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The UK witnessed the announcement of a total of 389 venture capital (VC) funding deals of worth $3.6 billion during January-April 2024. This is a year-on-year (YoY) decline of 21.4% in terms of deal volume and 32.8% in terms of value, according to GlobalData a leading data and analytics company. An analysis of GlobalData’s Deals […]
Fixed communication services revenue in Hong Kong to grow at 2% CAGR during 2023-2028, forecasts GlobalData
The fixed communication services revenue in Hong Kong is expected to increase at a compound annual growth rate (CAGR) of 2.0% from $2.7 billion in 2023 to $3.0 billion in 2028, supported by the fixed broadband service segment, according to GlobalData, a leading data and analytics company. GlobalData’s Hong Kong Fixed Communication Forecast (Q1 2024) […]
China accelerates naval modernization amid rising regional tensions, says GlobalData
China has unveiled its inaugural drone carrier in response to heightened tensions and evolving geopolitical dynamics in the Asia-Pacific region. This marks a significant stride in its ambitious military modernization efforts, reflecting its commitment to bolstering naval prowess. With a focus on enhancing maritime surveillance capabilities and asserting dominance in contested areas like the South […]
Philippines e-commerce payments to surge by nearly 20% in 2024, reveals GlobalData
The Philippines e-commerce market is growing at a fast pace and is expected to surge by 19.6% in 2024, driven by growing consumer preference for online shopping and strong internet penetration, finds GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Philippine e-commerce market registered a compound annual growth rate (CAGR) of […]
AI-powered diagnostics in digital healthcare transforming patient safety, says GlobalData
The introduction of artificial intelligence (AI)-powered diagnostic tools demonstrates the medical industry’s shift towards precision medicine approaches. These tools enable a more personalized approach to healthcare by analyzing biological and clinical data using advanced algorithms that account for individual patient characteristics, biomarkers, and disease profiles. Precision medicine exemplifies a larger trend of tailoring therapeutic interventions […]
GE Healthcare and Medis partnership will transform non-invasive cardiovascular diagnostics, says GlobalData
GE HealthCare and Medis Medical Imaging have recently announced a partnership to enhance non-invasive coronary assessments. The partnership represents a significant leap forward in the field of cardiovascular diagnostics. It highlights the potential of integrating imaging and software technologies in transforming cardiovascular diagnostics, according to GlobalData, a leading data nd analytics company. GlobalData forecasts the […]
Medical manufacturers begin to see positive outcomes from reshoring, says GlobalData
Since 2020, global supply chains have encountered significant disruptions driven by geopolitical conflicts, armed conflicts, climate change, and shifting demographics. These issues have been especially pronounced in the medical devices sector, where the need for resilient supply chains is crucial. The COVID-19 pandemic exposed the vulnerabilities in this sector, causing severe shortages of essential medical […]
Influencers expect Microsoft Copilot+ PCs to pave way for AI-driven computing era, reveals GlobalData
Following Microsoft’s unveiling of Copilot+ PCs, the company has gained prominence among influencers, sparking extensive discussions on social media platform “X”. Influencers believe this technological breakthrough heralds a significant paradigm shift in the monetization opportunities available to developers and the streamlining of their workflows. Notably, the seamless integration of Copilot with Qualcomm’s Snapdragon X series […]
Early UK general election may prove to be a blessing for Govtech supply community, says GlobalData
The unexpected announcement of a UK general election on 4 July 2024 by Prime Minister Rishi Sunak may invigorate the Govtech supply sector. Despite a sluggish start to 2024 in public sector ICT procurements, this development offers renewed prospects for technology providers, potentially revitalizing digital transformation projects and boosting opportunities in the latter half of […]
Startups fight digital deception with deepfake detection tools, finds GlobalData
OpenAI has recently introduced a deepfake detector designed specifically to identify content produced by its image generator, DALL-E. Initially, the tool will be provided to a select group of disinformation researchers for real-world testing. In the dynamic field of cybersecurity, transformative technologies like AI-driven deepfake detection, real-time monitoring, and advanced data analytics are revolutionizing digital […]
Innovent Biologics mazdutide can pave way for transformative T2D treatment, says GlobalData
Innovent Biologics Inc has recently unveiled promising Phase III (DREAMS-2) results for mazdutide, indicating superiority over dulaglutide in glycaemic control for type 2 diabetes (T2D) patients in China. With its potential to revolutionize T2D treatment, mazdutide’s success could not only reshape the landscape of diabetes therapeutics in China but also underscores the growing demand for […]
China renal denervation catheters market to grow at 9% CAGR through 2033, forecasts GlobalData
The prevalence of hypertension has been rising continuously in China, making it a significant health concern. To address this challenge, treatments such as renal denervation systems are emerging as potential solutions, particularly for patients with resistant hypertension. Against this background, the renal denervation catheters market in China is expected to grow at a compound annual […]
Hypersonic interceptor to help Japan to deter future aerial threats, says GlobalData
Amid the ongoing dispute over the Senkaku Islands with a formidable China and growing nuclear-tipped missile deployments by North Korea, Japan is currently collaborating with the US to develop a new hypersonic interceptor that will help the country defend its assets against missiles and other aerial threats. As part of this effort, Japan has earmarked […]
Multiplay service revenue in India to grow at 4.5% CAGR over 2023-2028, forecasts GlobalData
Multiplay service revenue in India is expected to grow at a compound annual growth rate (CAGR) of 4.5% between 2023 and 2028, in line with the rising adoption of multiplay service bundles among households on the back of improving fixed network infrastructure in the country, according to GlobalData, a leading data and analytics company. GlobalData’s […]
China defies global trend to raise $16.5 billion VC funding during January-April 2024, finds GlobalData
Funding value up despite decline in volume US and UK register decline in funding value Big-ticket deals drive overall funding value in China China’s venture capital (VC) landscape witnessed a nuanced trend during January-April 2024, with a slight decline of 8.6% in deal volume compared to the previous year, contrasted by a notable 35.4% increase […]
Data center innovations drive towards greener digital horizon, says GlobalData
Data centers are undergoing a significant transformation, merging traditional computing frameworks with innovative technologies. This evolution, driven by the critical need for efficiency and scalability in computing, is redefining the way data is managed and processed globally, reveals GlobalData, a leading data and analytics company. Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: […]
Oil and gas contracts market sees 37% decline in value during Q1 2024, reveals GlobalData
The oil and gas contracts market faced turbulence, with a notable quarter-on-quarter (QoQ) decline of 37% in disclosed contract value, dropping from $50.2 billion in Q4 2023 to $31.4 billion in Q1 2024. This decline was accompanied by a decrease in overall contract volume, reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
LEO satellites drive industry innovation through strategic collaborations, notes GlobalData
Elon Musk’s SpaceX has just rolled out Starlink Internet services in Indonesia, marking a significant milestone for global connectivity and investment opportunities. This highlights the role of low earth orbit (LEO) satellites in enhancing worldwide communication and driving economic growth. International collaborations aimed at bolstering low-latency data relay services tap into pooled expertise and resources, […]
China atherectomy devices market to grow at 9% CAGR through 2033, forecasts GlobalData
Owing to the increasing prevalence of peripheral artery diseases (PAD) due to an ageing population, sedentary lifestyles, poor eating habits, and growing demand for non-invasive endovascular procedures, the atherectomy devices market in China is projected to grow at a compound annual growth rate (CAGR) of 9% between 2023 and 2033, forecasts GlobalData, a leading data […]
Top 20 APAC banks see 4.3% revenue growth in 2023 amid economic recovery, finds GlobalData
The top 20 Asia-Pacific (APAC) banks saw a 4.3% increase in combined revenue, reaching $1.67 trillion in 2023, up from $1.6 trillion the previous year. This growth was fueled by a surge in interest income due to tightened monetary policies, robust economic recovery, and improved asset quality, despite a decline in non-interest income amid economic […]