The smartphone market in New Zealand experienced a 4.2% year-on-year decline in the first quarter of 2023, according to the International Data Corporation's (IDC) Worldwide Quarterly Mobile Phone Tracker. With only 336,000 units shipping during this period, the market struggled to overcome customer concern generated by the forthcoming budget and general elections in 2023.
ST Telemedia Global Data Centres Philippines, a joint venture between Globe, Ayala Corporation and Singapore-based ST Telemedia Global Data Centres (STT GDC), announced the development of the Philippines' largest and most interconnected carrier-neutral data center.
The International Telecommunication Union (ITU) has issued a worldwide appeal to increase the value of pledges for digitalizing the world from the current US$30 billion to US$100 billion by 2026.
Minister François-Philippe Champagne arrived in Seoul on May 16th with the aim of strengthening Canada's leadership in the green economy. Through fruitful discussions and significant partnerships, he highlighted Canada's commitment to sustainable innovation and economic growth, particularly in enhancing supply chains for electric vehicles (EVs), hydrogen and critical minerals, as well as exploring opportunities in the EV battery ecosystem.
The fixed communications services market in Indonesia is expected to generate US$1.7 billion in revenue by 2027, growing at a compound annual growth rate (CAGR) of 7.6% from US$1.2 billion in 2022.
The Axiata Group of Malaysia has announced a reorganization plan. This would change the roles of its Indonesian subsidiaries in order to increase efficiency through better asset utilization.
From June 6–9, Singapore, Southeast Asia's growing powerhouse of technology and innovation, is hosting Asia Tech x Singapore (ATxSG), Asia’s flagship tech event where technology intersects with society and the digital economy.
The Minister of Post and Telecommunications for Cambodia, Chea Vandeth, recently revealed the country's plans for 2024. These will include an underwater cable that will run from Hong Kong to Sihanoukville and Phnom Penh.
In 2020 and 2021, the market for cyber insurance saw enormous growth, mostly as a result of sharply increased premiums. Insurers raised premiums as a result of the rise in the frequency and severity of cyberattacks as well as the widespread adoption of remote working following the epidemic. In light of this, a top data and analytics company, GlobalData, predicts that the worldwide cyber insurance market will increase from US$16.7 billion in direct written premiums (DWP) in 2022 to US$33.4 billion in 2027.
India’s smartphone market declined by 16% year on year in the first quarter, reaching 31 million smartphones, according to the International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker preliminary data. This marks the lowest first-quarter shipments in four years. Consumer demand remained sluggish amid uncertain macroeconomic conditions, and inventory levels were elevated because of high stocking in 2H22.
