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Inflation remains a significant concern for economies globally, with some experiencing moderation while others facing persistently elevated levels. This disparity has led companies to reevaluate their strategies to mitigate inflation’s effects. Companies across industries are taking decisive steps to deal with the pressure emerging out of these challenges, according to GlobalData, a leading data and […]
Oral beauty trend gains traction in Asian markets, says GlobalData
Dental health is becoming a top priority for Asian consumers given the increasing oral issues such as gum diseases, dental cavities, and oral cancers. Consumers are seeking new oral care products with innovative ingredients and technological integration to support their needs. Consequently, the concept of oral beauty or oral care skinification, which involves the combination […]
GlobalData finds companies across sectors posting jobs around retrieval-augmented generation
Retrieval-augmented generation (RAG) is a rapidly growing field as a sophisticated AI technique that enhances the performance of LLMs by retrieving relevant documents or information from external sources during text generation. Consequently, the demand for skilled professionals with expertise in RAG is on the rise. Against this backdrop, companies across sectors are seen posting jobs […]
UK data WAN market remains hyper-competitive as GenAI explosion leads to surge in demand, says GlobalData
The data WAN (wide area network) market remains hyper-competitive in the UK and a sudden increase in demand has sprung up as GenAI applications and proofs of concept were rolled out last year, according to an analysis of data WAN service providers to enterprise customers in the country conducted by GlobalData, a leading data and […]
Greece defense budget to remain in mid-1% of GDP through 2029, forecasts GlobalData
Despite the Greek government’s policy goals of reaching NATO’s 2% spending target, the country’s economic issues and political divisions are a challenge to its long-term defense spending increases and acquisition programs. As such, Greece’s defense budget is projected to remain in the mid-1% of its gross domestic product (GDP) through 2029, says GlobalData, a leading […]
Bacteria next big disruptor in global sustainability, says GlobalData
Engineered bacteria, genetically modified to perform specific functions or produce desired compounds, are set to revolutionize industries by providing sustainable, cost-effective solutions to global challenges, according to GlobalData, a leading data & analytics company. Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: “Advances in synthetic biology and genetic engineering position bacteria as catalysts […]
Japan life insurance industry to surpass $371 billion in 2029, forecasts GlobalData
The Japanese life insurance industry is set to grow at a compound annual growth rate (CAGR) of 4.7% from JPY39.7 trillion ($275.8 billion) in 2024 to JPY50.0 trillion ($371.2 billion) in 2029, in terms of direct written premiums (DWP), according to GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the life […]
PCR systems market in Japan to grow at 5% CAGR through 2033, forecasts GlobalData
Antimicrobial resistance (AMR) is a serious health problem globally, including in Japan, imposing a severe clinical and economic burden on both patients and the society. Polymerase chain reaction (PCR) systems, which offer great sensitivity and specificity in detecting resistance genes and infections across a variety of settings, have become indispensable instruments in the fight against […]
UK startups secure $10.1 billion in VC during first eight months of 2024, finds GlobalData
UK startups attracted a total of $10.1 billion in venture capital (VC) funding through 673 deals announced during January-August 2024. This marks a year-over-year (YoY) improvement of 14.8% in total funding value despite a 16% decline in VC deals volume compared to January-August 2023, according to GlobalData a leading data and analytics company. An analysis […]
Climate Tech: Join GlobalData’s webinar to find out the technologies at the forefront of industry decarbonization initiatives
The heightened occurrence and intensity of adverse weather events are highlighting the pressing need for change among both businesses and governments, emphasizing the swift transition towards net zero. A diverse array of technologies, including hydrogen, nuclear fusion, heat pumps, renewable energy sources, batteries, electric vehicles, e-fuels, carbon capture, and artificial intelligence (AI), is at the […]
US startups raise $82.2 billion VC funding during Jan-Aug 2024, reveals GlobalData
The US secured $82.2 billion in venture capital (VC) funding through 3,102 deals announced during January-August 2024. This represents a 1.9% year-on-year (YoY) improvement in total funding value even though VC deals volume fell by 39% compared to the number of deals announced during the first eight months of 2023, according to GlobalData, a leading […]
New Zealand card payments market to surpass $75 billion in 2028, forecasts GlobalData
The New Zealand card payments market is forecast to register a compound annual growth rate (CAGR) of 4.1% between 2024 and 2028 to reach NZD122.3 billion ($75.1 billion) in 2028, supported by a constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card […]
China VC funding down by 12.6% YoY to $23.3 billion during January-August 2024, reveals GlobalData
A total of 1,761 venture capital (VC) funding deals of worth $23.3 billion were announced in China during January to August 2024. This represents a year-on-year (YoY) decline of 18.5% in terms of deal volume and 12.6% YoY decline in terms of total funding value, according to GlobalData, a leading data and analytics company. An […]
Singapore alcoholic beverages industry digitization to help consumers make informed purchase decisions, says GlobalData
The alcoholic beverages industry in Singapore is witnessing a broader trend of digitization, where traditional practices are evolving to incorporate technology for greater consumer awareness and responsibility. By offering essential information in a convenient digital format, the alcoholic drinks industry is catering to a tech-savvy audience and responding to the growing demand for accessible product […]
India orthopedic devices market to grow at 5% CAGR through 2033, forecasts GlobalData
India faces a significant burden from increasing cases of orthopedic disorders due to an aging population, rising obesity rates, and high incidences of road accidents. This combination significantly elevates the demand for orthopedic devices, with joint replacements being particularly in demand. Against this backdrop, India’s orthopedic devices market is set to grow at a compound […]
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 […]
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 […]
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’ […]
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 […]
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 […]