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With the COVID-19 pandemic dominating the headlines, the fear of uncertainty gripped the financial markets and investors remained cautious in 2020. However, the US and China managed to attract the highest number of high-value venture capital (VC) investments (>=US$100m), collectively accounting for more than 75% of the volume and value of such deals, according to […]
Asia-Pacific mobile communications market to grow at 6.11% CAGR during 2020-2025, forecasts GlobalData
The total revenue of mobile communications services market in the Asia-Pacific (APAC) region is expected to grow at a compounded annual growth rate (CAGR) of 6.11% between 2020 and 2025, supported by conducive government policies and growing demand for 5G services, according to GlobalData, a leading data and analytics company. Amit Sharma, Project Manager of […]
India’s Union Budget 2021 provides significant boost to power sector, says GlobalData
Following the news that the India’s Union Budget 2021, presented on 1 February, contains several key announcements related to the power sector, which is a core infrastructure sector; Harminder Singh, Director of Power at GlobalData, a leading data and analytics company, offers his view: “One of the key areas ailing the power sector in India […]
Union Budget 2021 will put India on faster recovery path, says GlobalData
Following today’s presentation of India’s Union Budget 2021 (01 February) in the backdrop of crucial COVID-19 economic crisis; Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “The huge increase in health expenditure by 137%, support for domestic agri-manufacturers through increase in custom duties and a big push […]
Joe Biden’s tax plan places higher burden on top corporates and risks medium-term economic recovery in the US, says GlobalData
The success of Biden’s new US tax plan hinges upon robust recovery of the economy from the COVID-19 crisis, according to GlobalData, a leading data and analytics company. In 2020, US Government expenses have risen substantially, with general government borrowing shooting up to 18.7% of the GDP. Furthermore, debt burden (as a % of GDP) […]
Key companies in Japan’s melanoma market need to establish stronger digital support across all channels, finds GlobalData
The melanoma therapeutics market in Japan comprises of drugs approved for chemotherapy, immunotherapy, and targeted therapy. Among these, immunotherapy and targeted therapy are the leading class of drugs. The digital support from existing players available for patients through branded and unbranded channels is not equally distributed as there is a lack of presence or weaker […]
Focus on healthcare, infrastructure and defense to widen India’s budget deficit to 5.6% of GDP in FY21, says GlobalData
The Union Budget of India 2021-22 is expected to focus more on driving the economic recovery through higher spending on healthcare, infrastructure, and defense amid the rising tensions with neighbors. This is expected to widen the budget deficit to 5.6% of GDP in FY21, says GlobalData, a leading data and analytics company. The need of […]
China dominates top 50 APAC companies by market capitalization list in Q4 2020, reveals GlobalData
China accounted for more than half of the top 50 Asia-Pacific (APAC) companies by market capitalization. The list includes 26 companies from China, followed by 11 from Japan, five from India, three from Australia, two from South Korea and one each from Hong Kong, Singapore, and Taiwan, according to GlobalData, a leading data and analytics […]
Despite inconsistent M&A deal activity, China continues to be key global growth engine in Q4 2020, reveals GlobalData
Mergers and acquisitions (M&A) deal activity in the Asia-Pacific (APAC) region remained inconsistent during the fourth quarter (Q4) of 2020. Akin to most of the APAC countries, China also experienced inconsistent activity but continues to be a key global growth engine as global investors see it as an attractive investment destination with the further opening […]
Chinese companies will struggle to list on US stock markets, says GlobalData
The ongoing geopolitical stand-off between the US and China will discourage Chinese companies from listing on the US stock exchanges while those with existing listings in the US will look eastwards, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Thematic Research – TMT IPO themes’, reveals that 25 Chinese tech, media, and […]
Card payments market in China to register 11% CAGR through 2023, says GlobalData
Card payments in China have been on a sustained growth for the last few years. While the growth was somewhat affected by COVID-19 pandemic in 2020, it is forecasted to register a robust compound annual growth rate (CAGR) of 11% through 2023, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Cards […]
Tencent leads in M&A activity by volume in 2020, says GlobalData
Tencent is the leading player in merger and acquisition (M&A) activity in the tech, media and telecom (TMT) sector with nine deals (deal value greater than or equal to US$50m) worth US$6.6bn in 2020, says GlobalData, a leading data and analytics company. M&A activity declined during the first half of 2020, especially in Q2 with […]
COVID-19 PCR tests in China to reach peak market value of US$2bn in 2022, forecasts GlobalData
The COVID-19 polymerase chain reaction (PCR) tests market in China is forecasted to reach a peak market value of US$2bn in 2022 before demand for tests starts to recede as the COVID-19 cases are expected to move to a more seasonal infection cycle similar to the flu, says GlobalData, a leading data and analytics company. […]
COVID-19 accelerates e-commerce market growth in Japan, says GlobalData
Japan is one of the most developed e-commerce markets globally and ranks second in Asia, only behind China. The market has registered sustainable growth over the last five years supported by high mobile and online penetration and increasing consumer confidence in online transactions. The growth in the e-commerce has been further accelerated by the COVID-19 […]
Liability insurance industry in Asia-Pacific to reach US$33.4bn in 2023, says GlobalData
The liability insurance industry in the Asia-Pacific region is projected to grow from US$28.8bn in 2019 to US$33.4bn in 2023, in terms of written premiums, according to GlobalData, a leading data and analytics company. GlobalData’s insight report, ‘Global Liability Insurance Market to 2023 – Overview, Key Trends, Regulatory Developments and COVID-19 Impact Analysis’, reveals that […]
Thailand automotive production and domestic sales to revive in 2021, says GlobalData
Following the news that the Federation of Thai Industries (FTI) expects domestic car sales to decline by 5.3% in 2021, after a 21.4% slump in the previous year; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “Thailand automotive production output and domestic sales followed downward […]
Thailand’s general insurance market to reach US$9.4bn in 2024, says GlobalData
The general insurance gross written premium in Thailand is projected to grow from THB253.6bn (US$8bn) in 2019 to THB285.6bn (US$9.4bn) in 2024, according to GlobalData, a leading data and analytics company. GlobalData has revised Thailand’s general insurance forecast in the aftermath of COVID-19 outbreak. As per the latest data, Thailand’s general insurance business is forecasted […]
Novartis to gain firm foothold in South Korea with triple combination asthma therapy, says GlobalData
South Korea has become the third country in the Asia-Pacific region after Japan and Australia to approve the first ever triple combination therapy from Novartis for maintenance in patients with persistent asthma. This is likely to help the company gain a strong foothold in the South Korean asthma market, says GlobalData, a leading data and […]
Card payments growth in Australia declines in 2020 due to COVID-19, reveals GlobalData
The Australian payment card market, which has been on the rise for past few years, registered slowdown in 2020 due to COVID-19 with reduced consumer and commercial spending. However, with gradual recovery in economic activities and growing preference for contactless payments, card payments are expected to rise, according to GlobalData, a leading data and analytics […]
VC investments continue to defy expectations in Q4 2020 despite COVID-19 second wave, finds GlobalData
Despite the second wave of COVID-19 pandemic and slow economic recovery, global venture capital (VC) investments during the fourth quarter (Q4) of 2020 remained robust and were nearly at pre-COVID levels. Albeit, the number of VC deals witnessed a continuous decline for the seventh straight quarter, there was an increase in the number of megadeals […]