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Following today’s news (18 October) that Facebook will hire 10,000 people to work on the metaverse; George Monaghan, Thematic Analyst GlobalData, a leading data and analytics company, offers his view: “At this point, the metaverse is roughly at the same stage of development as the internet was in the mid 1990s. There’s lots of talk, […]
$146.12m could be lost from an entire season without fans in MotoGP, says GlobalData
With a number of Grand Prix for the 2021 season having already announced plans to forgo attendances, the cost of an entire season without fans across the 22 races in MotoGP would see the competition lose out on nine-figure sums, says GlobalData, a leading data and analytics company. Jake Kemp, Sport Analyst at GlobalData, […]
Axsome Therapeutics’ novel antidepressant has blockbuster potential, says GlobalData
Following today’s news (26 April) that the Food and Drug Administration (FDA) has accepted Axsome Therapeutics’ new drug application (NDA) for its novel antidepressant therapy AXS-05, and granted it priority review; Philippa Salter, Neurology Analyst at GlobalData, a leading data and analytics company, offers her view: “GlobalData forecasts that AXS-05 will have the potential to […]
Angolan defense budget increase set to benefit Russian and Chinese firms, says GlobalData
Angola’s defense and security expenditure is expected to be valued at $8.5bn cumulatively over the 2022 to 2026 period Between 2022 and 2026, GlobalData projects Angola’s defense and security expenditure will grow at a compound annual growth rate (CAGR) of 3.2% from $0.9bn in 2021 to $1.9bn by 2026 Between 2015 and 2019, Russia was […]
Google Cloud job postings on rise with more M&As in focus, finds GlobalData
Alphabet’s (Google) hiring has significantly tilted towards Google Cloud, with job postings for the platform contributing to around 30% of total jobs since January 2020, according to the Job Analytics platform by data and analytics company GlobalData. This hiring activity indicates that Google Cloud’s infrastructure, platform capabilities and industry solutions are directed to launch new […]
GCHQ boss right to recognise quantum threat, says GlobalData
Following Jeremy Fleming’s Vincent Briscoe Lecture 2021, where he spoke about the geopolitical competition in technology and its ramifications for the UK; Sam Holt, Analyst, Thematic Research at GlobalData, a leading data and analytics company, offers his view: “Quantum computing – and indeed quantum technology more generally – is rapidly becoming critical for companies and […]
Virgin Media and O2’s merger could increase competition in the UK, says GlobalData
Having received final approval by the UK’s Competition and Markets Authority (CMA) the proposed merger of Liberty Global-owned Virgin Media and Telefonica-owned O2 will bring together one of the UK’s four nationwide mobile networks and the UK’s only DOCSIS cable broadband networks. Gary Barton, a Principal Analyst at data and analytics company GlobalData, believes that […]
Digital transformation speeds ahead in insurance market as AI platform spending to grow by almost a quarter each year between 2019 and 2024, says GlobalData
The changing customer landscape due to the COVID-19 pandemic has necessitated innovation within the insurance industry. Not only are incumbent firms at threat from insurtechs using technology to personalize the insurance experience, but the shift towards digital insurance has been hastened. Data and analytics company GlobalData forecasts that AI platform revenues in the insurance sector […]
Equinor on track to see over 650,000boed of its oil and gas production base powered from shore by 2025, says GlobalData
As a leader of upstream oil and gas field electrification, Equinor is involved in both active and upcoming electrification projects across the Norwegian Continental Shelf. Successful commencement of its total project pipeline could see the company electrifying over 35% of its total oil and gas production base by 2025 through power from shore, according to […]
International arrivals to South America fell by 48% in 2020, according to GlobalData
Peru was the most affected by the pandemic with a 73% drop in international visitors, followed by Venezuela (71%) and Ecuador (70%) Chile was the least affected with international tourists falling by 25% followed by Argentina (27%) and Colombia (30%) GlobalData projects South America’s International tourism market will not reach pre-pandemic levels until at least […]
‘Digital’ and ‘DTC’ top the agenda for Nike, while discussions around M&A grew in 2020 and Q1 2021, says GlobalData
Mentions of ‘direct-to-consumer’ (DTC) and ‘mergers and acquisitions’ (M&A) in earnings transcripts saw over 100% and 200% growth, respectively, between 2019 and 2020, according to the filing analytics database by GlobalData. With digital revenues skyrocketing, the data and analytics company notes that this area could be a real stand-out segment for Nike, which has seen […]
Nestlé set to make promising start to 2021 building on health and nutrition portfolio, says GlobalData
Nestlé has seen sustained growth over the pandemic period, largely driven by selective acquisitions and divestments that have allowed the company to foster its premium and specialized product lines. The acquisition of Essentia in March 2021 is a prime example, the move having come off the back of the Nestlé Waters North America divestment and […]
UK’s new climate targets to reinforce green competition, says GlobalData
Following the news that the UK’s sixth Carbon Budget will set in law new targets to cut emissions 78% by 2035, compared to 1990 levels, and incorporate the UK’s share of international aviation and shipping emissions; The Thematic Team at GlobalData gives their view on the situation: Luke Gowland, Thematic Analyst at GlobalData, a leading […]
Ongoing COVID-19 uncertainty in Europe to hinder Heineken’s full growth aspirations, says GlobalData
Following today’s news (21 April) that Heineken has released its Q1 2021 financials; Carmen Bryan, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “While Heineken’s Q1 2021 earnings are a step in the right direction, the company’s full recovery potential is dampened by ongoing challenges in the foodservice industry, paired […]
Double-play steals triple-play’s thunder in US cable and fixed telecom bundle, according to GlobalData
Triple-play bundles now account for only 34% of service packages offered online, down from 41% in 2019 Triple-play and internet-plus-entertainment double-play bundles together account for roughly 80% of current online offers With growing demand for connectivity, internet service is firmly at the core of service bundle offers Shifting user demand and cost considerations mean triple-play […]
New soccer ‘Super League’ could destroy English Premier League rights process, says GlobalData
Following today’s news (Monday 19 April) that 12 European soccer clubs plan to form a breakaway Super League; Conrad Wiacek, Head of Sport Analysis at GlobalData, a leading data and analytics company, offers his view on the state of the media rights market: “The Super League proposal, led by 12 European clubs, is a direct […]
Sullivan & Cromwell and Kirkland & Ellis were top M&A legal advisers by value and volume in North America for Q1 2021, finds GlobalData
Sullivan & Cromwell and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in North America for Q1 2021 by value and volume, respectively. Sullivan & Cromwell advised on 32 deals worth $109.3bn, which was the highest value among all advisers. Meanwhile, Kirkland & Ellis led in volume terms having advised on […]
AI to give sports teams essential competitive edge by boosting team efficiency on the field, says GlobalData
AI is the key to getting the most out of the sport industry’s vast stores of data and will allow teams to produce tangible insights, according to GlobalData. The leading data and analytics company notes that data science assisted by machine learning and AI-enabled Internet of Things (IoT) devices are the future of maximizing performance […]
Food delivery companies are using data and AI as their competitive advantage to break into the food production market, says GlobalData
The challenges for foodservice operators brought about by online food delivery and takeaway meals have only intensified since the pandemic began. Aggregators are capitalizing on the disruption to drive revenue, with AI technologies a key element of their success. AI is essential for these companies because it allows them to make the most of the […]
Global intraocular lens (IOL) market set to reach $5.2bn by 2030, says GlobalData
The global intraocular lens (IOL) market was valued at $3.5bn in 2020 and is set to increase at a compound annual growth rate (CAGR) of 4.1% due to the increasing sales of Monofocal, Multifocal, Toric and Polymethyl Methacrylate (PMMA) IOLs according to GlobalData, a leading data and analytics company. This market valuation by GlobalData takes […]