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Following day five of COP28, GlobalData Thematic Intelligence analysts offer their views: Thomas Pothalingam, Analyst, Thematic Intelligence at GlobalData, offers his view: “Transparency and accessibility are paramount for effective climate interventions and tackling the growing impacts of climate change on the most vulnerable communities. COP28’s Global Stocktake and Climate Accountability: Unlocking Finance and Action event […]
GlobalData explores vast potential of synthetic biology across industries
The emerging field of synthetic biology will unlock several new realms of innovation. These will range from environmentally friendly luxury materials to novel cancer therapeutics and even using DNA as a new form of data storage. Furthermore, synthetic biology provides advanced solutions to global challenges such as food insecurity, climate change, and plastic pollution, says […]
Social media giants face privacy challenges and rise of decentralized apps, says GlobalData
The landscape of social media is undergoing a transformation as Big Tech faces challenges from privacy regulations and heightened user concerns. The industry’s future rests on navigating evolving user preferences and regulatory pressures, striking a delicate balance between personalized advertising, user data privacy, and innovation, says GlobalData, a leading data and analytics company. GlobalData’s latest […]
Potential bottlenecks in battery supply chain pose threat to EV and low carbon transition, says GlobalData
The electric vehicle (EV) revolution faces a critical challenge as the low-carbon transition hinges on sufficient battery production. Potential raw material shortages loom large, threatening to disrupt the demand-supply balance. The success of this green transition necessitates addressing these supply chain concerns to ensure a seamless and sustainable future for EVs and the broader low-carbon […]
Metaverse faces uphill path ahead as adoption struggles with limited use cases, says GlobalData
The metaverse, a virtual world where users share experiences and interact in real-time within simulated scenarios, will face an uphill path ahead as limited use cases hamper its adoption, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Metaverse – Thematic Intelligence”, reveals that the metaverse struggles from limited knowledge of the theme, […]
Global M&A deal value declines 8% YoY in Q3 2023 amid economic uncertainty, reveals GlobalData
The global mergers and acquisitions (M&A) landscape witnessed an 8% decline in deal value from $515 billion in Q3 2022 to $473 billion in Q3 2023. The total M&A deal volume also fell by 21% from 8,997 to 7,083 during the period. The economic deceleration, attributed to rising inflation and interest rates, influenced this trend, […]
Global ecommerce market will be worth $9.3 trillion by 2027, forecasts GlobalData
The global ecommerce market is being democratized by ecommerce as a service companies, like Shopify, and marketplaces, like Amazon and Alibaba, that allow anyone to become a merchant. Alongside this, improved technology, new delivery services, and wider internet adoption will help the global value of ecommerce transactions hit $9.3 trillion by 2027, growing at a […]
Splunk deal to allow Cisco to reduce dependency on hardware business, says GlobalData
Cisco has a strong position in computer networking, but its growth has stalled due to both the weakness of its telecom operator customers as well as the shift of enterprise IT to the public cloud, where it enjoys a less dominant position than in the traditional enterprise. Against this backdrop, the $28 billion acquisition of […]
A new space race is underway, driven by relentless economic competition, says GlobalData
Space launches used to be rare, memorable events of global significance, such as the Apollo 11 mission that landed on the Moon in 1969. The space race, which was the domain of national space agencies led by NASA in the US and the Soviet space program in the past, has now become a thriving space […]
GlobalData forecasts wearable tech market to surpass $290 billion in 2030
In an era defined by innovation and connectivity, wearable technology has emerged as a transformative force, revolutionizing the way we live, work, and play. Against this backdrop, the wearable tech industry is set to expand at a compound annual growth rate (CAGR) of 14.3% from $99.5 billion in 2022 to $290.6 billion in 2030, forecasts […]
Gen Z, the TikTok generation, is coming of age and is ready to disrupt every industry, says GlobalData
Over the next 10 years, up to $8.6 trillion in assets will be transferred to younger generations. It will be history’s biggest-ever transfer of wealth and power as the so-called ‘boomers’ retire and die, and the younger cohorts take over with very different experiences, assumptions, habits, and values. Gen Z is among the key beneficiaries […]
Big Tech faces significant risk in the new regulatory landscape, says GlobalData
Over the next few years, regulators will crack down on some of the world’s biggest tech companies, including Amazon, Google, Meta, X (Twitter), Alibaba, and Tencent, according to GlobalData, a leading data and analytics company. GlobalData’s latest thematic report, ‘Tech Regulation,’ predicts that regulators will come after tech companies in 12 regulatory arenas: data security, […]
Robotics market will be worth $218 billion by 2030, forecasts GlobalData
There are already well over three million industrial robots installed worldwide, and the pace of installation is increasing rapidly. Use cases are proliferating from shelf stacking to cleaning to manufacturing. Robots are increasingly important as many countries struggle with labor shortages and aging populations. Against this backdrop, the robotics market is forecast to reach $218 […]
Chandrayaan-3 to propel India in lunar mining exploration race, says GlobalData
Following the news that Chandrayaan-3 is all set to land successfully on the south polar region of the Moon around 6.04pm IST on 23 August 2023; Shri Charan Padala, Principal Analyst in the Thematic Intelligence team at GlobalData, comments: “Moon’s south pole is thought to be rich in water ice, which could be used to […]
Arm IPO success hinges on Softbank ability to convince investors Arm is an AI company, says GlobalData
Following the news that Softbank-backed British chip designing giant Arm is set to launch an initial public offering (IPO) early in September 2023: Mike Orme, Consultant Analyst, Thematic Intelligence at GlobalData, offers his view: “For Softbank to justify its target $64 billion Nasdaq valuation at next month’s IPO, it must persuade investors that Arm is […]
Generative AI disrupting every sector, but sports industry will have to wait, says GlobalData
Generative AI is disrupting every sector, but the sports industry will have to wait before reaping the benefits. There have been attempts at using generative AI to innovate in the sports sector, but none have yielded ground-breaking results, says GlobalData, a leading data and analytics company. GlobalData’s recent report, ‘Artificial Intelligence in Sports,’ reveals that […]
UK Electoral Commission cyberattack raises questions about effectiveness of cyber-governance, says GlobalData
Following the news that the UK Electoral Commission suffered a cyber breach, David Bicknell, Principal Analyst, Thematic Intelligence at GlobalData, offers his view: “This is a highly disturbing breach that raises many questions about the cyber governance of the UK’s independent and public bodies and the technical advice they are given. This suggests cybersecurity was […]
Militaries in Asia-Pacific building metaverses to prepare for future conflicts, says GlobalData
The metaverse is a virtual world where users share experiences and interact in real-time within simulated scenarios. It is forecast to generate $627 billion in revenue by 2030, expanding at a compound annual growth rate (CAGR) of 33% between 2020 and 2030. The metaverse has potential applications across all aspects of modern warfare, including training […]
Global military powers pursue AI advantage amid escalating US-China tech war, says GlobalData
Driven in part by competition between global superpowers, including the US and China, as they engage in an ongoing tech war, the global artificial intelligence (AI) market will be worth $908.7 billion in 2030, registering a compound annual growth rate (CAGR) of 35.2% from $81.3 billion in 2022. With the US-China tech war escalating, AI […]
Quantum computers could power future oil and gas computations, says GlobalData
The oil and gas industry has relied on traditional computers to tackle their mathematical challenges for decades. Despite the significant improvements in the speed and precision of classical supercomputers, they can sometimes fall short when calculations involve multiple variables. This limitation could be overcome with quantum computers, which, in theory, can perform some of the […]