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GlobalData
GlobalData

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The FT, Sky News, Bloomberg, WSJ, along with over 77 other leading press organisations worldwide quote our data and insight and consider us a trusted, independent source.

Japan defense budget witnesses 19.3% CAGR during 2020-2024, reveals GlobalData

Despite the current economic downturn fueled by devaluating Yen, Japan’s ministry of defense requested a 17.2% increase in its 2024 defense budget, a significant portion of which is expected to be allocated for the procurement of various defense platforms, including submarines, surface vessels, and multi-role aircraft. Japan’s need to modernize its current inventory to counter […]
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APAC embraces real estate tokenization for more inclusive participation, reveals GlobalData

Asia-Pacific (APAC) is experiencing a surge in tokenization projects, particularly in the real estate sector, bringing a significant change in the market. By leveraging blockchain technology to tokenize properties, companies are streamlining the buying and selling process and expanding investment opportunities. This innovative approach is breaking down traditional barriers and making real estate investment more […]
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Health-conscious consumerism drives industry support for new alcohol labeling in Australia and New Zealand, says GlobalData

In a significant development for the alcohol industry, the Food Standards Australia New Zealand (FSANZ) is making progress towards introducing new labeling standards for alcoholic beverages in Australia and New Zealand by gaining industry support for the proposals. The support comes in the wake of growing health-conscious consumerism, as 71% of consumers in Australia say […]
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China to spearhead global ABS capacity additions through 2028, says GlobalData

China is likely to witness most of the acrylonitrile butadiene styrene (ABS) capacity additions globally by 2028, contributing about 95% of the total capacity additions from 13 upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Acrylonitrile Butadiene Styrene (ABS) Industry Outlook by Capacity and Capital Expenditure Forecasts with Details of […]
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Radiopharmaceuticals for prostate cancer to go nuclear with $6.3 billion in sales by 2030, forecasts GlobalData

Radioligand therapies (RLTs) have received prominent attention from major pharmaceutical companies in treating prostate cancer. Bayer’s Xofigo (radium-223 dichloride) demonstrated the proof-of-concept with its FDA approval for castration-resistant prostate cancer (CRPC). Interest in RLTs has since peaked, with Novartis acquiring developer Advanced Accelerator Applications and the highly effective Pluvicto (lutetium [177Lu] vipivotide tetraxetan), targeting prostate-specific […]
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Retrieval-augmented generation gaining prominence in company discussions around GenAI, finds GlobalData

Retrieval-augmented generation (RAG) is becoming a critical focus in company discussions about generative AI (GenAI), as organizations look to leverage real-time external data to contextualize and refine the accuracy of generated responses. Companies are focused on utilizing this technology to enhance user experience that allows customers to integrate the real-time proprietary data sources with general-purpose […]
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Alternative payment methods surge in popularity for online purchases in Philippines, reveals GlobalData

While cash remains the preferred payment method for online purchases in the Philippines, alternative payments are increasingly being preferred. Alternative payment solutions collectively accounted for over one-third share in the overall e-commerce payments in 2023, reveals GlobalData, a leading data and analytics company. According to GlobalData’s 2023 Financial Services Consumer Survey*, 88.2% Filipino consumers reported […]
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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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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