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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. […]
Mobile subscriptions in Philippines to witness moderate growth in 2020, says GlobalData
The highly saturated mobile telecom market in the Philippines is forecast to witness moderate growth in the percentage of mobile subscriptions in 2020 due to the coronavirus (COVID-19) outbreak, according to GlobalData, a leading data and analytics company. Hrushikesh Mahananda, Senior Analyst of Telecoms Market Data and Intelligence at GlobalData, says: “The percentage of […]
Post-COVID used car market expected to witness high growth in Southeast Asia, says GlobalData
Following the news that the sales of used cars are witnessing growth during conditional movement control order (CMCO) in Malaysia; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Malaysia does not have a robust public transportation infrastructure and a large number of people rely on personal […]
Severe COVID-19 impact could see long-term consolidation of Australian banking market, says GlobalData
The quarterly profits of the Australian banks will be significantly down and an enduring squeeze on smaller players could result in the long-term consolidation of the market, according to GlobalData, a leading data and analytics company. Resham Karira, Retail Banking Analyst at GlobalData, comments: “Government support, particularly the cheap funding, will help, but it can […]
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 […]
Foodservice profit sector in Singapore forecast to reach US$13.4bn by 2023, says GlobalData
Singapore’s foodservice sector is set to grow at a compound annual growth rate (CAGR) of 4.1% from SGD13.6bn in 2018 to SGD16.6bn in 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Singapore – The Future of Foodservice to 2023’, reveals that quick service restaurant (QSR) was by far the largest foodservice profit […]
New Zealand’s foodservice profit sector to be worth US$9.3bn in 2023, forecasts GlobalData
New Zealand’s foodservice profit sector is poised to grow at a compound annual growth rate (CAGR) of 1.1% from NZ$11.4bn (US$8.4bn) in 2018 to NZ$12.1bn (US$9.3bn) in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘New Zealand – The Future of Foodservice to 2023’, reveals that full service restaurant (FSR) was […]
Asia-Pacific witnessed decline in deal activity during week ended 10 May, finds GlobalData
A total of 274 deals were announced in the Asia-Pacific (APAC) region during the week ended 10 May 2020, which is a decrease of 28.8% over 385 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 […]