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The Philippines e-commerce market is growing at a fast pace and is expected to surge by 19.6% in 2024, driven by growing consumer preference for online shopping and strong internet penetration, finds GlobalData, a leading data and analytics company. GlobalData’s E-Commerce Analytics reveals that Philippine e-commerce market registered a compound annual growth rate (CAGR) of […]
Total prevalent cases of osteoporosis to surpass 58.05 million in 7MM in 2033, forecasts GlobalData
The total prevalent cases of osteoporosis in the seven major markets (7MM*) are projected to increase from 51.17 million in 2023 to 58.05 million in 2033, with an annual growth rate (AGR) of 1.34%, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Osteoporosis – Epidemiology Analysis and Forecast to 2033,” reveals that […]
Top 25 banks’ topline growth surges in 2023 despite global economic uncertainty, says GlobalData
Despite facing inflationary challenges and operating in a high interest rate environment, most leading global banks performed exceptionally well last year. The top 25 global banks* experienced year-on-year (YoY) top-line growth of 33.3% and a 5.1% increase in total assets in 2023, finds GlobalData, a leading data and analytics company. Most of the top 25 […]
AI-powered diagnostics in digital healthcare transforming patient safety, says GlobalData
The introduction of artificial intelligence (AI)-powered diagnostic tools demonstrates the medical industry’s shift towards precision medicine approaches. These tools enable a more personalized approach to healthcare by analyzing biological and clinical data using advanced algorithms that account for individual patient characteristics, biomarkers, and disease profiles. Precision medicine exemplifies a larger trend of tailoring therapeutic interventions […]
Startups challenging incumbents in AI accelerator chips, reveals GlobalData’s Technology Foresights
Among the several innovations announced at Google I/O 2024, a key highlight was the release of the sixth-generation tensor processing unit (TPU) named Trillium. With its high energy efficiency and significantly higher peak compute performance, the new chip heightens the competitiveness in the AI accelerator market. The technology is witnessing robust growth driven by the […]
Medical manufacturers begin to see positive outcomes from reshoring, says GlobalData
Since 2020, global supply chains have encountered significant disruptions driven by geopolitical conflicts, armed conflicts, climate change, and shifting demographics. These issues have been especially pronounced in the medical devices sector, where the need for resilient supply chains is crucial. The COVID-19 pandemic exposed the vulnerabilities in this sector, causing severe shortages of essential medical […]
GE Healthcare and Medis partnership will transform non-invasive cardiovascular diagnostics, says GlobalData
GE HealthCare and Medis Medical Imaging have recently announced a partnership to enhance non-invasive coronary assessments. The partnership represents a significant leap forward in the field of cardiovascular diagnostics. It highlights the potential of integrating imaging and software technologies in transforming cardiovascular diagnostics, according to GlobalData, a leading data nd analytics company. GlobalData forecasts the […]
Spain general insurance industry to surpass $60 billion by 2028, forecasts GlobalData
Spain’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.3% from EUR45.7 billion ($48.5 billion) in 2024 to EUR56.6 billion ($60.4 billion) in 2028, in terms of gross written premiums (GWP), forecasts GlobalData, a leading data and analytics company. According to GlobalData’s Insurance Database, Spain’s general insurance industry […]
UOB poised to capitalize on ASEAN’s booming mass affluent segment, says GlobalData
More than ever before, banks worldwide have the opportunity to tap into the lucrative Association of Southeast Asian Nations (ASEAN) mass affluent market. Banks such as HSBC, DBS, and United Overseas Bank (UOB) have been leading the way with their premium services. UOB’s focus to build upon its mass affluent clientele looks to be working […]
Influencers expect Microsoft Copilot+ PCs to pave way for AI-driven computing era, reveals GlobalData
Following Microsoft’s unveiling of Copilot+ PCs, the company has gained prominence among influencers, sparking extensive discussions on social media platform “X”. Influencers believe this technological breakthrough heralds a significant paradigm shift in the monetization opportunities available to developers and the streamlining of their workflows. Notably, the seamless integration of Copilot with Qualcomm’s Snapdragon X series […]
Startups fight digital deception with deepfake detection tools, finds GlobalData
OpenAI has recently introduced a deepfake detector designed specifically to identify content produced by its image generator, DALL-E. Initially, the tool will be provided to a select group of disinformation researchers for real-world testing. In the dynamic field of cybersecurity, transformative technologies like AI-driven deepfake detection, real-time monitoring, and advanced data analytics are revolutionizing digital […]
Early UK general election may prove to be a blessing for Govtech supply community, says GlobalData
The unexpected announcement of a UK general election on 4 July 2024 by Prime Minister Rishi Sunak may invigorate the Govtech supply sector. Despite a sluggish start to 2024 in public sector ICT procurements, this development offers renewed prospects for technology providers, potentially revitalizing digital transformation projects and boosting opportunities in the latter half of […]
Innovent Biologics mazdutide can pave way for transformative T2D treatment, says GlobalData
Innovent Biologics Inc has recently unveiled promising Phase III (DREAMS-2) results for mazdutide, indicating superiority over dulaglutide in glycaemic control for type 2 diabetes (T2D) patients in China. With its potential to revolutionize T2D treatment, mazdutide’s success could not only reshape the landscape of diabetes therapeutics in China but also underscores the growing demand for […]
Retailers must focus on quality control and Gen Z to win in secondhand market, says GlobalData
Consumers are increasingly turning to purchasing secondhand items, mainly driven by a desire to save money, with 72.6% of consumers citing this as a driver in a survey*. This, coupled with a period of high inflation has driven rapid growth in the secondhand market, creating increased competition for secondhand players and a need for retailers […]
LEO satellites drive industry innovation through strategic collaborations, notes GlobalData
Elon Musk’s SpaceX has just rolled out Starlink Internet services in Indonesia, marking a significant milestone for global connectivity and investment opportunities. This highlights the role of low earth orbit (LEO) satellites in enhancing worldwide communication and driving economic growth. International collaborations aimed at bolstering low-latency data relay services tap into pooled expertise and resources, […]
2024 Indian Premier League to generate $99.31 million in sponsorship revenue, says GlobalData
The Indian Premier League (IPL) is the most popular cricket franchise league in the world. The 2024 IPL’s top sponsorship is the tournament’s five-year deal with Tata Group, worth an estimated $60.15 million annually. The deal is almost four times higher than the next highest deal and sees the brand serve as the IPL’s title […]
China defies global trend to raise $16.5 billion VC funding during January-April 2024, finds GlobalData
Funding value up despite decline in volume US and UK register decline in funding value Big-ticket deals drive overall funding value in China China’s venture capital (VC) landscape witnessed a nuanced trend during January-April 2024, with a slight decline of 8.6% in deal volume compared to the previous year, contrasted by a notable 35.4% increase […]
China renal denervation catheters market to grow at 9% CAGR through 2033, forecasts GlobalData
The prevalence of hypertension has been rising continuously in China, making it a significant health concern. To address this challenge, treatments such as renal denervation systems are emerging as potential solutions, particularly for patients with resistant hypertension. Against this background, the renal denervation catheters market in China is expected to grow at a compound annual […]
Hypersonic interceptor to help Japan to deter future aerial threats, says GlobalData
Amid the ongoing dispute over the Senkaku Islands with a formidable China and growing nuclear-tipped missile deployments by North Korea, Japan is currently collaborating with the US to develop a new hypersonic interceptor that will help the country defend its assets against missiles and other aerial threats. As part of this effort, Japan has earmarked […]
China to spearhead global butadiene capacity additions through 2028, says GlobalData
China is likely to register the highest butadiene capacity additions globally by 2028, contributing about 41% of the total capacity additions from 15 upcoming projects, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Butadiene Industry Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants to 2028” reveals that […]