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The enterprise ICT market in the Philippines is projected to grow at a compound annual growth rate (CAGR) of 10.9%, mainly led by IT services, more specifically cloud computing and BPO service segments, forecasts GlobalData, a leading data and analytics company. GlobalData’s Philippines Enterprise ICT Country Intelligence Report shows that the ICT market size in […]
Virtual reality revolutionizes training and operations in oil and gas industry, reveals GlobalData
Virtual reality (VR) primarily has applications around training across the oil and gas value chain, i.e., from rigs and pipelines to refineries. Industry leaders such as Shell, and ExxonMobil are using VR simulations to train their employees in critical operations. This provides a highly safe and cost-efficient approach to introduce personnel to a new facility […]
Growing consumer inclination for rapid delivery services drives quick commerce expansion in India, says GlobalData
The rapid rise of quick commerce in India is reshaping the retail landscape, with urban populations progressively seeking fast delivery services for daily necessities. The food collection take-away segment in India is projected to register a compound annual growth rate (CAGR) of over 7.7% during 2023–28^. As consumers increasingly rely on instant access and time-saving […]
AbbVie’s tavapadon holds potential to become prominent treatment in dopamine agonist market, says GlobalData
AbbVie recently announced positive topline results from its pivotal Phase III TEMPO-2 trial evaluating investigational tavapadon as a flexible-dose monotherapy in early Parkinson’s disease (PD). Tavapadon, the first and only D1/D5 partial agonist in the dopamine agonist class, is under investigation as a once-daily treatment for PD. The trial met both its primary and secondary […]
Humanoid robotics transform industries with human-like dexterity and intelligence, says GlobalData
Humanoid robotics technologies are set to transform industries by offering advanced dexterity, precision, and human-like capabilities. These developments promise to automate complex tasks, address labor shortages, and enhance operational efficiency across industries such as healthcare, manufacturing, logistics, and service industries, says GlobalData, a leading data and analytics company. Saurabh Daga, Project Manager of Disruptive Tech […]
Technological advancements to continue to drive surge in mobile sports betting, says GlobalData
With the proliferation of smartphones and tablets, customers can now take sports bets at any time from anywhere. As mobile technology continues to advance and more customers engage in mobile betting, the surge in mobile sports betting is expected to continue, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Sports Betting – […]
Telecom and pay-TV services revenue in New Zealand to grow at 1.5% over 2024-2029, forecasts GlobalData
The total telecom and pay-TV services revenue in New Zealand is expected to see a marginal yet consistent increase from $3.2 billion in 2024 to $3.4 billion in 2029, a compound annual growth rate (CAGR) of 1.5%. This will be supported by revenue growth in the mobile data, fixed voice and fixed broadband segments, says […]
Surge in tunneling and anchoring patents highlights technological innovations in mining, reveals GlobalData
The mining industry is embracing advanced tunneling and anchoring machines, with patent filings surging from 754 in 2022 to 1,266 in 2023. These innovations are revolutionizing excavation processes by enhancing efficiency, safety, and adaptability to diverse geological conditions, driving productivity and sustainability while addressing the sector’s evolving operational challenges, according to GlobalData, a leading data […]
Japanese beauty brands leverage intelligent packaging to combat counterfeiting, says GlobalData
By 2028, it is expected that 21% of Japan’s cosmetics and toiletries (C&T) market will be driven by online shopping^, underscoring the necessity for improved consumer protection measures in the online purchasing of these items. C&T manufacturers stand to benefit significantly by investing in innovative packaging technologies, such as blockchain and data tracking to check […]
First blood-stage vaccine shows promise for rising malaria cases, says GlobalData
A recent study carried out by researchers in Burkina Faso and the UK, and published in The Lancet Infectious Diseases, has shown that the first blood-stage malaria vaccine, RH5.1/Matrix-M, is safe, effective, and highly immunogenic. This double-blind, randomized, controlled, phase 2b trial, which analyzed 361 children between the ages of 5 and 17 months, shows […]
Alcohol avoidance trend set to continue in UK through festive season, says Globaldata
The demand for low- and no-alcohol drinks is on the rise as consumers increasingly seek healthier alternatives and choose sobriety to better enjoy their social moments. The increase in demand for these beverages during the Christmas season is particularly noteworthy, as it highlights the growing acceptance in a time when drinking is considered part of […]
APAC deal activity down 3.6% during January-November 2024, reveals GlobalData
A total of 13,111 deals (mergers & acquisitions (M&A), private equity and venture financing) were announced in the Asia-Pacific (APAC) region during January-November 2024 period, which represents a decline of 3.6% compared to the 13,601 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead […]
Race to deliver food in minutes heats up in India, says GlobalData
The Indian food delivery industry is witnessing fierce competition as demand for ultra-fast services surges. In a bold move, Zomato-owned Blinkit has launched “Bistro,” a quick food delivery platform promising snacks and meals within 10 minutes, challenging players like Swiggy Bolt, Zepto Café, and Swish. This rapid growth is driven by the country’s fast-paced urban […]
Travel and tourism sector deal activity down by 5.9% YoY during January-November 2024, finds GlobalData
A total of 649 deals (mergers and acquisitions (M&A), private equity and venture financing) were announced in the travel and tourism sector during January-November 2024, which represents a year-on-year (YoY) decline of 5.9% compared to the 690 deals announced during the same period in 2023, reveals GlobalData, a leading data and analytics company. GlobalData’s Deals […]
APAC xEV systems market to grow at 9.1% CAGR over 2024-29, forecasts GlobalData
The electric vehicle (EV) market in the Asia-Pacific (APAC) region is experiencing rapid growth, with governments playing a pivotal role in driving the adoption of EVs through supportive policies and incentives. So, as the demand for EVs is rising, the market for xEV systems such as battery management systems, thermal management systems, battery covers, and […]
Celltrion leads biosimilars deals landscape in South Korea, finds GlobalData
South Korea has emerged as a global leader in the biopharmaceutical industry, driven by its advanced clinical research infrastructure and government support. Key companies like Celltrion and Samsung Bioepis dominate the biosimilars market, contributing significantly to the approvals and pipelines. Celltrion’s strong presence in deal-making further underscores South Korea’s growing influence in the global biosimilars […]
Global deal activity down by 8.7% YoY during January-November 2024, finds GlobalData
A total of 45,921 deals (comprising mergers & acquisitions (M&A), private equity and venture financing) were announced globally during January to November 2024. Meanwhile, the total volume for these deals declined by 8.7% year-on-year (YoY) over the 50,308 deals announced during the same period in 2023, reveals GlobalData, a leading data and analytics company. An […]
DREAM-HF trial results highlight Mesoblast’s potential to differentiate in HF space, says GlobalData
Mesoblast recently announced positive Phase III trial results in the European Journal of heart failure. The use of Revascor (rexlemestrocel-L) improved survival and reduced major morbidity in high-risk patients with ischemic heart failure (HF) and inflammation. This study could be of high clinical value to cardiologists who are seeking an optimal treatment of choice for […]
Lilly’s GBP279 million investment set to boost UK life sciences sector, reveals GlobalData
Eli Lilly and Co (Lilly) has recently announced a GBP279 million ($365.5 million) investment in the UK at the International Investment Summit in London. The initiative is set to accelerate early-stage ventures and spearhead advancements in obesity treatments, invigorating the UK life sciences sector, says GlobalData, a leading data and analytics company. A key element […]
12-month diagnosed prevalent cases of severe asthma across 8MM to reach 1.89 million in 2033, forecasts GlobalData
The 12-month diagnosed prevalent cases of severe asthma in the eight major markets (8MM*) are projected to increase at an annual growth rate (AGR) of 0.49% from 1.81 million in 2023 to 1.89 million in 2033, forecasts GlobalData, a leading data and analytics company. The lifetime diagnosed prevalent cases of severe asthma are also projected […]