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The oil and gas industry has pursued energy transition avenues to decarbonize its operations. However, heightened energy security fears amid the Ukraine war have brought back the focus on fossil fuels, which has led companies to scale down their energy transition pursuit. This will likely continue in 2024, but the switch towards low-carbon energy is […]
Mpox virus testing to drive South Korea PCR systems market at 5% CAGR through 2033, forecasts GlobalData
Amid the escalating Mpox outbreak and the World Health Organization’s declaration of a public health emergency, South Korea-based Seegene has recently launched specialized research-use polymerase chain reaction (PCR) test assays. Given the synergy between assay development and PCR system advancements, the South Korean PCR systems market is expected to grow at a compound annual growth […]
AI startups drive manufacturing transformation with automation and sustainability solutions, says GlobalData
The global manufacturing sector is undergoing rapid transformation with artificial intelligence (AI) driving factory automation across the value chain, including product development, operations, process optimization, and quality control. AI-focused startups are leading this shift with technologies such as AI-powered collaborative robots (cobots), real-time production simulations, generative design, predictive analytics, and intelligent systems. These innovations boost […]
India foodservice industry embrace eco-friendly practices to meet consumer sustainability demands, says GlobalData
India’s foodservice operators are increasingly responding to rising consumer demand for eco-friendly practices and addressing the sector’s environmental impact. Many are transitioning to greener alternatives, such as minimizing plastic use and adopting sustainable sourcing. These initiatives reflect a commitment to balancing business growth with ecological responsibility, highlighting the industry’s commitment to environmental sustainability, says GlobalData, […]
Deal volume in APAC fall by 8.1% YoY during January-August 2024, finds GlobalData
A total of 9,228 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the Asia-Pacific (APAC) region during January to August 2024 period. This was a year-on-year (YoY) decline of 8.1% compared to the announcement of 10,046 deals during the same period in 2023, according to GlobalData, a leading data and […]
Tempeh gains prominence to combine sustainability with nutrition in modern food trends in APAC, says GlobalData
In the quest for sustainable and nutritious food options, tempeh stands out as a prime example of how traditional foods can meet modern health and environmental standards. Originating from Indonesia, tempeh is a plant-based protein made from fermented soybeans that has been nourishing populations for centuries. As consumers become increasingly aware of their dietary choices’ […]
Medtronic to challenge Boston Scientific dominance in ICD market with Aurora EV-ICD, says GlobalData
Cardiac implantable electronic devices have been a cornerstone in the management of arrhythmias for decades, but recent advancements are poised to reshape the landscape of cardiac care. Among these innovations is the extravascular implantable cardioverter defibrillator (EV-ICD), a revolutionary technology that Medtronic has pioneered with its Aurora EV-ICD system. With its advanced capabilities and minimally […]
mRNA vaccines lead next-generation efforts to combat H5N1 amid global outbreaks, says GlobalData
The H5N1 virus, known for its 50% human case fatality rate, has persisted globally for over two decades, causing thousands of infections. The recent outbreaks, including those affecting US dairy cows, have accelerated the development of next-generation vaccines, with mRNA vaccines stepping into the spotlight, aiming to replicate the success achieved during the COVID-19 pandemic, […]
Unmet need for prophylactic and therapeutic HSV vaccines remains high as genital herpes prevalence rises, says GlobalData
GSK has recently announced its decision to halt development of its herpes simplex virus (HSV) therapeutic vaccine candidate, GSK3943104, which was under investigation for genital herpes, after a Phase I/II clinical trial failed to meet its primary efficacy goals. The vaccine was not associated with any safety concerns in the trial. However, owing to the […]
Wave 2 Copilot launch reinforces Microsoft leadership in team collaboration space, says GlobalData
Microsoft has introduced a series of generative AI (GenAI) based office productivity tools at the recently held “Microsoft 365 Copilot: Wave 2” event, further cementing its leadership position in the team collaboration space. Although Microsoft is playing catch-up with some of the capabilities and generally releasing them long after they were first announced, its comprehensive […]
Cloud innovations drive enterprise efficiency, says GlobalData
Cloud computing is rapidly transforming how enterprises operate by optimizing performance, enhancing scalability, and ensuring sustainability. The integration of hybrid and multi-cloud environments, edge computing, and AI/ML technologies are driving enterprises toward more agile, cost-effective, and secure IT infrastructures. These emerging cloud innovations are paving the way for increased efficiency and operational excellence across sectors […]
GlobalData outlines inflation-related concerns as discussed by companies in filing documents
Inflation rates remain a mixed bag and vary widely among different countries. Although, inflation has moderated across some markets, but it remains high for some countries, and accordingly the trend shifts towards rebalancing its impact. Companies have been vocal about their concerns related to inflation and discussing these extensively in filing documents, according to GlobalData, […]
GlobalData finds companies across sectors posting jobs around Claude
Large language models (LLMs) is a rapidly growing field, and the demand for skilled professionals with expertise in Anthropic’s Claude, Google’s Gemini, Meta’s LLaMA, OpenAI’s GPT, Llama 3, and related technologies is on the rise as companies are swiftly developing medium and long-term talent plans to adapt to the evolving work landscape driven by generative […]
Influencers weigh in on Fed’s rate cut: Optimism vs. recession concerns, reveals GlobalData
The latest Federal Reserve’s decision to cut interest rates by 50 basis points has become a trending topic on social media, sparking a flurry of discussions among the influencers on social media platform “X”. The cut was observed as both in line with expectations and marked the start of a loosening cycle in monetary policy, […]
Global travel and tourism sector deal activity fell by 12.6% YoY during January-August 2024, finds GlobalData
A total of 456 deals (mergers and acquisitions (M&A), private equity and venture financing) were announced in travel and tourism sector for the period of January to August 2024, which was a year-on-year (YoY) decline of 12.6% in deal volume, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database […]
Mohsin Issa’s decision to retreat from ASDA’s helm a step in the right direction for the struggling grocer, says GlobalData
Following the news that ASDA co-owner Mohsin Issa will step back from his executive leadership role, and that Lord Stuart Rose will assume Mohsin’s executive responsibilities alongside Rob Hattrell, a Director on the ASDA board with experience at eBay Europe as Senior Vice President: Eleanor Simpson-Gould, Senior Retail Analyst at GlobalData, offers her view: “The […]
Global deal activity down by 15% YoY during January-August 2024, reveals GlobalData
A total of 32,050 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced globally during January-August 2024. This represents a 15% year-on-year (YoY) decline in deal volume compared to the 37,724 deals announced during the first eight months of 2023, according to GlobalData, a leading data and analytics company. An analysis of […]
Beauty-from-within trend gaining traction in APAC region, says GlobalData
In the Asia-Pacific (APAC) region, beauty trends are constantly evolving with changing consumer needs and the advent of technology in beauty care. There is a consumer shift towards a more focused and holistic approach that combines beauty and wellness through broader concepts of skin health, gut health, conscious living, and mental health. Concurrently, the concept […]
Taiwan general insurance industry to surpass $12 billion in 2028, forecasts GlobalData
The Taiwanese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 6.8% from TWD279.8 billion ($9.0 billion) in 2024 to TWD364.2 billion ($12.2 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 Taiwan general […]
Premier League sponsorship revenue reaches $1.68 billion for 2024-25 season, reveals GlobalData
With big increases in sponsorship from areas such as the clothing & accessories and gambling industries, the combined value of the sponsorship rights across the 20 English Premier League clubs for the 2024-25 season has increased by 12.4% to $1.68 billion from under $1.5 billion in the previous season, according to GlobalData, a leading data […]