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Following the British Ministry of Defence (MOD)’s announcement that it has signed a procurement agreement for 60 BvS10 amphibious all-terrain armored vehicles valued at £140 million ($200 million); Tristan Sauer, Land Domain Analyst at GlobalData, a leading data and analytics company, offers his view: “The UK’s decision to acquire a fleet of BvS10 platforms alongside […]
Inflation stands out as the insurance industry’s biggest challenge in 2023, says GlobalData
As we enter 2023, record-high inflation and the consequent cost-of-living crisis will be the greatest challenge faced by the insurance industry according to industry experts, says GlobalData. The leading data and analytics company notes that as consumers are more squeezed than ever financially, insurers may need to be flexible and innovative in order to retain […]
GlobalData’s UK Active Jobs Index down by 18% in November 2022
Due to high inflationary pressures and recession fears, GlobalData’s UK Active Jobs Index has continued to fall by 18% month-on-month in November 2022. According to the leading data and analytics company’s Job Analytics Database, companies are closing 11% more jobs than new postings, resulting in a decline in the amount of active jobs open for recruitment. […]
US card payments market to grow by 8.6% CAGR between 2022 and 2026, forecasts GlobalData
Driven by consumers’ increasing preferences for electronic payments and a rise in consumer spending, the US card payments market is expected to register a compound annual growth rate (CAGR) of 8.6% between 2022 and 2026 reaching $13.4 trillion by 2026, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘US Cards and Payments: Opportunities […]
Portugal’s general insurance industry to reach $9.3 billion by 2026, forecasts GlobalData
In terms of gross written premiums (GWP), Portugal’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.9% from €5.7 billion ($6.8 billion) in 2021 to €7.6 billion ($9.3 billion) in 2026, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, Portugal’s insurance industry is projected to grow by […]
2023 prediction: Telcos to offer existing customers their best deals to reward use of digital tools, says GlobalData
Up until now, most telcos have tended to save their best smartphone or service discounts and incentives for new customers. However, GlobalData analyst Emma Mohr-McClune predicts that telcos will start turning that traditional paradigm on its head in 2023 by instead offering their best discounts and rewards to existing customers that use digital e-care and […]
BT’s merger of its B2B units is a sign of the wider pressure on service providers, says GlobalData
Following the announcement that BT will merge BT Global, the provider’s multinational corporation (MNC) facing business unit, and BT Enterprise, which sells to UK-based enterprises and public sector bodies, to form a unified BT Business division; Gary Barton, Research Director for Enterprise Technology and Services at GlobalData, a leading data and analytics company, offers his […]
US Active Jobs Index fell by 7.9% in November 2022, finds GlobalData
Economic slowdown due to soaring inflation and high interest rates is causing many businesses across the US to suspend or decrease their hiring activity, according to GlobalData, the leading data and analytics company. Research by GlobalData’s Job Analytics database reveals that the number of new job posts declined across the US in November 2022, verses October 2022, […]
TeamViewer ending its Manchester United deal early could spell trouble for the sports industry, says GlobalData
Following today’s news (16th December) that TeamViewer and Manchester United have agreed a termination of the front of shirt deal; Conrad Wiacek, Head of Sport Analysis at GloblalData, a leading data and analytics company, offers his view: “While Manchester United are up for sale and have started to show improvements on the pitch, the lack of […]
Dupixent’s safety concerns unlikely to impact prescriptions, says GlobalData
Recently, the UK’s Medicines, and Healthcare Regulatory Agency (MHRA) warned of some new and potentially serious eye-related side effects associated with Sanofi & Regeneron’s Dupixent, a drug used in the treatment of numerous allergic indications. Leading data and analytics company, GlobalData, notes that, although this safety update will likely raise physician vigilance regarding long-term Dupixent […]
GOSH TvT CAR7 Phase I: Positive trial results with CRISPR base-edited CAR-T cells is a significant step in treating cancer, says GlobalData
Following the news that the first patient in the UCL Great Ormond Street Insititute of Child Health’s (GOSH) Phase I TvT CAR7 trial to treat pediatric relapsed/refractory T-cell acute lymphoblastic leukemia, has gone into remission; James Donagher, Oncology & Hematology Analyst at GlobalData, a leading data and analytics company, offers his view: “While the GOSH […]
The market for tissue sealants and adhesives is expected to reach $2.4 billion by 2030 driven by trauma, burn cases and surgical procedures, says GlobalData
The tissue sealants market valued at $1.8 billion in 2022 is forecast to reach $2.4 billion by 2030 at a compound annual growth rate (CAGR) of 3.1%. Demand for tissue sealants and adhesives used in surgical procedures for trauma and burn cases is driving market growth according to GlobalData, a leading data and analytics company. […]
50% of healthcare industry professionals would prioritize investing in AI in the next two years, finds GlobalData survey
According to a survey by GlobalData, 50% of healthcare industry professionals would prioritize artificial intelligence (AI) among other emerging technologies for their investments in the next two years. The leading data and analytics company notes that AI has been trending as the leading future investment target in the pharmaceutical industry since 2018, gaining a 6% […]
Production in the US L48 region to continue its upswing in the medium term, says GlobalData
US crude oil production has grown steadily in 2022 thanks to increased energy demand in the US and internationally. GlobalData notes that the majority of this production has been conducted in the Lower 48 (L48) region, which represented nearly three-fourths of total production. The leading data and analytics company notes that this upward swing is […]
Gene therapy market to reach $15.2 billion sales by 2028, says GlobalData
The global gene therapy market is expected to greatly expand as patients put pressure on payers to cover therapies aimed at curing diseases instead of simply treating symptoms, says GlobalData, a leading data and analytics company. According to GlobalData’s report, ‘Regenerative Medicine in Medical – Thematic Research’, the global regenerative medicine market is expected to […]
FAAMNG job postings declined by 84% in November 2022, amid hiring freeze and layoffs, finds GlobalData
Due to rising inflation, fears of recession, and uncertain economic conditions, job postings at Meta (formerly Facebook), Apple, Amazon, Netflix, and Alphabet (Google) combined fell by 84% in November 2022 compared to January 2022, finds GlobalData. The leading data and analytics company notes that this group, which is known as FAAMNG, saw job posts closing faster […]
Smartphones will become irrelevant in a 6G world, says GlobalData
The launch of 6G will spur a further shift towards mixed reality devices and make smartphones irrelevant in the next fifteen years, according to GlobalData. Research conducted by the leading data and analytics company notes that we are already seeing a shift towards mixed reality such as Meta’s Quest Pro virtual reality (VR) headset with […]
TSMC’s second US fabrication facility de-risks both the semiconductor supply chain and the Taiwan situation, says GlobalData
TSMC’s plans for a second fabrication facility in Arizona to develop 3-nanometer chips will have a significant impact, not only because it re-disks the chip shortage situation in Taiwan, but also due to the catalyst effect it will have on the US’s advanced manufacturing capabilities, says GlobalData, a leading data and analytics company. GlobalData’s report, […]
Telemedicine evolution could lead to better rates of early diagnosis for chronic diseases, says GlobalData
The development of home diagnostic tests* has allowed telemedicine to evolve in recent years, becoming more prominent and precise, says GlobalData. The leading data and analytics company notes that these types of devices have allowed telemedicine to be carried out to the next level, improving the classic video call care, which often has limitations. As […]
Potential prophylactic antibiotic use for Strep A infections highlights need for vaccine, says GlobalData
Following the news that, amid rising cases and deaths nationally, antibiotics could be administered prophylactically in UK schools with cases of streptococcus A (Strep A); Fiona Chisholm, Associate Director at GlobalData, a leading data and analytics company, offers her view: “Health officials are under increased pressure to curb inappropriate use of antibiotics and rarely give […]