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The FDA approval of Medtronic‘s closed-loop spinal cord stimulation (SCS) device “Inceptiv” marks a significant milestone in the SCS market. Medtronic’s entry into closed-loop technology presents opportunities for market expansion, which was worth $2.2 billion in 2023 and is expected to reach $4.3 billion in 2033, according to GlobalData, a leading data and analytics company. […]
Geopolitical risks, AI and cybersecurity trending topics during Q1 2024, finds GlobalData Company Filings Analytics report
Packaging, foodservice and construction business sentiment improved Malaysia, Switzerland, Norway, Japan, Singapore showed improvement AI and cybersecurity witness high growth in mentions Global business sentiment during the first quarter (Q1) of 2024 witnessed a 2% decline, as per a thorough analysis of annual and quarterly reports, alongside earnings call transcripts. Market and supply chain risks […]
Rising image consciousness among consumers draws international celebrity beauty brands to India, says GlobalData
The omnipresence of social media is driving consumers to be increasingly image-conscious, embracing the so-called digital narcissism popularized by celebrities and influencers on platforms such as X, Facebook, and Instagram. In a recent GlobalData survey, 31% of Indian respondents stated that social media is an essential influencer of a purchase decision*. As such, the Indian […]
APAC’s appeal endures despite 9.3% YoY fall in deal activity during January-April 2024, finds GlobalData
A total of 4,478 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during January to April 2024, a decline of 9.3% compared to the announcement of 4,935 deals during the same period in 2023. Nevertheless, APAC experienced the lowest downturn among all regions, showcasing its […]
Netherlands card payments market to reach $288 billion in 2028, forecasts GlobalData
The Netherlands card payments market is forecast to grow at a compound annual growth rate (CAGR) of 6.3% between 2024 and 2028 to reach EUR266 billion ($287.6 billion) in 2028, supported by the constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics reveals that card […]
China motor insurance industry to surpass $158 billion by 2028, forecasts GlobalData
The Chinese motor insurance industry is set to grow at a compound annual growth rate (CAGR) of 5.4% from CNY912.2 billion ($127.4 billion) in 2024 to CNY1,125.7 billion ($158.9 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 Chinese motor […]
Global deal activity down by 19.5% YoY during January-April 2024, reveals GlobalData
A total of 15,561 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced globally during January-April 2024. This is a year-on-year (YoY) decline of 19.5% compared to the 19,321 deals announced during January-April 2023, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database shows that […]
US telcos struggle to differentiate themselves in the indirect B2B channel, finds GlobalData
The US telcos are facing hurdles in differentiating themselves within the indirect B2B channel, according to recent findings. While recognizing the value of third-party partnerships in enterprise business, telcos struggle to set themselves apart in their propositions. Despite efforts to maximize market reach through reseller and partner programs, challenges persist in differentiation and perception, impacting […]
Travel and tourism sector deal activity down by 13.5% YoY in January-April 2024, finds GlobalData
Travel and tourism sector witnessed the announcement of 217 deals (mergers and acquisitions (M&A), private equity and venture financing deals) during January-April 2024 compared to the announcement of 251 deals during the same period in previous year. This represents a year-on-year (YoY) decline of 13.5% in deals volume during January-April 2024, according to GlobalData, a […]
Consumer inclination to balance convenience with sustainability fuels packaging innovations in Vietnam, says GlobalData
The return to normalcy after the COVID-19 pandemic also brings back long commutes and hectic workdays for consumers, who increasingly seek food & drinks in convenient and easy to use formats. Furthermore, growing eco-conscious consumerism is spurring opportunities for brands to use innovative packaging, says GlobalData, a leading data and analytics company. Meenakshi Haran, Lead […]
Crypto hiring thrives in Q1 2024, but April slump highlights volatility and regulatory concerns, says GlobalData
Cryptocurrency-related hiring activity remained strong in the first quarter (Q1) of 2024 and registered quarter-on-quarter (QoQ) growth as companies such as Coinbase Global and Binance Holdings posted significant number of jobs. Yet, April saw a slowdown, indicating challenges amid market volatility and regulatory uncertainties, reveals the Job Analytics Database of GlobalData, a leading data and […]
Biopharmaceutical mega M&A deals surge by 71% YoY during Q1 2024, reveals GlobalData
Mergers and acquisitions (M&As) in the biopharmaceutical industry have rebounded with a $76.9 billion increase in total deal value seen from 2022 to 2023. In Q1 2024 alone, biopharmaceutical M&A reached a total deal value of $43.5 billion, with a 71% year-on-year (YoY) increase of mega deals that were valued at $1 billion or more […]
Voice AI, next frontier in ambient computing, says GlobalData
As enterprises actively deploy voice AI to enhance user experiences and efficiency, the demand for the technology continues to soar, complimented by startup innovations. With the proliferation of smart devices with voice-enabled features across sectors such as automotive, healthcare, and foodservice, voice AI is fundamental in reshaping the human-machine interactions within the ambient computing ecosystem, […]
Chips industry may not be fit for purpose by 2030, says GlobalData
Next-generation chips represent the next frontier of semiconductor technology, incorporating advancements in design, materials, manufacturing process, performance, and packaging. As computing tasks become more demanding and data-intensive, next-generation chips promise faster speeds and better energy efficiency. However, the chips industry faces significant technological, supply chain, and geopolitical challenges, which will only intensify over the next […]
India general insurance industry to reach $57.3 billion by 2028, forecasts GlobalData
India’s general insurance industry is set to grow at a compound annual growth rate (CAGR) of 9.9% from INR3.35 trillion ($40.36 billion) in 2024 to INR4.89 trillion ($57.3 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 general insurance industry […]
Payment cards continue to dominate Taiwan e-commerce market, reveals GlobalData
Payment cards remain the preferred payment method for online purchases in Taiwan (Province of China), collectively accounting for 53.6% share in total e-commerce payments in 2023, finds GlobalData, a leading data and analytics company. According to GlobalData’s 2023 Financial Services Consumer Survey*, around 94% Taiwanese consumers reported having shopped online in the past six months, […]
Malaysia general insurance industry to reach $6.8 billion by 2028, forecasts GlobalData
The Malaysian general insurance industry is set to grow at a compound annual growth rate (CAGR) of 7.8% from MYR22.6 billion ($5.0 billion) in 2024 to MYR30.5 billion ($6.8 billion) in 2028, in terms of direct written premiums (DWP), forecasts GlobalData, a leading data and analytics company. GlobalData’s Insurance Database reveals that the general insurance […]
Consumer goods companies need to understand overall requirements of AI applications to avoid failure, says GlobalData
Artificial Intelligence (AI) refers to software-based systems that use data inputs to make decisions on their own or that help users make decisions. Generative AI refers to AI creating content in any shape or format, from writing original text to designing new structures and products. These technologies have developed rapidly over the last 18 months […]
Anticipation builds as Insmed bronchiectasis therapy brensocatib nears Phase III completion, observes GlobalData
Insmed is in the spotlight over the past few years for its pipeline agent, brensocatib, which has previously shown promising Phase II results, generating anticipation within the medical community ahead of their Phase III results for the treatment of bronchiectasis. The positive outcomes could pave the way for regulatory approval, potentially transforming the therapeutic landscape […]
Coinbase dominates Reddit discussions amongst top crypto trading platforms during Q1 2024, reveals GlobalData
As the cryptocurrency market once again experiences volatility post a strong Q1 2024 surge, investors face fresh uncertainty. The recent price dip raises doubts about the sustainability of the rebound, emphasizing the persistent volatility of digital assets. Consequently, market participants navigate uncertain terrain, recognizing the inherent risks at play. Against this backdrop, Coinbase Global Inc […]