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The advent of technology is fostering a change in the travel and tourism industry regarding how companies interact with customers. Consequently, travel companies are adopting various technologies to improve operational efficiencies and meet customers’ expectations, according to leading data and analytics company, GlobalData. The company’s report ‘Technology Trends in Travel & Tourism’, found that travel […]
Pharma firms ramp up investment in security products to secure critical data, finds GlobalData
Pharmaceutical companies require efficient technologies such as Internet of Things (IoT), cloud computing, artificial intelligence and big data to manage information that is vital to the development and production of successful drugs. As a result, pharmaceutical firms are increasing their investment on various security products to prevent breaches, protect patient data and secure sensitive information, […]
Economic growth and consumer confidence shape future of Filipino food and grocery sector, says GlobalData
The Philippines is among the fastest-growing economies within the Southeast Asian countries. As such, the retail industry is forecast to witness a healthy compound annual growth rate (CAGR) of 8.2% during 2016-2021, one of the highest in the Asia-Pacific region, according to leading data and analytics company GlobalData. Food and grocery sector is the largest […]
Deploying the right technologies is essential for retailers to survive, says GlobalData
Technology has become a strategic imperative for all sectors and retail is not an exception. As retailers across the world scramble to lure customers and improve operational efficiencies, deploying the right digital technologies is essential for differentiation and survival, according to leading data and analytics company, GlobalData. The company’s report ‘Technology Trends in Retail, 2018’ […]
Therapeutic application of mAbs will increase in near future, says GlobalData
Ever since the first commercial monoclonal antibodies (mAbs) was approved in 1986 for human therapeutic purposes, mAbs have been increasingly used in several areas of healthcare. According to GlobalData, a leading data and analytics company, the total number of clinical trials involving mAbs witnessed a robust 115% growth between 2007 and 2016. The company’s Clinical […]
Online stores continue to drive e-cigarette demand in India
The e-cigarette (e-cig) industry has been increasingly viewed as one of the most disruptive changes in the global tobacco market and this is no different for India. India’s e-cig market is poised to grow at a compound annual growth rate of 34% from INR4.1bn in 2017 to reach INR7.4bn in 2019. This tremendous growth is […]
APAC to remain as the largest skincare market through 2022
Asia-Pacific (APAC) region will continue to be the largest skincare market through 2022 and is forecast to reach US$90.9 billion, according to leading data and analytics company GlobalData. The company in its latest report, Opportunities in the Asia-Pacific Skincare Sector, forecasts that APAC region, which accounted for a 57.5% value share of the global haircare […]
Australia’s foodservice profit sector to surpass AUD$80bn by 2021, says GlobalData
Buoyed by high levels of urbanization and increasing disposable incomes, Australia’s foodservice profit sector is expected to grow at a compound annual growth rate (CAGR) of 2.6% and reach a market value of AUD$80.8bn over the period 2016-2021, according to leading data and analytics company GlobalData. Australia’s strong economy has made foodservice market an attractive […]
Mobile wallet is gradually displacing cash in India, says GlobalData
The mobile wallet market in India is poised for significant growth as Indian consumers are increasingly turning away from cash and card, says leading data and analytics company GlobalData. According to the 2017 Consumer Payments Insight Survey by the company, India is one of the top markets globally in terms of mobile wallet adoption with […]
Internet and tech giants, not banks, are the darlings of Fintech experts, says GlobalData
In Q4, 2017, Google has emerged as the most frequently mentioned company amongst key FinTech influencers in all but one key category, according to GlobalData, a leading data and analytics company. According to GlobalData’s Fintech Influencer platform, which tracks and categorises all content shared by the most influential FinTech thought leaders each day on Twitter, […]
Asia-Pacific presents growth opportunities for UnionPay, says GlobalData
China UnionPay (UnionPay), which has been depending on card acceptance for international expansion, has shifted its strategy towards card issuance outside its domestic market. Against this backdrop, Asia-Pacific region presents UnionPay a lot of opportunities for future growth, says leading data and analytics company . According to data from UnionPay, the Chinese financial services company […]
Australian smoking tobacco market to grow in short term despite tax hikes
Since 2014, the popularity of smoking tobacco has been growing in Australia with legal per capita consumption increasing to 90.8g in 2017. In addition to this, there is a considerable amount of “chop-chop” or illegal loose tobacco available to consumers, according to leading data and analytics company GlobalData. Smoking tobacco, which includes product segments such […]
Australia’s NPP opens road for QR payment, says GlobalData
Australia’s recently launched real-time instant payment platform–New Payments Platform (NPP)– will open up new opportunities for fintech startups to develop solutions utilizing the NPP network, says leading data and analytics company GlobalData. While there may be many payment solutions that can work with the NPP platform, one payment system that would have a great potential […]
Systems integration contracts dominate IT services deals in India, says GlobalData
System integration contracts now dominate the IT services landscape in India following steady growth in recent years, according to leading data and analytics company GlobalData. The company’s ‘IT Services Contracts Database’ reveals that this type of contract accounted for nearly half (48%) of the all IT services deals in the country during 2017.
Consumer-centric businesses rule VC funding, but are they making money? asks GlobalData
The consumer oriented businesses are ruling the roost in venture capital (VC) funding circles, with all the top five companies in the VC funding list being consumer focused. However, their profit making ability remains a question, according to GlobalData a leading data and analytics company. China and the US have emerged as the leading global […]
Enterprises are evolving their cyber security needs to combat increasingly sophisticated threats, says GlobalData
While digital transformation has become necessary for survival, adopting new technologies such as IoT and cloud presents new challenges related to collaboration and security for organizations, according to GlobalData, a leading data and analytics company. The company’s latest report: ‘Strategic Focus Report: Enterprise IT Security’ states that the need to implement a common IT language […]
APAC to surpass Americas to become largest haircare market by 2022, says GlobalData
Asia-Pacific (APAC) region is set to surpass Americas to become the largest haircare market by 2022 holding a value of US$32.8 billion, according to leading data and analytics company GlobalData. The company in its report, Opportunities in the Asia-Pacific Haircare Sector, forecasts that APAC region, which accounted for a 35.2% value share of the global […]
Majority of healthcare providers beef up security architecture to protect patients’ data
Healthcare providers across the globe are ramping up their investments in security architecture to reduce the risk of cyber-attacks and protect their patients’ data, according to GlobalData, a leading data and analytics company. The recent Mirai attack targeting Internet of Things (IoT) devices along with cyber-attacks like WannaCry ransomware and NotPetya ransomworm give an indication […]
Majority of oncology clinical trials in China failed to meet enrolment targets
The majority of oncology clinical trials in China that had a start date between 1 January 2012 and 31 December 2017 failed to meet the planned enrolment targets, according to GlobalData, a leading data and analytics company. The company identified and analyzed enrollment efficiencies of 324 clinical trials during the period and found that on […]
60% of the worlds megacities will be located in Asia by 2025, says GlobalData
A better lifestyle, riding on the promise of wealth creation through new job opportunities, has led to the expansion of cities’ borders to create megacities (defined as a population of over 10 million people) around the world, according to GlobalData a leading data and analytics company. The company’s City Economics Database reveals that close to […]