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Sarath.Chandra@globaldata.com

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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 […]
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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 […]
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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 […]
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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 […]
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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. […]
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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 […]
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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 […]
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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 […]
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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 […]
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