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Motor insurance was the largest segment in the South Korean general insurance industry, accounting for 35.5% share in terms of gross written premiums (GWP) in 2020. Top four motor insurers continue to dominate the market with 84.3% market share in 2020, which grew from 79.0% in 2016, finds GlobalData, a leading data and analytics company. […]
Global risk decreases a tad in Q2 2021 but remains at an elevated level, says GlobalData
While overall global risk has been decreased slightly by the progress of COVID-19 vaccination programs and reopening initiatives, risk levels are still high due to the resurgence of new COVID-19 variants and geopolitical tensions, according to leading data and analytics company GlobalData. GlobalData’s report, ‘Global Risk Report Quarterly Update – Q2 2021’, finds that global […]
Improbable capitalizes on transition to virtual training during pandemic as military simulator systems market set to reach $3.4bn by 2030, says GlobalData
Improbable is a growing player in the simulation and training market and has capitalized on changes the military have made to their training methods brought about by the pandemic. Militaries have likely realized in the past year that the potential to transition, at least in part to a virtual training environment, is invaluable for providing […]
High-speed data allotments and data-only plans will continue dominating prepaid wireless trends, says GlobalData
The COVID-19 pandemic and ongoing societal changes have altered the competitive landscape for US prepaid wireless carriers, making high-speed data allotments a key theme and this trend is expected to continue with year-end holiday shopping, says GlobalData, a leading data and analytics company. Jamie Huff, Pricing Lead at GlobalData, comments: “Larger high-speed data allotments continue […]
Leonardo and Northrop Grumman strategic partnership on future unmanned rotorcraft will leverage expertise in autonomy and integration, says GlobalData
Following the news that Leonardo and Northrop Grumman have announced a strategic alliance in the Vertical Take-Off and Landing Uncrewed Aerial Systems (UAS) domain in a media briefing event at the DSEI exhibition on 15 September; Vera Lin, Aerospace, Defense and Security Associate at GlobalData, a leading data and analytics company, offers her view: “The […]
Global food prices hike could drive consumers away from restaurant visits and into discount retailers as GlobalData survey confirms that 91% of consumers have a preference for cooking meals at home
Following the news that food inflation is at its highest since the 1970s; Hannah Cleland, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view on how this will impact consumer spending: “Higher food prices combined with the ongoing economic impact of the pandemic will inevitably shift consumer spending priorities away from […]
Online food delivery services tap ‘dark store’ concept to cater to faster delivery demand, says GlobalData
The COVID-19 pandemic has given a big boost to the online food and grocery delivery services in India. Companies like Dunzo, Swiggy and Grofers are using the ‘dark store’ concept to capitalize on the growing online food and grocery market, which is expected to grow at a compound annual growth rate (CAGR) of 20.5% during […]
Wikitude will reinforce Qualcomm’s lead in chips for the fast-growing augmented reality market, says GlobalData
Following the recent news that Qualcomm has acquired augmented reality (AR) firm Wikitude; Rupantar Guha, Associate Project Manager for the Thematic Team at GlobalData, a leading data and analytics company, offers his view: “The acquisition of Wikitude will reinforce Qualcomm’s leadership in the semiconductor segment of the AR market. Wikitude’s simultaneous localization and mapping (SLAM) […]
Global zinc production set to recover 5.2% in 2021 following ~6% decline in 2020, says GlobalData
Zinc mines are recovering from the impacts of COVID-19, according to GlobalData, with production expected to recover by 5.2% in 2021 to reach 12.8 million tonnes (Mt). The leading data and analytics company notes that production declined by approximately 5.9% to 12.1Mt in 2020, mainly due to COVID-19 related lockdowns and restrictions; however, looking ahead, […]
British Army’s Future Soldier Program rests on success of the digital backbone, says GlobalData
The DSEI has provided a forum for debate surrounding how best to deliver the digital backbone of the land forces. The success of the British Army’s Future Soldier Program rests upon the successful implementation of this backbone, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Soldier Modernization – Thematic Research’, reveals the […]
Unfazed by regulatory shakeups China startups raise US$64.7bn VC funding during January-August 2021, finds GlobalData
Despite China tightening its grip on big technology firms, startups in the country emerged as a safe haven for global venture capital (VC) investors. A total of 2,674 VC funding deals were announced in China during January–August 2021 while the disclosed funding value of these deals stood at US$64.7bn, the highest in the region, according […]
Singapore’s self-sufficiency plan in food production signals prime opportunity for plant-based meat alternatives, says GlobalData
While Singapore plans to become 30% self-sufficient in food production by 2030, lack of sufficient land mass for animal farms makes it a prime market for meat alternatives. With its pro-innovation approach, the city-state is fast emerging a major global hub for animal meat alternatives. Health has been identified as the key factor for the […]
Make-up preferences of Chinese consumers highly influenced by social media exposure, says GlobalData
The make-up preferences of Chinese consumers are highly influenced by the exposure of social media. The make-up market is projected to grow from C¥40.8bn (US$5.9bn) in 2020 to C¥60.8bn (US$8.9bn) by 2025 at a compound annual growth rate (CAGR) of 8.3% through 2025, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘China Make-up […]
Regtech sees rising sentiment and double-digit increase of mentions in H1 2021 company filings, says GlobalData
The need for help keeping in line with stringent regulations is on the mind of finance sector executives, according to GlobalData. The leading data and analytics company notes that mentions of ‘Regtech’ – a set of technologies that help companies comply with regulatory requirements – have been on the rise in company filings for the […]
Bud Light Next will appeal to third of US population focused on fitness and cutting carbs, according to GlobalData
Following today’s (16 September 2021) news that Anheuser-Busch is launching its first-ever zero-carb beer, Bud Light Next; Khalid Peerbaccus, Senior Researcher at GlobalData, a leading data and analytics company, offers his view: “A beer from a recognized brand like Anheuser-Busch that addresses the demand for fewer carbs will find popularity in a market increasingly driven […]
Global military recruitment problems poised to be overcome with unmanned ground vehicle and other robotic systems, finds GlobalData
In an exclusive interview with GlobalData, a leading data and analytics company, at the DSEI conference, Mr Jüri Pajuste, Research and Development (R&D) Director at Milrem Robotics, highlighted that the unmanned ground vehicle (UGV) market is still relatively small, but global military recruitment problems will create a capability gap, which UGV’s and other robotic systems […]
India’s esports startup Mobile Premier League reaps benefit of being in right place at right time, says GlobalData
Following the news that Bengaluru-based esports startup Mobile Premier League (MPL) has become India’s second gaming unicorn after Mumbai-based fantasy sports platform Dream11 at a pre-money valuation of US$2.3bn; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “India is currently one of the key markets for game […]
Collaboration and communications tech to continue to thrive with hybrid working, says GlobalData
The attitudes of both employees and employers towards hybrid working – a style of working that allows for a more balanced home-office work pattern – have fundamentally changed due to the pandemic, according to GlobalData. The leading data and analytics company notes that this is good news for tech companies producing collaboration and communication (C&C) […]
UK’s data WAN market is bedrock of UK business, says GloalData
An assessment of the UK’s wide area network (WAN) market finds it to be a highly competitive enabler of enterprise and public sector activities, according to GlobalData, a leading data and analytics company. Robert Pritchard, Senior Technology Analyst at GlobalData, comments: “While BT remains the largest provider of data WAN services in the UK, it […]
Singapore government initiatives to aid medical devices market growth, says GlobalData
Singapore medical devices market is expected to witness a strong growth driven by increasing government expenditure on healthcare and rapidly increasing demand for innovative medical technologies, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Singapore Healthcare, Regulatory and Reimbursement Landscape – CountryFocus’, reveals that government initiatives such as Diagnostics Development (DxD) Initiative and […]