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Kids smartwatches is an emerging sub-segment of wearable technology in Asia-Pacific (APAC). Concerns regarding the safety of children in the wake of COVID-19 pandemic is the prime area of interest for the parents, especially the dual-career couples, and is expected to further drive the adoption of kids’ smartwatches in the region, says GlobalData, a leading […]
TikTok deal may not be lucrative enough for any potential US buyer, says GlobalData
Following the news that China-based multinational Internet technology company ByteDance dropped the sale of video-sharing app TikTok’s US operations to Microsoft and selected Oracle as technology partner to avoid a possible US ban; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “ByteDance, which is valued at about US$100bn […]
COVID-19 redefined enterprise networking spending of enterprises across Asia-Pacific, says GlobalData
The outbreak of COVID-19 pandemic continues to persist, as a result of which enterprises are now focussing on remote accessibility and connectivity features for business continuity. Driven by these factors, the enterprise networking spending in Asia-Pacific is expected to grow at a compound annual growth rate (CAGR) of 3.6% between 2019 and 2024 to reach […]
Application management revenue in Asia-Pacific to reach US$21.5bn in 2024, says GlobalData
An increasing number of enterprises are adopting innovative strategies such as digital sales, marketing and services tools to have a differential competitive advantage. These efforts are expected to result in the increased demand for services related to enterprise applications. Against this backdrop, application management revenue across Asia-Pacific (APAC) is estimated to reach US$21.5bn in 2024, […]
COVID-19 features to further drive smartwatches uptake in APAC, says GlobalData
The outbreak of COVID-19 pandemic has led to reduced consumer spending in consumer electronics devices, resulting in the low adoption of smartwatches in 2020. However, the addition of advanced features such as social distancing warning alarm, body temperature monitoring, oxygen saturation (SpO2) monitoring and handwashing timer is bound to drive smartwatch adoption in the Asia-Pacific […]
Operational efficiency and cost reduction key to robotic process automation adoption by enterprises across APAC, says GlobalData
Enterprises globally are striving to identify and adopt processes to accelerate operational productivity, reduce operating expenses and enhance efficiency with an end-objective of becoming human-independent. Performing repetitive tasks with minimal human interference and high efficacy rates will be the prime factors for the adoption of robotic process automation (RPA) amongst enterprises across the Asia-Pacific (APAC) […]
Key players in IBD space engage effectively with Japanese patients through well-established digital strategy, says GlobalData
In Japan, the treatment landscape for inflammatory bowel disease (IBD), comprising Crohn’s disease (CD) and ulcerative colitis (UC), is mature and encompassing many conventional therapies as well as novel therapies including biologics and a small molecule. With the increasing competition from biosimilars and the late-stage pipeline drugs, key players with novel therapies are offering comprehensive […]
ByteDance sees 2X surge in influencer conversations on Twitter over last three months, finds GlobalData
ByteDance, the parent company of TikTok, has been at the center of fierce debate on rising speculation to ban TikTok in the US due to potential national security issues. India has already banned this short-video app citing data security threats. Against this back drop, a sharp rise in conversations around ByteDance is being noticed among […]
Deal activity in Asia-Pacific up by 2.8% in August, finds GlobalData
A total of 2,094 deals were announced in the Asia-Pacific (APAC) region during August 2020, which is an increase of 2.8% over 2,037 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 above […]
Charging kiosks deployment at fuel stations will boost electric vehicles uptake in India, says GlobalData
Following the news that the government plans to install electric vehicle (EV) charging kiosks at around 69,000 petrol pumps across India; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading data and analytics company, offers his view: “The move is expected to boost the uptake of EVs in India. Key factors for large-scale adoption […]
General insurance business in India to contract by 9% in 2020 due to COVID-19, says GlobalData
General insurance business in India is expected to contract by 9% in 2020 due to COVID-19, a sharp decline from the 10% growth witnessed in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised India’s insurance forecast in the aftermath of COVID-19 outbreak. As per the latest data, India’s general insurance […]
E-pharma set to revolutionize drug market access in India as COVID-19 drives e-commerce growth, says GlobalData
The COVID-19 induced lockdown resulted in an unprecedented rise in e-commerce transactions across India. In line with this, e-pharma sector also witnessed growth despite regulatory challenges. Against this backdrop, e-pharma space is all set to revolutionize drug market access in the country, says GlobalData, a leading data and analytics company. Anupama Mishra, Pharma Analyst at […]
COVID-19 accelerates e-commerce growth in Malaysia, says GlobalData
The COVID-19 pandemic has disrupted consumer payment space in Malaysia as consumers are gradually switching from offline to online purchases. The closure of physical stores due to lockdown and social distancing measures led consumers to ramp up online shopping, which in turn accelerated the e-commerce market growth in Malaysia, according to GlobalData, a leading data […]
With indigenous hypersonic vehicle, India inches closer to become aerospace hub, says GlobalData
Following the announcement by India’s Defence Research and Development Organisation (DRDO) on the successful flight test of its Hypersonic Technology Demonstrator Vehicle (HSTDV); Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “India’s leap into advanced missile technologies has been a long road, with many varied […]
Temporary tax relaxation can drive vehicle sales in Indonesia, says GlobalData
Following the news that the Association of Indonesian Automotive Industries (GAIKINDO) asked the government to temporarily exempt all tax collections related to cars; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Considering the decline in vehicle sales in 2019 as well as YTD 2020, the demand […]
India’s ban on PUBG Mobile will be trouble for Tencent but opportunity for Sea and Activision Blizzard, says GlobalData
Following the news that India has banned 38 Chinese mobile games, including the massively popular PUBG Mobile game; Rupantar Guha, Associate Project Manager for Thematic Research at GlobalData, a leading data and analytics company, offers his view: “The ban of PUBG Mobile is a significant blow to the Chinese gaming companies. Tencent, the publisher of […]
China’s enterprise mobility market revenue to register 6.7% CAGR over 2019-2024, says GlobalData
As an immediate impact of the COVID-19 crisis on enterprise ICT spending in the country, enterprise mobility revenue in China will drop from US$3bn in 2019 to US$2.8bn in 2020 but will maintain a compound annual growth rate (CAGR) of 6.7% between 2019 and 2024, driven by a steady rise in the enterprise adoption of […]
Softbank’s investment pushes edtech start-up Unacademy into unicorn league in India, says GlobalData
On the back of US$150m fundraising lead by Japan’s Softbank, Bengaluru-based edtech start-up Unacademy became the latest player to join the league of unicorns in India, according to GlobalData, a leading data and analytics company. The funding round, which was announced on 2 September 2020, has put the valuation of Unacademy at US$1.5bn, a three-fold […]
India’s GDP contraction continue to persist another quarter though at slower pace, forecasts GlobalData
Following the news that Indian economy has nosedived by 23.9% YoY in the April-June 2020 quarter, the acutest historical decline; Kausani Basak, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view on the dip: “India imposed one of the strictest lockdowns in the world which in turn has led to […]
Alternative payments emerge as mainstream amid COVID-19 in India, says GlobalData
Alternative payments have gained significant prominence among the online shoppers in India with mobile and digital wallets gradually displacing traditional payments such as cash and cards amid COVID-19, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Payments Analytics reveals that the Indian e-commerce market is estimated at be valued […]