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Sarath.Chandra@globaldata.com

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China as tourist destination will take long time to bounce back from Covid-19 as brand image must be restored, says GlobalData

Pre Covid-19, China was predicted a steady CAGR of 2% between 2016 and 2020  reaching 63.9 million international arrivals, according to GlobalData, a leading data and analytics company. The outbreak originated in China and quickly spread globally. The effects of this severely impacted China as a tourism destination as well as Chinese travelers. China-outbound tourism […]
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Digital offerings to be key revenue growth driver for leading IT vendors in Asia-Pacific, says GlobalData

The coronavirus (Covid-19) outbreak has underscored the importance of digital adoption amongst enterprises, reigniting concerns regarding business continuity, data security, collaboration and seamless customer experience. Against this backdrop, the demand for digital transformation presents IT vendors in Asia-Pacific with a substantial revenue growth opportunity in the medium to long-term, says GlobalData, a leading data and […]
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Indian IT services vendors proved their ability around business continuity planning amid Covid-19 outbreak, says GlobalData

Despite the several challenges presented by the coronavirus (Covid-19) outbreak, the Indian IT services vendors have ably demonstrated their ability around business continuity planning, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s IT Contracts Database, which tracks the publicly announced IT contracts, reveals the extent of challenges that the industry is […]
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Sustainability must be part of India’s Covid-19 recovery strategy, says GlobalData

Several companies across India are taking aggressive measures to cut down costs and protect their bottom lines in the wake of coronavirus (Covid-19) pandemic. However, if companies forget their social obligations there could be a significant backlash, because unlike other downturns, Covid-19 is predominantly a human tragedy, says GlobalData, a leading data and analytics company. […]
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Acquisition of UK’s iconic motorcycle brand Norton will strengthen TVS position in international markets, says GlobalData

Following the news that Indian two-wheeler manufacturer TVS Motor Company has acquired British motorbike brand Norton Motorcycles (UK) Ltd; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “The £16m (INR1.53bn) acquisition comes as a historic move from TVS as it is poised to strengthen the India-based […]
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Spike in domestic tourism expected in Australia, says GlobalData

Australia’s Minister for Trade’s warning that borders may stay closed until 2021 is expected to boost domestic tourism in the short term, says GlobalData, a leading data and analytics company. Rheanna Norris, Associate Analyst at GlobalData, comments: “Countries that are dependent on Australian tourism, such as Indonesia and New Zealand have already seen and will […]
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Decline in overseas demand forcing South Korea’s auto giants opt for ‘strategic’ production halts, says GlobalData

Following the news that South Korean vehicle manufacturer Kia Motors plans to shut three production units due to drop in overseas demand; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “South Korea was among the initial countries that were impacted by the coronavirus (Covid-19) outbreak. The […]
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Asia-Pacific region to be prime growth driver of global battery electric vehicles by 2030, says GlobalData

Despite the decline in passenger car sales across the globe owing to the coronavirus (Covid-19) outbreak, the Asia-Pacific (APAC) region is expected to lead the global battery electric vehicles (BEV) market over the next decade, says GlobalData, a leading data and analytics company. GlobalData’s Market Opportunity Forecasts Model estimates that despite the Covid-19 outbreak, the […]
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South Korea’s life insurance business to decline in 2020 due to Covid-19, says GlobalData

With South Korean life insurers coming under intense pressure due to stagnating sales amid challenging business environment and increasing claims due to coronavirus (Covid-19) outbreak, the country’s life insurance market is set to decline by 1.2% from KRW112.3 trillion (US$96.0 billion) in 2019 to KRW110.9 trillion (US$92.3 billion) in 2020, according to GlobalData, a leading […]
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