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London, United Kingdom, 07 February 2025 – The Broadcast Awards 2025 celebrated its 30th anniversary on Wednesday night in a star-studded ceremony at JW Marriott Grosvenor House Hotel on Park Lane, London, where Channel 4 led the night with an impressive eight wins. The event was organised by Media Business Insight (MBI) Ltd, a GlobalData […]
Barclays tech outage highlights legacy banking system risks amid rising digital competition, says GlobalData
Barclays, British multinational universal bank, faced a severe 48-hour technical outage (31 January-2 February), disrupting payments and online banking for millions of UK customers. The incident underscores the persistent vulnerabilities of legacy banking systems, despite substantial ICT investments. As digital-native challengers redefine industry standards, traditional banks must accelerate transformation or risk losing relevance in an […]
Robust corporate governance a strategic imperative for business resilience and growth, says GlobalData
Effective corporate governance is essential for sustainable business growth. As regulatory scrutiny intensifies, companies must strengthen governance frameworks, including risk management and anti-corruption measures, to ensure compliance and long-term resilience. Weak governance can undermine trust, while a well-structured approach enhances competitiveness, drives value creation, and positions businesses for sustained success, according to GlobalData, a leading […]
Alternative payments account for over half of total e-commerce payments in Australia, reveals GlobalData
Alternative payment methods such as mobile and digital wallets and buy now pay later (BNPL) solutions have reshaped Australia’s e-commerce landscape, overtaking traditional cash and card payments. With a 53% market share in 2024, these digital solutions are driving seamless transactions, fuelling online sales, and reinforcing the sector’s robust growth trajectory, reveals GlobalData, a leading […]
US startups secure over half of high-value VC deals announced globally during 2024, finds GlobalData
The US maintained its dominance in the global venture capital (VC) landscape in 2024, securing over half of all high value* deals. With a commanding 56.6% share by high-value VC deal volume and 64.5% by value, the US significantly outpaced other markets, underscoring strong investor confidence in its startup ecosystem amid the evolving economic conditions […]
Parkinson’s disease market across 7MM to grow at 8.9% CAGR during 2023-33, forecasts GlobalData
The Parkinson’s disease (PD) market across the seven major markets (7MM*) is projected to grow at a compound annual growth rate (CAGR) of 8.9% from $3.4 billion in 2023 to $7.9 billion in 2033, driven by the introduction of 10 pipeline products, the increased adoption of novel levodopa delivery methods, and the rising prevalence of […]
India startups raise $11.3 billion venture capital funding in 2024, reveals GlobalData
India saw a notable improvement in venture capital (VC) funding activity in 2024 compared to the previous year. While both deal volume and total funding value increased, the growth was particularly significant in terms of value. The number of VC deals rose by 6%, from 1,102 in 2023 to 1,168 in 2024, whereas the total […]
Top 20 global biopharma firms see 1.7% market cap growth to $3.7 billion in 2024 amid policy challenges, reveals GlobalData
The biopharmaceutical industry in 2024 experienced a mixed performance, with the aggregate market capitalization of the top 20 biopharmaceutical firms’ year-on-year increasing by 1.7% from $3.6 trillion to $3.7 trillion as on 31 December 2024, despite challenges from shifting policies and regulatory concerns. Key players like Lilly, AbbVie, and Gilead Sciences saw significant growth, while […]
VC funding in China shrinks 21.7% to $35.2 billion in 2024, finds GlobalData
A total of 2,537 venture capital (VC) funding deals were announced in China during 2024 while the total disclosed funding value of these deals stood at $35.2 billion. This represents a year-on-year (YoY) decline of 23.2% in VC deal volume, whereas the total disclosed funding value fell by 21.7% compared to the previous year, according […]
Need for mission readiness to drive maintenance expenditure on in-service military platforms in Asia-Pacific in 2025, says GlobalData
The evolving nature of warfare and threat perceptions in the Asia-Pacific region has increased the demand for robust maintenance, repair, and overhaul (MRO) practices substantially. Disciplined MRO practices ensure higher operational availability rates of military platforms such as fixed-wing aircrafts, helicopters, naval vessels, and land vehicles. Against this backdrop, the cumulative maintenance cost burden of […]
UK VC funding surges 16.3% to $16.6 billion in 2024 despite fewer deals, reveals GlobalData
The UK’s venture capital (VC) market experienced a decline in the number of deals announced in 2024, with 1,209 deals compared to 1,289 in 2023. Despite this, the total funding value rose by 16.3%, reaching $16.6 billion. This shift reflects a growing trend among VC firms to prioritize high-value investments in fewer, more promising startups, […]
DeepSeek R1 sparks intense influencer discussions on AI costs and innovation, reveals GlobalData
DeepSeek, a rising AI startup from China, has quickly captured the attention of social media influencers with its R1 model, an advanced large language model (LLM) that challenges industry leaders like OpenAI and Anthropic at a fraction of the cost. Its efficiency in reasoning tasks, open-source framework, and minimal reliance on high-end GPUs have fueled […]
AI, ESG, and cyber will be the key insurance themes in 2025, says GlobalData
The insurance industry is set to be defined by the transformative impact of artificial intelligence (AI), environmental, social, and governance (ESG), and cyber risk management in 2025. As consumers increasingly embrace AI-driven solutions and express growing interest in personal cyber coverage, insurers face both challenges and significant opportunities to innovate, personalize offerings, and integrate emerging […]
US VC funding surges 34.6% to $148.8 billion in 2024 despite decline in deal volume, reveals GlobalData
The US venture capital (VC) market demonstrated remarkable resilience in 2024, achieving a year-on-year (YoY) 34.6% surge in total funding value to $148.8 billion, despite a double-digit decline in deal volume. This impressive growth, driven by high-value investments, underscores robust investor confidence and reaffirms the US’s position as a global leader in the innovation-driven venture […]
LVMH ad strategy combines heritage and innovation to strengthen luxury brand appeal, reveals GlobalData
LVMH Moet Hennessy Louis Vuitton’s (LVMH) advertising initiatives between October and December 2024 seamlessly blend heritage with innovation. By strategically aligning with high-profile sporting events like the America’s Cup and collaborating with renowned artists, the brand aims to strengthen its luxury image. Through dynamic storytelling, celebrity endorsements, and behind-the-scenes content, the Paris-based luxury goods giant […]
South Korea bone graft and substitutes market to grow at 4% CAGR through 2033, forecasts GlobalData
The increasing prevalence of orthopaedic conditions such as osteoarthritis, osteoporosis, and trauma-related injuries is driving the need for innovative and efficient bone regeneration solutions. Against this backdrop, South Korea’s bone graft and substitutes market is set to grow at a compound annual growth rate (CAGR) of around 4% through 2033, says GlobalData, a leading data […]
Houlihan Lokey top M&A financial adviser in automotive sector in 2024, reveals GlobalData
Houlihan Lokey was the top mergers and acquisitions (M&A) financial adviser in the automotive sector during 2024 by both value and volume, according to the latest financial advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database has revealed that Houlihan Lokey achieved the leading position by advising […]
Slaughter and May and Kirkland & Ellis top M&A legal advisers in automotive sector in 2024, reveals GlobalData
Slaughter and May and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the automotive sector during 2024 by value and volume, respectively, according to the latest legal advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database has revealed that Slaughter and May […]
Mega M&A amid JPM 2025 signals potential biopharmaceutical M&A rebound, says GlobalData
The 43rd Annual JP Morgan Healthcare Conference kicked off with multi-billion-dollar mergers and acquisitions (M&A) announcements from Johnson & Johnson, Eli Lilly, and GSK. These transactions signal a return in biopharmaceutical deal-making confidence following subdued activity in 2024, with industry experts predicting larger deals in 2025 driven by regulatory changes and pipeline refueling needs, according […]
GlobalData tracks 40 years of innovation in FDA review designations
Regulatory authorities, particularly the US FDA, have played a crucial role in accelerating and incentivizing the development of innovative treatments through review designations. Since the first designation in 1984, the FDA has seen a substantial rise in the number of designations granted, reaching 694 in 2020. This surge reflects key pharmaceutical milestones, including the biotech […]