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In November 2019, China updated its National Reimbursement Drug List (NRDL) to include 70 new medicines, with an average price cut of 61% agreed by pharma companies. This a promising opportunity for innovative drug manufacturers to foray into the second largest pharmaceutical market in the world after the US in terms of value, says GlobalData, […]
UBS leads GlobalData’s top 10 global M&A financial advisers league table across Asia-Pacific in 2019
UBS has dominated the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers in Asia-Pacific based on deal value in 2019, according to GlobalData, a leading data and analytics company. The Swiss investment bank advised on 42 deals worth US$83.2bn. According to GlobalData, which tracks all M&A, private equity/venture capital and […]
Automotive manufacturers need to switch gears of digital transformation to survive disruption, says GlobalData
From automation and seamless connectivity to personalization, digital technologies are putting the automotive industry in a state of disruptive transition. Against this backdrop, auto manufacturers need to explore new digital solutions across the value chain to conceive new models and survive in the rapidly transforming industry, says GlobalData, a leading data and analytics company. Kiran […]
Thailand mobile services revenue to grow at CAGR of 1.9% during 2019-2024, says GlobalData.
The total mobile services revenue in Thailand is expected to increase at a sluggish compound annual growth rate (CAGR) of 1.9% during 2019-2024, supported by the revenue growth in mobile data segments which will offset the decline in revenues from mobile voice and messaging segments, according to GlobalData, a leading data and analytics company. GlobalData’s […]
Card payments volume in Hong Kong to surpass one billion in 2020, says GlobalData
Despite the dominance of cash, Hong Kong has made a steady progress in the adoption and use of payment cards. The convenience of electronic payments, robust payment infrastructure and the emergence of contactless payments are expected to drive the total number of card payments from 642.0 million in 2015 to 1 billion in 2020, according […]
Foreign firms need to adopt localization strategy to compete in China’s lucrative medical device market, says GlobalData
The medical devices market in China is expected to grow at a compound annual growth rate of 8.4% from US$46.5bn in 2019 to US$75.5bn by 2025. However, multinationals should adopt localization strategy to gain ground in the highly lucrative market, says GlobalData, a leading data and analytics company. Though China is experiencing an economic slowdown, […]
Low value deals dominate Asia-Pacific VC funding landscape in Q4 2019, finds GlobalData
Low value deals (investment <=US$10m) accounted for the majority of the venture capital (VC) investment volume in the Asia-Pacific region during the fourth quarter (Q4) of 2019, according to GlobalData, a leading data and analytics company. VC investment volume (with disclosed deal value) and value increased by 36.9% and 17.9%, respectively, in Q4 2019 compared […]
New Zealand’s mobile service revenue set to reach US$1.7bn in 2024, says GlobalData
New Zealand’s mobile service revenue is forecast to grow at a modest compound annual growth interest rate (CAGR) of 2.7% from US$1.57bn in 2019 to US$1.7bn by 2024, primarily driven by increasing smartphone subscriptions, mobile data revenue and machine to machine (M2M)/Internet of Things (IoT) subscriptions, says GlobalData, a leading data and analytics company. According […]
Total telecom service revenue in Hong Kong set to reach US$5.7bn in 2024, says GlobalData
Growth in mobile data consumption and expansion of fixed broadband network coverage will drive the total telecom service revenue in Hong Kong to US$5.7bn by the end of 2024, says GlobalData, a leading data and analytics company. According to GlobalData’s Asia-Pacific Mobile Broadband Forecast Pack, the mobile data service revenue will account for major share […]
South Korea’s IPTV service revenue to grow at CAGR of 4.4% between 2019 and 2024, says GlobalData
South Korea’s Internet Protocol television (IPTV) revenue is set to grow at a compound annual growth rate (CAGR) of 4.4% for the period 2019-2024, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Asia-Pacific Fixed Communications and Pay-TV Forecast Packs reveal that South Korea’s IPTV service revenue will reach US$ 3.8bn. […]
Windows 7’s end of life offers big opportunity for Microsoft and PC manufacturers in Asia, says GlobalData
With Windows 7 all set to fade into oblivion as an unsupported and vulnerable operating system (OS) to security risks on 14 January 2020, Windows 10 provides a big opportunity for Microsoft and PC manufacturers in Asia, says GlobalData, a leading data and analytics company. According to GlobalData, the market for new PCs in Asia […]
Asia-Pacific will lead 5G technology adoption by 2024, says GlobalData
Asia-Pacific (APAC) will be the leading region in terms of 5G technology adoption with 1.14 billion subscribers, accounting for 65% of global 5G subscriptions by 2024, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Asia Pacific Mobile Broadband Forecast Pack reveals that APAC will be the largest region followed by North […]
M2M/IoT connections in Australia to grow at CAGR of 11% between 2019 and 2024, says GlobalData
Smart homes, autonomous vehicles, smart cities, industrial Internet of Things (IoT) and smart healthcare are set to drive the growth of machine to machine (M2M)/IoT connections at a compound annual growth rate (CAGR) of 11% between 2019 and 2024 in Australia, according to GlobalData, a leading data and analytics company. An analysis of GlobalData Fixed […]
Data center and hosting services poised to be attractive revenue opportunity in India, says GlobalData
The data center and hosting services market in India is estimated to grow at a compound annual growth rate (CAGR) of 5.5% between 2018 2023 to reach US$2.5bn, says GlobalData, a leading data and analytics company. According to GlobalData’s Market Opportunity Forecasts Model, the growth will primarily come from application hosting and data center services, […]
India to become US$2.3bn revenue market for CRM offerings in 2023, says GlobalData
The overall spending on customer relationship management (CRM) in India is set to reach about US$2.3bn in 2023, says GlobalData, a leading data and analyst firm. According to GlobalData’s Market Opportunity Forecasts Model, the spending on CRM BPO services will account for a major portion (three-fourths) of the revenue while CRM applications will account for […]
ICT spending in India will reach US$144bn in 2023, says GlobalData
Driven by the increased adoption of IT services across various verticals, the overall information and communications technology (ICT) spending in India is estimated to grow at a compound annual growth rate (CAGR) of 7.2% from around US$101bn in 2018 to US$144bn in 2023, says GlobalData, a leading data and analytics company. The services segment is […]
Success of MG Hector attracting more Chinese brands to India, says GlobalData
Following the news that Chinese carmaker SAIC-owned Morris Garages (MG) Motor’s Hector has emerged as the market leader in the mid-size sport utility vehicle (SUV) segment for the second half of 2019 in India; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “After the success of […]
Booming China’s life insurance market wakes up to foreign insurers, says GlobalData
Amid uncertainty over the US-China trade war, the long-awaited liberalization of the booming Chinese insurance industry will offer vast opportunities for foreign life insurance companies, says GlobalData, a leading data and analytics company. GlobalData forecasts the Chinese life insurance market to grow at a compound annual growth rate (CAGR) of 9.6% from CNY2.1 trillion (US$316.6bn) […]
Fixed and mobile broadband to drive Singapore telecom growth between 2019 and 2024, says GlobalData
The total telecom and pay-TV services revenue in Singapore is expected to increase at a compound annual growth rate (CAGR) of 3.0% between 2019 and 2024, supported by revenue growth in mobile data and fixed broadband segments, according to GlobalData, a leading data and analytics company. GlobalData’s Singapore Telecom Operators Country Intelligence Report predicts that […]
Successful fundraising paves way for Ruangguru to become edtech leader in Southeast Asia, says GlobalData
Following the news that Indonesia-based education technology (edtech) startup Ruangguru raised US$150m in Series C funding; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “Edtech is a hotbed for innovation in emerging countries and investors are seeing it as a promising area. However, only a few edtech companies […]