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The finalization of tender for the development of 5.8 GW solar power plants by the state-owned Andhra Pradesh Green Energy Corporation Limited (APGECL) is a positive move and allows to supply uninterrupted free power during the day to the farmers, according to GlobalData, a leading data and analytics company. The move forms part of a […]
5G investments to boost China’s mobile services market over 2020-2025, reveals GlobalData
Following an year-on-year decline of 1.9% in 2020 due to the impact of COVID-19 disruptions, the total mobile services revenue in China is poised to grow at a compound annual growth rate (CAGR) of 7.6% from US$124.8bn in 2020 to US$180.0bn in 2025, supported by anticipated growth in the adoption of higher average revenue per […]
Mobile wallet payments in South Korea to surpass US$500bn in 2024, reveals GlobalData
South Korea is a well-developed payments market, with consumers preferring cashless payment. While credit cards are the mostly preferred payment method, mobile wallet payments transaction value is expected to reach KRW581.3 trillion (US$503.5bn) in 2024, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Instrument Analytics reveals that the mobile […]
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% […]
Japan cities to be deprived of economic gains from Tokyo Olympics amid COVID-19 resurgence, says GlobalData
The resurgence of COVID-19 cases across Japan in winter season and the delay in mass inoculation process are likely to reduce the gains expected for the local economies during Tokyo Olympics, thereby delay the economic recovery of Japanese cities in 2021, according to GlobalData, a leading data and analytics company. Since the beginning of January […]
Minimally invasive neurosurgical devices market in Japan to grow at 7% CAGR over next five years, says GlobalData
Minimally invasive neurosurgical procedures in Japan have been either delayed or deferred due to the ongoing COVID-19 pandemic. However, the market is expected to rebound and grow at a compound annual growth rate (CAGR) of 7% over the next 5 years as the government has eased down lockdown measures and some of the elective procedures […]
Deal activity in Asia-Pacific likely to remain muted for some more time in 2021, says GlobalData
A total of 818 deals were announced in the Asia-Pacific (APAC) region in January 2021, which is a decline of 42.3% over the 1,417 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the deal volume during the month more […]
India looks to promote domestic solar manufacturing, but industry needs structural changes, says GlobalData
The tender invitation for the development of 5GW grid connected solar power projects under the Central Public Sector Undertaking (CPSU) Scheme Phase II in India is a great push designed to promote domestic solar panels manufacturing, but it has come at a time when the domestic solar energy equipment (mainly modules) manufacturers are finding it […]
GlobalData reveals top 10 cybersecurity influencers on Twitter during Q4 2020
An analysis of GlobalData’s Cybersecurity Influencer Platform, which tracks more than 200 leading industry experts and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, has revealed Bob Carver, Principal – Cybersecurity Threat Intelligence and Analytics at Verizon, as the top cybersecurity influencer during the […]
Competition from pure play OTT players to drive down China’s pay-TV market revenue over next five years, forecasts GlobalData
Intense competition from pure play over-the-top (OTT) video streaming services such as iQiyii and steady drop in the overall pay-TV average revenue per user (ARPU) are set to bring down the overall pay-TV services revenue in China from US$32.9bn in 2020 to US$31.9bn in 2025, according to GlobalData, a leading data and analytics company. An […]
Japan continue to lead APAC assisted reproductive technology devices market through 2030, says GlobalData
Japan is the largest market for assisted reproductive technology (ART) devices in the Asia-Pacific (APAC) region in 2020 and is expected to remain the same through 2030, according to GlobalData, a leading data and analytics company. GlobalData’s report, Assisted Reproductive Technology Devices (General Surgery) – Global Market Analysis and Forecast Model (COVID-19 Market Impact), reveals […]
Vaccine trials necessary to assess effectiveness against fast-spreading new COVID-19 variants, says GlobalData
While governments are ramping up vaccination programs, continued research into the effectiveness of the vaccines is imperative to prevent a worsening of the impact of COVID-19, says GlobalData, a leading data and analytics company. Mohamed Abukar, MSc, Clinical Trials Analyst at GlobalData, comments: “The fast-spreading new COVID-19 variants may reduce the protective effects offered by […]
HAL’s HTT-40 trainer aircraft acquisition promises bright future for India’s aerospace and defense manufacturers, says GlobalData
Following the news that Hindustan Aeronautics Limited (HAL) received a request for proposal (RFP) for its HTT- 40 trainer aircraft from the India’s Ministry of Defence (MoD); Venkatesh Kandlikar, Analyst at GlobalData, a leading data and analytics company, offers his view: “The procurement of the HTT-40 trainer aircraft will help establish India’s indigenous manufacturing capability […]
HIV testing to reach peak market value in 2021 after declining in 2020 due to COVID-19 in South Korea, says GlobalData
The human immunodeficiency virus (HIV) tests market in South Korea is forecast to reach a peak market value in 2021 after declining by about 30% in 2020 due to COVID-19, says GlobalData, a leading data and analytics company. GlobalData’s report, HIV Tests (In Vitro Diagnostics) – Global Market Analysis and Forecast Model (COVID-19 Market Impact), […]
Gaming software leads TMT industry with 130% year-on-year growth in M&A activity in 2020, finds GlobalData
Among all the technology, media and telecom (TMT) sectors, the gaming software saw the highest year-on-year growth of 130% in M&A activity, in terms of deal volume (deals with value greater than or equal to US$50m), reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Mergers and Acquisitions in Tech, Media and Telecom […]
Despite 46% growth in annual installed onshore wind capacity in 2020, Germany still off-target, says GlobalData
The German onshore wind industry witnessed a massive year-on-year growth of 46% in terms of installation with the addition of 1,431 MW or 420 turbines in 2020. The country aims to get 65% of its power from wind, solar and other renewable energy sources by 2030 and subsequently emerge as carbon neutral by 2050. However, […]
Union Budget 2021 will boost mobile payments market in India, says GlobalData
The COVID-19 pandemic has disrupted the global financial markets and the digital payments space is no different. Amid the rising fears of infection and the subsequent imposition of lockdown measures and travel restrictions, people preferred digital mode of payments. Against this backdrop, the Indian government’s decision to provide INR15bn (US$0.2bn) will further facilitate the growth […]
ASEAN vehicle sales down 28% in 2020, says GlobalData
The sales of new vehicles in Southeast Asia’s six largest markets* combined are estimated to have declined by 28.5% to 2,468,613 units in 2020, according to GlobalData, a leading data and analytics company. David Leggett, Automotive Analyst at GlobalData, says: “The annual picture shows much sharper declines earlier in the year, including a 24% drop […]
Emergency use approval in India paves way for Bharat Biotech to take Covaxin global, says GlobalData
The emergency use approval (EUA) of Covaxin in India will further strengthen its credibility and validate Bharat Biotech’s intent to make the indigenous vaccine popular in other parts of the world, says GlobalData, a leading data analytics and research company. Recently, Bharat Biotech has applied for regulatory approval to conduct clinical trials in Bangladesh and […]
Surge of bio/pharma special purpose mergers and acquisitions should be viewed with skepticism, says GlobalData
There has been a boom in bio/pharma special purpose acquisition companies (SPAC) deals in recent years. Last year seems to be no different as SPAC deals continue to provide an alternative way for companies to go public without needing a traditional initial public offering (IPO). However, the long-term success of SPAC acquisition targets in generating […]