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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. […]
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 […]
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 […]
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’, […]
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 […]
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 […]
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 […]
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 […]
UK domestic interrail pass could spark rail travel boom for summer 2021, says GlobalData
Travel by rail was already popular for UK domestic tourists pre-pandemic as 16 million UK domestic tourists traveled by rail in 2019. However, this dropped 60% year-over-year (YoY) in 2020 due to the COVID-19 pandemic and subsequent lockdown measures. According to GlobalData, a leading data and analytics company, this could increase 105.7% YoY in 2021. […]
Crypto discussions among corporates grew in Q1 2021, yet negativity persists, says GlobalData
Despite the market volatility, cryptocurrency has gained traction among corporates over the last five years, according to GlobalData. The leading data and analytics company’s filing analytics database reveals that, mentions of ‘crypto’ and related keywords in company filings rose by over 125% in Q1 2021, compared to Q4 2020 – the sharpest increase since the […]
Japan credit card payment market to cross US$1 trillion in 2024, forecasts GlobalData
The credit card payments market in Japan is set to register a compound annual growth rate (CAGR) of 7.6% to reach JPY105.9 trillion (US$1,026.5bn) in 2024, forecasts GlobalData, a leading data and analytics company. Japan is one of the few countries globally, which is able to control the COVID-19 pandemic to a large extent with […]
China’s haircare market to reach US$12.9bn in 2025, says GlobalData
The Chinese haircare market is projected to grow from CNY80.2bn (US$11.6bn) to CNY88.2bn (US$12.9bn), at a compound annual growth rate (CAGR) of 1.9% between 2020 and 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Haircare – Market Assessment and Forecasts to 2025’, reveals that the market is majorly driven by growth […]
Four Seasons ramps up hiring in 2021 as it reopens several of its hotels, finds GlobalData
Four Seasons and Hotels has been ramping up hires in 2021, with new job postings doubling from 431 in February 2021 to 889 in March 2021. The Canada-based company is hiring several senior-level personnel and support staff across its 119 hotels and 44 private residences, finds GlobalData, a leading data and analytics company. The company […]
Tokyo Olympics fails to boost hiring activity in Japan, finds GlobalData
Tokyo Olympics and Paralympics games are back at the world center stage after delays due to the COVID-19 pandemic. The mega sporting events do not seem to impact hiring activity with active jobs not seeing significant growth in Japan. However, it’s business as usual for companies that are partnering the event. From product launches, customer […]
Robo-advisors are no longer being ignored by the old guards as JPMorgan acquires Nutmeg, says GlobalData
Following the news that JPMorgan is acquiring UK robo-advisor Nutmeg to accompany its forthcoming digital bank in the UK; Sergel Woldemichael, Wealth Management Analyst at GlobalData, a leading data and analytics company, offers his view: “This is a strong strategic move given rising demand for automated investment services. JPMorgan Chase will be able to respond […]
ISR satellite systems to attract more than 50% share of global military satellite market by 2031, says GlobalData
The growing importance of information-based warfare and a huge demand for real-time situational awareness is expected to propel the intelligence, surveillance and reconnaissance (ISR) satellites segment to garner the largest share (51%) of global spending on military satellites over the next decade, according to GlobalData, a leading data and analytics company. As most contemporary spy […]
CARsgen’s novel pipeline therapy could be beneficial to underserved patients in late-stage advanced HCC, says GlobalData
CARsgen Therapeutics’ novel pipeline therapy for advanced hepatocellular carcinoma (HCC) stands out in the American Society of Clinical Oncology (ASCO) virtual annual meeting for being the first-in-class approach with a unique mechanism of action that targets heavily pretreated advanced HCC patients, says GlobalData, a leading data and analytics company. Results for multiple HCC clinical trials […]
Brands should provide Father’s Day-themed launches to capitalise on increasing demand, says GlobalData
This year’s Father’s Day calls for themed releases that will help to celebrate the occasion. However, the number and the variety of ideas are rather underwhelming compared to the efforts brands make with Mother’s Day. As a result, brands fail to capitalize on the existing demand and reject a chance to send a message of […]
Australia leads APAC region in terms of prospects for accelerating infrastructure investment
Infrastructure investment in Asia Pacific (APAC) had been substantial prior to the outbreak of the COVID-19 pandemic, with real infrastructure construction output recording a compound annual growth rate (CAGR) of 5.7% between 2014 – 2019. Growth in the region was driven primarily by emerging economies, which recorded growth of 7.6% over the period, compared to […]
European sports market dominates non-alcoholic drinks sponsorships in 2021, says GlobalData
The non-alcoholic drinks sector is worth $479m in 2021 in the EMEA region, with $367m directed towards the European sports market. The Middle East and African markets remain undeveloped by comparison, with fewer sport teams and competitions located in these regions. Middle East and African sport markets currently see $7.25m in partnerships with the non-alcoholic […]