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Cruise industry plans to restart operations with vaccinated crew and guests in this summer as relaxation of travel restrictions and rollout of vaccines fuel hope after a year of closure due to the COVID-19 pandemic. MSC Cruises S.A. (MSC Cruises) was the top company among the influencer conversations on Twitter on Cruise Influencer Platform, followed […]
Bio-Thera golimumab biosimilar better positioned to get first to market advantage in China and Europe, says GlobalData
China’s Bio-Thera Solutions has recently initiated a Phase III trial of its proposed golimumab biosimilar BAT2506 in China and Eastern Europe. Against this backdrop, BAT2506 is the first subcutaneous golimumab biosimilar to enter a Phase III trial in multiple countries. It has the potential to be the first golimumab biosimilar to gain approval in China […]
Japanese packaging industry to reach 172.3 billon units in 2025, forecasts GlobalData
The packaging industry in Japan is forecast to reach 172.3 billion units in 2025, registering a compound annual growth rate (CAGR) of 0.7% during 2020-2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Japan Packaging Industry – Market Assessment, Key Trends and Opportunities to 2025’, reveals that the sector is majorly driven by […]
Longer trips look set to boom post-COVID-19, says GlobalData
Longer trips of more than ten nights are increasingly in demand post-COVID-19, according to a poll by GlobalData. The leading data and analytics company notes that, with accidental savers on the rise and working from home making longer trips a possibility, lengthier holidays look set to boom post-pandemic. Opting for an extended trip has become […]
Low-value deals dominated VC funding landscape in cloud space in 2020, finds GlobalData
Low-value venture capital (VC) funding deals (investments less than or equal to US$10m) volume shrank as overall VC funding activity in the cloud space declined during 2020 compared to 2019. The share of low-value deals as a proportion of total deal volume also contracted, however, it still continued to account for a dominant share, according […]
Patient access to gene therapies for cancer set to increase over the next decade, says GlobalData
Gene therapies will provide a valid treatment option for patients that have developed resistance to chemotherapies across several cancer indications. With patient access set to increase over the next decade, these therapies are expected to eliminate the need for further treatments and reduce the cost of disease management, says GlobalData, a leading data and analytics […]
Home-grown Indian tech and media companies taking over from foreign tech giants, says GlobalData
India is becoming a land of digital opportunities for home-grown tech companies, according to GlobalData. The leading data and analytics company notes that these local players are growing stronger and can now compete against foreign tech giants, which previously reaped the benefits in ecommerce, digital payments, social media and video streaming. This clash is also […]
Fabry disease market growth in US and Japan will be driven by entrance of several novel therapies
The Fabry disease (FD) market in the US and Japan will see significant growth between 2020 and 2030, as total sales in these two major markets (2MM) are set to increase from $820.15m in 2020 to $985.81m in 2030, at a compound annual growth rate (CAGR) of 1.9%. This sales growth will be in line […]
Marketing push will help Australian domestic tourism reach record highs by 2025, according to a GlobalData
Strongly supported by Tourism Australia’s domestic campaign, GlobalData forecasts a record number of domestic trips in the country by 2025: double that seen in 2020 and representing a 14% growth on pre-pandemic levels. In broadcasting the phrase ‘holiday here, this year’ over social media channels, radio and outdoor advertising has paid off, and, although the […]
India looks forward to flex-fuel vehicles to achieve alternative fuel ambitions, says GlobalData
Following the news that India is considering to make flex-fuel engines mandatory for automakers; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The development comes two weeks after the government brought forward the cut-off date for 20% ethanol blending petrol program (E20) from 2030 to […]
North America continues to dominate global LNG liquefaction capacity additions by 2025, says GlobalData
North America is expected to lead the global liquefied natural gas (LNG) liquefaction capacity additions by 2025, contributing around 63%, says GlobalData, a leading data, and analytics company. The Former Soviet Union (FSU) region is a distant second place, with 18%, followed by the Middle East at 10%. GlobalData’s latest report, ‘Global Capacity and Capital […]
Coca Cola still dominates EMEA sport sponsorship, representing over a quarter of brand spend in the region, according to GlobalData
Coca Cola’s partnerships in the EMEA region account for $132m of non-alcoholic drinks sector spend in the territory The soft drink giant sees 145 active deals in the EMEA region, roughly a fifth of all the active deals in the sector US brands are currently seeing the greatest value in the EMEA market, with brands […]
Thailand’s haircare market to reach US$1.7bn by 2025, says GlobalData
The Thai haircare market is projected to grow from ฿38.2bn (US$1.2bn) in 2020 to ฿52.4bn (US$1.7bn) in 2025 at a compound annual growth rate (CAGR) of 6.5% over the 5-year period, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Thailand Haircare – Market Assessment and Forecasts to 2025’ reveals that the market is […]
Sainsbury’s and Pets at Home recall could break trust with new UK pet owners, says GlobalData
With growing concerns over a potential link between cat food products sold in the UK and an outbreak of a deadly feline disease, the Food Standards Agency (FSA) has recalled potentially contaminated pet food. This could damage brand loyalty and trust with pet owners, as high-quality ingredients or pet food products are a top priority […]
Budget hotels set to benefit from increase in price-sensitive travelers, says GlobalData
Price is the most important factor to 47%* of consumers when selecting accommodation, according to a poll by GlobalData. The data and analytics company notes that, with less budget for travel but a strong desire to escape, many will turn to budget providers to satisfy their travel cravings. Gus Gardner, Associate Travel and Tourism Analyst […]
High performance computing emerges as new competitive battleground between IT vendors and cloud service providers, says GlobalData
A confluence of developments including growing volumes of data generated by Internet of Things (IoT) sensors, and the emergence of new content and data-rich applications, some of which are incorporating the use of artificial intelligence (AI), is set to drive demand for higher performance computing solutions over the next five years. This will contribute to […]
Renewable energy will take almost 40% of the global power mix by 2030 as world heads towards smart decarbonization, says GlobalData
The global push for a transition to cleaner energy, driven by strong policies and financial support, will heavily impact the future of renewables, according to GlobalData. The leading data and analytics company notes that renewables are expected to take almost 40% of the power mix by 2030. GlobalData’s latest report, ‘Global Power Mix in Transition’, […]
Goldman Sachs hires prominently for Marcus as it looks to expand its digital consumer banking division, finds GlobalData
Goldman Sachs is developing Marcus, its digital consumer business division, by expanding into new products and partnerships and providing digital solutions for consumers to better spend, borrow, invest and save. Job postings for the division increased in Q1 2021 with 151 jobs compared to 103 jobs in Q1 2020, and have been on the rise […]
Novavax’s COVID-19 vaccine may face severe uptake challenges in the US
Novavax has further demonstrated excellent results from its pivotal PREVENT-19 vaccine trial. Despite this positive data, it will likely see very little uptake in the US, says GlobalData, a leading data and analytics company. Nancy Jaser, PharmD/MBA, Pharma Analyst at GlobalData, comments: “Novavax’s PREVENT-19 trial enrolled close to 30,000 participants across 119 sites in the […]
Tech collaborations are enabling oil and gas companies to venture into quantum computing to reduce operational costs
The prevailing industry downturn from COVID-19 has heightened the need for oil and gas companies to reduce operational costs by improving efficiency. Although classical computers are capable enough in delivering efficiency gains, quantum computers and their optimization algorithms could deliver these gains in a much shorter time, says GlobalData, a leading data and analytics company. […]