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India, which is facing its worst economic slowdown in a decade, is caught in an inter-play between reducing the fiscal deficit or missing out of reaching the goal of US$5 trillion economy. With only two days to go for the Union Budget 2020, all eyes are now on the extension of income tax slabs or […]
Computed tomography systems market in APAC to grow at CAGR of 15.7% between 2019 and 2028, says GlobalData
The computed tomography (CT) systems market in the Asia-Pacific (APAC) region is expected to grow at a compound annual growth rate (CAGR) of 15.7% from US$2.1bn in 2019 to US$7.7bn by 2028, according to GlobalData, a leading data and analytics company. India will be by far the fastest growing country in the region growing at […]
GlobalData reveals top 10 cybersecurity influencers in Q4 2019
An analysis of GlobalData’s Cybersecurity Influencer Platform, which tracks more than 300 leading global cybersecurity experts and their discussions pertaining to the emerging trends, pain areas, new fields of innovation and other popular areas on Twitter, revealed cybersecurity expert Sean Harris as the top influencer during the fourth quarter (Q4) of 2019. SwiftOnSecurity, information security […]
With regular vehicle launches and high localization, Kia Motors pushing right buttons in India, says GlobalData
Following the news that Kia Motors is set to unveil its new concept compact SUV at the upcoming Auto Expo 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading data and analytics company, offers his view: “One of Kia’s key strategies in India include launching a vehicle every six months. Last year, the […]
Malaysia’s motor insurance business to be valued at US$2.4bn in 2023, says GlobalData
The motor insurance business in Malaysia is projected to grow from MYR8.2bn (US$2.0bn) in 2018 to MYR9.7bn (US$2.4bn) in 2023, in terms of net earned premium (NEP), according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Malaysia General Insurance: Key Trends and Opportunities to 2023’, reveals that motor insurance, one of the compulsory […]
Uncertain regulatory environment affecting growth and investments in India’s e-pharmacy sector, says GlobalData
Lack of progressive and proactive e-pharmacy regulatory framework is impacting the overall growth potential and future investments in the Indian e-pharmacy sector, says GlobalData, a leading data and analytics company. In a bid to prohibit the unauthorized sale of medicines by certain e-pharmacies, the Drug Controller General of India (DCGI) ordered all states and union […]
E-commerce payments in Malaysia to cross US$11bn in 2023, says GlobalData
The e-commerce market in Malaysia is among the fastest-growing in Southeast Asia, with a total transaction value of MYR25.6bn (US$6.2bn) in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 15.9% to reach MYR46.3bn (US$11.2bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Malaysia Cards […]
Roche’s Accu-Chek SugarView app may disrupt India’s blood glucose monitoring market, says GlobalData
Roche has recently received CE approval for its Accu-Chek SugarView blood glucose monitoring app. The approval will allow Roche to market glucose monitoring products aggressively and will further strengthen its leadership position in India’s glucose monitoring market, says GlobalData, a leading data and analytics company. The company’s report, ‘Diabetes Care Devices – Insulin Pens – […]
China’s lightning response to new Wuhan coronavirus outbreak may not be enough, says GlobalData
Following the news that the spread of the Wuhan coronavirus developed into a dangerous epidemiology outbreak with potential impact worldwide; Kasey Fu, Director of Epidemiology at GlobalData, a leading data and analytics company, provides her view: “China finds itself in a familiar situation from almost 20 years ago during the severe acute respiratory syndrome (SARS) […]
Card payment value in Indonesia set to cross US$57bn in 2023, says GlobalData
The Indonesian market remains heavily cash-reliant with limited awareness of electronic payments and inadequate payment infrastructure. However, the country is making gradual progress to reduce cash dependence, with card payments value set to increase from IDR639.9 trillion (US$44.5bn) in 2019 to IDR821.2 trillion (US$57.1bn) in 2023, according to GlobalData, a leading data and analytics company. […]
Hybrid cloud services to drive APAC enterprise cloud services revenue to US$256bn by 2023, says GlobalData
The marketplace for enterprise cloud computing related services in Asia-Pacific (APAC) is forecast to grow at a compound annual growth rate (CAGR) of 19% from US$107.6bn in 2018 to US$256.4bn in 2023, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Cloud Computing in Asia Pacific: Telco Cloud Offers, Best Practices […]
Chinese health insurance business set to exceed US$136bn in 2022, says GlobalData
The health insurance business in China is projected to grow from CNY437.4bn (US$64.7bn) in 2017 to CNY921.1bn (US$136.6bn) in 2022, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘China General Insurance: Key trends and Opportunities to 2022’, reveals that health insurance, which contributes about 30% of the total Chinese general insurance business, […]
Series A funding accounted for highest venture capital share in APAC during Q4 2019, finds GlobalData
Series A funding rounds dominated the venture capital (VC) funding landscape across the Asia-Pacific (APAC) region in both volume and value terms during the fourth quarter (Q4) of 2019, according to GlobalData, a leading data and analytics company. Compared to the announcement of 825 deals (with disclosed funding rounds) worth US$16.5bn in Q4 2018, a […]
India’s e-commerce market set to surpass US$91bn in 2023, says GlobalData
The overall transaction value of the Indian e-commerce market is projected to grow from INR3.4 trillion (US$49bn) in 2019 to INR6.3 trillion (US$91bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘India Cards & Payments: Opportunities and Risks to 2023’, states that the growth in the e-commerce market has been […]
NRDL a promising sign for increased market access to innovative drugs in China, says GlobalData
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, […]