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Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in H2 2021 are located in shallow water, while ultra-deep water and deepwater acreage accounts for 24% and 19%, respectively, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2021 Global Bid Round Outlook […]
Competition for mass affluent individuals is fiercer than ever among providers as digital entrants make their mark, says GlobalData
As the historically paper-based wealth management industry undergoes a long-awaited digital transformation, mass affluent customers are now open to a wider range of providers managing their investments. Traditional players must step up their digital services or lose out on this underserved investor segment, says GlobalData, a leading data and analytics company. Sergel Woldemichael, Wealth Management […]
South Korea life insurers register 4.1% growth in 2020 first time since 2016, reveals GlobalData
The direct written premiums (DWP) for the top 10 insurers in the South Korean life insurance industry grew by 4.1% in 2020 after declining at a compound annual growth rate (CAGR) of 3.3% during 2015-19, finds GlobalData, a leading data and analytics company. Swarup Kumar Sahoo, Senior Insurance Analyst at GlobalData, comments: “A drop-in market […]
Fintech themes drive APAC banking and payments sector M&A deal value by 167% in Q2 2021, reveals GlobalData
The mergers and acquisition (M&A) activity in the Asia-Pacific (APAC) banking and payments sector witnessed a staggering 167% quarter-on-quarter growth to US$44bn in Q2 2021, primarily driven by fintech themes including digital payments, online payments, and robo-advice, according to GlobalData, a leading data and analytics company. Snigdha Parida, Senior Analyst in GlobalData’s Thematic Team, says: […]
Leading pharma companies entry into digital healthcare will bolster personalized care in India, says GlobalData
Since 2019, there has been an increase in the adoption of digital health technology in India, with collaborations between pharmaceutical companies, insurance companies, and digital health solution providers improving communication between patients and physicians, in turn improving the delivery of quality healthcare. This exciting space, which has attracted the likes of major Indian pharma companies, […]
No longer a tick-box: Credible and measurable ESG strategy for enterprise networking is absolutely necessary, says GlobalData
Following the release of the IPCC report; Robert Pritchard, Senior Analyst at GlobalData, offers his view: “All aspects of life are being affected by climate change – and that stretches to the provision of telecoms and networking services to enterprises. Corporate environmental, social and governance (ESG) strategies have become the next generation of corporate social […]
Tyson Foods saved by booming beef demand in restaurants, says GlobalData
Following today’s news (9 August) that Tyson Foods’ meat and poultry sales have increased from its last report; Khalid Peerbaccus, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “While COVID-19 impacted Tyson during 2020, it is experiencing a recovery thanks to the re-emerging restaurant industry and a strong desire among […]
China’s regulatory crackdown will send edtech investors India’s way, says GlobalData
Following the news that China’s VIPKid is to stop selling foreign-based tutoring to students in China; David Bicknell, Principal Analyst in the Thematic Team at GlobalData, a leading data and analytics company, offers his view: “The Chinese Government’s strict regulation of its fast-growing edtech sector has changed the market and will have lasting consequences for […]
Morocco, Kenya and Ghana to be the fastest-growing major economies in Africa in 2021, says GlobalData
Having witnessed its worst recession in half a century in 2020, Africa’s economy is forecast to grow at a healthy pace of 3.8% in 2021 driven by rising global demand as restrictions are eased, untapped market opportunities, a rebound in commodity prices and a rise in oil prices. Leading data and analytics company GlobalData notes […]
BioMarin’s Roctavian could transform the treatment landscape for severe hemophilia A, says GlobalData
BioMarin’s Roctavian can significantly reduce the treatment burden on patients with severe hemophilia A Key opinion leaders believe that Roctavian’s benefit could decline over time in hemophilia patients If Roctavian is approved, BioMarin is projected to have a market share of 30% by 2027 BioMarin recently presented positive one-year results regarding its GENEr8-1 Phase III […]
Wizz Air’s capacity ramp-up could bear fruit
Wizz Air’s bet on a European traffic rebound could pay dividends for the carrier. Low-cost flights are set to be in demand, and the ultra-low-cost carrier could be a European powerhouse this summer, says GlobalData, a leading data and analytics company. Wizz Air’s low fares will be in demand as it aims to operate at […]
Over 921 million hepatitis tests expected by 2030, says GlobalData
Worldwide over 600 million IVD tests for Hepatitis B and Hepatitis C screening are sold each year and this annual figure is expected to reach 921 million by 2030, according to GlobalData. The leading data and analytics company notes that the market is fuelled by an increasing number of tests performed on pregnant women, donors […]
Sub-Saharan Africa’s oil production aspirations could be scuppered by lack of investment and new projects, says GlobalData
Sub-Saharan African nations are keen to rebound and ramp up investment in the oil and gas sector after a difficult 2020. However, the largest producers in the region – Nigeria and Angola – are forecast to see declining crude oil and condensate production from 2021, and have a relatively small number of projects coming online […]
Foxconn aggressively carving out a niche in APAC EV industry, says GlobalData
The rapid growth of electric vehicles (EVs) has transformed the traditional automotive industry business due to the merging boundaries between automotive technology, electronics and information & communication technology. Over the past few years, technology companies, such as Foxconn have been aggressively trying to carve out a niche in the Asia-Pacific (APAC) automotive industry with their […]
Australia’s lockdowns set to weaken domestic travel recovery, says GlobalData
With Australia battling a rise in COVID-19 cases, domestic travel has reduced drastically. While Australia’s domestic recovery was strong in H1 2021, the reintroduction of lockdowns and state border closures will serve as a blow, and set to weaken and slow down the domestic travel recovery. Additionally, Qantas airline standing down its staff signals the […]
US plaque psoriasis patients to save around $20,000 a year as biologic patents run out, says GlobalData
The expiration of several biologic therapies for plaque psoriasis (PsO) this year gives these patients some hope for the arrival of more affordable treatment, according to GlobalData. The leading data and analytics company notes that the typical annual cost of biologic therapy in the US is greater than $50,000 per year – an intimidating figure […]
COVID-19 case spike could jeopardize UK domestic travel recovery this summer
Despite staycation demand in the UK being strong, the rise in COVID-19 infections and the requirement to self-isolate if ‘pinged’ could jeopardise summer plans, and tourism operators could miss out on much-needed revenue this summer, says GlobalData, a leading data and analytics company. According to a live GlobalData poll, domestic holidays are set to be […]
Renewable power capacity in Turkey to more than double by 2030, says GlobalData
Renewable power capacity* in Turkey is expected to increase from 19.07GW in 2020 to 49.31GW by 2030, growing at a remarkable compound annual growth rate (CAGR) of 10%, according to GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Turkey Power Market Outlook to 2030, Update 2021 – Market Trends, Regulations, and Competitive […]
Aggressive oil exploration needed in Colombia to avoid high imported gas prices and fracking, says GlobalData
Colombia needs to pursue a much more aggressive oil exploration strategy in order to avoid highly contested fracking activities or an increase in gas prices as a result of importing, according to GlobalData. The leading data and analytics company notes that the country has seen no large discoveries in the last five years, and its […]
Smart insulin pen innovations to drive the insulin delivery market to $26.8bn by 2030, says GlobalData
People with diabetes that do not have access to an insulin pump – or simply do not wish to use one – now have greater choice due to the emergence of new technologies such as smart insulin pens, caps and attachments, says GlobalData. The leading data and analytics company notes that these innovations improve diabetic […]