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Six of the top 10 global venture capital (VC) investors showcased year-on-year (YoY) growth in the number of investments, whereas seven of them witnessed YoY decline in the proportionate investment value in 2019, says GlobalData, a leading data and analytics company. The top 10 global VC investors (by number of investments) participated in more than […]
With new contracts drying up, India’s IT services industry should brace for challenging times ahead, says GlobalData
The actual impact of the coronavirus outbreak on the India’s IT services industry is now coming to the fore, with the number of new contract signings showing a consecutive decline over the past couple of months. While the extent of the drying-up of contracts will depend on how long the outbreak ultimately lasts, the Indian […]
VC funding activity in AI technology space remained steady despite fewer big ticket deals in 2019, says GlobalData
The artificial intelligence (AI) technology space witnessed growth in venture capital (VC) investments volume and value in 2019 despite fewer big ticket deals, according to GlobalData, a leading and data analytics company. A total of 2,018 VC funding deals (with disclosed funding value) worth US$31.8bn were announced in the AI tech space during last year. […]
Asia to dominate global chlorine capacity additions by 2024, says GlobalData
Asia is expected to lead the global chlorine capacity additions by contributing about 69% of global growth from new-build and expansion projects between 2020 and 2024, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Chlorine Industry Outlook to 2024 – Capacity and Capital Expenditure Forecasts with Details of All Active and […]
ICT spending in Malaysia to reach US$25.2bn 2023, says GlobalData
The information and communication technology (ICT) market in Malaysia is set to grow at a compound annual growth rate (CAGR) of 8.9% between 2019 and 2023.This growth from 2018 US$16.5bn to US$25.2bn in 2023, will mainly be supported by the rising adoption of ‘client computing’ and ‘cloud computing’, says GlobalData, a leading data and analytics […]
Retail loans in India to cross US$550bn in 2023, says GlobalData
The total retail loans in India recorded a compound annual growth rate (CAGR) of 17.5% during 2014-18 to reach INR22.2 trillion (US$319.1bn) in 2018. However, weakening economic growth and slowdown in auto sales are expected to impact the growth over the next four years and as a result the total loans are projected to reach […]
Supply disruption scares and price hikes wakeup call for India to reduce dependence on China for APIs, says GlobalData
The impact of the coronavirus (Covid-19) outbreak on industries ranging from technology to automotive has been the subject of intense analysis in the recent months. This has exposed dependence of India on China for its active pharmaceutical ingredient (API) requirements. For India’s pharma industry, which is staring at a probable supply chain disruption of APIs, […]
Coronavirus could shift balance in Emirates’ relationship with Dubai, says GlobalData
Following the recent news that Dubai-based carrier Emirates Group asked staff to take paid and unpaid leave in response to the effect of the new coronavirus (Covid-19) on the business; Colin Foreman, Deputy Editor at GlobalData, a leading data and analytics company, offers his view: “Airlines are among the most affected companies by the measures […]
Saudi construction sector spooked by Riyadh’s austerity measures, says GlobalData
On March 11, the worst fears of Saudi Arabia’s construction industry were confirmed by a report from leading data and analytics company GlobalData that government ministries had been instructed to cut spending by 20%. The new wave of austerity measures in the kingdom are a result of the collapse in oil prices triggered by the […]
Oil price crash could accelerate the planned privatization of Gulf utilities, says GlobalData
The collapse of oil prices in March triggered by the coronavirus (Covid-19) pandemic is putting renewed pressure on the finances of the Gulf states and could provide a tipping point for governments to take decisions on power and water privatization plans that have been in the works for several years, says GlobalData, a leading data […]
Indonesia’s life insurance business seeks foreign investment to bridge capital requirements, says GlobalData
The recent move by Indonesia to relax foreign investment cap will help infuse capital and address the ongoing challenges the domestic life insurance companies are facing, says GlobalData, a leading data and analytics company. According to GlobalData, the Indonesian life insurance industry, in terms of gross written premiums (GWP), grew from IDR101.5 trillion (US$8.6bn) in […]
Lipaglyn gives Zydus Cadila first mover advantage in lucrative NASH market, says GlobalData
Following the recent news that The Drug Controller General of India (DCGI) has approved Zydus Cadila’s new drug application (NDA) for Lipaglyn (saroglitazar) for treatment of Non-Cirrhotic, Non-Alcoholic Steatohepatitis (NASH) in India; Nag Madhavi, Healthcare Analyst at GlobalData, a leading data and analytics company, offers her view: “Lipaglyn, which is a novel first in class […]
Coronavirus to impact import-dependent medical devices industry in India, says GlobalData
The Indian medical devices industry is heavily dependent on China for raw materials and electronic components. However, as the number of coronavirus (Covid-19) cases continues to rise, it is likely to affect India’s heavily import-dependent medical product supply chain and may result in the shortage of critical medical devices, says GlobalData, a leading data and […]
Mobile data services and fixed broadband to drive telecom service revenue growth in Philippines through 2019-2024, says GlobalData
The total telecom and pay-TV services revenue ($US) in the Philippines is set to grow at a compound annual growth rate (CAGR) of 4.09% between 2019 and 2024, mainly supported by the rising adoption of mobile data and fixed broadband, says GlobalData, a leading data and analytics company. According to GlobalData’s Fixed Communications, Mobile Broadband […]
Electric vehicles most discussed theme among automotive influencers on Twitter in Q4 2019, reveals GlobalData
Electric vehicles (EV) has emerged as the most discussed theme on Twitter among the world’s leading automotive influencers, with more than 100% quarter-on-quarter (QOQ) growth in tweet volume during Q4 2019, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Vehicle Manufacturers Influencer Platform, which tracks the industry experts from automotive […]
Vietnam’s e-commerce market to surpass US$17bn in 2023, says GlobalData
Rising Internet and smartphone penetration coupled with a large young population will propel Vietnamese e-commerce market. It is project to grow at a compound annual growth rate (CAGR) of 16.3% from VND218.3 trillion (US$9.4bn) in 2019 to VND399.5 trillion (US$17.3bn) in 2023, according to forecast from GlobalData, a leading data and analytics company. GlobalData’s latest […]
Singapore pay-TV revenues to decline at 2.5% CAGR due to increasing adoption of OTT services, says GlobalData
The total pay-TV revenues in Singapore are expected to decline at a compound annual growth rate (CAGR) of 2.5% from US$339m in 2019 to US$298.6m in 2024, due to the falling cable and Internet Protocol television (IPTV) subscriptions as the adoption of over-the-top (OTT) services for video content continues to increase in the country, according […]
Up-skilling workforce crucial to arrest job losses due to automation across ASEAN, says GlobalData
In the high growth ASEAN countries (Cambodia, Indonesia, the Philippines, Thailand and Vietnam) more than 50% jobs are vulnerable due to automation in the long run. As a result, up-skilling the workforce becomes a pre-requisite for strong, sustained and balanced growth of the economy, says GlobalData, a leading data and analytics company. The traditional educational […]
Singapore card payments to reach US$116bn in 2023, says GlobalData
Singapore is a mature payment card market with the average Singaporean holding more than three cards. Boosted by the government’s push towards a cashless society, growing consumer awareness and improving payment infrastructure, card payments in Singapore is set to grow from S$111.9bn (US$82.1bn) in 2019 to S$158bn (US$116bn) in 2023, according to GlobalData, a leading […]
Cipla’s digital initiatives in respiratory space can be an exemplar for other leading Indian pharma companies, says GlobalData
Digital marketing in pharma is gaining increasing importance in recent times and Indian multinational pharmaceutical company Cipla Limited can be termed as a pioneer in this space from the Indian market perspective as it has successfully used a digital strategy to promote disease awareness and grow leadership position in asthma, says GlobalData, a leading data […]