According to the report published by Allied Market Research, the global big data analytics in the semiconductor & electronics market generated $18.7 billion in 2021, and is projected to reach $47.2 billion by 2031, growing at a CAGR of 9.9% from 2022 to 2031.
The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape.
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Rise in adoption of big data analytics software by multiple organizations, growth in demand for cloud-based big data analytics software, and various benefits provided by big data and business analytics solutions propel the growth of the global big data analytics in semiconductor & electronics market.
However, high implementation cost and lack of skilled labors restrict the market growth. On the other hand, emerging trends such as social media analytics, surge in need to gain insights for business planning, and advanced process control analytics applications and trends in semiconductor manufacturing create new opportunities in the next few years.
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Based on components, the software segment held the dominating market share in 2021, holding more than three-fifths of the global big data analytics in semiconductor & electronics market, and is expected to maintain its leadership status during the forecast period. The services segment, on the other hand, is expected to cite the fastest CAGR of 11.1% during the forecast period.
Based on end users, the electronics segment held the dominating market share in 2021, holding more than two-thirds of the global big data analytics in semiconductor & electronics market, and is expected to maintain its leadership status during the forecast period. The semiconductor segment, on the other hand, is expected to cite the fastest CAGR of 12.4% during the forecast period.
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Based on application, the customer analytics segment held the dominating market share in 2021, holding one-fourth of the global big data analytics in semiconductor & electronics market. The supply chain analytics segment, on the other hand, is expected to maintain its leadership status during the forecast period and is likely to cite the fastest CAGR of 12.7% during the forecast period.
Based on region, the market across North America held the dominating market share in 2021, holding nearly two-fifths of the global big data analytics in semiconductor & electronics market. The Asia-Pacific region, on the other hand, is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 12.2% during the forecast period.
The key players analyzed in the global big data analytics in semiconductor & electronics market report include Amazon Web Service Inc., Cisco Systems, Inc., Dell EMC, Galaxy Semiconductor Inc., International Business Machines Corporation, Kx Systems, Inc., Microsoft Corporation, Onto Innovation Inc., OptimalPlus Ltd., Qualtera Inc.
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The report analyzes these key players in the global big data analytics in semiconductor & electronics market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
COVID-19 Scenario:
- The COVID-19 pandemic had a negative impact on the growth of the global big data analytics in semiconductor & electronics market due to the presence of severe lockdowns restrictions as imposed by the governments of various countries around the globe.
- Lockdowns resulted in the shutdown of travel across the world to prevent the transmission of virus, which adversely affected the supply chains of several electronics & semiconductor companies.
- Large-scale closure of manufacturing facilities of electronics, shortage of skilled workforce and essential raw materials due to social distancing restrictions further aggravated the impact on the market.
- However, the market is expected to recoup soon.
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