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The investments in construction for the Tokyo 2020 Olympics drove the compound annual growth rate (CAGR) of 7.0% in the Leisure and Hospitality and Outdoor Leisure construction sub-sectors between 2015 and 2019. However, despite the widely held estimates anticipating that the games would generate approximately JPY10 trillion (US$90bn) of construction investment, the impact of the […]
Qualcomm most mentioned company among influencer discussions during MWC2021, reveals GlobalData
Qualcomm Incorporated (Qualcomm) has emerged as the top mentioned company among the discussions of top influencers on Twitter during the Mobile World Congress 2021 (MWC2021), as the American tech giant unveiled ‘Snapdragon 888 Plus’, with improved artificial intelligence (AI) engine and industry’s first 3GPP Release 16 5G Open RAN platform. Smitarani Tripathy, Influencer Analyst at […]
Indian e-commerce industry set to grow by 141% through 2025, forecasts GlobalData
With the COVID-19 pandemic denting the consumer sentiment due to the imposed travel restrictions and lockdowns in India, the retail industry has been at the forefront of the economic disruption. As the business operations ceased completely, consumers increasingly are now preferring the online mode to purchase goods and services. Consequently, the Indian e-commerce (online retailing) […]
Kaseya attack highlights supply chain vulnerability to ransomware attacks, says GlobalData
Following the disclosure of a global ransomware cyberattack that compromised IT software supplier Kaseya, and which has now affected over a thousand companies; David Bicknell, principal analyst, Thematic Research at GlobalData, a leading data and analytics company, offers his view: “This extremely serious attack highlights the supply chain’s vulnerability to ransomware attacks. 2020 was a […]
Cyber insurance industry to exceed $20bn by 2025, says GlobalData
The global cyber insurance market was worth $7bn in gross written premiums (GWP) in 2020 and will reach $20.6bn by 2025, as the market will continue to thrive post-COVID-19, according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Cyber Insurance, 2021 Update – Thematic Research’, reveals that cybersecurity was thrust into the spotlight […]
TotalEnergies looks to oil growth amid conflicting energy transformation strategy, says GlobalData
Total SE of old has recently gone through a rebranding to become TotalEnergies by an almost unanimous decision by shareholders. This rebranding is in the hopes that the company can pull itself away from the traditional business practices which focused on oil and gas developments and become more of an all-encompassing energy company. However, the company, unlike its peers, is forecast to see a material growth in […]
Prepare for the great network switch-off, says GlobalData
Openreach, BT’s infrastructure division, is encouraging UK enterprises to plan for life after its analogue network will be switched off in 2025. With old mobile networks also set to be switched off at around the same time, it is time for the UK plc to plan ahead. Robert Pritchard, Senior Analyst at GlobalData, a leading […]
Crypto sponsorship exploding within the sport industry as brands spending over $107m in H1 2021, according to GlobalData
49 new sponsorship contracts have been agreed by crypto brands and sports industry rights holders in 2021, with these deals estimated to be worth over $107 million a year. Lucrative partnerships have seen the sponsorship value of cryptocurrency brands in 2021 grow nearly ninefold, with new agreements in 2020 worth just over $12m compared to […]
Card payments in Hungary to grow by 13.3% in 2021, says GlobalData
Hungary’s card payments market, which has registered sustained growth for the past few years, is set to increase by 13.3% in 2021, according to GlobalData, a leading data and analytics company. Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “Although Hungary is traditionally a cash-dominated society, payment cards are gaining popularity at the […]
GlobalData predicts future artificial intelligence unicorns
Artificial intelligence (AI) startups are ushering in a new era of technology driven by innovations and grabbing the attention of investors worldwide. Against this backdrop, the Unicorn Prediction Model of GlobalData, a leading data and analytics company, has identified the top 50 AI startups that are set to create a massive technological disruption and have […]
Africa leads global refinery VDU capacity additions by 2025, says GlobalData
Africa is expected to register the highest refinery vacuum distillation units (VDU) capacity additions globally during 2021 to 2025, contributing around 33% of the total capacity additions by 2025, says GlobalData, a leading data, and analytics company. The company’s report, ‘Global Refinery Vacuum Distillation Units (VDU) Outlook to 2025 – Capacity and Capital Expenditure Outlook […]
Olympic Games highlights global inequity in COVID-19 vaccination progress, says GlobalData
The 2020 Olympic Games in Tokyo will take place from July 23 to August 8, 2021, with a one-year delay due to the COVID-19 pandemic; however, it is unclear, yet, if the country and the world is ready for a global spectacle of that size, says GlobalData, a leading data and analytics company. Japan’s vaccination […]
Sales of long-acting immunosuppressants for non-infectious uveitis will quadruple to reach $357m by 2029, says GlobalData
Corticosteroids are typically the first line of therapy for most patients with uveitis as these drugs are very effective and have anti-inflammatory effects. However, as corticosteroids are associated with the development of cataracts and changes in intraocular pressures, it is becoming increasingly common for other immunosuppressants such as antimetabolites and calcineurin inhibitors to be prescribed […]
Higher investment needed for Bakken Shale to exhibit full recovery, says GlobalData
Bakken shale has experienced a constant decline since production peaked in November 2019, according to analysis by GlobalData. The leading data and analytics company notes that a steady rise in capital allocation from leading oil and gas operators and infrastructural improvements would reboot production in this region. According to GlobalData’s latest report, ‘Bakken Shale in […]
Opportunities remain for drug developers to address unmet needs in cystic fibrosis therapeutics market, says GlobalData
Over the past decade, disease-modifying cystic fibrosis transmembrane conductance regulator (CFTR) modulators have transformed the treatment paradigm for CF, according to GlobalData, greatly improving the quality of life and longevity of patients. The leading data and analytics company notes that this drug class has grown rapidly since 2012 with up to four different agents. In […]
Insurers’ response to COVID-19 pandemic has damaged their reputation, finds GlobalData
A recent poll by GlobalData has revealed that the reputation of the insurance industry globally has taken a hit due to its response to the COVID-19 pandemic. The poll found that almost a third (29%) of respondents felt that their opinions on global insurers had substantially worsened because of the pandemic. A total of 41% […]
Governments must ensure global economic recovery is sustained amid rising inflation rates, says GlobalData
Economic recovery is picking up pace in major economies accompanied by rising prices as production units are struggling to keep pace with the ever-rising consumer demand. GlobalData, a leading data and analytics company, forecasts inflation rates will rise in the US (by 2.5%), UK (0.9%), Germany (2%), Russia (1.6%), Brazil (2.7%), and Canada (1.5%) in […]
‘Move on from COVID-19’: Distraction, digitalization and direct engagement will be the core strategy for Olympic 2021 marketing, says GlobalData
As we edge closer to the Olympic Games, leading data and analytics company GlobalData notes that brands will need to be creative with their Olympic marketing strategies, both finding topics that move away from talking about COVID-19 and towards areas that resonate with customers such as social responsibility, and using a digital strategy for increased […]
Facebook’s antitrust victory shows that new legislation is necessary to tackle digital monopolies, says GlobalData
Following the news that Facebook stock market value reached $1tn after it scored an antitrust victory; Laura Petrone, Senior Analyst in the Thematic Research team at GlobalData, a leading data and analytics company, offers her view: “The US judge’s decision is a big setback for the Federal Trade Commission (FTC) and antitrust regulators, but it […]
Hydrogen Forward is a Key Pillar of the Energy Transition, Powered by Decarbonization, says GlobalData
Hydrogen is gaining prominence as a critical component of the energy transition as significant policy support and government commitment to deep decarbonization are spurring investments in hydrogen. This momentum that has been built along the entire value chain is accelerating cost reduction in hydrogen production, transmission, distribution, retail, and end-applications, says GlobalData, a leading data […]