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The US Congress anti-trust committee held a five-hour hearing on the market power of big tech companies this week. However, antitrust is just the tip of the iceberg, according to GlobalData, as regulators are expected to come after big tech companies in ten different areas – with antitrust, misinformation and data privacy the most urgent […]
Morgan Stanley and EY were top financial advisers by value and volume in global ICT sector in H1 2020
Morgan Stanley and Ernst & Young (EY) were the top mergers and acquisitions (M&A) financial advisers in the global information and communications technology (ICT) sector in the first half (H1) of 2020 based on deal value and volume, respectively. Morgan Stanley advised on 30 deals worth US$39.6bn, which was the highest among all advisers. EY […]
South Korea turns to AI and 5G to revive economy from COVID-19 induced slump, says GlobalData
South Korea announced a project ‘New Deal’ in June 2020 to revive the country’s economy by focusing on digitalization. Technologies such as 5G network and artificial intelligence (AI) are set to become the key players in supporting Korea’s economic recovery plan and placing the country among the leading technology countries post-COVID-19, says GlobalData, a leading […]
Enterprise ICT budget in Malaysia to be affected by COVID-19 in 2020, forecasts GlobalData
Most of the enterprises cutting across industries in Malaysia are expected to witness a decline in their proposed ICT budgets for 2020 in the aftermath of COVID-19 pandemic, according to the latest Enterprise ICT Decision Makers’ Survey 2020* by GlobalData, a leading data and analytics company. GlobalData’s ‘Malaysia Enterprise ICT Investment Trends 2020’ reveals that […]
ICT market in Philippines to continue to grow in 2020 notwithstanding COVID-19, forecasts GlobalData
The Information & Communications Technology (ICT) market in the Philippines is set to continue to grow in 2020 driven by wider digital transformation initiatives taken by local enterprises and growing customers’ needs despite COVID-19 crisis, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Enterprise ICT Investment Trends 2020 Philippines’, reveals that […]
Despite COVID-19, enterprises in Hong Kong set to increase ICT budget on digital transformation, says GlobalData
Despite the negative impact of COVID-19, most of the enterprises in Hong Kong are expected to increase their share of ICT spending on digital transformation in 2020, according to the latest ICT decision makers’ survey* by GlobalData, a leading data and analytics company. GlobalData’s ‘Hong Kong Enterprise ICT Investment Trends 2020’ reveals that the enterprises […]
COVID-19 polarises the market for TMT IPOs, says GlobalData
The four themes that generated the highest IPO returns for investors* were cybersecurity, collaboration tools, big data and cloud technology. By contrast, the themes that generated negative investor returns included batteries, edtech, 3D printing, and blockchain, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Thematic Research: IPOs in TMT’, reviews the […]
Sentiment growth in technology sector driven by Jabil, while cloud was top theme for June 2020
Jabil had the highest sentiment score growth for June 2020, while cloud technology had the highest earnings transcript mentions during the month, according to GlobalData, a leading data and analytics company. Sectorial sentiment growth was influenced by Jabil, which saw the most growth at 41% in June 2020 (fiscal Q3 2020 earnings transcript) compared to […]
Fixed broadband segment to drive growth of overall fixed communication revenues in Japan over 2019-2024, says GlobalData
Higher than anticipated growth in fixed broadband revenues will help the overall fixed communication services market in Japan to post revenues of US$47bn in 2020 amidst the COVID-19 crisis, which is expected to reach US$48bn by 2024, according to revised forecasts from GlobalData, a leading data and analytics company. GlobalData’s Japan Telecom Operators Country Intelligence […]
Despite COVID-19, Pay-TV services revenue in Japan to grow at 1.9% CAGR over next five years, forecasts GlobalData
Japan’s total pay-TV services revenue is set to register a compound annual growth rate (CAGR) of 1.9% during 2019-2024, increasing from US$8.9bn in 2019 to US$9.8bn in 2024, according to revised pay-TV forecasts from GlobalData, a leading data and analytics company. GlobalData’s Japan Telecom Operators Country Intelligence Report indicates that the overall growth in the […]
COVID-19 will change both factories and offices for ever
The COVID-19 pandemic has given businesses an unprecedented opportunity to implement profound changes to the way we work, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, Future of Work – Thematic Research, states that the pandemic will leave a lasting legacy, from digitizing processes and re-shaping supply chains to redesigning offices. Laura Petrone, […]
COVID-19 to affect enterprise ICT spending in New Zealand, says GlobalData
ICT spending in New Zealand is estimated to register a 6.3% year-on-year decline to reach US$9.5bn in 2020, against the initial estimated growth of 9.6% before the COVID-19 outbreak, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Market Opportunity Forecasts Model reveals that ICT spending across all infrastructure segments, which […]
Government and healthcare to lead ICT spending in Japan, despite overall decline amidst COVID-19 pandemic, says GlobalData
The government efforts to maintain the healthcare infrastructure to combat the COVID-19 pandemic will see the government and healthcare verticals leading the ICT spending in Japan, despite the decline in the overall ICT spending in the country, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Market Opportunity Forecasts Model reveals that […]
Analog’s $20bn Maxim deal another example of semiconductor sector shakeout, says GlobalData
The global semiconductor industry has too much capacity, too many players and has had declining revenues since the end of 2018. Market prospects are bleak for the next two years and the recent acquisition of Maxim Integrated by Analog Devices is the latest example of the industry’s shakeout, says GlobalData, a leading data and analytics […]
Communication vertical to be silver lining despite decline in overall ICT spending in Singapore, says GlobalData
Even as Singapore’s ICT spending is expected to decline as opposed to the growth expected before the COVID-19 outbreak, communications sector will be the silver lining with an increase of 6.0% in ICT spending, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Market Opportunity Forecasts model reveals that the COVID-19 outbreak […]
ICT spending in South Korea to drop by 5.4% in 2020, owing to COVID-19 pandemic, says GlobalData
With the COVID-19 pandemic having engulfed almost the entire globe, South Korea too is estimated to witness a 5.4% decline in the overall ICT spending in 2020, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Market Opportunity Forecasts Model reveals that ICT spending in South Korea is estimated to register […]
Launch of new $600 videoconferencing device shows Zoom believes remote working is here to stay
Following Zoom’s announcement of its new dedicated device for videoconferencing, David Bicknell, Principal Analyst, Thematic Research at GlobalData, a leading data and analytics company, offers his view: “The COVID-19 pandemic has changed the way we work and many people would like to make that change permanent. In a recent GlobalData survey, nearly a quarter of […]
Mobility, cloud technologies present opportunities for vendors in Indonesia’s ICT market in 2020, says GlobalData
At a time when Indonesia’s ICT spending for 2020 is expected to decline by 7.1% as opposed to the 7.5% growth expected before the COVID-19 outbreak, mobility and cloud technologies are set to present opportunities for vendors, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Market Opportunity Forecasts Model reveals that […]
Malaysia’s mobile services revenue to stagnate over next four years courtesy COVID-19, forecasts GlobalData
The mobile services revenue in Malaysia is poised to grow at a sluggish compound annual growth rate (CAGR) of 0.1% during 2019-2024, from US$5.1bn in 2019 to US$5.4bn in 2024, after registering a major drop in the market revenues in 2020 due to the COVID-19 outbreak, according to GlobalData, a leading data and analytics company. […]
Australia’s ICT spending set to decline by 5.9% in 2020 due to COVID-19, forecasts GlobalData
Australia’s ICT spending is expected to decline by 5.9% in 2020 as opposed to the 9.4% growth forecasted before the COVID-19 outbreak, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s Market Opportunity Forecasts Model reveals that spending on hardware is expected to fall by 6.8% in 2020 as against the growth […]