Sarath.Chandra@globaldata.com

Automotive

Rising domestic demand marks recovery of South Korea’s auto industry in September 2020, says GlobalData

Following the news that South Korea’s new vehicles sales in September 2020 increased by 3.4%, riding on domestic demand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “South Korea’s top five automakers Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. […]

Technology

India’s enterprise networking market to grow at 5.2% CAGR over next five years, says GlobalData

Following a temporary decline in 2020, the enterprise networking market in India will recover in 2021 and post a compound annual growth rate (CAGR) of 5.2% in its market value between 2019 and 2024, says GlobalData, a leading data and analytics company. GlobalData forecasts the enterprise networking market in India to drop from US$8.42bn in […]

Technology

Despite temporary decline, Japan’s enterprise servers market to stage quick recovery in 2021, forecasts GlobalData

Following a temporary decline in 2020, the enterprise servers market in Japan will stage a quick recovery in 2021 and maintain a steady compound annual growth rate (CAGR) of 2.3% in its market value between 2019 and 2024, says GlobalData, a leading data and analytics company. GlobalData forecasts the enterprise servers market in Japan to […]

Insurance

Motor insurance market in Asia-Pacific to surpass US$257bn in 2023, says GlobalData

The motor insurance market in the Asia-Pacific region is projected to grow from US$227.1bn in 2019 to US$257.8bn in 2023, in terms of written premiums, according to GlobalData, a leading data and analytics company. GlobalData’s insight report, ‘Global Motor Insurance Market 2020’, reveals that the motor insurance market in Asia-Pacific is expected to grow at […]

Automotive

With My MG Shield personalized car ownership program MG Motor India looks to differentiate from others, says GlobalData

Following the news that MG Motor India has introduced ‘My MG Shield’, the personalized car ownership program for its upcoming new premium Autonomous Level-1 SUV Gloster; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “The new personalized car ownership program, which offers flexible bundle of […]

Technology

Government investment to aid post-COVID-19 recovery of ICT market in Singapore, says GlobalData

In an attempt to revive the COVID-19 hit economy by creating new business and employment opportunities, Singapore has pledged to continue investing in innovation and technology. The move will help revive the growth of the information and communications technology (ICT) market in 2021 following a brief slowdown in 2020, says GlobalData, a leading data and […]

Medical Devices

Price cap extension on knee implants will drive growth in India, says GlobalData

To provide relief to patients undergoing orthopedic surgery requiring knee implants, the National Pharmaceutical Pricing Authority (NPPA) extended the timeline of price cap on these devices by one more year. The move is likely to drive the sale of knee implants in India, says GlobalData, a leading data and analytics company. GlobalData’s report Knee Reconstruction […]

Technology

BPO market in India to decline by 9% in 2020 due to COVID-19 disruptions, says GlobalData

The Indian business process outsourcing (BPO) market will witness 9% decline in value this year due to disruptions caused by COVID-19 related restrictions and the challenges faced by service providers in moving their operations to work-from-home environment, says GlobalData, a leading data and analytics company. GlobalData forecasts BPO services market size in India to drop […]

Technology

Managed mobility services market in Asia-Pacific to reach US$3.8bn in 2024, forecasts GlobalData

The need to access applications amidst the growing complexity of the connected devices’ ecosystem for improved business outcome in the current COVID-19 situation is expected to drive the managed mobility services market in the Asia-Pacific (APAC) region to US$3.8bn in 2024, says GlobalData, a leading data and analytics company. Sunil Kumar Verma, Lead ICT Analyst […]

Technology

Switch to OTT platforms to negatively affect pay-TV service revenues in Hong Kong in 2020, says GlobalData

Shift in viewership from traditional pay-TV services to OTT-based video streaming platforms seen during the COVID-19 led lockdown period will negatively impact pay-TV service revenues in Hong Kong during 2020, according to GlobalData, a leading data and analytics company. GlobalData’s Hong Kong Telecom Operators Country Intelligence Report reveals that the total pay-TV services revenue in […]

Technology

Hong Kong’s fixed services market revenue to decline by 1.7% CAGR over 2020-2025, forecasts GlobalData

The fixed communication services market revenue in Hong Kong will decline at a compound annual growth rate (CAGR) of 1.7% from US$1.9bn in 2020 to US$1.7bn in 2025, due to a steady decline in revenues from fixed voice and fixed broadband services, according to GlobalData, a leading data and analytics company. GlobalData’s Hong Kong Telecom […]

Technology

M2M/IoT and mobile Internet to drive highly saturated mobile market growth in Hong Kong, forecasts GlobalData

The highly saturated mobile services market in Hong Kong will see a further rise in mobile subscription penetration from 243.2% in 2020 to 267.1% by 2025-end, led by growing penetration of machine-to-machine (M2M)/Internet of things (IoT) services and rising mobile Internet subscriptions on the back of 5G network expansion, according to GlobalData, a leading data and […]

Influencer

Lyft sees over 60% surge in influencer discussions on Twitter in last six months, reveals GlobalData

At a time when ride-hailing services are seeing a huge plunge in demand as social distancing has become the new norm and several businesses turned to work-from-home due to COVID-19, transportation network company Lyft Inc saw more than 60% increase in influencer conversations on Twitter between March and August 2020 over the previous six months, […]

Automotive

Maruti Suzuki entry boosts vehicle subscription business model in India, says GlobalData

Following the news that Maruti Suzuki launched vehicle subscription service ‘Maruti Suzuki Subscribe’ for individuals in Delhi-NCR and Bengaluru; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The move, which comes after running pilots across multiple cities, is an extremely positive development for the growth of […]

Technology

Growing security risks to drive APAC managed security services revenue to US$17bn in 2024, forecasts GlobalData

Growing security risks and incidents of ransomware have been forcing enterprises across the Asia-Pacific (APAC) region to search for trusted and competent security services providers. Against this backdrop, managed security services (MSS) revenue in the region is estimated to reach US$17bn in 2024, according to GlobalData, a leading data and analytics company. Rohit Sharma, Senior […]

Technology

Infrastructure as a service revenue in Asia-Pacific to grow at 11.2% during 2019-2024, forecasts GlobalData

The Asia-Pacific (APAC) region continues to be a vibrant market for infrastructure as a service (IaaS) space, owing to the growing demand for the cloud infrastructure services among enterprises. As a result, the overall IaaS revenue in the APAC region is estimated to grow at a compound annual growth rate (CAGR) of 11.2% during 2019-2024 […]

Influencer

Bankruptcy emerged as top theme among influencer conversations on department store in Twitter, reveals GlobalData

The COVID-19 induced economic crisis has hit a wide range of sectors, including retail, with social distancing measures and shift in consumer behavior to go online led to the closure of several department stores. Against this backdrop, ‘bankruptcy’ emerged as the top theme among influencer conversations related to ‘department store’ in Twitter during March-August 2020, […]

Banking

Card payments continue to rise in Malaysia amid COVID-19, reveals GlobalData

Malaysia has traditionally been a cash-dominant society. However, the COVID-19 pandemic has accelerated Malaysia’s push towards electronic payments, with card payments at point of sale (POS) terminals continuing to rise, according to GlobalData, a leading data and analytics company. According to GlobalData estimates, card payments in Malaysia will grow by 4.3% to reach MYR214.4bn (US$52.4bn) […]

Consumer

COVID-19 to add extra US$1.6bn to milk sales in China in 2020, says GlobalData

Milk, the largest dairy category in China, is predicted to stand at US$26.9bn in 2020, US$1.6bn greater than the previously projected pre-COVID value. This translates to an increase on expected volumes from 9.6 billion kg to 10 billion kg in 2020 alone, primarily due to health concerns relating to COVID-19, according to GlobalData, a leading […]

Technology

Fixed broadband to drive fixed communication market growth over 2020-2025 in India, forecasts GlobalData

The total fixed communication services market in India will remain fairly resilient during the COVID-19 crisis in 2020 and the segment’s revenues are poised to grow at a compounded annual growth rate (CAGR) of 4.6% from US$6.1bn in 2020 to US$7.7bn in 2025, driven by growth in fixed broadband services segment, according to GlobalData, a […]

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Rising domestic demand marks recovery of South Korea’s auto industry in September 2020, says GlobalData

India’s enterprise networking market to grow at 5.2% CAGR over next five years, says GlobalData

Despite temporary decline, Japan’s enterprise servers market to stage quick recovery in 2021, forecasts GlobalData

Motor insurance market in Asia-Pacific to surpass US$257bn in 2023, says GlobalData

With My MG Shield personalized car ownership program MG Motor India looks to differentiate from others, says GlobalData

Government investment to aid post-COVID-19 recovery of ICT market in Singapore, says GlobalData

Price cap extension on knee implants will drive growth in India, says GlobalData

BPO market in India to decline by 9% in 2020 due to COVID-19 disruptions, says GlobalData

Managed mobility services market in Asia-Pacific to reach US$3.8bn in 2024, forecasts GlobalData

Switch to OTT platforms to negatively affect pay-TV service revenues in Hong Kong in 2020, says GlobalData

Hong Kong’s fixed services market revenue to decline by 1.7% CAGR over 2020-2025, forecasts GlobalData

M2M/IoT and mobile Internet to drive highly saturated mobile market growth in Hong Kong, forecasts GlobalData

Bankruptcy emerged as top theme among influencer conversations on department store in Twitter, reveals GlobalData

Card payments continue to rise in Malaysia amid COVID-19, reveals GlobalData

COVID-19 to add extra US$1.6bn to milk sales in China in 2020, says GlobalData

Fixed broadband to drive fixed communication market growth over 2020-2025 in India, forecasts GlobalData

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