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After a little over 100 days since the first confirmed case of COVID-19 reported on 28 February 2020, New Zealand has lifted almost all restrictions after reporting no active cases in the country. New Zealand’s aggressive approach to curb the spread of the virus has proven to be a very effective strategy as the country […]
Payment industry in Asia remains attractive for venture capital investors amid COVID-19, finds GlobalData
Consumers across the globe are embracing digital payments more than ever during the COVID-19 pandemic. Against this backdrop, payment industry in the Asia-Pacific (APAC) region remains attractive for venture financing (VF), according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Smart Money Investing in the Financial Services Industry Q1 2020’, reveals that […]
Generic remdesivir may put pricing pressure on Indian pharma companies, says GlobalData
Following the news that the Indian state of Maharashtra is planning to procure Gilead Sciences’ antiviral drug remdesivir from Bangladesh-based pharmaceutical giant Eskayef Pharmaceuticals; Anupama Mishra, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Maharashtra is the worst affected state of the COVID-19 outbreak in India. The state has reported […]
COVID-19 will further drive robotic process automation uptake amongst enterprises in APAC, says GlobalData
Amidst the growing concerns due to the COVID-19 pandemic, enterprises are compelled to operate with limited staff, provide undisrupted services to their clients and maintain current business operations as in a normal scenario. Against this backdrop, the adoption of robotic process automation (RPA) amongst enterprises in the Asia-Pacific (APAC) region is estimated to grow further, […]
Deal activity in Asia-Pacific soars 19.3% during week ended 7 June 2020, finds GlobalData
A total of 383 deals were announced in the Asia-Pacific (APAC) region during the week ended 7 June 2020, which is an increase of 19.3% over the 321 deals announced during the previous week, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the deal volume […]
Sapien 3 approval in China fuels growth for Edwards Lifesciences amid COVID-19 pandemic, says GlobalData
Following the news that Edwards Lifesciences has received Chinese regulatory approval for its SAPIEN 3 transcatheter heart valve for the treatment of patients suffering from severe, symptomatic aortic stenosis (AS) at high risk for or unable to undergo open-heart surgery; Ashley Young, Medical Device Analyst at GlobalData, a leading data and analytics company, offers her […]
APAC set to emerge as epicenter for artificial intelligence growth, says GlobalData
Supportive government framework and policies are expected to enable the Asia-Pacific (APAC) region to emerge as the global epicenter for the growth of artificial intelligence (AI), says GlobalData, a leading data and analytics company. Several countries across the region are focusing on leveraging AI, enhancing productivity and competitiveness. Though the key objectives of different government […]
COVID-19 and growing sentiments against Chinese products compel Changan Automobile to delay India entry, says GlobalData
Following the news that the India entry of Chinese SUV and electric vehicle maker Changan Automobile is delayed by a year due to COVID-19 outbreak; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The decision is not surprising as multiple reasons have played a role in […]
China to lead global automotive market recovery, says GlobalData
Following the news that major OEMs in China witnessed strong year-on-year growth in vehicle sales volume in May 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “China automotive market was the first to be hit by COVID-19 pandemic. As per China Association of Automobile Manufacturers […]
GlobalData reveals top 10 blockchain influencers on Twitter during Q1 2020
An analysis of GlobalData’s Blockchain Influencer Network 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 identified Ryan Selkis, founder and CEO at Messari, as the top influencer on blockchain topic during the first […]
COVID-19 pandemic to foster enterprise VPN adoption in India, says GlobalData
COVID-19 has changed the dynamics of the IT environment in India and has provided an evolutionary roadmap for the future digital workplace. The pandemic has brought forward the necessity of remote working, which has increased the demand for bandwidth requirement with minimal downtime through virtual private networks (VPN) and remote accessing capabilities for enterprises. With […]
Passenger vehicle sales in India to improve in June 2020, says GlobalData
Following the news that car sales in India declined by nearly 85% year-on-year in May 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “After April, which marked the darkest hour in the India automotive industry with record ‘zero’ sales, May witnessed slight resumption of both […]
COVID-19 exacerbates economic struggle of Australian cities, says GlobalData
The containment measures adopted to reduce the spread of COVID-19 pandemic has resulted in severe loss in output along with record job losses that is likely to push major cities across Australia into recession in 2020, foresees GlobalData, a leading data and analytics company. Australia’s two-way trade in goods and services, which accounts for more […]
Cloud-based offerings outshine traditional products amid current COVID-19 scenario in APAC, says GlobalData
The COVID-19 pandemic has accelerated the demand for digital technologies to ensure resilient enterprise business operations. Subsequently, a surge in demand across the Asia-Pacific (APAC) region has resulted in cloud-based offerings outshining traditional products, says GlobalData, a leading data and analytics company. Anshuma Singh, Technology Analyst at GlobalData, comments: “Key verticals like banking and financial, […]
Use of real-world data for medical device approval significantly reduces time to market in China, says GlobalData
The National Medical Products Administration (NMPA) of China has recently expanded the list of medical devices exempted from providing locally generated clinical trial data and allowed the use of real-world data for medical device registration. These steps will encourage foreign medical device manufacturers to access the Chinese market as the new process will reduce registration […]
Super Hercules would breathe new life into New Zealand Defence Force operations, says GlobalData
Following the news that the New Zealand confirmed the purchase of five Lockheed Martin C-130J-30 Super Hercules for its air force for NZ$1.521m (US$986m); Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The Defence Capability Plan of 2019 had estimated the replacement costs to be […]
Oil and gas conversations surge 100% on Twitter over last 90 days, finds GlobalData
The COVID-19 crisis has affected a wide range of businesses, but its impact on the oil and gas industry is particularly severe due to restrictions on travel as well as other broader economic activities, causing a heavy blow to the global oil demand. A similar trend is observed on GlobalData’s Oil & Gas Exploration Influencer […]
India’s vision care devices market to rebound in coming months, says GlobalData
Majority of the ophthalmic procedures performed in India are estimated to be delayed, postponed or canceled due to COVID-19, as they are considered to be elective. However, with the gradual easing of lockdown measures, the country’s vision care devices market is set to rebound in the coming months, says GlobalData, a leading data and analytics […]
Rise in e-commerce and contactless payments will support card payments growth in New Zealand, says GlobalData
Card payments in New Zealand will continue to rise at the expense of cash amid COVID-19 outbreak, though at a slower pace, says GlobalData, a leading data and analytics company. GlobalData’s revised-forecasts for New Zealand predict that card payments will increase at a compound annual growth rate (CAGR) of 1.8% from NZ$89.5bn (US$60.3bn) in 2019 […]
Big tech companies bet on digital platforms to successfully steer through COVID-19 crisis, says GlobalData
Despite the COVID-19 crisis, tech giants Facebook, Apple, Microsoft, Google and Amazon (FAMGA) have reported revenue growth in the first quarter (Q1) of 2020 even while small and medium enterprises struggled to navigate through the difficult times. Given that consumers would continue to spend more time online during the pandemic-induced lockdown in some form through […]