IDC

A new report from research firm IDC has revealed the normalization of memory applications and inventory levels, driven by a stabilizing device market and the demand for AI training and inference in data centers during the first quarter of 2024.

The results benefited from a favorable comparison to the prior year's quarter and were driven by product refreshes from many top vendors and a replacement cycle combined with inventory replenishment.

The preliminary market results showed that Samsung captured the top position in 2Q24 with 18.9% share of shipments, thanks to a strategic focus on its flagships and a strong AI strategy.

The traditional PC market delivered its second quarter of growth following seven consecutive quarters of decline.

IDC forecasts worldwide public cloud services revenue will surpass $800 billion in 2024, an increase of 20.5% over 2023 with a similar increase expected in 2025.

The wearables market began 2024 with a growth spurt as global shipments of wearable devices grew 8.8% year over year in the first quarter (1Q24) to 113.1 million units, according to new data from IDC.

After more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to research firm IDC.

IDC defines smart vacuums as robotic vacuums capable of cleaning autonomously and designed for home use.

After two years of decline, the worldwide traditional PC market returned to growth during the first quarter of 2024 with 59.8 million shipments, growing 1.5% year over year, according to analyst firm IDC.

Even though both HP and Lenovo’s share grew especially in the commercial segment, Acer remained unhinged at the top with consistent demand coming from the consumer segment.