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Gig workers, the so-called genies of the COVID-19 influenced essential economy, have long been abandoned in the lending ecosystem due to their temporary, freelance jobs wanting steady paychecks. But ever since their numbers have significantly grown in the world’s largest economies, lenders are curious to expand their access to credit. Against the backdrop, artificial intelligence […]
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 […]
COVID-19 pulls down profits of top Singapore banks in Q2, says GlobalData
Although Singapore boasts a resilient financial system, top players of the country’s banking sector suffered a sharp decline in their quarterly profits, reflecting sentiments similar to the country’s quarterly GDP growth, says GlobalData, a leading data and analytics company. DBS Group Holdings (DBS), Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB), which are not […]
Increasing use in home care settings to drive pulse oximeters growth in India, says GlobalData
The necessity to monitor the blood oxygen levels of asymptomatic and mildly symptomatic COVID-19 patients undergoing home isolation and proactive use by the common public in home care-settings are driving the demand for pulse oximeters in India, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Pulse Oximeter Systems (Anesthesia and Respiratory Devices) – […]
FTA review between ASEAN and India can unlock potential for automotive sector, says GlobalData
Following the news that ASEAN countries have agreed to review the ASEAN India trade in Goods Agreement (AITIGA); Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “India’s trade deficit with the ASEAN countries increased to US$ 23.88bn in the FY2020. Key reasons stated behind the increasing […]
Communication and collaboration software revenue in Australia to grow 20% in 2020 amidst COVID-19 crisis, says GlobalData
While enterprise spending on most of the ICT solutions in Australia is set to decline in 2020 due to the COVID-19 crisis, communications and collaboration software market will buck the trend and register a Y-o-Y growth of 20%, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s revised market opportunity forecasts for […]
Cross-industry collaboration key to deliver new age fintech services to MSMEs in ASEAN, says GlobalData
Traditional banking institutions are unable to meet the financial needs of MSMEs across the Association of Southeast Asian Nations (ASEAN) as the market is fragmented. As a result, the market participants should collaborate across industries to help bridge this gap and deliver a new generation of financial and technology services, says GlobalData, a leading data […]
Jio Platforms’ success gives hope to struggling Indian IT vendors impacted by COVID-19, says GlobalData
Challenges faced by Indian IT vendors are in stark contrast to global counterparts Indian tech companies have traditionally been IT services giants Interest in Jio Platforms will augur well for other Indian tech companies Global technology companies have seen a rapid increase in their valuation over the past six months – with the most notable […]
Top five innovation trends driving China’s dairy sector: GlobalData
China’s dairy sector has witnessed growth from US$83bn in 2018 to US$87bn in 2019 and is forecast to grow at a compound annual growth rate (CAGR) of 6.1% between 2019 and 2024. As the sector continues to evolve, GlobalData, a leading data and analytics company, highlights the top five innovation trends that are set to […]
Vocus poised to become number-two network operator by 2021, predicts GlobalData
Vocus, at current momentum, could become the second largest network operator by 2021 The telco industry globally is facing headwinds and disruption from multiple fronts Vocus is regaining investor confidence through strong focus on enterprise segment and strategic partnerships Vocus is one of the telcos that have grown rapidly through merger and acquisitions (M&A) to […]
Post-COVID-19, floods may hinder China’s economic recovery, says GlobalData
Following the news that floods in China forced several small businesses to shut down and millions to migrate from their homes; Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “China’s GDP growth rate of 3.2% (YoY) in Q2 2020 may not sustain in the next quarter due […]
Card payments on rise in New Zealand amid COVID-19 crisis, says GlobalData
New Zealand is among the handful of countries that have been able to successfully contain the spread of COVID-19 with strict lockdown measures. With government easing lockdown restrictions and opening businesses, a rise in spending is expected which will drive card payments growth over the next five years, says GlobalData, a leading data and analytics […]
Ant Group’s dual IPO success may lure more Chinese companies for domestic filing, says GlobalData
Following the news that Ant Financial Services Group (Ant Group) plans to raise US$30bn through IPOs on Shanghai’s STAR Market and Hong Kong Stock Exchange; Swati Verma, Senior Analyst of Thematic Research at GlobalData, a leading data and analytics company, offers her view. “Fintech company Ant Group, which runs Ant Financial, will achieve the largest […]
GST reduction necessary for two-wheeler segment recovery in India, says GlobalData
Following the news that India’s Finance Minister agreed to consider the revision of Goods and Service Tax (GST) on two-wheelers and indicated that the matter will be taken up with the GST Council; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “In FY2020, two-wheeler sales volume […]
High-profile investors, e-commerce mentions prominently feature in Reliance’s filings, finds GlobalData
Jio Platforms Limited (Jio), a subsidiary of India-based Reliance Industries Ltd. (Reliance), has recently added two tech giants Facebook and Google to its roster of high-profile investors. Subsequently, the mentions of ‘investment’ in Reliance’s filings (filed in Q3 2020, and earnings released on 30 July 2020) have grown multifold as compared to Q2 2020 (ended […]
India’s proposed new agile pharma regulations will benefit innovator companies, says GlobalData
India is overhauling its pharma regulatory norms to expedite approval process and promote innovation. Given that the country is now focused more than ever on developing novel therapies and vaccines on account of the COVID-19 situation, the move will not only remove unnecessary procedural roadblocks but also foster innovation, says GlobalData, a leading data and […]
Australia’s motor insurance market to contract in 2020 due to COVID-19, says GlobalData
The Australian motor insurance market is forecast to contract by 4.4% in 2020 due to COVID-19, a sharp decline from 3.6% growth in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised its forecast for Australia motor insurance market in the aftermath of the COVID-19 outbreak. As per the latest data, […]
Market for graft versus host disease across five APAC markets to grow at 8.2% CAGR over next 10 years, says GlobalData
The market for graft versus host disease (GvHD) prophylaxis and treatment in the five growth markets (5GM*) in the Asia-Pacific (APAC) region will undergo steady growth at a compound annual growth rate (CAGR) of 8.2% from 2018 to 2028, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Graft Versus Host Disease […]
Beijing’s public companies lead revenue generation among APAC cities, finds GlobalData
Beijing has emerged as the top city in the Asia–Pacific (APAC) region in the 2019 revenue analysis of the top 10 cities by GDP, according to GlobalData, a leading data and analytics company. GlobalData analyzed 10 cities with the highest GDP in the APAC region, which are then ranked based on total revenue generated by […]