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Space tourism and the wider space economy will become increasingly important in the coming years, with the space economy market estimated to rise from $450 billion in 2022 to $1 trillion in 2030, according to GlobalData, a leading data and analytics company. GlobalData’s upcoming virtual conference, “The Future of Travel & Tourism”, will reveal how […]
Healthcare and technology industries at forefront of nanotechnology innovation with rapid commercialization, says GlobalData
The possible applications of nanotechnology are boundless. Propelled by the growing demand for sustainable materials, environmental remediation, faster electronics, and innovative therapies, nanotechnology could transform numerous industries. With the potential impact of nanotechnology expected to vary significantly across different sectors, the healthcare and technology sectors are currently at the forefront of innovation witnessing rapid commercialization, […]
Climate Tech: Join GlobalData’s webinar to find out the technologies at the forefront of industry decarbonization initiatives
The heightened occurrence and intensity of adverse weather events are highlighting the pressing need for change among both businesses and governments, emphasizing the swift transition towards net zero. A diverse array of technologies, including hydrogen, nuclear fusion, heat pumps, renewable energy sources, batteries, electric vehicles, e-fuels, carbon capture, and artificial intelligence (AI), is at the […]
Robotics industry will be worth $218 billion in 2030, forecasts GlobalData
Robots have been around for many years, primarily in industrial settings. However, the recent technological breakthroughs are set to unleash their full potential. Against this backdrop, the robotics industry is projected to grow at a compound annual growth rate (CAGR) of 14% from $76 billion in 2023 to $218 billion in 2030, forecasts GlobalData, a […]
Ransomware surge in 2024 demands coordinated global response, says GlobalData
Amid intensifying geopolitical tensions, ransomware attacks in 2024 are set to reach record levels, escalating the risks faced by companies worldwide. There is a shift toward more sophisticated extortion tactics, emphasizing the urgent need for coordinated global action and robust incident response strategies as organizations confront increasingly aggressive and persistent cyber threats, says GlobalData, a […]
Disruptive technologies set to revolutionize consumer goods value chain by 2035, reveals GlobalData
Disruptive technologies are set to revolutionize the consumer goods value chain from automated farms to robot-run shops over the next 10 years. As precision agriculture, plant-based proteins, and AI-driven retail evolve, industries will undergo profound transformations. These innovations, driven by the need for efficiency and sustainability, promise to reshape how we produce, consume, and interact […]
Companies have more ways than ever to assess ESG performance, says GlobalData
Environmental, social, and governance (ESG) factors have become a key concern for consumers, lawmakers, and the wider community. Social issues such as human rights and diversity and inclusion have made headlines when companies get them wrong, with social movements such as #MeToo and Black Lives Matter throwing light on any indiscretions. As ESG becomes increasingly […]
Global M&A activity in Q2 2024 boosted by supply chain, finds GlobalData
Amid the impact of persistent high interest rates and low growth across all the major economies, the second quarter of 2024 saw an overall decline in mergers and acquisitions (M&A) deal value of 9% compared to the same quarter in 2023. The supply chain has emerged as the key theme driving deals over the period, […]
GlobalData advises CEOs to tackle ESG risks to avert stakeholders backlash
Environmental, social, and governance (ESG) issues increasingly influence how business is conducted globally. Stakeholders demand greater transparency and action on a full spectrum of ESG issues. CEOs who do not take a forward-thinking approach to mitigate ESG risks will face the wrath of not only regulators, but also investors, lenders, customers, suppliers, and employees, according […]
Trump 2.0 will focus on tax cuts, while Biden 2.0 to prioritize meeting first-term agenda, says GlobalData
In the most anticipated political event of the year, the US presidential elections will see two generally unpopular candidates, Joe Biden and Donald Trump, battle for America’s vote. Election coverage has largely focused on each candidate’s unfavorable traits and left little room to discuss the wider implications should they win. A second term for Biden […]
GlobalData unveils AI governance framework to help companies implement AI responsibly and safely
Artificial Intelligence (AI) risks can seriously tarnish a company’s reputation. Potential issues range from copyright infringement to data privacy breaches and the risk of actual physical harm. Increased use of AI will also reinforce and exacerbate many of the society’s biggest challenges, including bias, discrimination, misinformation, and other online harms. Hence, to help companies implement […]
Future business success hinges on sustainability and circular economy practices, says GlobalData
As public demand for climate action and resource conservation grows, businesses must pivot to sustainability to thrive. Embracing circular economy principles, such as reducing waste and extending product lifecycles, is crucial. As a result, future success hinges on adopting innovative technologies and sustainable practices, ensuring businesses remain efficient, compliant, and resilient in an evolving regulatory […]
Rapid digitalization of agriculture sector increasing cybersecurity risks, says GlobalData
The adoption of technologies like robotics, artificial intelligence (AI), and the Internet of Things (IoT) across the agriculture sector is helping tackle various challenges, including labor shortages and climate change. However, this digitalization also puts the sector at risk of cyberattacks, says GlobalData, a leading data and analytics company. GlobalData’s latest thematic intelligence report, “Cybersecurity […]
A complete decoupling of supply chains from China virtually impossible, says GlobalData
The era of the easy, frictionless supply chains is over. In a post-pandemic world, companies had to adopt a just-in-case strategy for their supply chains, where hoarding inventory offered a safety net for unforeseen supply chain disruptions. However, reworking supply chains is complex and expensive, with no quick fixes. As the world’s manufacturing hub, China […]
Only 6% of gamers globally subscribed to cloud gaming services in 2023, says GlobalData
No cloud gaming service has achieved mainstream success yet, as just 6% of global unique gamers subscribed to cloud gaming services in 2023, according to GlobalData, a leading data and analytics company. GlobalData’s latest thematic report “Cloud Gaming,” reveals that the cloud gaming market will be worth over $22 billion in 2030, up from $3 […]
New entrants harness disruptive technologies to challenge incumbents in sharing economy market, finds GlobalData
As the sharing economy market matures, incumbent companies such as Uber and Airbnb face a new wave of disruption from smaller players. These new entrants are harnessing technologies such as artificial intelligence (AI) to gain a foothold in the market, forcing legacy companies to invest in disruptive technologies to maintain their competitive advantage, says GlobalData, […]
Chips industry may not be fit for purpose by 2030, says GlobalData
Next-generation chips represent the next frontier of semiconductor technology, incorporating advancements in design, materials, manufacturing process, performance, and packaging. As computing tasks become more demanding and data-intensive, next-generation chips promise faster speeds and better energy efficiency. However, the chips industry faces significant technological, supply chain, and geopolitical challenges, which will only intensify over the next […]
Cybersecurity faces an AI challenge, says GlobalData
The cybersecurity industry faces a challenge that is anything but business as usual. The prospect of offensive attacks using artificial intelligence (AI) is prompting increases in cybersecurity budgets as organizations try to understand the impact of generative AI on their security. AI is already used for threat detection, and its greater adoption will undoubtedly help […]
Supply chain drives global M&A deal activity in Q1 2024, finds GlobalData
Despite the impact of high interest rates and low growth across all the major economies, the total deal value of mergers and acquisitions (M&A) increased by 38% in the first quarter of 2024 compared to the same quarter in 2023. The supply chain has emerged as a prominent theme in helping the recovery of global […]
Cybersecurity: Join GlobalData’s webinar on tackling challenges
As cybersecurity remains a persistent concern for governments, companies, and individuals, 2024 has brought new challenges. From ransomware, phishing schemes, and supply chain attacks to critical national infrastructure threats, the cybersecurity landscape is fraught with peril. Organizations must confront the growing threat of AI-led cyberattacks, while numerous national elections, including those in the US, are […]