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Following the news that Garmin has launched the Fēnix 7 Pro and the Epix Pro (Gen 2) Series smartwatches in the US; Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “Garmin’s new premium smartwatches build upon what the older generations offer by upping the fitness and health tracking […]
Top 20 APAC tech firms overcome challenges with modest revenue growth in 2022, reveals GlobalData
The year 2022 was a mixed one for the Asia-Pacific (APAC) technology industry with 55% (11) of the top 20 technology* companies witnessing year-on-year (YoY) cumulative revenue growth, while others facing challenges. This resulted in a modest 0.2% increase in aggregate revenue, reaching an impressive total of $1.2 trillion, reveals GlobalData, a leading data and […]
Strong safety data to support etrasimod entry to ulcerative colitis market, says GlobalData
The market for ulcerative colitis (UC) is filled with a number of different treatment options, and the pipeline is relatively strong. Pfizer’s etrasimod is a notable agent in the late-stage UC pipeline which is a once-daily oral sphingosine-1-phosphate (S1P) modulator. The company recently presented long-term safety data spanning 2.5 years at the Digestive Disease Week […]
GlobalData Q1 2023 report reveals positive company filings sentiment and embrace of technological advancements for enhanced business growth
Technology, Automotive, Pharma, Medical, Foodservice, Insurance and Power industry sentiment was more positive Belarus and China mentions up. Sentiment improved for Philippines, Vietnam, India, and Indonesia Mentions of AI and Inflation also up during the quarter Company filings sentiment was slightly up by 3.1% year-on-year (YoY) in the first quarter (Q1) of 2023. Notably, the […]
Alnylam patent lawsuit against Pfizer, Moderna highlights escalating legal pressure on big pharma companies, says GlobalData
Biotech company Alnylam Pharmaceuticals has filed a third patent lawsuit against Pfizer and Moderna, alleging unauthorized use of its proprietary lipid nanoparticle (LNP) vaccine delivery technology in their COVID-19 vaccines. This move highlights the escalating legal pressure on big pharma companies as they face multiple claims related to LNP technology, with Alnylam seeking substantial royalty […]
M&S turnaround strategy shows promise with strong end-of-year results, non-food categories stand out as triumph, says GlobalData
The recent release of end-of-year results has brought encouraging news for British retailer Marks and Spencer (M&S), showcasing the potential success of its comprehensive turnaround strategy despite the presence of challenging external headwinds. Against the backdrop of historic inflation levels that have fueled strong like-for-like sales among food retailers, it is the performance of M&S’s […]
Japan economy poised for moderate 1% expansion in 2023 despite challenges, forecasts GlobalData
Despite potential challenges posed by high prices and lower external demand, Japan’s economy is poised to experience a moderate recovery following its reopening in October 2022. Against this backdrop, the Japanese economy will maintain its growth momentum with a projected expansion of 1% in 2023, the same as the previous year, forecasts GlobalData, a leading […]
5G only positive trend in an otherwise stagnant Hong Kong mobile services market, says GlobalData
The mobile services market in Hong Kong faces stagnation, with limited overall revenue growth projected despite the anticipated surge in 5G service adoption. While 5G represents a positive trend, the industry is expected to witness only marginal expansion, reaching $2.8 billion in 2027 from $2.7 billion in 2022, forecasts GlobalData, a leading data and analytics […]
Janssen Tremfya excels as psoriasis treatment, outshining IL-17s, says GlobalData
Janssen Pharmaceuticals, a subsidiary of Johnson & Johnson (J&J), has recently released new data on Tremfya (guselkumab), a monoclonal antibody that targets IL-23 in adults with moderate-to-severe plaque psoriasis (PsO). Tremfya, the first approved IL-23 inhibitor in the US, has potential for various indications and is forecasted to generate $8.6 billion in global sales by […]
Retailers must take more Pride in their support for LGBTQ+ communities, says GlobalData
Pride Month has become a time when retailers aim to express solidarity with the LGBTQ+ community by altering their logos with vibrant rainbow hues. However, many consumers view such logo changes as shallow publicity stunts or a strategy to dodge potential backlash, reveals GlobalData, a leading data and analytics company. Retailers must carefully consider their […]
Saudi Arabia card payments market to grow by 14.6% in 2023, forecasts GlobalData
The Saudi Arabia card payments market is expected to grow by 14.6% in 2023 to reach SAR532.1 billion ($141.9 billion). Growth will be driven by increasing preference for electronic payments, a surge in contactless payments, and the government’s push for a cashless society, says GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics […]
Innovations in sustainable food, wellness, personalization transform consumer industry, reveals GlobalData FutureTech report
The rapid emergence of game-changing technologies such as textured vegetable proteins (TVP), recombinant steviol glycosides (RSG), and generative artificial intelligence (GenAI) is revolutionizing the consumer industry. These innovations have the potential to reshape business models, strategic thinking, and investment decisions, driving sustainability, health, and intelligence, according to GlobalData, a leading data and analytics company. GlobalData’s […]
Fixed communication services revenue to grow at 2.1% CAGR during 2022-2027 in Hong Kong, forecasts GlobalData
The fixed communication services revenue in Hong Kong is expected to increase at a compound annual growth rate (CAGR) of 2.1% from $3 billion in 2022 to $3.3 billion in 2027, supported by the fixed broadband service segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s Hong Kong Fixed Communications Forecast (Q1 2023) reveals […]
China poised to lead the way with world’s first oral insulin for type 2 diabetes, says GlobalData
Hefei Tianhui Biotechnology Co. Ltd. (HTIT) has recently submitted a marketing authorization application (MAA) in China for the world’s first oral insulin for type 2 diabetes (T2D). If approved, China will become the world’s first country with oral insulin availability, says GlobalData, a leading data and analytics company. According to GlobalData’s Pharma Intelligence Center, there are […]
Top 25 global retailers thrive amidst challenges to post 7.1% YoY revenue growth in 2022, reveals GlobalData
Despite the challenges of high inflation rates, labor shortages, and disruptions in the supply chain, the top 25 publicly traded global retailers achieved a remarkable year-on-year (YoY) revenue growth of 7.1% to $3.5 trillion in 2022. The retail industry worldwide reaped the benefits of COVID-19 pandemic-induced circumstances as consumers were compelled to shift their shopping […]
Card payments in Japan to surpass $700 billion in 2023, forecasts GlobalData
Japan’s card payments market is expected to grow by 7.5% in 2023 to reach JPY97.3 trillion ($742.4 billion) in 2023, driven by the growing consumer preference for electronic payments, says GlobalData, a leading data and analytics company. GlobalData’s Japan Payment Cards Analytics reveals that card payments value in Japan was estimated to register a healthy […]
Top 25 global tech companies post resilient YoY revenue growth of 5.2% in 2022, reveals GlobalData
In a challenging economic climate, the top 25 publicly traded global technology companies displayed remarkable resilience by achieving an impressive 5.2% year-on-year (YoY) revenue growth, surging to an astounding $3 trillion in 2022. Despite facing significant challenges such as geopolitical risks and supply chain disruptions, these companies performed remarkably well, reveals GlobalData, a leading data […]
Mobile service revenue to increase at 3% CAGR over 2022-2027 in South Korea, forecasts GlobalData
The total mobile services revenue in South Korea is poised to increase from $20.1 billion in 2022 to $23.2 billion in 2027, at a compound annual growth rate (CAGR) of 3%, mainly driven by the robust growth in M2M/IoT subscriptions and mobile data services segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s South […]
GenAI startups rewrite unicorn playbook: Race to billion-dollar valuations in record time, reveals GlobalData
Generative AI (GenAI) startups are stealing the tech spotlight as the linchpin in the AI revolution. Fueled by hefty venture capital backing, more than a dozen GenAI startups have sprinted to billion-dollar “unicorn” status in just three to four years on an average, shattering the typical 7–9-year norm of unicorns, according to GlobalData, a leading […]
Generative AI revolutionizes customer experience, automation, security in financial services industry, says GlobalData
Generative AI is revolutionizing the financial services industry by offering personalized customer experiences, enhanced decision-making capabilities, and efficient automation of processes. By analyzing vast volumes of data, generative AI enables financial institutions to adapt to the changing conditions, and detect and prevent fraud, says GlobalData, a leading data, and analytics company. Manish Dixit, Practice Head […]