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Competition in India’s Video Conferencing Market to Heat up as Reliance Jio Plans Official Rollout of JioMeet, Says GlobalData

Reliance Jio’s plans to officially roll outof its video conferencing platform, JioMeet, is expected to heat up the competition in the Indian video conferencing market, which has already seen Zoom, Google Meet, and Microsoft Teams gain immense popularity in recent months due to theCOVID-19 induced lockdown in the country, saysGlobalData, a leading data and analytics company. According to GlobalData’s market opportunity forecasts, India’s video conferencing services market, which is estimated at US$105mas of 2019, is…

Automotive Sports Sponsorship Will Be a Casualty of COVID-19, Says GlobalData

GlobalData’s Sportcal tracking reveals there are more than 1,000 instances of automakers and dealerships actively sponsoring sports activities or teams. The estimated annual spend of those deals comes to $1.1bn and, for deals extending past 2021, auto companies are already thought to have pledged more than $1.7bn. Marketing Technology News: Help Stop the Spread of COVID-19 at TrackMyTemp Mike Vousden, Automotive Analyst at GlobalData, comments: "The rapid onset of COVID-19 means auto firms will reassess spending plans.…

Online Channel May Not Be the Saviour Clothing Retailers Hoped For, Says GlobalData

Since the UK Government enforced stores to close for the foreseeable future, many non-food retailers hoped that customers would divert spend onto their online channels. However, last week, Next - the UK’s third largest clothing retailer - announced that it was prioritising the safety of its employees by closing its distribution centre. As a result, many retailers may now feel pressured into shutting their own e-commerce operations bringing potential sales from this channel crashing down to zero, according to GlobalData, a…

Esports Media Rights Could Surge Due to Coronavirus, Says GlobalData

The coronavirus (COVID-19) outbreak has had a significant impact on esports, one of the fastest-growing areas of the gaming sector. Dozens of esports tournaments have been cancelled, with many more postponed indefinitely, and events scheduled to be held in stadiums are being moved online to mitigate the spread of the disease, says GlobalData, a leading data and analytics company. Rupantar Guha, Senior Analyst of Thematic Research at GlobalData, comments: “With the industry’s shift to online formats, brands are expected to…

Deep Learning to Be Key Driver for Expansion and Adoption of AI in Asia-Pacific, Says GlobalData

Deep learning, a subset of machine learning and artificial intelligence (AI), is predicted to provide formidable momentum for the adoption and growth of artificial intelligence in the Asia-Pacific (APAC) region. The next few years will see deep learning become part of main-stream deployments, bringing commendable changes to businesses in the region, says GlobalData, a leading data and analytics company. GlobalData estimates the APAC region to account for approximately 30% of the global AI platforms’ revenue (around…

Leading Technology Trends in Virtual Reality, Revealed by GlobalData

Virtual reality (VR) technology has evolved significantly over the past five years, with improvements on both the hardware and software side, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Virtual Reality – Thematic Research’, details how VR companies are increasingly using artificial intelligence (AI) and cloud technologies to develop stronger ecosystems. Listed below are the leading virtual reality technology trends, as identified by GlobalData. Custom silicon The…

India to Become US$2.3 Billion Revenue Market for CRM Offerings in 2023, Says GlobalData

The overall spending on customer relationship management (CRM) in India is set to reach about US$2.3bn in 2023, says GlobalData, a leading data and analyst firm. According to GlobalData’s Market Opportunity Forecasts Model, the spending on CRM BPO services will account for a major portion (three-fourths) of the revenue while CRM applications will account for the remaining in 2023. China and Japan will be the only countries ahead of India in terms of the potential overall CRM revenue with their overall revenue estimated…

$54 Billion Wearable Tech Industry Offers Immense Opportunity for the Construction Industry by 2023 says GlobalData

Wearables have the potential to transform the construction industry through the ability to improve safety and efficiency for workers. Safety is being spearheaded by innovations such as gyroscopes, emergency alerts, and tracking devices, while GPS-enabled wearables and Artificial Intelligence (AI) technology are leading improvement in efficiency on construction sites, according to GlobalData, a leading data and analytics company. The wearable tech industry was worth nearly $23bn in 2018 and will grow at a compound annual…

AT&T’s 5G Launch Means All Four Us Operators Now Sell 5G, Says GlobalData

Lynnette Luna, Principal Analyst at GlobalData, a leading data and analytics company, offers her view: “All four nationwide operators in the US now offer 5G services to consumers, but these are still early days, and the service is primarily attractive to consumers who enjoy adopting the latest technology. We will see 5G launches and consumer adoption accelerate in 2020 with better coverage and more reasonably priced 5G smartphones, which, at this point, cost $900 and up. Marketing Technology News: Rakuten Marketing…

Technology industry M&A Deals in Q3 2019 Total $36.08bn in US

Total technology industry M&A deals in Q3 2019 worth $36.08bn were announced in the US, according to GlobalData’s deals database. The value marked a decrease of 21.05% over the previous quarter and a drop of 39.05% when compared with the last four-quarter average of $59.23bn. The US held a 55.6% share of the global technology industry M&A deal value that totalled $64.84bn in Q3 2019. In terms of deal activity, the US recorded 499 deals during Q3 2019, marking a drop of 8.3% over the previous quarter and a…

APAC Business Process Outsourcing Market Set to Grow at Cagr of 10% Between 2018 and 2023, Says GlobalData

Asia-Pacific (APAC) continues to be a vibrant market for business process outsourcing (BPO) space, owing to the increasing number of contact centers in the region. Against this backdrop, the overall BPO market in the region is estimated to grow at a compound annual growth rate (CAGR) of 10% between 2018 and 2023 to reach US$120.4bn, says GlobalData, a leading data and analytics company. Marketing Technology News: TruFactor Intelligence-as-a-Service Now Available on AWS Data Exchange, Powering AI and Machine Learning…

Technology Industry Deals in Q3 2019 Total $108.39 Billion Globally

Total technology industry deals for Q3 2019 worth $108.39bn were announced globally, according to GlobalData’s deals database. The value marked a decrease of 25.8% over the previous quarter and a drop of 32.6% when compared with the last four-quarter average of $161.47bn. In terms of number of deals, the sector saw a drop of 0.5% over the last four-quarter average with 4191 deals against the average of 4211 deals. In value terms, North America led the activity with deals worth $62.23bn. Marketing Technology News:…

Technology Industry Private Equity Deals in September 2019 Total $6.41 Billion Globally

Total technology industry private equity deals in September 2019 worth $6.41bn were announced globally, according to GlobalData’s deals database. The value marked an increase of 54.9% over the previous month and a drop of 42% when compared with the last 12-month average, which stood at $11.05bn. Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.95bn. At the country level, the US topped the list in terms of deal value at…

Consumer 5G Monetized by Data-Centric Plans, Speed-Based Pricing and More4More Content Strategies, Says GlobalData

More than 40 telecom operators around the world have already launched commercial 5G services and many are in the starting blocks to go live with their 5G deployments by the end of 2019. Next year will also witness several launches in Europe and other parts of the world. With the growing popularity of 5G, telcos need to craft carefully their 5G go-to-market strategies in order to monetize the technology, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘5G Commercial Use Cases Update & Telco…

Banking and Payments Sector Leads Disruptive Tech Partnership Landscape Between 2016 and 2019

The advent of new technologies is rapidly disrupting the value chain of all sectors. Companies are increasingly forming partnerships with start-ups to better serve their customers. Against this backdrop, the banking and payments sector led the disruptive tech partnership landscape between 2016 and 2019, according to GlobalData, a leading data and analytics company. GlobalData’s Disruptor Database, which analyzes and showcases technology partnership activity across companies and sectors, reveals that driven by artificial…

Technology Industry Deals in September 2019 total $26.7bn Globally

Total technology industry deals for September 2019 worth $26.7bn were announced globally, according to GlobalData’s deals database. The value marked a decrease of 39.02% over the previous month and a drop of 48.1% when compared with the last 12-month average of $51.46bn. In terms of number of deals, the sector saw a drop of 0.3% over the last 12-month average with 1445 deals against the average of 1449 deals. Marketing Technology News: Change Management, CX, and Growth will Haunt Insurance Industry, Says Limra and…

Technology Industry M&A deals in September 2019 total $9.4bn Globally

Total technology industry M&A deals in September 2019 worth $9.4bn were announced globally, according to GlobalData’s deals database. The value marked a decrease of 71.1% over the previous month and a drop of 69.2% when compared with the last 12-month average, which stood at $30.46bn. Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $5.07bn. At the country level, the US topped the list in terms of deal value at $5.05bn.…

Brands Relying on Digital Tools to Simplify Shopping Needs of Young APAC Consumers, Says GlobalData

Today's consumers live in a rapidly digitizing world that is becoming seamlessly integrated into everyday life. In line with this, brands are embracing latest digital technologies and online platforms to create more engaging experiences for young consumers in Asia-Pacific (APAC), says GlobalData, a leading data and analytics company. GlobalData’s report, ‘TrendSights Overview: Smart & Connected - Engaging with consumers in a hyper-connected, technology-enabled society’, reveals that ‘Millennials’ and ‘Generation Z’…

UPS Sends Warning Shot to Amazon with its Newly Approved Drone Delivery Fleet, Says GlobalData

Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view on this home delivery development: “This remarkable development heralds a new era of parcel logistics. It is a clear indicator of how UPS will provide coverage on critical ‘last mile’ of parcel delivery – the distance between the delivery van or local hub, and the front door of the intended recipient. “UPS is the largest package delivery company in the world, handling 5.2 billion deliveries in 2018, and already…

Amazon Is Moving Aggressively to Expand Alexa Beyond the Home, Says GlobalData

Following Amazon’s 2019 hardware launch event on Wednesday 25th September; Anisha Bhatia, Senior Technology Analyst at GlobalData, a leading data and analytics company, offers her view on Amazon’s expanding product range: “The buzzword at Amazon’s event was, predictably, Alexa. Amazon is moving aggressively to expand Alexa beyond the home, where the popular voice assistant has so far had the most impact. Amazon wants Alexa to become an integral part of its customers’ lives everywhere, within reach, including when they’re…