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As China and other markets across the Asia-Pacific (APAC) region continue to grapple with the COVID-19 pandemic, there is a visible difference in how consumer spending has changed over the course of the first half (H1) of 2020 due to the economical and psychological impacts of the virus. Against the backdrop, retailers need to instill […]
China’s military exercise around Paracel Islands will reinforce Vietnam’s naval focus, says GlobalData
Following the announcement that China will conduct military exercises in the Paracel Islands (Xisha Islands) from 1 July to 5 July; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “China’s claims and military exercises in the South China sea have been a point of contention […]
South Korea DAPA and Hanwha Defense’s anti-aircraft gun wheeled vehicle system contract will boost local supply chain, says GlobalData
Following the news that South Korean Defense Acquisition Program Administration (DAPA) and Hanwha Defense have signed a US$208m contract for the mass production of 30-mm anti-aircraft gun wheeled vehicle system (AAGW); Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “This project has been in the […]
COVID-19 to affect enterprise ICT spending in India, says GlobalData
With enterprises in India looking to contain costs, defer all capital expenditure on non-critical ICT spending and hold-off their long-term digital transformation initiatives until at least next year amid the COVID-19 pandemic scenario, the market for the information and communications technology (ICT) services – hardware, in particular, is set to fall in 2020, according to […]
China’s investment appetite for Indian tech startups grows stronger, says GlobalData
Despite escalated border tensions between China and India over the last few years, Chinese investors have increasingly invested in the Indian startup ecosystem with a focus on Internet technology businesses, says GlobalData, a leading data analytics company. Kiran Raj, Principal Disruptive Tech Analyst at GlobalData comments: “Chinese investors are highly motivated to invest in the […]
As APAC luxury markets sink by US$2.1bn, brands turn to affordable luxury, says GlobalData
Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a standstill during the first half (H1) of 2020. Against this back drop, brands are turning to […]
Malaysia’s enterprises need to recalibrate business models for ICT market recovery in post COVID-19 scenario, says GlobalData
Malaysia’s ICT spending for 2020 is expected to decline by 8.3% as opposed to the 8.2% growth expected before the COVID-19 outbreak. Against this backdrop, the enterprises in the country need to adopt new digital technologies and re-evaluate their business models to regain the lost ground in the post COVID-19 world, suggests GlobalData, a leading […]
South Korea approves foreign purchases but pushes local defense industry with US$21.27bn programs, says GlobalData
Following the news that South Korea has approved three defense projects on 26 June 2020; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “South Korea’s approval for the purchase of these systems shows not only the increased dependence on surveillance in modern warfare, but also […]
COVID-19 offers wealth managers with chance to reach out to new investors, says GlobalData
Millennials, and to a lesser extent Gen Xers, have been rushing into financial markets to capitalize on the steep increase in volatility as they adjust to COVID-19 disruptions. While there is a potential for steep losses, this also offers wealth managers the chance to reach out to new investors with targeted material to build a […]
Netflix sees 60% surge in discussions among influencers on Twitter over last 90 days, finds GlobalData
Netflix is one of the few fortunate companies, which has a service that is more meaningful to people who are forced to stay at home due to the COVID-19 pandemic. This was reflected on Twitter as well, where the influencer discussions related to ‘Netflix’ spiked more than 60% during March-May 2020, over the previous 90 […]
General insurance business in Taiwan expected to contract in 2020 due to COVID-19, says GlobalData
Taiwan’s general insurance industry is expected to contract by 1.7% in 2020 for the first time since the global financial crisis of 2008-2009, according to GlobalData, a leading data and analytics company. GlobalData has revised Taiwan’s insurance forecast in the aftermath of coronavirus (COVID-19) outbreak. As per the latest data, Taiwan’s general insurance market is […]
Enterprise ICT budget in India to take hit in 2020 due to COVID-19, says GlobalData
Most of the enterprises across industries in India are expected to see their proposed ICT budgets for 2020 decline in the aftermath of COVID-19 outbreak, according to the latest enterprise ICT decision makers’ survey 2020* from GlobalData, a leading data and analytics company. GlobalData’s, Enterprise ICT Investment Trends in India 2020 Report, reveals that about […]
COVID-19 crisis accelerates Indian real estate’s giant technology leap, says GlobalData
Real estate companies have started using advanced technologies like virtual tours, artificial intelligence-enabled customer engagement, digital bookings and online payments in order to draw customers and drive sales amidst the COVID-19 crisis, says GlobalData, a leading data and analytics company COVID-19 outbreak has had a significant impact on the real estate sector in India. The […]
Indonesia’s pay-TV service revenues set to decline at 3.9% CAGR over 2019-2024, forecasts GlobalData
Despite steady growth in the overall subscriptions, the total pay-TV service revenues in Indonesia will decline by a compound annual growth rate (CAGR) of 3.9% between 2019 and 2024, according to GlobalData, a leading data and analytics company. GlobalData’s Indonesia Telecom Operators Country Intelligence Report forecasts that decline in pay-TV revenues in Indonesia is primarily […]
Generic remdesivir approval will limit COVID-19 death rate in India post lockdown exit, says GlobalData
Following the news that domestic pharma giants Cipla and Hetero have received the Drugs Controller General of India’s (DGCI) approval to launch generic versions of remdesivir for COVID-19 treatment under the brand names Cipremi and Covifor respectively; Ms. Sasmitha Sahu, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “The approval […]
Dexamethasone could be another potential opportunity for Indian pharma companies, says GlobalData
Following the news that Indian drug firms cheer dexamethasone’s efficacy in severe COVID-19 patients;Nag Madhavi, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Dexamethasone, an anti-inflammatory corticosteroid, is used for the treatment of various diseases such as inflammatory diseases, certain autoimmune diseases, skin conditions, asthma, lung conditions, and allergic reactions. […]
Despite COVID-19, enterprises in China set to increase ICT budget on digital transformation, says GlobalData
Despite the negative impact of COVID-19, most enterprises in China are expected to increase their share of ICT spending on digital transformation in 2020, according to the latest ICT decision makers’ survey* from GlobalData, a leading data and analytics company. GlobalData’s Enterprise ICT Investment Trends in China 2020 Report highlights that the enterprises from China […]
FDI curbs, border conflict likely to add further roadblocks for growing Chinese influence in Indian start-up ecosystem, says GlobalData
Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years. However, the recently amended FDI rules and the straining relationship following the recent border conflict between both the countries are likely to add roadblocks for Chinese investments in Indian start-ups, according to GlobalData, […]
South Korea to see rise in card payments amid COVID-19 pandemic, says GlobalData
Electronic payments, in particular card payments, have been on a sustained growth curve for the last few years in South Korea, which is among the few countries globally that have been successful in combating the COVID-19 outbreak. With the government now easing lockdown restrictions, a rise in consumer and commercial spending is expected to further […]
Enterprise ICT budget in Australia to decline in 2020 due to COVID-19, says GlobalData
Majority of the enterprises in Australia are expected to see their proposed ICT budgets for the year 2020 decline following the COVID-19 outbreak, according to the latest enterprise ICT decision makers’ survey* from GlobalData, a leading data and analytics company. GlobalData’s Enterprise ICT Investment Trends in Australia 2020 Report reveals that about 33.3% of the […]