Technology

BCA reigns as Southeast Asia’s most valuable brand

Published

5 months ago

July 26, 2024

Indonesia’s IM3 and BNI enter 2024 Kantar BrandZ Southeast Asia Top 30 for the first timeFastest growth achieved by BRI and AIS, both worth 30% more than in 2023 High performing banks and telcos strengthen consumer connections with digital capabilities

SINGAPORE, July 26, 2024 /PRNewswire/ — The Indonesian banking giant Bank Central Asia (BCA) has cemented its leadership at the top of the second annual Kantar BrandZ Top 30 Most Valuable Southeast Asian Brands ranking. The brand is now worth US$28.3 billion – a 21% value increase in just one year. BCA owes its success to effectively activating its strong consumer connections and reinforcing its difference. It continually grows its customer base by expanding its digital banking and ecommerce services, and developing new features and benefits. Another Indonesian bank, BRI, has overtaken Singapore’s DBS to claim the silver-medal position, and Thai telecom provider AIS climbs one place to fourth.

Kantar BrandZ Top 10 Most Valuable Southeast Asian Brands 2024

Rank 2024

Brand

Category

Brand value 2024
(US$M)

YoY change (%)

BCA

Financial Services

28,267

21 %

BRI

Financial Services

11,258

30 %

DBS

Financial Services

11,086

-6 %

AIS

Telecom Providers

8,843

30 %

Mandiri

Financial Services

8,344

26 %

UOB

Financial Services

6,597

-8 %

Shopee

Retail

4,832

5 %

Telkomsel

Telecom Providers

4,597

-1 %

Marina Bay Sands

Travel Services

4,412

0 %

True

Telecom Providers

3,706

18 %

The total brand value of the Top 30 – which covers Vietnam, Thailand, Indonesia, Malaysia, the Philippines, and Singapore – is US$131.3 billion, an increase of 10% year-on-year. Nineteen of the brands are worth more than they were in 2023. The fastest growth comes from emerging markets, with Thai brands increasing their value the most, followed by Vietnam and Indonesia. Meanwhile the largest share of brand value is contributed by Indonesia (46%), followed by Singapore (32%) and Thailand (11%).

IM3 and BNI make their debuts

There are two new entrants in the Top 30 this year, both from Indonesia. Telecom provider IM3 joins the ranking at No.28, while BNI (Bank Negara Indonesia) enters at No.30. IM3 ($1.4bn) provides convenience by delivering consistency of 4G coverage across the country’s 17,500 islands and offers flexible packages to meet varied needs. BNI ($1.4bn) has strongly supported the nation’s economic development and delivers convenience through friction-free digital services and open banking.

Services and infrastructure brands dominate

The Top 30 come from a wide range of categories, spanning food, banking and beer, but Financial Services (+15%) and Telecom Providers (+14%) captured the most growth over the past year. These sectors lead the region’s digital transformation with the pursuit of new technologies to provide better and broader next-generation services. Financial Services brands account for 12 of the Top 30, and for 60% of its total brand value. Nine telecom providers account for 22% of the total value, while three retail brands contribute 7%.

BRI and AIS are the fastest risers

Financial Services brands BRI and AIS have both gained the most value during the last year, up 30%, followed by Maybank (No.22; $1.9bn; +27%); Mandiri (No.5; $8.3bn; +26%) and Digi (No.25; $1.6bn; +25%). For a long time, BRI has demonstrated its commitment to improving the lives of Indonesians by providing widespread, easy access to financial services, particularly in remote areas. Its BRImo mobile banking super-app drives financial inclusivity, digital literacy and an outstanding customer experience nationwide.

Katie McClintock, Executive Managing Director, Southeast Asia at Kantar, says: “Southeast Asia is becoming the world’s fastest growing economy, underpinned by a developing digital infrastructure and increasing household incomes. These twin trends give consumers more flexibility in the goods and services they choose, and they’re reprioritising what were once ‘wants’ as ‘needs’. Great brands focus on what sets them apart. They focus on how they make consumers’ lives better – meaningfully – and then communicate that with clarity, consistency, and creativity. The brands that achieve this have a powerful opportunity to grow in their home markets and across the globe.”

Other trends from the 2024 Kantar BrandZ Top 30 Most Valuable Southeast Asian Brands analysis include:

Most brands in Southeast Asia’s Top 30 are seen by consumers to be worth the price they pay, compared to 66% for all brands in the regionIndomie (No.15; $2.4bn) has remained the most Meaningful brand by remaining relevant, and innovating to keep up with consumer preferences, while staying true to its roots. It launched a premium collection of Japanese Ramen flavours in 2023, supported by pop-up tasting stallsOverseas markets present a huge untapped opportunity for Southeast Asian brands to find new space and continue growth. Overseas trade activity of the Top 30 currently sits as 16%, versus 49% for Japan’s Top 3093% of the Southeast Asia’s Top 30 brands have potent levels of Meaningful Difference – and those which strengthened it grew in value at more than double the rate of their peers. This demonstrates how value derives from the ability to meet people’s needs and stand out from the crowdGrowth is 10% higher when brands invest in all three key value accelerators, than if they only invest in two. There are three key catalysts for developing brand value, defined by Kantar’s Blueprint for Brand Growth: predisposing more people to choose the brand, being more present where consumers make purchase decisions, and finding new space into which they can grow. Southeast Asia’s top brands are strong in all three areas.

The Kantar BrandZ Most Valuable Southeast Asian Brands ranking, report and extensive analysis are now available here.

For a quick read on a brand’s performance compared to competitors in a specific category, Kantar’s free interactive tool, BrandSnapshot powered by BrandZ, provides intelligence on 14,000 brands. Find out more here.

About Kantar BrandZ: Kantar BrandZ is the global currency when assessing brand value, quantifying the contribution of brands to business’ financial performance. Kantar’s annual global and local brand valuation rankings combine rigorously analysed financial data, with extensive brand equity research. Since 1998, BrandZ has shared brand-building insights with business leaders based on interviews with 4.3 million consumers, for 21,000 brands in 54 markets. Discover more about Kantar BrandZ here.

The Kantar BrandZ Top 30 Most Valuable Southeast Asian Brands Report 2024 includes the most definitive and robust ranking of the region’s brands available. The ranking draws on opinions of more than 98,000 respondents on 1800 brands across 70 categories and the brands ranked must meet these eligibility criteria:

The brand must have originated in Indonesia, Malaysia, Philippines, Singapore, Thailand or VietnamThe brand must be owned by a listed companyThe scope of the ranking is limited to consumer-facing brands.

About Kantar: Kantar is the world’s leading marketing data and analytics business and an indispensable brand partner to the world’s top companies. We combine the most meaningful attitudinal and behavioural data with deep expertise and advanced analytics to uncover how people think and act. We help clients understand what has happened and why and how to shape the marketing strategies that shape their future.

View original content:https://www.prnewswire.com/apac/news-releases/bca-reigns-as-southeast-asias-most-valuable-brand-302197930.html

SOURCE Kantar

Technology

Quest to Revolutionize Guest Journey Drives $72 Billion Revenue for Biometric Digital Identity in Travel and Hospitality

Published

3 minutes ago

January 1, 2025

The Prism Project’s research evaluating 130+ market players signals a paradigm shift in how identity verification, payments, and access are managed from Couch-to-Destination.

DENVER, Jan. 1, 2025 /PRNewswire-PRWeb/ — The Prism Project’s Biometric Digital Identity Travel and Hospitality Prism Report, published by Acuity Market Intelligence, presents proprietary market analysis, including evaluations of more than 130 vendors and organizations operating in and supporting the global digital identity ecosystem, and market forecasts projecting $72 billion in global revenue from 2024 through 2028. A 92% revenue CAGR propelled by 263 billion biometric-enabled transactions reflects a travel and hospitality industry on the brink of a guest journey revolution. A revolution driven by a vision of travel and hospitality that puts human identity at the center as biometrics redefine how we travel, stay, and play.

Designed to illuminate the rapidly evolving landscape of biometric digital identity in travel and hospitality, this report is a valuable resource for industry stakeholders and technology innovators. It empowers influencers and decision-makers to understand, evaluate, and implement biometric digital identity technologies. The report delivers actionable insights into how biometrics can be leveraged to address critical challenges in travel and hospitality, from fraud prevention and automation to enhancing guest experiences and meeting regulatory requirements.

Transformative Impact of Biometrics

“While air travel continues to maintain sector dominance, biometric digital identity is on course to revolutionize the travel and hospitality industry far beyond the airport,” said Maxine Most, founder of The Prism Project and Acuity Market Intelligence and report author. “The explosive market growth reflects how biometrics are transforming the entire guest journey, uniting historically siloed touchpoints across booking, transit, accommodations, and entertainment while improving security and combating fraud.”

The report assesses six key travel and hospitality sectors and evaluates five key regions.

Sector highlights:

Air Travel: Largest segment with 47% revenue market share.Hotels and Resorts: Significant contribution with 33% revenue market share.Casinos, Sports Venues, Theme Parks, and Conference Venues: The remaining 20% of the market.

Regional highlights:

APAC dominates with 29% of total revenue.Europe and North America each contribute 26% of total revenue.Emerging Regions LATAM and MEA have strong growth potential with a combined 19% revenue share.

Introducing the Couch-to-Destination Journey

The report introduces the Couch-to-Destination Journey framework. This framework illustrates how biometric solutions anchor a guest’s identity at the beginning of their journey, allowing every subsequent transaction to balance security, privacy, and user convenience while carrying forward the assurance that they are who they claim to be.

“The Couch-to-Destination Journey is envisioned as an uninterrupted corridor, threading together four historically distinct ecosystems—departure, arrival, local transport, and destination—via their common element: a guest empowered by biometric digital identity,” Most said. “The ideal couch-to-destination guest journey is not a complex web that a user must navigate as the cost of traveling or doing business; it’s a seamlessly integrated straight line maintained by the trust, security, and privacy of biometrics at the core.”

What’s Inside The Travel and Hospitality Prism Report

Holistic Insights: Travel and hospitality industry analysis framed around common challenges and biometric solutions.Market Forecasts: Original research predicting an impressive 92% CAGR with total market revenue reaching $72 billion by 2028.Prism Market Landscape Model: Travel and hospitality-specific version of the proprietary Biometric Digital Identity Prism market framework.Vendor Evaluations: Proprietary assessment methodology applied to more than 130 vendors and organizations operating in and supporting the global travel and hospitality digital identity ecosystem.Real-World Use Cases: Deployed solutions showcasing how biometric digital identity vendors are delivering enhanced guest experiences, improving efficiency, and increasing security at critical touchpoints.

Part of the 2024 Prism Reports Series

The Travel and Hospitality Prism Report is one of four Biometric Digital Identity Prism reports released by The Prism Project in 2024, alongside the Financial Services Prism Report, the Government Services Report, and the Flagship Prism Report.

Each report builds on the Biometric Digital Identity Prism, a proprietary market landscape framework that helps influencers and decision-makers understand, evaluate, and implement digital identity technologies and solutions. The Prism is the only truly biometric-centric market model for understanding and evaluating the global digital identity ecosystem. It is based on the foundational conviction that in the age of digital transformation, the only true, reliable link between humans and their digital data is biometrics.

Together, these reports provide in-depth analyses of biometric digital identity’s transformative potential across critical industries, addressing unique challenges and opportunities in each domain.

All reports are available for download after a brief registration at www.the-prism-project.com/reports.

The Role of Collaboration in a Transformative Era

The success of the Travel and Hospitality Prism Report is rooted in the collective commitment and forward-thinking contributions of its sponsors and partners, a who’s who of the global digital identity intelligentsia. These include:

Anonybit, AuthenticID, Aware, IDEMIA, Identity Week, ID Tech, iiDENTIFii, Incode, Innovatrics, Indicio, Inverid, iProov, Peak IDV, SITA, and Wicket.

These industry leaders are helping enterprises worldwide adopt consumer-centric biometric solutions that enhance the guest journey by streamlining access while fostering trust. Their dedication to innovation and service excellence aligns with The Prism Project’s vision for a secure, inclusive future where identity solutions empower businesses and consumers alike.

A Platform of Independence and Integrity

While sponsorship provides organizations with increased visibility and opportunities for profiles and case studies, The Prism Project maintains strict independence and unbiased assessments. Sponsorship does not influence vendor evaluations or rankings within the report, ensuring readers receive transparent and objective insights.

About The Prism Project – The Prism Project (www.the-prism-project.com) is at the forefront of biometric and digital identity research and education. Created by Acuity Market Intelligence, it bridges the gap between the identity technology intelligentsia and organizations seeking innovative solutions for digital transformation. Through industry collaboration and comprehensive research, The Prism Project empowers influencers and decision-makers to forge a secure, human-centric digital identity future.

About Acuity Market Intelligence – Acuity Market Intelligence (www.acuitymi.com) is a trusted research and strategic advisory firm specializing in biometrics, identity, and digital transformation. Known for actionable insights and proprietary market forecasts, Acuity helps organizations navigate the rapidly evolving digital identity landscape with confidence and clarity.

For further information, interviews, sponsor inquiries, or to download Prism reports, visit www.the-prism-project.com or contact info@the-prism-project.com.

Media Contact

Maxine Most, The Prism Project, 1 3034491897, info@the-prism-Project.com, www.the-prism-project.com

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SOURCE The Prism Project

Technology

Rovshan Rasulov, Founder and CEO of Rgand, Joins the Forbes Business Council

Published

2 hours ago

January 1, 2025

Rovshan Rasulov, Founder and CEO of Rgand, an expert in technological entrepreneurship specializing in building and strategically scaling trading and logistics platforms across industries, has been invited to join the Forbes Business Council, one of the world’s premier communities for business leaders.

MIAMI, Jan. 1, 2025 /PRNewswire-PRWeb/ — Rovshan Rasulov, Founder and CEO of Rgand, an expert in technological entrepreneurship specializing in building and strategically scaling trading and logistics platforms across industries, has been invited to join the Forbes Business Council, one of the world’s premier communities for business leaders.

“It’s a tremendous honor to join the Forbes Business Council,” said Rovshan Rasulov. “This recognition motivates me and my team to continue delivering cutting-edge solutions to our clients and driving innovation in the industry.”

Rovshan is widely recognized as the visionary behind the Rgand Marketplace, Sample Box Marathon, and Direct Trade Foundation, pioneering technologies that redefine sales strategies. In 2023, he was honored with an award for his groundbreaking innovations in sales technology.

The Forbes Council selection committee recognized Rovshan for his exceptional business achievements and his impactful contributions to the industry. His membership highlights his professionalism, leadership, and commitment to excellence throughout his career.

About Rgand

Rgand is an online wholesale marketplace that connects food producers directly with U.S. restaurants, eliminating middlemen such as wholesalers and distributors.

The platform offers services like Rgand Prime Fulfillment, which provides integrated warehousing and same-day fulfillment solutions for businesses on the Rgand Marketplace. The innovative Sample Box Marathon enables producers to streamline their entry into the restaurant industry supply chain by delivering curated sample boxes directly to potential buyers.

In September 2024, Rgand announced a $100 million accelerator program to support global suppliers entering the U.S. market.

About Forbes Councils

Forbes Councils is a collective of invitation-only communities that bring together exceptional business leaders, connecting them with the resources, insights, and networks needed to thrive and achieve their goals.

Media Contact

Rgand LLC, Rgand LLC, 1 (754) 226-6700, company@rgand.com, https://www.rgand.com/

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SOURCE Rgand LLC

Technology

Ushering 2025 in a New High: OneOdio Studio Max 1 Breakthrough and OpenRock X Forbidden City Edition at CES 2025

Published

5 hours ago

January 1, 2025

HONG KONG, Jan. 1, 2025 /PRNewswire/ — OneOdio, a professional DJ headphone brand with a decade of expertise, together with its dynamic sports sub-brand, OpenRock, is gearing up to dazzle attendees at CES 2025 (Jan. 7-10). Visit Booth #31106, South Hall 1, to explore how these two brands are setting a new standard for audio innovation, presenting their cutting-edge products to the world’s largest technology stage.

OneOdio and ShowStoppers at CES 2025

This year, OneOdio is taking its CES 2025 presence to new heights. In addition to showcasing its latest innovations at the booth, the brand will shine at the exclusive ShowStoppers event on January 7, 2025, from 6:00 PM to 10:00 PM PST at Booths #D07 & D09. This high-energy media reception connects top tech companies with over 1,000 leading journalists and industry influencers.

Introducing the Unmatched Studio Max 1: The Best of CES 2025

A centerpiece of OneOdio’s display at CES 2025 will be its latest flagship headphone, the Studio Max 1. Co-branded with Italian DJ Arianna, who has already performed with it in two major European events, this model redefines professional audio, with its most important features outlined below.

Rapid WiLL+ Connection Technology: Super 20ms ultra-low latency, seamless audio
LDAC & Dual Hi-Res Certification: Studio-grade sound, capturing every detail in high-resolution clarity.
4-in-1 Functionality: Switch between Wireless DJ, Bluetooth, Wired Monitoring, and Wired DJ modes for maximum versatility.

With other features like Dual-Mic ENC Noise Reduction and 120-hour battery life, Studio Max 1 keeps DJs fully focused on their performance, lasting for days without recharging. All of these advantages have been recognized by Gadgety Awards and AndroidHeadlines Technology Awards, with it earning the prestigious title of The Best of CES 2025, underscoring its exceptional innovation and performance in the audio technology world.

OpenRock X: Award-Winning Design with Sports in Mind

OpenRock X, OpenRock’s flagship model, was honored with the Good Design Award 2024, a prestigious accolade from Japan that has celebrated excellence in design since 1957. Its innovative adjustable ear-hook design ensures a secure, non-slip fit, making it the ideal companion for sports lovers.

Main Features of OpenRock X – Forbidden City Limited

Taking its innovations further, OpenRock has also presented the Forbidden City Limited version of the OpenRock X. This unique edition blends cultural artistry with superior engineering, making it a standout product in both aesthetics and performance. The version will be showed at CES 2025.

Join Us at CES 2025

Discover how OneOdio and OpenRock are setting new benchmarks in professional and sports audio at CES 2025. Follow us on Facebook and Instagram for the latest updates, and enjoy an exclusive 50% OFF CES discount (code: ATFCUG5N) on the Pro C in champagne gold on Amazon US from January 1–10. Plus, explore other premium audio gear with special CES discounts.

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SOURCE OneOdio