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The dental computer-aided design/computer-aided manufacturing (CAD/CAM) materials market in India is expected to grow at a compound annual growth rate (CAGR) of 14.4% from US$157.7m in 2020 to reach US$309.5m in 2025, according to GlobalData, a leading data and analytics company. The company’s report, ‘India CAD/CAM Systems and Materials Market Outlook to 2025’, reveals that […]
Battle for supremacy set to intensify with APAC countries joining quantum computing bandwagon, says GlobalData
Investments in quantum computing so far have been primarily led by the US and a few other European countries such as the UK, the Netherlands and France. However, with a host of countries from the Asia-Pacific (APAC) region showing keen interest and pledging significant investments, the quest for quantum computing supremacy is set to gather […]
Emerging technologies proving worth in fight against coronavirus in China, says GlobalData
The coronavirus (Covid-19) outbreak, which was first reported from Wuhan in China on 31 December 2019, quickly spread to become a global emergency. The number of deaths due to Covid-19 in China has already exceeded the SARS outbreak in 2003. Against this backdrop, tech startups are working with government agencies, clinicians and academics to help contain […]
India’s recent move to abolish merchant charges on RuPay cards will further drive shift towards electronic payments, says GlobalData
India has traditionally been a cash-dominant society, a scenario that is changing gradually with a series of government measures to promote electronic payments. The country is making steady progress in reducing its dependence on cash, with its share in total payments volume expected to decline from 79.8% in 2019 to 54.1% in 2023, says GlobalData, […]
Regulatory initiatives to help Malaysian life insurance business surpass US$13bn in 2023, says GlobalData
The Malaysian life insurance market, in terms of gross written premiums, is projected to grow at a compound annual growth rate (CAGR) of 4.4% from MYR46.7bn (US$11.6bn) in 2019 to MYR55.4bn (US$13.7bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia Life Insurance: Key Trends and Opportunities to 2023’, reveals that […]
Tech giants eye SME segment to tap India’s cloud services market, says GlobalData
The recent partnerships announced by global tech giants Microsoft and Google with Indian telcos Bharti Airtel (Airtel) and Reliance Jio Infocomm Limited (Jio), respectively, to offer cloud services to small and medium enterprises (SMEs) indicate a strong inclination of technology firms to tap the growing Indian cloud services market, says GlobalData, a leading data and […]
Mitsubishi moves closer to capitalize on Asia-Pacific commercial aircraft market, says GlobalData
Following today’s news (27th February) that Mitsubishi Aircraft Corporation, an MHI Group company, has completed its maiden flight with the first Pratt & Whitney GTF PW1200G engine assembled in Japan; Mathew George, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The announcement comes at a time when the commercial aircraft […]
Bronchoscopes market in APAC to grow at CAGR of 4.9% between 2019 and 2028, says GlobalData
The bronchoscopes market in the Asia-Pacific (APAC) region is expected to grow at a compound annual growth rate (CAGR) of 4.9% between 2019 and 2028, according to GlobalData, a leading data and analytics company. APAC is one of the fastest growing regions in the global bronchoscopes market. The region accounted for 37% of the global […]
Asia-Pacific sweeps GlobalData’s list of top five venture capital funded emerging tech companies in 2019
All the top five venture capital (VC) funded companies in the global emerging tech space in 2019 were from the Asia-Pacific (APAC) region, according to GlobalData, a leading and data analytics company. Among the top five, Chinese and Indian companies occupied two positions each while a Singaporean company also featured in the list. Aurojyoti Bose, […]
Coronavirus outbreak threatens China’s already tepid economic growth, observes GlobalData
As China battles to contain the Wuhan coronavirus (Covid-19) outbreak, the effect of the epidemic is dampening the prospect of upturn for the world’s second largest economy, says GlobalData, leading data and analytics company. Factories across several Chinese cities were shut down following the outbreak which is affecting the manufacturing industry of the country. According […]
Dr Reddy’s takes inorganic route to grow in India, says GlobalData
Following the recent news that Dr Reddy’s Laboratories (DRL) has agreed to acquire Wockhardt Ltd’s select divisions of branded generics business in India, Nepal, Sri Lanka, Bhutan and Maldives for a consideration of INR18.5bn (US$260m); Prashant Khadayate, Practice Head of Healthcare at GlobalData, a leading data and analytics company, offers his view: “Dr Reddy’s has […]
South Korean life insurance business faces saturation, says GlobalData
A combination of factors including the country’s demographic crisis, a low-interest rate regime and slow economic growth are stifling the growth of South Korea’s life insurance industry, which registered a compound annual growth rate of just 0.5% during 2014-2019, says GlobalData, a leading data and analytics company. South Korea’s life insurance business was worth KRW114,709bn […]
Wipro’s sentiments up in line with growth in digital segment revenue and AI/ML portfolio adoption, says GlobalData
In light of rising adoption of artificial intelligence (AI) and machine learning (ML) portfolio, a steady fourth quarter (Q4) 2019 performance, supported by the double digit quarterly growth (year-on-year) in the consumer and digital segment revenue and the October 2019 acquisition of International TechneGroup Inc., Wipro’s sentiments are on the rise, says GlobalData, a leading […]
Government direct intervention set to enhance quality and safety of drugs in India, says GlobalData
Following the recent official gazette notification from the Ministry of Health & Family Welfare (MOHFW) of India that from March 2021 onwards Indian pharmaceutical companies that market drugs will be accountable for quality and other regulatory compliances along with the manufacturers; Anupama, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: […]
Digital economy unlocking cross-industry opportunities to make enterprise innovation more effective, says GlobalData
Digital economy, which is empowering tech-savvy enterprises to leapfrog their traditional businesses in search of new growth opportunities, is orchestrating new business models across boundaries around the hyper-demanding consumers, says GlobalData, a leading data and analytics company. Kiran Raj, Principal Disruptive Tech Analyst at GlobalData, comments: “Enterprise digital leaders, far more radical than merely investing […]
China opens up US$16.5 trillion card payments market for foreign operators, says GlobalData
The Chinese Government is gradually opening up its card payments market for international operators with Mastercard being the latest entrant. China is the world’s largest card payments market, in terms of payment value, accounting for US$16.5 trillion in 2019 – much higher than developed markets such as the US (US$7.2 trillion) and the UK (US$1.1 […]
Singapore M2M/IoT revenue expected to grow at CAGR of 14.78%, forecasts GlobalData
Revenue from machine-to-machine (M2M)/Internet of Things (IoT) in Singapore is set to grow at a compound annual growth rate (CAGR) of 14.78% between 2019 and 2024, according to GlobalData, a leading data and analytics company. The M2M/IoT penetration of the population is expected to grow from 15.10% in 2019 to 16.84% by the end of […]
Zydus and CMS partnership provides momentous boost to commercialization strategy for desidustat in China, says GlobalData
India-based Zydus Cadila’s licensing agreement with China Medical System (CMS) Holdings Limited in January 2020 for the development and commercialization of desidustat will provide a momentous boost to the overall commercialization strategy for the anemia drug, says GlobalData, a leading data and analytics company. Desidustat, an oral hypoxia-inducible factor prolyl hydroxylase inhibitor (HIF-PHI), is indicated […]
Nuclear imaging equipment market in APAC to grow at CAGR of 8.9% between 2019 and 2028, says GlobalData
The nuclear imaging equipment market in the Asia-Pacific (APAC) region is expected to grow at a compound annual growth rate (CAGR) of 8.9% from US$0.7bn in 2019 to US$1.5bn by 2028, according to GlobalData, a leading data and analytics company. China will be by far the fastest growing country in the region growing at a […]
GlobalData reveals top 10 macroeconomic influencers on Twitter in Q4 2019
An analysis of GlobalData’s Macroeconomics Influencer Platform, which tracks over 170 leading global economists and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, has revealed Simon wren-lewis, a professor of economics policy at Oxford University, as the top influencer in the fourth quarter (Q4) […]