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Real-time cross-border payments are gaining significant momentum as global consumers increasingly rely on them for seamless transactions. Many consumers rely on them to send money to family and friends, while others use them to purchase goods, underscoring their growing importance in the international economy. However, despite the progress, challenges persist in meeting G20 targets for […]
System integrators will play a key role in helping enterprise customers experiment and implement GenAI-powered solutions, says GlobalData
IT services providers (ITSP) are well-positioned to assist enterprises in generative artificial intelligence (GenAI) experimentation and implementation. Different technology firms focus on solving problems such as the AI models, hardware, infrastructure, and products and applications, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Generative AI Watch: IT Services Providers Invest to […]
Sanofi/Regeneron’s Dupixent set to dominate COPD biologics market share following FDA approval, says GlobalData
Following the Food and Drug Administration (FDA) approval of Sanofi/Regeneron’s Dupixent (Dupilumab) on 27 September 2024: Asiyah Nawab, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Dupixent, a monoclonal antibody (mAb) targeting interleukin-4 (IL4) and interleukin-13 (IL13) pathways, has been approved by the FDA as the first biologic for uncontrolled […]
India dominates global IPO race with over 220 deals in first eight months of 2024, reveals GlobalData
India topped the global IPO market, with 227 transactions totaling $12.2 billion in the first eight months of 2024. The remarkable performance was driven by strong market sentiment, a favorable macroeconomic environment, and a surge in investor interest fueled by fear of missing out (FOMO). Both the SME and mainboard IPO segments have contributed to […]
India leads APAC IPO activity in first eight months of 2024, reveals GlobalData
The Asia-Pacific (APAC) region’s initial public offering (IPO) market has demonstrated remarkable resilience, continuing its upward trajectory despite high inflationary environment and geopolitical tensions. In the first eight months of 2024, the APAC market witnessed a notable surge in IPO activity, with 575 listings raising a total of $23.7 billion. This represents a 15.6% growth […]
China’s surge in antibody-drug conjugates positions it as key oncology market, says GlobalData
Antibody-drug conjugates (ADCs) represent a significant advancement in cancer treatment, particularly within China’s burgeoning oncology sector. With a little over 100 ADC candidates in various stages of development, Chinese companies lead the Asia-Pacific (APAC) region. As cancer remains a significant health challenge, strategic collaborations with major pharmaceutical companies are essential for advancing research and enhancing […]
GlobalData finds companies across sectors posting jobs around retrieval-augmented generation
Retrieval-augmented generation (RAG) is a rapidly growing field as a sophisticated AI technique that enhances the performance of LLMs by retrieving relevant documents or information from external sources during text generation. Consequently, the demand for skilled professionals with expertise in RAG is on the rise. Against this backdrop, companies across sectors are seen posting jobs […]
GlobalData outlines strategies adopted by businesses to minimize the impact of inflation
Inflation remains a significant concern for economies globally, with some experiencing moderation while others facing persistently elevated levels. This disparity has led companies to reevaluate their strategies to mitigate inflation’s effects. Companies across industries are taking decisive steps to deal with the pressure emerging out of these challenges, according to GlobalData, a leading data and […]
PCR systems market in Japan to grow at 5% CAGR through 2033, forecasts GlobalData
Antimicrobial resistance (AMR) is a serious health problem globally, including in Japan, imposing a severe clinical and economic burden on both patients and the society. Polymerase chain reaction (PCR) systems, which offer great sensitivity and specificity in detecting resistance genes and infections across a variety of settings, have become indispensable instruments in the fight against […]
New Zealand card payments market to surpass $75 billion in 2028, forecasts GlobalData
The New Zealand card payments market is forecast to register a compound annual growth rate (CAGR) of 4.1% between 2024 and 2028 to reach NZD122.3 billion ($75.1 billion) in 2028, supported by a constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card […]
UK startups secure $10.1 billion in VC during first eight months of 2024, finds GlobalData
UK startups attracted a total of $10.1 billion in venture capital (VC) funding through 673 deals announced during January-August 2024. This marks a year-over-year (YoY) improvement of 14.8% in total funding value despite a 16% decline in VC deals volume compared to January-August 2023, according to GlobalData a leading data and analytics company. An analysis […]
China VC funding down by 12.6% YoY to $23.3 billion during January-August 2024, reveals GlobalData
A total of 1,761 venture capital (VC) funding deals of worth $23.3 billion were announced in China during January to August 2024. This represents a year-on-year (YoY) decline of 18.5% in terms of deal volume and 12.6% YoY decline in terms of total funding value, according to GlobalData, a leading data and analytics company. An […]
US startups raise $82.2 billion VC funding during Jan-Aug 2024, reveals GlobalData
The US secured $82.2 billion in venture capital (VC) funding through 3,102 deals announced during January-August 2024. This represents a 1.9% year-on-year (YoY) improvement in total funding value even though VC deals volume fell by 39% compared to the number of deals announced during the first eight months of 2023, according to GlobalData, a leading […]
Climate Tech: Join GlobalData’s webinar to find out the technologies at the forefront of industry decarbonization initiatives
The heightened occurrence and intensity of adverse weather events are highlighting the pressing need for change among both businesses and governments, emphasizing the swift transition towards net zero. A diverse array of technologies, including hydrogen, nuclear fusion, heat pumps, renewable energy sources, batteries, electric vehicles, e-fuels, carbon capture, and artificial intelligence (AI), is at the […]
Mpox virus testing to drive South Korea PCR systems market at 5% CAGR through 2033, forecasts GlobalData
Amid the escalating Mpox outbreak and the World Health Organization’s declaration of a public health emergency, South Korea-based Seegene has recently launched specialized research-use polymerase chain reaction (PCR) test assays. Given the synergy between assay development and PCR system advancements, the South Korean PCR systems market is expected to grow at a compound annual growth […]
Oil and gas industry slows energy transition as focus shifts back to fossil fuels, says GlobalData
The oil and gas industry has pursued energy transition avenues to decarbonize its operations. However, heightened energy security fears amid the Ukraine war have brought back the focus on fossil fuels, which has led companies to scale down their energy transition pursuit. This will likely continue in 2024, but the switch towards low-carbon energy is […]
Deal volume in APAC fall by 8.1% YoY during January-August 2024, finds GlobalData
A total of 9,228 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the Asia-Pacific (APAC) region during January to August 2024 period. This was a year-on-year (YoY) decline of 8.1% compared to the announcement of 10,046 deals during the same period in 2023, according to GlobalData, a leading data and […]
mRNA vaccines lead next-generation efforts to combat H5N1 amid global outbreaks, says GlobalData
The H5N1 virus, known for its 50% human case fatality rate, has persisted globally for over two decades, causing thousands of infections. The recent outbreaks, including those affecting US dairy cows, have accelerated the development of next-generation vaccines, with mRNA vaccines stepping into the spotlight, aiming to replicate the success achieved during the COVID-19 pandemic, […]
AI startups drive manufacturing transformation with automation and sustainability solutions, says GlobalData
The global manufacturing sector is undergoing rapid transformation with artificial intelligence (AI) driving factory automation across the value chain, including product development, operations, process optimization, and quality control. AI-focused startups are leading this shift with technologies such as AI-powered collaborative robots (cobots), real-time production simulations, generative design, predictive analytics, and intelligent systems. These innovations boost […]
Influencers weigh in on Fed’s rate cut: Optimism vs. recession concerns, reveals GlobalData
The latest Federal Reserve’s decision to cut interest rates by 50 basis points has become a trending topic on social media, sparking a flurry of discussions among the influencers on social media platform “X”. The cut was observed as both in line with expectations and marked the start of a loosening cycle in monetary policy, […]