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The popularity of unmanned aerial vehicles (UAVs) or drones has grown significantly in the recent past. They have moved beyond military applications and have become more widely used by both consumers and enterprises. Against this backdrop, Chinese firms are rapidly investing in technologies, including surveillance, that will drive the regulatory reforms for drone applications in […]
Global RPA software and services market will be worth $20 billion by 2030, says GlobalData
Following disruptions caused to businesses by the COVID-19 pandemic, there has been increased interest in robotic process automation (RPA) as enterprises seek to reduce dependency on a human workforce. As a result of this, the global RPA software and services market will be worth $20.1 billion in 2030, up from $4.8 billion in 2021, according […]
Data center operators, water companies, and councils all face pressure as water resources dry up, says GlobalData
Following the news that Thames Water is reviewing data centers’ water usage; David Bicknell, Principal Analyst in the Thematic Intelligence Team at GlobalData, a leading data and analytics company, offers his view: “We have reached an environmental crunch point in the resources needed to run data centers. Switching to water cooling can cut a data […]
Ola electric cars will face stiff competition in India, says GlobalData
India-based electric vehicle (EV) manufacturer Ola Electric plans to launch its maiden electric car in 2024. However, the Softbank-backed company will face stiff competition and need significant investment in operational and technological capabilities to gain a foothold in the Indian market, says GlobalData, a leading data and analytics company. Ola is set to compete with […]
The failure of the UK’s NHS COVID Pass system undermines digital identity, says GlobalData
Following the news that the NHS COVID Pass system failed on Thursday 18 August; David Bicknell, Principal Analyst in the Thematic Intelligence Team at GlobalData, a leading data and analytics company, offers his view: “Digital identity has gained impetus worldwide because apps like the NHS COVID Pass enabled people to prove they had been vaccinated […]
Augmented reality will be invaluable to insurers in the post-pandemic world, says GlobalData
With augmented reality (AR) set to become a $152 billion market by 2030, its use cases for the insurance sector are only growing, according to GlobalData. The leading data and analytics company notes that the technology’s demand among insurers has been catalyzed by COVID-19 and the need for remote inspections. GlobalData’s report ‘Augmented Reality (AR) […]
Risk of further energy price rises unless energy companies can address cybersecurity vulnerabilities, says GlobalData
With rising global energy prices already causing concern to struggling households, GlobalData warns that there is another risk factor that could push prices even higher: cybersecurity. The leading data and analytics company notes that many energy companies ushered in technology upgrades to their systems and processes, spurred by the COVID-19 pandemic. However, these were not necessarily adequately protected from cyberattack. Further, rising geopolitical tensions globally have increased the risk of cyberattack […]
Disney overcomes streaming market’s slump, but the imbalance between subscriber stats and revenue continues, says GlobalData
Following the news that Disney added 14.4 million subscribers to its Disney+ service last quarter; Francesca Gregory, Thematic Analyst at GlobalData, a leading data and analytics company, offers her view: “Disney has now amassed 221 million subscribers across its streaming services, overtaking Netflix and providing some reassurance to investors. However, the company is not immune […]
Cybersecurity revenue in insurance sector set to grow at 10% CAGR to $10.6 billion in 2025, forecasts GlobalData
The digital world is a minefield for insurers at the moment, with giants AXA, CNA Financial, Tokio Marine and Marsh & McLennan suffering cyberattacks in 2021 alone. Against this backdrop, cybersecurity revenues in the insurance sector are set to grow at a compound annual growth rate of more than 10% from $6.4 billion in 2020 […]
Amazon aims to take consumer robots mainstream with acquisition of iRobot, says GlobalData
Following the news that Amazon has acquired iRobot; Snigdha Parida, Senior Analyst at GlobalData, a leading data and analytics company, comments: “Despite iRobot’s longevity and brand leadership in high-tech home robots, it has remained a mid-sized enterprise. It has also experienced supply chain disruption throughout the pandemic. Amazon’s sophisticated logistics ecosystem will help iRobot overcome […]
APAC region records 119% QoQ growth in M&A deal value in Q2 2022, finds GlobalData
The Asia-Pacific (APAC) region saw a growth of 119% in mergers and acquisitions (M&A) deal value in Q2 2022 compared to the previous quarter (Q1), despite significant geopolitical and financial challenges around the world, finds GlobalData, a leading data and analytics company. India, Australia and China were the top three countries when measured in terms […]
Meta’s disappointing Q2 results signal urgency in boosting ad business, says GlobalData
Following the news that Meta reported its first-ever year-over-year drop in revenue; Rachel Foster Jones Thematic Analyst at GlobalData, a leading data and analytics company, offers her view: “Meta is facing the perfect storm, from slashed advertising budgets due to inflation, Apple’s crackdown on privacy, competition with TikTok, and economic uncertainty, all of which are […]
Cloud acquisitions drive M&A deal activity in TMT sector in Q2 2022 as deal value rises by 15%, says GlobalData
Amid rising competitive pressures and economic uncertainty, companies are turning towards cloud technology to stay ahead, according to GlobalData. The leading data and analytics company notes that the cloud market will see the most deal activity out of all tracked themes in 2022 and beyond. GlobalData’s Thematic Research team analyses the most disruptive themes—from ‘Artificial […]
South Korea to eventually join Chip 4 alliance as sales in China expected to diminish, says GlobalData
Following the news that China is concerned at the prospect of South Korea joining a US-led chip alliance; Josep Bori, Research Director in the Thematic team at GlobalData, a leading data and analytics company, offers his view: “South Korea is in a tough position, as it will want to balance its exposure to the Chinese […]
UK ‘pro-innovation’ draft AI guidelines suggest no real pressure on big tech, says GlobalData
The UK government’s latest draft guidelines for regulating artificial intelligence (AI) are too vague and simply seek to appease big tech, according to GlobalData. The leading data and analytics company notes that the proposal to be “proportionate and adaptable” and that regulators should “consider lighter touch options” suggests there will be no real pressure on […]
Russia’s ISS withdrawal will exacerbate space economy’s geopolitical fault lines, says GlobalData
Following the news that Russia will withdraw from the International Space Station (ISS) after 2024 and construct its own orbital outpost; Francesca Gregory, Thematic Analyst at GlobalData, a leading data and analytics company, offers her view: “The launch of the ISS in 1998 ushered in a new era of international cooperation in space. The space-race […]
Defense supply chains most targeted and vulnerable point of access for cyberattacks, says GlobalData
Cybersecurity has become a key issue to consider for all sectors in the wake of the growing connectivity between physical and digital systems. The sensitive nature of defense data and the consequential national security concerns elevate the importance of data security for defense manufacturers. Suppliers in the chain often work with multiple companies. This makes […]
Twitter suffers disappointing results as company faces multiple headwinds, says GlobalData
Following the news that Twitter reported a 1% decline in revenue despite increasing the number of users on its platfrom by 8.8 million, Rachel Foster Jones Thematic Technology Analyst at GlobalData a leading data and analytics company offers her view: “Twitter is facing multiple headwinds from reduced ad revenue, changes to Apple’s privacy settings, some […]
Heatwaves in Europe putting IT at risk, effective cooling systems needed to avoid outage of services, says GlobalData
Following the news that Tuesday’s record-breaking temperatures in the UK caused a Google Cloud data center in London to experience outages due to cooling issues, impacting customers; Sarah Coop, Thematic Analyst at GlobalData, a leading data and analytics company, comments: “Rising temperatures, such as those experienced in Europe this week, aren’t good news for our […]
Netflix’s new monetization strategy is a belated response to industry headwinds as it continues to shed subscribers, says GlobalData
Following the news that Netflix lost almost a million subscribers in Q2 2022; Francesca Gregory, Thematic Analyst at GlobalData, a leading data and analytics company, offers her view: “Netflix’s dismal year continues, with churn rates hit by market saturation and a deepening cost of living crisis in its core markets. The company’s subscriber stats paint […]