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The 2024 Giro d’Italia was the 107th edition of the Giro d’Italia, a three-week Grand Tour cycling stage race. It was sponsored by 65 brands, with Enel holding the largest sponsorship deal, which saw the energy company sponsor the race leader’s pink jersey, the iconic Maglia Rosa. The following three largest sponsors in terms of […]
OpenAI acquisition of Rockset to enhance AI capabilities evokes optimism among X influencers, finds GlobalData
OpenAI, an artificial intelligence (AI) research lab backed by Microsoft, has acquired Rockset, a company that specialises in real-time analytics databases, for almost US$200 million. The acquisition has drawn attention and various reactions from influencers on social media platform “X”, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company. Smitarani […]
Fixed communication services revenue in Japan to remain stagnant over 2023-28 period, forecasts GlobalData
The total fixed communication services revenue in Japan is expected to grow at a low compound annual growth rate (CAGR) of 0.4% from $27.9 billion in 2023 to $28.5 billion in 2028, in line with continued decline in fixed voice service revenues and slow growth in fixed broadband service revenues, forecasts GlobalData, a leading data […]
Demand for new energy vehicles to drive growth in Chinese motor insurance market, says GlobalData
The Chinese motor insurance market is set to grow at a compound annual growth rate (CAGR) of 5.4% from CNY912.2 billion ($127.4 billion) in 2024 to CNY1.1 trillion ($158.9 billion) in 2028, driven by rising vehicle sales and the growing popularity of new energy vehicles (NEV), forecasts GlobalData, a leading data and analytics company. GlobalData’s […]
Oncology tests market in Japan to reach $30 million through 2033, forecasts GlobalData
Cancer continues to be a major public health issue in Japan. This high incidence is attributed to specific dietary habits and increased cigarette smoking. Against this background, the oncology tests market in Japan is expected to reach $30 million through 2033, forecasts GlobalData, a leading data and analytics company. GlobalData’s research reveals that Japan’s oncology […]
Malaysia SVoD household penetration to reach 43% in 2028, forecasts GlobalData
The household penetration of subscription video on demand (SVoD) services in Malaysia is expected to increase from 26% in 2023 to 43% in 2028, driven by the increasing consumer preference towards OTT platforms as broadband services continue to improve in the country, forecasts GlobalData, a leading data and analytics company. GlobalData’s Malaysia Subscription Video on […]
Bayer’s BAY2927088 to face intense competition in EGFR-mutant but limited competition in HER2-exon 20 mutant NSCLC market in China, says GlobalData
Bayer AG’s BAY2927088 recently received the Breakthrough Therapy designation from the Center for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA) in China. Following approval, BAY2927088 is expected to face intense competition in the epidermal growth factor receptor (EGFR)-mutant non-small cell lung cancer (NSCLC) but limited competition in the human epidermal growth factor […]
China to dominate global ethylene capacity additions by 2030, says GlobalData
China is set to drive global ethylene capacity additions, occupying a share of 35% by 2030, as both demand and supply of ethylene are expected to grow in the country, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Ethylene Market Analysis and Forecast by Products, Capacity Additions, Top Countries and Active […]
Mental wellbeing top concern for nearly three quarters of consumers globally, urging insurers to prioritize mental health support, says GlobalData
Concerning levels of mental wellbeing have been identified among selected countries, underscoring the need for intervention and attention in this critical area. This emphasizes the role of insurers and employers in addressing these concerns to enhance overall consumer wellbeing. Nearly three quarters of consumers globally see mental wellbeing as their top concern, according to a […]
World Scleroderma Day: New treatments in development hold promise for patients, says GlobalData
World Scleroderma Day occurs every year on June 29, and the goal is to raise awareness about the disease, symptoms, and treatments. Scleroderma is a rare, progressive, and chronic autoimmune connective tissue disorder that causes excess collagen accumulation. The course of the disease can vary from individual to individual, ranging from minor nuisance symptoms to […]
Vertex could solidify dominance in cystic fibrosis market with vanza triple approval, says GlobalData
With the submission of regulatory marketing applications for its once-daily vanzacaftor triple, also known as the vanza triple program (vanzacaftor/tezacaftor/deutivacaftor) with the European Medicines Agency (EMA) and the US FDA, Vertex Pharmaceuticals is expected to hold its lead in the development of therapies for the treatment of cystic fibrosis (CF). Approval and success of vanza […]
Multiplay service revenue in Singapore to grow at 3.9% CAGR over 2023-2028, forecasts GlobalData
Multiplay service revenue in Singapore is expected to grow at a compound annual growth rate (CAGR) of 3.9% from $1.1 billion in 2023 to $1.3 billion in 2028, in line with growth in the average monthly multiplay household spending and continued rise in the number of multiplay households on the back of improving fixed network […]
UK startups raise $6.8 billion in VC funding during January-May 2024, finds GlobalData
The UK startups witnessed the announcement of a total of 497 venture capital (VC) deals during the first five months of 2024, while the disclosed funding value of these deals stood at $6.8 billion. This represents a 1.6% year-on-year (YoY) growth in VC funding value during January-May 2024, despite the deal volume registering a YoY […]
Prachand LCH procurement to propel India’s quest for indigenization of defense manufacturing, says GlobalData
The Indian Ministry of Defence (MoD) issued a Request for Proposal (RFP) to Hindustan Aeronautics Limited (HAL) for the acquisition of 156 Prachand Light Combat Helicopters (LCH), which will cost the country’s exchequer about $5.4 billion. This procurement holds paramount importance in India’s quest for self-reliance in defense manufacturing and is expected to boost the […]
Credit and charge card payments in Hong Kong to surpass HDK1 trillion in 2024, forecasts GlobalData
The Hong Kong (China SAR) credit and charge card market is set to grow by 15.6% to reach HKD1.02 trillion ($130.6 billion) in 2024, supported by rising consumer spending. With a strong payment infrastructure and burgeoning e-Commerce landscape, credit and charge cards are becoming increasingly favored among the Hong Kong consumers. This trajectory signifies a […]
Tesla dominates Reddit discussions on US electric vehicle industry during H1 2024, reveals GlobalData
The US electric vehicle (EV) industry is fervently discussed on Reddit during the first half (H1) of 2024 (01 January – 18 June), with dialogues spanning from the impacts of tariffs on EV prices to strategic moves by leading companies, influencing public perception and market dynamics within the sector. Against this backdrop, Tesla Inc has […]
Mobile service revenue in Malaysia to increase at 3.2% CAGR over 2023-2028, forecasts GlobalData
The total mobile service revenue in Malaysia is poised to increase at a compound annual growth rate (CAGR) of 3.2% from $5.2 billion in 2023 to $6.1 billion in 2028, supported by growth in mobile data service revenues, according to GlobalData, a leading data and analytics company. GlobalData’s latest Malaysia Mobile Broadband Forecast (Q1 2024) […]
US startups raise over $50 billion VC funding during Jan-May 2024 despite decline in deal volume, reveals GlobalData
The US startups secured $52.6 billion venture capital (VC) funding through 1,985 deals in the first five months of 2024. Despite a significant year-on-year (YoY) decline in deal volume, the funding value dropped only slightly, highlighting a trend of larger investments in fewer deals. Notably, May saw a surge with four billion-dollar deals, emphasizing cautious […]
UK election manifestos unlikely to alter demand for private medical insurance, says GlobalData
Following the news that the Conservative Party and Labour, among other political parties, are putting the NHS at the heart of their manifestos ahead of the upcoming UK general election; Beatriz Benito, Lead Insurance Analyst at GlobalData, a leading data and analytics company, offers her view: “The demand for private medical insurance (PMI) will not […]
MQ-4C Triton to improve Australia’s maritime surveillance capabilities and facilitate long-range targeting, says GlobalData
Australia recently received its first MQ-4C Triton from the US, marking a significant achievement in stepping up the Royal Australian Air Force’s (RAAF) maritime surveillance and intelligence-gathering capabilities in the tense Indo-Pacific region. This high-altitude long endurance (HALE)-category UAV would enable RAAF to achieve increased situational awareness over larger areas of Australia’s maritime borders and […]