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Large foodservice chains have always had an advantage over smaller operators in terms of brand visibility and delivery. However, the advent of food delivery platforms has significantly altered the competitive dynamics in the foodservice sector. The COVID-19 pandemic gave a fillip to the food delivery business, and they have been able to sustain consumer interest. […]
Convenience and health key focus for food companies in APAC, says GlobalData
As food companies navigate increasing input costs, especially in oils and fats, their innovations remain centered on health and wellness as consumers are prone to spending more on healthier foods. There has also been a growing focus on products that cater to consumers busy lifestyles, emphasizing the importance of satisfying cravings while also supporting overall […]
Malaysia ICT market revenue to witness 15.5% CAGR over 2023-28, forecasts GlobalData
The enterprise information and communication technology (ICT) market in Malaysia is projected to grow at a compound annual growth rate (CAGR) of 15.5% over 2023-28, driven by the ongoing digital transformation efforts of businesses and the government, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report “Malaysia Enterprise ICT Country Intelligence Report,” reveals […]
Digitalization could deliver long term benefits to oil and gas industry, says GlobalData
In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital. Certain technologies—such as artificial intelligence (AI), blockchain, cloud computing, the Internet of Things (IoT), robotics, and virtual and augmented reality (VR and AR)—are now part of their daily routine. These digitalization […]
Singapore telecom and pay-tv services revenue to decline at 0.4% over 2024-29, forecasts GlobalData
The total telecom and pay-TV services revenue in Singapore is expected to decline at a compounded annual growth rate (CAGR) of 0.4% over the forecast period 2024-29, with a steady decline in revenue contributions from fixed voice, pay-TV, and mobile voice segments outweighing revenue growth in mobile broadband and fixed broadband segments, according to GlobalData, […]
Eli Lilly’s Zepbound holds potential to dominate obesity market, says GlobalData
It has been a year since the launch of Zepbound (tirzepatide) for obesity, and Eli Lilly’s competition with Novo Nordisk continues. Zepbound’s superior efficacy and strategic market expansion suggest that the drug will dominate the obesity market, surpassing Novo Nordisk’s Wegovy (semaglutide), according to GlobalData, a leading data and analytics company. Recently, Eli Lilly announced […]
Zorifer poised to fill critical gap in treatment of advanced NSCLC with CNS metastases in China, says GlobalData
China’s National Medical Products Administration (NMPA) has recently approved Zorifer (zorifertinib), an oral epidermal growth factor receptor tyrosine kinase inhibitor (EGFR-TKI) specifically for the treatment of non-small cell lung cancer (NSCLC) with CNS metastases. Developed by Alpha Biopharma in collaboration with AstraZeneca, this new treatment option is expected to benefit EGFR-mutated NSCLC patients with different […]
Popularity of cultivated meat on rise in APAC, says GlobalData
The popularity of cultivated meat or lab-grown meat has been steadily increasing in the Asia-Pacific (APAC) region in recent years. Meat is considered an essential source of proteins, lipids, carbohydrates, and vitamins that the body needs to meet its energy requirements. However, traditional animal farming techniques are insufficient to meet the growing demand for meat. […]
Influencers discuss arrival of AGI as OpenAI’s o3 model ignites AI hype, reveals GlobalData
OpenAI’s recent unveiling of its new o3 reasoning model has ignited a fierce debate among influencers on social media. While many express awe at its impressive performance across various benchmarks, including exceeding human performance on coding and scientific reasoning tasks, others raise concerns about its high cost and the potential for overhyping its artificial general […]
India dominates APAC IPO market in 2024 with over 200 public issues, reveals GlobalData
The initial public offering (IPO) market in the Asia-Pacific (APAC) region has demonstrated remarkable resilience in 2024, with a sustained upward trajectory despite a high inflationary environment and geopolitical tensions. The APAC market witnessed a notable surge in IPO activity, with 604 listings raising a total of $33.9 billion. This represents a 21.5% growth in […]
India telecom and pay-TV services revenue to grow at 2.5% CAGR over 2024-29, forecasts GlobalData
The total telecom and pay-TV services revenue in India is expected to increase at a compound annual growth rate (CAGR) of 2.5% from $44.9 billion in 2024 to $50.7 billion in 2029, primarily driven by mobile data and fixed broadband segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s India Telecom Operators Country Intelligence […]
Thailand telecom and pay-TV services revenue to increase at 2.8% CAGR over 2024-29, forecasts GlobalData
The telecom and pay-TV services revenue in Thailand is expected to increase at a compound annual growth rate (CAGR) of 2.8% from $9.8bn in 2024 to $11.2bn in 2029, primarily driven by the mobile broadband segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s Thailand Telecom Operators Country Intelligence Report reveals that mobile voice service […]
Targeted therapies and improved diagnostics remain as unmet needs in T2-low asthma, says GlobalData
Despite advances in biologic therapies for severe asthma, significant unmet needs in asthma management remain, specifically with T-helper cell type 2 (T2)-low asthma, a subtype lacking typical inflammatory biomarkers. T2-low asthma presents unique challenges due to the absence of eosinophils and immunoglobulin E (IgE), which complicates both diagnosis and treatment. Insights from experts in the […]
Campa Cola’s aggressive pricing disrupts Indian soft drinks sector, says GlobalData
The Indian soft drinks sector is currently experiencing a notable disruption due to the price war initiated by Campa Cola. With the incumbent market leaders, Coca-Cola and PepsiCo joining the price war, it is an all-or-nothing war for a share of the consumer’s wallet in the Indian soft drinks sector, says GlobalData, a leading data […]
South Korea life insurance industry to reach $157.9 billion by 2029, forecasts GlobalData
South Korea’s life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 3.1% from KRW182.7 trillion ($139.8 billion) in 2025 to KRW206.2 trillion ($157.9 billion) in 2029, in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, South Korea’s […]
Singapore spends $63 billion on defense during 2020-24, reveals GlobalData
Singapore’s commitment to modernization of its armed forces has driven the country to consistently allocate an average of 3.5% of its GDP to defense expenditure over the period 2020 to 2024. Recognizing the challenges of maintaining a small military, the government has prioritized leveraging advanced technology and the acquisition of modern defense platforms to enhance […]
APAC closes 2024 as global leader in IPO market with over 600 public issues, reveals GlobalData
Asia-Pacific (APAC) topped the global initial public offering (IPO) market, with 604 companies going for public issues to raise a total of $33.9 billion for the calendar year 2024. The remarkable performance was driven by strong market sentiment, a favorable macroeconomic environment, and a surge in investor interest fueled by fear of missing out (FOMO), […]
South Korea telecom and pay-TV services revenue to increase at 1.9% CAGR over 2024-29, forecasts GlobalData
The telecom and pay-TV services revenue in South Korea is expected to increase at a compound annual growth rate (CAGR) of 1.9% over the forecast period 2024-2029 from $32.3bn in 2024 to $35.4bn in 2029, supported by strong growth in the mobile broadband segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s “South Korea Telecom […]
AI holds potential to help identify and manage atopic dermatitis, says GlobalData
Effective management of atopic dermatitis (AD) has been one of the top priorities for physicians over the years, as quality of life in these patients is compromised due to the disruptive symptoms that they experience, which include itchiness and skin inflammation. As diagnosis of AD is primarily clinical, it may be subjective, resulting in variability […]
Carlton & United Breweries most active and largest sports spending alcoholic beverages brand in APAC in 2024, reveals GlobalData
Carlton & United Breweries has 16 sports sponsorship deals across the Asia-Pacific (APAC) region. The Australian brewing company has the largest alcoholic beverages deal in the region, this being Carlton Draught’s partnership with the Australian Football League (AFL). The brewing company also has partnerships with the National Rugby League (NRL), and notably, 13 of their […]