Hari Gorla

Aerospace, Defense & Security

Stability in High North is Norway’s strategy of active defense, says GlobalData

Despite global economic downturn, Norway is expected to keep increasing its defense budget over the next five years, according to GlobalData. The leading data and analytics company notes that this is needed to ensure the stability of the High North, a shift from the country’s traditional focus on the Russian border. Vera Lin, Aerospace and […]

Banking

Card payments in Thailand to rebound from 2023, says GlobalData

Thailand is among the worst affected Southeast Asian countries by the COVID-19 pandemic. Payment card transactions value, which registered robust growth in the last few years, declined by 11.7% in 2020, as consumer spending declined. The decline is likely to continue in 2021 as well due to ‘third wave’. As a result, the country’s payment […]

Business Fundamentals

Tokyo is the top city worldwide in 2020 by count and aggregated revenue of public enterprises headquartered in 25 cities, says GlobalData

Tokyo has topped a ranking by GlobalData that listed the top 25 global cities worldwide. The leading data and analytics company compiled the ranking by assessing the 2020 GDP and aggregate revenues of more than 43,000 companies headquartered in around 5,400 cities. With an aggregate revenue of $4,877bn, Tokyo has been crowned king, beating the […]

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 […]

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 […]

Insurance

Dai-ichi consolidates dominant position in Australia with Westpac life insurance acquisition, says GlobalData

TAL Dai-ichi Life Australia, a wholly owned subsidiary of Japan-based Dai-ichi Life Holdings, has recently signed a binding share sale agreement to acquire Westpac Banking Corp’s life insurance business in Australia for AUD900m (US$660m). The agreement will allow TAL to strengthen its position as the largest life insurer in in Australia, says GlobalData, a leading […]

Disruptor

Tokyo 2020 Olympics inspires hi-tech advancements, says GlobalData

The Tokyo 2020 Olympics ended the way they began but left encouraging memories of technological advancements ranging from service robots to NFT marketplaces. While it has delivered all the pomp and show that is anticipated of the world’s premier sporting event, the event laid the pathway for the world to look at the new normal, […]

Business Fundamentals

Demand for automotive chips helps Toshiba recover from COVID-19 pandemic in Q1 FY2021, says GlobalData

Following the news that Toshiba reported a jump in net profit to JPY18bn (US$162.1m) for the first quarter ended 30 June 2021 (Q1 FY2021) compared to a net loss of JPY11.3bn (US$107m) in Q4 FY2020; Alisha Bajpai, Analyst at GlobalData, a leading data and analytics company, offers her views: “The return to profitability, which reflects […]

Medical Devices

South Korea minimally invasive spinal devices market to witness 11% growth through 2025, forecasts GlobalData

The minimally invasive spinal (MIS) devices market in South Korea is expected to grow at a compound annual growth rate (CAGR) of about 11% between 2020 and 2025, driven by the increase in the aging population with orthopedic problems, forecasts GlobalData, a leading data and analytics company. As COVID-19 cases subside and vaccination continues, the […]

Oil & Gas

Asia to spearhead global refinery alkylation capacity additions by 2025, says GlobalData

Asia is expected to register the highest refinery alkylation capacity additions globally between 2021 and 2025, contributing about 61% of the total capacity additions by 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Global Refinery Alkylation Units Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and […]

Business Fundamentals

Benign inflation along with strengthening factory output to aid India’s economic recovery in 2021, says GlobalData

Following the release of the data on India’s Index of Industrial Production (IIP) for June 2021, in the backdrop of recovery of economic activities; Gargi Rao, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “Relaxation of COVID-19 restrictions, resumption of demand conditions and low base due to strict lockdowns […]

Pharma

Top biopharma companies could be affected by Brazilian drug patent suspension, says GlobalData

While the suspension of patent extensions in Brazil could lead to lower drug prices and cheaper generic drugs, this move may deter large biopharma companies from marketing innovative drugs in Brazil in the future, says GlobalData, a leading data and analytics company. Sharon Cartic, MSc, Associate Director for Drugs and Business Fundamentals at GlobalData, comments: […]

Automotive

Long overdue vehicle scrappage policy milestone step for Indian auto industry, says GlobalData

Following the news that India launched Voluntary Vehicle Fleet Modernisation Programme (vehicle scrappage policy); Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The average operational life of a passenger vehicle in India stands at more than 25 years. According to GlobalData’s Automotive Intelligence Center, there […]

Sport

Premier League teams will generate over $1.4bn in sponsorship revenue in the 2021/22 season, says GlobalData

Premier League clubs will generate in excess of $1.4bn from club partners and sponsors, according to GlobalData. The leading data and analytics company notes that clothing and kit deals are the largest driver of revenue, followed by deals with financial services companies and gambling and gaming firms, which highlight the growing influence of cryptocurrency firms […]

Aerospace, Defense & Security

German defense budget growth to -0.04% by 2026 despite pressure from NATO allies, says GlobalData

Germany’s defense budget growth is set to slow from 2022 in response to the pandemic to register a negative compound annual growth rate (CAGR) of -0.04% by 2026, says GlobalData. The leading data and analytics company notes that is will add to ongoing ill feeling among NATO members about levels of defense spending by the […]

Aerospace, Defense & Security

Sonar systems will dominate global underwater warfare systems market by 2031

The growing adoption of integrated sonar suites (ISS) on technologically advanced surface ships and submarines is expected to propel the sonar segment to garner the largest share (49%) of global spending on underwater warfare systems (UWS) over the next decade. The sonar segment is expected to reach US$3.1bn by 2031, growing at a compound annual […]

Pharma

NK cell therapies promising and potentially available off-the-shelf for hematological and solid tumor treatment, says GlobalData

Natural killer (NK) cell therapies have the potential to be an effective, off-the-shelf treatment for a wide range of cancers. Analysis of NK cell therapies, currently in development, reveals that 57% of these are allogeneic therapies, and although development in hematological indications is more advanced, there are a high number of therapies being investigated in […]

Travel & Tourism

Visiting friends and relatives will be a driving force behind travel’s recovery

A desire to reconnect with family and friends after a year of stringent lockdown measures due to COVID-19 is likely greater than a leisure getaway in 2021, and therefore its power should not be underestimated in travel’s recovery, says GlobalData, a leading data and analytics company. Johanna Bonhill-Smith, Travel & Tourism Analyst at GlobalData, comments: […]

Banking

Poland’s card payment market set to reach PLN920.9bn in 2025 as COVID-19 accelerates digital shift, says GlobalData

Poland’s card payment market, which has been on the rise for the past few years, registered a slowdown in 2020 with a growth rate of 9.9% due to COVID-19 as lockdowns reduced consumer and commercial spending, according to GlobalData. However, the leading data and analytics company notes that, with the gradual recovery in economic activities […]

Oil & Gas

Brazil leads global offshore crude and condensate production from upcoming projects in 2025

Brazil alone is expected to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations between 2021 to 2025, according to GlobalData, a leading data and analytics company. The company’s report, […]

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Stability in High North is Norway’s strategy of active defense, says GlobalData

Card payments in Thailand to rebound from 2023, says GlobalData

Tokyo is the top city worldwide in 2020 by count and aggregated revenue of public enterprises headquartered in 25 cities, says GlobalData

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

North American inbound tourism spend declined by 74.1% in 2020

Dai-ichi consolidates dominant position in Australia with Westpac life insurance acquisition, says GlobalData

Tokyo 2020 Olympics inspires hi-tech advancements, says GlobalData

Demand for automotive chips helps Toshiba recover from COVID-19 pandemic in Q1 FY2021, says GlobalData

South Korea minimally invasive spinal devices market to witness 11% growth through 2025, forecasts GlobalData

Asia to spearhead global refinery alkylation capacity additions by 2025, says GlobalData

Benign inflation along with strengthening factory output to aid India’s economic recovery in 2021, says GlobalData

Top biopharma companies could be affected by Brazilian drug patent suspension, says GlobalData

Long overdue vehicle scrappage policy milestone step for Indian auto industry, says GlobalData

Premier League teams will generate over $1.4bn in sponsorship revenue in the 2021/22 season, says GlobalData

German defense budget growth to -0.04% by 2026 despite pressure from NATO allies, says GlobalData

Sonar systems will dominate global underwater warfare systems market by 2031

NK cell therapies promising and potentially available off-the-shelf for hematological and solid tumor treatment, says GlobalData

Visiting friends and relatives will be a driving force behind travel’s recovery

Poland’s card payment market set to reach PLN920.9bn in 2025 as COVID-19 accelerates digital shift, says GlobalData

Brazil leads global offshore crude and condensate production from upcoming projects in 2025

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