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Despite a considerable drop in the overall investment activity due to the COVID-19 crisis, the Chinese start-up ecosystem remained relatively resilient, with start-ups focusing on frontier technologies (frontier-tech) such as autonomous driving, enterprise AI and space exploration managing to attract investor attention, says GlobalData, a leading data and analytics company. The pandemic has brought many […]
Microsoft’s plan to build regional datacenter will boost New Zealand’s digital economy, says GlobalData
Being one of the few countries to fight off the COVID-19 pandemic successfully, New Zealand remains an attractive market for datacenter investments in Asia-Pacific, and the recent announcement by Microsoft around its plans to build a regional datacenter underpins the country’s emerging digital potential, says GlobalData, a leading data and analytics company. By establishing its […]
Asia-Pacific deal activity rebounded during the week ended 17 May, finds GlobalData
A total of 330 deals were announced in the Asia-Pacific (APAC) region during the week ended 17 May 2020, which is an increase of 20.4% over the 274 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 […]
COVID-19 most mentioned topic among CEO discussions on Twitter during Q1 2020, says GlobalData
The coronavirus (COVID-19) pandemic is testing the leaders of companies and organizations with new set of challenges, generating some level of concern among business leaders with decline in revenues, expansion plans and investments. A similar trend has been observed on our CEO Influencer Platform where ‘COVID-19’ has emerged as the most discussed topic on Twitter […]
Ecosystem business models key to digital transformation, now more than ever, says GlobalData
Covid-19 has exposed the business models of companies, which are built on the competitive advantages of physical assets. Several traditional retailers in the US, for instance, have filed for bankruptcy due to the impact of the pandemic as consumers shift to online shopping. In the wake of such events, failure to embrace digital ecosystem models […]
India’s decision to allow drones for COVID-19 relief operations will pave way for use in commercial applications, says GlobalData
Unmanned aerial vehicles (UAVs) commonly known as drones are fast proving to be a necessary tool for frontline government agencies in fighting against the COVID-19 pandemic in India. The recent efforts by the Ministry of Civil Aviation (MoCA) to provide fast-track conditional exemptions to such agencies for drone operations opens up avenues for usage of […]
General insurance business in South Korea to stagnate in 2020 due to COVID-19, says GlobalData
South Korea’s general insurance industry is expected to stagnate in 2020, with growth declining to 0.7% in 2020, as compared to the 2.8% in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised the South Korea’s insurance forecast in the aftermath of the global coronavirus (COVID-19) outbreak. As per the latest […]
IHI takes step closer to cleaner electric air travel with world’s first air-cooling system for aircraft electronics, says GlobalData
Following the news that Tokyo-based IHI Corporation has successfully evaluated the testing of the world’s first air-cooling system for 100kW-class high power electronics onboard aircraft; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The system aims at optimization of an aircraft’s total energy management and […]
COVID-19 outbreak will drive digital payments in Hong Kong, says GlobalData
As shoppers and consumers across Hong Kong continue to adjust to social distancing measures due to health concerns amid coronavirus (COVID-19) outbreak, cash payments are set to decline and card payments will rise over the next four years, says GlobalData, a leading data and analytics company. GlobalData’s revised-forecasts for card transactions in Hong Kong predict […]
VC deal volume in APAC recovered in March 2020, but big ticket deals mostly non-existent, finds GlobalData
Venture capital (VC) investment activity in the Asia-Pacific (APAC) region showcased some signs of recovery during the end of COVID-19 hit first quarter (Q1) of 2020. However, big ticket deals remained mostly non-existent with low value deals (investment <=US$10m) continuing to account for the majority of the VC investment volume during the quarter, according to […]
Hike in FDI limit in defense manufacturing can bring dividends to other sectors not limited to aviation in India, says GlobalData
Following the news that India has raised foreign direct investment (FDI) in defense manufacturing through automatic route from 49% to 74%; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “According to GlobalData’s report, The Indian Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2025, […]
Optimum asset utilization crucial for shared mobility companies’ recovery in Southeast Asia, says GlobalData
Following the news that the overall revenues of Singapore-based tech giant Grab have been pulled down by its core ride-hailing segment as people continue to stay at home due to coronavirus (COVID-19) outbreak; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Southeast Asian countries have taken […]
Alternative reality ripe for enterprise adoption, says GlobalData
A growing number of enterprises, far away the gaming and entertainment sectors, are leveraging immersive technologies such as augmented reality (AR) and virtual reality (VR) to improve operational efficiency, lower costs and overcome skilled labor shortage, says GlobalData, a leading data analytics company. Venkata Naveen, Disruptive Tech Analyst at GlobalData, comments: “By combining the virtual […]
IPTV subscriptions to grow at 21.9% CAGR in New Zealand with increasing adoption of broadband services, says GlobalData
The total Internet Protocol television (IPTV) subscriptions in New Zealand is expected to grow at a robust compound annual growth rate (CAGR) of 21.9% from 165,900 in 2019 to 447,000 in 2024, driven by the improving broadband penetration in the country which supports delivery of IPTV service, according to GlobalData, a leading data and analytics […]
Foodservice profit sector in Philippines to be worth US$15.9bn in 2023, forecasts GlobalData
Robust GDP growth, high consumer confidence and rising urbanization are some of the major factors that are set to drive foodservice profit sector sales in the Philippines at a compound annual growth rate (CAGR) of 5.3% from PHP666.4bn (US$12.6bn) in 2018 to PHP861.8bn (US$15.9bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s […]
COVID-19 to further drive e-commerce payments in India, says GlobalData
The growth of Indian e-commerce market has been revised up, considering the positive push due to coronavirus (Covid-19) outbreak, according to estimates by GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that e-commerce market in India is set to grow at a compound annual growth rate (CAGR) of 19.6% […]
Medical Devices Bill to offer an improved regulatory framework for doing business in India, says GlobalData
India’s recent move to propose an improved regulatory framework under the new Medical Devices (Safety, Effectiveness, and Innovation) Bill will improve the ease of doing business by providing a sound environment for innovation and approval of medical devices in the country, says GlobalData, a leading data and analytics company. The Ministry of Health and Family […]
Voluntary vehicle scrappage policy unlikely to lure India’s customers in short-term, says GlobalData
Following the news that the Ministry of Road Transport & Highways (MoRTH) of India recently reassured that a formal vehicle scrappage policy for India is being worked upon; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Vehicle scrappage policy has been one of the key and […]
COVID-19 to accelerate change the way Indian IT services firms work, says GlobalData
Following the news that hiring by the top-five Indian IT services companies dropped by 28% in FY20; Swati Verma Lead Analyst – Thematic Research at GlobalData, a leading data and analytics company, offers her view: “Hiring by Indian IT services firms will continue to decline as COVID-19 forces them to change the way they operate. […]
Securing spectrum for 5G rollout amid COVID-19 pandemic is crucial in Asia-Pacific, says GlobalData
2020 was expected to be the year of 5G. With leading carriers across the Asia-Pacific region already launched the fifth generation technology in 2019, the rollout of 5G was ramping up and new 5G-ready devices were in the product pipelines of major manufacturers. However, like many other segments of the economy, the coronavirus (COVID-19) pandemic […]