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Asia-Pacific (APAC) topped the global initial public offering (IPO) market, with 604 companies going for public issues to raise a total of $33.9 billion for the calendar year 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), […]
One Blck will allow Swiggy to differentiate in competitive Indian food delivery market, says GlobalData
Swiggy, one of India’s leading food ordering and delivery platforms, launched One Blck, an invitation-only membership program tailored for those who prioritize premium convenience and service. This move will not only help Swiggy to differentiate its services in a competitive market but also strengthen customer retention and loyalty by providing premium benefits including faster deliveries […]
China VC funding down by 22.5% YoY to $32.3 billion during January-November 2024, reveals GlobalData
A total of 2,313 venture capital (VC) funding deals were announced in China during January-November 2024, while the total disclosed funding value of these deals stood at $32.3 billion. This represents a year-on-year (YoY) decline of 23.1% in VC deal volume, whereas the total disclosed funding value fell by 22.5%, according to GlobalData, a leading […]
Japan’s food replicas redefine culinary experiences for tourists and locals, says GlobalData
The growing interest in hyper-realistic replicas of food is beyond a culinary trend. It is changing a cultural phenomenon, and the way tourists and food lovers experience the Japanese cuisine. These replicas are beautiful models that have been made to display menu items in the restaurant windows, and they have now become immersive attractions that […]
Oil & gas industry sees non-US hiring gaining momentum amid overall decline in jobs, says GlobalData
The oil & gas industry has seen a dip in active jobs (jobs open for hiring) in 2024, but hiring trends remain relatively better compared to pre-COVID levels. In 2024, countries with high job postings in the industry included the US, India, and the UK, while countries with high year-on-year (YoY) growth in job postings […]
2024 Davis Cup Finals generates estimated $11.89 million in sponsorship revenue, reveals GlobalData
The 2024 Davis Cup Finals saw partnerships from 16 brands, with UniCredit securing the most substantial agreement in terms of annual value among the sponsors. The partnership, which was announced in June 2024 and is set to continue until the end of the 2026 season, sees UniCredit serve as the official banking partner of the […]
Meal deals become mainstay of QSR operations in APAC, says GlobalData
Meal deals have emerged as a significant offering in the foodservice sector, particularly at quick-service restaurant (QSR) establishments, where they are characterized by a combination of a main item such as a burger or a sandwich, a snack, and a beverage, sold in combination at a lower price than the sum of the individual items. […]
Indian pharma companies focus on innovative research in foreign countries through dedicated entities, says GlobalData
Indian pharma players have increased their focus on innovative research and development (R&D). Historically, the majority of Indian companies used to execute their innovative research and development (R&D) from India. However, Indian companies have started establishing dedicated research companies in Western countries as well. Against this backdrop, the success of these dedicated research companies will […]
APAC exhaust and ICE after-treatment market to decline at negative 2% CAGR over 2024-29, forecasts GlobalData
As environmental sustainability concerns continue to grow, electrification has become a key focus for governments worldwide, with the Asia-Pacific (APAC) region at the forefront of this transition. China, being the largest market for electric vehicles (EVs), is leading the charge, while other Asian nations such as Japan, South Korea, India, and Indonesia are implementing policies […]
US VC funding reaches $125 billion during January-November 2024, finds GlobalData
The US-based startup ecosystem witnessed announcements of a total of 4,463 venture capital (VC) deals during January to November 2024 with a disclosed funding value of $125 billion, marking a significant year-on-year (YoY) improvement in total funding value despite a decline in the number of VC deals volume, according to GlobalData, a leading data and […]
2024 World Series to generate estimated $814.80 million in sponsorship revenue, reveals GlobalData
With 47 brands sponsoring the 2024 World Series, the competition’s largest sponsorship deal in terms of annual value is joint between both Nike and SeatGeek, both worth a reported $100 million each. SeatGeek has agreed a five-year deal to become the official secondary ticket marketplace of MLB, as of the 2023 season. Nike has agreed […]
Domino’s ad strategy focuses on indulgence, customization, and convenience to enhance customer experience, reveals GlobalData
The advertising strategy for Domino’s Pizza Inc (Domino’s) from 1st September to 30th November 2024 effectively captured audience attention by emphasizing indulgent food experiences, customizable options, and cost-effective deals according to the Global Ads Platform of GlobalData, a leading data and analytics company. The brand leverages its expertise in comfort food, creative promotions, and relatable […]
AD 12-month diagnosed prevalent cases to reach 42.42 million in 7MM by 2033, forecasts GlobalData
The burden of 12-month diagnosed prevalent cases of atopic dermatitis (AD) is forecast to increase at an annual growth rate (AGR) of 0.10% from around 42.02 million cases in 2023 to 42.42 million cases in 2033 in the seven major markets (7MM*), according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Atopic […]
Enterprise ICT market revenue in Vietnam to witness 16% CAGR over 2023-2028, forecasts GlobalData
The enterprise ICT revenue opportunity in Vietnam is projected to increase at a compound annual growth rate (CAGR) of 16%, driven by the acceleration in enterprise digital transformation efforts, especially in banking, financial services and insurance (BFSI) segment – the largest end-use market for ICT in the country, according to GlobalData, a leading data and […]
Singapore PA&H insurance industry to surpass $8 billion by 2029, forecasts GlobalData
Personal accident and health (PA&H) insurance in Singapore is expected to grow at a compound annual growth rate (CAGR) of 6.6% from SGD8.5 billion ($6.2 billion) in 2024 to SGD11.7 billion ($8.6 billion) in 2029, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database, reveals that […]
Quality remains top priority for parents in purchasing baby care products in APAC, says GlobalData
Growth in the Asia-Pacific (APAC) region is projected to slow over the next few years, impacted by an ageing population, trade tensions, and greater policy uncertainty. However, parents’ focus on the quality of ingredients used in baby care and childcare products remains high despite concerns over their financial situation. Aligning with this, 37% of respondents […]
Google’s quantum computing gambit pays off in a turbulent market, reveals GlobalData’s Technology Foresights
In a remarkable turnaround from a challenging year marked by intensifying AI competition that threatened its dominance in internet search, Google is closing 2024 on an optimistic note. The tech giant’s stock has surged nearly 14% over the past month, rebounding from previous quarterly lows. While the company is busy releasing substantial enhancements to its […]
Growing consumer inclination for rapid delivery services drives quick commerce expansion in India, says GlobalData
The rapid rise of quick commerce in India is reshaping the retail landscape, with urban populations progressively seeking fast delivery services for daily necessities. The food collection take-away segment in India is projected to register a compound annual growth rate (CAGR) of over 7.7% during 2023–28^. As consumers increasingly rely on instant access and time-saving […]
Humanoid robotics transform industries with human-like dexterity and intelligence, says GlobalData
Humanoid robotics technologies are set to transform industries by offering advanced dexterity, precision, and human-like capabilities. These developments promise to automate complex tasks, address labor shortages, and enhance operational efficiency across industries such as healthcare, manufacturing, logistics, and service industries, says GlobalData, a leading data and analytics company. Saurabh Daga, Project Manager of Disruptive Tech […]
China to spearhead global ethylene oxide capacity additions through 2028, says GlobalData
China is likely to register the highest ethylene oxide capacity additions globally by 2028, contributing about 75% of the total capacity additions from upcoming planned and announced projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Ethylene Oxide Industry Capacity and Capital Expenditure Forecasts with Details of Active and Planned Plants […]