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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 […]
Life insurance business in India to contract in 2020 due to COVID-19, says GlobalData
The Indian life insurance industry is expected to contract in 2020, declining by 0.9% in 2020 as compared to 8.8% growth recorded in 2019, according to GlobalData, a leading data and analytics company. GlobalData has revised India’s insurance forecast in the aftermath of the global coronavirus (COVID-19) outbreak. As per the latest data, India’s life […]
Mobile data segment to drive mobile services market revenue in Japan between 2019 and 2024, says GlobalData
The total mobile services revenue in Japan is expected to increase at a compound annual growth rate (CAGR) of 4.4% from US$70.6bn in 2019 to US$87.7bn in 2024, led by mobile data services segment, according to GlobalData, a leading data and analytics company. GlobalData’s Japan Telecom Operators Country Intelligence Report predicts that mobile voice and […]
GlobalData reveals top 10 solar power influencers on Twitter in Q1 2020
An analysis of GlobalData’s Solar Power Influencer Platform, which tracks more than 100 leading experts in solar power and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, has revealed Arik Ring, expert energy consultant in solar and clean technology, as the top influencer during […]
Drones stepping up fight against COVID-19, says GlobalData
The coronavirus (COVID-19) pandemic is changing the way people interact and businesses operate. In a world where lockdown measures and social distancing have become the new norm, drones are playing a key role in helping authorities and governments in different ways to contain the spread of the outbreak, says GlobalData, a leading data analytics company. […]
ICMR banks on Bharat Biotech expertise to develop COVID-19 vaccine in India, says GlobalData
Following the news that Indian Council of Medical Research (ICMR) and India-based Bharat Biotech have partnered to develop an indigenous COVID-19 vaccine; Anupama, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “ICMR selected Bharat Biotech due to its expertise in indigenous vaccine development. COVID-19 virus isolate obtained from ICMR’s National […]
Bangladesh solar PV module manufacturers need stimulus to maintain operations after lockdown extension due to COVID-19 pandemic, says GlobalData
Fllowing the news that the Solar Module Manufacturers Association Bangladesh (SMMAB) requested for government support after operations took a hit due to the 40-day COVID-19 industrial lockdown; Somik Das, Senior Power Analyst at GlobalData, a leading data and analytics company, comments: “Module makers have demanded BDT5bn ($58.9m) to be spent on grants, long-term interest-free loans, […]
China’s pre-FID projects at stake amid uncertainty due to COVID-19 outbreak, says GlobalData
Reduced demand due to COVID-19 outbreak and the subsequent economic slowdown have forced China’s petrochemical players to re-work on their investment strategies. As a result, several pre-final investment decision (FID) projects are at risk, according to GlobalData, a leading data and analytics company. John Paul Somavarapu, Oil and Gas Analyst at GlobalData, comments: “The outbreak […]
Poor consumer sentiment a concern for India’s automotive industry, says GlobalData
Following the news that Maruti Suzuki India Ltd (MSIL) has re-opened 600 dealerships, which were shut down due to lockdown as a result of coronavirus (COVID-19) outbreak and is set to resume production at Manesar plant on 12 May 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers […]
Japan’s fixed services market revenue to decline by 0.9% CAGR between 2019 and 2024, says GlobalData
The total fixed services revenue in Japan is expected to decline at a compound annual growth rate (CAGR) of 0.9% from US$47.7bn in 2019 to US$45.4bn in 2024, primarily due to steady drop in revenue contribution from fixed voice services segment, according to GlobalData, a leading data and analytics company. GlobalData’s Japan Telecom Operators Country […]
Subsidising car loans will boost affordability in Indonesia’s auto market, says GlobalData
Following the news that Indonesia plans to subsidise car loan as part of a debt relief program for businesses affected by COVID-19; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Automotive industry is amongst one of the deeply impacted industries by the COVID-19 outbreak in Indonesia. […]
Renal dialysis equipment market in India to reach US$225m in 2025, says GlobalData
The renal dialysis equipment market in India is expected to reach US$225m in 2025. Dialysis accessories (such as blood tubing sets and dialyzers) and dialysis machines (hemodialysis machines and peritoneal dialysis equipment) account for more than 85% of the Indian renal dialysis equipment market, says GlobalData, a leading data and analytics company. The company’s report, […]
Mobile data revenue in Vietnam to grow at 5.9% CAGR over 2019-2024, says GlobalData
Mobile data services revenue in Vietnam is poised to grow at a compound annual growth rate (CAGR) of 5.9% between 2019 and 2024, driven by steady rise in mobile Internet subscriptions, growing consumption of mobile data services and the subsequent increase in average revenue per user (ARPU) from data, according to GlobalData, a leading data […]
Pay-TV revenues in Vietnam to decline at 3.4% CAGR over 2019-2024, says GlobalData
The total pay-TV service revenues in Vietnam is projected to decline at a compound annual growth rate (CAGR) of 3.4% between 2019 and 2024, primarily due to steady drop in cable and direct-to-home (DTH) subscriptions along with falling average revenue per user (ARPU) levels over the forecast period, according to GlobalData, a leading data and […]
Japan will stamp out recent COVID-19 surge, but future surges are likely, says GlobalData
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 […]
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 […]