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Following the news that virtual health insurer, Babylon Health, has suffered a data breach; Ben Carey-Evans, Insurance Analyst at GlobalData, offers his view: “Babylon Health will need to reassure potential customers that their data is safe in order to capitalize on what is looking to be a promising time for virtual appointments. GlobalData’s 2019 UK […]
TV streaming accounts will surpass 1 billion globally in 2020, says GlobalData
The number of online TV streaming accounts will reach 1.1 billion in 2020, surpassing traditional pay TV accounts for the first time, says GlobalData, a leading data and analytics company. According to the company’s latest report, Thematic Research: Internet TV, this marks a watershed moment in the history of TV consumption and illustrates how the […]
French construction industry to contract by 9.4% in 2020, says GlobalData
The construction industry in France is expected to shrink by 9.4% in 2020, according to GlobalData, a leading data and analytics company. This is despite the fact that the construction sector was exempted from the nationwide lockdown that had been in place since mid-March. Danny Richards, Lead Economist at GlobalData commented: “Despite the easing of […]
Dominance of wind projects in second CfD auctions highlights troubles of Italian solar PV market, says GlobalData
The ban of solar projects developed on farmlands and Italy’s complicated permit rules are the likely reasons for diminishing interest in solar PV development, says GlobalData, a leading data and analytics company. This puts a strain on the country’s need to simplify authorization, which will aid the growth of the sector. Somik Das, Power Analyst […]
Cycling boom a rare opportunity for insurers during pandemic, says GlobalData
Demand for bicycle insurance is set to soar as consumers look to avoid public transport during the pandemic, and digitally savvy insurers should capitalize. GlobalData research shows that the demand for bicycle insurance has increased in recent years, although it is still not a particularly common product. However, demand will increase as people return to […]
Expedia shutting multifamily business illustrates slower demand recovery in urban areas, says GlobalData
Following a recent announcement that Expedia Group has permanently closed its multifamily solutions business; Ralph Hollister, Analyst, Travel & Tourism at GlobalData, a leading data and analytics company, offers his view on the situation: “The current streamlining of operations within Expedia, combined with a lack of urban demand due to COVID-19, means the company will […]
Exelon maintains 2020 earning guidance and will offset impact of uncertain market conditions amid COVID-19, says GlobalData
Despite the reduction in demand due to the pandemic, Exelon has managed to maintain its 2020 earning guidance because the adjusted (non-GAAP) operating earnings remained consistent at $0.87 per share in Q1 2020. However, it is expected that Exelon’s utilities and Generation companies will undergo a reduction in operating revenues due to lower electric load […]
Car scrappage scheme would quickly benefit UK economy, says GlobalData
Following reports that a scrappage scheme to boost UK vehicle sales is now unlikely; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his views: “Just a few days ago, it seemed that a £6,000 new car purchase incentive scheme was close to being signed-off, but it looks like the Treasury […]
NATO-Turkey ties may find new grounds as cooperation deepens, says GlobalData
Following the news regarding Turkey’s participation in Baltic Operations (BALTOPS 2020) exercise; Sourabh Banik, Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Turkey’s participation in the BALTOPS 2020 is an interesting development against the backdrop of a thriving connection between Ankara and Moscow, as the BALTOPS exercise intends […]
Sales of men’s styling products could increase due to COVID-19 lockdown measures, says GlobalData
During lockdown, many people’s grooming and styling rituals went out of the window. However, with lockdown relaxation expected to take place soon, there may be an upswing in the sales of styling products as people become more image-conscious again. Prior to the COVID-19 outbreak, 71% of men globally said that feeling physically attractive is either […]
Effects of the COVID-19 pandemic to bring temporary service irregularities resulting in a contraction in nuclear power generation, says GlobalData
As nuclear plants plan to continue operation in the pandemic they face a stiff challenge from a reduced workforce. The general safety embedded measures implemented in plants across the world are modified work schedules, adherence to social distancing guidelines. This has led to the drop in workforce availability, overburdening workers on-site, as their work schedules […]
Remdesivir faces challenges from vaccines, says GlobalData
While Gilead Sciences’ remdesivir has been declared the new standard of care for COVID-19 despite some mixed trial results, it will continue to face challenges from vaccines in the pipeline, says GlobalData, a leading data and analytics company. Once a vaccine is developed, the demand for remdesivir to treat COVID-19 patients will decline. Johanna Swanson, […]
Enterprise cloud spending will surpass $590bn by 2024, says GlobalData
Enterprise spending on cloud services and infrastructure will grow to $591.4bn by 2024, up from $398.0bn in 2020 at a compound annual growth rate (CAGR) of 8%, says GlobalData, a leading data and analytics company. According to the company’s latest report, ‘Thematic Research: Cloud Computing’, cloud computing’s importance has grown significantly in recent years. The […]
Amid the COVID-19, the partnership with Eneris, to relieve Leclanche off capital burden while guaranteeing production capacity, says GlobalData
The comprehensive Strategic partnership agreements signed between Leclanche and Eneris Group is likely to create a market-leading Joint Venture (JV). Amid the COVID-19, Leclanche had planned for a strategic reorganization. The partnership with Eneris Group will enable the Company to secure the funding and resources that are likely to help the Company achieve its goal […]
Amid the COVID-19, Leclanche launches its BOO model which is expected to boost the long term revenues, says GlobalData
Leclanché S.A. plans to create a separate holding company, the BOO HoldCo, where it shall retain a controlling majority stake.. To launch the highly profitable and selective Build-Own-Operate (BOO) business line, the company moved its St. Kitts project from a turnkey EPC contract to a BOO contract. While Leclanché will still build the project as […]
Zoom’s stellar growth is propelling it towards becoming a $100bn company, says GlobalData
Following the announcement of Zoom’s results for the first quarter of fiscal 2021; David Bicknell, Principal Analyst in the Thematic Research Team at GlobalData, a leading data and analytics company, offers his view: “Zoom’s videoconferencing made it a poster child of the pandemic and its current rate of growth will propel it towards a valuation […]
Ferring’s recent Milprosa approval set to partially address unmet need in the female infertility space, says GlobalData
Ferring Pharmaceuticals recently gained FDA approval for Milprosa, a once-weekly progesterone vaginal ring for the luteal phase support in women undergoing Assisted Reproductive Technology (ART) treatment cycles. According to GlobalData, US sales of the various progesterone options used for luteal phase support during ART cycles were estimated at $78M in 2019. By 2028 sales are […]
Eligibility questions remain about publicly traded bio/pharma companies that received Paycheck Protection Program loans, says GlobalData
At least 49 publicly traded bio/pharmaceutical companies took Paycheck Protection Program (PPP) loans from the US Government’s $659bn program despite official guidance that the money was not intended for large public companies, says GlobalData, a leading data and analytics company. Peter Shapiro, PhD, PharmSource and Senior Director, Drugs and Business Fundamentals Databases at GlobalData, comments: […]
North Ameican oil and gas pipeline sector continues working out strategies against the weak economy and COVID-19, says GlobalData
Weak economic outlook coupled with the impact of COVID-19 has hit the oil and gas industry in general, the North American oil and gas pipeline sector being no exception. As a result, major upcoming pipeline projects either being stalled or delayed in the region. Some of the major projects that have been stalled or delayed […]
Technology vendors target edge computing opportunities with innovative solutions, strategies and business models, says GlobalData
According to GlobalData’s new Competitive Landscape Assessment for Edge Computing Infrastructure, businesses, government and other organizations will invest in edge computing in order to harness several benefits. These include its ability to support a host of new digital applications that rely on high levels of performance such as video analytics, autonomous driverless vehicles, and immersive […]