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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

Military modernization programs to drive Pakistan defense expenditure to $12.5 billion in 2027, observes GlobalData

Being sandwiched between hostile neighbors, Pakistan has been bolstering its defense capabilities for the maintenance of state sovereignty and territorial integrity. Military modernization coupled with a desire to develop effective deterrence is set to drive Pakistan’s defense budget at a compound annual growth rate (CAGR) of 5.2% from $10.2 billion in 2023 to $12.5 billion […]
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Japan homegrown COVID-19 mRNA vaccine needs superior safety and efficacy data for success, says GlobalData

Following the unprecedented success of mRNA COVID-19 vaccines, pharma companies are working towards further developing the technology to capitalize on the tremendous growth opportunities. Recently, Daiichi Sankyo initiated Phase III trials of its COVID-19 vaccine, DS-5670, in healthy unvaccinated adults. Although it is a promising homegrown mRNA vaccine option, to be successful in the domestic […]
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Global military land vehicles market to reach $27.6 billion in 2032, driven by increasing geopolitical tensions and defense modernization initiatives, says GlobalData

The ongoing Russia-Ukraine conflict has exposed European countries to the potential threat that Russia poses from the East. In this context, smaller nations in the Baltics and Eastern Europe have been procuring military equipment. In addition, several modernization programs have been undertaken by various nations globally to upgrade their inventory. As a result, the global […]
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UK to account for 29% of Europe working gas capacity additions through 2026, forecasts GlobalData

The UK is expected to lead the Europe’s planned and announced working gas capacity additions in underground gas storage sites, contributing approximately 29% of the total Europe capacity additions by 2026, according to GlobalData, a leading data, and analytics company. GlobalData’s report, “Underground Gas Storage Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and […]
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South Korea next generation sequencing tests market to grow at 4% CAGR during 2022-2030, forecasts GlobalData

Driven by the increased incidence of cancer and greater disease awareness, South Korea’s next generation sequencing (NGS) tests market is expected to grow at a compound annual growth rate of 4% between 2022 and 2030, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, “Next Generation Sequencing Market Size (Value, Volume, ASP) by Segments, […]
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DRDO’s successful flight test of indigenous VSHORADS may save India huge import burden, says GlobalData

Following the news that India’s Defence Research and Development Organisation (DRDO) has successfully flight tested the Very Short-Range Air Defense System (VSHORADS) missile; Tushar Mangure, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Indian Armed Forces have long been advocating for the procurement of advanced Man-Portable Air Defense Systems (MANPADS) […]
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China’s focus to develop domestic medical device industry may discourage multinational companies, says GlobalData

China is one of the largest medical device manufacturing hubs globally, supplying a range of devices to many countries. However, the country’s increasing focus to strengthen its domestic medical devices industry may create a trust deficit and discourage multinational medical device companies to invest in China, observes GlobalData, a leading data and analytics company. Recently, […]
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Citigroup’s continued trimming of consumer banking business may position it as corporate bank, says GlobalData

Following the news that Citigroup plans to exit UK retail banking business, Murthy Grandhi, Analyst at GlobalData, a leading data and analytics company, offers his views:  “The move to close the UK retail banking operations forms part of Citigroup’s strategy to focus more on its high return wealth management space. Earlier in 2022, the American […]
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VC funding by China startups soar 55.9% in August even as several key global markets achieve new low, finds GlobalData

China-based startups raised $5.7 billion worth of venture capital (VC) funding in August 2022, which is a massive 55.9% growth compared to the previous month, reveals GlobalData, a leading data and analytics company. China has been witnessing fluctuating month-on-month VC funding activity so far in 2022. However, August managed to witness massive growth in VC […]
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Tesla most engaged company on Twitter among top 15 automotive companies, reveals GlobalData

Tesla Inc has emerged as the top automotive company with the highest average reactions1 on Twitter, according to GlobalData’s Social Media Analytics Platform. The remaining top 14 companies were Bayerische Motoren Werke AG (BMW), The Mercedes-Benz Group AG (former Daimler AG), Toyota Motor Corporation (Toyota Motor), Ford Motor Company (Ford), Honda Motor Company, Ltd (Honda), […]
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