and COVID-19 induced supply chain disruptions, approximately 85% of the top 20 Asia-Pacific (APAC) technology* companies witnessed year-on-year (YoY) cumulative revenue growth in 2021, finds GlobalData, a leading data and analytics company. Ragupathy Jayaraman, Business Fundamentals Analyst at GlobalData, comments: “Taiwan continues to lead the list of the top 20 APAC technology […]
General insurance industry in India to grow at 9.9% CAGR through 2026, forecasts GlobalData
The general insurance industry in India, which grew by 5% in 2021, its slowest growth during the last decade, is projected to grow at a compound annual growth rate (CAGR) of 9.9% from INR2,172.03 billion ($29.39bn) in 2021 to INR3,484.35 billion ($41.78bn) in 2026, in terms of gross written premiums (GWP), forecasts GlobalData, a leading […]
With Sugar Cosmetics investment LVMH eyes burgeoning cosmetics and toiletries market in India, opines GlobalData
Following the news that India-based omnichannel beauty startup Sugar Cosmetics has closed $50m Series D funding led by the Asia fund of L Catterton, part-owned by luxury house LVMH; Bobby Verghese, Consumer Analyst at GlobalData, offers his view: “LMVH invested in Sugar Cosmetics owing to the startup’s product development capabilities, stellar growth in both online […]
Astra Mk-1 will boost indigenous weapons manufacturing ecosystem and augment IAF combat capability, says GlobalData
Following the news that the Indian Ministry of Defence signed a contract with Bharat Dynamics Limited (BDL) to procure Astra Mk-1 Air to Air Missile (AAM); Tushar Mangure, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The Astra Mk-1 Beyond Visual Range (BVR) Air to Air Missile (AAM) is expected […]
Britannia Winkin’ Cow taps rising demand for on-the-go dairy drinks among Indian youth, opines GlobalData
Following the Britannia Industries’ announcement that its three-year old dairy drinks brand Winkin’ Cow has crossed the milestone of INR100 crore ($12.9 million) sales in FY2022; Bobby Verghese, Consumer Analyst at GlobalData, offers his view: “The Indian CPG giant made the announcement on the occasion of the World Milk Day on 1 June 2022. Encouraged […]
Australia steps up investments and decarbonizing policies to meet 2050 net zero emissions, observes GlobalData
In a bid to meet its target of zero emissions by 2050, Australia has come up with decarbonizing actions ranging from adopting electric vehicles to developing ethanol facilities to support the chemical industry, encouraging renewable refineries for the growth of biofuels. Furthermore, the country plans to increase its carbon capture and storage projects and develop […]
Xiaomi Mi Band 7 fitness tracker small update from Mi Band 6 but low price, health and fitness features will still drive sales, says GlobalData
Xiaomi has recently launched Mi Band 7 fitness tracker in China. Even though the fitness tracker lacks GPS functionality, low price and the incremental updates to health and fitness features will make it a hit among budget conscious consumers, according to GlobalData, a leading data and analytics company. Ardit Ballhysa, Technology Analyst at GlobalData, comments: […]
Tencent sentiment drops 3% in Q2 2022 amid regulatory struggles and cost pressures, finds GlobalData
Tencent’s sentiments dropped by 3% in Q2 2022 compared to Q1 2022, following the negativity around financial metrics, regulations, advertisements, FinTech and rising staff costs amid COVID-19 lockdowns. However, the company remains optimistic about controlling costs, gaming business, video accounts and cybersecurity, according to GlobalData, a leading data and analytics company. Rinaldo Pereira, Business Fundamentals […]