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The former Soviet Union (FSU) has the highest capacity additions globally and its methanol capacity is expected to increase from 8.16 mtpa in 2020 to 44.61 mtpa in 2025 at an average annual growth rate (AAGR) of 34%. Within the FSU, Russia, accounts for more than half of the region’s capacity additions, and is expected to […]
Deal activity in cloud space largely showcased an upward trajectory during 2016-2020, says GlobalData
Venture capital (VC) funding and mergers and acquisitions (M&A) activity in the cloud space largely maintained an upward year-over-year (Y-o-Y) trajectory until 2020 when the COVID-19 pandemic reversed the trend. Although there was a decline in 2020 compared to 2019, there is a significant growth when compared with 2016’s deal volume and value, according to […]
Royal Caribbean’s first US cruise offers hope of recovery for leading cruise operators in 2021, says GlobalData
The Centers for Disease Control and Prevention (CDC) awarding Royal Caribbean’s Celebrity Cruises Celebrity Edge vessel a ‘conditional sailing certificate’ signals a key point for cruise tourism recovery, as it is the first big cruise liner to have one of its ships set sail from the US in over a year. Short-term, there are still […]
Deezer hires to expand in ‘key markets’ through partnerships and build user base, finds GlobalData
Deezer’s recent hiring trend shows an increase in tech teams, media and editorial staff, and business development leaders across 14 of its 20 offices worldwide, according to the job analytics database by GlobalData. The leading data and analytics company notes that Deezer’s move is to maintain market presence and promote and develop new business/product lines […]
Vehicle sales in India to rebound in 2021 after a tough May due to lockdown, says GlobalData
The lockdown imposed to curb the second wave of COVID-19 and the paused economic activities in India has caused the vehicle sales to decline in May 2021 compared to the previous months which were gradually increasing since January 2021. However, the full year light vehicle sales in India is expected to grow by 25.7%, according […]
Orange Business Services rated as leader in APAC telecom cloud market, says GlobalData
Driven by wide product capabilities combined with strong professional services and solid performance in the Asia-Pacific (APAC) region, Orange Business Services has been rated as the leader in the Asian telecom cloud market, according to GlobalData, a leading data and analytics company. GlobalData’s recent report, ‘Telco Cloud Services (Asia) Competitive Landscape Assessment’ reveals that Orange […]
Japan Transcatheter Aortic Valve Replacement (TAVR) market to exceed US$450m through 2025, forecasts GlobalData
The transcatheter aortic valve replacement (TAVR) market in Japan is expected to exceed US$450m in 2025, driven by the increasing prevalence of aortic stenosis in elderly population, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Transcatheter Aortic Valve Replacement (TAVR) (Cardiovascular) – Global Market Analysis and Forecast Model (COVID-19 Market Impact)’, reveals that […]
Discounted tariffs to drive adoption of multi-play bundles in South Korea over 2020-2025, forecasts GlobalData
The total multi-play service household penetration in South Korea will grow at a compound annual growth rate (CAGR) of 2.2% between 2020-2025, driven by discounted pricing strategy adopted by operators to attract new subscriptions, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s South Korea Multi-play Forecast Model reveals that, multiplay […]
Etsy catapults to top of GlobalData’s ecommerce thematic scorecard following Depop acquisition, says GlobalData
Following the news that Etsy is acquiring Depop for $1.62bn, leading data and analytics company GlobalData has adjusted its ecommerce thematic scorecard, which now sees Etsy at the top above players such as Apple and JD.com. GlobalData’s thematic scorecards predict future winners by ranking their performance in the ten most important themes shaping their industry. […]
Post-pandemic fiscal sustainability remains an area of serious concern for major economies, says GlobalData
Major economies globally are projected to see post-economic recovery in 2021 due to the effective rollout of COVID-19 vaccinations, along with prudent policy measures implemented by various governments. However, a plethora of fiscal measures is leading to debt explosion in advanced economies such as Canada, France and the UK, with gross government debt exceeding 100% […]
Deal activity in IoT space showcased inconsistent trend during 2016-2020, says GlobalData
Venture capital (VC) funding and mergers and acquisitions (M&A) activity in the Internet of Things (IoT) space showcased an inconsistent trend during 2016-2020, according to GlobalData, a leading and data analytics company. VC deal volume in the IoT space shrank by 30.5% from 1,399 deals in 2019 to 973 in 2020 and the deal value […]
UK set to bolster quantum credentials, says GlobalData
Following the news that a £210m AI and quantum computing centre will be opened at Hartree National Centre for Digital Innovation by the UK Government and IBM: Sam Holt, Analyst, Thematic Research at GlobalData, a leading data and analytics company, offers his view: “The UK is clearly keen to position itself as a quantum frontrunner. […]
New Zealand construction output to grow by 5.5% in 2021 driven by shovel-ready project investments and focus on infrastructure, says GlobalData
New Zealand’s construction industry recorded an annual average growth rate of 6.6% between 2016 and 2019. Despite this, lockdown restrictions in the first half of 2020- and the resulting economic uncertainty and weakness – severely impacted activity, with the industry contracting by 7.3% in real terms. However, growth is expected to return in 2021, with […]
UK Government to eliminate sugary drink refills, limiting recovery of on-trade soft drink sales, says GlobalData
In what is already a challenging time for the on-premise sector – with UK restaurants recording a hefty 32.1% decline in value from £32.2bn to a forecast value of £21.8bn in 2020 – the UK Government has imposed a ban on free refill fountain drinks in restaurants from April 2022. Although this promotes a health-halo […]
Card payments in South Africa set to rise by 7.6% in 2021, says GlobalData
The South Africa card payment market, which has been on the rise for the past few years, registered a subdued growth of 3.7% in 2020 due to COVID-19 with reduced consumer and commercial spending. However, with the gradual recovery in economic activities, card payments are expected to rise by 7.6% to reach ZAR1.4 trillion (US$97.3bn) […]
Consumers will benefit from price comparison websites partnering with insurtechs as it will provide more customizable polices, says GlobalData
The latest partnership between Comparethemarket.com and insurtech Getsafe could create a shift in the UK’s personal insurance market. Insurtechs have developed tailored policies for individuals using customers’ own data to personalise features. These include usage-base-insurance or fitness trackers alongside protection policies. By partnering with an insurtech, Comparethemarket.com will expose a wider range of customers to […]
Eli Lilly’s tirzepatide continues to outperform popular diabetes drugs in head-to-head clinical trials, says GlobalData
Eli Lilly’s highly anticipated tirzepatide, a once-weekly dual glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide 1 receptor agonist (GLP-1RA), recently demonstrated that it was able to not only reduce HbA1c levels in type 2 diabetes (T2D) patients, but also confer weight loss when compared to insulin glargine in the SURPASS-4 trial. Tirzepatide has the potential […]
Decline in fixed voice revenues to weigh down fixed communication revenue in Japan between 2020 and 2025, forecasts GlobalData
The total fixed communication services revenue in Japan is expected to increase at a sluggish compounded annual growth rate (CAGR) of 0.5% from US$46.3bn in 2020 to US$47.5bn in 2025, with continued decline in fixed voice service revenues weighing down on the growth momentum, according to GlobalData, a leading data and analytics company. GlobalData’s Japan […]
Altcoins to drive the next surge post crypto market crash, says GlobalData
All cryptocurrencies other than Bitcoins are known as altcoins. With the crypto market crashing recently and the prices of Bitcoins witnessing a heavy turbulence, investors are changing their assets from Bitcoins to altcoins as they are comparatively inexpensive, offer a significant growth potential and are paving the way for the next crypto revolution, says GlobalData, […]
Boosting investments in deepwater exploration offshore Trinidad and Tobago could reverse negative production trend after 2024, says GlobalData
Production of natural gas, the main commodity in Trinidad and Tobago (T&T), has been declining ever since 2015. Future gas output is projected to stay below 2017 numbers and then decline at a higher rate after 2024. In order to maintain the same level of production in the mid-term, the country needs to stimulate the […]