Articles from Omdia

The network security market grew 5.1% year-over-year (YoY) in Q4 2024 and 3.1% for the full year according to Omdia’s market estimates and forecast through to 2029. Palo Alto Networks retained its position as the market leader with a 28.4% share in 2024, driven by steady demand for security appliances and higher adoption of software and SASE components.

2024 marked a record-breaking year for the semiconductor market with annual revenue surging approximately 25% to $683 billion according to Omdia’s Competitive Landscaping Tool. The sharp rise was attributed to strong demand for AI-related chips, particularly high bandwidth memory (HBM), used in AI GPUs, which contributed to a 74% year-over-year growth in the memory segment. The rebound in memory helped lift the overall market after a challenging 2023.

According to the latest report from Omdia’s Automotive Display Intelligence Service, global automotive display panel shipments reached 232 million units in 2024, reflecting a 6.3% year-on-year growth. This increase was primarily driven by the growing demand for advanced cockpit displays, particularly in China, where head-up displays (HUDs), passenger displays, and room mirrors have gained strong momentum. The expansion of electric vehicles (EVs), coupled with government policies supporting local supply chains, has further accelerated market growth.

The market for flat panel display (FPD) glass is expected to face significant supply constraints during 2025 according to the latest analysis from Omdia. Leading glass makers including Corning, AGC, and NEG have historically engaged in intense price competition, prioritizing market share expansion. However, over the past several years, the combination of rising energy costs and sustained price declines has caused them to shift their focus toward improving profitability, leading to strategic production adjustments.

According to Omdia, online consumer spending is set to reach $4.4 trillion in 2025, with the U.S. contributing $1.4 trillion. By 2029, this figure will surge to $6.6 trillion, with the U.S. accounting for $2 trillion of total online expenditure.

AMOLED display shipments for smartphones continued to rise in 2024, surpassing TFT LCD shipments and driven by strong demand for flexible AMOLEDs, according to Omdia’s latest OLED Display Market Tracker.

For the first time, Netflix is set to overtake YouTube in total video revenue in 2025, according to exclusive Omdia research presented at MIP TV London 2025.

New data from Omdia reveals that the global TV sets market experienced a strong surge in 4Q24, with OLED (Organic Light-Emitting Diode) technology leading significant unit growth. OLED TV shipments reached 2 million units, marking the highest quarterly sales since 4Q22 and recorded an impressive 12.6% year-over-year (YoY) growth.

Recent research from Omdia reveals that global IT budgets are projected to reach $12 trillion by 2031, with $8.2 trillion representing IT investment opportunities. The remaining $3.8 trillion will be allocated to staff costs and other operational expenses.

Wards Intelligence’s Software-Defined Vehicle (SDV) ranking, now part of Omdia, reveals that while Tesla still holds the overall lead, it has been surpassed in technological innovation by NIO and Xiaomi, which now occupy second and third place, respectively. The SDV concept represents a paradigm shift that has proven more complex than initially anticipated—particularly for established Western OEMs— but is advancing rapidly in China.

The global mobile virtual network operator (MVNO) market is set for steady growth over the next few years, with the number of subscriptions worldwide increasing at a CAGR of 3.6% between the period from 2023 to 2029, according to new forecasts by Omdia.

Please replace the release issued February 3, 2025 with the following corrected version due to multiple revisions.

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 almost three-quarter (74%) of respondents confirming increases to their overall budget allocated to enterprise IT in 2023, compared to 62% in 2022.

Despite macroeconomic uncertainty and cost-cutting pressures, investment in technology continues to be of the highest priority for the financial services industry. Omdia’s Financial Services Spotlight Service finds almost eight in ten financial institutions across banking, financial markets, insurance and payment issuers/acquirers and will increase their IT budgets for 2023-2024 (versus six in ten during 2022-2023) and more than half predict double digit growth in their IT spend.

Results from the new Omdia - Future of Work study has found that as work styles continue to diversify, 57% of HR and IT leaders report that employee satisfaction at work has improved. The study also shows that employees are less satisfied at work when a return to the office is mandated.

Despite global economic uncertainty, the outlook for enterprise IT vendors continues to look positive in 2023. According to Omdia’s annual IT Enterprise Insights research, nearly two-thirds (62%) of respondents are expecting an increase in IT spending this year.

With the increased use of cloud services, application developers are building cloud native applications that exploit the scalability, flexibility and reliability of what the cloud offers. Cloud Native Computing (CNC) has become a competitive advantage for companies. According to the latest Omdia Cloud Native Computing Report, the dollar value of this market is expected to triple over 2021-2026.

Organizations have rapidly accelerated efforts to deliver a modern, mobile and digitally enabled workplace according to the latest Omdia - Future of Work suite of reports. The results highlight that for many, this may mean revisiting their existing vendor relationships, as 73% of businesses report they are reconsidering their existing digital provider partnerships; moreover, this figure increases to 81% for organizations with 10,000 employees and above.

Global research and advisory firm, Omdia, today unveils its Data Center Thermal Management and Sustainability Intelligence Service. The new annual service offers technology manufacturers, vendors and service providers comprehensive insight and analysis of sustainable data center practices and strategies, with a focus on new technologies such as liquid cooling and energy storage.

Following the global pandemic which caused large-scale workplace disruption, businesses must understand their digital transformation priorities if they are to succeed in the new world, according to Omdia’s newly-released Digital Workplace report. The new insight has been prepared by Omdia’s Digital Workplace Practice for Enterprise Connect 2022 and provides significant analysis on upcoming enterprise trends.

A ground-breaking survey by research group Omdia showed that within the next four years data center operators will deploy uninterruptible power supplies (UPS) which are able to interact with the electric grid and support essential energy-management initiatives.

Fifty percent of enterprises believe they are well advanced in the shift to sustainable IT according to Omdia’s ninth IT Enterprise Insights Report. Sustainable IT, becoming more critical in 2022, as well as over the coming decade, was identified as a key investment area by climate-conscious senior IT executives interviewed for Omdia’s annual survey.

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Competition in the market for high-performance semiconductors targeting data center workloads is red hot according to the latest Data Center Server Market Tracker from research group Omdia.

The pandemic has changed technology priorities for organizations worldwide finds a report from research group Omdia on the future of work. The top two enterprise priorities are now cyber security (58%) and hybrid working (55%), with customer experience, business processes and better empowering frontline workers tied in third place at 49%.

The Identity authentication access market is set to grow by 13.4% in revenues in 2021 reaching $28.5bn, according to Omdia’s latest Identity Authentication Access Market Tracker. By 2025 the IAA market is projected to increase to $49.5bn, representing a CAGR of 14.9%.