VC funding hits slump in APAC
The Asia Pacific venture capitalist market appears to be hitting a funding slump as the tech industry “recalibrates”.
The Asia Pacific venture capitalist market appears to be hitting a funding slump as the tech industry “recalibrates”.
Generative artificial intelligence is set to yield US$33 billion in global revenue within five years as the technology experiences rapid growth.
The global software and services sector created a total of US$431 billion in mergers and acquisitions (M&A) last year.
Deal activity in the first quarter of 2023 has dipped 26.5 per cent year-on-year across the Asia Pacific region, according to data and analytics firm GlobalData.
Amazon Web Services, IBM, Microsoft and Red Hat have all been named as leaders in the platform-as-a-service market, research firm GlobalData has claimed.
Cyber security merger and acquisition (M&A) deal activity was subdued in 2022 with decline more prominent in value terms.
The global cyber security market is set to reach US$334 billion in revenue by 2026, with the Asia Pacific region predicted to lead the way for growth.
Rapid broadband adoption has sparked an upsurge in fixed communications service revenue across Asia Pacific (APAC).
Enterprise service providers are struggling to grow beyond their established customer base as they scale in size, which is spurring them towards mergers and acquisitions (M&A).
Australian mobile service revenue is anticipated to reach US$11.2 billion ($15.6 billion) by 2026, mostly due to mobile data services.
Last year, the number of merger and acquisition (M&A) deals valued over US$1 billion rose by a staggering 62 per cent compared to 2020.
India's three biggest IT service providers have posted mammoth global revenue growth during 2021's third quarter, according to new analysis.
Telstra is forecast to hold onto its crown of having the most mobile services subscriptions from the end of the year through to 2026 due to its focus on 5G.
The growing demand for high performance computing is creating an emerging battleground between cloud services providers and other IT infrastructure providers, with both sides vying for market share.
The majority of the top 20 Asia Pacific tech companies bested the conditions created by the COVID-19 pandemic, with revenue up by over 5 per cent on average.