Welcome to our dedicated page for Techtarget news (Ticker: TTGT), a resource for investors and traders seeking the latest updates and insights on Techtarget stock.
News for TechTarget, Inc. (Informa TechTarget) (Nasdaq: TTGT) centers on its role in B2B technology markets and the activities of its research and advisory group, Omdia. Company communications describe Informa TechTarget as a growth accelerator for the B2B technology sector, supported by technology-specific digital properties, permissioned first-party audiences, and intent data. Omdia, part of Informa TechTarget, publishes research and analysis across multiple technology domains, and these findings frequently appear in press releases.
Visitors to this news page can expect coverage of Omdia’s market research on areas such as semiconductors, smartphones, PCs, cloud infrastructure services, wearable audio devices, and media and entertainment. These releases typically summarize key market metrics, growth trends, vendor rankings, and segment performance, while also highlighting Omdia’s interpretation of how technology markets are evolving.
In addition to research-focused content, the news flow includes corporate announcements from Informa TechTarget itself. Recent examples include recognition for Omdia in industry awards, participation by Informa TechTarget executives in investor conferences, and descriptions of the company’s positioning as a growth accelerator for technology buyers and sellers. Such items provide context on how the company presents its capabilities and its engagement with clients and investors.
For investors, analysts, and technology professionals, following TTGT news offers insight into how Informa TechTarget and Omdia characterize developments in key technology markets and how the company communicates its own strategy, recognition, and investor outreach. This page aggregates those updates so readers can review the latest publicly released information in one place.
Foxconn is projected to become the world's largest server vendor in 2024, surpassing Dell and marking the first time a non-US company leads the market. This growth is driven by increasing demand for AI-optimized servers from major cloud providers like Microsoft, Amazon, Google, and Meta, who will represent nearly half of 2024's data center capex.
Other vendors including QCT, ZT Systems, and Super Micro have seen revenue growth exceeding 100%. The server market is highly consolidated, with 10 companies representing nearly 60% of global investment. Omdia forecasts server capex to grow 22% to over $280 billion in 2025, potentially reaching $380 billion by 2028 and approaching half a trillion dollars by 2030.
The global semiconductor market demonstrated robust growth in Q3 2024, with revenues reaching $177.8 billion, an 8.5% increase from Q2 and a 25% year-over-year growth. The industry is on track for a 24% annual expansion, primarily driven by AI-related demand. The first three quarters of 2024 saw a 26% revenue increase compared to 2023, totaling approximately $494 billion.
NVIDIA and SK Hynix have emerged as major beneficiaries of the AI surge, being the only companies among 127 analyzed to more than double their revenue. However, growth remains uneven across sectors, with the industrial segment facing a projected 16% decline in 2024. The automotive sector has stabilized, while memory markets show improvement with Samsung, SK Hynix, and Micron ranking in the top six. NVIDIA maintains the leading position with over 15% market share.
Virtual Reality (VR) market faces significant challenges as headset sales dropped 10% to 6.9 million units in 2024 from 7.7 million in 2023, according to Omdia's latest research. The number of active VR headsets declined 8% to 21.9 million, with Apple Vision Pro's launch failing to revitalize the market and Meta's Quest 3S showing underwhelming sales.
VR content spending reached $904 million in 2024, projected to grow to $1.3bn by 2029, significantly lower compared to console gaming's $37.4 billion. The market outlook remains challenging, with developer interest and declining consumer engagement. Manufacturers are now shifting focus towards lightweight AR glasses with AI integration, hoping to normalize face-based spatial computing for future mass-market VR adoption.
Quantum Computing (QC) market is expected to experience significant growth in 2025, according to Omdia's analysis. Despite having over 300 vendors, the market remains nascent with revenue primarily from experimental usage. Omdia predicts a shift from experimentation to operational implementation starting 2025, marking a important turning point in vendor revenue growth.
The report highlights four key trends for 2025: transition from experimental to production use, acceleration in neutral atom qubit innovation, emergence of additional QC app stores following IBM's September 2024 launch, and increased vendor consolidation. While achieving full 'quantum advantage' remains a long-term goal, Omdia anticipates growing adoption across various applications before reaching large-scale, fault-tolerant quantum computing capabilities.
OLED display shipments are projected to reach a historic milestone of over 1 billion units in 2025 for small to medium-sized displays (1-inch to 8-inch). This growth is driven by OLED's superior performance over LCD in color saturation, slimness, weight, flexibility, and contrast.
The technology's expansion is supported by Chinese manufacturers like BOE, ChinaStar, EverDisplay, Visionox, and Tianma, alongside Korean leaders Samsung Display and LG Display. Applications span across smartphones, game consoles, AR/VR/MR headsets, automotive displays, and smartwatches.
While OLED is expected to enjoy a 'golden era,' emerging technologies like Micro LED displays from manufacturers such as AUO and Tianma may eventually challenge its dominance in the market.
Programming spend is projected to grow 5.3% to reach $206 billion globally in 2025, following a challenging 2024, with North America leading at 6.7% growth. The research highlights the rising significance of Free Ad-Supported Streaming TV (FAST) platforms, with major players like Samsung TV Plus (200M monthly users), Roku (140M), and Pluto TV (80M) expanding globally.
These platforms are evolving from library content to original productions, creating new opportunities for content creators. Hardware companies like Samsung and LG are driving innovation through exclusive FAST channels and collaborations. The trend includes strategic partnerships, such as Amazon's collaboration with Samsung TV Plus for The Rings of Power, demonstrating the growing importance of original content in driving subscriptions.
Informa TechTarget has been officially formed through the combination of TechTarget and Informa Tech's digital businesses. The new entity, trading under TTGT on Nasdaq, aims to be the leading B2B growth accelerator for the technology industry. The company serves 7,500 customers worldwide with over 2,000 employees, targeting a $20 billion annual market opportunity in tech and B2B marketing.
As part of the deal, Informa PLC contributed $350 million cash ($11.70 per TechTarget share) and its Tech Digital Businesses for a 57% stake, while existing TechTarget shareholders retain 43% equity. Gary Nugent, former Informa Tech CEO, will lead the combined company.
Informa TechTarget has been officially formed through the combination of TechTarget and Informa Tech's digital businesses. The new company will trade on Nasdaq as TTGT starting December 3, 2024. With over 2,000 employees serving 7,500 customers worldwide, it operates in a $20 billion annual market opportunity at the intersection of tech and B2B marketing. The company features 750+ content experts, 220+ digital editorial brands, and reaches 50 million B2B Tech professionals. Informa PLC contributed $350 million cash and digital businesses for a 57% stake, while existing TechTarget shareholders retain 43% and receive $11.70 per share.
TechTarget's Computer Weekly Editor-in-Chief Bryan Glick has been awarded 2024 B2B Editor of the Year and Editor's Editor of the Year by The British Society of Magazine Editors. The recognition stems largely from the publication's extensive coverage of the British Post Office Scandal, which has led to over 700 wrongful convictions being overturned. Under Glick's 15-year leadership, Computer Weekly has published more than 500 articles on the scandal since 2009. This award adds to an impressive list of recent accolades, including The Orwell Special Prize and recognition from the UK Association of Online Publishers.
TechTarget (TTGT) shareholders have approved the previously announced merger with Informa Tech's digital businesses at a Special Meeting of Stockholders on November 26, 2024. The transaction, expected to close on December 2, 2024, will create a new holding company called New TechTarget, which will continue trading on Nasdaq under the ticker symbol 'TTGT'. The combination aims to establish a leading global B2B growth accelerator.
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