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Hong Kong’s highly saturated mobile service market will register further growth in the mobile subscription penetration from 238% in 2020 to 268% in 2025, driven by the continued rise in mobile Internet subscriptions and rising adoption of machine-to-machine/Internet of Things (M2M/IoT) services, according to GlobalData, a leading data and analytics company. GlobalData’s Hong Kong Mobile […]
China emerges as safe haven for offshore HNW investors during COVID-19 pandemic, says GlobalData
COVID-19 has altered a lot of long-established patterns and the offshore investment market is not immune to this disruption. As a result, high-net-worth (HNW) investors are increasingly looking for new opportunities. Against this backdrop, mainland China has piqued the interest of offshore investors amid the pandemic, observes GlobalData, a leading data and analytics company. GlobalData’s […]
China narrows gap with US in GlobalData’s list of top five VC funded AI tech companies in 2020
Artificial intelligence (AI) has emerged as a true foundational technology that can enhance competitiveness, boost productivity and safeguard national security. With so much at stake—the two global superpowers—the US and China are framing policies to promote AI development to gain a strategic advantage over each other. While the US still leads the AI race, China […]
Digital twins unlocking next wave of innovation across industries, says GlobalData
The convergence of emerging technologies like artificial intelligence, the Internet of Things and big data is driving the adoption of digital twins across industries to build products, monitor assets, optimize maintenance, and reduce downtime, says GlobalData, a leading data and analytics company. Kiran Raj, Principal Disruptive Tech Analyst at GlobalData, comments: “The digital twin technology […]
West China’s pharma manufacturing lagging behind other regions, observes GlobalData
Western China’s pharmaceutical production needs international and domestic investment, as there less number of facilities compared to other Chinese regions and few international pharma companies or CMOs in the region given its geographic size, says GlobalData, a leading data and analytics company Adam Bradbury, PharmSource Analyst at GlobalData, comments: “There may be limits on international […]
Fiber to lead fixed broadband services market in Hong Kong through 2025, says GlobalData
Fiber broadband lines are set to continue to proliferate in Hong Kong and will remain the leading technology to deliver fixed broadband services in the country during 2020-2025, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Hong Kong Fixed Communication Model reveals that fiber-optic’s share in the total fixed broadband […]
Hiring activity surpasses pre-COVID-19 levels as India completes Janata curfew first anniversary, finds GlobalData
Hiring activity across various sectors in India, which recorded a continuous decline in the second quarter of last year due to the unprecedented lockdown measures, has been on a gradual growth trajectory since the third quarter of 2020 and surpassed the pre-Covid-19 levels in 2021, finds GlobalData, a leading data and analytics company. An analysis […]
Surge in OTT video services to pull down Singapore pay-TV revenues through 2025, forecasts GlobalData
Surge in the adoption of OTT video services in Singapore will pull down the overall pay-TV service revenues by 1.45% CAGR between 2020 and 2025, says GlobalData, a leading data analytics company. An analysis of GlobalData’s Singapore pay-TV Forecast Pack reveals that pay-TV household penetration will drop by more than five percentage points from 39.3% […]
Hong Kong’s e-commerce growth will continue beyond COVID-19 pandemic, says GlobalData
E-commerce sales in Hong Kong are forecasted to register a strong growth of 11.1% in 2021, as consumers are increasingly opting for online purchases, says GlobalData, a leading data and analytics company. According to GlobalData’s E-Commerce Analytics, e-commerce sales in Hong Kong are expected to grow at a compound annual growth rate (CAGR) of 8.3% […]
Influencers on Twitter excited on successful launch of SpaceX’s Starship rocket, reveals GlobalData
Space Exploration Technologies Corp (SpaceX) witnessed a dramatic jump in influencer conversations on Twitter during the first week of March over the previous week, following the first successful landing of its Starship rocket, according to GlobalData, a leading data and analytics company. On 3 March 2021, SpaceX achieved a major milestone as it launched its […]
Singapore’s multiplay service revenue will grow at 7% CAGR over 2020-2025, forecasts GlobalData
Steady rise in household penetration of multiplay service bundles and increase in average monthly household spending on tripleplay and quadplay services are set to drive the multiplay service revenue in Singapore at a compound annual growth rate (CAGR) of 7% from US$1.09bn in 2020 to US$1.53bn in 2025, according to GlobalData, a leading data and […]
South Korea coronary stents market to witness 11.7% growth through 2025, forecasts GlobalData
The coronary stents market in South Korea is expected to grow at double digit compound annual growth rate (CAGR) of 11.7% between 2020 and 2025, driven by increasing use of percutaneous coronary interventions (PCI) for the treatment of heart diseases, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Coronary Stents (Cardiovascular) – […]
Singapore’s new unicorn PatSnap well placed to capitalize on IP race between US and China, says GlobalData
Following the news that Singapore-based patent analytics firm PatSnap raised US$300m in a fresh Series E funding; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “With the fresh funding round backed by Softbank and Tencent, the valuation of PatSnap exceeded US$1bn. The fresh injection of capital will […]
Favorable regulatory landscape, 5G will drive overall mobile services market in Singapore, says GlobalData
Mobile services revenue to grow at 7% CAGR between 2020-2025 Average monthly mobile data usage to reach to 26.6 GB in 2025 GlobalData positive about Singapore’s 5G outlook Favorable regulatory landscape and the expansion of 5G services are expected to drive the overall mobile services market revenue of Singapore at a compound annual growth rate […]
PayPal sees surge in influencer discussions on Twitter post Curv acquisition, observes GlobalData
PayPal Holdings Inc. (PayPal) has recently agreed to acquire Israel-based cryptocurrency startup Curv. Subsequently, there was a 100% spike in influencer conversations around the global digital payments company on Twitter during second week of March, reveals GlobalData, a leading data and analytics company. PayPal expects Curv to accelerate and expand its initiatives to support cryptocurrencies […]
COVID-19 pandemic and structural reforms curtail Australia’s life insurance growth through 2025, says GlobalData
The life insurance industry in Australia is projected to decline at a compound annual growth rate (CAGR) of 0.9% from AUD34.8bn (US$23.6bn) in 2020 to AUD33.3bn (US$22.7bn) in 2025, in terms of gross written premium (GWP), due to the macroeconomic challenges from the COVID-19 pandemic and structural reforms, according to GlobalData, a leading data and […]
HSBC earnings transcripts reveal 47% rise in discussions around Asia in 2020, says GlobalData
Shifts focus away from low-return US and Europe markets Cost-cutting among top agendas Digital push weighs on hiring activity Volatility in the markets brought on by the COVID-19 pandemic is forcing London-based HSBC Holdings Plc (HSBC) to shift focus away from the low-return US and Europe markets to Asia. Against this backdrop, mentions around Asia […]
3D printing unlocks new design and manufacturing use cases across industries, says GlobalData
As industry 4.0 evolves, 3D printing has emerged as one of the key enabling technologies driving advancements across industries. The 3D printing industry is unlocking new use cases in production, planning & design and R&D by enabling industries to flexibly work with numerous plan selections in terms of design complexities, easy replication and design modifications […]
Increasing prevalence fueling demand for diabetes assays market in Australia, says GlobalData
The necessity to screen and monitor diabetes patients is driving the diabetes assays market in Australia. The market, which declined in 2020 due to the COVID-19 pandemic, is expected to recover in 2021 with growth returning from 2022 onwards, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Diabetes Assays (In Vitro Diagnostics) […]
Flipkart explores US listing to strengthen position in Indian e-commerce market, says GlobalData
India-based Flipkart has benefited from the e-commerce surge during the COVID-19 pandemic and is now exploring going public in the US through a merger with a special-purpose acquisition company (SPAC). Unlike a traditional IPO process this approach is less intrusive with fewer disclosure requirements and as the competition intensifies in the Indian e-commerce market, it […]