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Japan has already witnessed a significant downturn in the number of new daily COVID-19 cases since the national emergency was declared. However, the country is likely to see additional surges in the future, according to an infection trajectory forecast model by GlobalData, a leading data and analytics company. Kasey Fu, Director of Epidemiology at GlobalData, […]
Policy reforms and stimulus package crucial to bring India’s auto industry back on track, says GlobalData
Following the news that auto industry heads met Minister of Heavy Industries and Public Enterprise to seek urgent government help; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “Automotive industry is among the sectors excluded from the list of ‘essential services’ since the announcement of lockdown […]
Asia-Pacific continues to witness growth in deal activity for third consecutive week, finds GlobalData
A total of 385 deals were announced in the Asia-Pacific (APAC) region during the week ended 3 May 2020, which is an increase of 11.6% over 345 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 during […]
Despite cars rarely being used, UK motor insurance GWP to witness marginal increase in 2020, says GlobalData
Despite majority of the UK customers not using cars and therefore being unlikely to renew policies, there will be a very slight growth of 0.4% in gross written premium (GWP) to £19.54bn in 2020, according to GlobalData, a leading data and analytics company. Yasha Kuruvilla, Insurance Analyst at GlobalData, explains: “There will be a slight […]
Fixed broadband segment to drive Vietnam’s fixed service market revenue over next five years, says GlobalData
The total fixed services revenue in Vietnam is expected to grow at a compound annual growth rate (CAGR) of 0.9% from US$1.5bn in 2019 to US$1.6bn in 2024, supported by the steady rise in the adoption of fixed broadband services, according to GlobalData, a leading data and analytics company. GlobalData’s Vietnam Telecom Operators Country Intelligence […]
Computer vision helping enterprises to extract business value from images, says GlobalData
Computer vision, an artificial intelligence technology, is increasingly becoming omni-present today from visual search features on e-commerce websites that can make the shopping experience more personalized to guiding autonomous vehicles, says GlobalData, a leading data analytics company. Venkata Naveen, Disruptive Tech Analyst at GlobalData, comments: “Computer vision, with its ability to analyze and extract meaningful […]
China’s acquisitions and investments in foreign firms amid COVID-19 raise eyebrows, says GlobalData
Even as the COVID-19 pandemic continues to affect the global economies and businesses, Chinese companies have upped the ante to acquire or invest in distressed foreign assets in strategic locations. Against this backdrop, governments across several nations are now concerned about this move by China, according to GlobalData, a leading data and analytics company. Several […]
Success of new research projects crucial in containing community spread of COVID-19 in India, says Globaldata
The Department of Science and Technology – Science and Engineering Board (DST-SERB) has recently initiated several special research projects. These efforts could help contain community spread of the novel coronavirus (COVID-19) in India, says GlobalData, a leading data and analytics company. According to GlobalData COVID-19 dashboard, as of 05 May 2020, India has 46,437 confirmed cases […]
AI will become crucial to insurers following COVID-19, says GlobalData
Businesses will be forced to reconsider their spending priorities as a result of COVID-19 pandemic and insurers are expected to ramp up investment in artificial intelligence (AI), according to GlobalData, a leading data and analytics company. According to GlobalData’s 2019 Quarterly Tech Trends Survey, 67% of firms in the insurance industry are currently using AI. Although […]
China’s blockchain-backed recovery from COVID-19 could pave way to create efficient disease surveillance system, says GlobalData
Despite the COVID-19 outbreak, China managed to launch its national blockchain-based service network (BSN) in April 2020, as scheduled earlier, in an attempt to promote the mass adoption of blockchain and explore the opportunities that the digital economy can bring. China has been an early adopter of technologies to fight COVID-19 and will be closely observed […]
Pharma companies shine in gloomy APAC business environment during Q1 2020, says GlobalData
The COVID-19 outbreak is having a major impact on business enterprises worldwide, as they grapple with weak demand and brace up for recession. Against the backdrop, the total market capitalization (M Cap) of the top 50 companies in the Asia-Pacific (APAC) region witnessed a substantial decline during the first quarter (Q1) ended 31 March 2020. […]
India needs to step up healthcare spending to combat outbreaks such as COVID-19 in future, says GlobalData
With an unexpected spike in COVID-19 cases, India has extended the countrywide lockdown till 17 May 2020. The move reflects India’s dependency on lockdown to contain the pandemic amid poor healthcare spending and infrastructure, says GlobalData, a leading data and analytics company. According to GlobalData COVID-19 dashboard, as of 04 May 2020, although India has 42,505 […]
APAC pay-TV penetration to stagnate through 2024 due to cord-cutting in developed markets, says GlobalData
Healthy subscription growth across emerging markets will be offset by slower growth or decline in pay-TV subscriptions in developed markets, causing household pay-TV penetration in the entire Asia-Pacific (APAC) region to stagnate at 66% through 2019-2024, says GlobalData, a leading data and analytics company. Emerging APAC markets like Indonesia, the Philippines and Thailand with low […]
Calibrated financial support to bolster India’s preparedness in fight against COVID-19, says GlobalData
Following the news that India has approved nearly US$2bn* towards ‘India COVID-19 Emergency Response and Health System Preparedness Package’; Sasmitha Sahu, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “The move comes as no surprise as the COVID-19 situation has seen some unprecedented decisions taken swiftly by the Indian government. […]
COVID-19 impact will see UK investors move to safer retail deposits, says GlobalData
Retail investors in the UK will gravitate towards deposits and away from riskier high-yielding assets, according to leading analytics company, GlobalData. GlobalData’s report, ‘COVID-19 Sector Impact: Retail Savings & Investments – The UK’, reveals that equity balances are expected to fall by 18% in 2020 alone while retail deposit balances grow by 5%. While the […]
Samsung Health Monitor app may disrupt South Korea’s blood pressure monitors market, says GlobalData
Samsung Electronics has recently received Software as a Medical Device (SaMD) approval for its over-the-counter and cuffless blood pressure monitoring application ‘Samsung Health Monitor app’ from South Korea’s Ministry of Food and Drug Safety (MFDS). The app will allow users to check blood pressure using a smartwatch and has the potential to disrupt the country’s […]
M&A activity in Asia-Pacific remained inconsistent during Q1 2020, finds GlobalData
The mergers and acquisition (M&A) deal activity in the Asia-Pacific (APAC) region remained inconsistent during the first quarter (Q1) of 2020, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that the number of announced M&A deals decreased from 494 in February 2020 to 457 in March […]
Favipiravir exports during COVID-19 outbreak reaffirm India’s position as ‘pharmacy to the world’, says GlobalData
Following the news that India-based Strides Pharma has developed and commenced the export of generic favipiravir antiviral tablets to potentially treat COVID-19 infection; Sasmitha Sahu, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “This is an opportunity to reaffirm that India is indeed the ‘pharmacy to the world’. As the […]
Reduced appetite for credit and falling house prices will hit New Zealand mortgage market, says GlobalData
A reluctance to take on credit and buy houses, especially for first-time buyers, will negatively impact the New Zealand mortgage market in the short-term, according to GlobalData, a leading data and analytics company. Resham Karira, Retail Banking Analyst at GlobalData, says: “Banks are offering mortgage relief on payments for up to six months for customers […]
South Korea’s construction industry output expected to contract by 2.8% in 2020, says GlobalData
South Korea’s construction industry is expected to contract by 2.8% in 2020 as containment measures for COVID-19 and slower economic growth due to declining exports will adversely affect the industry, according to GlobalData, a leading data and analytics company. Dhananjay Sharma, Construction Analyst at GlobalData, comments: “Due to extensive testing and contact tracing measures, South […]