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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

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. […]
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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 […]
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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) […]
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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 […]
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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 […]
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Acquisition of controlling stake by Hyundai Development Co’s consortium breather for Asiana Airlines, says GlobalData

Following the news that a consortium formed between South Korea-based construction company Hyundai Development Co (HDC) and Mirae Asset Daewoo has agreed to acquire controlling stake in loss-making carrier Asiana Airlines Inc. for KRW2.5 trillion (US$2.2bn); Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “The acquisition, which also […]
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Philippines e-commerce market set to reach US$7bn in 2023, says GlobalData

Growing number of smartphone users and favorable government initiatives are set to drive the Philippines’ e-commerce market at a compound annual growth rate (CAGR) of 15.7% from an estimated PHP205.5bn (US$3.9bn) in 2019 to PHP368.3bn (US$7.0bn) in 2023, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that […]
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Card payments in Malaysia set to cross US$80bn by 2023, says GlobalData

Malaysia remains a cash-dominant economy with majority of consumer payments still carried out using cash. However, the country is making steady progress to reduce cash dependence, as the total card payments value is set to increase from MYR208.2bn (US$50.4bn) in 2019 to MYR334.9bn (US$81bn) in 2023, according to GlobalData, a leading data and analytics company. […]
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