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Following the news that India’s leading online marketplace for selling used products, OLX, announced the launch of franchisee-led pre-owned car retail; Bakar Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “The entry of OLX in offline franchise-based retailing business with ‘OLX Autos’ is an extension of the company’s […]
Takeda’s hiring continues to decline following a 13.9% drop in Q1-Q2, finds GlobalData
Global pharmaceutical industry job postings see recovery in Q3 thus far, following a decline in Q2 2020 Takeda’s workforce size of 49,578 as of 31st March 2019, declined to 47,495 by end of March 2020 Takeda’s resources should be moved to areas that made Shire an appealing purchase Takeda Pharmaceutical’s (Takeda) hiring patterns show a […]
Despite ban on apps, Chinese tech stocks continue to yield impressive returns, reveals GlobalData
Ban on apps and technology companies notwithstanding amidst the rising data breach concerns, the Chinese technology sector continues to yield impressive returns with domestic support, finds GlobalData, a leading data and analytics company. The COVID-19 pandemic has disrupted the supply of critical raw materials, thus affecting the electronics value chain of the technology sector in […]
Mobile data to sustain growth in overall mobile services revenue in Myanmar over 2020-2025, forecasts GlobalData
The mobile services revenues in Myanmar are set to grow at a sluggish compound annual growth rate (CAGR) of 0.5% from US$2.1bn in 2020 to US$2.2bn in 2025, supported by growth in mobile data segment, according to GlobalData, a leading data and analytics company. GlobalData’s Myanmar Telecom Operators Country Intelligence Report highlights that mobile data […]
COVID-19 hit Thailand automotive industry needs government support, says GlobalData
Following the news that automotive sales in Thailand declined by 24.8% year-on-year in July 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Thailand, like most of the markets across the globe, witnessed a decline in the automotive sales during the COVID-19 pandemic. July 2020 domestic […]
Myanmar’s fixed communications services market revenue to grow at 7% CAGR over 2020-2025, forecasts GlobalData
The fixed communication services market in Myanmar will remain fairly resilient against COVID-19 crisis in 2020 and go on to register a compounded annual growth rate (CAGR) of 7% from US$144.7m in 2020 to US$203m in 2025, driven by growing revenues from the fixed voice and broadband services, according to GlobalData, a leading data and […]
Digital technologies to power the supply chain of the future, says GlobalData
The constraints created by the COVID-19 pandemic are forcing manufacturers, suppliers and distributors across the world to revisit their global supply chain strategies and accelerate the adoption of digital technologies, says GlobalData, a leading data analytics company. Manish Dixit, Principal Disruptive Tech Analyst at GlobalData, comments: “Increasing labor shortages, forced closure of factories, disruptions in […]
Enhanced collaboration with Amazon to strengthen Toyota’s presence in mobility services, says GlobalData
Following the news that Japan-based Toyota Motor has expanded its global collaboration with Amazon Web Services with an eye on future car technology; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The collaboration is a key move, which takes Toyota closer towards its aspiration of transitioning […]
Artificial intelligence accelerates drug repurposing to find potential COVID-19 therapies, says GlobalData
Out of all the different approaches available to find new therapies to treat COVID-19, drug repurposing is one of the fastest and safest methods, as the drugs are already being used to treat other conditions therefore leading to fewer chances of adverse reactions. In particular, artificial intelligence (AI) holds significant promise for biopharmaceutical companies to […]
Struggling Australian economy to hurt life insurance sector, says GlobalData
Australia’s GDP is expected to fall by 3.75% in 2020 and consumer spending has been hit by rising unemployment. As a result, the life insurance segment in the country is projected to be adversely impacted by the negative outlook of the country’s economy, according to GlobalData, a leading data and analytics company. GlobalData forecasts the […]
Retail loans in Singapore to decline in 2020 due to COVID-19, says GlobalData
Singapore’s retail loans market is estimated to decline in 2020 due to the negative impact of COVID-19 on the country’s economy, according to the latest estimates by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Global Retail Banking Analytics reveals that Singapore’s retail loans outstanding is expected to decline by 2.5% in […]
General insurance industry in Japan to contract in 2020 due to COVID-19, says GlobalData
Japan’s general insurance industry is expected to contract by 0.9% in 2020, compared to the 1.7% growth registered in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised Japan’s general insurance forecast in the aftermath of COVID-19 outbreak. As per the latest data, Japan’s general insurance business is forecasted to grow […]
Despite posting impressive revenue growth in 2019, tough road ahead for top 20 APAC tech companies, reveals GlobalData
Software sales and advertising revenue were instrumental for the top 20 Asia-Pacific (APAC) technology* companies reporting an average revenue of over US$40bn and an average revenue growth of 4% in 2019. However, the going may get tough for them in 2020 due to the ongoing volatile geo-political situation and COVID-19, says GlobalData, a leading data […]
Japan’s economy set for marginal recovery in H2 2020, after record dip in real GDP in Q2 2020, says GlobalData
Following the news that Japan’s economy has contracted by 7.8% in the April-June 2020 quarter, the sharpest economic slump on record in the country’s modern history; Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “The global pandemic has led most developed countries to revise down their real […]
E-commerce emerges as mainstream payment in Thailand amid COVID-19 crisis, finds GlobalData
E-commerce has been on a sustained growth for the last few years in Thailand. While Thailand is among the few countries globally that has been successful in combating COVID-19, the lockdown measures such as restricting the opening of businesses and retail stores have fast-tracked e-commerce growth, according to GlobalData, a leading data and analytics company. […]
COVID-19 to accelerate digital health adoption in South Korea, says GlobalData
South Korea is one of the few countries that has managed to contain the COVID-19 pandemic without imposing any serious restrictions on domestic and international mobility. This has been made possible with the use of technology for extensive testing, contact tracing and sharing essential information, according to GlobalData, a leading data and analytics company. GlobalData’s […]
GlobalData reveals top 10 travel and tourism influencers in Q2 2020
An analysis of GlobalData’s Travel and Tourism Influencer Platform, which tracks more than 200 leading industry experts and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, has revealed Jackie De Burca, Founder of travel community Travel Inspires, as the top influencer during the second […]
Deal activity in Asia-Pacific up by 23.2% in July, finds GlobalData
A total of 2,037 deals were announced in the Asia-Pacific (APAC) region during July 2020, which is an increase of 23.2% over the 1,653 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 […]
Data segment to drive mobile service revenues in Japan between 2019 and 2024, forecasts GlobalData
The mobile services revenue in Japan is set to grow at a compound annual growth rate (CAGR) of 6.8% from US$73.7bn in 2019 to US$95.4bn in 2024, primarily driven by the mobile data segment, according to the revised forecasts from GlobalData, a leading data and analytics company. GlobalData’s Japan Telecom Operators Country Intelligence Report highlights […]
Panic buying extends to life insurance amid COVID-19 fears in Australia, finds GlobalData
‘Panic’ buying extends to life insurance products in Australia as the number of Australians concerned about COVID-19 is on the rise again. However, trust in insurance providers remains low, says GlobalData, a leading data and analytics company. Data from GlobalData’s 2020 Global Wealth Managers Survey* shows that COVID-19 is driving demand for life insurance products […]