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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 […]
Right mix of strategies to support Hyundai’s rebound in China, says GlobalData
Following the news that South Korean automakers Hyundai and Kia target to increase China sales by 23% in 2021; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “Hyundai Motor Group (HMG) has been going through a bumpy ride in China with both sister companies Hyundai […]
Capco deal yields Wipro steep spike in influencer discussions on Twitter, observes GlobalData
India-based IT giant Wipro Limited (Wipro) has recently agreed to acquire London-headquartered global management and technology consultancy Capco for US$1.45bn. Subsequently, there was a 150% spike in influencer conversations on Wipro during the first week of March compared to the previous week, reveals GlobalData, a leading data and analytics company. This is Wipro’s largest ever […]
Buy now and pay later all set to disrupt e-commerce payments in APAC, says GlobalData
Buy now and pay later (BNPL) has emerged as a viable credit option for e-commerce purchases in Asia-Pacific (APAC) as several payment companies are now offering this service, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that the APAC e-commerce market is set to grow at a compound […]
Ford Motor sees 200% growth in influencer conversations after doubling investment in EVs, reveals GlobalData
Ford Motor Company (Ford) doubled its investment in electric vehicles (EVs) while declaring better than expected quarterly earnings report for Q4 2020. This led to a staggering 200% jump in influencer conversations on Twitter during January-February 2021 over the previous two months, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s […]
General insurance industry in Taiwan to reach US$8.3bn in 2024, says GlobalData
The general insurance industry in Taiwan is projected to grow from TWD188.6bn (US$6.1bn) in 2019 to TWD232.7bn (US$8.3bn) in 2024, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company. GlobalData has revised Taiwan’s general insurance forecast in the aftermath of COVID-19 outbreak. As per the latest data, Taiwan’s […]
AbbVie pips Gilead to dominate Japan’s hepatitis C virus digital marketing space, says GlobalData
The hepatitis C virus (HCV) therapeutics market in Japan is highly competitive with stiff competition between Gilead and AbbVie. However, AbbVie has taken an edge over Gilead in terms of HCV-related digital initiatives, finds GlobalData, a leading data and analytics company. According to GlobalData’s ‘Pharmaceutical Intelligence Center’, the number of diagnosed prevalent cases of HCV […]
Gojek rivalry with Grab extends to digital payments with investment in Indonesia’s e-wallet LinkAja, says GlobalData
Following the news that Indonesia-based ride-hailing giant Gojek has invested in state-backed e-wallet LinkAja in a fresh funding round; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “Rising Internet penetration, increasing digitalization and the proliferation of websites have been driving e-wallets’ growth in Indonesia. The popularity of […]
Australia implantable ports market to grow at 4% CAGR through 2025, forecasts GlobalData
The implantable ports market in Australia is expected to grow at a compound annual growth rate (CAGR) of about 4% between 2020 and 2025, driven by aging population and technological advancements, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Implantable Ports (Drug Delivery Devices) – Global Market Analysis and Forecast Model (COVID-19 market […]
China’s multi-play service revenue to increase at 12.5% CAGR between 2020 and 2025, forecasts GlobalData
The total multi-play service revenue in China is expected to grow at a robust compound annual growth rate (CAGR) of 12.5% between 2020-2025 and is forecast to reach US$74.1bn by the end of 2025, driven by strong growth across triple and quad-play subscriptions, according to GlobalData, a leading data and analytics company. An analysis of […]
Increasing desire to enhance physical appearance propelling body contouring market in South Korea, says GlobalData
With a greater number of patients seeking alternatives to traditional diet and exercise to achieve their ideal body image, there is a rising demand for body contouring devices market in South Korea making it the third largest market in Asia-Pacific (APAC), says GlobalData a leading data and analytics company. GlobalData’s report, ‘Body Contouring Devices (General […]
Japanese OEMs need to focus on pricing strategy to accelerate BEV adoption, says GlobalData
Following the news that Tesla car demand picked up in Japan after aggressive price cut; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “The uptick in the domestic demand for mid-range electric sedan Tesla Model 3, the company’s most affordable EV, is a result of […]
Australia will lead Asia-Pacific mobile communication segment growth through 2025, reveals GlobalData
Australia will witness the fastest compound annual growth rate (CAGR) of 15.4% in terms of mobile service revenues in the Asia-Pacific (APAC) region between 2020 and 2025, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Asia-Pacific Mobile Communication Forecast Model reveals that as 5G service adoption starts growing in Australia […]
Weak policy framework key challenge for EV growth in Australia, says GlobalData
Following the news that electric car sales in Australia grew by just 2.7% in 2020, according to the Electric Vehicle Council; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “Unlike other developed countries, which are trying hard to hit their electric vehicle (EV) sales targets, […]
EdTech startups help China dominate GlobalData’s list of top five VC funded companies in APAC in 2020
China is the largest economy in the Asia-Pacific (APAC) region and has a conducive startup ecosystem. As a result, China-based startups, which are at the forefront of innovation in emerging technologies, are able to attract investors’ attention. This reflects in GlobalData’s list of top five VC funded companies in APAC in 2020, where all the […]
Covaxin interim efficacy data will further boost market penetration, says GlobalData
Following the news that Bharat Biotech’s COVID-19 vaccine Covaxin showed 81% interim efficacy; Prashant Khadayate, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “In January 2021, Covaxin was granted emergency use approval in India in the absence of late-stage efficacy data, raising questions on its effectiveness. This was reflected in […]
Australia pay-TV market revenue to decline at 2.6% CAGR over next five years, forecasts GlobalData
The total pay-TV services revenue in Australia is set to decline at a compound annual growth rate (CAGR) of 2.6% from US$2.4bn in 2020 to US$2.1bn in 2025 due to continued drop in Cable TV and DTH subscriptions and revenue, reveals GlobalData, a leading data and analytics company. According to GlobalData’s Australia Pay-TV Forecast Model, […]
Recent and upcoming launches to boost passenger vehicle sales in India, says GlobalData
Following the news that the year-on-year (y-o-y) passenger vehicle sales in India grew by 23% in February 2021; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “All OEMs, except Ford and Skoda, witnessed y-o-y increase in their sales volumes. The robust growth in monthly passenger […]
Australia’s mobile services market to grow at 15.4% CAGR over 2020-2025, forecasts GlobalData
Following a decline in 2020 due to the COVID-19 pandemic, mobile services revenue in Australia is expected to maintain a compound annual growth rate (CAGR) of 15.4% and reach US$14.9bn in 2025, supported by strong growth in mobile data service revenue, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Australia […]
Launch of generic brands for expensive oncology drugs improves treatment affordability and access in India, says GlobalData
The Central Drugs Standard Control Organization (CDSCO) has recently approved several generic versions of sunitinib to treat kidney cancer. Against this backdrop, the approval of generic brands of expensive oncology drugs will not only help in reducing the cost of these life-saving drugs but also improve access and adherence to treatment in the future, says […]