Sarath.Chandra@globaldata.com

Aerospace, Defense & Security

South Korea defense expenditure to reach $54.7 billion in 2029 amid tensions with North Korea, observes GlobalData

South Korea’s defense spending is set to grow from $45.2 billion in 2024 to $54.7 billion in 2029, primarily driven by the persistent threat posed by North Korea and to achieve the broader goal of strengthening the former’s overall security posture. This growth underscores South Korea’s determination to continue investing in the procurement of modern […]

Technology

Indonesia mobile service revenue to grow at 4.3% CAGR over 2023-2028, forecasts GlobalData

Continued increase in 4G subscriber base and anticipated growth in 5G service adoption will drive the mobile service revenue in Indonesia at a compound annual growth rate (CAGR) of 4.3% $11.1 billion in 2023 to $13.6 billion in 2028, forecasts GlobalData, a leading data and analytics company. According to Global Data’s Indonesia Mobile Broadband Forecast […]

Business Fundamentals

Meta open-source AI model Llama 3.1 405B excites X influencers, reveals GlobalData

Meta’s recent release of Llama 3.1 405B has generated significant buzz among the influencers of social media platform “X,” positioning it as a landmark moment in the evolution of open-source AI. Influencers are highly enthusiastic about the Llama 3.1 model, which, with its unprecedented 405 billion parameters, stands as the largest openly available AI model […]

Banking

Ireland card payments market to surpass $100 billion in 2024, forecasts GlobalData

The Ireland card payments market is forecast to grow by 5.4% to reach EUR95.2 billion ($102.9 billion) in 2024, supported by growing consumer preference for electronic payments, forecasts GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payment value in Ireland registered a growth of 18.3% in 2022, driven by […]

Pharma

Eisai and Biogen’s Leqembi launch in China marks turning point in Alzheimer’s treatment, says GlobalData

Eisai and Biogen’s recent launch of Leqembi (lecanemab) in China represents a pivotal moment in Alzheimer’s disease (AD) treatment. This innovative therapy, approved for mild cognitive impairment and mild dementia due to AD, not only slows disease progression but is also expected to address the growing burden. With the aging population and rising prevalence of […]

Technology

Telecom and pay-TV services revenue in China to increase at 1.4% CAGR over 2023-2028, forecasts GlobalData

Growing adoption of 5G services, and steady growth in fiber broadband subscriptions are set to drive the total telecom and pay-TV services revenue in China at a compound annual growth rate (CAGR) of 1.4% from $468.8 billion in 2023 to $502.9 billion in 2028, forecasts GlobalData, a leading data and analytics company. GlobalData’s China Telecom […]

Banking

Revolut’s UK banking license to propel global expansion and boost valuation, says GlobalData

Following the news that British fintech Revolut has received its UK banking license with restrictions from the Prudential Regulation Authority (PRA); Benjamin Hatton, Banking and Payments Analyst at GlobalData, a leading data and analytics company, offers his view: “Revolut has been seeking a banking license in the UK for several years now. Having finally allayed […]

Medical Devices

Electrophysiology ablation catheter market poised to reach $15 billion in 2033, forecasts GlobalData

Pulsed-field ablation (PFA) catheters are now available in several countries across North America, Europe, Asia-Pacific, and Middle East and Africa. Interestingly, the average selling price of PFA catheters is approximately $2,000 to $3,000, more than the average ablation catheter. PFA catheters have become increasingly popular amongst physicians, so much so that that the electrophysiology (EP) […]

Business Fundamentals

Morgan Stanley and UBS top M&A financial advisers in construction sector in H1 2024, reveals GlobalData

Morgan Stanley and UBS were the top mergers and acquisitions (M&A) financial advisers in the construction sector during the first half (H1) of 2024 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, which ranks financial advisers by the value and volume of M&A deals on which they advised. […]

Medical Devices

Nipro looks to meet advanced medical devices demand in US with $398 million facility in North Carolina, says GlobalData

Nipro Medical Corporation, a wholly-owned subsidiary of Japan-based Nipro Corporation, plans to invest $398 million in constructing a medical device facility in North Carolina. This strategic investment underscores Nipro’s commitment to support the growing demand for advanced medical devices such as dialysis products, infusion pumps, and critical care equipment in the US market, says GlobalData, […]

Medical Devices

Early cancer detection in Singapore advances with innovative partnerships, finds GlobalData

Cancer is a global health challenge where early detection is critical for better patient outcomes. Traditional cancer detection techniques, such as imaging and biopsy, often diagnose the disease at advanced stages, reducing the chances of successful treatment. Against this backdrop, new partnerships in Singapore are facilitating access to innovative early-stage cancer detection methods, leveraging advanced […]

Business Fundamentals

Paul, Weiss, Rifkind, Wharton & Garrison and Kirkland & Ellis top M&A legal advisers in construction sector in H1 2024, reveals GlobalData

Paul, Weiss, Rifkind, Wharton & Garrison and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the construction sector during the first half (H1) of 2024 by value and volume, respectively, according to the latest legal advisers league table by GlobalData, which ranks legal advisers by the value and volume of […]

Strategic Intelligence

GlobalData advises CEOs to tackle ESG risks to avert stakeholders backlash

Environmental, social, and governance (ESG) issues increasingly influence how business is conducted globally. Stakeholders demand greater transparency and action on a full spectrum of ESG issues. CEOs who do not take a forward-thinking approach to mitigate ESG risks will face the wrath of not only regulators, but also investors, lenders, customers, suppliers, and employees, according […]

Technology

Telecom and pay-TV services revenue in Australia to increase at 2.1% CAGR over 2023-2028, forecasts GlobalData

The total telecom and pay-TV services revenue in Australia is expected to increase at a compound annual growth rate (CAGR) of 2.1% over the forecast period 2023-2028, led by the growth in mobile data and fixed broadband service segments, according to GlobalData, a leading data and analytics company. GlobalData’s Australia Telecom Operators Country Intelligence Report […]

Business Fundamentals

Latham & Watkins top M&A legal adviser in power sector in H1 2024, reveals GlobalData

Latham & Watkins was the top mergers and acquisitions (M&A) legal adviser in the power sector during the first half (H1) of 2024 by both value and volume, according to the latest legal advisers league table by GlobalData, which ranks legal advisers by the value and volume of M&A deals on which they advised. An […]

Business Fundamentals

JP Morgan and Rothschild & Co top M&A financial advisers in power sector in H1 2024, reveals GlobalData

JP Morgan and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the power sector during the first half (H1) of 2024 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, which ranks financial advisers by the value and volume of M&A deals on which […]

Banking

India card payments market to grow by 11.3% in 2024, forecasts GlobalData

The India card payments market is forecast to grow by 11.3% in 2024 to reach INR28.4 trillion ($344 billion), supported by growing consumer preference for non-cash payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payment value in India registered a growth of 27.1% in 2022, driven […]

Medical Devices

High prediabetes prevalence drives OTC continuous glucose monitors market to $5.1 billion in 2033, says GlobalData

The FDA has approved over-the-counter continuous glucose monitors (OTC CGMs) from Dexcom and Abbott, which are designed for individuals aged 18 and older who do not use insulin. The approvals are expected to enhance market penetration and accessibility. The availability of OTC CGMs is expected to have a dramatic effect on the overall health and […]

Business Fundamentals

Simpson Thacher & Bartlett and Kirkland & Ellis top M&A legal advisers in retail sector during H1 2024, reveals GlobalData

Simpson Thacher & Bartlett and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the retail sector during the first half (H1) of 2024 by value and volume, respectively, according to the latest legal advisers league table by GlobalData, which ranks legal advisers by the value and volume of M&A deals […]

Technology

GlobalData ranks Google as leader among the top LLM providers

The generative AI (GenAI) market has seen explosive growth over the past 18 months, making the evaluation of large language models (LLMs) essential for enterprises. Against this backdrop, Google has emerged as the leader among the top LLM providers in the latest “LLMs Competitive Landscape Assessment” report by GlobalData, a leading data and analysis company. […]

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South Korea defense expenditure to reach $54.7 billion in 2029 amid tensions with North Korea, observes GlobalData

Indonesia mobile service revenue to grow at 4.3% CAGR over 2023-2028, forecasts GlobalData

Meta open-source AI model Llama 3.1 405B excites X influencers, reveals GlobalData

Ireland card payments market to surpass $100 billion in 2024, forecasts GlobalData

Eisai and Biogen’s Leqembi launch in China marks turning point in Alzheimer’s treatment, says GlobalData

Telecom and pay-TV services revenue in China to increase at 1.4% CAGR over 2023-2028, forecasts GlobalData

Revolut’s UK banking license to propel global expansion and boost valuation, says GlobalData

Electrophysiology ablation catheter market poised to reach $15 billion in 2033, forecasts GlobalData

Morgan Stanley and UBS top M&A financial advisers in construction sector in H1 2024, reveals GlobalData

Nipro looks to meet advanced medical devices demand in US with $398 million facility in North Carolina, says GlobalData

Early cancer detection in Singapore advances with innovative partnerships, finds GlobalData

Paul, Weiss, Rifkind, Wharton & Garrison and Kirkland & Ellis top M&A legal advisers in construction sector in H1 2024, reveals GlobalData

GlobalData advises CEOs to tackle ESG risks to avert stakeholders backlash

Telecom and pay-TV services revenue in Australia to increase at 2.1% CAGR over 2023-2028, forecasts GlobalData

Latham & Watkins top M&A legal adviser in power sector in H1 2024, reveals GlobalData

JP Morgan and Rothschild & Co top M&A financial advisers in power sector in H1 2024, reveals GlobalData

India card payments market to grow by 11.3% in 2024, forecasts GlobalData

High prediabetes prevalence drives OTC continuous glucose monitors market to $5.1 billion in 2033, says GlobalData

Simpson Thacher & Bartlett and Kirkland & Ellis top M&A legal advisers in retail sector during H1 2024, reveals GlobalData

GlobalData ranks Google as leader among the top LLM providers

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