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Italy’s new law blocking the award of new prospecting and exploratory permits for 18 months will have a significant effect on the future of Italy’s hydrocarbons industry. The exploration plans of some companies may be negatively affected, and these companies may decide to launch legal action, says GlobalData, a leading data and analytics company. Italy’s […]
Nightstar acquisition will catapult Biogen in global ophthalmology market, says GlobalData
Following the news on 4th March 2019 that US-based biotechnology company, Biogen, has agreed to acquire London-based clinical-stage gene therapy company, Nightstar Therapeutics, which is focused on adeno-associated virus treatments for inherited retinal disorders, for approximately $800m, Maura Musciacco, MSc, Neurology & Ophthalmology Director at GlobalData, offers her view: “Biogen continues its diversification strategy through […]
Revival of Angola’s upstream sector will take time
The Angolan government has introduced a series of reforms to the upstream sector over the past year in an attempt to mitigate the rapid decline of existing fields. However, the rebound of the deepwater sector in Africa’s second largest oil producer still needs time, says GlobalData, a leading data and analytics company. Since the crash […]
Exxon’s Cyprus gas discovery faces uphill battle in stranded sector
Following the recent news that ExxonMobil Corp has discovered a significant gas field offshore Cyprus via the Glaucus-1 exploration well, Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his insight on the potential of the discovery and the remaining challenges in the Cypriot upstream sector: “Glaucus marks […]
Global zinc production to reach 15.7Mt in 2022 to meet rising demand
Global zinc production is expected to grow at a compound annual growth rate (CAGR) of 3.8% between 2019 and 2022, to reach 15.7Mt in 2022, according to GlobalData, a leading data and analytics company. The company’s latest report: ‘Global Zinc Mining to 2022’ states that growth will be supported by production expansions and new mines […]
GlobalData announces its tech, media and telecoms predictions for 2019
Leading data and analytics company GlobalData has revealed its predictions for 2019 across the technology, media and telecoms (TMT) industry. The company’s latest thematic research report ‘TMT Predictions 2019’ identifies the top 30 themes impacting the TMT sector this year, offering a series of predictions and identifies the likely winners and losers for each theme. Among the major […]
Microgrid investment in blockchain to be the future of energy systems
Blockchain microgrids have become a pivotal theme in the rapidly developing energy sector and Amit Sharma, Power Analyst at GlobalData, a leading data and analytics company, offers his view on this development and what we can expect from blockchain microgrids in the future: “The global microgrid market size is estimated to grow at a compound annual […]
Construction in Peru set to reach US$36.6bn in 2023 as it gathers growth momentum
The Peruvian construction industry’s output value was estimated to be US$28.7bn in 2018. This is expected to grow to US$36.6bn in 2023 (measured at constant 2017 US dollar exchange rates), close to an annual rate of 5%, according to GlobalData, a leading data and analytics company. Following two years of contraction, the Peruvian construction industry […]
Top 20 VC deals account for over 80% of total deal value in payments tech space in 2018, says GlobalData
Low value deals (investment <=$10m) accounted for the majority of venture capital (VC) investments in the payment tech space in volume terms during 2018. However, the top 20 deals contributed more than 80% of total deal value during 2018, according to GlobalData, a leading data and analytics company. The number of VC deals with value […]
Many challenges still face chimeric antigen receptor (CAR) cell therapies, says GlobalData
Despite having demonstrated impressive efficacy in terms of response rates, CAR-T cell therapies are faced with several issues. Complex manufacturing leads to delayed patient access, high toxicity requires constant patient monitoring, and high cost of production means therapies are costing close to $0.5M, says GlobalData, a leading data and analytics company. The company’s latest report, […]
China dominates list of global top VC funded emerging tech companies in 2018, reveals GlobalData
Four of the top five venture capital (VC) funded companies in the global emerging tech space were from China in 2018, according to GlobalData, a leading data and analytics company. The four Chinese companies raised a combined disclosed VC funding of $20.5bn while Singapore-based Grab, which is into digital business space, is the only non-Chinese […]
Technology’s infiltration of the wealth management industry will present cybercrime risks in 2019, says GlobalData
Wealth managers should use technology to grow assets under management (AUM) and reach new demographics, however, they must remain astute to consumer protection against cyberattacks, which is becoming more common in this digital age, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘2019: Trends to Watch in Global Wealth Management’ […]
High price paid for Ocado highlights weakness of M&S, says GlobalData
In response to the announcement that M&S is paying £750m for a 50% stake in a joint venture with Ocado, Patrick O’Brien, UK Retail Research Director for GlobalData, a leading data and analytics company, offers his view: “Ocado’s deal with M&S shows how desperate the latter was to be able to get into food online, and […]
Digital transformation, distributed power and decarbonization led global power developments in 2018, reveals GlobalData
The global power industry is being driven by multiple market forces that have made the power market smarter, resilient and cleaner, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Key Developments in Global Power Industry in 2018’, highlights the key trends that were seen in 2018 and are most likely to lead […]
HPV testing devices market expected to total $400.2m by 2028, says GlobalData
While the global Human Papilloma Virus (HPV) testing market is predicted to grow at a compound annual growth rate (CAGR( of 2.4% over the next 10 years, the European HPV tests market will exhibit much stronger growth at 8.7%, says GlobalData, a leading data and analytics company. The company’s latest report: ‘Human Papilloma Virus (HPV) Tests […]
More than two-thirds of world’s megacities will be located in Asia by 2025, says GlobalData
Robust economic growth and rapid urbanization over the last few decades has resulted in the creation of a number of megacities in Asia. Against this back drop, 33 out of the projected 49 megacities will be located in the region, according to GlobalData, a leading data and analytics company. China to lead with 19 cities […]
M&A volume surges while VC funding count fluctuates in payment tech space between 2014 and 2018, says GlobalData
The payment technologies space witnessed a consistent growth in M&A volume between 2014 and 2018; however, venture capital (VC) funding fluctuated during the same period, according to GlobalData, a leading data and analytics company. M&A volume increased at a compound annual growth rate (CAGR) of 35.1% during the review period, with growth witnessed across all […]
A partnership between M&S and Ocado will not save its struggling food division, says GlobalData
In response to Ocado’s confirmation that it is in discussions with Marks and Spencer Group Plc regarding a joint venture in UK retail, Thomas Brereton, Retail Analyst for GlobalData offers his view: “M&S CEO Steve Rowe has been emphatically pursuing a ‘digital first’ M&S, in a bid to adjust the fledgling retailer to better cope with the rapid […]
2019 will see the US as key offshore center as OECD’s CRS restricts global banking, says GlobalData
Investment managers should be rethinking portfolio diversification strategies for their HNW clients as recent regulatory changes will encourage flows of assets to the US, already leading as the world’s biggest offshore market, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘2019: Trends to Watch in Global Wealth Management’, identified four […]
ITC Wills Lifestyle unveils new brand identity to engage with eco-friendly consumers, says GlobalData
Following the recent news that India-based apparel brand ITC Wills Lifestyle has launched a new brand identity – WLS – as part of its strategy to go all 100% natural, Shagun Sachdeva, Consumer Insights Analyst at GlobalData, offers her view: “Ethical fashion and sustainable clothing is one trend which is disrupting the entire clothing industry. […]