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After almost three months since the start of the COVID-19 pandemic, GlobalData estimates crude oil production in the USL48 to reduce from an average of approximately 10.3 million barrels of oil per day (mmbd) in January 2020 to 8.2 mmbd in December. Consequently, the reduction in associated gas resulted in a decline in natural gas […]
CVMD clinical trials disrupted by COVID-19 slow to resume and investigation of diabetes drugs intensifies, says GlobalData
The clinical trial landscape has had multiple disruptions due to the COVID-19 pandemic, including the cardiovascular and metabolic disorder (CVMD) space. Despite a few trials resuming, most remain suspended or postponed indefinitely. Within the past two months, there has also been a noticeable uptick in COVID-19-related trials that are focusing on diabetes drugs, according to […]
Novo Nordisk aims to cement its dominance in the obesity market, says GlobalData
Novo Nordisk’s recent announcement of positive topline data from its Phase IIIa study STEP 4, investigating the use of semaglutide to treat obesity, will enable them to remain a leader in the obesity space, according to GlobalData, a leading data and analytics company. In early May, Novo Nordisk announced positive topline data from its Phase […]
HBO Max’s content comes at a steep price, says GlobalData
Following the launch of HBO Max; Danyaal Rashid, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view: “HBO Max is launching at a time when the subscription video on demand (SVOD) market is becoming increasingly saturated. New services from Disney, Apple and NBCUniversal (Peacock) have all been released in the past […]
Global meat substitutes market to rebound at 8.1% growth in 2021
The meat substitutes market is undergoing turbulent times, with several new ‘meat-free’ product launches having hit shelves over the past few months and consumer demand remaining high. A surface view would suggest that the market is performing well despite COVID-19 complications, however, on closer inspection it is clear that sales have hit a wall, says […]
Utilities might continue dealing with economic and operational challenges post the COVID-19 pandemic, says GlobalData
Due to COVID-19, electric utilities are exposed to various risks such as financial market volatility and erosion of market capitalization, credit and liquidity concerns, increase in government intervention, increasing unemployment and decline in consumer spending, production curtailment because of demand constraints, and other restructuring activities. These factors are expected to negatively impact a utility’s financial […]
Enrollment in PG&E’s CARE program tripled in April amid the COVID-19 pandemic, says GlobalData
Following the news that over 60,000 customers enrolled in Pacific Gas and Electric Company’s (PG&E)’s California Alternate Rates for Energy (CARE) Program in April, which is triple the usual monthly enrolment; Somik Das, Power Analyst at GlobalData, a leading data and analytics company, comments: “The program provides relief in the form of discounts to those […]
Uber could jeopardise its long-term future with short-term cost cutting
Following the recent news that Uber will lay off an additional 3,000 workers; Danyaal Rashid, Thematic Analyst at GlobalData, a leading data and analytics company, offers his view: “Uber’s latest round of job cuts finds the firm caught between cost cutting and continued innovation. Uber pioneered the ride-sharing industry and does not want to become […]
COVID-19 is causing childhood vaccination rates to plummet, says GlobalData
The COVID-19 pandemic caused a decrease in childhood vaccinations as preventative care was disrupted by the pandemic. The lack of vaccination could lead to another public healthcare crisis as diseases kept in check by vaccinations could have an outbreak, says GlobalData, a leading data and analytics company’. Natasha Karim, MPH, Managing Epidemiologist at GlobalData, comments: […]
Drug contract manufacture in Italy concentrated in worst-hit COVID-19 regions, says GlobalData
Italy is a major active pharmaceutical ingredient (API) supplier to the global market, and its stringent lockdown measures has caused disruption of the supply chains that relied on this manufacture during lockdowns. While the country is now looking to reduce these restrictions, as the rate of COVID-19 infections has fallen and pressure from businesses and […]
Collaboration software vendors must get used to the spotlight
Following Zoom’s service outage yesterday; David Bicknell, Principal Analyst in the Thematic Research Team at GlobalData, a leading data and analytics company, offers his view: “The pandemic has done more for video conferencing than any marketing campaign ever could. In these days of social distancing and enforced home-working, platforms such as Zoom have become a […]
COVID-19 to have long-term positive impact on ecommerce, says GlobalData
Ecommerce is playing a critical role in the fight against COVID-19, with online retailers experiencing a flood of orders from customers confined to their homes, says GlobalData, a leading data and analytics company. GlobalData’s recent report, COVID-19 Impact on Ecommerce, reveals that COVID-19 will have a long-term positive effect on the ecommerce sector, with even […]
Acquiring Grubhub won’t solve Uber’s problems, says GlobalData
Following the news that Uber is in talks to buy meal delivery company Grubhub; Ella Benson Easton, Thematic Analyst at GlobalData, a leading data and analytics company, offers her view: “Uber’s interest in buying Grubhub, a competitor of Uber Eats in the US, makes sense from a revenue perspective but does not address the root […]
Metaswitch acquisition continues to expand Microsoft’s telecom ecosystem focus, says GlobalData
Following the news that Microsoft will acquire Metaswitch Networks; John Byrne, Service Director, Telecom Technology & Software at GlobalData, a leading data and analytics company, offers his view on the acquisition: “Microsoft has made it clear, through a host of acquisitions and alliances, that the long term goal is to solidify Azure as the underlying platform […]
UK SVoD market to grow 100% over next five years, says GlobalData
The UK’s solid growth in subscription video on demand (SVoD) adoption is set to continue over the next five years, according to GlobalData, a leading data and analytics company. The total number of SVoD subscriptions is expected to double between 2019 and the end of 2024, rising from 22.4 million to 44.6 million. Total market […]
Freshfields Bruckhaus Deringer is top M&A legal adviser by deal value in UK for coronavirus-hit Q1 2020, says GlobalData
Freshfields Bruckhaus Deringer is the top mergers and acquisitions (M&A) legal adviser based on deal value in Q1 2020, according to GlobalData, a leading data and analytics company. The law firm advised on three deals worth US$44bn. According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world, confirmed […]
Apple drops to the bottom of GlobalData’s gaming software thematic scorecard due to COVID-19
Apple has fallen from eighth out of 38 companies to the bottom of the GlobalData’s gaming software thematic scorecard amid the COVID-19 pandemic Rupantar Guha, Senior Analyst for Thematic Research, offers his view: “Apple’s fall in the gaming software scorecard can be attributed to changes the company has made in its gaming revenue channels, the […]
COVID-19’s impact on IT services will be deep, immediate and long-lasting, says GlobalData
All IT services companies will have a difficult 2020 as a result of COVID-19, says GlobalData, a leading data and analytics company. The company’s latest report, COVID-19 Impact on IT Services, reveals that, while there may be a potential upside from COVID-19 for most tech, media and telecoms (TMT) sectors, there is little optimism around […]
COVID-19 has brought cloud services to the forefront, says GlobalData
An unplanned, widespread move to home-working would have brought businesses to a grinding halt had large investments in cloud computing not been made over the last ten years, says GlobalData, a leading data and analytics company. The company’s latest report, COVID-19 Impact on Cloud Services, reveals that the investment could now pay an unexpected dividend […]
Interest in esports is booming amid COVID-19, says GlobalData
Esports is the fastest growing theme in the gaming sector. These organized multiplayer video game competitions have enjoyed spectacular growth over the last decade, with thousands of fans filling stadiums to watch live events and millions following them on streaming platforms. Although esports currently caters to a niche audience – almost 10% of the global […]