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Goldman Sachs and PwC were the top mergers and acquisitions (M&A) financial advisers in Europe region during the first quarter (Q1) of 2023 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading data and analytics company. GlobalData’s Financial Deals Database reveals that Goldman Sachs achieved its leading […]
China multiplay service revenue to increase at 1.9% CAGR through 2027, forecasts GlobalData
Multiplay service revenue in China is set to increase at a compound annual growth rate (CAGR) of 1.9% from $1.7 billion in 2022 to $1.9 billion in 2027, in line with the continued rise in the number of multiplay households in the country and growth in the average monthly multiplay household spending, according to GlobalData, […]
Global submarine market to surpass $45 billion in 2033, forecasts GlobalData
Nations such as India and China are investing in submarine fleets, while major naval powers like France, the UK, and the US are procuring next-generation ballistic missile submarines (SSBNs). The US and France are also investing in nuclear-powered attack submarines, and Australia is set to join the restricted club of countries operating such submarines through […]
Companies must provide clarity around ESG strategies, says GlobalData
Despite the growing attention on environmental, social, and governance (ESG) performance, many companies are still struggling to communicate their ESG strategies to stakeholders, leading to a lack of awareness and understanding of their efforts in this area, according to GlobalData, a leading data and analytics company. GlobalData’s ESG Sentiment Polls Q4 2022 find that 68% […]
Mobile service revenue in Australia to increase at 4% CAGR over 2022-2027, says GlobalData
The total mobile service revenue in Australia is poised to increase at a compounded annual growth rate (CAGR) of 4% from $8.7 billion in 2022 to $10.6 billion in 2027, primarily driven by the mobile data services segment, according to GlobalData, a leading data and analytics company. GlobalData’s latest Australia Mobile Broadband Forecast (Q1 2023) […]
AI-backed innovations to drive Australia ultrasound systems market, says GlobalData
See-Mode Technologies, an Australia-based medical technology company, has recently received regulatory approvals for its artificial intelligence (AI)-powered software that automatically analyses and reports breast and thyroid ultrasound scans in Australia and New Zealand. Such AI-backed innovations are expected to drive the growth of the Australian ultrasound systems market, says GlobalData, a leading data and analytics […]
GlobalData warns rising ransomware attacks posing major cybersecurity threat to travel and tourism industry
The travel and tourism sector has become a prime focus for cyberattacks in recent times, resulting in ransomware incidents arising from data breaches. Against this backdrop, cybersecurity concerns within the industry have escalated with a 4% year-on-year (YoY) rise in 2022, reflecting the prevailing sentiment, says GlobalData, a leading data and analytics company. An analysis […]
Only one-third of companies have ESG strategy, reveals GlobalData
As the importance of sustainability and social responsibility continues to gain momentum, investors and stakeholders are increasingly holding businesses accountable for their environmental, social, and governance (ESG) performance. However, companies faced significant challenges in meeting their ESG goals in 2022, raising concerns about the long-term sustainability of their operations, says GlobalData, a leading data and […]
Declining faith in ESG strategies affects long-term sustainability, says GlobalData
Despite the growing emphasis on sustainability and social responsibility, faith in the effectiveness of environmental, social, and governance (ESG) strategies is waning. This sentiment raises concerns about the long-term sustainability of business operations and highlights the need for companies to recommit to their ESG goals, says GlobalData, a leading data and analytics company. GlobalData’s ESG […]
Subsidy-free offshore wind bids rise, while undersubscribed renewable power auctions pose concerns in Europe, says GlobalData
Renewable energy auctions in Europe are experiencing two contrasting trends. While the offshore wind segment has witnessed intense competition resulting in subsidy-free bids across major countries, the renewable power auctions have been undersubscribed in the past year due to several factors such as increased raw material costs, rising logistics expenses, higher interest rates, and prolonged […]
Arbutus patent suit against Pfizer demonstrates litigious environment in mRNA therapy, says GlobalData
Arbutus Biopharma and Genevant Sciences have recently brought a patent lawsuit against Pfizer and BioNTech in the US federal courts, surrounding the use of the lipid nanoparticle (LNP) technology used in the latter’s COVID-19 vaccines. The claim follows positive developments for the plaintiffs in their very similar lawsuit brought against Moderna last year. This latest […]
Auctions crucial for Brazil renewable power expansion, says GlobalData
Renewable power market has developed rapidly in Brazil in recent years, thanks to its remarkable progress in wind, biopower, and solar power sectors. The development of renewables has primarily been due to the introduction of the government’s auctioning system against the backdrop of increase in total electricity demand in the country, says GlobalData a leading […]
AmoyDx new PCR-based PLC panel to expand diagnosis, treatment options of NSCLC patients in Japan, says GlobalData
Amoy Diagnostics Co Ltd (AmoyDx) has recently received approval from the Ministry of Health, Labor and Welfare of Japan for a polymerase chain reaction-based pan-lung cancer (PLC) panel for use as a companion diagnostic for RET fusion-positive non-small cell lung cancer (NSCLC), for selpercatinib 40 mg and 80 mg capsules. This is expected to expand […]
Ansell Kovai manufacturing facility to boost India surgical gloves market, says GlobalData
Ansell Limited has recently marked the first phase of the commissioning of its packaging and irradiation operations at its new manufacturing facility in Kovai, India. This is expected to drive the Indian surgical gloves market, promote sustainable manufacturing and contribute to the “Made in India” initiative, says GlobalData, a leading data, and analytics company. GlobalData’s […]
Newly patented bone marrow biopsy device to bolster bone cancer treatment landscape in India, says GlobalData
Bone marrow cancer is one of the most prevalent types of cancer in India, affecting a large population. Treatment options typically include chemotherapy, radiation therapy, and bone marrow transplantation. To determine these treatment options, a bone marrow biopsy is a vital diagnostic tool. Against this backdrop, the emergence of a new biopsy device is expected […]
Seoul economy to grow by 1.7% in 2023, forecasts GlobalData
Over the past few decades, the economy of Seoul Special City (Seoul) has experienced a steady growth, largely attributed to the strong performance of its service sector. However, the city’s economy remains vulnerable to a wide range of risks from ballooning real estate market amid monetary policy tightening regime, high dependency on China, modest recovery […]
US biotech IPO market yet to see previous high levels due to challenging market conditions, says GlobalData
The US biotech initial public offerings (IPOs) experienced a 79% decrease in the number of completed offerings from 2021 to 2022. This dip followed the IPO boom in 2020 and 2021, which saw an influx of early-stage biotech companies that completed IPOs and went public with high company valuations that have since declined. Against this backdrop, […]
Obesity market across 7MM set to surpass $37 billion in 2031, forecasts GlobalData
The market for obesity treatments across the seven major markets (7MM: the US, France, Germany, Italy, Spain, the UK, and Japan) is projected to grow from $2.43 billion in 2021 to $37.1 billion in 2031, driven by the launch of therapies with promising efficacies and/or new routes of administration, as well as the growth of […]
Vi funding struggles may lead to duopoly in India 5G market, says GlobalData
Vodafone Idea (Vi) is facing challenges in rolling out 5G services and subsequently falling behind its competitors. The Indian mobile network operator is experiencing difficulties in securing funding for investing in 5G equipment and infrastructure, leading to a sharp drop in its stock prices. Vi’s inability to raise funds has put it in a precarious […]
Antibody-drug conjugates gain traction in China oncology market, says GlobalData
Antibody-drug conjugates (ADCs) are the novel class of targeted drugs that have been extensively studied in recent years as potential treatment options either as monotherapies or in combination with other anticancer drugs for various tumors on a global scale. In this context, the focus of several domestic companies in China has shifted to developing novel […]