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As consumers grow more environmentally conscious, they are recognizing hybrid vehicles as a practical and affordable alternative to internal combustion engine (ICE) cars and battery electric vehicles (BEVs). The Asia-Pacific (APAC) region, with China, Japan, and India at the forefront, leads the global market in the adoption of hybrid vehicles. Governmental efforts to promote zero-emission […]
APAC deal activity down by 9.9% YoY during January-July 2024, finds GlobalData
A total of 7,966 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during January-July 2024, which was a decline of 9.9% compared to the 8,840 deals announced during the same period in previous year, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, […]
Ransomware surge in 2024 demands coordinated global response, says GlobalData
Amid intensifying geopolitical tensions, ransomware attacks in 2024 are set to reach record levels, escalating the risks faced by companies worldwide. There is a shift toward more sophisticated extortion tactics, emphasizing the urgent need for coordinated global action and robust incident response strategies as organizations confront increasingly aggressive and persistent cyber threats, says GlobalData, a […]
China left atrial appendage closure devices market to grow at 5% CAGR through 2033, forecasts GlobalData
The increasing prevalence of atrial fibrillation (AFib) and growing awareness of stroke prevention are the key factors driving the demand for left atrial appendage (LAA) closure devices in China. In this context, China’s LAA closure devices market is projected to grow at a compound annual growth rate (CAGR) of around 5% through 2033, forecasts GlobalData, […]
GlobalData highlights market potential of smartwatches with sleep apnea technology
There are only a few weeks before the release of the Apple Watch Series 10, or Apple Watch X. A few rumors have indicated that the new watch will include features such as monitoring and alerting for signs of sleep apnea. As such, questions have arisen about whether the new smartwatch will start to take […]
Global travel and tourism sector deal activity down by 10.4% YoY during January-July 2024, finds GlobalData
A total of 415 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the travel and tourism sector during January to July 2024, which was a year-on-year (YoY) decline of 10.4% compared to the 463 deals announced during the same period in 2023, according to GlobalData, a leading data […]
Global deal activity down by 16.1% YoY during January-July 2024, finds GlobalData
A total of 28,277 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during January to July 2024. This represents a 16.1% year-on-year (YoY) decline in deal volume compared to the announcement of 33,686 deals during the same period in the previous year, according to GlobalData, a leading data […]
Dunelm set to consolidate gains in the UK homewares market in 2024, says GlobalData
Dunelm is set to continue making gains in the UK homewares market in 2024 as some consumers pivot away from retailers which are solely focused on price. Dunelm excelled throughout the cost-of-living crisis due to its wide price architecture that attracts a wide range of shoppers and allows them to trade up or down, and […]
Disruptive technologies set to revolutionize consumer goods value chain by 2035, reveals GlobalData
Disruptive technologies are set to revolutionize the consumer goods value chain from automated farms to robot-run shops over the next 10 years. As precision agriculture, plant-based proteins, and AI-driven retail evolve, industries will undergo profound transformations. These innovations, driven by the need for efficiency and sustainability, promise to reshape how we produce, consume, and interact […]
Gilead’s Livdelzi wins FDA approval, challenges Ocaliva dominance in primary biliary cholangitis market, says GlobalData
Gilead Sciences has recently announced the US FDA’s approval of seladelpar, its PPAR-δ agonist, under the brand name Livdelzi, for primary biliary cholangitis (PBC). This major turnaround for seladelpar, once a failed non-alcoholic steatohepatitis (NASH) asset, follows Gilead’s acquisition of the asset’s developer, Cymabay Therapeutics, earlier this year. The approval could present a major challenge […]
Mpox sparks surge in influencer discussions on X following WHO global health emergency declaration, reveals GlobalData
The re-emergence of monkeypox (mpox) has ignited critical discussions among the global health experts on social media platform X in the second week of August 2024, following the World Health Organization’s (WHO) classification of mpox as Public Health Emergency of International Concern. As the clade I variant, widespread in Africa, poses significant risks including severe […]
Japan general insurance industry to reach $93.9 billion by 2028, forecasts GlobalData
The Japanese general insurance industry is set to grow at a compound annual growth rate (CAGR) of 2.2% from JPY11.7 trillion ($81.1 billion) in 2024 to JPY12.7 trillion ($93.9 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 Japan general […]
Retailers that lack strong price messaging will lose out in the back to school race, says GlobalData
While inflation levels are decelerating, there is a continued focus on cutting costs among the parents shopping for back to school items in the UK; Zoe Mills, Lead Retail Analyst at GlobalData, a leading data and analytics company, offers her view on the back to school market: “The 2024 back to school retail winners will […]
South Africa general insurance industry to surpass $11 billion in 2028, forecasts GlobalData
The South African general insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.8% from ZAR181.5 billion ($9.8 billion) in 2024 to ZAR227.6 billion ($11.2 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 South […]
Nuclear fusion startups usher in next era of sustainable energy innovation, says GlobalData
Nuclear fusion technology is rapidly advancing, bringing us closer to a sustainable, limitless energy source. Startups are pioneering innovations like cold fusion, superconducting magnets, laser-ignited capsules, and projectile fusion, addressing the critical challenges of sustained reactions and scalable reactor designs. These breakthroughs mark a transformative moment in energy research, potentially revolutionizing global power generation and […]
Philippines life insurance industry to surpass $7 billion by 2028, forecasts GlobalData
The Philippine life insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 5.4% from PHP319.8 billion ($5.8 billion) in 2024 to PHP395 billion ($7.1 billion) in 2028, in terms of net written premiums (NWP), according to GlobalData, a leading data, and analytics company. According to GlobalData’s Insurance Database, the life […]
Stereotaxis GenesisX EU nod marks major shift in robotic-assisted surgery market, says GlobalData
The EU clearance of Stereotaxis’ endovascular robotic system “GenesisX” marks a significant advancement in the rapidly growing field of robotic-assisted surgery. As the global market for these systems is set to surge, driven by the need for precision in minimally invasive procedures, this highlights the industry’s shift towards innovative technologies that improve surgical outcomes and […]
Telcos should adopt pragmatic approach to verticalizing B2B sales by leveraging core horizontal strengths, says GlobalData
Most telecom companies operating in the enterprise market often alternate between verticalized and horizontal sales strategies. While verticalization aims to deepen sector-specific partnerships and boost B2B sales, it often leads to unrealistic expectations and strategic recalibration. To achieve sustainable growth, telcos should adopt a pragmatic approach, focusing on their core horizontal strengths—such as connectivity and […]
APAC automotive tyres and wheels market to expand at 1.7% CAGR over 2024-29, forecasts GlobalData
Due to the increasing number of vehicles produced, constant technological advancements and innovations, the market volume for tyres and wheels has grown significantly over the years. However, as the innovations made tyres sturdier and reduced the occurrence of flat tyre scenarios, the demand for spare wheels has decreased, negatively impacting the sector and lowering the […]
Barclays leads Wimbledon sponsorship surge as prize money and media value hit new highs, reveals GlobalData
The 2024 Wimbledon Championships saw record-breaking sponsorship and prize money, reflecting the event’s growing financial clout. Barclays’ significant $118.65 million deal highlighted the tournament’s evolving commercial landscape, while British Broadcasting Corp’s (BBC) media coverage underscored shifting viewer dynamics. Despite lower viewership due to competition with the UEFA final, Wimbledon’s commitment to equal prize money continues […]