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Saudi Arabia’s general insurance industry is expected to grow at a compound annual growth rate (CAGR) of 6.2%, from SAR40.3 billion ($10.7 billion) in 2021 to SAR54.6 billion ($14.5 billion) in 2026 in terms of gross written premiums (GWP), according to GlobalData. The leading data and analytics company notes that growth will be driven by […]
Verizon’s Gizmo Watch 3 is an improvement over its previous kid’s smartwatch but offers no standout features from rivals, says GlobalData
Following Verizon’s announcement of its latest kid’s smartwatch iteration, the Verizon Gizmo Watch 3; Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “The Verizon Gizmo Watch 3’s security, privacy, and connectivity features will have parents and guardians opting for it over low-end Apple or Samsung smartwatches. “While the […]
Cell therapies could revolutionize treatment for multiple sclerosis patients, says GlobalData
While the treatment options for multiple sclerosis (MS) patients are growing each year with the approval of new agents, all of the currently marketed treatments only slow the disease progression and sometimes carry risks of severe side effects, such as liver failure or viral infections, says GlobalData. According to research by the leading data and […]
Micro-targeting demographics will disrupt the foodservice industry in the coming years, says GlobalData
Plagued by consecutive challenges over the last few years, from COVID-19 to rising inflation, understanding and micro-targeting key demographics is fast becoming a significant investment area for foodservice providers, especially regarding younger generations, writes GlobalData. As the leading data and analytics company notes, the influx of era-defining global developments has dramatically shifted consumer behavior; consumers […]
Congenital fibrinogen deficiency market will surpass $800 million across the 3MM by 2031, driven by demand for plasma-derived therapies, says GlobalData
The congenital fibrinogen deficiency (CFD) market is forecast to increase from $673 million in 2021 to over $800 million in 2031 at a compound annual growth rate (CAGR) of 1.7% across the three major markets (3MM*). Growth will be driven by the launch of improved human fibrinogen concentrate (HFC) products, the large market potential for HFC […]
Avaya’s new strategy may not lead it out of the woods, says GlobalData
Avaya’s new product strategy delivered by the recently installed CEO Alan Masarek offers little differentiation, compared to Masarek’s predecessor and other key competitors, says GlobalData, a leading data and analytics company. Gregg Willsky, Principal Analyst at GlobalData, comments: “Certain initiatives currently underway will yield greater clarity of purpose for customers and employees, and the company has […]
AT&T and BlackRock fiber partnership can alter the US broadband landscape, but successful execution will take time, says GlobalData
Following today’s news that AT&T and a unit of BlackRock will form a joint venture to operate a commercial fiber-optic platform, with AT&T as its first wholesale tenant; Tammy Parker, Principal Analyst at GlobalData, a leading data and analytics company, offers her view: “AT&T is pursuing a shrewd path to extend its fiber footprint nationwide without […]
Companies’ discussions around machine-to-machine have plateaued as machine-to-human mentions emerge, finds GlobalData
While machine-to-machine (M2M) technology has played an important part in companies’ discussions for several years, it appears that the focus is shifting towards machine-to-human (M2H) technology, finds GlobalData. According to the leading data and analytics company’s Company Filings Database, M2M discussions declined by 31% in 2022 compared to 2021. Connected cars, smart cities, smart streetlights, virtual […]
New and updated AI regulations will emerge in 2023 but will be ineffective unless unified, says GlobalData
Governments enacting new and updated regulations will be one of the top trends in AI for the next year, finds GlobalData. However, according to the leading data and analytics company, AI regulations will remain feeble without a unified global vision. The lack of unified global AI regulation will allow Big Tech to continue influencing AI policies in […]
Possible MDR extension could prevent medical devices from being taken off the market, says GlobalData
Following the news that the European Commission has proposed extending the Medical Devices Regulation (MDR), which came into effect in May 2021; Alexandra Murdoch, Medical Analyst at GlobalData, a leading data and analytics company, offers her view: “While this new update provides greater transparency regarding clinical evidence and device failures, with an emphasis on tracking […]
MoD digital transformation agreement set to nearly double Palantir’s UK public sector revenue, says GlobalData
With Palantir Technologies set to win its most valuable contract across the UK public sector, worth an expected £75 million over three years with the Ministry of Defence (MoD); Robert Stoneman, Service Director for Public Sector at GlobalData, a leading data and analytics company, offers his view: “Winning the £75 million MoD digital transformation contract […]
Brexit could be a major setback for Alzheimer’s disease drug development, says GlobalData
Despite the growing demand for novel therapeutics to treat Alzheimer’s disease, just one innovator drug has been approved in the last decade by the UK’s Medicines and Healthcare Products Regulatory Agency (MRHA), according to GlobalData’s Drugs Database. The leading data and analytics company notes that the high costs of research combined with the post-Brexit regulatory […]
Endometriosis market set to reach $2.72 billion across 7MM in 2030 driven by new gonadotropin-releasing hormone receptor antagonists, says GlobalData
As a result of new gonadotropin-releasing hormone (GnRH) receptor antagonists being introduced to the endometriosis market, its value is expected to increase from $1.05 billion in 2020 to $2.72 billion in 2030 across the seven major markets (7MM*) at a compound annual growth rate (CAGR) of 10%, according to GlobalData, a leading data and analytics company. Amy Murray, Healthcare […]
Carbon capture and storage will be instrumental in reducing global carbon emissions, says GlobalData
Carbon capture and storage (CCS) is an emission mitigation technology that will play a critical role in limiting global warming and will be instrumental in decarbonizing hard-to-replace industries, such as gas-fired power plants, says GlobalData. However, the leading data and analytics company notes that despite CCS supplementing renewable energy, hydrogen, and nuclear power in curbing global carbon […]
Global deal activity down by 11.4% YoY during January-November 2022, finds GlobalData
A total of 58,601 deals* were announced globally during January to November 2022, which is a decline of 11.4% over the 66,140 deals announced during the same period in 2021, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database revealed that all the deal types under coverage registered a decline. The […]
Medical device companies must ensure digitalization benefits are inclusive to all patients, says GlobalData
Medical device companies are leveraging digitalization to gain more market share in the rapidly growing, global healthcare market currently worth $8 trillion, according to GlobalData. The leading data and analytics company notes that while medical device companies reap the many benefits of digitalization, they need to ensure that these benefits are inclusive to all patients, […]
Strong uptake expected for AbbVie’s Vraylar in major depressive disorder market, says GlobalData
Following the news that AbbVie’s Vraylar (cariprazine) gained approval from the FDA for the adjunctive treatment of major depressive disorder (MDD) in adults; Pippa Salter, Senior Neurology Analyst at GlobalData, a leading data and analytics company, offers her view: “In the MDD market, there is a need for therapies that can treat patients who are inadequately responding […]
Global travel & tourism deal activity down by 3% YoY during January to November 2022, finds GlobalData
A total of 912 deals* were announced in global travel and tourism sector during January to November 2022, which is a decline of 3% over the 940 deals announced during the same period in the previous year, finds GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “A decline in […]
Jobs Recap November 2022: GlobalData’s active jobs index continues to decline across all sectors, as closures outweigh new job postings
GlobalData’s active jobs index for all sectors declined by 8.8% in November 2022, whereas job closures and postings dipped by 6% and 9%, while the job closures rate (13%) was higher than new job postings. Sherla Sriprada, Analyst at GlobalData comments: “Companies with higher job postings post-pandemic are currently suffering the most from the economic turmoil. […]
Cost of living crisis and trade wars are just some of the factors that are deglobalizing the sustainability agenda, says GlobalData
The war in Ukraine, the global cost of living crisis, and the rise of trade wars are deglobalizing the sustainability agenda, according to GlobalData, a leading data and analytics company. Robert Pritchard, Senior Analyst for Enterprise Technology and Services at GlobalData, said: “Compared with COP26, COP27 was a disappointment, but it must be viewed in […]