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Following the news that the auto industry in India declined by 75% year-on-year in the first quarter of FY 2020-2021; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “The Indian automotive industry has been hit hard by the COVID-19 pandemic. Zero sales in April, limited resumption […]
India’s move to ease lockdown restrictions drives card payments, says GlobalData
Card payments in India are gradually recovering on the backdrop of increase in consumer spending as the country has now entered unlock phase, says GlobalData, a leading data and analytics company. According to GlobalData revised forecasts, the value of card payments in India is estimated to grow by 8.4% in 2020. The value is expected […]
ICT spending in South Korea to drop by 5.4% in 2020, owing to COVID-19 pandemic, says GlobalData
With the COVID-19 pandemic having engulfed almost the entire globe, South Korea too is estimated to witness a 5.4% decline in the overall ICT spending in 2020, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Market Opportunity Forecasts Model reveals that ICT spending in South Korea is estimated to register […]
Hematology testing can be potential diagnostic biomarker in predicting severity of COVID-19 in India, says GlobalData
With the rapid increase in the number of COVID-19 cases across India, identifying the critically ill COVID-19 patients in the early stage of infection can help in assessing the risk stratification and clinical management. Critically ill patients will show a progressive decrease in peripheral blood lymphocytes and this could be a predictive marker in identifying […]
GlobalData reveals top trending themes among influencer discussions on cards and payments in Q2 2020
There was a 60% quarter-over-quarter (QoQ) surge in influencer discussions on Cards and Payments during the first half (H1) of 2020 as social distancing and lockdown measures due to COVID-19 pandemic has accelerated the use of digital financial services and contactless payments, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s […]
Mobility, cloud technologies present opportunities for vendors in Indonesia’s ICT market in 2020, says GlobalData
At a time when Indonesia’s ICT spending for 2020 is expected to decline by 7.1% as opposed to the 7.5% growth expected before the COVID-19 outbreak, mobility and cloud technologies are set to present opportunities for vendors, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Market Opportunity Forecasts Model reveals that […]
Malaysia’s mobile services revenue to stagnate over next four years courtesy COVID-19, forecasts GlobalData
The mobile services revenue in Malaysia is poised to grow at a sluggish compound annual growth rate (CAGR) of 0.1% during 2019-2024, from US$5.1bn in 2019 to US$5.4bn in 2024, after registering a major drop in the market revenues in 2020 due to the COVID-19 outbreak, according to GlobalData, a leading data and analytics company. […]
Developing disposable components for flexible video colonoscopes important in light of COVID-19 pandemic, says GlobalData
Flexible video colonoscopes have replaced non-video colonoscopes to a large extent in India. Currently, manufacturers are focused on developing disposable components for flexible video colonoscopes to prevent cross-contamination. This is important in light of the current COVID-19 pandemic where infection control is paramount, says GlobalData, a leading data and analytics company. According to GlobalData’s Medical […]
Malaysia’s fixed communications services market revenue set to increase at 3.9% CAGR over 2019-2024, forecasts GlobalData
Following a marginal decrease in 2020 mainly as a knee-jerk reaction to the COVID-19 crisis, the total fixed communications services revenue in Malaysia is forecast to grow at a compounded annual growth rate (CAGR) of 3.9% from US$2.2bn in 2019 to US$2.6bn in 2024, driven by growing revenues from the fixed broadband services segment, according […]
Fixed communications services revenue in Australia to witness growth over next four years despite COVID-19 impact, forecasts GlobalData
The total fixed communications services revenue in Australia is expected to increase at a compounded annual growth rate (CAGR) of 1.3% from US$9.5bn in 2019 to US$10.1bn in 2024, driven by the growth in revenues from the fixed broadband segment, according to GlobalData, a leading data and analytics company. GlobalData’s Australia Telecom Operators Country Intelligence […]
Davis Polk & Wardwell and AZB & Partners top legal advisers in Asia-Pacific during H1 2020, reveals GlobalData
Davis Polk & Wardwell and AZB & Partners have topped the mergers and acquisitions (M&A) legal advisers league table in the Asia-Pacific (APAC) region during the first half (H1) of 2020, based on deal value and volume, respectively, according to GlobalData, a leading data and analytics company. Davis Polk & Wardwell advised on 20 deals […]
Digital sales offer long-term opportunity to automotive aftermarket in Indonesia, says GlobalData
Following the news that auto part suppliers in Indonesia are turning to online platforms to weather the COVID-19 crisis; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “Indonesia currently leads Southeast Asia in terms of the number COVID-19 cases and the country continues to practise large-scale […]
Walt Disney sees 3X surge in influencer conversations on Twitter over last four months, finds GlobalData
COVID-19 forced several companies to temporarily shut down, and ‘The Walt Disney’ was among them to shut down the gates of Disney theme parks across the world for the safety and well-being of guests and employees. A similar trend was noticed on Twitter, where influencer conversations on ‘The Walt Disney’ spiked more than 300% during […]
Cipla continues to expand focus on therapy areas of promising growth through deals, says GlobalData
India-based Cipla has recently entered into a partnership with Boehringer Ingelheim (BI) India Pvt. Ltd. to co-market three new oral anti-diabetics drugs in India, mainly sodium glucose co-transporter-2 (SGLT2) inhibitor Oboravo (empagliflozin), and related combination therapies – Oboravo Met (empagliflozin + metformin) and Tiptengio (empagliflozin + linagliptin). With this, along with recent agreements in the […]
COVID-19 will accelerate pay-TV services revenue decline in Australia, forecasts GlobalData
The total pay-TV services revenue in Australia is set to decline at a compound annual growth rate (CAGR) of 3.2% from US$2.6bn in 2019 to US$2.2bn in 2024 due to the declining cable and direct-to-Home (DTH) TV subscriptions and falling pay-TV average revenue per user (ARPU), according to GlobalData, a leading data and analytics company. […]
Morgan Stanley and EY top financial advisers in Asia-Pacific during H1 2020, finds GlobalData
Morgan Stanley and Ernst & Young (EY) have emerged as the top mergers and acquisitions (M&A) financial advisers in the Asia-Pacific region during the first half (H1) of 2020, based on deal value and volume, respectively, according to GlobalData, a leading data and analytics company. Morgan Stanley advised on 24 deals worth US$25.3bn, which was […]
Takeda continues post-Shire selloff to the benefit of Korean biopharma Celltrion, says GlobalData
South Korea-based bio/pharma company Celltrion has recently agreed to acquire a portfolio of 18 prescription pharmaceutical products and over-the-counter medicines across the Asia-Pacific (APAC) region for US$278.3m from Japan-based drug giant Takeda. This acquisition by Celltrion is part of Takeda’s massive divestment program to help release it from its crippling debt from its recent US$62bn […]
COVID-19 accelerates shift to digital payments in APAC region, says GlobalData
COVID-19 has fast-tracked the transition to digital payments across the Asia-Pacific (APAC) region as consumers opt for the comfort and safety of digital channels rather than expose themselves to disease vectors such as cash, according to GlobalData, a leading data and analytics company. Consumers globally and in Asia are increasingly going digital and are embracing […]
Japan to become part of India’s future achievements in medical devices sector, says GlobalData
India is actively seeking foreign investments in the field of medical devices as it intends to shift focus towards domestic manufacturing amidst the COVID-19 crisis. India recently invited Japan to invest in its medical device industry and this is expected to help the country achieve its aim of building an international standard medical device industry, […]
Despite COVID-19, mobile service revenue in Australia to register 3.7% CAGR over 2019-2024, forecasts GlobalData
Despite a decline in 2020 due COVID-19 pandemic, the mobile services revenue in Australia will increase at a compound annual growth rate (CAGR) of 3.7% from US$9.7bn in 2019 to US$11.6bn by 2024, driven by steady rise in mobile Internet subscriptions, increase in mobile data consumption, and growth in mobile data average revenue per subscriber (ARPS), according […]