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The UK public sector technology market saw modest growth of just 1.8% in the 2021-22 financial year (FY), with a total spend of £20.1 billion, according to GlobalData’s latest market sizing for the UK public sector ICT market. The leading data and analytics company notes that the £355 million increase over FY 2020-21 is not […]
Apple’s second-generation HomePod is still too expensive and Siri too basic for it to shake up the smart home market, says GlobalData
Following Apple’s announcement of its second-generation HomePod smart speaker; Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “Apple’s second-generation HomePod offers no features that are not present in either the original HomePod or the HomePod Mini. Moreover, at $299, users will do well to avoid it, particularly during […]
Companies discussing ‘green technology’ in their filings increased by 5% in 2022, finds GlobalData
More than 2,400 companies discussed ‘green technology’ in their filings in 2022 amid climate change concerns and growing energy costs, according to GlobalData. The leading and data analytics company notes that this represents an increase of around 5% from 2021. Misa Singh, Analyst at GlobalData, comments: “Companies discussed a wide range of clean energy solutions, including photovoltaic […]
VC fundraising value down by 24.3% in the UK in 2022, reveals GlobalData
A total of 1,709 venture capital (VC) funding deals were announced in the UK during 2022 while the disclosed funding value of these deals stood at $23.5 billion. This is a 24.3% decline in VC funding value compared to the previous year while deal volume also fell by 8.8%, according to GlobalData, a leading data and […]
Manchester United would become INEOS’s crown jewel if bid is successful, says GlobalData
Following the news that Sir Jim Ratcliffe’s INEOS has entered the bidding race for Manchester United; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “As a boyhood Manchester United fan, Sir Jim Ratcliffe has stated his desire to own Manchester United on several occasions. With his […]
89bio’s pegozafermin has potential to become a major player in the dyslipidemia market, says GlobalData
89bio’s pegazofermin has potential to become one of the major players in the dyslipidemia space if it is successful in Phase III clinical trials, says GlobalData, a leading data and analytics company. The Food and Drug Administration (FDA) recently supported the advancement of pegozafermin into two Phase III clinical trials, the first due to launch […]
Leqembi’s prospects in the Alzheimer’s disease market remain uncertain despite its advantages over Aduhelm, says GlobalData
Eisai and Biogen’s anti-amyloid beta (Aβ) monoclonal antibody (mAb), Leqembi (lecanemab), recently gained approval from the Food and Drug Administration (FDA) under the accelerated approval pathway for the treatment of Alzheimer’s disease (AD) in patients with early AD. Achieving full approval will be crucial for Leqembi’s prospects as the US Centers for Medicare and Medicaid […]
Cybersecurity M&A activity was subdued in 2022 with decline more prominent in value terms, finds GlobalData
M&A deal value reached an all-time high in 2018, while 2021 was a record year in terms of deal volume Total M&A deal value also remained above $100 billion in 2021 but 2022 failed to sustain the momentum M&A deal volume was down by 14.6% in 2022 compared to 2021, while deal value fell by […]
Healthcare industry professionals’ optimism regarding pharma industry’s growth prospects is fading, finds GlobalData
The pharmaceutical industry is considered to be one of the most stable sectors even when pandemics, economic or geopolitical crises hit markets. However, even the pharmaceutical industry is not immune to the uncertainty in business conditions that 2023 may bring, finds GlobalData, a leading data and analytics company. A survey* taken from GlobalData’s report, ‘The State of the Biopharmaceutical Industry […]
Profitability of UK’s property insurance market in 2023 clouded by uncertainty due to increasing floods and storms, says GlobalData
Following the news that heavy rain could swamp some homes and businesses, as winds up to 60mph are expected to hit parts of the UK; Md. Shabbir Ansari, Senior Insurance Analyst at GlobalData, a leading data and analytics company, offers his view: “The UK is expected to experience severe flooding in February 2023, as predicted […]
GlobalData reveals its six telco consumer services, platforms and devices category predictions for 2023
If COVID-19 turned 2021 into a ‘difficult year’ for B2C telecommunications service providers, 2022 wasn’t much better. The unpredictable global geopolitical and economic backdrop, raging inflation, rising energy costs, and sharpened sustainability sensibilities make 2023 a challenging year to predict, says GlobalData. The leading data and analytics company’s latest report on what to expect in […]
Briumvi may struggle to make headway in crowded multiple sclerosis market, says GlobalData
The FDA’s recent approval of TG Therapeutics’ Briumvi (ublituximab) against relapsing forms of multiple sclerosis (MS) is welcome news for the company after suffering a major setback in 2022 when the FDA extended its review of Briumvi by three months. However, Briumvi is unlikely to appeal to patients who are already receiving Genentech’s Ocrevus or […]
Companies investing in key themes are taking the lead in the payments industry, says GlobalData
Disruptive solutions such as blockchain, artificial intelligence (AI) and cloud technology are creating new growth opportunities in the payments industry for companies that can capitalize on these trends. However, current economic market conditions such as inflation, high interest rate and cost of living will also present some challenges for the payments industry, especially for fintech […]
Genomics identified as the most impactful emerging pharmaceutical industry trend for 2023, according to GlobalData survey
Genomics will continue to play a significant role in helping to understand, prevent, and treat diseases throughout 2023. Coupled with continuous advancements in sequencing and data analyzing technologies, genomics holds the potential to enhance the speed of diagnosis and provide opportunities to personalize patient treatment approaches, says GlobalData, a leading data and analytics company. A survey […]
Saudi-backed PIF makes another sporting investment with WWE purchase, says GlobalData
Following the news that the Saudi Arabian Public Investment Fund (PIF) will buy professional wrestling company WWE; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “Saudi Arabia continues to target sporting entities as a means of diversifying its economy under the Vision 2030 strategy. Following the […]
Global deal activity falls 9.9% in 2022 as several headwinds make it a tough year, finds GlobalData
Deal volume slowed significantly in 2022 as several global headwinds disrupted deal-making activities. A total of 66,155 deals* were announced globally during 2022, which is a decline of 9.9% over the 73,447 deals announced during the previous year, finds GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Factors such as the […]
Travel & tourism deal activity down by 3.4% in 2022, reveals GlobalData
A total of 1,006 deals* were announced in the global travel and tourism sector during the 2022, which is a decline of 3.4% over the 1,041 deals announced during the previous year, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Geopolitical tensions and economic challenges seem to have impacted deal-making sentiments […]
Inflation, drug pricing and reimbursement constraints will have the biggest negative impact on biopharmaceutical industry in 2023, finds GlobalData
The biopharmaceutical industry has long been labelled as recession-proof, with stable demand for medicines and new treatment options acting as a protective barrier. Nevertheless, inflation, coupled with drug pricing and reimbursement constraints, will put high pressure on the biopharmaceutical industry’s growth prospects in 2023, says GlobalData, a leading data and analytics company. A survey by GlobalData*, […]
SEC vs. Ripple outcome will be 2023’s most crucial crypto-related event, predicts GlobalData
Cryptocurrencies had their worst year to date in 2022, with the crypto market cap dropping 63%—from $2.1 trillion on January 1, 2022, to $820 billion on January 4, 2023. This landslide is attributable to the Terra Luna crash, the demise of almost the entire crypto lending industry, and, most notably, the collapse of the world’s […]
UK car sector faces weak recovery in 2023, says GlobalData
Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that the UK new car market was down 2% at 1.61 million sales in 2022; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Major demand headwinds are building for UK households and […]