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The total mobile services revenue in the Philippines is set to increase at a compound annual growth rate (CAGR) of 6.2% from US$3.7bn in 2020 to US$5.0bn in 2025, mainly led by the considerable growth in mobile broadband service revenues, according to GlobalData, a leading data and analytics company. GlobalData’s Philippines Telecom Operators Country Intelligence […]
EESL investment in SWAG EV paves way for electric 2W with swappable batteries in India, says GlobalData
Following the news that India’s state-owned Energy Efficiency Services Limited (EESL) has announced to invest in Thailand-based e-mobility player SWAG EV; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “EESL’s investment in SWAG EV is expected to pave way for electric two-wheelers with swappable batteries […]
Shared mobility segment to stage strong comeback post COVID-19, says GlobalData
Following the news that Uber plans to launch services in more cities and expand its Auto and Moto offerings across existing markets in India; Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “Through the expansion of services and network, Uber is eyeing […]
Fixed broadband to drive fixed communication market growth over 2020-2025 in the Philippines, forecasts GlobalData
The fixed communications services market in the Philippines will remain fairly resilient against the COVID-19 crisis in 2020 and its revenue is poised increase at a compounded annual growth rate (CAGR) of 15.9% to reach US$6.0bn in 2025, mainly driven by the strong growth in fixed broadband segment, according to GlobalData, a leading data and […]
Alternative battery technologies crucial for sustainable transportation, says GlobalData
Electric vehicles, which are deemed to be decisive for sustainable transportation, are currently powered by rechargeable lithium-ion batteries that majorly rely on heavy metals like cobalt and nickel. These metals are not only difficult to mine but also their global reserves are depleting to meet the imminent boom in electric vehicles. Against the backdrop, developing […]
Commercial battery electric vehicles next battleground for OEMs in Asia, says GlobalData
Following the news that BYD Auto Industry and Hino Motors have signed a joint venture (JV) agreement to set up a new company for commercial battery electric vehicles (BEVs) development, Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The move is a major positive development […]
Thailand vehicle production to decline between 25-30% in 2020, forecasts GlobalData
Following the news that The Federation of Thai Industries (FTI) reported year-on-year decline of 38.76% in vehicle production over the past nine months; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Thailand, a key automotive production hub in Asia, is struggling hard to recover from […]
Masks most mentioned theme among influencer discussions around 3M on Twitter amid COVID-19, reveals GlobalData
Healthcare is one of the main segments of the 3M Company (3M), which stepped up the global output of its respirator mask production to two billion annually to meet the mounting demand for masks in fight against the COVID-19 pandemic. This led to a staggering 500% rise in influencer conversations on ‘masks’ in Twitter during […]
India’s role in global supply of COVID-19 drugs and vaccines remains crucial despite IPR waiver decision, says GlobalData
Following the news that the US and EU have blocked India’s fight for intellectual property rights (IPR) waiver for COVID-19 drugs; Prashant Khadayate, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “India is already at the center stage for the supply of repurposed COVID-19 drugs. Moreover, Indian vaccine players are […]
Mobile wallet transactions in India to exceed INR100 trillion in 2024, says GlobalData
Mobile wallet adoption is gradually displacing traditional payments such as cash and cards in India. This has become even more prevalent during the current COVID-19 crisis and as a result mobile wallet transaction is expected to surpass INR100 trillion (US$1.40 trillion) in 2024, according to GlobalData, a leading data and analytics company. An analysis of […]
Apple sees 100% surge in influencer conversations on Twitter over last six months, finds GlobalData
Even the COVID-19 pandemic could not put a pause on Apple events. On an average, Apple holds three to four events in a year and this year Apple has set a new standard with virtual events, which led to a 100% rise in Apple related influencer conversations on Twitter during April-September 2020 compared to the […]
Decline in revenue-passenger kilometer, high cash burn rate compel airlines to cut jobs, says GlobalData
Following the news that Cathay Pacific Airways is cutting over 5,000 jobs in Hong Kong and closing Cathay Dragon brand; Animesh Kumar, Director of Travel and Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “Cathay Pacific joins a growing list of airlines, which have been cutting jobs or plan to […]
General insurance business in Malaysia to contract by 2.2% in 2020 due to COVID-19, says GlobalData
The Malaysian general insurance industry is expected to contract by 2.2% in 2020, primarily due to weak consumer demand and suspension of economic activity due to the lockdown restrictions in the aftermath of COVID-19 pandemic, according to GlobalData, a leading data and analytics company. GlobalData has revised Malaysia’s general insurance forecast in the aftermath of […]
Easing of travel restrictions to provide much needed push to card payments in Thailand, says GlobalData
COVID-19 has had a profound effect on the Thailand tourism industry with reduced tourism spending. However, the gradual reopening of travel will provide the much-needed push to the country’s economy, which in turn will positively impact the country’s payment industry, says GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, card […]
Proposed changes in regulations for infrastructure investment trusts likely to open alternate source for Indian insurers, says GlobalData
The proposal to amend the regulations around the investments in infrastructure investment trusts (InvITs) is expected to open an alternate source of investments for Indian insurers and pension funds, according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, the total investment income of Indian insurers is expected to decline by […]
Telcos begin standalone 5G deployment to unlock true 5G potential, says GlobalData
All the current commercial 5G rollouts by telecom companies globally are based on non-standalone (NSA) architecture, which helped them with quick go-to-market to monetize 5G services. However, NSA technology has limitations to unlock 5G’s full potential to support the majority of industrial use cases. Against the backdrop, telcos are scaling their NSA 5G network with […]
Vaccine trials outside home market will help Chinese companies capture Asia and South and Central America markets, says GlobalData
Pharma companies across the globe are working to develop a vaccine against COVID-19, which has already infected more than 38 million globally. Against this backdrop, the Phase III trials conducted by Chinese companies in countries outside China will help Chinese vaccines capture market share in Asian and South and Central American countries, says GlobalData, a […]
Deployment of EV charging stations on highways and expressways will boost EV uptake in India, says GlobalData
Following the news that the Department of Heavy Industries (DHI) in India has invited an expression of interest (EOI) for the development of electric vehicle (EV) charging infrastructure on major highways and expressways; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Despite a wide EV portfolio […]
Card payments in Indonesia to slowdown in 2020 as consumer spending plummets, forecasts GlobalData
COVID-19 pandemic has hit the Indonesian payment market as consumers are staying away from non-essential purchases and as a result, card payments value will register a subdued growth of 1.7% in 2020, forecasts GlobalData, a leading data and analytics company. An analysis of GlobalData’s Payment Cards Analytics reveals that the market, however, is expected to […]
Remdesivir price curbing initiates in India make COVID-19 treatment more affordable, says GlobalData
Following the news that the Indian state of Maharashtra has fixed the price of remdesivir; Prashant Khadayate, Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “Maharashtra is the worst affected state of the COVID-19 outbreak in India. The state has reported more than 1.55 million confirmed cases and 41,196 deaths […]