GlobalData news stories

“The addition of low band 5G to our network is going to offer greater depth to our 5G coverage and help us bring 5G to some hard to reach places."

"A significant rise in consumer preference for online channels during the pandemic coupled with proliferation of online retailers and customised payment solutions will further drive eCommerce growth in Australia.”

“M&A activity is expected to continue at a high level throughout 2021 by the likes of Tencent and companies that focus on their key technologies and adjust to the realities of the COVID-19 pandemic.”

As COVID-19 continues to create economic uncertainty, several fintechs have started to realign their growth strategies, the analysts state.

$1.3 trillion was added to the top 25 global technology companies’ cumulative market capitalisation in Q3 2020 alone.

Bitcoin's epic bull run is backed by strong investor interest, according to new research from analyst firm GlobalData.

As well as machine learning, big data and data science emerged as the most mentioned trends among the AI influencer discussions.

"Despite the negative impact of the COVID-19 outbreak, APAC might be quicker to bounce back compared to other regions owing to agile delivery and support capabilities to the global enterprises.”

According to GlobalData, the construction industry is slowly shifting from years of the wait-and-watch stance to adopting digital technologies to improve the overall project lifecycle from conceptual design to construction.

"Key factors leading to the growth of network security market revenue in the Asia Pacific region includes instances of ransomware attacks, targeted attacks and phishing."

Network access control revenue in the Asia-Pacific (APAC) region is estimated to reach US$709 million in 2024, according to GlobalData.

The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.

“Utilities’ existing systems are becoming increasingly connected through sensors and networks, and, due to their dispersed nature, are even more difficult to control.”

Singapore has pledged to continue investing in innovation and technology in an attempt to revive the economy and create new business and employment opportunities.

Increased government spending to modernise the existing IT infrastructure and  agrowing shift towards server virtualisation are the major factors likely to boost the growth of the IaaS market in the region.

"It may not come as a surprise that quantum computing one day replaces artificial intelligence as the mainstream technology to help industries tackle problems they never would have attempted to solve before.”

China is set to dominate Asia Pacific (APAC) cloud computing market revenue in the lead up to 2024, with one-third revenue market share, according to GlobalData’s Market Opportunity Forecasts Model.

Network attached storage has emerged as a viable alternative to the traditional storage mechanism in the Asia Pacific.

"Application management will be among the primary requirements of enterprises."

The overall APAC storage market revenue is now expected to grow at a CAGR of 5.5% during 2019-2024, compared to the previous forecast of 14.6% before the COVID-19 outbreak.

"New age customers are becoming health conscious and preferring devices with advanced features."

"The integration of cloud computing into banking solutions is anticipated to play a crucial role in transforming the banking sector in the forthcoming years.”

"RPA relieves human workers of their repetitive daily tasks by processing workflow much quicker and consequently more efficient."

The outbreak of the COVID-19 pandemic has led to reduced consumer spending in consumer electronics devices, resulting in the low adoption of smartwatches in 2020, according to new figures released by GlobalData.