Digital Trends to look out for in 2017

In Ireland today, nearly everyone has access to a smart device. A recent Deloitte report outlined how “86% of Irish consumers own or have access to a smartphone”. The report also highlights how glued we are to our devices for example, 7 out of 10 of Irish 18-24 year olds check their phones in the middle of the night. Our smartphone device is used as an easy entrance to the digital world around us. In this new GMR Data blog we are going to look at the way tech trends are evolving.

In a recent GMR Data report, figures indicate that revenues for the dermatology drug market will reach $83.2 billion in 2026 from a base of $31.6 billion in 2016.

The largest dermatology drug markets in 2016 include areas such as acne, worth $3.89 billion globally, skin infections ($6.59 billion), and skin cancer ($5.06 billion).

Read the rest of the blog here at marketresearch.com

GMR Data aim to produce the most in-depth and comprehensive report available on each subject. However due to the breadth of the industry, not every company nor every country, not every product nor every sub-sector can be included or analysed to the extent that every client would like. Therefore GMR Data now offer bespoke research to assist their clients with this. If you buy a GMR Data report and find that the information you require is not in the report, you should request our analysts to produce a dedicated research document exclusively for you.

Highlighted in a recent The Times article, in a somewhat counter intuitive move in the UK, ‘businesses will be paid to use more electricity for the first time next month, as National Grid launches a scheme designed to boost the flexibility of the nation’s power system.’

Personal technology is coming to the forefront of the health sector, allowing everybody greater access to their health information. What these tech companies, such as Apple, alongside traditional medical device manufacturers, are producing, will affect the health of millions of people worldwide.

The global smoking cessation market is going from strength to strength, globally, with ever increasing products coming to the market both prescription and over—the-counter (OTC). Most notable are the range of Vaping (e-cigarettes / smokeless cigarettes) products, a market which was estimated to be worth over $3bn across both 2013 and 2014. Where has this market come from?

As far as utilities goes Gas, Electric, Oil and telecommunications are more accessible and arguably more profitable than water. Water, both mains (drinking) and waste, is infrastructure heavy, historically a financial drain and a thankless task for national and regional governments /authorities. As ever increasing demands are placed on existing water infrastructure in the UK & Ireland, and EU governments are pushed towards the liberalisation of water supply, many stakeholders are looking at what improvements can be made. As many articles discuss mains (drinking) water issues I’m going to take the opportunity to look at wastewater.

The movement of electricity between European countries has been going on for decades; how likely is this to increase? Will the rising costs of fossil fuels push the EU towards renewables or will countries increase their ‘capacity’ via electricity imports?

Having lived in the North of England and more recently Ireland, two things they have in common is the large amount of rain fall; the North of England has, on average, 160 days of rain per year and the east coast of Ireland has 162. Ok, so far so wet, but why does this matter in the context of mains water supplies? 

Two key recurring faults I find, when working in the research industry, is confirmation bias and making assumptions based on lack of data.