Sarath.Chandra@globaldata.com

Banking

Credit and charge card payments in Hong Kong to surpass HDK1 trillion in 2024, forecasts GlobalData

The Hong Kong (China SAR) credit and charge card market is set to grow by 15.6% to reach HKD1.02 trillion ($130.6 billion) in 2024, supported by rising consumer spending. With a strong payment infrastructure and burgeoning e-Commerce landscape, credit and charge cards are becoming increasingly favored among the Hong Kong consumers. This trajectory signifies a […]

Technology

Multiplay service revenue in Singapore to grow at 3.9% CAGR over 2023-2028, forecasts GlobalData

Multiplay service revenue in Singapore is expected to grow at a compound annual growth rate (CAGR) of 3.9% from $1.1 billion in 2023 to $1.3 billion in 2028, in line with growth in the average monthly multiplay household spending and continued rise in the number of multiplay households on the back of improving fixed network […]

Technology

Mobile service revenue in Malaysia to increase at 3.2% CAGR over 2023-2028, forecasts GlobalData

The total mobile service revenue in Malaysia is poised to increase at a compound annual growth rate (CAGR) of 3.2% from $5.2 billion in 2023 to $6.1 billion in 2028, supported by growth in mobile data service revenues, according to GlobalData, a leading data and analytics company. GlobalData’s latest Malaysia Mobile Broadband Forecast (Q1 2024) […]

Business Fundamentals

US startups raise over $50 billion VC funding during Jan-May 2024 despite decline in deal volume, reveals GlobalData

The US startups secured $52.6 billion venture capital (VC) funding through 1,985 deals in the first five months of 2024. Despite a significant year-on-year (YoY) decline in deal volume, the funding value dropped only slightly, highlighting a trend of larger investments in fewer deals. Notably, May saw a surge with four billion-dollar deals, emphasizing cautious […]

Business Fundamentals

Tesla dominates Reddit discussions on US electric vehicle industry during H1 2024, reveals GlobalData

The US electric vehicle (EV) industry is fervently discussed on Reddit during the first half (H1) of 2024 (01 January – 18 June), with dialogues spanning from the impacts of tariffs on EV prices to strategic moves by leading companies, influencing public perception and market dynamics within the sector. Against this backdrop, Tesla Inc has […]

Automotive

Connected vehicle technologies market in APAC poised to grow at 4% CAGR during 2023-2028, forecasts GlobalData

The proliferation of internet connectivity and deployment of 5G cellular technology in major countries such as China, India, South Korea, and Japan are expected to drive the demand for new connectivity features in cars in the Asia-Pacific (APAC) region. As a result, the APAC connected vehicle technologies market is projected to grow at a compound […]

Insurance

Philippines general insurance industry to reach $3.8 billion in 2028, forecasts GlobalData

The Philippines’ general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.5% from PHP145.4 billion ($2.6 billion) in 2024 to PHP209.0 billion ($3.8 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the Philippines’ general […]

Medical Devices

Abbott to compete with Medtronic in EU dual-chamber leadless pacemaker market, says GlobalData

Abbott’s dual-chamber leadless pacemaker product, the Alveir DR, has just gained CE approval, which gives it an opportunity to compete with Medtronic, which currently has a monopoly on the market with its Micra AV product line. The global dual chamber leadless pacemaker market is poised to grow at a compound annual growth rate (CAGR) of […]

Business Fundamentals

BIOSECURE Act could impact US biopharma drugs, with half in clinical trials, reveals GlobalData

The BIOSECURE Act could impact more than 120 US biopharmaceutical drugs partnered with Chinese companies “of concern” named in the bill. Of these, approximately half are in clinical trials (Phases I to III) and a third are in early-stage preclinical studies and discovery, reveals GlobalData, a leading data and analytics company. In January 2024, the […]

Banking

Belgium card payments market to grow by 5.6% in 2024, forecasts GlobalData

The Belgium card payments market is forecast to grow by 5.6% in 2024 to reach EUR152 billion ($164.3 billion), supported by high consumer preference for electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card payment value in Belgium registered a growth of 11.8% in 2022, driven […]

Retail

Retail won’t see an immediate boost from a Starmer government’s policy agenda, says GlobalData

Following the release of the Labour Party’s 2024 general election manifesto; Oliver Maddison, Retail Analyst at GlobalData, offers his view: “The retail sector should not expect to be the immediate priority of the likely incoming Starmer-led government after next month’s general election. Of the retail-relevant policies set out in the Labour manifesto on Thursday, the […]

Power

Global transformers market to reach $51.33 billion in 2028, led by the Asia-Pacific region, forecasts GlobalData

The global power industry is witnessing significant growth, with the global power transformers market projected to reach $23.60 billion, and the distribution transformers market expected to hit $27.73 billion by 2028. In 2023, the Asia-Pacific (APAC) region emerged as the market leader, fueled by heightened commercial activity in Southeast Asia and substantial asset demands in […]

Business Fundamentals

Companies seen hiring for industrial metaverse roles, finds GlobalData

As the concept of an industrial metaverse unfolds, businesses are navigating the digital landscape, adapting, innovating, and using digital twins to improve efficiency. Against this backdrop, companies are actively hiring for roles that leverage artificial intelligence (AI), augmented reality (AR), virtual reality (VR), and other advanced technologies to optimize operations and stay competitive in the […]

Business Fundamentals

Private biotech rebounds with 46% growth in venture funding during Q1 2024, reveals GlobalData

The private biotech sector witnessed a 46% increase in total venture financing deal value in the first quarter (Q1) of 2024 compared to the fourth quarter (Q4) of 2023. This uptick signals progress towards recovery in venture financing as investor confidence improves, according to GlobalData, a leading data and analytics company. Private biotech venture financing […]

Banking

Alternative payment tools lead e-Commerce payments in Asia-Pacific, finds GlobalData

Alternative payments are the most popular payment tools for e-Commerce payments in Asia-Pacific (APAC), with payment solutions such as mobile and digital wallets displacing traditional payment methods like cash and bank transfers. China led the way in 2023, with alternative payments accounting for nearly two-thirds of the total e-Commerce payments value in 2023, says GlobalData, […]

Business Fundamentals

Industrial metaverse gains prominence in companies discussions and filing documents, finds GlobalData

The industrial metaverse has been gaining prominence among businesses and the growing interest is evident from discussions by companies in filing documents. Companies across various industries are exploring its potential to optimize business processes, enhance efficiency, lower costs, and promote sustainability. Notable collaborations, like those between Siemens and NVIDIA, highlight the industrial metaverse’s growing impact […]

Business Fundamentals

US inflation drop to 3.3% ignites influencers discussion on potential Fed rate cuts, reveals GlobalData

The US inflation, as measured by the Consumer Price Index (CPI), declined to 3.3% in May from 3.4% in April, becoming a trending topic among influencers on the social media platform “X.” This lower-than-expected inflation reading has sparked significant debate regarding its implications for future US monetary policy. Many consider it a key indicator that […]

Business Fundamentals

Global travel and tourism deals drop 10.9%; PE deals and European markets shine during January-May 2024, reveals GlobalData

Travel and tourism sector witnessed 10.9% year-on-year (YoY) decline in the number of deals (mergers and acquisitions (M&A), private equity (PE) and venture financing) announced globally during January-May 2024. Despite this downturn, PE deals showed improvement, and European markets showed growth, highlighting new opportunities for strategic investments, according to GlobalData, a leading data and analytics […]

Medical Devices

GlobalData spotlights FDA call for innovating Parkinson’s freezing of gait detection using AI

As digital health technologies proliferate, the FDA is taking a closer look at how they can capture information about a person’s health outside of a clinical setting. For Parkinson’s disease, a handful of wearable technologies have already been cleared to track symptoms. With the demand for advanced disease management and a transformative shift towards accuracy […]

Disruptor

Energy harvesting tech transforms IoT and consumer electronics with sustainable power, says GlobalData

Energy harvesting technologies are set to transform IoT and consumer electronics by providing sustainable, efficient, and innovative power solutions. These advancements aim to significantly reduce reliance on traditional batteries, addressing environmental concerns and enhancing device performance. By offering eco-friendly alternatives, these technologies promise to extend device lifespan, reduce maintenance costs, and transform power sources in […]

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Credit and charge card payments in Hong Kong to surpass HDK1 trillion in 2024, forecasts GlobalData

Multiplay service revenue in Singapore to grow at 3.9% CAGR over 2023-2028, forecasts GlobalData

Mobile service revenue in Malaysia to increase at 3.2% CAGR over 2023-2028, forecasts GlobalData

US startups raise over $50 billion VC funding during Jan-May 2024 despite decline in deal volume, reveals GlobalData

Tesla dominates Reddit discussions on US electric vehicle industry during H1 2024, reveals GlobalData

Connected vehicle technologies market in APAC poised to grow at 4% CAGR during 2023-2028, forecasts GlobalData

Philippines general insurance industry to reach $3.8 billion in 2028, forecasts GlobalData

Abbott to compete with Medtronic in EU dual-chamber leadless pacemaker market, says GlobalData

BIOSECURE Act could impact US biopharma drugs, with half in clinical trials, reveals GlobalData

Belgium card payments market to grow by 5.6% in 2024, forecasts GlobalData

Retail won’t see an immediate boost from a Starmer government’s policy agenda, says GlobalData

Global transformers market to reach $51.33 billion in 2028, led by the Asia-Pacific region, forecasts GlobalData

Companies seen hiring for industrial metaverse roles, finds GlobalData

Private biotech rebounds with 46% growth in venture funding during Q1 2024, reveals GlobalData

Alternative payment tools lead e-Commerce payments in Asia-Pacific, finds GlobalData

Industrial metaverse gains prominence in companies discussions and filing documents, finds GlobalData

US inflation drop to 3.3% ignites influencers discussion on potential Fed rate cuts, reveals GlobalData

Global travel and tourism deals drop 10.9%; PE deals and European markets shine during January-May 2024, reveals GlobalData

GlobalData spotlights FDA call for innovating Parkinson’s freezing of gait detection using AI

Energy harvesting tech transforms IoT and consumer electronics with sustainable power, says GlobalData

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