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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 […]
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 […]
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 […]
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. […]
Machine vision key for Industry 4.0 growth in Asia-Pacific, says GlobalData
The outbreak of coronavirus (Covid-19) could prove to be an important catalyst in the adoption of Industry 4.0 initiatives and machine vision in the Asia-Pacific region, as manufacturers strive to resume production. With Asia being the world’s hub of manufacturing, machine vision will see a strong growth in the region over the next five years, […]
Japan to lose around US$6bn amidst financial crisis impacting Asian sports market, says GlobalData’s Sportcal
A sum of around US$30bn has already reportedly been spent on preparing to host the Olympics. Current estimates place the potential losses for Japan as a whole somewhere around US$6bn, following its postponement in the wake of coronavirus (covid-19) outbreak, says Sportcal, a company of GlobalData, a leading data and analytics company. Contributing to this […]
Facebook and Jio deal win-win situation for both, says GlobalData
Following the announcement of Facebook’s US$5.7bn investment for 9.99% stake in India-based Jio Platforms Limited (JPL) on 22 April 2019; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view on the deal: “The deal, which is India’s largest foreign direct investment for a minority stake, came at a time […]
Government aid is required to sail Indian telcos from AGR storm, says GlobalData
The telecom sector in India, which is already reeling under a debt of around US$54.46bn, has come under more pressure due to the recent Supreme Court ruling on adjusted gross revenue (AGR) dues, says GlobalData, a leading data and analytics company. Since 2005, there has been an ongoing dispute between the Department of Telecommunications (DoT) […]
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 […]
Hong Kong life insurance business to slowdown in 2020 due to Covid-19, says GlobalData
Hong Kong’s life insurance industry is expected to slow down, with an expected annual growth of 3.9% in 2020 as compared to the 6.6% in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised the country’s insurance data in the aftermath of the global Covid-19 outbreak. Hong Kong’s life insurance market […]
Cash payments set to decline further in New Zealand over next four years, says GlobalData
Cash payments in New Zealand are set to witness decline over the next four years due to the growing concerns arising from the coronavirus (Covid-19) pandemic, says GlobalData, a leading data and analytics company. GlobalData’s revised-forecasts for card transactions in New Zealand predict that the number of ATM cash withdrawals will decline by a compound […]
Digital contact tracing helping Asian countries to flatten Covid-19 curve, says GlobalData
As the world struggles with the coronavirus (Covid-19) outbreak, Asian countries are galvanizing every digital tool at their disposal to curb the spread and better manage the evolving pandemic. Using digital contact tracing, governments have begun a massive exercise of tracking people’s movement via their smartphones and identifying all those who may have come in […]
Asia-Pacific deal activity shows signs of revival during the week ended 19 April 2020, says GlobalData
The number of deals announced in the Asia-Pacific region increased by 5.4% during the week ended 19 April 2020 compared to the previous week, according to GlobalData, a leading data and analytics company. However, an analysis of GlobalData’s Financial Deals Database reveals that the deal volume remained below the Q1 2020 and March 2020 weekly […]
Microsoft 365 looks to monetize huge Windows 10 userbase in Asia, says GlobalData
Microsoft seems to have decided the way forward to monetize its massive userbase of one billion devices running on Windows 10, of which nearly 33% are estimated to be from the Asia-Pacific region. With employees undertaking remote working for an extended period owing to the coronavirus (Covid-19) outbreak, the Redmond giant is now betting on […]
Australia’s insurance industry to decline in 2020 due to Covid-19, says GlobalData
Australia’s insurance industry is poised for a decelerated growth over the next five years due to the challenging business environment and coronavirus (Covid-19) outbreak. As a result, the country’s insurance industry is projected to decline by 1.3% from AUD115.7bn (US$80.5bn) in 2019 to AUD114.1bn (US$77.5bn) in 2020, according to GlobalData, a leading data and analytics […]
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 […]
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 […]
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 […]
Covid-19 to further drive e-commerce payments growth in China over next four years, says GlobalData
The growth of Chinese 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. As consumers are increasingly shifting away from in-store to online spending to avoid exposure to disease vectors, e-commerce payments are set to record a steep […]
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 […]