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Singapore’s general insurance market is forecast to contract by 1.9% in 2020, compared to the 6.7% growth registered in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised Singapore’s general insurance forecast in the aftermath of COVID-19 outbreak. As per the latest data, Singapore’s general insurance business is forecasted to grow […]
South Korea mobile service revenue to register 4.2% CAGR over 2020-2025, forecasts GlobalData
Following a 1.4% decline in 2020 primarily due to the impact of the COVID-19 pandemic, the total mobile services revenue in South Korea will recover in 2021 and reach US$25.2bn in 2025. It is set to grow at a compound annual growth rate (CAGR) of 4.2% between 2020-2025, driven by the steady growth in both […]
Fixed voice to pulldown fixed services revenue in Singapore over next five years, forecasts GlobalData
The total fixed communications services revenue in Singapore is set to decline at a compounded annual growth rate (CAGR) of 1.0% during 2020-2025 to reach US$1.4bn in 2025, primarily due to steady drop in revenue contribution from fixed voice services segment, according to GlobalData, a leading data and analytics company. GlobalData’s Singapore Telecom Operators Country […]
Fixed broadband to drive fixed communication market growth in South Korea over next five years, forecasts GlobalData
The fixed communications services market in South Korea is expected to reach US$6.2bn in 2025, recording a compounded annual growth rate (CAGR) of 1.2% between 2020 and 2025, mainly driven by growth in fixed broadband segment, according to GlobalData, a leading data and analytics company. GlobalData’s South Korea Telecom Operators Country Intelligence Report forecasts that […]
Asia-Pacific life insurance market to reach US$1.5 trillion in 2023, forecasts GlobalData
The life insurance written premium in the Asia-Pacific region is projected to grow from US$1.2 trillion in 2019 to US$1.5 trillion in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s insight report, ‘Global Life Insurance Market to 2023’, reveals that life insurance in the Asia-Pacific region will grow at a compound annual […]
Indonesia vehicle sales in 2020 to remain far below Gaikindo’s revised sales projection, says GlobalData
Following the news that car sales in Indonesia rose by 9.9% month-on-month in November 2020; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Within the given scenario of troubled economic environment and high incidence of COVID-19 cases, the growth is a major positive for Indonesia. […]
Telemedicine market growth in India to aid in success of national digital health plans, says GlobalData
The COVID-19 pandemic and the subsequent lockdown measures have led to the widespread adoption of telemedicine in India. Against this backdrop, the growing market can expand as well as enhance healthcare access and aid in the success of the country’s national digital health plans, says GlobalData, a leading data and analytics company. India’s foray into […]
Policy standardization to provide impetus to cyberinsurance market in India, says GlobalData
The Insurance Regulatory and Development Authority of India’s (IRDAI) plan to standardize cyberinsurance product is expected to give impetus to its growth in the country, according to GlobalData, a leading data and analytics company. There has been a significant rise in cyberattacks and data security incidents since the outbreak of the COVID-19 pandemic. The IRDAI […]
COVID-19 fails to deter Ikea’s store opening plans in India, says GlobalData
Following the news that Ikea is all set to open its second large format retail store in Navi Mumbai, India on 18 December 2020; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “The COVID-19 pandemic did not deter Ikea from pursuing its large format offline retail expansion plans […]
China among top themes in travel and tourism sector as recovery beckons, reveals GlobalData
With lockdowns and shutdowns back across several countries to contain the possible second or third wave of COVID-19, China’s domestic travel rebound has fueled discussions in the travel and tourism (T&T) sector. As a result, mentions around ‘China’ and related keywords have risen by over 16% in 2020 (as on 10 December) earnings call transcripts […]
Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData
Hyundai Motor Group has agreed to acquire approximately 80% stake in American engineering and robotics design company Boston Dynamics from SoftBank Group. The move can fuel Hyundai’s long-term goal to become a smart mobility solutions provider by leveraging Boston Dynamics’ robots such as bipedal and quadruped equipped with 3D vision, navigation and advanced intelligence, says […]
Card payments to rise in New Zealand following lifting of lockdown restrictions, says GlobalData
New Zealand is among the few countries globally that have been successful in combating the COVID-19 outbreak. With the government lifting lockdown restrictions, a rise in consumer and commercial spending is expected, which will push card payments, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Cards Analytics reveals that […]
Established players in Japan’s immunology market dominate branded digital marketing space, finds GlobalData
The Japanese immunology market is highly competitive with many innovator products available for rheumatoid arthritis (RA), psoriasis (PsO), psoriatic arthritis (PsA), inflammatory bowel disease (IBD) comprising ulcerative colitis (UC) and Crohn’s disease (CD), and ankylosing spondylitis (AS) indications. Across these indications, the branded support available for initially approved therapies dominate the digital marketing space compared […]
Honda Motor shows 80% growth in influencer conversations on Twitter over last six months, reveals GlobalData
Honda Motor Co., Inc (Honda Motor) witnessed an 80% jump in influencer conversations on Twitter during June-November 2020 over the previous six months, according to GlobalData, a leading data and analytics company. Smitarani Tripathy, Influencer Analyst at GlobalData, comments: “In October, a dramatic conversation spike among influencers around Honda Motor was noticed when the company […]
COVID-19 expedites India’s focus on innovation within pharma, says GlobalData
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 […]
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 […]