Latest news with #Omdia
Globe and Mail
5 hours ago
- Automotive
- Globe and Mail
Omdia Forecasts Cellular IoT Connections to Reach 5.1 Billion by 2030
The cellular IoT market is set for dramatic expansion over the next six years, with connections projected to reach 5.1 billion by 2030, according to new research from Omdia. This press release features multimedia. View the full release here: Cellular IoT connections by region 2021-30 This comprehensive study reveals how 5G technologies are fundamentally transforming the cellular IoT landscape, with three key technologies emerging as primary growth drivers: 5G RedCap, 5G Massive IoT, and 4G LTE Cat-1bis modules. 5G RedCap: The Mid-Tier Connectivity Solution The research identifies 5G RedCap as a particularly significant development, with adoption expected to accelerate from 2025 onward. RedCap is positioning itself as the ideal mid-tier connectivity solution for 5G devices that don't require the premium specifications of Ultra-Reliable Low Latency Communications (uRLLC) or Enhanced Mobile Broadband (eMBB). RedCap also delivers essential futureproofing benefits as the industry prepares for the gradual phase-out of 4G networks beyond 2030. Despite these advantages, the research notes that RedCap adoption has experienced slower initial deployment than originally anticipated. "We are beginning to see 5G SA rollouts accelerate again after a brief period of slowdowns, which has delayed 5G RedCap mass adoption by a couple of years," explains Alexander Thompson, Senior Analyst for IoT at Omdia. "We are also seeing the first devices emerge on the market in the US, starting the transition of mid-tier connectivity from 4G to 5G." Asia & Oceania Leading Global IoT Growth Omdia's latest research reveals that the Asia & Oceania region will contribute over 67% of worldwide IoT module shipments, representing approximately 80% of total IoT connections in 2024. The automotive industry has emerged as a significant catalyst in this growth trajectory, primarily driven by increasing consumer demand for intelligent vehicles with integrated 5G connectivity features. "The dominance of the Asia & Oceania region in the IoT market cannot be overstated," notes Andrew Brown, Practice Lead, IoT at Omdia. "With 80% of total IoT connections concentrated in this region, we're witnessing a significant shift in global technology leadership that will shape IoT innovation and deployment strategies for years to come.' This substantial regional concentration underscores Asia & Oceania's pivotal role in shaping global IoT deployment strategies and highlights the region's technological leadership in connected device ecosystems. Omdia's Cellular IoT Market Tracker 2021-2030 highlights the latest trends in the cellular IoT market, providing key analysis by region, air interface and application of module shipments, module revenues, connections (installed base) and connectivity revenues. ABOUT OMDIA Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients' strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.
Yahoo
6 hours ago
- Automotive
- Yahoo
Omdia Forecasts Cellular IoT Connections to Reach 5.1 Billion by 2030
LONDON, July 16, 2025--(BUSINESS WIRE)--The cellular IoT market is set for dramatic expansion over the next six years, with connections projected to reach 5.1 billion by 2030, according to new research from Omdia. This comprehensive study reveals how 5G technologies are fundamentally transforming the cellular IoT landscape, with three key technologies emerging as primary growth drivers: 5G RedCap, 5G Massive IoT, and 4G LTE Cat-1bis modules. 5G RedCap: The Mid-Tier Connectivity Solution The research identifies 5G RedCap as a particularly significant development, with adoption expected to accelerate from 2025 onward. RedCap is positioning itself as the ideal mid-tier connectivity solution for 5G devices that don't require the premium specifications of Ultra-Reliable Low Latency Communications (uRLLC) or Enhanced Mobile Broadband (eMBB). RedCap also delivers essential futureproofing benefits as the industry prepares for the gradual phase-out of 4G networks beyond 2030. Despite these advantages, the research notes that RedCap adoption has experienced slower initial deployment than originally anticipated. "We are beginning to see 5G SA rollouts accelerate again after a brief period of slowdowns, which has delayed 5G RedCap mass adoption by a couple of years," explains Alexander Thompson, Senior Analyst for IoT at Omdia. "We are also seeing the first devices emerge on the market in the US, starting the transition of mid-tier connectivity from 4G to 5G." Asia & Oceania Leading Global IoT Growth Omdia's latest research reveals that the Asia & Oceania region will contribute over 67% of worldwide IoT module shipments, representing approximately 80% of total IoT connections in 2024. The automotive industry has emerged as a significant catalyst in this growth trajectory, primarily driven by increasing consumer demand for intelligent vehicles with integrated 5G connectivity features. "The dominance of the Asia & Oceania region in the IoT market cannot be overstated," notes Andrew Brown, Practice Lead, IoT at Omdia. "With 80% of total IoT connections concentrated in this region, we're witnessing a significant shift in global technology leadership that will shape IoT innovation and deployment strategies for years to come." This substantial regional concentration underscores Asia & Oceania's pivotal role in shaping global IoT deployment strategies and highlights the region's technological leadership in connected device ecosystems. Omdia's Cellular IoT Market Tracker 2021-2030 highlights the latest trends in the cellular IoT market, providing key analysis by region, air interface and application of module shipments, module revenues, connections (installed base) and connectivity revenues. ABOUT OMDIA Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients' strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward. View source version on Contacts Fasiha Khan –
Business Wire
6 hours ago
- Automotive
- Business Wire
Omdia Forecasts Cellular IoT Connections to Reach 5.1 Billion by 2030
LONDON--(BUSINESS WIRE)--The cellular IoT market is set for dramatic expansion over the next six years, with connections projected to reach 5.1 billion by 2030, according to new research from Omdia. "We are beginning to see 5G SA rollouts accelerate again after a brief period of slowdowns, which has delayed 5G RedCap mass adoption by a couple of years," explains Alexander Thompson, Senior Analyst for IoT at Omdia. Share This comprehensive study reveals how 5G technologies are fundamentally transforming the cellular IoT landscape, with three key technologies emerging as primary growth drivers: 5G RedCap, 5G Massive IoT, and 4G LTE Cat-1bis modules. 5G RedCap: The Mid-Tier Connectivity Solution The research identifies 5G RedCap as a particularly significant development, with adoption expected to accelerate from 2025 onward. RedCap is positioning itself as the ideal mid-tier connectivity solution for 5G devices that don't require the premium specifications of Ultra-Reliable Low Latency Communications (uRLLC) or Enhanced Mobile Broadband (eMBB). RedCap also delivers essential futureproofing benefits as the industry prepares for the gradual phase-out of 4G networks beyond 2030. Despite these advantages, the research notes that RedCap adoption has experienced slower initial deployment than originally anticipated. "We are beginning to see 5G SA rollouts accelerate again after a brief period of slowdowns, which has delayed 5G RedCap mass adoption by a couple of years," explains Alexander Thompson, Senior Analyst for IoT at Omdia. "We are also seeing the first devices emerge on the market in the US, starting the transition of mid-tier connectivity from 4G to 5G." Asia & Oceania Leading Global IoT Growth Omdia's latest research reveals that the Asia & Oceania region will contribute over 67% of worldwide IoT module shipments, representing approximately 80% of total IoT connections in 2024. The automotive industry has emerged as a significant catalyst in this growth trajectory, primarily driven by increasing consumer demand for intelligent vehicles with integrated 5G connectivity features. "The dominance of the Asia & Oceania region in the IoT market cannot be overstated," notes Andrew Brown, Practice Lead, IoT at Omdia. "With 80% of total IoT connections concentrated in this region, we're witnessing a significant shift in global technology leadership that will shape IoT innovation and deployment strategies for years to come.' This substantial regional concentration underscores Asia & Oceania's pivotal role in shaping global IoT deployment strategies and highlights the region's technological leadership in connected device ecosystems. Omdia's Cellular IoT Market Tracker 2021-2030 highlights the latest trends in the cellular IoT market, providing key analysis by region, air interface and application of module shipments, module revenues, connections (installed base) and connectivity revenues. ABOUT OMDIA Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients' strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.
Syyaha
2 days ago
- Business
- Syyaha
Hisense Tops Global Rankings in Q1 2025 for MiniLED, 100-Inch+, and Laser TVs
Riyadh, Saudi Arabia, 14 July 2025 – Hisense, a leading brand in global consumer electronics and home appliances, continues to reinforce its leadership in premium display technology. According to Omdia's Q1 2025 data, Hisense ranked No.1 worldwide in MiniLED TVs, 100-inch and over TV segment, and Laser TVs. Hisense led the 100-inch+ TV market with a 56.7% global volume share, ranking No. 1 in 2023, 2024, and Q1 2025. In MiniLED TVs, Hisense rose to the top with a 29.3% share, reflecting rapid growth and consumer trust in its backlight innovations. Hisense also retained its lead in the Laser TV market, with a commanding 69.6% share, continuing its global dominance after ranking No.1 for consecutive six years, based on Omdia data. This strong performance reflects Hisense's long-term commitment to large-screen innovation, AI-powered imaging, and immersive audio-visual experiences. Hisense recently launched the 'Own the Moment' campaign as part of its global sponsorship of the FIFA Club World Cup 2025™, reinforcing its visibility on the international stage. The campaign aligns Hisense's cutting-edge technology with the passion of global sports audiences. Hisense has also partnered with French audio expert Devialet to enhance sound performance across its latest products, delivering a richer and more immersive home entertainment experience. These audio enhancements will be available via software update, with availability depending on specific models and regions. With a commitment to technological excellence and user value, Hisense is well-positioned to maintain its momentum in 2025 and beyond.
Business Wire
09-07-2025
- Business
- Business Wire
Omdia: Vizio CastOS and Amazon FireTV Gain Strong Momentum in North American TV Operating System
LONDON--(BUSINESS WIRE)--New data from Omdia has revealed notable momentum for two key TV operating system platforms in the North American TV Sets market during 1Q25. Vizio CastOS showed significant growth shipping 1.2 million units, an increase of 40.4% year-over-year (YoY). In parallel, Amazon FireTV sets increased by 21.5% year YoY to reach 1.2 million units. Overall North American TV set shipments reached 9.8 million units, representing a modest 0.55% YoY growth. Globally, TV set shipments increased by 2.4% YoY to 47.5 million units, with Latin America showing the fastest growth rate (up 9.17% YoY), followed by China (up 3.25% YoY). According to Omdia's latest TV Design and Features Tracker - Forecast - 1Q25, the competition in the TV market is increasingly focused not only on hardware features but also the battle between operating system platforms. The North American market is uniquely positioned, with major retailers now actively investing in owning and controlling TV operating systems. Companies such as Amazon and Walmart view TV OS platforms as strategic tools to deliver targeted advertising directly into consumers' living rooms, driving further ecommerce sales on their respective platforms. Walmart made headlines with its acquisition of Vizio, announced in February 2024, and finalized in December of that year. Following the acquisition, Walmart has aggressively expanded sales of Vizio TVs with the company recently announcing their intention to introduce the VIZIO operating system on Walmart's onn TVs. Omdia forecasts Vizio CastOS to grow by 25.8% YoY for the full year of 2025, reaching 6.0 million units, up from 4.8 million in 2024. Patrick Horner, Practice Leader, TV Set Research at Omdia commented, 'We forecast that Vizio CastOS will reach a 12.0% unit share of the North American market by the end of 2025, up from 9.7% in 2024. During the same period of 2025 Amazon FireTV is projected to maintain a slight edge above Vizio CastOS with a 12.6% market share, rising from 12.3% in 2024.' In the first quarter of 2025, the average selling price of Vizio TVs declined 9.6% to $227, compared to $251 in 1Q24. In contrast, the overall selling price for TVs in North America increased by 2.0% over the same period, from $401 in 1Q24 to $409 in 1Q25. With 29% of US TV consumers ranking price as the most important factor when purchasing a TV, Walmart's well-established value-driven strategy is effectively leveraging price leadership to expand Vizio CastOS' unit share. Horner added, 'Retailer owned TV brands are beginning to challenge traditional TV manufacturers in the value-priced $200-300 segment. Walmart's Onn brand and Vizio TV have increasingly competitive pricing, putting pressure on established market players. Meanwhile, Chinese TV set manufacturers such as TCL and Hisense are strategically shifting their focus toward more premium segments priced at $1,000 and above. They are ramping up mass production of extra-large LCD TV sets, supported by advanced technologies like Mini-LED backlights and quantum dots to deliver enhanced picture quality.' Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a leading technology research and advisory group. With deep expertise in technology markets, grounded in insightful conversations with industry leaders and supported by hundreds of thousands of data points, Omdia's strategic market intelligence is our clients' competitive advantage. From R&D to ROI, we identify the most promising opportunities to drive the industry forward.
