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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 […]
Bristol-Myers Squibb’s Mavacamten demonstrates significant improvement of health status for symptomatic oHCM patients in the EXPLORER-HCM trial, says GlobalData
At the 70th annual American College of Cardiology (ACC) 2021 meeting, positive data from the EXPLORE-HCM trial was presented for Bristol-Myers Squibb’s mavacamten, a targeted inhibitor of cardiac-myosin that is currently at the pre-registration stage of development in the US for the treatment of symptomatic obstructive hypertrophic cardiomyopathy (oHCM). According to GlobalData, a leading data […]
China’s wealth market growth continues to drive affluent population growth, says GlobalData
The Chinese wealth market remains resilient and continues to grow despite the impact of COVID-19, driving the Chinese mainland affluent population growth. This population, including the mass affluent investors (holding liquid assets of US$50,000–$1m) and High-net-worth (HNW) individuals (holding liquid assets of more than US$1m), is expected to grow by 9.0% to reach 58.2 million […]
Paytm’s IPO to strengthen its position in Indian mobile payments market, says GlobalData
Following Paytm’s announcement of its plan to raise US$3bn through an initial public offering (IPO); Swati Verma, Associate Project Manager of Thematic Research at GlobalData, a leading data and analytics company, offers her view: “Paytm faces intense competition from Google, Amazon and Flipkart in the Indian mobile payments market. It was the undisputed leader at […]
COVID-19 puts Cadila Healthcare at the forefront of innovation in India, says GlobalData
Cadila Healthcare Ltd. is among the leading players in India which focuses on bringing in-house developed innovative therapies for patients. Cadila Healthcare has developed a diversified COVID-19 portfolio among the Indian players through in-house development and licensing opportunities. In line with this, the COVID-19 pandemic has put Cadila Healthcare at the forefront of innovation in […]
Mobile data to drive Japan mobile services market at 6.2% CAGR through 2025, forecasts GlobalData
Mobile service revenue in Japan is expected to grow at a compound annual growth rate (CAGR) of 6.2% from US$72.4bn in 2020 to US$98.0bn in 2025, supported by growth in mobile data service revenues, according to GlobalData, a leading data and analytics company. GlobalData’s Japan’s Mobile Broadband Forecast Model reveals that the revenues from both […]
Global IoT market will surpass the $1 trillion mark by 2024, says GlobalData
The global internet of things (IoT) market by revenue will be worth $1.1 trillion by 2024, with much of the growth coming from wearables, says GlobalData, a leading data, and analytics company. GlobalData’s latest report, ‘Thematic Research: Internet of Things,’ explains how a COVID-19 driven new digital transformation wave will fuel higher growth across all […]
Diagnosed prevalent cases of systemic sclerosis to reach 187,000 by 2030 in the 7MM, says GlobalData
The diagnosed prevalent cases of systemic sclerosis (SSc) in the seven major markets (*7MM) are projected to increase from 171,000 cases in 2020 to 187,000 in 2030, equating to an annual growth rate (AGR) of 0.97%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Systemic Sclerosis (Scleroderma) – Epidemiology Forecast to […]
Anheuser-Busch’s COVID-19 giveaway pairs corporate social responsibility with summer sales boost, says GlobalData
Following Anheuser-Busch’s announcement that it will giveaway free alcoholic beverage products if over 70% of US consumers are vaccinated by July 4; Holly Inglis, Beverages Analyst at GlobalData, a leading data and analytics company, offers her view: “Anheuser-Busch is emphasising consumption of alcoholic beverage products, which in recent years have seen a large downturn in […]
JBS ransomware demonstrates the larger issue of effective cybersecurity in retail and foodservice, says GlobalData
Following today’s news (June 2) that a cyberattack has hit meat supplier JBS; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “This latest cyberattack demonstrates the larger issue of cybersecurity, a trend that is keeping CEOs in FMCG awake at night. As industry players increasingly adopt internet of […]
Accenture tops global M&A activity by volume driven by cloud, says GlobalData
Global IT services and consulting company Accenture is the top acquirer in the global mergers and acquisitions (M&A) market for the tech, media and telecom (TMT) sector, having seen 22 deals in 2021*. Snigdha Parida, Senior Analyst in Thematic Research at GlobalData, comments: This year is seeing several major IT services companies focus on M&A […]
Urbanizing populations demand ‘smarter’ technology and localized supply chains
Over half of the global population now live in urban environments, with UN projections expecting this to be almost 70% by 2050. Migration to cities has effects that alter consumer attitudes and habits, requiring societies to adapt to new demographics and behaviors. Young people’s digital nativism, diversity, and multiculturalism will also impact the changing face […]
Boosting investments allocation among oil and gas operators could strengthen production in DJ Basin, says GlobalData
The Denver Julesburg (DJ) Basin located in Colorado and Wyoming has experienced a constant decline since production peaked in November 2019. Reversing this trend will depend on the capital allocation from major oil and gas operators in this region, says GlobalData, a leading data and analytics company. According to GlobalData’s latest report, ‘DJ Basin in […]
Malaysia’s construction industry to grow by 14.6% in 2021, driven by investments in transportation and energy projects, says GlobalData
Malaysia’s construction industry is set to recover in 2021 and expand by 14.6% after construction activity was brought to a standstill across many parts of the country due to the impact of COVID-19 containment measures. However, the recovery is more a reflection of the depths to which activity fell in 2020 amid the COVID-19 lockdown, […]
Foxconn-PTT partnership to expedite electric vehicles development in Thailand, says GlobalData
Following the news that Taiwan’s Foxconn announced a partnership with Thailand’s state-run energy group PTT PCL to make electric cars in Thailand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Foxconn’s has been really aggressive with its electric vehicle (EV) plans. Over the past year, […]
Nestlé’s decision to update its health strategy aligns with 57% of health-conscious consumers, says GlobalData
Following Nestlé’s announcement that the majority of its food portfolio is unhealthy, Khalid Peerbaccus, Senior Researcher at GlobalData, a leading data and analytics company, offers his view: “With global obesity and methods of combating this issue at the forefront of many foodmaker’s strategies going forward, GlobalData has found that *57% of consumers globally say that, […]
Medtronic investors must be cautious about changing competitive dynamics in China and APAC
Following the news of Medtronic’s latest financial report for Q3 FY2021 that medical device revenues have fully recovered through the anniversary of the COVID-19 pandemic, but a major threat is looming for medical device manufacturers with international presences in China; Richard Hyde, Medical Analyst at GlobalData, a leading data and analytics company, offers his view: […]
Regulatory inconsistency may still scare off crypto investors following India’s backtrack, says GlobalData
Following the news that the Reserve Bank of India (RBI) has clarified that a 2020 Supreme Court ruling overruled a 2018 circular that caused many banks to warn customers to avoid cryptocurrencies; Danyaal Rashid, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view: “Recently, one of the biggest criticisms of cryptocurrencies […]
Mir is breaking Mastercard and Visa duopoly in Russia by eroding their market shares and establishing itself as a strong payment service provider, says GlobalData
As of 2020, 74.6 million debit cards were issued by Mir, representing 28.62% of all debit cards in circulation Since 2016, while international schemes lost their market shares in the debit card space, Mir’s market share has risen to 25.3% in terms of transaction value. US and EU sanctions imposed on Russia in 2014 were […]
High unmet needs in HNSCC may be partially addressed by clinical development over next decade, says GlobalData
Improved efficacy for HNSCC therapeutics able to demonstrate an overall survival benefit remains a key unmet need in the indication. The next decade may see the introduction of personalized therapy options in locally advanced HNSCC settings along with identification of new druggable targets. Research is being conducted to test therapeutic de-intensification in oropharyngeal carcinoma patients. […]