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India’s insurance policy change from ‘File and Use’ to ‘Use and File’ will both improve choice for customers and help insurers get new products processed more quickly Older policy caused big delays in the introduction of COVID-19 insurance products General insurance industry in India will register a compound annual growth rate (CAGR) of 9.9% over […]
Over-the-counter hearing aid launches expected but brands likely to err on the side of caution after Bose’s exit, says GlobalData
Following the news that the Food and Drug Administration (FDA) is drafting proposed regulations for a new type of hearing aid for people that struggle with background noise or find hearing in social situations challenging, GlobalData notes that growth and innovation within consumer medical devices will likely catalyse increasing volumes of over-the-counter (OTC) product launches, […]
Fed rate hike to slow down the US economy in 2022, says GlobalData
Following the news that the US Federal Reserve approved the largest rate hike since 1994 to combat the 40-year high inflation; Bindi Patel, Economic Research Analyst at GlobalData, a leading data and analytics company, offers her view: “With inflation levels set to reach a 40-year high in May 2022, the US Federal Reserve’s announced interest […]
US Army looks to remain flexible with latest requirements for Optionally Manned Fighting Vehicle program, says GlobalData
Following the news that representatives from the US Army’s Program Executive Office–Ground Combat Systems (PEO-GCS)—reiterated that current requirements for the OMFV remain malleable in anticipation of the publication of Requests for Proposal (RFP) for the third and fourth stages of the troubled program later this month; Tristan Sauer, Land Domain Analyst at GlobalData, offers his […]
Major League Baseball needs more home runs to compete with more action-packed sports as TV viewership sees 12% decline in 2021, says GlobalData
Following a 12% decline in Major League Baseball (MLB) TV viewership between 2019 and 2021, GlobalData notes that the sport is struggling to appeal to younger viewers—estimating that the average age of a baseball fan in North America is 57. The leading data and analytics company highlights that the slow-nature of baseball is often outdone […]
Salesforce’s NFT Cloud could promote widespread adoption of NFTs and broader Web3 themes, says GlobalData
Following the news that Salesforce has launched NFT Cloud, an NFT minting and sales platform, and Salesforce’s own employees have already protested NFT Cloud on ESG* grounds; Amrit Dhami, Associate Analyst at GlobalData, a leading data and analytics company, offers her view: “Salesforce’s NFT Cloud is not too late to the party and the leading […]
UK MoD quantum computing investment the first of many in public services, but the technology currently provides few tangible benefits to military commanders, says GlobalData
Following the news that the British government has purchased its first quantum computer, and will be working alongside Orca Computing to explore future applications for quantum technologies within the defense sector; Robert Stoneman, Service Director at GlobalData, and Tristan Sauer, Land Domain Analyst at GlobalData, offer their views: Stoneman comments: “The purchase of Orca’s PT-1 […]
10% of Twitter’s active accounts are posting spam content, estimates GlobalData
A mathematical model designed by GlobalData has estimated that around 10% of Twitter’s active accounts are posting spam content. The leading data and analytics company notes that this is double that of Twitter’s reported figure—likely due to a difference in criteria as to what counts as ‘spam’. Sidharth Kumar, Senior Data Scientist at GlobalData, comments: […]
Labor Party majority to support Australia construction industry growth of 4.3% in 2022, says GlobalData
With the Australian Labor party securing a majority in government, GlobalData has noted that it continues to hold a positive view on the outlook for Australia’s construction industry this year. The leading data and analytics company expects the country to see record construction industry growth of 4.3% this year, and record a 3-year compound annual […]
WatchOS 9’s long-anticipated key workout and health features will continue to ensure Apple’s domination of the wearables market, says GlobalData
Following the announcement of WatchOS 9 during Apple’s 2022 WWDC event; Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “This year’s WatchOS update focuses heavily on staying ‘active and healthy’, two elements that are paramount to the success of a wearable device. “WatchOS 9 builds on the Workout […]
Job postings suggest that ESG is key area of interest for deal making and M&A activity, according to GlobalData
ESG* has been identified as key areas of interest for merger and acquisition (M&A) activity, according to analysis of GlobalData’s Job Analytics Database, as part of research for its report ‘Global Hiring Activity Signals & Trends Q1 2022’. The leading data and analytics company reveals that there were over 60,000 job postings in Q1 2022 […]
Biohaven’s zavegepant nasal spray for migraines set to reach sales of $206.8 million in 2030, says GlobalData
Biohaven’s migraine nasal spray zavegepant is set to generate annual sales of $206.8 million in the US following the potential approval of its NDA*, which was received by the FDA last week, according to GlobalData. The leading data and analytics company notes that the drug’s alternative delivery offers it a competitive advantage, but key opinion […]
A consortium of chipmakers prepared to buy Arm outright would be a semiconductor industry gamechanger, says GlobalData
Following the news that Qualcomm would be prepared to invest in Arm alongside rival semiconductor companies or could join forces with other chipmakers to buy Arm outright; Mike Orme, Consultant Analyst in the Thematic Research Team at GlobalData, offers his view: “This could be the most significant event in the semiconductor industry since Intel, TSMC, […]
Launch of third Long March-5B raises issue of responsible conduct in space, says GlobalData
Following the news that the China Manned Space Engineering Office (CMSEO) has delivered the Long March 5B (LM-5B) rocket intended to carry the second module of China’s space station to orbit; Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “Delivery of the Long March 5B (LM-5B) demonstrates China’s […]
Russia-Ukraine conflict offers NATO members insight into 21st century high-intensity warfare, says GlobalData
Following the news that the British government has announced that it will provide £25 million in funding to the domestic defense sector to encourage innovation and bolster the industry’s capacity to fulfill the UAF’s requirements*; Tristan Sauer, Land Domain Analyst at GlobalData, a leading data and analytics company, offers his view: “The Russia-Ukraine conflict has […]
Rising healthcare costs threaten hospital wellbeing, says GlobalData
COVID-19 has done more than hurt our health, it has also damaged our healthcare system, and steps are required to fix it, says GlobalData, a leading data and analytics company. James Spencer, Data Scientist at GlobalData, comments: “Our healthcare industry is in dire need of financial help or a policy restructure to allow it the […]
Metaverse data privacy and safety issues will only increase as more people use these platforms, says GlobalData
While the metaverse will make digital experiences more immersive, inclusive, and accessible, the platform will raise social concerns ranging from data privacy to other forms of online harm, and these will only continue unless explicitly addressed within the foundations, according to GlobalData, a leading data and analytics company. Rupantar Guha, Principal Analyst in the Thematic […]
Sainsbury’s price lock to help maintain loyalty as cash-strapped consumers’ financial concerns return to pandemic peak, says GlobalData
Following today’s news that Sainsbury’s will invest £500 million to tackle the cost-of-living crisis by increasing pay and price locking products until the end of the year; Nidhi Chauhan, Senior Food & Grocery Analyst at GlobalData, a leading data and analytics company, offers her view: “UK retailers are trying to keep up with discounters when […]
Fraud prevention desperately needed for crypto and central bank digital currencies as sector a prime target for hackers, says GlobalData
Following the news that Indexed Finance is still trying to recover the $16 million it lost as part of an elaborate flash loan hack back in October 2021; Chris Dinga, Payments Analyst at GlobalData, a leading data and analytics company, offers his view: “The growing popularity of the crypto sector has made it a prime […]
Top 25 retailers by revenue in FY2021 revealed by GlobalData
Half of the top 25 publicly traded global retailers* reported more than 8% year-on-year (YoY) growth in revenue despite pandemic-related challenges, according to GlobalData. The leading data and analytics company notes that retailers worldwide were able to quickly adapt to COVID-19 challenges by swiftly improving e-commerce options. Meanwhile, pharmaceutical retailers and home improvement/gardening supply retailers […]