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India remains the second biggest market in the Asia-Pacific (APAC) region for venture capital (VC) investments after China with US$6bn disclosed funding value, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that a total of 314 VC funding deals were announced in India during the period. Some […]
5G subscription growth to drive APAC mobile services market during 2021-2026, forecasts GlobalData
The total mobile communications services revenue in the Asia-Pacific (APAC) region is expected to grow at a compounded annual growth rate (CAGR) of 4.4% from US$320.9bn in 2021 to US$398.4bn in 2026, mainly driven by the mobile data segment, which is well supported by the growing availability and adoption of 5G services across several countries, […]
Life insurance industry in Hong Kong to reach $96.5bn in 2026, forecasts GlobalData
Hong Kong life insurance industry is projected to grow at a compound annual growth rate (CAGR) of 6.6% from HKD543.5bn ($70.0bn) in 2021 to HKD748.6bn ($96.5bn) in 2026, in terms of direct written premiums (DWP), according to GlobalData, a leading data, and analytics company. Anjuli Srivastava, Insurance Analyst at GlobalData, comments: “Life insurance industry is […]
Tencent top-line growth loses steam, but fundamentals remain strong, says GlobalData
Following the news that Tencent Holdings Ltd announced 8% revenue growth for the fourth quarter of FY2021, the lowest top-line growth since it went public in 2004; Benher Gracio, Analyst at GlobalData, a leading data and analytics company, offers his views: “China’s vice-like grip over the country’s technology firms continues to impact their top-line revenue […]
Surging exports to aid India retain fastest growing economy spot in 2022, says GlobalData
Following the news of India’s merchandize exports crossing the ambitious target of $400bn; Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “Despite COVID-19 and Russia-Ukraine war, India achieved the target of $400bn merchandize exports in FY21, which is a key milestone towards becoming an ‘Atmanirbhar Bharath’. GlobalData […]
Qualcomm ramps up hiring in Hyderabad, observes GlobalData
Following the news that American multinational firm Qualcomm plans to open its second largest facility outside of the US, in Hyderabad, India, and provide employment for around 8,700 people; Sherla Sriprada, Business Fundamentals Analyst at GlobalData, a leading data and analytics company, highlights the impact of this move on jobs creation: “Qualcomm has posted nearly […]
Software developers shortage drives demand for low-code, no-code platforms, finds GlobalData
The need for digital transformation has accelerated the demand for application development across many industries. However, there is a heavy reliance on IT professionals or platforms to address the increasing demand to create new applications. Low-code, no-code (LCNC) platforms shot to fame to enable non-IT professionals to drive outcome-oriented application development at a faster pace, […]
Mobile World Congress Barcelona 2022 Share of Voice Analysis
Mobile World Congress (MWC) Barcelona 2022, held from 28 February to 03 March 2022, pushed the social media conversations among Twitter influencers higher when compared to the previous year. An analysis of GlobalData’s Social Media Analytics Platform reveals the share of social media discussions of the most-mentioned companies on the topic from 21 February to […]
Enterprise data center and hosting services market in India to grow at 6.2% CAGR over 2020-2025, forecasts GlobalData
The total addressable market size of the data center and hosting services in India, in terms of enterprise spending opportunity, is poised to increase at a CAGR of 6.2% during 2020-2025, driven by the accelerated pace of digital transformation seen among enterprises and rising adoption of cloud services, forecasts GlobalData, a leading data and analytics […]
Payment infrastructure growth to facilitate cashless transition in Singapore, forecasts GlobalData
Singapore has a well-developed payment market, supported by robust payment infrastructure. The country’s developed point of sale (POS) infrastructure is complimented by QR code payment, which is now increasingly preferred by consumers as a safer payment method for cashless transition, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Cards Analytics […]
Enterprise storage spending in India to grow at 10.2% CAGR over 2020-2025, forecasts GlobalData
The total addressable market size for storage in India, in terms of revenue opportunity, is poised to increase at a healthy CAGR of 10.2% over 2020-2025, driven by the rising demand for advanced storage infrastructure that can support digital transformation initiatives across industries, forecasts GlobalData, a leading data and analytics company. Saurabh Daga, Technology Analyst […]
GlobalData expects more IPOs from tech, media, telecom companies across Southeast Asia in 2022
The COVID-19 pandemic has accelerated digital adoption across Southeast Asia. This has immensely benefitted startups with digital themes such as e-commerce, fintech, digital media, and gaming. Super app providers have come out of the pandemic in a strong position with some of them successfully going public. Against this backdrop, GlobalData, a leading data and analytics […]
Can Synthetic Biology Foster Bio Revolution?
Synthetic biology (SynBio) has grown over the last two decades to emerge as a mature area in biological engineering with its potential to offer innovative applications across various industries including healthcare and consumer. GlobalData’s FutureTech Series, ‘Engineering Microorganisms into Powerful Micromachines: Can Synthetic Biology Foster Bio Revolution?’ reveals that the key focus of enterprises is […]
Deal activity in Asia-Pacific down by 16.8% in February 2022, finds GlobalData
The ongoing global geopolitical issues and volatile market conditions continue to pose downside risk to the deal activity (mergers & acquisitions [M&A], private equity, and venture financing deals) for the second consecutive month across the Asia-Pacific (APAC) region. As a result, deal activity has taken a 16.8% hit during February 2022, reveals GlobalData, a leading […]
Card payments in Hong Kong set to rebound by 6% in 2022, forecasts GlobalData
The Hong Kong card payments market, which was affected by the COVID-19 pandemic, is on the recovery path supported by the economic revival and rise in consumer spending. As a result, it is expected to register a 6% growth in 2022 to reach HKD940.2bn ($120.6bn), forecasts GlobalData, a leading data and analytics company. According to […]
India accounts for over half of 23,000 jobs posted by IBM in 2022, finds GlobalData
International Business Machines Corp (IBM) is on a hiring spree. The US-headquartered company created around 23,000 jobs between January and March 2022* with 59% of such jobs posted in India. The increase in new job roles is also apparent in countries such as China, Japan, and the Philippines, finds GlobalData, a leading data and analytics […]
Card payments in Philippines set to grow by 11.6% in 2022, forecasts GlobalData
The card payments market in the Philippines, which was affected by the COVID-19 pandemic, is on the recovery path supported by the economic revival and rise in consumer spending. As a result, it is expected to register a strong growth of 11.6% in 2022 to reach PHP2.2 trillion ($44.0bn), forecasts GlobalData, a leading data and […]
General insurance industry in Vietnam to reach $3.5bn in 2026, forecasts GlobalData
The general insurance industry in Vietnam is projected to grow at a compound annual growth rate (CAGR) of 8.5% from VND60.15 trillion ($2.6bn) in 2021 to VND90.24 trillion ($3.5bn) in 2026, in terms of gross written premiums (GWP), according to GlobalData, a leading data, and analytics company. As per GlobalData, the growth of the Vietnamese […]
GlobalData finds 20% drop in Russia sentiment among Asia-Pacific companies during Q1 2022
With several Western peers halting Russian operations, there is a rising uncertainty around Asia-Pacific (APAC) companies’ stand on a Russian exit. As a result, the earnings call transcript sentiments of APAC-based companies were down by 20% in Q1 2022* over Q4 2021, reveals GlobalData, a leading data and analytics company. Rinaldo Pereira, Business Fundamentals Analyst […]
Influencers expect surging nickel prices to further disrupt electric vehicle supply chains, finds GlobalData
Twitter influencers conversations around nickel related to electric vehicles (EV) have increased by more than 300% during the second week of March, over the previous week. Against this backdrop, Twitter influencers opine that the surging nickel prices will further disrupt the supply chain of EVs, reveals the Social Media Analytics platform of GlobalData, a leading […]