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With the recent 25% tariffs imposed on goods imported from Mexico and Canada, the cost of vehicle repairs is expected to rise in the US, placing additional pressure on insurers to increase car insurance premiums, which are already among the highest globally, according to GlobalData, a leading data and analytics company. GlobalData’s 2024 Emerging Trends […]
Taiwan e-commerce market to grow by 7.9% in 2025, forecasts GlobalData
Taiwan’s e-commerce market is forecast to grow by 7.9% in 2025, continuing its fast-paced growth driven by the ongoing shift of consumer preferences from offline to online shopping, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “Taiwan Cards and Payments – Opportunities and Risks to 2028,” reveals that the e-commerce transaction […]
Fiber to drive Japan fixed communication services market to over $26 billion in 2029, forecasts GlobalData
Fixed communication services revenue in Japan is expected to grow marginally from $25.4 billion in 2024 to $26.6 billion in 2029, maintaining a sluggish CAGR of 0.9%. The decline in fixed voice services will continue, while broadband growth remains moderate, driven by increasing fiber adoption but offset by falling cable and xDSL subscriptions, says GlobalData, […]
Malaysia card payments market to surpass $90 billion in 2025 driven by digital shift, forecasts GlobalData
The card payment market in Malaysia is poised for strong growth, projected to reach MYR422.4 billion ($92.6 billion) in 2025, driven by increasing consumer spending and the growing shift towards digital payments. This growth is supported by government initiatives, expanding POS infrastructure, and rising consumer adoption of contactless and credit card payments, positioning the market […]
Global console gaming market to hit $79 billion in 2030, forecasts GlobalData
The global console gaming market continues to grow, with a forecasted revenue increase from $52 billion in 2023 to $79 billion in 2030. As technology evolves, key companies like Sony, Microsoft, and Nintendo are driving innovation through artificial intelligence (AI), cross-platform play, and hybrid devices. However, emerging trends like cloud gaming and remastered titles are […]
Diagnosed prevalent cases of prostate cancer across 8MM to reach 4.24 million in 2033, forecasts GlobalData
The burden of five-year diagnosed prevalent cases of prostate cancer is expected to increase at an annual growth rate (AGR) of 3.10% from around 3.23 million in 2023 to 4.24 million in 2033 across the eight major markets (8MM*), forecasts GlobalData, a leading data and analytics company. GlobalData’s latest report, “Prostate Cancer: Epidemiology Forecast to […]
World Obesity Day: GlobalData highlights need to tackle stigma and raise awareness on obesity’s growing impact
Every year 04 March is observed as World Obesity Day to challenge stigma and misconceptions surrounding obesity. The day aims to raise public awareness about the condition, which affects over 200 million people in the seven major markets (7MM*). Despite advancements in treatment, many face challenges such as limited access to care, making awareness and […]
Trump’s policies to hinder economic growth prospects of Mexico, foresees GlobalData
Mexico is grappling with rising risks stemming from strained relations with the US during President Donald Trump’s second term. Trump’s “America First” policies, including a proposed 25% tariff on Mexican goods, pose a significant threat to Mexico’s export sector and could disrupt North American supply chains. Weak domestic demand is also expected to further hinder […]
Influencers see Alexa+ as game-changer in personalized AI experiences, reveals GlobalData
Amazon’s unveiling of Alexa+, a generative AI-powered upgrade to its Alexa voice assistant, has ignited significant discussion among social media influencers in the last week of February 2025. The rollout, promising enhanced personalization, context awareness, and agentic actions, has been met with both excitement and reservations. Influencers see that the enhanced Alexa+ has the potential […]
Lerodalcibep could become key option for patients requiring additional LDL-C reduction beyond existing therapies, says GlobalData
LIB Therapeutics (LIB) recently announced that the FDA has accepted its Biologics License Application (BLA) for lerodalcibep, a novel therapy designed to lower low-density lipoprotein cholesterol (LDL-C) in patients with atherosclerotic cardiovascular disease (ASCVD) or those at high or very high risk of developing ASCVD. If approved, lerodalcibep could be a key treatment option for […]
5G to drive APAC mobile services market during 2024-2029, forecasts GlobalData
The total mobile communications services revenue in the Asia-Pacific (APAC) region is expected to increase at a compound annual growth rate (CAGR) of 2.8% from $301.7 billion in 2024 to $346.1 billion in 2029, driven by continued rise in mobile subscriptions, as operators continue to roll out and expand their 5G networks, reveals GlobalData, a […]
Nokia strategically invests in growth areas while divesting non-core assets, observes GlobalData
Following the news that Nokia has completed the acquisition of Infinera Corporation; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view: “After the acquisition of Fenix Group and Rapid’s technology assets in 2024, Nokia has now completed the acquisition of Infinera. Infinera’s acquisition will complement Nokia’s optical network and […]
Asia to dominate global CDU capacity additions through 2030, forecasts GlobalData
The global conventional refining industry is anticipated to expand considerably from 2025 to 2030, fueled by increasing energy demands from emerging markets and strategic investments in refining infrastructure. Consequently, the capacity additions of crude distillation units (CDUs) are accelerating globally, with Asia projected to lead these expansions across all regions through 2030, says GlobalData, a […]
Multiplay service revenue in China to maintain steady CAGR of 1.2% during 2024-2029, forecasts GlobalData
Multiplay service revenue in China is expected to grow at a steady compound annual growth rate (CAGR) of 1.2% from $179.8 billion in 2024 to $190.4 billion in 2029. This growth is driven by increasing adoption of tripleplay and quadplay service bundles. As more households subscribe to multiplay services, operators, particularly China Mobile, are focusing […]
Anthropic Claude 3.7 Sonnet: Influencers weigh in on AI impact on coding, reveals GlobalData
Anthropic, an American artificial intelligence (AI) public-benefit startup, has recently unveiled its first hybrid reasoning AI model “Claude 3.7 Sonnet,” along with its agentic coding tool “Claude Code.” The release has sparked significant buzz among social media influencers in late February 2025. Claude Code has garnered attention for its ability to automate and streamline complex […]
Amgen strategic hiring push in India: GlobalData insights on R&D growth and tech integration
Amgen is expanding its presence in India by ramping up hiring for its new technology and innovation center in Hyderabad. The company aims to strengthen its operations and R&D capabilities by recruiting tech professionals skilled in data analytics, AI, and digital health technologies. This investment highlights Amgen’s commitment to innovation and further solidifies Hyderabad as […]
Trump’s NIH funding cuts and freezes raise concerns over US biotech drug development and innovation, reveals GlobalData
The US President Donald Trump began his second term with a series of directives targeting the US National Institutes of Health (NIH), creating uncertainty around NIH grant funding for biopharmaceutical drug development. With over $1.4 billion in NIH Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants involving innovator drugs awarded between […]
Sionna Therapeutics’ NBD1 stabilizers hold potential to differentiate from Vertex’s existing therapies in cystic fibrosis, says GlobalData
Sionna Therapeutics has recently raised $191 million through its initial public offering (IPO), marking a step forward in its efforts to develop treatments for cystic fibrosis (CF). With Vertex Pharmaceuticals maintaining a dominant position in the CF treatment landscape through its CFTR modulator franchise, Sionna is looking to introduce its NBD1 stabilizers, SION-719 and SION-451, […]
Miami Dolphins and Hard Rock International lead high-value hotel sponsorships, reveals GlobalData
The partnership between the Miami Dolphins and Hard Rock Cafe International (Hard Rock International) stands as a prime example of high-value sponsorships in the travel and tourism sector. With an annual worth of $13.90 million, this 18-year deal combines stadium naming rights and team affiliations, reflecting the increasing significance of sports sponsorships in the hotel […]
IndiGo YouTube ads reflect seamless travel, workplace inclusivity and authentic experiences, reveals GlobalData
Interglobe Aviation Ltd’s (IndiGo) YouTube advertising campaign from November 2024 to January 2025 emphasize diverse destinations, employee well-being, and passenger-centric amenities to attract travelers and job seekers. IndiGo highlights authentic experiences, career growth, and innovative seating through scenic visuals, employee testimonials, and product demos. Emphasizing pilot mentorship, a supportive workplace, and seamless travel, it reinforces […]