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Following the news that Cazoo is closing its European operations at the cost of 750 jobs; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “While the brand is focused on the UK market, Cazoo had planned to support its European expansion and build brand equity through […]
Apple’s first eSIM-only iPhone 14 is a customer digitalization milestone, but a disaster for ill-prepared carriers, says GlobalData
The news that Apple has launched an eSIM-only iPhone 14 model in the US is an eSIM turning point in the mobile carrier industry, essentially signalling the start of a new era of digital connectivity competition, says GlobalData. According to the leading data and analytics company, the consequences are many and varied, as the eSIM-only […]
The Apple Watch Ultra is a tough yet chic wearable offering adventurers the best of both worlds, says GlobalData
Following Apple’s Far Out event during which the company announced the much-anticipated Apple Watch Ultra; Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “The Apple Watch Ultra offers adventurers excellent extreme weather and outdoor sports features comparable to Garmin Adventure Watches and superior to Samsung’s new Galaxy Watch5 […]
Beijing and Tokyo-based public enterprises topped the aggregated revenue stream of globally listed companies from the top 25 cities by GDP, says GlobalData
In 2021, the market share of Beijing-based public companies stood at 22.9%, topping the global top 25 cities by gross domestic product (GDP), followed by Tokyo and London-based public companies in terms of aggregate revenue, says GlobalData. The leading data and analytics company found that in terms of the top 25 cities*, the US has […]
The era of the easy, frictionless supply chain is over, and worker shortages are making this even more apparent, says GlobalData
Supply chain disruption has become the new normal and unless businesses reconfigure, growing geopolitical tensions, ESG* demands from consumers, inflation, energy prices, port congestions, and the pandemic will continue to exacerbate the problem, found GlobalData. The leading data and analytics company notes that businesses and nations must reinvigorate their local supply chains via reshoring – […]
The US foodservice profit sector sales will grow by 4.8% CAGR through 2026 with consumers returning to pre-pandemic lifestyles, says GlobalData
The US foodservice profit sector will grow at a compound annual growth rate (CAGR) of 4.8% from $909.3 billion in 2021 to $1.1 trillion in 2026 as consumers return to their pre-pandemic lifestyles, visiting cafés and restaurants to socialize and indulge in enjoyable experiences, says GlobalData. The leading data and analytics company’s latest report, ‘United States […]
McDonald’s once again champions current trends with release of new ‘nostalgic’ menu item, says GlobalData
Following the news that fast-food giant McDonald’s is bringing back the cheese Danish from its 80’s vault this fall; Carmen Bryan, Consumer Analyst, at GlobalData, a leading data and analytics company, offers her view: “Over the last few years, McDonald’s has proven itself the champion of recognising and cashing in on current consumer trends. The […]
Global AI chip revenue is set to reach $130 billion by 2030 driven by increased AI use cases however China trade sanctions could hinder progress, says GlobalData
Artificial intelligence (AI) has been a dream of humanity for centuries. Yet it has not been until recent progress in machine learning that it has been possible for AI to solve real-life problems. GlobalData predicts that this rapid technological progress and capability will drive global artificial intelligence (AI) chips revenue from $12 billion in 2021 to […]
Coffee and tea shop sales in the US will increase by 10.5% by end of 2022 despite cost of living crisis, says GlobalData
Despite consumers battling against the rising cost of living, coffee and tea shops are currently the least at risk from emerging frugality trends owing to their low-value position and established habit in many consumers’ daily routines, found GlobalData. The leading data and analytics company notes that the businesses most at risk include leisure venues, pubs, […]
40% of Premier League teams influenced by betting brands in front-of-shirt market despite growing calls around banning such deals, says GlobalData
Recently, there has been a growing discussion and movement to limit the influence of gambling brands as the main sponsorship inventories for teams across the Premier League, finds GlobalData. The leading data and analytics company found that 40%* of the 20 competing teams will don a betting brand logo on the front of their playing […]
Lack of governmental support has stunted the growth of renewables in Mexico, says GlobalData
Since the change in government in 2018, the growth in Mexico’s renewable power sector has been slower, growing from 10.2 GW to 17.8 GW compared to the growth the sector saw between 2013 and 2018, where constitutional reforms allowed the renewable sector to take on a larger role allowing the industry to grow from 3.5 […]
Audi looking to emulate Mercedes and grow its brand presence in new markets by joining F1 World Championship, says GlobalData
Following the news that Audi will join F1 as a team in 2026; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view: “Audi joining Formula One as a team from 2026 is not only a significant shift in strategy for the German automotive manufacturer, but also a […]
Global RPA software and services market will be worth $20 billion by 2030, says GlobalData
Following disruptions caused to businesses by the COVID-19 pandemic, there has been increased interest in robotic process automation (RPA) as enterprises seek to reduce dependency on a human workforce. As a result of this, the global RPA software and services market will be worth $20.1 billion in 2030, up from $4.8 billion in 2021, according […]
Middle East dominates the global expandable polystyrene capacity additions by 2026, says GlobalData
With a share of 85% between 2022 and 2026, the Middle East is expected to lead the global expandable polystyrene industry capacity additions from new-build and expansion projects by 2026, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Expandable Polystyrene (EPS) Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region […]
Mentions of ‘NFT’ in company earnings call transcripts higher than ever in Q2 2022, finds GlobalData
Mentions of ‘Non-fungible tokens (NFTs)’ in companies’ earnings call transcripts rose to their highest level in Q2 2022, experiencing a 30% Quarter-on-Quarter (Q-o-Q) rise, however, sentiment fell by 14% to a score of 0.86, demonstrating a decline in optimism around NFTs due to rising discussions about the downturn in the cryptocurrency market, finds GlobalData, a […]
UK-based start-ups raised $18 billion VC funding during January to July 2022, finds GlobalData
Apart from being the top European market, the UK is also among the top five markets for global venture capital (VC) funding activity, found GlobalData. According to the leading data and analytics company, a total of 1,083 VC funding deals were announced in the UK during January-July 2022 while the disclosed funding value of these […]
Pfizer’s discontinuation of emprumapimod following Phase III trial leaves an unmet need that pharmaceutical companies should aim to fill, says GlobalData
Based on an interim futility analysis of its global Phase III trial, REALM-DCM, Pfizer has ceased clinical trial development of its therapy emprumapimod. The drug was meant to target dilated cardiomyopathy (DCM)* patients whose condition was due to a lamin gene mutation**. According to GlobalData’s report, ‘Cardiomyopathies – Global Drug Forecast and Market Analysis to […]
US-based start-ups raised $135.9 billion VC funding during January-July 2022, finds GlobalData
A total of 6,511 venture capital (VC) funding deals were announced in the US during January-July 2022 with disclosed funding value standing at $135.9 billion, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that since April 2022 deal activity in the US has mostly remained subdued, with deal […]
Global deal activity reaches a new low in July 2022, down by 16.2% M-o-M, finds GlobalData
A total of 4,856 deals (comprising of mergers & acquisitions [M&A], private equity, and venture financing deals) were announced globally during July 2022, which is a decline of 16.2% compared to the 5,798 deals announced during the previous month, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database revealed that the deal volume […]
Rising inflation will hurt the profitability of general insurers in Europe, says GlobalData
Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in the last 25 years, will hurt the profitability of general insurers in 2022-24, observes GlobalData. According to the leading data and analytics company, premium growth is expected to be slower as rising inflation will impact the ability of policyholders to pay […]