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The total mobile services revenue in the Philippines is set to increase at a compound annual growth rate (CAGR) of 4.5% from $4.3bn in 2022 to $5.3bn in 2027, mainly due to the rising adoption of mobile data services, according to GlobalData, a leading data and analytics company. According to Global Data’s Philippines Mobile Broadband […]
South Korea prioritizes AI transformation of diagnostic imaging devices to meet growing demand in hospitals, says GlobalData
Several South Korean healthtech startups that offer artificial intelligence (AI)-based imaging solutions are increasingly partnering with domestic and international multinationals to meet the growing demand in hospitals. Against this backdrop, South Korea diagnostic imaging market is expected to grow at a compound annual growth rate of approximately 5% between 2023 and 2030, forecasts GlobalData, a […]
FIFA World Cup, rising fossil fuel exports to drive Qatar economy at 4.6% in 2022, says GlobalData
The much awaited 22nd FIFA men’s World Cup is taking place in Qatar from 20 November to 18 December 2022. The small and oil and natural gas-rich Arabian Gulf nation has reportedly spent $200 billion so far on infrastructure to accommodate over one million visitors during the month-long sports extravaganza. Against this backdrop, the Qatar economy […]
Artificial intelligence helps mining companies take insights-driven decisions, says GlobalData
The mining sector faces challenges as legacy technologies fail to keep up with the growing demand for advanced mining activities for increased outputs and greater profits. Against this backdrop, artificial intelligence (AI) can help make mining companies more productive and profitable with insights-led decisions across the value chain, says GlobalData, a leading data and analytics […]
Asia-Pacific deal activity takes 1.4% YoY hit during January-October 2022, finds GlobalData
Geopolitics, rising inflation, Russia-Ukraine war, energy crisis and uncertain economic conditions continue to make a dent in deal-making sentiment across Asia-Pacific (APAC). As a result, deal activity (mergers & acquisitions [M&A], private equity, and venture financing deals) in the region witnessed a 1.4% year-on-year decline during January-October 2022, reveals GlobalData, a leading data and analytics […]
Japan diabetes care market to grow at 4% CAGR through 2030, forecasts GlobalData
Japan continues to be a significant contributor to the Asia-Pacific (APAC) diabetes care devices market with almost 25% share in the region in 2022. Japan diabetes care market is set to grow at a compound annual growth rate (CAGR) of approximately 4% through 2030, driven by growth in type 2 diabetes among the aging population […]
Philippines fixed communication service revenue to grow at 2.7% CAGR over 2022-2027, forecasts GlobalData
The total fixed communication services revenue in the Philippines is expected to increase at a compounded annual growth rate (CAGR) of 2.7% from $5.2 billion in 2022 to $6 billion in 2027, mainly driven by the strong growth in fixed broadband segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s Philippines Fixed Communications Forecast […]
Social media sentiment around cryptocurrency plunges 70% in 2022, finds GlobalData
Since the beginning of 2022, the cryptocurrency market has been impacted by macro factors such as increasing inflation, which led investors to a massive sell-off and stay away from riskier assets. In a recent incident, FTX, one of the world’s biggest crypto exchanges, has filed for Chapter 11 bankruptcy protection in the US. Against this […]
Australia should formalize targets to emerge as renewables superpower, says GlobalData
Australia has pledged to cut greenhouse gas (GHG) emissions by 43% and increase the share of renewable power generation in the country’s National Electricity Market to 82% by 2030, as part of plans to emerge as a renewables superpower and cater to the needs of South Asian countries. However, the country needs to formalize these […]
Enterprise ICT revenue opportunity in India to grow at 9.3% CAGR over 2021-2026, forecasts GlobalData
The enterprise ICT revenue opportunity in India is forecast to increase at a compound annual growth rate (CAGR) of 9.3% between 2021 and 2026. This can be attributed to the persistent technology centric innovations by enterprises coupled with government supported digital programs accelerating digital transformation in India, says GlobalData, a leading data and analytics company. […]
Apparel maker Mash looks to expand luxury loungewear brand Gelato Pique international footprint with Bain Capital, says GlobalData
US-based Bain Capital Private Equity has recently agreed to buy Japanese apparel company Mash Holdings for JPY200 billion ($1.43 billion). Mash, which is the owner of luxury loungewear brand Gelato Pique, aims to grow its international footprint, especially in China, with this deal, says GlobalData, a leading data and analytics company. Mash plans to leverage […]
FMCG giants shift gears in sustainable packaging, finds GlobalData
Fast-moving consumer goods (FMCG) companies are increasingly pledging to bring the environmental, social and governance (ESG) element into packaging with an aim to address various environmental challenges. Amid mounting pressure from customers, investors, and governments, they are making forward-thinking moves to improve the world by offering ethical, sustainable purchase choices to consumers, says GlobalData, a […]
GlobalData reveals top 10 Asian airline companies on social media in 2022
The global airline industry’s path to recovery from the COVID-19 pandemic is being hampered by staff shortages and other macro factors such as the Russia-Ukraine war, and the looming global recession. Against this backdrop, the Social Media Analytics Platform of GlobalData has tracked the top 10 Asian airlines based on the volume of social media […]
Oil and gas companies restructure business models to adopt new energy transition technologies, says GlobalData
The COVID-19 pandemic not only brought about an unprecedented demand shock for the oil and gas sector, but also brought new momentum to the energy transition. Oil and gas companies are carving out their own energy transition paths by investing in technologies, initiatives, and partnerships to accelerate the shift towards green and renewable energy, says […]
Hydrogen-based e-fuels to accelerate global transition to clean energy, says GlobalData
Hydrogen is anticipated to be a game changer in the global transition to sustainable energy by offering fuel cells, alternative propulsion systems, and renewable power. With the capability to serve as a long-term, large-scale clean energy storage medium that aids power generation from renewable sources, hydrogen, and hydrogen-based e-fuels are reaping the benefits of an […]
Autumn Statement signals return of Austerity for UK public sector organisations, meaning tough decisions on ICT spending priorities in 2023, says GlobalData
This year’s Autumn Statement on 17 November 2022 is significant due to the recent turmoil resulting from September’s ‘Mini-Budget’. With most decisions from the latter now rolled back, the Statement aims to repair the nation’s fiscal credibility and fill a black hole of £55 billion. Cuts of at least £35 billion are planned, meaning most […]
US STEM Active Jobs Index down by 18.6% in October 2022, reveals GlobalData
The Science, Technology, Engineering, and Mathematics (STEM) Active Jobs Index in the US fell by 18.6% month-on-month in October 2022. Companies closed 24% more jobs than new postings. On the other hand, the Non-STEM Active Jobs Index in the US declined by 9%, reveals GlobalData, a leading data and analytics company. According to an analysis […]
Medical device industry needs to act on environmental sustainability, says GlobalData
Climate change is a persistent and important issue globally. Many countries and companies are trying their best to implement policies that will combat the rapid warming of the earth, but some industries are lagging behind others. The medical device industry needs to do enough to be more environmentally sustainable, says GlobalData, a leading data and […]
Alternative payments account for almost three-fourths of e-commerce payments in China, reveals GlobalData
Alternative payments methods such as mobile and digital wallets dominate the e-commerce space in China and collectively account for 72% of market share in 2022, finds the 2022 Financial Services Consumer Survey* of GlobalData, a leading data and analytics company. Chinese e-commerce market, the world’s largest, is expected to register 10.5% growth to reach CNY14.5 […]
Metalenses fast-track miniaturization of electronics, says GlobalData
The demand for smaller, lightweight, and more compact electronic devices is accelerating in tandem with advancements in their processing power. As a result, semiconductor component miniaturization has become a pressing challenge for electronics manufacturers. Against the backdrop, metalenses are anticipated to be game changers in optoelectronics, given that they can be developed at existing semiconductor […]