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GlobalData news stories

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Mobile Device Management / MDM
Telstra switches on low band 5G network for commercial use
“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."
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Commerce Systems
COVID-19 fuels eCommerce market in Australia
"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.”
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Tencent
Merger and acquisition activity recovers from COVID-19 setback
“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.”
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Fintech
COVID-19 inspires fintech innovations worldwide
As COVID-19 continues to create economic uncertainty, several fintechs have started to realign their growth strategies, the analysts state.
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Apple
Top 25 global tech companies hit $11.1 trillion in market cap in Q3 2020
$1.3 trillion was added to the top 25 global technology companies’ cumulative market capitalisation in Q3 2020 alone.
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Cryptocurrency
Price of Bitcoin reaches all-time high in 2020
Bitcoin's epic bull run is backed by strong investor interest, according to new research from analyst firm GlobalData.
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Machine learning
GlobalData: Machine learning a hot topic amongst AI influencers
As well as machine learning, big data and data science emerged as the most mentioned trends among the AI influencer discussions.
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Revenue
IT consulting services revenue to hit US$100bn mark by 2024
"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.”
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Construction
AR and VR presents huge potential for construction industry, but businesses slow to adopt
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.
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Cybersecurity
Rising threat of data breaches among enterprises drives growth in network security revenue
"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."
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Network Access Control / NAC
APAC network access control market growing rapidly
Network access control revenue in the Asia-Pacific (APAC) region is estimated to reach US$709 million in 2024, according to GlobalData.
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Enterprise content management (ECM)
Enterprise driving spend in data and content management solutions across APAC
The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.
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Cybersecurity
Report: Power utilities increasingly at risk of devastating cyber-attacks
“Utilities’ existing systems are becoming increasingly connected through sensors and networks, and, due to their dispersed nature, are even more difficult to control.”
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ICT
Singapore's Government invests heavily in ICT market following COVID-19
Singapore has pledged to continue investing in innovation and technology in an attempt to revive the economy and create new business and employment opportunities.
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IaaS / Serverless Infrastructure
IaaS revenue to reach $39 billion across APAC
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.
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Innovation
IBM, Alphabet and well-funded startups in the race for quantum supremacy
"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.”
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Cloud
China to hit US$63.7bn in cloud computing revenue by 2024, dominating APAC market
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.
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Network attached storage / NAS
APAC network-attached storage revenue to reach $8.9 billion
Network attached storage has emerged as a viable alternative to the traditional storage mechanism in the Asia Pacific.
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Digitisation
Application management revenue to reach $21.5bn across APAC
"Application management will be among the primary requirements of enterprises."
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Data
Enterprise storage market knocked by COVID-19, but may bounce back
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.
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GlobalData
COVID-19 features to drive smartwatch sales
"New age customers are becoming health conscious and preferring devices with advanced features."
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Cloud
Fintech innovation set to play huge role in cloud computing market, study finds
"The integration of cloud computing into banking solutions is anticipated to play a crucial role in transforming the banking sector in the forthcoming years.”
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Robotic Process Automation / RPA
Operational efficiency and cost reduction key to robotic process automation adoption across APAC
"RPA relieves human workers of their repetitive daily tasks by processing workflow much quicker and consequently more efficient."
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GlobalData
COVID-19 features to further drive smartwatch uptake in APAC
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.