The global switchgears market is estimated to reach $17.9bn in 2022, growing at a CAGR of 4.98% between 2018 and 2022, largely underpinned by Asia-Pacific, according to GlobalData. The company’s latest report: ‘Switchgears for Power Transmission, Update 2018’ states that initiatives to improve access to electricity and support the growing demand for power, and technology changes within the power sector are driving the switchgear...

Following the European Union Agency for Law Enforcement Cooperation’s (Europol) 2018 Internet Organised Crime Threat Assessment (IOCTA) report, Gary Barton, Technology Analyst at GlobalData, has offered his insight on why governments and regulators should consider how criminals may use 5G connectivity.

  The global smart meter market is estimated to reach $10.4bn by 2022, driven by rising emissions, domestic energy resource constraints, ageing infrastructure and the growing demand and cost of electricity, according to the data and analytics company, GlobalData.

Around 50% of Belgium’s annual power generation is expected to come from non-hydro renewables in 2030, the same share that came from nuclear power in 2017, according to GlobalData, a leading data and analytics company.

  Led by Asia and the Middle East, the global petrochemicals market capacity is poised to grow from 1,547.2 million tons per annum (mtpa) in 2017 to 1,931.5mtpa in 2026, leading data and analytics company GlobalData has reported.

  Facebook and other top digital platforms are commanding the unwelcome attention of regulators following a series of missteps centred on consumer data privacy and high-profile misinformation campaigns.

Google, Amazon, and IBM joined forces with Microsoft, Salesforce, and Oracle to pledge to speed up the progress of health data standards and interoperability. This collaboration will lead to advances in AI, which itself will lead to earlier diagnoses and better treatments at lower cost, according to GlobalData.

Following the recent announcement of ConocoPhillips and PDVSA agreement over a $2bn legal arbitration that had led to the seizure of PDVSA assets in the Caribbean, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a data and analytics company, has offered his view on the impact on the upstream sector.

Spain’s total installed power capacity increased from 55.5 gigawatt (GW) in 2000 to 104.4GW in 2017 at a compound annual growth rate (CAGR) of 3.8% between 2000 and 2017, according to GlobalData, a leading data and analytics company. Growth is expected to continue, though at a lower CAGR of 1.8%, between 2018 and 2030, reaching 131.1 GW in 2030.

By the end of 2018, a total of 43 out of 55 African countries (or 78%) will offer 4G services, according to GlobalData. In spite of this, there are a few laggards, one of them being Mozambique – a country of nearly 30 million people. However, in late July 2018, Mozambique’s telecoms regulator finally announced that a 4G auction will take place in the next 2-3 months, meaning services would most likely come online in 2019.

The ‘race to 5G’ has moved beyond the telecoms industry and become a priority for governments around the world, but it remains unclear whether the end result will ultimately be worth the effort, according to GlobalData. The company’s latest report, ‘5G - Thematic Research’, states that the hype around 5G has been building for so long now that it can be easy to forget that it will not become widely commercially a...

In today’s digital economy, it is essential that companies of every size can collect, store and adequately protect customer data and proprietary secrets. Failure to do so will significantly damage a company’s brand and reduce the quality of the product it produces, with concomitant impact on revenues and profitability, according to GlobalData, a leading data and analytics company.

The global automobile industry, currently worth $3.5 trillion in annual revenues, could face four concurrent disruptive threats, according to GlobalData. These four include: the connected car, autonomous driving technology, electric vehicle technology and transport-as-a-service. Over the next five years, the auto industry is due for a radical reset as these unfolding industry mega-trends dislocate its legacy supply and value chains and reall...

  The recently announced merger between US mobile operator rivals T-Mobile and Sprint in an all-stock transaction valued at $26.5bn will be no slam dunk according to GlobalData. Getting regulatory approval will be the hardest part of this proposed transaction.

As the development of new applications continues and the focus of stakeholders to position the connectivity as an embedded componentwithin Internet of Things (IoT) solutions grows, connectivity revenue share of the total IoT market is expected to decline. As a result, telcos need to capture a large proportion of the revenue potential associated with IoT deployments, according to GlobalData.

At the recent Mobile World Congress, networking giant Cisco, rolled out a new networking and device management platform for IoT practitioners that promises to enable the creation of extremely large-scale deployments without breaking the bank. However, IoT at scale can be expensive in terms of delivering basic device interconnectivity and management costs.

  Half of all workers in the US will work remotely by 2020 as cities become more congested and workers demand more flexible working conditions. To drive this remote working future, 5G mobile internet will be needed, observed GlobalData, data and analytics company.

  Due to a lack of fixed connectivity services, Mali’s population of 17 million has seen a strong growth in mobile uptake over the years. Alpha Telecom’s long-awaited launch as the third mobile operator in Mali, under the brand Telecel, means that mobile subscriber penetration in Mali is expected to reach 138% in 2022, up from 127% in 2017, according to GlobalData, a data and analytics company.

According to data and analytics company GlobalData, VR often makes the headlines as a game changer in technology, but is actually a niche brand of technology with very limited applications for the wider business community. Josh Hewer, Technology Analyst at GlobalData commented: “VR is the total emersion within a virtual space that can often be sold as a form of escapism. However, the future will not be about escaping reality, but ...

GlobalData believe that UK residents and businesses located in rural areas should push for improved access to ultrafast broadband (with connectivity at 300 Mbps and above) and 5G services. One of the primary inhibitors to economic growth in the UK is the shortage of internet access services and lack of ultrafast broadband. It is also increasingly harder for consumers and businesses in rural areas to keep up with their urban neighbours.