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Cisco Systems Inc‘s earnings report for the second quarter (Q2) ended in January 2024 exceeded analyst predictions, sparking diverse reactions on social media. While industry influencers commend the computer networking giant’s strategic direction and its endeavors for innovation and growth amidst the tech sector’s dynamic changes, the sentiment is mixed. There is a balance of […]
Colorectal cancer market across 8MM to reach $21.8 billion in 2031, forecasts GlobalData
The prevalence of colorectal cancer (CRC) is surging across the eight major markets (8MM*) due to an aging population and increased mutation testing. With a projected market expansion from $15.8 billion in 2021 to $21.8 billion in 2031, at a CAGR of 3.3%, CRC presents a significant growth opportunity. This uptrend is primarily driven by […]
Influencers laud NVIDIA Chat with RTX AI chatbot as game-changer for Windows PCs, finds GlobalData
NVIDIA Corp recently launched the “Chat with RTX”, an AI-powered chatbot that facilitates enhanced conversations on Nvidia AI PCs. The feature, available through an update of the Nvidia Broadcast app, enables personalized large language models to deliver AI capabilities directly to the users’ desktops. Subsequently, the localized AI service has sparked a wave of discussions […]
Oil and gas industry shows resilience amid 16% QoQ decline in overall contract volume during Q4 2023, reveals GlobalData
Amidst shifting market dynamics, the oil and gas industry faced a significant quarter-on-quarter (QoQ) decline of 16% in disclosed contract volume from 1,401 in Q3 2023 to 1,172 in Q4 2023. However, despite this downturn, a marginal uptick in overall contract value hints at resilience during the challenging times, reveals GlobalData, a leading data and […]
Vivjoa to strengthen Jiagsu Hengrui infectious diseases portfolio in China, says GlobalData
Mycovia Pharmaceuticals Inc has recently announced that Jiangsu Hengrui Medicine Co Ltd has commercially launched Vivjoa* (oteseconazole) in China, making available an innovative oral azole antifungal treatment for recurrent vulvovaginal candidiasis (RVVC). This is expected to boost Jiangsu Hengrui’s infectious diseases portfolio in China and presents a promising treatment option amidst significant prevalence rates, says […]
GlobalData urges stronger cybersecurity amid rising healthcare data breaches
In a concerning trend that has sent shockwaves through the healthcare industry, the number of patient records exposed in data breaches doubled in 2023, highlighting a significant and growing threat to healthcare data security. This alarming surge in breaches has raised urgent concerns about the vulnerability of sensitive patient information and underscored the critical need […]
Frictionless commerce faces scrutiny amid consumer hesitation, observes GlobalData
Frictionless commerce, once heralded as the future of retail, faces scrutiny amid lukewarm consumer response. Despite its touted convenience, barriers to entry persist, hindering growth in this sector. With a market worth a modest $375.4 million in 2023, representing less than 0.01% of the global in-store retail market, questions arise about its scalability. As challenges […]
Hyperscalers and cloud data centers tackle Scope 3 emissions amid booming power consumption worries, finds GlobalData
As hyperscalers and cloud data centers grapple with the dual challenges of reducing Scope 3 emissions and managing escalating power consumption, the technology sector finds itself at a critical juncture. With global greenhouse gas (GHG) emissions on the rise, these entities face mounting pressure to adopt sustainable practices while meeting ever-growing demand for digital services, […]
APIs, security and 5G propel enterprises into mobile-first era, says GlobalData
Enterprises are undergoing a shift in network infrastructure as wireless technology outpaces traditional wireline solutions. With the widespread availability of 5G and new application programming interface (API) and security capabilities, businesses are embracing a mobile-first approach. This transformative journey promises to redefine corporate connectivity, offering unparalleled flexibility in an increasingly mobile-centric world, says GlobalData, a […]
Vietnam’s new nutritional labeling mandates reflect rising health awareness post-COVID-19, says GlobalData
Vietnam’s push for new nutritional labeling mandates underscores a growing consumer trend toward health consciousness post-COVID-19 pandemic. With majority of Vietnamese consumers influenced by health labeling, the initiative aims to align food and drink companies with international standards, boost transparency, and enhance public health. As the government drives compliance, consumers stand to benefit from informed […]
Chemiluminescence analyzers market in India to grow at 6% CAGR through 2033, forecasts GlobalData
Chemiluminescence immunoassay (CLIA) analyzers are indispensable tools in Indian medical landscape, offering a broad spectrum of applications encompassing infectious disease testing and cancer biomarker analysis. Consequently, they play a pivotal role in enhancing healthcare delivery, facilitating disease management, and advancing public health initiatives in the country. Against this backdrop, India’s chemiluminescence analyzers market is expected […]
Saudi Arabia general insurance industry to surpass $22 billion in 2028, forecasts GlobalData
Saudi Arabia’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.2% from SAR68.3 billion ($18.2 billion) in 2024 to SAR83.7 billion ($22.3 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that Saudi Arabia’s general […]
Negative pressure wound therapy devices market in India poised for 4% CAGR through 2033, forecasts GlobalData
Chronic wounds such as diabetic foot ulcers and pressure ulcers are becoming increasingly common in India due to various factors such as the rising prevalence of diabetes, sedentary lifestyles, and an aging population. Against this backdrop, the negative pressure wound therapy market in India is set to grow at a compound annual growth rate (CAGR) […]
Valentine’s Day marketing embraces individualism in India as brands defy stereotypes, finds GlobalData
As Valentine’s Day approaches, brands are leveraging the spirit of love to craft innovative and inclusive marketing strategies, resonating with India’s increasingly individualistic consumers. Embracing diversity and self-expression, companies are tapping into the desire for personalized experiences, driving sales by offering products that align with the values and interests of a youthful demographic, says GlobalData, […]
GlobalData explores vast potential of quantum computing over next decade
Quantum computing is emerging from the realm of theory into practical applications. With the potential to be revolutionary in cryptography, drug development, financial modeling, and more, quantum computing has attracted numerous Big Tech players, including Alphabet, IBM, Intel, and Microsoft. With an eye toward the future, this transformative technology is also beginning to feature strongly […]
Property insurers in Japan to maintain profitability in 2024 despite Noto Peninsula Earthquake, says GlobalData
The Japanese property insurers are likely to withstand losses and will not be negatively impacted by the 7.6 magnitude earthquake that struck the Noto Peninsula in Ishikawa Prefecture, on 1 January 2024, says GlobalData, a leading data and analytics company. The Noto Peninsula earthquake resulted in over 240 casualties and caused widespread property damage to […]
APAC VC deal volume suffers across all funding size ranges in 2023, reveals GlobalData
A total of 3,897 venture capital (VC) deals with disclosed funding value were announced during 2023 in the Asia-Pacific (APAC) region, which was a 33.2% decline compared to the announcement of 5,833 VC deals during the previous year. VC deals volume across all the funding size ranges contributed to the decline, according to GlobalData, a […]
High value deal volume decline reflects shift in investor strategies in 2023, says GlobalData
The global venture capital (VC) landscape saw a remarkable transformation with a substantial drop in high value deals (> $100 million) as low value deals (≤ $10 million) took center stage in 2023. This trend reflects evolving investor strategies amid economic uncertainties. The contrasting dynamics highlight a pivotal moment in VC funding, prompting closer examination […]
Global M&A deal value sinks by 12% to five year low in 2023, reveals GlobalData
The global merger & acquisition (M&A) deal value plummeted to its lowest point in five years. Totaling $2.2 trillion, these deals marked a 12% decrease from the prior year, attributed to inflation spikes and increasing interest rates worldwide, which induced a slowdown in the global economy, according GlobalData, a leading data and analytics company. GlobalData’s […]
ESPN, Fox and WarnerBros. Discovery will change streaming vs. pay-TV game with one-stop sports app, says GlobalData
Following the news that ESPN, a subsidiary of The Walt Disney Company, FOX and Warner Bros. Discovery have agreed to form a new joint venture (JV) to create a sports-oriented streaming video service; Tammy Parker, Principal Analyst of Global Telecom Consumer Services at GlobalData, a leading data and analytics company, offers her view: “This is […]