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Autonomous vehicles (AVs) are currently more hype than substance, given the significant technological, financial, and regulatory barriers to their widespread use, according to GlobalData. In its latest report, ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research’, the leading data and analytics company predicts that focus will shift onto ‘lower-level’ AVs that require greater […]
Meta’s new biometric technology patents signal potential data privacy issues in the metaverse, says GlobalData
Following today’s news (January 18) that Meta has patented technologies that use biometric data to power what the user sees; Members of the Thematic Research Team at GlobalData, a leading data and analytics company, offer their view: Sarah Coop, Associate Analyst at GlobalData, comments: “Facebook’s plan to target user content based on facial movements are […]
Microsoft is acquiring Activision Blizzard to dominate the metaverse, says GlobalData
Following the news that Microsoft plans to acquire Activision Blizzard for $68.7 billion; Rupantar Guha, Principal Analyst at GlobalData’s Thematic Team, a leading data and analytics company, offers his view: “Taking part in what is the biggest tech merger & acquisition (M&A) ever reflects Microsoft’s desire to dominate the metaverse. The company is focused on […]
Netflix shows signs of slowing with high competition pressures expected to continue, says GlobalData
While Netflix remains the undisputed leading streaming platform, with a 21% share of the US subscription video on demand (SVoD) market in 2021 GlobalData notes that the giant is showing signs of slowing. With more and more competitors arriving, the leading data and analytics company says streaming platforms will not only have to provide evocative […]
Wearable tech will dominate consumer IoT with $97.5 billion revenues in 2022, forecasts GlobalData
Wearable tech will represent 46% of the consumer Internet of Things (IoT) market in 2022, followed by automated home (37%) and connected car (17%), according to GlobalData, a leading data and analytics company. GlobalData’s report, ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research’, reveals that wearable tech will generate $97.5 billion in revenues […]
67% of businesses worldwide believe COVID-19 spurred action on ESG issues, GlobalData survey shows
A survey by GlobalData has revealed that 67% of 1,500 ESG* and CSR* executives across all industries believe that the COVID-19 pandemic has increased focus and action on ESG issues. The leading data and analytics company notes that COVID-19’s shake up of the status quo has led businesses to see just how accomplishable environmental progress […]
SpaceX’s Starship has the power to make or break the next phase of the space economy, says GlobalData
As SpaceX scrambles to resolve production issues on Starship’s Raptor engines ahead of its orbital test flight in early 2022, the future of the company and the wider space economy hangs in the balance, says GlobalData. The leading data and analytics company notes that, if successful, Starship’s usable payload and quick turnaround will dismantle key […]
Cloud gaming set to become a $3 billion industry in 2022, says GlobalData
The cloud gaming market will see a significant 59% rise between 2021 and 2022, according to GlobalData, reaching a valuation of $3 billion. However, the leading data and analytics company’s latest report ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research’, highlights that this potentially disruptive sector will remain niche in 2022 unless companies […]
Semiconductors and critical minerals will be 2022’s key geopolitical battlegrounds, says GlobalData
Nations will wish to favor competition over cooperation as the global economy recovers from COVID-19, according to GlobalData. The leading data and analytics company notes that some sectors — including 5G, semiconductors, pharmaceuticals and batteries — will remain a volatile space for geopolitics for years to come. GlobalData’s latest report, ‘Tech, Media and Telecoms Predictions […]
Healthtech predicted to focus on AI and virtual care in 2022, with medical robotics not far behind, says GlobalData
In its latest report, ‘Tech, Media & Telecoms Predictions 2022 – Thematic Research leading data and analytics company GlobalData predicts that artificial intelligence (AI) will be a key driver of healthcare innovation and industry disruption; digital and virtual tools will help to address the demand for better patient care; and although medical robotics hold promise, […]
Metaverse growth in 2022 will be driven by the enterprise and gaming markets, says GlobalData
Tech titans will begin competing for metaverse market dominance in 2022 and non-tech brands will continue to explore how metaverses could deliver operational improvements, according to GlobalData. In its latest report, ‘Tech, Media, & Telecom Predictions 2022’, the leading data and analytics company reveals that gaming and commercial uses will spur growth but concerns over […]
2022 predictions: Digital twins to become widespread, edge computing to accelerate IoT adoption, and the importance of Industry 4.0 technologies to become clearer, says GlobalData
The fourth industrial revolution—also known as Industry 4.0—will benefit not just traditional manufacturing and logistics but all areas of business in 2022, notes leading data and analytics company GlobalData. In its latest report, ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research’, GlobalData reveals that environmental social and governance (ESG), digital twins (digital representations […]
2022 predictions: Further roll out of ‘explainable AI’, a future less dominated by big data, and more practical applications of AI lie ahead, predicts GlobalData
An increased use of explainable artificial intelligence (XAI) — a set of tools and frameworks that help to develop interpretable and inclusive AI models; the expansion of ‘unobtrusive AI’ — AI that can be integrated into software and play its role unobtrusively through autonomous behavior and feedback cycles; and big data’s domination of AI beginning […]
2022 predictions: China to dominate super apps, data ownership in banking to be more transparent, and mobile wallet transactions set to exceed $266 billion in the US, says GlobalData
Digital technologies are causing disruption across banking and online payments. In its latest report, ‘Tech, Media, & Telecom (TMT) Predictions 2022’, GlobalData, a leading data and analytics company, finds that super apps, openness in customer data ownership, and Generation Hashtag will be key topics in fintech in 2022. As 2021 draws to a close, Amrit Dhami, Thematic […]
GlobalData expects more secondary listings from Chinese TMT companies
Following the news that SenseTime has relaunched $767m Hong Kong IPO after the US investment ban: Swati Verma, Associate Project Manager of Thematic Research at GlobalData, offers her view: “Chinese tech, media, and telecom (TMT) companies are directly or indirectly being impacted by the geopolitical stand-off between the US and China. As a result, several […]
2022 predictions: Quantum computing market growth driven by cloud-based services and security solutions, as companies ignoring these trends at risk of being left behind, says GlobalData
The growth of cloud-based quantum computing services and an increasing need to implement post-quantum security solutions are two of the standout trends that will shape the quantum computing market in 2022, according to GlobalData, a leading data and analytics company. Quantum computers are designed to complete in seconds tasks that would take classical computers thousands […]
2022 predictions: Cyber threats to become more dangerous, zero-trust approach will be ubiquitous, and security convergence to become increasingly important, says GlobalData
The global cybersecurity industry will be worth almost $238 billion in 2030, a massive 106% increase up from the $115 billion value in 2020, according to forecasts by GlobalData. The leading data and analytics company notes that this growth will be supported by three key future predictions for 2022, which it outlines in its latest […]
Companies risk a shareholder backlash if they do not set and achieve challenging ESG commitments in 2022, says GlobalData
In light of the 2021 UN Climate Change Conference of the Parties (COP26), the role of the private sector in climate action is becoming increasingly apparent with commitments made by companies to climate change action accelerating in 2022. In its latest report, ‘Tech, Media, & Telecom (TMT) Predictions 2022 – Thematic Research’, leading data and […]
Hybrid work and AI will fuel growth in the communication and collaboration market, set to be worth $309 billion by 2025, says GlobalData
The rising number of employees working remotely has spurred a huge growth in the communication and collaboration (C&C) market, which is set to be worth a whopping $309 billion by 2025. With hybrid working becoming standard practise in the workplace, the communications platforms segment — worth $16.3 billion in 2020 — will grow at a […]
Europe’s new lithium plant signals the start of a new era for the battery and automotive industries, says GlobalData
Following the news that Northvolt and Galp’s planned lithium processing plant in Portugal will produce enough battery-grade lithium hydroxide for 700,000 electric vehicles; Daniel Clarke, Thematic analyst at GlobalData, a leading data and analytics company, offers his view: “Battery companies are now investing upstream to refine lithium directly, and carmakers will realize that they have […]