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The neurovascular thrombectomy devices market in the Asia-Pacific (APAC) region is expected to grow at a compound annual growth rate (CAGR) of about 6% between 2020 and 2025, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Neurovascular Thrombectomy Devices (Neurology Devices) – Global Market Analysis and Forecast Model (COVID-19 market impact)‘, reveals […]
Top Chinese airline companies show signs of recovery, says GlobalData
Similar to the Chinese tech stocks that are slowly on the rise despite growing allegations of breach of data privacy, the Chinese airline companies are seeing an improvement post the onset of COVID-19 pandemic, says GlobalData, a leading data and analytics company. The travel and tourism sector was one of the major sectors that suffered […]
Contactless top theme among influencer conversations in hospitality industry on Twitter amid COVID-19, reveals GlobalData
Contactless technology solutions are gaining traction in the hospitality industry, as they reduce the potential risk of contracting COVID-19 through physical touchpoints. Against this backdrop, ‘contactless’ has emerged as the top conversation theme among influencer discussions in the hospitality industry on Twitter during April-September 2020, reveals GlobalData, a leading data and analytics company. Prashant Saxena, […]
State-owned Indonesia Battery Holding to help build integrated electric vehicle industry in Indonesia, says GlobalData
Following the news that a group of state miners MIND ID and Aneka Tambang (ANTAM), state utility Perusahan Listrik Negara (PLN) and state oil company Pertamina have agreed to form a new venture — Indonesia Battery Holding; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The […]
South Korean aviation sector shows positive signs in Q2 but full recovery will take time, says GlobalData
The South Korean aviation sector, which had witnessed a sharp decline in the first quarter (Q1) due to COVID-19 pandemic, is showing signs of recovery with the country’s two major carriers Korean Air Lines (Korean Air) and Asiana Airlines reporting positive results in the second quarter (Q2) of 2020. However, a full recovery will take […]
Chinese enterprises continue to dominate GlobalData’s top 50 APAC companies by revenue in 2019-2020
China has emerged as the home to the most number of companies (24) in GlobalData’s list of top 50 Asia-Pacific (APAC) companies in terms of revenue during 2019-2020. In terms of the annual revenue too, Chinese firms accounted for the lion’s share of 55.3%, followed by Japan (30%), South Korea (6.5%), India (4%), Taiwan (3%) […]
Thailand’s position as key automotive production hub to further strengthen in next five years, says GlobalData
Automotive sector has long been a key pillar of the Thailand economy. Increasing domestic demand, attractive tax incentives by government and reduced import duties on auto parts are all set to boost investments in the sector and the country’s position as a key automotive production hub for leading automakers is set to strengthen over the […]
Deal activity in Asia-Pacific up by 3.9% in September 2020, reveals GlobalData
A total of 2,176 deals were announced in the Asia-Pacific (APAC) region during September 2020, an increase of 3.9% over the 2,094 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 the […]
Entry of leading OEMs conducive for growth of vehicle subscription segment in India, says GlobalData
Toyota Kirloskar Motor (TKM) has recently joined hands with Myles Automotive Technologies to expand vehicle subscription business for individuals in Delhi National Capital Region (NCR), Mumbai and Bengaluru. The entry of leading OEMs will create the much-needed thrust for higher vehicle subscription service uptake in India, says GlobalData, a leading data and analytics company. Animesh […]
Huya and DouYu merger will strengthen Tencent’s control over Chinese gaming market, says GlobalData
Following the news that game streaming platforms Huya and DouYu are merging, with Tencent taking control of the combined entity; Rupantar Guha, Thematic Research Analyst at GlobalData, a leading data and analytics company, offers his view: “The merger of Huya and DouYu will enhance Tencent’s dominance in the Chinese video games streaming market. The two […]
Indonesia should see COVID-19 pandemic as opportunity to strengthen medical devices sector, says GlobalData
Lack of adequate healthcare infrastructure and dependency on other countries for medical supplies made it difficult for Indonesia to tackle the COVID-19 pandemic effectively. The country should turn the crisis into an opportunity and create strategies to strengthen its medical device sector, according to GlobalData, a leading data and analytics company. Pratibha Thammanabhatla, Medical Devices […]
COVID-19 accelerates e-commerce growth in South Korea, says GlobalData
South Korea is one of the most developed e-commerce markets globally. The ongoing COVID-19 pandemic and the subsequent lockdown and social distancing measures undertaken by government have further accelerated e-commerce sales in the country, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that the country’s e-commerce market […]
Mobile data to drive mobile services revenue in Asia-Pacific at 4.9% CAGR through 2025, forecasts GlobalData
The total mobile services revenue in the Asia-Pacific (APAC) region will increase from US$307.4bn in 2020 to US$390.9bn in 2025 at a compounded annual growth rate (CAGR) of 4.9%, supported by steady growth in mobile subscriptions and increase in aggregate mobile services average revenue per user (ARPU), according to GlobalData, a leading data and analytics […]
Nintendo sees 3X surge in Twitter conversations during April-September 2020, finds GlobalData
As the COVID-19 pandemic forced millions of people to stay indoors, they started to find new ways to keep them entertained, which led to an increase in the demand for video games. Consequently, Nintendo saw a massive 300% surge in influencer conversations on Twitter between April and September 2020, according to GlobalData, a leading data […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]