Sarath.Chandra@globaldata.com

Banking

COVID-19 to drive e-commerce growth in Australia at 10.3% CAGR through 2024, forecasts GlobalData

The e-commerce market in Australia has been on a high growth curve during the past few years. The COVID-19 outbreak is further set to drive the e-commerce sales in the country at a compound annual growth rate (CAGR) of 10.3% between 2020 and 2024, according to GlobalData, a leading data and analytics company An analysis […]

Business Fundamentals

VC investors continue to repose faith in Chinese companies in 2020, reveals GlobalData

Despite a wave of antitrust moves against tech giants such as Alibaba and Tencent, venture capital (VC) investors seem to be reposing their faith in China-based companies. Edtech, aerospace, memory chips and ride-hailing found the most favor with VC investors in 2020. China, which has several companies working in these areas, dominated the list of […]

Insurance

General insurance industry in Indonesia to reach US$5.17bn in 2025, forecasts GlobalData

The general insurance market in Indonesia, in terms of gross written premium, is projected to grow from IDR63.87 trillion (US$4.50bn) in 2020 to IDR77.53 trillion (US$5.17bn) in 2025, according to GlobalData, a leading data and analytics company. GlobalData has revised Indonesia’s insurance forecast in the aftermath of COVID-19 outbreak. As per the latest data, Indonesia’s […]

Medical Devices

China to continue to lead APAC interventional cardiology devices market through 2025, says GlobalData

China is the largest market for interventional cardiology devices in the Asia-Pacific (APAC) region in 2020 and is expected to remain the same through 2025, according to GlobalData, a leading data and analytics company. GlobalData’s research reveals that the interventional cardiology devices market in China is expected to grow at a compound annual growth rate […]

Pharma

Takeda continues collaboration run to bolster global immuno-oncology footprint, says GlobalData

The need to develop novel innovative cancer drugs at affordable prices is forcing large pharmaceutical firms to collaborate with biotech companies and academic institutions. Japan-based Takeda Pharmaceuticals too is focusing on strategic collaborations to bolster its global immuno-oncology (IO) footprint, says GlobalData, a leading data and analytics company. In January 2021, Takeda entered a broad […]

Pharma

Brexit deal secures UK access to €95.5bn research and innovation program, says GlobalData

Through the Brexit deal struck between the UK and EU on 24 December 2021, the UK will be part of Horizon Europe, the EU’s next framework program for research and innovation. The UK-EU trade deal will give the UK researchers and businesses access to Horizon Europe funding on equivalent terms as EU counterparts, including eligibility to […]

Disruptor

Digital savvy companies stay relevant to customers in post-pandemic era, says GlobalData

Prior to the COVID-19 pandemic, a paradigm shift towards digitization was already underway across the sectors. However, the pandemic has further accelerated the transformation, which is evident by the marked growth in spending towards digitization by businesses. Against this backdrop, companies with agile digital strategies will be able to reinvent their business models and stay […]

Technology

Enterprise cloud spending in Philippines to reach US$2.6bn in 2024, says GlobalData

Digital transformation, increased cloud usage, edge computing and growing international connectivity offer opportunity for Philippine vendors to work with hyperscale providers to grow cloud revenues in the country. Against this backdrop, the enterprise spending on cloud services will grow from US$1.8bn in 2020 to US$2.6bn in 2024, says GlobalData, a leading data and analytics company. […]

Disruptor

Artificial intelligence tops patent filings in 2020, finds GlobalData

Innovations enabled by artificial intelligence (AI) are growing at a strong pace, which is evident from the technology taking the top spot in the patent filings of 2020. The need to automate business processes to improve efficiency and control costs across industries is fueling the surge in AI patent filings by tech giants and enterprises, […]

Pharma

Verana Health will strengthen Janssen’s presence in ophthalmology in long-term, says GlobalData

Janssen Pharmaceuticals has recently partnered with Verana Health, which is specialized in data analytics in the field of ophthalmology and urology. The collaboration can help Janssen to derive clinical and business insights that can be critical for the development of drugs and understanding current treatment paradigms in ophthalmology in the long-term, says GlobalData, a leading […]

Automotive

Indonesia off-track with its target of exporting one million vehicles by 2024, says GlobalData

Following the news from the Association of Indonesia Automotive Industries (GAIKINDO) that automotive exports from the country declined by 30.1%; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “Indonesia’s automotive output tumbled significantly due to the COVID-19 and troubled economic environment in 2020. Production, domestic […]

Disruptor

Insurers partner with paytechs to widen distribution in India, finds GlobalData

Amid the COVID-19 pandemic induced push towards digitization, there are opportunities for insurance companies to identify new distribution channels. Insurers in India, for instance, are increasingly collaborating with payment tech companies (paytechs) to sell their policies and sustain growth, says GlobalData, a leading data and analytics company. Ayushi Tandon, Senior Fintech Analyst at GlobalData, comments: […]

Pharma

American Indians and Alaska natives should be prioritized for COVID-19 vaccines, says GlobalData

COVID-19 relief and vaccine roll-out should prioritize American Indians and Alaska Natives (AI/AN) populations, as they are a marginalized group in the US healthcare and are more likely to be hospitalized with severe symptoms than the general population. If vaccine rollout can indeed reach 75% of the AI/AN population, it is hopeful the pandemic in […]

Insurance

General insurance industry in Australia to reach US$67bn in 2025, forecasts GlobalData

The general insurance industry in Australia is projected to grow from AUD76.3bn (US$51.8bn) in 2020 to AUD98.0bn (US$66.9bn) in 2025, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company. GlobalData’s insight report, ‘Australia General Insurance: Key Trends and Opportunities to 2025’, reveals that the general insurance industry in […]

Business Fundamentals

ASEAN economies poised for robust recovery with 6% real GDP growth in 2021, says GlobalData

Receding daily COVID-19 cases, rollout of vaccines, increased spending by the governments along with easing of monetary restrictions will help revive the Association of Southeast Asian Nations (ASEAN*) economies in 2021 with their real GDP forecasted to rise by 6%, says GlobalData, a leading data and analytics company. Despite the contraction in real GDP in […]

Automotive

India’s vehicle scrappage policy presents opportunity to nearly four million vehicles, says GlobalData

The voluntary vehicle scrappage policy under the Indian Union Budget 2021-22 will drive the sales of new fuel-efficient and environment-friendly vehicles, says GlobalData, a leading data and analytics company. In the past few years, India’s auto industry has been witnessing subdued sales volumes and production declines stemming from both the macroeconomic and COVID-19 related issues. […]

Technology

Fixed broadband to drive China’s fixed communication services revenue at 2.5% CAGR during 2020-2025, forecasts GlobalData

The total fixed communications services revenue in China is expected to increase at a compounded annual growth rate (CAGR) of 2.5% from US$95.2bn in 2020 to US$107.5bn in 2025, supported by the growth in fixed broadband segment, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s China Fixed Communication Model indicates […]

Banking

QR code-based payments gradually displacing cash in Singapore, reveals GlobalData

Singapore has been investing in building infrastructure for cashless payments for a long time, with QR code being one such initiative. As a result, QR payment is increasingly displacing cash among small merchants. Its growing acceptance has even prompted some of the larger merchants, that traditionally focused on payment cards, to begin accepting QR payments, […]

Automotive

Temporary tax relaxation right ingredient to revive vehicle sales in Indonesia, says GlobalData

Following the news that the Coordinating Ministry for Economic Affairs approved the Ministry of Industry’s proposal to relax the Sales Tax on Luxury Goods (PPnBM) of motor vehicles in stages during 2021; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “The move will give a […]

Insurance

FDI limit hike to accelerate insurance growth in India, says GlobalData

The proposed increase in foreign direct investment (FDI) limit in the insurance sector in India from 49% to 74% is expected to accelerate growth, according to GlobalData, a leading data and analytics company. As per the latest data from GlobalData, Indian insurance industry is expected to register a compound annual growth rate (CAGR) of 6.3% […]

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COVID-19 to drive e-commerce growth in Australia at 10.3% CAGR through 2024, forecasts GlobalData

VC investors continue to repose faith in Chinese companies in 2020, reveals GlobalData

General insurance industry in Indonesia to reach US$5.17bn in 2025, forecasts GlobalData

China to continue to lead APAC interventional cardiology devices market through 2025, says GlobalData

Takeda continues collaboration run to bolster global immuno-oncology footprint, says GlobalData

Brexit deal secures UK access to €95.5bn research and innovation program, says GlobalData

Digital savvy companies stay relevant to customers in post-pandemic era, says GlobalData

Artificial intelligence tops patent filings in 2020, finds GlobalData

Verana Health will strengthen Janssen’s presence in ophthalmology in long-term, says GlobalData

Indonesia off-track with its target of exporting one million vehicles by 2024, says GlobalData

Insurers partner with paytechs to widen distribution in India, finds GlobalData

American Indians and Alaska natives should be prioritized for COVID-19 vaccines, says GlobalData

General insurance industry in Australia to reach US$67bn in 2025, forecasts GlobalData

ASEAN economies poised for robust recovery with 6% real GDP growth in 2021, says GlobalData

India’s vehicle scrappage policy presents opportunity to nearly four million vehicles, says GlobalData

Fixed broadband to drive China’s fixed communication services revenue at 2.5% CAGR during 2020-2025, forecasts GlobalData

QR code-based payments gradually displacing cash in Singapore, reveals GlobalData

Temporary tax relaxation right ingredient to revive vehicle sales in Indonesia, says GlobalData

FDI limit hike to accelerate insurance growth in India, says GlobalData

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