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The UK health and social care landscape is facing unprecedented fiscal pressures, which will severely impact the complex NHS commissioning structure and its capabilities to procure IT solutions and services, according to GlobalData, a leading data and analytics company. Jonathan Cordwell, Principal Health & Social Care Analyst at GlobalData, commented: “New funds, new national bodies […]
Revocation of Uber’s licence will have impacts on the insurtech sector
Following today’s news (Monday 25th November) that Transport for London (TFL) will not grant a new license to Uber to operate in London after repeated safety failures; Yasha Kuruvilla, Associate Analyst at GlobalData, a leading data and analytics company, offers his views: “TFL’s decision will not only have impacts on the thousands of drivers and millions […]
Black Friday forecast to be worth £4.3bn in 2019
UK shoppers are set to squeeze more of their Christmas spend into the Black Friday period due to expectations of heavy discounts, but this will lead to an increased strain on retailer profitability. Spend on promotional sales will rise 2.2% to £4.3bn, compared to a rise of just 0.6% for non-food retail over the whole […]
Brexit boost for UK savings market as higher wages and uncertainty prompts more households to save
A combination of Brexit and macro-economic factors has led to the savings ratio rising in 2019, reaching 6.8% in July 2019 from 5.7% a year ago, and under 4% from its low point in April 2017, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘UK Savings 2019: Review, Forecasts, and Future Opportunities’, […]
Changes in concessional provisions for renewable projects in Andhra Pradesh to bode well for regional distribution utilities
The Andhra Pradesh Government has made several key changes to its policies on solar, wind and hybrid power, effectively taking more control over setting tariffs from such power generation units. However, the amendments made would limit the inordinate benefits provided for the development of solar and wind projects, says GlobalData, a leading data and analytics […]
Relaunch of easyJet package holiday business holds a good chance for success
Following today’s news (Tuesday 19th November) that easyJet is relaunching its package holiday business as the airline looks to fill the gap left by Thomas Cook’s demise earlier this year; Johanna Bonhill-Smith, Travel and Tourism Analyst at GlobalData, a leading data and analytics company, offers her view on the airlines news: “EasyJet has always been […]
KarXT set to be promising treatment option for acute psychosis in schizophrenia
Following the news that Karuna Therapeutics has announced the Phase III Clinical Trial results of KarXT for acute psychosis in patients with schizophrenia; Alessio Brunello, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers his view: “KarXT, with its novel mechanism of action that targets central nervous system (CNS) indications, represents a […]
Orsted’s commissioning of Formosa I marks a milestone for Taiwan’s entry into offshore wind league
Danish power company Orsted has officially inaugurated Taiwan’s first commercial offshore windfarm, Formosa 1. The 128 megawatt (MW) plant is a joint venture (JV) project of Orsted (35%), JERA (32.5%), Macquarie Capital (25%) and Swancor (7.5%). It is the first offshore wind project in the Asia-Pacific (APAC) region for Orsted, which has worked with its […]
Election and continuing Brexit uncertainty will stifle retail spend this Christmas
After over a year of average wage growth outstripping inflation, retailers should have been able to look forward to a bumper Christmas. However, the effect of continual uncertainty over Brexit, combined with a pivotal general election occurring right in the middle of the festive season, means total retail is forecast to grow by just 1% […]
Poland solar PV installation is set for exceptional growth
Poland has registered phenomenal growth in solar photovoltaics (PV) installations in 2019 and is expected to install 3.15 gigawatt (GW) of capacity by 2022, according to GlobalData, a leading data and analytics company. Tarun Bhutani, Project Manager at GlobalData, commented: “Poland recently entered the GW club of solar PV capacity in September and is all […]
Visitor numbers to the North Africa region will reach 37.4 million by 2022
By 2022, international arrivals to the North Africa region will grow from 31 million in 2018 to 37.4 million, posting a compound annual growth rate (CAGR) of 4.8%, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Destination Market Insights: North Africa’, reveals that tourism to the region will be boosted by changing travel […]
Oil and gas projects led by Chinese contractors in the Middle East region stand at US$75.3bn
The total value of oil and gas projects awarded to Chinese contractors in the Middle East and North Africa (MENA) region, from stage of announcement to execution, stands at US$75.3bn, of which US$68.1bn relates to projects in execution, according to GlobalData, a leading data and analytics company. Energy cooperation is at the core of economic […]
SunPower’s exit from manufacturing business could be a changing trend
Following the recent announcement that SunPower, one of America’s largest solar-panel makers, is to exit from the manufacturing business; Mohit Prasad, Project Manager at GlobalData, a leading data and analytics company, offers his view: “SunPower Corp is exiting from the manufacturing business to strengthen its focus on the development of residential and commercial rooftop solar […]
Motorola reprises the iconic Razr hoping design outweighs phone specs
Following the news that Motorola officially unveiled its new version of the iconic Razr mobile phone, a hit in the early 2000s; Lynnette Luna, Technology Analyst at GlobalData, a leading data and analytics company, offers her view: “The Motorola Razr phone was a massive hit 15 years ago. It is an iconic device. Motorola has done a rather clever thing here. […]
Electric vehicles pick up at a rapid pace with five million on the road worldwide
We are at the very beginning of the era of electric vehicles (EVs). Today, there are five million EVs on the world’s roads, which is up two million from 2018. China is in the leading position, in terms of the largest EV market, followed by Europe and the US. However, large-scale commercial production of EVs […]
T-Mobile has launched a compelling pre-emptive strike to secure its merger with Sprint
Following today’s news (Thursday 7 November) that T-Mobile has made some bold promises if its merger with Sprint can close; Lynnette Luna, Principal Analyst at GlobalData, a leading data and analytics company, offers her view on the news: “T-Mobile has made very bold promises that can only come to fruition with the vast wireless spectrum […]
Telcos launch commercial blockchain services to seize new revenue streams
Blockchain, after a relatively slow build-up over several years, is being touted as a revolutionary technology with the potential to reshape many industries, both in terms of their operational and business models, says GlobalData, a leading data and analytics company. The company’s report, ‘Decoding the Blockchain Ecosystem for Telecoms: Value Chain, Players, and Telco Opportunities’, […]
EDF’s acquisition of Pivot Power to strengthen its position in the UK storage market
Following the recent news (Monday 4th November) regarding EDF’S acquisition of Pivot Power; Nirushan Rajasekaram, Power Analyst at GlobalData, a leading data and analytics company, offers his views on the news: “The purchase of Pivot Power is part of EDF’s strategy to become a market leader in the charging infrastructure and storage space. In March 2018, […]
Premium smartphones will keep driving the US market
As US consumers continue to show their willingness to pay high prices for the latest smartphones, the premium tier of devices has almost doubled in the number of models available since Q3 2017. Phones costing more than $700 accounted for 63% of all post-paid devices available across carriers in Q3 2019, and this trend is […]
Companies risk their market status if they fail to make the most of their data
Companies that fail to derive actionable insights from the wealth of data they possess risk losing out to rivals using diverse data sets to gain a deeper understanding of their customers and marketplace, according to GlobalData, a leading data and analytics company. According to the company’s latest report, ‘Big Data’, today’s digital economy is powered by […]