Sarath.Chandra@globaldata.com

Aerospace, Defense & Security

South Korea defense budget to rebound in 2024 after 2023 dip amidst growing threats from North Korea, China, predicts GlobalData

The escalating tensions with North Korea and China’s growing assertiveness have compelled South Korea to enhance its military capabilities and preparedness, such as investing in new weapons systems, expanding military personnel, and strengthening cybersecurity infrastructure. Against this backdrop, the country’s defense budget is forecast to increase to $52.1 billion in 2028, according to GlobalData, a […]

Business Fundamentals

UK startups secure $5.1 billion venture capital during January-April 2023, reveals GlobalData

The UK-based startups managed to raise $5.1 billion venture capital (VC) funding during January to April 2023, which is 53.2% less compared to $10.8 billion raised during the same period the previous year, reveals GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that a total of 471 VC […]

Disruptor

Tech giants advance in generative AI with multifaceted approach, says GlobalData

As the global appetite for generative artificial intelligence (GenAI) reaches unprecedented levels, technology behemoths such as Microsoft, Google, Meta, and Amazon are not merely allocating substantial resources to develop novel GenAI models but are also actively pursuing advancements in product offerings, foundational infrastructure, and strategic collaborations to strengthen their positions across the GenAI technology spectrum, […]

Business Fundamentals

GlobalData report finds cybersecurity, AI as top themes for Google as it looks to push boundaries with Generative AI

Google’s recent announcement of integrating generative artificial intelligence (AI) models into its cloud platform and workspace highlights its dedication to bolstering cybersecurity. With a focus on generative AI, AI applications, workspaces, APIs, and cybersecurity, Google is taking the lead in adopting the latest technologies like PaLM and LaMDA. This pivotal step paves the way for […]

Strategic Intelligence

APAC M&A deal value drops 28% during Q1 2023, reveals GlobalData

The Asia-Pacific (APAC) region witnessed a significant 28% quarter-on-quarter (QoQ) decline in mergers and acquisitions (M&A) deal value to $105.9 billion during the first quarter (Q1) of 2023. Economic uncertainties, geopolitical tensions, and stricter regulations have exerted an impact, shaping the M&A landscape in the region, according to the latest M&A report from GlobalData, a […]

Medical Devices

New breast cancer screening guidelines to boost mammography equipment market, forecasts GlobalData

The US Preventative Services Task Force (USPSTF) has issued new breast cancer screening guidelines that lower the recommended age for mammograms from 50 to 40, potentially giving a significant boost to the mammography equipment market. Valued at $1.9 billion in 2021, the global mammography equipment market is projected to reach a staggering $4.3 billion in […]

Banking

Mobile wallets market in India to surpass $5 trillion in 2027, forecasts GlobalData

Mobile wallet usage is growing at a robust pace in India and is gradually displacing traditional payments such as cash and cards. Payments through mobile wallets are anticipated to grow at a compound annual growth rate (CAGR) of 23.9% between 2023 and 2027 and reach INR472.6 trillion ($5.7 trillion) in 2027, forecasts GlobalData, a leading […]

Business Fundamentals

US startups raise $45.6 billion venture funding in January-April 2023, reveals GlobalData

A total of 2,577 venture capital (VC) funding deals were announced in the US during January to April 2023 while the disclosed funding value of these deals stood at $45.6 billion, finds GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that VC deals volume in the US declined […]

Pharma

Novavax AI approach to COVID-influenza vaccine design pays off in Phase II trial, says GlobalData

Artificial intelligence (AI) has been fundamental to the development of Novavax’s COVID-Influenza Combination (CIC) vaccine reflecting a wider industry trend for increased usage of AI in clinical trial design, says GlobalData, a leading data and analytics company. Novavax has recently announced topline results from a Phase II trial for its CIC vaccine. The data indicates […]

Technology

GlobalData offers key insights for enterprises to overcome challenges for implementation of generative AI

Implementing generative AI comes with a multitude of challenges for enterprises. They include identifying suitable use cases, vendor selection, and addressing ethical considerations. The concerns regarding privacy, content generation, copyright infringement, and data leakage add to the complexity. As a result, enterprises need multidisciplinary AI and Ethics teams to navigate these challenges and ensure responsible […]

Medical Devices

China heart assist devices market set to grow at 6% CAGR through 2030, forecasts GlobalData

China’s rapidly aging population is expected to see a surge in the prevalence of cardiovascular disease, driving demand for heart assist devices in the country. However, the risks associated with mechanical heart assist devices have led to increased interest in physiological heart assist devices as a safer and more effective alternative. As a result, the […]

Business Fundamentals

GlobalData Social Media Analytics reveals top 10 companies lording over BNPL conversations past 12 months

The Buy Now, Pay Later (BNPL) industry witnessed exponential growth during the COVID-19 pandemic, led by surge in digital payments. Since inflation and interest rates increased in June 2022, the BNPL-related social media discussions’ peak started to fade. , the social media share of voice (Twitter and Reddit) focused on BNPL revealed that Apple Pay […]

Medical Devices

Agilent, Theragen Bio collaboration to advance next generation sequencing tests market in South Korea, says GlobalData

Agilent Technologies Inc. has recently signed a memorandum of understanding with Theragen Bio to advance bioinformatic technologies for cancer genomic profiling (CGP) by combining next generation sequencing (NGS) and bioinformatics capabilities. The partnership is expected to not only boost the NGS market in South Korea, but also improve cancer care by enabling personalized and faster treatment decisions, […]

Medical Devices

Atellica CI 1900 Analyzer to expand integrated clinical chemistry and immunochemistry assay options in South Korea, says GlobalData

At the recently held Korean Society for Laboratory Medicine’s 2023 spring symposium, Siemens Healthineers AG has launched Atellica CI 1900 Analyzer in South Korea. The integrated biochemical and immunoassay solution is expected to contribute to the growth of the integrated clinical chemistry and immunochemistry analyzers market in South Korea, says GlobalData, a leading data and […]

Business Fundamentals

Amidst declining job postings, digitalization and AI themes trending in Q1 2023, reveals GlobalData

New job postings decline by 19.1% Key themes driving hiring trends are Cloud, AI and Big Data The first quarter (Q1) of 2023 saw many companies across the globe announcing layoffs amidst a continuous decline in job postings. Major players like Salesforce, Accenture, and JP Morgan Chase & Co are among the companies that have […]

Business Fundamentals

AI’s new era of communication with ChatGPT brings concerns about cybersecurity and search engine ranking, finds GlobalData

The development of advanced language models such as ChatGPT (Generative Pre-trained Transform) has triggered discussions among companies regarding the potential risks associated with generative AI technology. While some believe that AI-powered products may improve efficiency and productivity, others worry about the impact on cybersecurity, search engine ranking, and profitability, says GlobalData, a leading data and […]

Construction

North-East Asia construction growth to slow to 2.4% in 2023, forecasts GlobalData

Construction activity is expected to slow across much of North-East Asia this year, with the continued weakness in the real estate sector in China being the most significant drag on growth in the region. As a result, GlobalData, a leading data and analytics company, has revised down its forecast of North-East Asian construction output from […]

Business Fundamentals

Global VC deal activity takes hit in Q1 2023, decline more prominent in high-value deals, finds GlobalData

Global venture capital (VC) deal activity took a year-on-year (YoY) hit in the first quarter (Q1) 2023 and deal volume across most of the funding sizes experienced decline but the impact was more prominent for high-value transactions. This indicates a potential shift in the VC landscape, as investors become more cautious and selective with their […]

Construction

Deteriorating economic conditions to weigh heavily on Eastern European construction in coming years, says GlobalData

Construction output in Eastern Europe is expected to contract by 2% in 2023, as the headwinds that arose last year will continue to weigh on the industry and firms will struggle to sustain high levels of activity, according to GlobalData, a leading data and analytics company. Stronger-than-expected data from Q3 and Q4 2022 caused annual […]

Power

Low carbon hydrogen to play defining role in energy transition, says GlobalData

The hydrogen market has progressed rapidly in recent years due to its growing application in industries like the transport, industrial, energy, aerospace, defence, and construction sectors. Against this backdrop, low carbon hydrogen is gaining traction as a critical component to achieve energy transition and long-term decarbonization goals, says GlobalData a leading data and analytics company. […]

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South Korea defense budget to rebound in 2024 after 2023 dip amidst growing threats from North Korea, China, predicts GlobalData

UK startups secure $5.1 billion venture capital during January-April 2023, reveals GlobalData

Tech giants advance in generative AI with multifaceted approach, says GlobalData

GlobalData report finds cybersecurity, AI as top themes for Google as it looks to push boundaries with Generative AI

APAC M&A deal value drops 28% during Q1 2023, reveals GlobalData

New breast cancer screening guidelines to boost mammography equipment market, forecasts GlobalData

Mobile wallets market in India to surpass $5 trillion in 2027, forecasts GlobalData

US startups raise $45.6 billion venture funding in January-April 2023, reveals GlobalData

Novavax AI approach to COVID-influenza vaccine design pays off in Phase II trial, says GlobalData

GlobalData offers key insights for enterprises to overcome challenges for implementation of generative AI

China heart assist devices market set to grow at 6% CAGR through 2030, forecasts GlobalData

GlobalData Social Media Analytics reveals top 10 companies lording over BNPL conversations past 12 months

Agilent, Theragen Bio collaboration to advance next generation sequencing tests market in South Korea, says GlobalData

Atellica CI 1900 Analyzer to expand integrated clinical chemistry and immunochemistry assay options in South Korea, says GlobalData

Amidst declining job postings, digitalization and AI themes trending in Q1 2023, reveals GlobalData

AI’s new era of communication with ChatGPT brings concerns about cybersecurity and search engine ranking, finds GlobalData

North-East Asia construction growth to slow to 2.4% in 2023, forecasts GlobalData

Global VC deal activity takes hit in Q1 2023, decline more prominent in high-value deals, finds GlobalData

Deteriorating economic conditions to weigh heavily on Eastern European construction in coming years, says GlobalData

Low carbon hydrogen to play defining role in energy transition, says GlobalData

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