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Banking

Card payments in Australia to rebound and grow by 8.3% in 2021, forecasts GlobalData

The Australian payment card market, which has been on the rise for the past few years, registered a slowdown in 2020 due to the COVID-19 pandemic with reduced consumer and commercial spending. However, the market is expected to rise by 8.3% in 2021, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Payment […]

Consumer

Second-hand gifts in the UK will see a boost this Christmas amid logistic disruptions, says GlobalData

A combination of logistic bottlenecks and a shortage of HGV drivers is set to disrupt toy supplies this Christmas, leading to potential price hikes and limited stock for consumers. After a challenging period—wherein 37% of Brits* reported that their budget has reduced in the last year—many may turn to second-hand toys in their Christmas stockings […]

Consumer

Personalisation and synergy are vital to future of brand sponsorship in sports

Sports affiliations make up a large proportion of marketing and advertising techniques in the modern world, which can both encourage a favorable brand image or emphasise outdated values in a fast-evolving industry, says GlobalData. The leading data and analytics company notes that it is important to recognise that synergy between brands and influencers – whether […]

Business Fundamentals

Global deal activity declined by 2.4% in July 2021, finds GlobalData

A total of 4,995 deals (comprising mergers & acquisitions [M&A], private equity, and venture financing deals) were announced globally during July 2021, which is a decline of 2.4% over 5,118 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database revealed that although […]

Automotive

Geely is a car company to watch, says GlobalData

Following the news that China’s Geely Group is targeting 3.65 million sales a year by 2025, David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Geely is a car company to watch. The largest privately owned automaker in China has struck a large number of tie-ups or partnerships with […]

Pharma

Novel diagnostic face masks that detect SARS-CoV-2 could offer enhanced method to detect and respond to Delta variant, says GlobalData

Following today’s news (18 August) that diagnostic face masks developed by the Massachusetts Institute of Technology (MIT) and Harvard University are about to be commercialized: Sultan Ahmed, Infectious Disease Analyst at GlobalData, a leading data and analytics company, offers his view: “GlobalData believes that the new diagnostic masks have the potential to create a large […]

Travel & Tourism

Alcoholic beverage sponsorships are worth $462.77m to European sports market

The alcoholic beverages industry is estimated to shell out $462.77m across 666 sponsorship deals with European sports properties. As alcoholic consumption is widely regarded as an important component of watching sport, sponsorship thus provides alcoholic beverage brands a direct route to reach and engage with their target audience and ultimately, drive sales growth, says GlobalData, […]

Banking

E-commerce market in South Korea to surpass US$242bn in 2025, says GlobalData

South Korea’s e-commerce market ranks among the most developed in the world and has been on a sustained growth for the past few years. Supported by the country’s robust technology infrastructure, which ensures the availability of high-speed Internet as well as a significant number of tech-savvy customers, the trend is forecast to continue over the […]

Automotive

Import duty reduction in India essential for Tesla to assess market potential, says GlobalData

Tesla had highlighted last month that a major blockade for sales in India is high import duties. Vehicle imports of all categories, including electric vehicles (EVs) attract 60% import duty for vehicles under US$40,000 and 100% for vehicles above it, which is highest in the world. Therefore, reduction of import duties is important for Tesla […]

Oil & Gas

China to spearhead Asia refinery hydrotreater capacity additions by 2025, says GlobalData

China is expected to register the highest refinery hydrotreater capacity additions in Asia between 2021 and 2025, contributing about 50% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Hydrotreater Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating […]

Pharma

COVID-19 booster doses will help protect against variants, but will drive global vaccination inequality, says GlobalData

Following the news that the US government is planning to recommend COVID-19 booster doses for all residents eight months after full vaccination; Philipp Rosenbaum, PhD, Senior Healthcare Analyst at GlobalData, a leading data and analytics company, offers his view: “Initial data from Pfizer/BioNTech, Moderna, AstraZeneca, and Novavax shows that a third dose of a COVID-19 […]

Business Fundamentals

Majority of top 20 APAC telecom operators report revenue growth in 2020, finds GlobalData

Of the top 20 telecom operators, 65% posted revenue growth Increase in 5G subscriptions to help garner higher data service revenue Increase in average revenue per user (ARPU), growth in the number of mobile subscribers coupled with higher data service usage enabled the top 20 telecom operators in Asia-Pacific (APAC) to report average growth in […]

Pharma

Takeda leads the way among Big Pharma players in microbiome-targeting treatments, says GlobalData

Takeda is currently developing multiple microbiome-targeting agents through a number of collaborations with innovative small companies. Its latest partnership with Finch Therapeutics to advance FIN-524, a microbiome-targeting drug candidate for the treatment of ulcerative colitis (UC), into clinical development under the new name TAK-524, demonstrates Takeda’s commitment to pursuing novel microbiome-targeting therapeutic approaches in the […]

Oil & Gas

Blockchain technology could be instrumental in cutting down oil and gas operational costs, says GlobalData

In light of the prevailing uncertainty in global energy demand, there is a heightened focus on cost reduction across all functions in the oil and gas industry. Leading players are seeking to simplify transaction processing using blockchain to boost operational efficiency and minimize compliance issues, says GlobalData, a leading data and analytics company. According to […]

Strategic Intelligence

Metaverse: GlobalData urges developers of the metaverse to factor in data privacy from the beginning

Many tech giants have put their hat in the ring and invested billions into developing the metaverse, a virtual world where users share experiences and interact in real-time within simulated scenarios. As more and more applications are found for this technology, there will be a profound risk to users’ personal data: biometrics, location, audio, visual […]

Retail

Summer and winter wardrobes could be a thing of the past, says GlobalData

In an ever-pressing need for the fashion industry to become more sustainable, getting rid of the seasonal wardrobe is a likely next step, says GlobalData. The leading data and analytics company notes that a seasonal fashion calendar is outdated and shifting to a seasonless calendar can present a real opportunity for local clothes makers. However, its success is entirely dependent on greater trust and better communication between clothes suppliers and buyers. Hannah Abdulla, Apparel Correspondent at GlobalData, comments: “The seasonal fashion calendar has fast become redundant as the fashion landscape evolves. People are travelling […]

Aerospace, Defense & Security

Ultra Electronics’ purchase further diminishes UK defense market, says GlobalData

Following the news that Ultra Electronics has agreed a £2.6bn takeover by US owned Cobham; Madeline Wild, Associate Defense Analyst at GlobalData, a leading data and analytics company, comments: “The purchase of Ultra Electronics by US-owned Cobham will leave many questioning the current position of the UK defense market, alongside ongoing concerns related to the […]

Medical Devices

APAC assisted reproductive technology devices market to register 4.5% CAGR through 2030, forecasts GlobalData

The Asia-Pacific (APAC) assisted reproductive technology (ART) devices market is forecast to grow at a compound annual growth rate (CAGR) of 4.5% and retain its leading position globally through 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Assisted Reproductive Technology Devices (General Surgery) – Global Market Analysis and Forecast Model […]

Travel & Tourism

North American inbound tourism spend declined by 74.1% in 2020

Destinations across North America (USA, Mexico and Canada) are at different stages of tourism development. However, one common factor is that the effects of the COVID-19 pandemic in 2020 have been hard felt for each respective tourism economy, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Tourism Destination Market Insight: North America […]

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Card payments in Australia to rebound and grow by 8.3% in 2021, forecasts GlobalData

Second-hand gifts in the UK will see a boost this Christmas amid logistic disruptions, says GlobalData

Personalisation and synergy are vital to future of brand sponsorship in sports

Global deal activity declined by 2.4% in July 2021, finds GlobalData

Geely is a car company to watch, says GlobalData

Novel diagnostic face masks that detect SARS-CoV-2 could offer enhanced method to detect and respond to Delta variant, says GlobalData

Alcoholic beverage sponsorships are worth $462.77m to European sports market

E-commerce market in South Korea to surpass US$242bn in 2025, says GlobalData

Import duty reduction in India essential for Tesla to assess market potential, says GlobalData

China to spearhead Asia refinery hydrotreater capacity additions by 2025, says GlobalData

COVID-19 booster doses will help protect against variants, but will drive global vaccination inequality, says GlobalData

Majority of top 20 APAC telecom operators report revenue growth in 2020, finds GlobalData

Takeda leads the way among Big Pharma players in microbiome-targeting treatments, says GlobalData

Blockchain technology could be instrumental in cutting down oil and gas operational costs, says GlobalData

Metaverse: GlobalData urges developers of the metaverse to factor in data privacy from the beginning

Summer and winter wardrobes could be a thing of the past, says GlobalData

Ultra Electronics’ purchase further diminishes UK defense market, says GlobalData

APAC assisted reproductive technology devices market to register 4.5% CAGR through 2030, forecasts GlobalData

North American inbound tourism spend declined by 74.1% in 2020

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