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September is observed as Pulmonary Fibrosis (PF) Awareness Month every year to bring awareness to a disease in which the lungs become scarred. PF can lead to progressive decline in lung function, and idiopathic pulmonary fibrosis (IPF) is a type of PF with no known cause or cure. IPF affects approximately 128,000 people in the […]
Takeda and Astellas key firms in advancing early gene therapy research in Japan, reveals GlobalData
The gene therapy research in Japan has gained significant momentum due to the SAKIGAKE designation system and government-led initiatives like the “Project for Regenerative/Cellular Medicine and Gene Therapies” to accelerate research and development (R&D) to create new technologies for gene/cell therapy. In advancing early gene therapy research in Japan, Takeda and Astellas currently stand as […]
Walmart and Amazon reimagine retail with AI, finds GlobalData
Walmart and Amazon are leveraging artificial intelligence (AI) to push the boundaries of innovation, redefine consumer experiences and operational efficiency. While Walmart blends augmented reality and AI-powered store management to enhance in-store experiences, Amazon leads in customer personalization and autonomous systems, says GlobalData, a leading data and analytics firm. Kiran Raj, Practice Head of Disruptive […]
Payment cards dominate e-commerce payments in Australia, reveals GlobalData
Payment cards are the most are the preferred payment method for e-commerce purchases in Australia, collectively accounting for 50.6% share in 2023, reveals GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Australian e-commerce market is estimated to register 8.3% growth in 2024 to reach AUD77.2 billion ($51.3 billion), as consumers increasingly […]
Spain defense budget set to reach 2% GDP target by early 2030s, says GlobalData
Spain’s political divisions are a major challenge to its long-term defense spending increases and acquisition programs. The Spanish government’s original goal was to reach NATO’s 2% spending target before 2030. While this is unlikely, at the current rate of growth, Spain’s defense budget is projected to rise to 1.54% of GDP by 2029, up significantly […]
Oracle and AWS alliance ignites cloud innovation excitement, reveals GlobalData
Oracle and Amazon Web Services (AWS) have partnered to launch Oracle Database@AWS, which brings Oracle’s Autonomous Database and Exadata Database Service to AWS’s cloud platform, at Oracle CloudWorld. This development has generated considerable discussion among the influencers on social media platform “X”, who highlight its potential to enhance cloud computing capabilities through improved performance, scalability, […]
Asia to account for entire global polycarbonate capacity additions through 2028, says GlobalData
Asia is likely to be the only region in the world to witness polycarbonate capacity additions during 2024 to 2028 from 11 new-build and expansion projects, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Polycarbonate Industry Outlook by Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants […]
Influencers opine OpenAI’s ChatGPT o1 Model as game-changer in AI reasoning and advanced intelligence, reveals GlobalData
OpenAI’s ChatGPT o1 model, known as Strawberry AI, made its debut on 12 September 2024 and has generated substantial attention among influencers on social media platform “X” due to its notable advancements in reasoning and problem-solving capabilities from its predecessors. Influencers have highlighted the o1 model’s advancements in multi-step logic, math, science, and coding. They […]
APAC AV computer system hardware fitment market to expand at 9.7% CAGR over 2024-29, forecasts GlobalData
Continuous innovations and rising patent filings in adaptive cruise control, vehicle anti-collision radars, obstacle detection radar-lidar, and AR/VR (Augmented Reality/Virtual Reality) instrument clusters have been the primary drivers of the advancement of autonomous driving systems. To run these advanced driving features, autonomous vehicle (AV) computer system hardware is required. As a result, the AV computer […]
World Sepsis Day 2024: Improved clinical trial design and targeted therapies remain key unmet needs, says GlobalData
World Sepsis Day, which takes place annually on September 13, aims to raise awareness of the devastating condition that claims millions of lives globally each year. Sepsis is a life-threatening and complex disease caused by a dysregulated host immune response to an infection. Currently, there is no drug that specifically targets the underlying pathophysiological processes […]
Beverage companies must innovate beyond own markets to stand out as brand collaborations rise, says GlobalData
Collaborations between well-known brands, such as the recent Coca-Cola and Oreo partnership, are of mutual benefit to companies by way of sales and marketing promotion. The partnerships allow collaborating brands to leverage their existing fan bases and create a buzz around the product. As such, beverage companies need to innovate beyond their markets, as 65% […]
Gambling brands secure shirt sponsorship deals worth $135.43 million in Premier League 2024-25, reveals GlobalData
In April 2023, the Premier League announced that it would introduce a ban on gambling shirt sponsors on club shirts. That ban is set to come into force at the beginning of the 2026-27 season. With two seasons left until the ban takes effect, clubs are not slowly easing off these shirt deals but rather […]
GLP1R innovator drugs drive over $6.2 billion in licensing agreement deals in 2024YTD, reveals GlobalData
The recent success of obesity treatments, particularly Ozempic (semaglutide) and Mounjaro (tirzepatide), has driven significant interest in glucagon-like peptide-1 receptor (GLP1R) targeting drugs. These therapies have witnessed a 595% increase in licensing deal value between 2019 and 2024 year-to-date (YTD), exceeding $6.2 billion in 2024 YTD alone. Biopharmaceutical companies are now focusing on advancing these […]
GlobalData raises global economic growth projection for 2024 to 2.52%
The global economy is navigating through a complex landscape marked by persistent geopolitical tensions. Nevertheless, easing inflationary pressure, central bank rate cuts (including by the ECB), and stronger consumer spending are mitigating these issues. Against this backdrop, GlobalData, a leading data and analytics company, has revised the global economic growth forecast for 2024 to 2.52% […]
Top 20 APAC insurers face subdued premium growth amid economic and regulatory challenges in 2023, finds GlobalData
The top 20 public insurance companies in Asia-Pacific (APAC) reported subdued premium growth in 2023 owing to broader economic and regulatory challenges such as inflationary trends, and implementation of IFRS 17. As a result, their average premium earned* grew by a paltry 1.3% while experiencing a modest 5.5% uptick in total revenue, reveals GlobalData, a […]
Tech giants target APAC to step up AI and cloud investments, reveals GlobalData
Asia-Pacific (APAC) is rapidly emerging as a global artificial intelligence (AI) powerhouse, with strategic investments fueling its ascent. Major tech companies pouring billions of dollars into the region to accelerate cloud and AI adoption is indicative of the immense potential and opportunities in this dynamic market. This evolution, driven by the region’s growing technological capabilities […]
Malaysia life insurance industry to surpass $17 billion by 2028, forecasts GlobalData
The Malaysian life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 5.2% over 2024–28, from MYR63.2 billion ($13.9 billion) in 2024 to MYR77.3 billion ($17.2 billion) in 2028, in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that […]
Volvo’s revised electrification goal sparks mixed influencer opinions on electric future, reveals GlobalData
AB Volvo, part of China’s Geely Holding, has become the focal point of discussion among influencers on social media platform “X”, following its decision to revise its ambitious 2030 electrification goal. The Swedish automaker, previously committed to selling only fully electric vehicles (EV) by the end of the decade, has adjusted its target to a […]
iPhone 16: Apple Intelligence is here, but Google is miles ahead, says GlobalData
Following the news that Apple has announced iPhone 16 series phones, featuring Apple Intelligence, along with Watch 10 series, and AirPods 4 at the Glow Time event: Anisha Bhatia, Senior Technology Analyst at GlobalData, a leading data and analytics company, offers her view: “Minor improvements on the iPhone 16 aside, it was Apple Intelligence that […]
APAC automotive sensors market to increase at 0.4% CAGR during 2024-29, forecasts GlobalData
The automotive industry is witnessing a growing demand for electronic sensors, particularly in position sensing applications, propelled by continuous technological advancements and innovations. The focus on technical progress, including electrification and autonomous driving, has amplified the need for high-precision sensors. However, the limited adoption of automotive sensors in compact and economy cars, given their high […]