Hari Gorla

Insurance

Favorable regulatory landscape to drive Chinese reinsurance market at 6.8% CAGR through 2024, forecasts GlobalData

The China Banking and Insurance Regulatory Commission (CBIRC) has recently proposed revisions to the reinsurance regulatory regime. Against this backdrop, China’s reinsurance market is expected to grow at a compound annual growth rate (CAGR) of 6.8% during 2019-24, forecasts GlobalData, a leading data, and analytics company. The proposed regulations aim to strengthen the risk management […]

Aerospace, Defense & Security

Global submarine market to reach $31.9bn by 2031 driven by advances in technology, says GlobalData

The global submarine market is valued at $20.8bn in 2021 and will grow at a compound annual growth rate (CAGR) of 4.36% to reach $31.9bn by 2031. Growth will be driven by navies across the world enhancing their undersea warfare capabilities, as countries are increasing their capital expenditure towards naval platform acquisition to commission advanced […]

Automotive

Uber partnership to help Kia strengthen EV share in Europe, says GlobalData

Following the news that South Korean automaker Kia has partnered with shared mobility giant Uber to supply electric vehicles (EVs) in Europe; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Kia aims 20% battery EV share in the total sales in advanced markets, including South […]

Sport

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 […]

Aerospace, Defense & Security

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 […]

Banking

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 […]

Construction

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 […]

Pharma

New product launches to propel systemic sclerosis market to $1.8bn by 2030

The systemic sclerosis (SSc) market is expected to grow from $498m in 2020 to $1.8bn in 2030 across the seven major markets (7MM*) at a strong compound annual growth rate (CAGR) of 14%, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Systemic Sclerosis: Global Drug Forecast and Market Analysis to […]

Consumer

GlobalData’s top three must know F&B trends for World Sustainable Gastronomy Day

World Sustainable Gastronomy Day (June 18, 2021) is organised by the UN to help promote ‘green culture diets’, including but not limited to food waste. The global food and beverage (F&B) market reported a forecast value of $6.9 trillion in 2020, and is expected to reach an impressive $8.4 trillion by 2025. However, this growth […]

Consumer

UK grocery sales fall, but foodservice and personal care brands to reap the summer benefits, says GlobalData

Following today’s news (18 June) that UK retail sales fell as consumers returned to dining out, Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Hospitality and foodservice are benefiting from the relaxation of pandemic-related restrictions, which has provided opportunities for thousands of people to eat out of the […]

Consumer

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 […]

Pharma

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 […]

Travel & Tourism

South Korea to become third largest outbound APAC source market by 2025, says GlobalData

Outbound tourism from South Korea is not forecast to surpass pre-pandemic levels until 2024, when departures are projected to reach 29.6 million. However, South Korea is forecast one of the highest growth periods from 2020–2025 in the Asia-Pacific (APAC) region, with a compound annual growth rate (CAGR) of 40% and 30.2 million traveling outbound by […]

Consumer

Constellation Brands cashes in on novel and premium alcohol shift with celebrity-owned mezcal brand investment, says GlobalData

Following Constellation Brands’ announcement that it has invested a minor stake in Dos Hombres, Aaron Paul and Bryan Cranston’s mezcal brand; Holly Inglis, Beverages Analyst at GlobalData, a leading data and analytics company, offers her view: “The strategic move by Constellation Brands emphasises the brand’s attempt to grow its own image and be affiliated alongside […]

Oil & Gas

Asia set to drive global polyvinyl chloride capacity additions by 2025, says GlobalData

Asia is expected to lead the global polyvinyl chloride (PVC) capacity additions with a capacity of 6.85 million tons per annum (mtpa) by 2025. Presently, China accounts for more than half of the region’s capacity additions in Asia and it is likely to lead the global PVC capacity additions among the countries by 2025, says […]

Aerospace, Defense & Security

India hopes to revamp domestic defense industry with Ordnance Factory Board split, says GlobalData

Following the announcement that the Ordnance Factory Board (OFB) will be dissolved and replaced by seven new defense public sector undertakings; Mathew George, Ph.D, Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “The move was earlier resisted by the workers, who have been now pacified by announcements […]

Medical Devices

Recent clinical trial results indicate future may be bright for renal denervation

Results for two major clinical trials that were released in May 2021 indicate the future for renal denervation, a treatment for high blood pressure, may be bright. Global market value for renal denervation devices was estimated to be just over $13m in 2020, reflecting a drop in market value that occurred due to the COVID-19 […]

Medical Devices

Mobile MRI devices could help fix backlog of delayed MRI procedures

Over the last year, healthcare networks largely focused their resources on devices that could be used to diagnose, treat, or otherwise combat COVID-19. MRI scans were not found to be helpful in diagnosing the disease or its aftereffects, and so were largely left off the COVID-19 treatment pathway. This has resulted in delays which has […]

Insurance

Aon and Willis Towers Watson merger will complement their business solutions and deliver better client services, says GlobalData

Following the news that the Justice Department in the US has filed an antitrust lawsuit that blocks insurance broker Aon’s proposed $35bn acquisition of Willis Towers Watson (WTW), which was announced back in March 2020; Jazmin Chong, Insurance Analyst at GlobalData, a leading data and analytics company, offers her view: “The combination of both Aon’s […]

Business Fundamentals

Influencers opine iOS 15 will help Apple retain customers, reveals GlobalData

Apple Inc. (Apple) witnessed a dramatic jump of 100% in influencer conversations on Twitter during the second week of June 2021 over the previous week, following the official announcement of its next generation operating system iOS 15 during Worldwide Developers Conference (WWDC), reveals GlobalData, a leading data and analytics company. iOS, iPad and health emerged […]

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Favorable regulatory landscape to drive Chinese reinsurance market at 6.8% CAGR through 2024, forecasts GlobalData

Global submarine market to reach $31.9bn by 2031 driven by advances in technology, says GlobalData

Uber partnership to help Kia strengthen EV share in Europe, says GlobalData

European sports market dominates non-alcoholic drinks sponsorships in 2021, says GlobalData

ISR satellite systems to attract more than 50% share of global military satellite market by 2031, says GlobalData

Robo-advisors are no longer being ignored by the old guards as JPMorgan acquires Nutmeg, says GlobalData

Australia leads APAC region in terms of prospects for accelerating infrastructure investment

New product launches to propel systemic sclerosis market to $1.8bn by 2030

GlobalData’s top three must know F&B trends for World Sustainable Gastronomy Day

UK grocery sales fall, but foodservice and personal care brands to reap the summer benefits, says GlobalData

Brands should provide Father’s Day-themed launches to capitalise on increasing demand, says GlobalData

CARsgen’s novel pipeline therapy could be beneficial to underserved patients in late-stage advanced HCC, says GlobalData

South Korea to become third largest outbound APAC source market by 2025, says GlobalData

Constellation Brands cashes in on novel and premium alcohol shift with celebrity-owned mezcal brand investment, says GlobalData

Asia set to drive global polyvinyl chloride capacity additions by 2025, says GlobalData

India hopes to revamp domestic defense industry with Ordnance Factory Board split, says GlobalData

Recent clinical trial results indicate future may be bright for renal denervation

Mobile MRI devices could help fix backlog of delayed MRI procedures

Aon and Willis Towers Watson merger will complement their business solutions and deliver better client services, says GlobalData

Influencers opine iOS 15 will help Apple retain customers, reveals GlobalData

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