Omdia forecasts global music sales will reach $53bn by 2028 with China ascending the rankings
Omdia predicts a continuous rise in global retail-music sales, with growth this year marking the tenth consecutive annual increase. By the end of the forecast period, the number of years of growth will equal the total of annual declines ...
Read MoreOmdia: serverless computing, valued at $19bn is the fastest-growing cloud service
New analysis from Omdia's Cloud Software & Services Intelligence Service shows that serverless computing has now reached $19bn with public cloud hyperscalers taking the largest share of this market.
Read MoreOmdia: AMOLED shipments to exceed TFT LCDs in the smartphone display market in 2024
AMOLED technology is on a steady rise in the smartphone display market with shipments expected to surpass those of TFT LCDs in 2024, according to Omdia’s latest research.
Read MoreYouTube and Instagram redefine video service popularity in 2024 finds Omdia
New Omdia research has found that YouTube continues to dominate as the most popular video service globally, while Instagram has surged ahead of Netflix and TikTok in the USA, establishing itself as the second most popular video service a...
Read MoreOmdia research finds weak demand leads to declining quarter for semiconductor market
In the first quarter of 2024, the semiconductor market experienced approximately 2% decline falling to $151.5bn according to Omdia’s new Competitive Landscaping Tool.
Read MoreOmdia: Mini LED backlight LCD display expected to surpass OLED display in 2025
According to the latest Omdia Mini LED Backlight Market Tracker, LCD TV display equipped with mini-LED backlight unit will be reaching 6.2 million units in 2024.
Read MoreOmdia predicts NB-IoT and LoRaWAN to drive LPWAN connections beyond 3.5 billion by 2030
Omdia's latest research has found that the Low Power Wide Area Network (LPWAN) IoT connections landscape is overwhelmingly dominated by NB-IoT and LoRa, which together accounted for 87% of total connections in 2023.
Read MoreOmdia research predicts data center cooling market to reach $16.87 billion in 2028
The data center thermal management market has surged to $7.67 billion, driven by AI demands and high-density infrastructure innovations, and is expected to grow at a robust CAGR of 18.4% until 2028, according to Omdia.
Read MoreOmdia projects 124% growth in generative AI software market for 2024 as enterprises explore potential
Generative AI software revenue is projected to grow at a 53% CAGR, reaching $58 billion by 2028, with a revised growth rate of 124% for 2024, according to Omdia’s latest forecast.
Read MoreOmdia reports booming demand for low-end smartphones priced under $150
According to the latest Omdia report, low-end smartphones under $150 saw the fastest growth, increasing by 33% to 120 million units in 1Q24. Ultra-low-cost phones priced at $90 or less grew by 87%, reaching 34 million units.
Read MoreOmdia: AWS dominated $57 billion global cloud storage services market in 2023
The global cloud storage services market generated $57 billion in 2023, with AWS leading at 30% market share, followed by Microsoft, Google, and Alibaba according to Omdia's latest analysis.
Read MoreOmdia: OLED materials market will resume the growth to reach over $2bn in 2024
Omdia’s latest report reveals a promising rebound for the global OLED materials market, projecting it to surpass $2bn in 2024. highlighting a positive shift after a recent downturn.
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