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The Consumer Electronics Show (CES), an annual trade show organized by the Consumer Technology Association (CTA), is set to be held between 05 January and 08 January 2023 in Las Vegas. In the run-up to the conference, Twitter influencer conversations around ‘#CES2023’ started piling up and recorded an 800% growth in the last 30 days […]
IP5 pulls down global patent filings activity during Q3 2022, reveals GlobalData
The number of new patent filings and grants decreased by 4% and 7%, respectively, year-on-year (YoY) during Q3 2022, mainly due to decline in activity from the top five patent offices in China, the US, Japan, Europe, and Korea (IP5*). The decline could be attributed to the COVID-19 pandemics’ after-effects on the global economic slowdown, […]
Telecom, pay-TV service revenue in Philippines to increase at 4% CAGR during 2021-2026, forecasts GlobalData
The total telecom and pay-TV services revenue in the Philippines is expected to increase at a compound annual growth rate (CAGR) of 4% during 2021-2026, mainly supported by mobile data and fixed broadband segments, forecasts GlobalData, a leading data and analytics company. GlobalData’s research reveals that the mobile voice service revenue in the country will […]
APAC deal activity suffers 5.6% decline YoY during January-November 2022, finds GlobalData
Deal activity (mergers & acquisitions [M&A], private equity, and venture financing deals) in the Asia-Pacific (APAC) region continues to bear the brunt of the ongoing global geopolitical issues and volatile market conditions on the back of rise in the number of COVID-19 cases in some of the key markets such as China. Consequently, the region […]
Territorial disputes, modernization efforts to spur Malaysia defense spending at 5.3% CAGR between 2022-2027, estimates GlobalData
Malaysia’s plans to upgrade its current inventory to deal with the territorial disputes and protect its territory in the South China Sea will see its defense spending growing at an estimated CAGR of 5.3% over the period 2022-2027, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Malaysia Defense Market Size and Trends, […]
5G to boost overall mobile service revenues in Thailand through 2026, forecasts GlobalData
The total mobile service revenue in Thailand is poised to increase at a compound annual growth rate (CAGR) of 4.9% from $8.5bn in 2022 to $10.8bn in 2027, mainly supported by increase in 5G subscriptions and rising data average revenue per user (ARPU), according to GlobalData, a leading data and analytics company. According to GlobalData’s […]
TSB Bank fine by UK regulators highlights need to improve current IT infrastructure, says GlobalData
Following the news that British lender TSB Bank was fined $48.65m ($59.07m) by the Financial Conduct Authority and the Prudential Regulation Authority over a botched IT platform migration that left two million customers locked out of their accounts in 2018; Chris Dinga, Payments Analyst at GlobalData, offers his view: “Prior to making the transfers, TSB could […]
Several avenues available to reduce oil and gas industry emissions, says GlobalData
Emission mitigation technologies will play a key role in reducing the environmental impact of oil and gas operations as the industry’s energy transition takes place. Methods and alternatives such as carbon capture, hydrogen, renewable power, biofuels, energy storage, and electric vehicles, will be adopted by oil and gas companies to mitigate their net emissions, says […]
Diabetic neuropathic pain field presents significant opportunity for drug developers, says GlobalData
The current diabetic neuropathic pain treatment paradigm includes many established analgesics that provide symptomatic relief. However, as these therapies do not target the pathophysiological mechanisms underlying the pain, they typically only work in a subset of patients, and provide only partial pain relief. Furthermore, the established marketed analgesics have been associated with poor safety profiles. […]
Historically unimpressive field of therapeutic cancer vaccines gets revitalized with Moderna and Merck mRNA data, says GlobalData
Historically, therapeutic cancer vaccines have demonstrated minimal efficacy. However, for the first time, an anti-cancer vaccine has shown significant promise in a clinical trial. The combination therapy of Moderna’s mRNA vaccine “mRNA-4157/V940” in combination with Merck & Co’s anti-PD-1 therapy “Keytruda” has reportedly cut the risk of melanoma recurrence or death by 44% compared to […]
BNPL to account for 4.1% of Asia-Pacific e-commerce payments in 2026, estimates GlobalData
Buy now pay later (BNPL) is gradually becoming a popular payment option among online shoppers in Asia-Pacific (APAC) and is expected to account for 4.1% share of e-commerce payments value in 2026, says GlobalData, a leading data and analytics company. Already popular in countries like Australia and New Zealand, BNPL is gradually gaining traction in […]
South Korea should revise cancer pathology tests reimbursement system, opines GlobalData
The reimbursement system for pathological examinations in South Korea has poor coordination with cancer treatment plans, resulting in many patients not receiving timely treatment. Therefore, South Korea’s reimbursement system needs to be revised to fairly cover changes in pathology tests and subsequent treatment, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that […]
Daewoo Shipbuilding will help Hanwha make South Korea one of the top five defense-exporting countries, says GlobalData
Following the news that South Korea’s Hanwha Group has agreed to acquire 49.3% stake in Daewoo Shipbuilding & Marine Engineering for $1.4 billion; Rouble Sharma, Defense Analyst at GlobalData, a leading data and analytics company, offers her view: “South Korea has developed a robust export-oriented defense industrial complex, which not only meets domestic defense requirements […]
Small molecule approvals for rare diseases in China reaches all-time highs in 2022, says GlobalData
Small molecule approvals for rare diseases in China recorded a staggering 300% growth from just 3 to 12 between 2019 and 2022 due to swift regulations set by the National Medical Products Administration (NMPA). As a result, the trend of increasing approvals had now reached all time-highs in 2022, says GlobalData, a leading data and […]
Artificial Intelligence-aided medical devices to boost South Korea ophthalmic market to $156m in 2030, forecasts GlobalData
South Korea has remained a preferred destination for medical tourism and its ophthalmic devices market is no exception to this. Augmented by continuous innovation, South Korea continues to use artificial intelligence (AI) to diagnose and treat ophthalmic diseases. As a result, the value of the ophthalmic devices market in South Korea is expected to reach […]
Chocolate market in India set to grow at 4.9% CAGR during 2021-2026, forecasts GlobalData
Despite high inflation and subdued consumer sentiment, chocolate makers in India are witnessing booming sales as consumers are less sensitive to an increase in the prices of chocolates. With chocolates remaining a key item in consumers’ shopping baskets, India’s chocolate market is projected to grow at a compound annual growth rate (CAGR) of 4.9% during […]
Premium spirits to drive India spirits market at 7.2% CAGR during 2021-2026, reveals GlobalData
Liquor sales in India are set to record a double-digit growth in 2022, largely driven by the rising consumer demand for premium and super-premium spirits, and the recovery in out-of-home consumption. To capitalize on this growing demand, liquor companies are expanding their premium spirits range. Consequently, India’s spirits market is projected to grow at a […]
India assisted reproductive technology market to record 8% CAGR between 2022 and 2030, forecasts GlobalData
Expanding assisted reproductive technology (ART) centers and facilities, fueled by high infertility cases, raising awareness, and new advances in science and technology are set to drive the Indian ART devices market at a compound annual growth rate (CAGR) of around 8% between 2022 and 2030, forecasts GlobalData, a leading data, and analytics company. GlobalData’s report, […]
Banking-as-a-service empowers finance companies to meet growing customer needs, says GlobalData
With embedded finance set to become a quintessential component of many industries, smaller businesses and individuals can now have greater access to financial services than ever before owing to banking-as-a-service (BaaS). With the right partners and systems in place, BaaS empowers embedded finance players to meet customers’ increasing needs while tapping this burgeoning opportunity, says […]
China aims to lead next bio revolution with investments in advanced biologics, says GlobalData
China initiated a 10-year “Made in China 2025” plan in 2015 as part of a strategy to reduce dependence on foreign technology and emerge as a global leader in several high-tech industries, including biotech. Since then, the country has significantly invested in improving its cell and gene therapy manufacturing capabilities as it attempts to lead […]