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Geopolitical uncertainties continue to challenge the global economic prospects, with the ongoing conflicts disrupting supply chains and affecting vulnerable economies. While declining inflation and policy rate cuts are boosting sentiment, the global risk level in Q3 2024 remained stable at 55.6 out of 100, compared to the previous quarter, though it has decreased from levels […]
New Zealand credit and charge card payments market to reach nearly $40 billion in 2028, forecasts GlobalData
The New Zealand credit and charge card payments market is forecast to register a compound annual growth rate (CAGR) of 4.4% between 2024 and 2028 to reach NZD64.5 billion ($39.6 billion) in 2028, supported by the constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics […]
Fiber lines to drive fixed broadband services market in Asia-Pacific through 2029, forecasts GlobalData
The total fixed broadband service revenue in Asia-Pacific (APAC) is expected to increase at a compound annual growth rate (CAGR) of 4.6% over the forecast period 2024-2029 from $334.5 billion in 2024 to $340.5 billion in 2029. This growth will be primarily driven by the expansion of fiber-optic networks, with fiber broadband set to account for […]
Crypto hiring sentiment expected to stay strong following Donald Trump’s re-election, says GlobalData
Crypto hiring sentiments are expected to remain high, driven by the recent US election outcome. With Donald Trump returning to office, market optimism for a pro-crypto regulatory environment has been reignited. His stance is anticipated to provide regulatory clarity and foster industry growth, leading to an increase in hiring activity, particularly in compliance and regulatory […]
Insurance industry embraces data analytics to improve risk management, says GlobalData
The insurance industry is embracing technological advancements to enhance risk assessment, fraud detection, and customer insights. Insurance data analytics plays an essential role in improving decision-making and optimizing risk management, leveraging predictive modeling and machine learning to support more personalized services and regulatory compliance. The growing patent activity further highlights the industry’s shift towards innovative […]
India to spend $415.9 billion on defense between 2025 and 2029, forecasts GlobalData
India is poised to further expand its defense budget over the next decade to sustain readiness for a potential two-front conflict with regional adversaries China and Pakistan, while enhancing its regional and global stature. Total defense spending, inclusive of pensions, is projected to reach $415.9 billion from 2025 to 2029, marking a compound annual growth […]
Diagnosed prevalent cases of type 1 diabetes across 7MM set to reach 3.166 million in 2033, says GlobalData
The burden of diagnosed prevalent cases of type 1 diabetes (T1D) is expected to increase at an annual growth rate (AGR) of 0.50% from around 3.01 million in 2023 to 3.166 million in 2033 across the seven major markets (7MM*), forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Type 1 Diabetes: Epidemiology […]
Singapore’s e-commerce market to surpass $24 billion in 2028, forecasts GlobalData
The Singapore e-commerce market is growing at a fast pace and is expected to register a strong compound annual growth rate (CAGR) of 8.9% between 2024 and 2028 to reach SGD33.3 billion ($24.8 billion) in 2028, forecasts GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Singapore e-commerce market has been on […]
Paratek Phase IIb results highlight omadacycline’s potential to address unmet needs in NTM treatment, says GlobalData
Paratek Pharmaceuticals has released positive topline data from a Phase IIb trial evaluating its oral antibiotic omadacycline in adult patients with nontuberculous mycobacterial (NTM) pulmonary disease. This first-ever, randomized, placebo-controlled trial among the Mycobacterium abscessus complex (MABc) patients, highlights omadacycline’s potential to fulfill a critical unmet need within the NTM market, says GlobalData, a leading […]
Food waste crisis accelerates sustainable practices across APAC food and beverage industry, says GlobalData
The escalating food waste crisis in the Asia-Pacific region presents a significant challenge that demands urgent attention from stakeholders across the supply chain. To combat this, foodservice operators are increasingly adopting recycling as a cornerstone of sustainable practices. Sustainability initiatives in the food and beverage industry include ethical sourcing, food waste reduction, and implementing composting […]
APAC deal volume dips 4.8% YoY in January-October 2024, reveals GlobalData
A total of 11,808 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during January to October 2024, which was a year-on-year (YoY) decline of 4.8% compared to the 12,406 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics […]
India dialysis machines market to reach $14 million in 2033, forecasts GlobalData
Chronic kidney disorders, most commonly induced by diabetes, high blood pressure, and other health ailments, pose a huge social and healthcare burden in India, setting up a growing need for advance dialysis services. Against this backdrop, India’s dialysis machines market is expected to reach $14 million in 2033, forecasts GlobalData, a leading data and analytics […]
Global travel and tourism deal activity down by 10.4% YoY during January-October 2024, reveals GlobalData
A total of 583 deals (mergers and acquisitions (M&A), private equity, and venture financing) were announced in the Travel and Tourism sector during January to October 2024. This marked a year-over-year (YoY) decline of 10.4% compared to the 651 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics […]
Global deal activity down by 10.2% YoY during January-October 2024, finds GlobalData
A total of 41,452 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced globally during January to October 2024, which represents a 10.2% year-on-year (YoY) decline compared to the 46,166 deals announced during the same period in previous year, according to GlobalData, a leading data and analytics company. An analysis of […]
UCB and Biogen’s dapirolizumab pegol paves new path for systemic lupus erythematosus treatment, says GlobalData
UCB and Biogen’s Phase III PHOENYCS GO trial results signal a pivotal development for systemic lupus erythematosus (SLE) treatment, as dapirolizumab pegol met its primary endpoint and demonstrated enhanced disease control and safety at Week 48. With a novel CD40L-targeting mechanism and favorable efficacy outcomes, this therapy has the potential to challenge established SLE treatments […]
CAR T cell therapies to pave way for drug-free remission in lupus care, says GlobalData
Bristol Myers Squibb and Cabaletta Bio are set to present promising Phase I data on CD19-directed CAR T therapies for severe, refractory lupus at the American College of Rheumatology 2024. BMS’s CC-97540 and Cabaletta Bio’s CABA-201 showed significant efficacy, offering new hope for severe, refractory lupus and other challenging autoimmune diseases. Both studies highlight CAR […]
Piracy threatens sports industry revenue growth, with illegal streaming costing leagues millions annually, reveals GlobalData
The sports industry is projected to surpass $680 billion in revenue by 2028; however, this figure could be even higher if not for the impact of piracy. Driven by rising cable costs and easy internet access, illegal streaming is causing significant revenue losses, especially for leagues like the English Premier League, prompting stakeholders to seek […]
Canada viscosupplementation market set to grow at over 7.5% CAGR through 2033, forecasts GlobalData
Osteoarthritis (OA) prevalence is on the rise in Canada, driven significantly by an aging population and increasing obesity rates. In response, viscosupplementation—injecting hyaluronic acid directly into the joints—has become a minimally invasive option to manage OA pain and potentially postpone more intensive interventions, like knee replacement surgery. Consequently, the Canada viscosupplementation market is set to […]
Parkinson’s disease clinical research in 7MM focuses on disease-modifying agents, says GlobalData
Parkinson’s disease (PD) therapeutic landscape is heavily genericized, leaving substantial unmet needs in neuroprotective and disease-modifying therapies (DMTs). With current treatments largely focused on motor symptoms, the pipeline across the seven major markets (7MM*) highlights a growing emphasis on DMTs and non-motor symptom therapies, signaling a commitment to advancing PD treatments that address the full […]
Palantir Technologies strong Q3 2024 earnings and AI platform fuel influencer buzz on X, reveals GlobalData
Palantir Technologies delivered strong Q3 2024 earnings, surpassing expectations with a 30% year-over-year growth, including a notable 54% surge in US commercial revenue. The company’s focus on its artificial intelligence platform (AIP) has emerged as a key growth driver, with industry influencers highlighting its substantial role in accelerating revenue, fueling significant discussion and excitement on […]