74% of Enterprise IT Budgets are Increasing, Driving Business Growth
Omdia’s tenth annual IT Enterprise Insights study has revealed that IT has become one of the main drivers of value to an enterprise, with 74% of respondents reporting increased budgets for enterprise IT in 2023, up from 62% in 2022.
Read MoreOmdia: Chinese Manufacturers are Shaping the Competitive Landscape in Foldable Phone and Display
2023 saw the launch of 18 foldable phones, predominantly by Chinese smartphone makers, with 13 utilizing foldable phone displays from Chinese OLED manufacturers, as per Omdia's Smartphone Display Intelligence Service.
Read MoreOmdia: AI demand leads semiconductor revenue growth, but other segments improving, too
Led by continued demand for AI, the total semiconductor industry grew 8.4% in 3Q23 from 2Q23 hitting $139bn according to Omdia’s latest Competitive Landscape Tracker.
Read MoreOmdia: Display fab utilization is set to decrease to 70% in 4Q23 to prevent faster LCD TV display price erosion
As demand and panel makers’ efforts on LCD panel price protection slows down, display fabs’ overall utilization are expected to drop below 70% in 4Q23, according to Omdia's latest Display Production & Inventory Tracker.
Read MoreOmdia: AI to surpass next gen semiconductors in the electric vehicle revolution
Decades old norms are being challenged in the power semiconductor industry as Omdia predicts an explosion in novel semiconductors due to the electric vehicle (EV) revolution. Callum Middleton, Senior Analyst in Omdia's semiconductor comp...
Read MoreOmdia: UAE tops Omdia’s inaugural Middle East recorded-music opportunity index
The UAE has come top in Omdia’s inaugural Middle East opportunity index for recorded-music sales. The country ranked highly for several factors, including payments, mobile and smartphone population penetration, and service availability.
Read MoreOmdia: FAST’s top five channels in US drive 20% total consumption
New research from Omdia has revealed that Free Ad-Supported Television (FAST)'s growth in the US is being powered by a small number of players with the top five channels accounting for more than 20% of monthly consumption.
Read MoreOmdia partners with GDC and GameDeveloper.com to create ground-breaking game developer survey platform
In partnership with Informa Tech sibling companies GDC and GameDeveloper.com, Omdia has announced the launch of the Game Developer Collective, a first-of-its-kind community of game developers selected to participate in surveys on the key...
Read MoreOmdia: Global smartphone shipment decline slows as many manufacturers see a return to growth
Omdia's smartphone preliminary shipment report has revealed that global smartphone shipments totaled 301.6 million units in 3Q23 – a 0.7% decrease compared to 3Q22 but 13.4% increase compared to the previous quarter.
Read MoreOmdia: Online video on the cusp of a new stage of market evolution
Following a decade of cord-cutting, that has seen pay-TV subscribers churning to paid online video services, Omdia expects 2024 to bring a new stage of market evolution, with users of paid online video services moving to free online video.
Read MoreOmdia: Softening FPD supply/demand to recover from spring 2024 on market rebound
The large-area LCD and OLED supply-to-demand glut ratio declined dramatically in 2023 from an excessively high 26.7% in 1Q23 to a relatively healthy 13.7% in 3Q23, but new Omdia data has found that demand is now softening and the glut ra...
Read MoreOmdia research projects game subscriptions revenue to surpass $22 billion by 2027
Following unprecedented growth in 2020 and 2021, games subscriptions plateaued in 2022 in line with broader market trends. However, a resurgence is anticipated in 2023, with a projected 10.9% growth, reaching $16bn.
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