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Total AME (Africa and Middle East) handset subscriptions of 733m in 2018, is set to reach 1.4bn by 2023, with smartphones accounting for 81% of handsets in 2023 from 54.4% in 2018, according to GlobalData, a leading data and analytics company. During the same period, feature phone subscriptions will decline at a CAGR of -11.7%. […]
Western European telcos are winning the European 5G race
In Europe, Western countries are leading 5G development, with Denmark, Portugal and Switerland’s 5G adoption set to take a 23.2%, 16.2% and 16.2% share respectively of total mobile subscription in their markets by 2023, according to GlobalData, a leading data and analytics company. Nationwide coverage is already available in the UK through EE and is […]
Mike Ashley’s bid for GAME could be what it needs to drive BELONG’s success
Following the news that Sports Direct has made an offer for GAME Digital, Zoe Mills, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Mike Ashley’s offer to buy GAME outright brings with it the possibility to give the gaming retailer the ability to finally realise the potential of its BELONG gaming […]
Subscription shopping services target 34% of consumers in the baby and child care space
Subscription-based shopping services are reportedly booming, with an increasing array of products and services becoming available via this method. However, globally, most consumers are likely to be interested in a regular subscription-based service to buy products for their children compared to other types of goods, according to GlobalData, a leading data and analytics company. Melanie […]
Total telecom and pay-TV services revenue in Peru will expand at a CAGR of 1.6% between 2018 and 2023
Total telecom and pay-TV services revenue in Peru will expand at a CAGR of 1.6% between 2018 and 2023, mainly driven by the increasing demand for mobile data services. This in turn will expand its contribution to total service revenue from an estimated 29% in 2018, to 35% in 2023, becoming the leading segment in […]
Credit cards must offer more consumer benefits as POS lending continues to take market share
With point-of-sale (POS) lending continuing to grow and taking market share from credit card providers they risk losing a significant portion of their business unless more material benefits are offered to consumers to use credit cards, according to GlobalData, a leading data and analytics company. POS lending is the offer of an instant-approval loan that […]
Impulsive Instagram Shopping offers retailers the chance to boost sales
As 38.7% of online shoppers aged 16-24 have used Instagram Shopping to purchase an item, retailers targeting this demographic should recognise the potential of social media beyond a marketing tool and as an additional sales platform that is especially effective at driving impulse purchases, says GlobalData, a leading data and analytics company. Instagram Shopping is […]
Mobile subscriptions in the Americas will expand at a CAGR of 4.1% between 2018 and 2023
Mobile subscriptions in the Americas will reach 1.5 billion by 2023 from 1.2 billion in 2018, growing at a 4.1% CAGR over the period, says GlobalData, a leading data and analytics company. 5G Mobile subscriptions in the Americas will reach 204 million by 2023. with MNOs gearing up to launch 5G services over 2019-2020, we […]
Latin America Internet household penetration will reach 50% by 2020
Latin America’s broadband penetration reached 45% of households in 2018 from a previous 43% in 2017. Going forward, GlobalData expects 10m new accesses within two years and internet household penetration will reach 50% of households in 2020, according to GlobalData, a leading data and analytics company. Ivan Maldonado, Technology Analyst at GlobalData commented, “The total […]
Exploration opportunities in the Americas increasing in Q2 2019
Licensing opportunities are increasing in the Americas as Brazil, Canada, and the US launch licensing rounds scheduled to close within 2019, according to GlobalData, a leading data and analytics company. Brazil’s Transfer of Rights Production Sharing Round is open and is expected to generate substantial interest, offering significant discovered pre-salt volumes. In addition, Argentina, Brazil, […]
Coles targets consumers across healthy eating spectrum with Wellness Road range in Australia
Australian grocery retailer Coles Supermarket has launched a new ‘Wellness Road’ range of foods to give health-conscious customers a more affordable range of nutritious options. By branching out into health foods, Coles is carving out its own health-aligned positioning and communicating to shoppers that it is striving to help Australians improve their diets and live […]
IMO 2020 low sulphur regulation challenges global refinery industry
In 2016, International Maritime Organization (IMO) decided to strictly enforce use of bunker fuels with a sulphur content of 0.5% (mass by mass) from the existing 3.5% limit, from 2020. However, refineries do not have sufficient production capacity to meet bunker fuels demand with less than 0.5% m/m sulphur content, according to GlobalData, a leading […]
Renewable Power Capacity to increase by 14.7 GW in Argentina during 2019–2030
Renewable power capacity (excluding small hydropower) in Argentina is expected to show a significant growth rate, registering a Compound Annual Growth Rate (CAGR) of 17.8% during 2019-2030. Renewable installations sector will increase by 14.7 GW in order to meet the increasing demand, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Argentina […]
Road ahead still difficult for biosimilar producers in the US despite new FDA guidance on interchangeability
Following news that the FDA has finalized its guidance on interchangeable biosimilars; Rose Joachim, PhD Senior Immunology Pharma Analyst at GlobalData, a leading data and analytics company, offers her view on the implications for Immunology; ‘’The FDA’s new guidance is a huge step forward, however the new specifications will still make it a hard road […]
Banking via Facebook messaging fails to take off, due to the lack of popularity within the UK
Facebook recently pulled the ability for users to pay their friends via Messenger, due to its lack of popularity among users in France and UK which led to its demise, according to GlobalData, a leading data and analytics company. The feature allowed users to set up a payment account enabling them to both send and […]
Nigeria dominates crude production outlook from greenfield projects in sub-Saharan Africa over next six years
Nigeria will contribute 46% of sub-Saharan Africa’s total crude production from planned and announced projects (greenfield projects) in 2025, according to GlobalData, a leading data and analytics company. The company’s report: ‘H1 2019 Production and Capital Expenditure Outlook for Key Planned and Announced Upstream Projects in Sub-Saharan Africa – Nigeria Dominates Crude Production and Capex […]
APAC countries shifting towards sustainable environment by implementing renewable energy auctions
Asia Pacific (APAC) countries are adopting several strategies and roadmaps to achieve the renewable energy target designated by their nations. Countries such as India, Kazakhstan, Indonesia, Pakistan and Taiwan have implemented auctions to drive their renewable energy market, according to GlobalData, a leading data and analytics company. The company’s latest report ‘Asia Pacific Renewable Energy […]
Newmont Goldcorp expected to account for 7.1% of global gold production in 2019
Newmont Mining Corporation merged with Canada’s Goldcorp to form Newmont Goldcorp Corporation, the largest gold producer. With an estimated gold production at 8.4 million ounces in 2019, equivalent to 7.1% of global production, versus 5.6 million ounces for Barrick Gold, and 2.8 million ounces for Kinross Gold, says GlobalData, a leading data and analytics company. […]
Infrastructure construction to drive Poland’s construction industry, with total output set to reach US$148.6bn in 2023
The Polish construction industry regained growth momentum in 2018, with output expanding by 17.0% in real terms – up from 6.5% in 2017. The industry’s output value is expected to continue its momentum and grow at a compound annual growth rate (CAGR) of 4.61% in real terms between 2019 and 2023, driven by the government’s […]
Video games market set to become a $300bn-plus industry by 2025
The video games market will more than double to become a $300bn-plus industry by 2025, according to GlobalData, a leading data and analytics company. According to the company’s latest thematic report, ‘Video Games’, the market will grow from $131bn in 2018 to $305bn in 2025, at a compound annual growth rate (CAGR) of 13%. Mobile […]