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The global travel and tourism sector saw the announcement of 793 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing deals) in Q1-Q3 2022, recording a 4.6% growth compared to 758 deals in Q1-Q3 2021. However, when considering the month-on-month trend, the sector witnessed a consistent decline in deal activity in recent months, […]
Australia e-commerce market to surpass $50 billion in 2022, estimates GlobalData
The Australian e-commerce market is estimated to register a growth of 13.0% to reach AUD69.0 billion ($50.2 billion) in 2022, as consumers increasingly shift from offline to online purchasing, says GlobalData, a leading data and analytics company. An analysis of GlobalData’s E-Commerce Analytics reveals that e-commerce sales in Australia will increase at a compound annual […]
Global deal activity down 7% in Q1-Q3 2022 due to volatile market conditions, finds GlobalData
With volatile market conditions taking a toll on deal-making sentiments, global deal activity was down 7% to a total of 50,115 deals (comprising mergers & acquisitions [M&A], private equity and venture financing deals) during Q1-Q3 2022, compared to the announcement of 53,885 deals during Q1-Q3 2021, reveals GlobalData, a leading data and analytics company. An […]
Singapore life insurance industry to grow by 13.3% in 2022, forecasts GlobalData
The Singaporean life insurance industry is estimated to grow by 13.3% in 2022, in terms of gross written premiums (GWP), despite the prevailing global economic woes and geopolitical tensions, says GlobalData, a leading data and analytics company. According to GlobalData’s Global Insurance Database, the life insurance GWP market in Singapore is forecast to grow at […]
Card payments in Indonesia to grow by 39.6% in 2022, forecasts GlobalData
The Indonesian card payments market will grow by 39.6% to reach IDR801.2 trillion ($56.3 billion) in 2022, supported by a rise in consumer spending driven by improving economic conditions, and a growing preference for electronic payments, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment Cards Analytics, the card payments market in […]
GlobalData revises down Australasia construction growth to a contraction of 2.8% in 2022
The Australasian construction activity slowed significantly in the first half of 2022, due to rising building material, energy and wage costs, and labour shortages. A sharp increase in borrowing costs has also disrupted construction works and the flow of new investment into the sector. As a result, GlobalData, a leading data and analytics company, has […]
India to lead styrene-butadiene rubber capacity additions in Asia through 2026, forecasts GlobalData
India is set to lead the styrene-butadiene rubber (SBR) capacity additions in Asia, contributing to about 98% of the region’s capacity additions in 2026, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Styrene-Butadiene-Rubber (SBR) Industry Installed Capacity and Capital Expenditure (CapEx) Market Forecast by Region and Countries including details of All Active […]
Japan foodservice sector to benefit from revival in tourist arrivals, says GlobalData
Japan has reopened its borders and lifted entry restrictions for international tourists starting from 11 October 2022, after a gap of 2.5 years, as the government plans to boost its economy. The reopening of borders and a weakening yen are expected to make the country an attractive travel destination. Against this backdrop, the Japanese foodservice […]
Rapidly growing M&A activity will propel metaverse market to record CAGR of 39.8% during 2022 to 2030, says GlobalData
The metaverse market will register a compound annual growth rate (CAGR) of 39.8% during the 2022-30 forecast period, driven by rapidly growing mergers and acquisitions (M&A) activity in the sector, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Metaverse Market Size, Share, Trends, Analysis and Forecasts, 2022-2030 reveals that M&A deals have […]
Taiwan life insurance industry to reach $135 billion in 2026, supported by foreign currency-denominated insurance, forecasts GlobalData
The Taiwanese life insurance industry will grow at a compound annual growth rate (CAGR) of 3.3% from TWD2.9 trillion ($106 billion) in 2021 to TWD3.5 trillion ($135 billion) in 2026, in terms of direct written premiums (DWP), supported by foreign currency-denominated insurance, and the establishment of internet-only life insurers, predicts GlobalData, a leading data and […]
Asia to dominate global styrene-butadiene rubber capacity additions through 2026, forecasts GlobalData
Asia is set to lead the global styrene-butadiene rubber (SBR) industry capacity additions with a share of 98%, driven by the addition of capacities from new-build and expansion projects between 2022 and 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report “Styrene-Butadiene-Rubber (SBR) Industry Installed Capacity and Capital Expenditure (CapEx) Market Forecast […]
Simpson Thacher & Bartlett and Kirkland & Ellis top M&A legal advisers for Q1-Q3 2022, finds GlobalData
Simpson Thacher & Bartlett and Kirkland & Ellis were the top mergers and acquisition (M&A) legal advisers by value and volume in Q1-Q3 2022, respectively, according to the latest Legal Advisers League Table by GlobalData. According to the leading data and analytics company’s Financial Deals Database, Simpson Thacher & Bartlett achieved its leading position by […]
Goldman Sachs and Rothschild & Co top M&A financial advisers for Q1-Q3 2022, finds GlobalData
Goldman Sachs and Rothschild & Co have emerged as the top mergers and acquisitions (M&A) financial advisers by value and volume for Q1-Q3 2022, respectively, according to the latest Financial Advisers League Table by GlobalData, a leading data and analytics company. Based on its Financial Deals Database, GlobalData reveals that Goldman Sachs achieved its leading […]
Singapore enterprises raise ICT budgets for 2022, driven by institutional support for digital economy, finds GlobalData survey
Encouraged by the government measures supporting growth in the digital economy along with continued efforts at digitalizing their own business operations, more than a third of enterprises in Singapore have significantly increased their ICT budgets in 2022 compared to 2021, reveals GlobalData, a leading data and analytics company. GlobalData’s Singapore enterprise ICT investment trends report, […]
Metaverse market to register CAGR of 39.8% to reach $996bn in 2030, forecasts GlobalData
The metaverse market will record a compound annual growth rate (CAGR) of 39.8% to reach $996 billion in 2030, as companies across the globe, including those in non-tech sectors, increasingly invest in the technology for better engagement with customers, brand awareness expansion, and identification of new revenue streams, says GlobalData, a leading data and analytics […]
Twitter Influencers cheer as US president pardons all convicted for marijuana possession, reveals GlobalData
US President Joe Biden announced key steps to mend the policy on marijuana on 6 October 2022, ahead of the midterm election. The announcement also includes pardoning thousands of those convicted of federal offenses on marijuana. Against this backdrop, a dramatic spike was noticed in Twitter Influencers’ conversations over ‘marijuana’, reveals the Social Media Analytics […]
Oil and gas industry to drive global drone market to $89.6 billion in 2030, forecasts GlobalData
The global drone market is set to grow from $13.7 billion in 2021 to $89.6 billion in 2030. The market share of commercial drones is expected to increase from 34% to 64% during the period, aided by significant adoption in the oil and gas industry, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest […]
Twitter Influencers suggest prioritizing US domestic oil production amid OPEC production cut, reveals GlobalData
The OPEC and Non-OPEC members (OPEC+) concluded to cut oil production by 2 million barrels per day in the last meeting on 5 October 2022. The production cut, which will be implemented from November 2022, is aimed at halting the oil price slide. However, the move has drawn a rebuke from the US, as the […]
Auceliciclib’s Phase II trial in Australia to test its potential to become ground-breaking therapy for glioblastoma, says GlobalData
Aucentra Therapeutics recently initiated a Phase II trial of auceliciclib in combination with temozolomide for recurrent or newly diagnosed glioblastoma patients in Australia. Auceliciclib is a CDK4/6 inhibitor and has proven its ability to overcome the blood-brain barrier (BBB) in preclinical models. Against this backdrop, auceliciclib could become a ground-breaking drug for glioblastoma if it […]
China wine market to surge by 11.5% CAGR over 2021–2026 as economic activity rebounds, says GlobalData
The Chinese wine market will grow from CNY268.6 billion ($42 billion) in 2021 to CNY462.4 billion ($72.2 billion) in 2026, registering a compound annual growth rate (CAGR) of 11.5%, as a rebound in economic and social activities will spur on-premise and off-premise wine sales, says GlobalData, a leading data and analytics company. GlobalData’s report, “China […]