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The metaverse market will register a compound annual growth rate (CAGR) of 39.8% during the 2022-30 forecast period, driven by rapidly growing mergers and acquisitions (M&A) activity in the sector, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Metaverse Market Size, Share, Trends, Analysis and Forecasts, 2022-2030 reveals that M&A deals have […]
Quest Pro is Meta’s experimental attempt to go beyond virtual reality gaming, says GlobalData
Following the news that Meta has unveiled a new Quest Pro virtual reality (VR) headset; Anisha Bhatia, Senior Analyst at GlobalData, a leading data and analytics company, offers her view: “VR headsets are bulky and clunky. But Meta Quest Pro is innovative, with its battery on a back mount, reducing the bulkiness of the headset […]
Singapore enterprises raise ICT budgets for 2022, driven by institutional support for digital economy, finds GlobalData survey
Encouraged by the government measures supporting growth in the digital economy along with continued efforts at digitalizing their own business operations, more than a third of enterprises in Singapore have significantly increased their ICT budgets in 2022 compared to 2021, reveals GlobalData, a leading data and analytics company. GlobalData’s Singapore enterprise ICT investment trends report, […]
US enterprises increase their ICT budget for 2022 with a focus on disruptive technologies and cybersecurity, finds GlobalData
According to a survey by GlobalData*, 86% of US enterprises have increased their ICT budget in 2022, compared with 2021. The leading data and analytics company highlights that such investment was enabled by strong economic rebound in 2021, and will help these companies continue and develop the digitalization measures they used to overcome the COVID-19 […]
Vodafone/3 merger talks confirmed: goal of establishing the UK’s largest mobile base faces hurdles, says GlobalData
Following the news that Vodafone has finally confirmed that it has been in talks with CK Hutchison, owner of Three UK, to bring together their UK businesses to create the country’s largest mobile operator with about 27 million subscribers; Emma Mohr-McClune, Service Director of Consumer at GlobalData, a leading data and analytics company, offers her […]
Metaverse market to register CAGR of 39.8% to reach $996bn in 2030, forecasts GlobalData
The metaverse market will record a compound annual growth rate (CAGR) of 39.8% to reach $996 billion in 2030, as companies across the globe, including those in non-tech sectors, increasingly invest in the technology for better engagement with customers, brand awareness expansion, and identification of new revenue streams, says GlobalData, a leading data and analytics […]
Google’s new Pixel Watch offers little more than a beautiful, sleek design, says GlobalData
Following Google’s announcement of the new Pixel Watch at the recent Made By Google event;Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “Despite the investments Google has poured into developing the Pixel Watch, such as purchasing Fitbit for $2.1 billion, refining Wear OS over the years, and actually […]
Most retail enterprises see increased ICT budgets in 2022 with a focus on improving internal as well as customer communication, finds GlobalData survey
Approximately 83% of enterprises* in the retail sector have seen an increase in their enterprise ICT budget in 2022 compared to 2021, driven by the increasing adoption of digital technologies for streamlining supply chains and improving customers’ experiences, found GlobalData, a leading data and analytics company. GlobalData’s report, ‘Enterprise ICT Investment Trends Retail’, which is […]
New features focusing on productivity place Slack in an enviable position, says GlobalData
Following Slack’s introduction of a variety of features on its flagship collaboration platform at Dreamforce 2022; Gregg Willsky, Principal Technology Analyst at GlobalData, a leading data and analytics company, offers his view on how these features will help companies become more productive: “By focusing specifically on productivity, Slack has a competitive advantage. Every business places […]
Japan subscription video on demand revenue to grow at 10.1% CAGR during 2022-2027, forecasts GlobalData
The subscription video on demand (SVoD) service revenue in Japan is expected to increase at a compound annual growth rate (CAGR) of 10.1% from $4.5 billion in 2022 to $7.3 billion in 2027, driven by the strong growth in SVoD subscriptions and unique SVoD households, and a steady rise in the average monthly revenue per […]
Global cyber security revenue to reach $334 billion in 2026, forecasts GlobalData
Cyber security has emerged as a top priority for organizations and consumers alike, especially following the spread of the COVID-19 pandemic, which led to new ways of living and working with a huge reliance on digital infrastructure that remains vulnerable to cyberattacks. Against this backdrop, the global cyber security revenue is expected to register a […]
Vodafone Pulse Connect ups the ante in battle for UK SME business, says GlobalData
Vodafone is targeting the UK small and medium-sized (SME) enterprise market with its Vodafone Pulse Connect proposition; Robert Pritchard, Senior Analyst for Enterprise Technology and Services at GlobalData, a leading data and analytics company, offers his view: “There is a huge amount of potential in the UK SME market, which consisted of approximately 5.6 million […]
Mobile service revenue in Hong Kong to increase at 2.2% CAGR over 2021-2026, forecasts GlobalData
The overall mobile services revenue in Hong Kong is poised to grow at a compound annual growth rate (CAGR) of 2.2% from $2.7 billion in 2021 to $3.0 billion in 2026, supported by the growth in smartphone subscriptions and mobile data service revenues, forecasts GlobalData, a leading data and analytics company. GlobalData’s Hong Kong Mobile […]
Fixed communication services revenue to grow at 1.6% CAGR during 2022-2027 in Hong Kong, forecasts GlobalData
The fixed communication services revenue in Hong Kong is expected to increase at a compound annual growth rate (CAGR) of 1.6% from $3 billion in 2022 to $3.3 billion in 2027, mainly driven by the strong growth in the fixed broadband segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s Hong Kong Fixed Communications […]
ISRO, Hughes standalone satellite broadband service to address connectivity gaps in India, says GlobalData
Hughes Communications India Private Limited (HCI), in collaboration with the Indian Space Research Organization (ISRO), has recently launched India’s first high-throughput satellite (HTS) broadband internet service. This will support the country’s broadband services market by addressing the connectivity gaps, taking broadband services to underserved areas, and catering to industrial applications, says GlobalData, a leading data […]
Vietnam telecom and pay-TV services market to reach $6.5 billion in 2026, forecasts GlobalData
The telecom and pay-TV services market in Vietnam is set to grow to $6.5 billion in 2026, witnessing a marginal compounded annual growth rate (CAGR) of 1% over the forecast period 2021-2026, mainly supported by mobile data segment, observes GlobalData. The leading data and analytics company’s, ‘Vietnam Telecom Operators Country Intelligence Report’, reveals that mobile […]
Global telecoms service providers are being ‘net-zero heroes’, but we must be mindful of greenwashing risks when it comes to far-off targets, says GlobalData
The recent substantial damage that floods have caused in Pakistan is a devastating reminder that climate change remains the single most important challenge facing the planet. Research by GlobalData has revealed that the technology and telecoms sector are being ‘net-zero heroes’ by making ‘sustainability’ an operational priority. The leading data and analytics company notes that […]
India mobile data service market revenue to register 4.9% CAGR over next five years, forecasts GlobalData
The mobile data service revenue in India is poised to increase at a compound annual growth rate (CAGR) of 4.9% over the forecast period 2022-2027, driven by the continued rise in mobile internet penetration, and increase in mobile data ARPU, according to GlobalData, a leading data and analytics company. As per GlobalData’s India Mobile Broadband […]
Apple’s first eSIM-only iPhone 14 is a customer digitalization milestone, but a disaster for ill-prepared carriers, says GlobalData
The news that Apple has launched an eSIM-only iPhone 14 model in the US is an eSIM turning point in the mobile carrier industry, essentially signalling the start of a new era of digital connectivity competition, says GlobalData. According to the leading data and analytics company, the consequences are many and varied, as the eSIM-only […]
The Apple Watch Ultra is a tough yet chic wearable offering adventurers the best of both worlds, says GlobalData
Following Apple’s Far Out event during which the company announced the much-anticipated Apple Watch Ultra; Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “The Apple Watch Ultra offers adventurers excellent extreme weather and outdoor sports features comparable to Garmin Adventure Watches and superior to Samsung’s new Galaxy Watch5 […]