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Asia is set to witness the highest refinery coking capacity additions among all regions during 2023 and 2027, contributing about 50% of the total global capacity additions by 2027, says GlobalData, a leading data, and analytics company. GlobalData’s latest report, ‘Refinery Coking Units Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including Details […]
Taiwan general insurance industry to surpass $11bn by 2027, forecasts GlobalData
The Taiwanese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 6.4% from TWD248.1 billion ($8.4 billion) in 2023 to TWD317.8 billion ($11.3 billion) in 2027 in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the general insurance industry […]
Asia to lead global vinyl chloride monomer capacity additions by 2027, says GlobalData
Asia is set to lead the global vinyl chloride monomer (VCM) industry capacity additions with a share of 84% by 2027, by gaining capacities from new-build and expansion projects between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Vinyl Chloride Monomer (VCM) Industry Installed Capacity and Capital Expenditure […]
Japan’s pay-TV service revenue growth to remain stagnant over 2022-2027, forecasts GlobalData
Pay-TV service revenue in Japan is forecast to see sluggish growth increasing from $6.1 billion in 2022 to $6.4 billion in 2027, registering a meagre compound annual growth rate (CAGR) of 1% as subscriptions continue to decline, especially for cable TV and direct-to-home (DTH) services, according to GlobalData, a leading data and analytics company. GlobalData’s […]
Power sector embraces tech innovations for transformer asset upgrades, says GlobalData
The integration of transformer assets in the power sector with technologies such as artificial intelligence (AI), digital twins, robotics, and 5G is facilitating advanced grid management, foresight-based maintenance, and heightened energy stability. These advancements promise a more secure and robust infrastructure, positioning the sector on the cusp of the fourth industrial revolution, says GlobalData, a […]
Gene expression tests will improve disease diagnosis, says GlobalData
Researchers from Imperial College London have developed a blood test to diagnose the cause of fevers in children. The test detects patient gene expression in their blood during a fever-causing inflammatory response to pinpoint the disease, which is coined as Personalised Molecular Signature Diagnosis (PMSD). The approach involving gene expression profiling will improve diagnosis workflows […]
Global company sentiment improved in Q2 2023 with high mentions for batteries and electric vehicles, reveals GlobalData
Aerospace, defense & security, automotive, and mining were among the industries that witnessed improved sentiment Middle East and Africa, and Asia Pacific trending with improved sentiment Themes with high mentions and favorable sentiment were batteries and electric vehicles Company Filings sentiment improved by 2% year-on-year (YoY) in the second quarter (Q2) of 2023. Innovation and […]
US Active Jobs Index dips 28% in July 2023, finds GlobalData
The US Active Jobs Index is showing a downward trend with a 28% decline month-on-month (MoM) in July 2023. The US Bureau of Labor Statistics’ (BLS) Job Openings and Labor Turnover Survey (JOLTS) also showed a downward trend in June 2023, observes GlobalData, a leading data and analytics company. Sherla Sriprada, Business Fundamentals Analyst at […]
China to spend $1.4 trillion over 2024-28 to equip PLA with advanced fleet, forecasts GlobalData
The growing US assistance to Taiwan, escalating territorial disputes with its neighbours in the South China Sea, and security alliances like QUAD and AUKUS formed by regional rivals have become a cause of concern for China. In line with the modernization plan of the People’s Liberation Army (PLA), the country’s defense expenditure is forecast to […]
Telehealth market poised to register growth as recovery from post-pandemic slump begins, says Globaldata
The impact of the COVID-19 pandemic has prompted a surge in telehealth development. Telehealth has provided valuable help in maintaining social distancing while allowing medical professionals and patients to interact with each other. When COVID-19 precautions started to lift in 2021, telehealth had a decrease in usage. Despite this recent slump, the telehealth market will […]
BlueJeans’ demise highlights Microsoft’s dominance in collaboration market and how rivals must fight it, says GlobalData
Verizon’s announcement to begin decommissioning its BlueJeans unified communications (UC) and conferencing platform happened in the same week that one-time pandemic ‘unicorn’ Hopin, once valued at over GBP7 billion, sold its digital events business for just GBP39 million. While the pandemic-induced UC gold rush has abated, growth is still good, but the big winner has […]
Card payments in India to surge to $337 billion in 2023, forecasts GlobalData
India has made remarkable progress in the adoption of non-cash payments in recent years, supported by the government’s push for digital payments and improvement in payments infrastructure. The card payments market in India is estimated to grow by 28.6% in 2023 to reach INR27.9 trillion ($337.1 billion), forecasts GlobalData, a leading data and analytics company. […]
Increased competition to bolster cryoablation catheters market, says GlobalData
Recent FDA approval for Boston Scientific’s new cryoablation system, named POLARx, is set to provide a new boost to the cryoablation segment of the ablation catheters market. In addition, the development is expected to result in increased competition in the segment, which was previously solely occupied by Medtronic and was worth $459.2 million in 2022 […]
US general insurance industry to surpass $3 trillion by 2027, forecasts GlobalData
The US general insurance industry is set to grow at a compound annual growth rate (CAGR) of 8.5% from $2.18 trillion in 2023 to $3.03 trillion in 2027, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the US general insurance industry is expected to […]
Industry backlash may reshape EU compulsory pharma licensing reform, says GlobalData
There was a substantial backlash from major pharmaceutical trade associations and companies to the European Commission’s (EC) feedback initiative on the introduction of a pan-European compulsory license, which would allow for the invalidation of existing drug patents across the European Union (EU) in emergency situations. This could lead to further revision of the proposal, says […]
North America will continue to dominate global LNG liquefaction capacity additions through 2027, says GlobalData
North America will continue to dominate the global liquefied natural gas (LNG) liquefaction capacity additions, contributing about 59% of the total capacity additions between 2023 and 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘LNG Liquefaction Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies and Projects […]
Sports sponsorship spend by insurance sector exceeds $1 billion in 2023, reveals GlobalData
Insurance has been a prominent spender across sponsorship industries in sports over the last few years but has been unable to match some of the higher-spending sectors. The major spending across insurance brands has come due to the number of deals that brands have, as opposed to huge sums for a deal. Spending amongst insurance […]
FWA technology’s share to grow to nearly 16% in US broadband services market in 2028, forecasts GlobalData
Fixed wireless access (FWA) technology for broadband internet continues to attract new users and is expected to more than double its subscription market share among US fixed broadband technologies, expanding from a 7.2% share in 2023 to 15.8% in 2028, according to GlobalData, a leading data and analytics company. GlobalData’s updated report, “United States Fixed […]
Top 50 APAC listed firms report modest growth of 4.7% in 2022 aggregate revenue, reveals GlobalData
China dominates the list with 28 companies PTT PCL, Indian Oil, and Power Construction Corp of China (PCCC) gained over 20% in revenue Financial services sector tops the list with 12 companies The Asia-Pacific (APAC) region experienced a resurgence in economic growth in 2022 as China regained its momentum following the relaxation of COVID-19 restrictions. […]
Generative AI disrupting every sector, but sports industry will have to wait, says GlobalData
Generative AI is disrupting every sector, but the sports industry will have to wait before reaping the benefits. There have been attempts at using generative AI to innovate in the sports sector, but none have yielded ground-breaking results, says GlobalData, a leading data and analytics company. GlobalData’s recent report, ‘Artificial Intelligence in Sports,’ reveals that […]