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Russia is expected to drive the growth in the global underground gas storage industry between 2019 and 2023, contributing around 32% of the working gas capacity growth from planned and announced projects, according to GlobalData, a leading data and analytics company. The company’s report: ‘Global Capacity and Capital Expenditure Outlook for Underground Gas Storage – […]
Argentina’s card payments likely to cross US$100bn mark by 2022 due to favorable regulatory landscape, says GlobalData
Card-based payments are gradually gaining traction in Argentina courtesy of various government initiatives. As a result, the total card payments value is set to record a compound annual growth rate (CAGR) of 20.4% between 2018 and 2022, says GlobalData, a leading data and analytics company. The company’s report, Payments Landscape in Argentina: Opportunities and Risks […]
Beverage companies need to innovate and adapt to curb impact of sugar tax in Malaysia, says GlobalData
To curb the sharp rise in non-communicable diseases and promote healthier lifestyles, Malaysia’s Ministry of Health is set to impose sugar tax on sugar-sweetened beverages from 1 July 2019. Against this backdrop, it is crucial for the beverage companies to innovate and adapt in line with evolving regulatory landscape and changing consumer preferences, says GlobalData, […]
Australian cosmetics & toiletries market set to be worth AUD9.4bn by 2023, says GlobalData
Increasing disposable income backed by a steady labor market has contributed to the growth of the cosmetics & toiletries industry in Australia, which is expected to grow at a compound annual growth rate (CAGR) of 3.8% from AUD7.8bn (US$5.9bn) in 2018 to AUD9.4bn (US$7.3bn) in 2023, says GlobalData, a leading data and analytics company. GlobalData’s […]
APAC will be the most important future source of growth for L’Oreal, says GlobalData
Following L’Oréal’s announcement of its best quarter results in ten years on 7 February 2019, mostly supported by Asian growth, Aleksandrina Yotova, Consumer Analyst at GlobalData, offers her view on the future of the company: “The trend for L’Oreal’s Asian growth has continued in the fourth quarter (Q4) of 2018 and has contributed to an […]
NTT Communications poised to retain lead in Asian telecom cloud market, says GlobalData
NTT Communications’ software-defined capabilities, enhanced portfolio through integration with sister companies and its wide network and data center coverage has given the provider an edge to lead the telecom cloud market in Asia-Pacific (APAC), says GlobalData, a leading data and analytics company. Cloud is a mature technology but the market landscape is evolving in APAC. […]