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Following the news that German auto maker Volkswagen plans to exit diesel vehicle segment in India; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “OEMs are certainly not finding the diesel segment in India as lucrative as before. Market leader Maruti Suzuki and other players including […]
Three-fourths of wealth managers in Australia lowering costs to compete with robo-advisors, finds GlobalData
Robo-advisor services are no longer the reserve of the retail segment, as Australia’s rich are increasingly open to digital channels and spreading their fortunes across providers. As a result, more than three-fourths (76%) of Australia’s wealth managers are feeling the pinch and lowering costs to compete with robo-advisors, says GlobalData, a leading data and analytics […]
COVID-19 accelerates shift to digital payments in Singapore, says GlobalData
The COVID-19 pandemic has accelerated Singapore’s push to digital payments, with rise in card payments and decline in cash usage, according to GlobalData, a leading data and analytics company. GlobalData estimates total card transactions (POS and ATM) in Singapore to grow marginally by 0.4% in 2020, compared to 7.8% growth in 2019. While card payments […]
Indian motor insurance business to contract in 2020 due to COVID-19, says GlobalData
The Indian motor insurance business is expected to contract by 27.2% in 2020, a sharp decline from the 10.1% growth witnessed in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised India’s motor insurance forecast in the aftermath of the COVID-19 outbreak. As per the latest data, motor insurance business is […]
SD-WAN gaining momentum in Australia but enterprises need long-term network strategy, says GlobalData
Nearly 60% of enterprises already implemented SD-WAN in Australia As businesses accelerate the migration to the cloud, the underlying network will play an important role Software-defined Wide Area Network (SD-WAN) has taken off quicker in Australia than some other markets partly due to the migration of last-mile access to the National Broadband Network (NBN). However, […]
Delays in future model launches may impact Kia’s plant capacity utilization targets in India, says GlobalData
Following the news that Kia Motors expects delay in new model launches in India due to COVID-19 pandemic; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Launching a vehicle every six months is one of the key strategies of the South Korean automaker. Last year, the […]
Resurgence of COVID-19 cases forces GlobalData to revise down Japan’s GDP growth for 2020
COVID-19 cases have been increasing at a fast pace in Japan since the government started easing restrictions from the beginning of June, which may hinder the recovery of the country’s economy in the short-term. As a result, GlobalData, a leading data analytics company, has revised down the real GDP growth from -3.1% on 6 April […]
Regulations and geopolitics top themes for Japanese companies to reduce dependence on China, finds GlobalData
Regulations, China Impact and Geopolitics were the top themes in 2020 for Japanese companies to reduce dependency on China and secure resilient supply chains, according to GlobalData, a leading data and analytics company. Since April 2020, reportedly 87 companies were to relocate production out of China. Currently, most of the companies in the subsidy list […]
Japan–UK free trade agreement mutually beneficial, says GlobalData
With the completion of the final post-Brexit transitional period around the corner, the UK is scrambling to secure multiple trade deals before the end of 2020. The Japan–UK free trade agreement (FTA) holds significance in boosting investments and diversified supply chain mechanism for both the countries with market growth opportunities, says GlobalData, a leading data […]
GlobalData reveals top 10 wine influencers on Twitter in Q2 2020
An analysis of GlobalData’s Wine Influencer Platform, which tracks 800 leading industry experts and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, has identified Ken Alawine, a wine consultant, as the top influencer during the second quarter (Q2) of 2020 Ken Alawine, who actively […]
Investors likely to remain wary as Japan sees resurgence in new COVID-19 cases, says GlobalData
Japan, which once garnered positive headlines globally due to relatively lower rate of COVID-19 infections compared to other countries and seemed to have passed through the worst of the virus outbreak, is now on alert as the country is witnessing spike in new COVID-19 cases in recent weeks. This is likely to dampen investor sentiments. […]
COVID-19 to impact elective cardiovascular procedures in Australia, says GlobalData
The number of cardiovascular procedures performed in Australia is expected to go down in 2020 compared to 2019 due to the COVID-19. The pandemic will have a negative impact on the number of elective cardiovascular procedures performed with most of them being delayed, says GlobalData, a leading data and analytics company. According to GlobalData’s Medical […]
China’s ventilators market to grow at CAGR of 7.1% between 2019 and 2030, forecasts GlobalData
The ventilators market in China is expected to grow at a compound annual growth rate (CAGR) of 7.1% between 2019 and 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Ventilators (Anesthesia and Respiratory Devices) – Global Market Analysis and Forecast Model (COVID-19 market impact)’, reveals that in 2019 China holds […]
China’s auto industry shows signs of recovery after two-year slump, says GlobalData
Following the news that China auto sales are expected to rise year-on-year 15% in July 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The COVID-19 pandemic originated from China and naturally the country’s automobile industry suffered significantly in the first few months of 2020. The […]
Exiting China not easy for Japanese companies, says GlobalData
In the wake of the supply chain disruptions due to the ongoing COVID-19 pandemic, Japan has earmarked over US$2bn to encourage its companies under FY2020 Primary Supplementary Budget to move operations out of China and relocate production bases across a number of countries, including those of the Association of Southeast Asian Nations (ASEAN). However, completely […]
Growing need for personal mobility and strong rural demand boosting 2-wheeler sales in India, says GlobalData
Following the news that year-on-year two-wheeler sales decline in India narrowed in July 2020 as compared to previous month; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Most of the major two-wheeler manufacturers in India witnessed healthy wholesale volumes in July 2020. The top five OEMs […]
Australia’s travel insurance to contract by 7.7% in 2020, forecasts GlobalData
The Australian travel insurance business is expected to contract by 7.7% in 2020 due to COVID-19 pandemic, a sharp decline from the 46.3% growth witnessed in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised Australia’s travel insurance forecast in the aftermath of the COVID-19 outbreak. As per the latest data, […]
Remdesivir and favipiravir price regulation required to safeguard patients’ interest in India, says GlobalData
Regulatory bodies such as the National Pharmaceutical Pricing Authority (NPPA) and the Drug Controller General of India (DCGI) are keeping a close eye on remdesivir and favipiravir amid the COVID-19 pandemic to safeguard patients’ interest around pricing, says GlobalData, a leading data analytics and research company. The Indian Council of Medical Research (ICMR) has recently […]
5G continues to lead discussions on Twitter among telecom influencers during H1 2020, finds GlobalData
Several telecom service providers are making substantial progress towards the commercial deployment of the fifth generation (5G) mobile networks. Even during the COVID-19 pandemic, the demand and investments in 5G technology have not been affected due to its security, reliability and advance features that will change the future market. A 96% surge in influencer conversations […]
China dominates APAC VC funding landscape Q2 2020, reveals GlobalData
China continued to top the venture capital (VC) funding activity both in terms of volume as well as value and was way ahead of its peer countries in the Asia-Pacific (APAC) region during the second quarter (Q2) of 2020, according to GlobalData, a leading data and analytics company. VC funding activity in the APAC region […]