Increase in the adoption of big data analytics software by various organizations to facilitate enhanced & faster decision-making, surge in need for faster data processing, and rise in need to gain better insights for business planning drive the growth of the global Big Data Analytics in Semiconductor & Electronics Market. Implementation of lockdown by governments in majority of the countries during the pandemic had a negative impact on the market.
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Based on component, 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 user, 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 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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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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