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Nearly 100 companies have been awarded contracts for the Joint All-Domain Command and Control (JADC2) project. This shows that the Department of Defense (DoD) is attempting to build the commercial ecosystem necessary to build and maintain JADC2, observes GlobalData, a leading data and analytics company. William Davies, Associate Analyst at GlobalData, comments: “The complexity of the […]
Many European travelers likely to budget more when booking a holiday due to inflation, says GlobalData
With national inflation rates increasing dramatically in recent months across Europe, the purchasing of cheaper tourism related products and services has allowed many European travelers to satisfy their desire of holidaying abroad while ensuring they can make ends meet back at home, found GlobalData, a leading data and analytics company. Ralph Hollister, Travel and Tourism […]
Construction in Eastern Europe and Central Asia will continue to face significant headwinds in H2 2022 following Russia-Ukraine war, says GlobalData
Construction output in Eastern Europe and Central Asia is forecast to contract by 3.4% in 2022, found GlobalData. According to the leading data and analytics company, this is due to heavy contractions in the Russian and Ukrainian construction sectors, which are expected to contract by 8.5% and 69.1%, respectively. Excluding Ukraine, construction in the region […]
Asia to spearhead global refinery hydrocracking capacity additions by 2026, says GlobalData
Asia is expected to register the highest refinery hydrocracking capacity additions globally between 2022 and 2026, contributing approximately 52% of the total capacity additions by 2026, says GlobalData, a leading data, and analytics company. GlobalData’s latest report, ’Refinery Hydrocracking Units Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Units, 2021-2026’, reveals that […]
UK-Japan fighter collaboration could herald new era for Japanese defense industry, says GlobalData
Following the news that the UK’s ‘Tempest’ and Japan’s ‘F-X’ projects are set to merge and pool resources; James Marques, Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “Spurred into a strategic rethink by Russia’s war on Ukraine, Japan has been looking to expand its defense cooperation […]
AMPEL BioSolutions breakthrough treatment method will transform the way healthcare professionals can treat patients, says GlobalData
AMPEL BioSolutions recently announced a breakthrough treatment method that could change how healthcare professionals treat patients who are suffering from autoimmune and infectious diseases, as well as cancer. This technology has the ability to completely transform the way healthcare professionals treat their patients, and in turn, has the potential to improve the quality of life for […]
Personal accident and health insurance in North America to reach $1.5 trillion by 2026, says GlobalData
The personal accident and health (PA&H) insurance industry written premium sales in North America are projected to grow from $1.2 trillion in 2021 to $1.5 trillion in 2026 at a compound annual growth rate (CAGR) of 5.2%, backed by an increase in health insurance awareness and rising healthcare costs, due to the COVID-19 pandemic, found […]
AI and blockchain best poised to support optimization of electronic health records, according to GlobalData polls
Artificial Intelligence (AI) and blockchain stand out as the technologies poised to best support the optimization of electronic health records (EHRs), according to GlobalData, a leading data and analytics company. A recent poll published in GlobalData’s report, ‘Electronic Health Records – Physician Perspective Report’, revealed that AI (30%) was noted as the innovation that is best positioned […]
Israeli AI missiles show growing competition in the global missile market which is set to reach $52.3 billion by 2031, says GlobalData
Following the news that Israel-based Rafael Advanced Defense Systems is unveiling a new air-launched missile; James Marques, Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “Israeli military technology is well-renowned and interest is growing in Europe. Some systems already in service with NATO include the Spyder missile […]
Nothing Phone 1 will struggle to compete in the smartphone market, even with its low price point, says GlobalData
Following Nothing’s announcement of its Nothing Phone (1);Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “The Nothing Phone (1) offers standard specs and features and differentiates itself via the ‘glyph’ interface on the back slab of the phone. This interface features a series of LED lights that can […]
Tourism industry recovery in Europe slows as airlines fail to adequately prepare for travel rebound, says GlobalData
International travel from Europe was set to make a promising start to recovery in 2022. However, chaos at many European airports is likely to hinder growth as queues and cancellations are quickly becoming air travel norms, says GlobalData. The leading data and analytics company notes that airlines failing to adequately prepare for travel’s great comeback […]
Three-way contest emerges for Turkey’s lucrative TF-X engine contract, says GlobalData
Following the news that Turkey has invited bids for the development of the turbofan engine for its TF-X fighter jet; Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “The TF-X, a model of which is expected to feature at Farnborough Airshow 2022, is envisaged as a fifth-generation fighter, […]
Sustainability a key feature of Boeing’s showcase whilst 737 MAX 10 certification ambiguity remains, says GlobalData
Following the news that Boeing will showcase its advances in sustainable aviation at Farnborough Airshow 2022;Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “Perhaps conscious of the growing international pressure for aircraft manufacturers to reduce the environmental impact of their products, Boeing has smartly made sustainability a key […]
Global electrolyzer capacity to reach 8.52 GW by 2026 led by the Asia-Pacific region, says GlobalData
The increased support from governments in the form of hydrogen strategies, and the rapidly increasing low-carbon hydrogen capacity are driving the expansion of the global electrolyzer market which is estimated to reach 8.52 Gigawatt (GW) in 2026, found GlobalData. The leading data and analytics company also notes that electrolyzer capacity has doubled over the last […]
Construction output in North America is forecast to grow by 2.4% in 2022 despite rising material prices and interest rate hikes, says GlobalData
Although construction output in North America is forecast to grow 2.4% in 2022 and is expected to reach $1.94 trillion, up from $1.89 trillion in 2021, following interest rate hikes and rising material prices, the recovery is lower than expected, found GlobalData, a leading data and analytics company. Jack Riddleston, Construction Analyst at GlobalData, comments: […]
Sustainable supply chain initiatives helped majority of the top 20 semiconductor companies thrive in 2021, says GlobalData
Sustainable supply chain initiatives helped majority of the top 20 semiconductor companies thrive in 2021, says GlobalData In 2021, approximately 95% of the top 20 publicly traded semiconductor companies by revenue reported more than a 22% year-on-year (YoY) growth in revenue. This comes despite supply chain issues, disruptions in the logistic network and a greater […]
Pharma industry’s spending on artificial intelligence could reach over $3 billion by 2025, says GlobalData
Due to its ability to rapidly assimilate big data from biomedical databases, artificial intelligence (AI) is being increasingly used to enhance computer-aided drug design. This can significantly reduce the time and cost to get a drug to market, particularly in areas of unmet need such as rare diseases, says GlobalData, a leading data and analytics […]
Implementation of electronic health records could lead to improved quality of care, says GlobalData
The adoption of electronic health records (EHR) is set to bring a number of benefits for patients, healthcare professionals, and healthcare systems, as they have the potential to improve patient care by enabling timelier, safer, and more cost-effective decision-making, says GlobalData a leading data and analytics company. Urte Jakimaviciute, Senior Director of Market Research at […]
UAE introduces new methods of renewable energy to meet its 30% clean energy target by 2030, says GlobalData
The United Arab Emirates (UAE) currently relies on thermal power for most of its electricity supply and in 2021 this accounted for 92.6% of its total electricity generation. However, the country is looking to reduce its dependency on thermal power and move towards clean energy, found GlobalData. According to the leading data and analytics company, […]
Top 20 IT service providers fared better in 2021 with 65% seeing a double digit YoY growth, says GlobalData
Of the top 20 IT service providers by revenue, four companies – Samsung SDS, NetEase, Wipro and Intuit – reported an increase of more than 25% in their Year-on-Year (YoY) revenue due to increasing digital transformation. Around 90% of the top 20 companies recorded positive growth and over 65% of them witnessed double digit YoY […]