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The COVID-19 pandemic has pushed India to expedite focus on pharma research and development (R&D) to become more independent. The hope of getting indigenous COVID-19 vaccines has boosted the government’s confidence towards indigenous research and development and this momentum should continue, says GlobalData, a leading data analytics and research company. India is expected to unveil a […]
Deal activity in Asia-Pacific declines 11% in November 2020, finds GlobalData
A total of 1,681 deals were announced in the Asia-Pacific (APAC) region during November 2020, which is a decline of 11% over the 1,888 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 remained […]
Tripadvisor emerged as top travel intermediary among influencer conversations on Twitter over last six months, reveals GlobalData
The entire travel and tourism value chain has been affected by the COVID-19 outbreak, and travel intermediaries are not an exception. However, American online travel company Tripadvisor, Inc (Tripadvisor) witnessed a 40% growth in influencer conversations during June-November 2020 period on Twitter, which is the highest among the travel intermediaries, reveals GlobalData, a leading data […]
Toyota’s US$2bn investment plan to boost EV ecosystem in Indonesia, says GlobalData
Following the news that Japanese automotive giant Toyota plans to invest US$2bn for electric vehicle (EV) production in Indonesia over the next five years; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Toyota joins Hyundai, which is also committed to commence the production of EVs […]
Hyundai set to secure its position in next-gen mobility space with updated business strategy, says GlobalData
Following the news that Hyundai Motor has updated ‘Strategy 2025’ to accelerate transition into smart mobility solution provider; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Hyundai in the recent past has emerged as a key global automotive OEM with omnidirectional strategic approach. Despite being […]
Vietnam’s e-commerce market to reach US$13.1bn in 2020, says GlobalData
Vietnam is one of the fastest growing e-commerce markets in the Asia-Pacific region, driven by young population, growing middle class, growing Internet penetration and rising smartphone penetration. The COVID-19 pandemic and the subsequent social distancing measures have further accelerated the e-commerce growth. As a result, e-commerce sales in the country are set to grow by […]
Taiwan card payments to rise 5.6% in 2020 despite COVID-19, reveals GlobalData
Card payments in Taiwan are expected to register an annual growth of 5.6% in 2020, as the COVID-19 pandemic has accelerated the push towards electronic payments, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Cards Analytics reveals that card payments in Taiwan are expected to grow at a compound […]
Volkswagen looks to accelerate transformation towards e-mobility with new R&D center in China, says GlobalData
Following the news that Volkswagen (VW) has inaugurated a research and development (R&D) center for e-mobility in the Anhui province of China; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The R&D center in the Anhui province will act as the next e-mobility hub for […]
5G to drive Thailand mobile communications market during 2020-2025, forecasts GlobalData
5G mobile subscriptions are expected to drive the mobile communications market in Thailand by 2025, fuelled by growing demand for high-speed data transmission and low latency network. The demand for digital solutions in sectors such as healthcare, education, retail and tourism will drive the development of 5G in Thailand augmented by new normal after COVID-19, […]
South Korea’s domestic automotive sales to continue upward trend, says GlobalData
Following the news that South Korean Automakers witnessed 6.2% increase in cumulative January-November domestic automotive sales in 2020; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “While the world market suffers from the COVID-19 sales slump, South Korea is set to register record domestic sales […]
Samsung pivots towards foldable phones while mentions of Galaxy Note down in 2020 filings, finds GlobalData
Foldable smartphones hit the market last year itself, but they gained in popularity with improved hinge mechanisms in 2020. Samsung, which is one of the first companies to embrace the design, had a busy year on the foldable phone front. Against this backdrop, the success of foldable phones seems to have caused a decline in […]
Ola’s entry into New Zealand electric scooter market to offer new opportunities, says GlobalData
Following the news that ride-hailing major Ola plans to launch its electric scooter range in New Zealand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “After announcing its entry into electric vehicle (EV) business through the acquisition of the Netherlands-based electric scooter manufacturer Etergo BV […]
APAC sterilization equipment market to grow at 2% CAGR through 2030, forecasts GlobalData
Preventing the spread of contaminants has become more challenging in COVID-19 era. Against this backdrop, the Asia-Pacific (APAC) sterilization equipment market is expected to grow at a compound annual growth rate (CAGR) of 2% through 2030, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Sterilization Equipment (General Surgery) – Global Market Analysis and […]
Thyroid function tests market in India to reach US$125m in 2025, says GlobalData
Driven by the growing clinician preference for testing, increasing number of hypothyroidism and hyperthyroidism cases especially among pregnant women, neonates and geriatric population, and growing public awareness, thyroid function tests (TFTs) market in India is expected to reach US$125m in 2025, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Medical Intelligence […]
5G to drive China mobile communication services revenue at 3.7% CAGR during 2020-2025, forecasts GlobalData
The total mobile services revenue in China is set to increase from US$119.1bn in 2020 to US$142.8bn in 2025, at a compounded annual growth rate (CAGR) of 3.7%, supported by 5G infrastructure, increase in mobile data consumption and rising data average revenue per user (ARPU), according to GlobalData, a leading data and analytics company. GlobalData’s China […]
Fiber segment to drive Vietnam’s fixed broadband service revenue over next five years, forecasts GlobalData
Vietnam’s fixed broadband service revenue is expected to rise from US$1.36bn in 2020 to US$1.48bn in 2025, at a compound annual growth rate (CAGR) of 1.8%, driven by increase in fiber optics connections across residential and business segments, according to GlobalData, a leading data and analytics company. According to GlobalData’s Vietnam Fixed Communications Forecast Pack, […]
Aesthetic injectables market in APAC to reach US$3.8bn in 2030, forecasts GlobalData
Driven by the growing number of aesthetic procedures, technological advancements, growing urban population, preference to non-surgical and minimally invasive procedures and better patient outcomes, the aesthetic injectables market in Asia-Pacific (APAC) is expected to reach US$3.8bn in 2030, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Aesthetic Injectables (General Surgery) – Global […]
Card payments in Hong Kong to register subdued growth of 1.2% in 2020, forecasts GlobalData
The lockdown and social distancing measures in Hong Kong due to COVID-19 has resulted in the closure of businesses and decline in consumer spending. As a result, card payments are estimated to register a subdued 1.2% growth this year, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, card payments […]
Personal accident and health insurance in Asia-Pacific to reach US$240.1bn in 2023, says GlobalData
Personal accident and health (PA&H) insurance written premium in the Asia-Pacific region is forecasted to grow from US$157.6bn in 2019 to US$240.1bn in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s insight report, ‘Global Personal Accident and Health Insurance Market to 2023’, reveals that PA&H insurance in Asia-Pacific is projected to grow […]
Daimler bets big on India, says GlobalData
Following the news that commercial vehicle manufacturer Daimler India plans to have 350 dealerships across the country over next two years; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The strong headwinds faced by the commercial vehicle industry in India due to COVID-19 and economic […]