Big Data Analytics in Semiconductor & Electronics Market to Reach $31.80 Bn, Globally, by 2027 at 8.6% CAGR: Allied Market Research

Rise in adoption of big data analytics software by multiple organizations, growth in demand for cloud-based big data analytics software propel the growth of the global market

News provided by

Allied Market Research

Nov 18, 2020, 08:15 ET

PORTLAND, Ore., Nov. 18, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Big Data Analytics in Semiconductor & Electronics Market by Component (Software and Services), End User (Semiconductor and Electronics), Analytics Tool (Dashboard & Data Visualization, Data Mining & Warehousing, Self-service Tools, Reporting, and Others), and Application (Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Workforce Analytics, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global big data analytics in semiconductor & electronics industry garnered $16.70 billion in 2019, and is projected to generate $31.80 billion by 2027, growing at a CAGR of 8.6% from 2020 to 2027.

Prime determinants of growth

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.

Download Report Sample (150 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/7941

Covid-19 Scenario

Increase in number of COVID-19 patients all over the globe and closing of workplaces and industries have decreased the adoption of big data and business analytics and preplanned investments.
At the same time, the industry has witnessed an increase in the adoption of cloud technology to assist the consumers across semiconductor & electronics industry to fight against the pandemic.
Several companies are also offering free and open data set tools to researchers and scientists for aiding them to develop COVID-19 solutions.

Get detailed COVID-19 impact analysis on the big data analytics in semiconductor & electronics market:
https://www.alliedmarketresearch.com/request-for-customization/7941

The solution segment to maintain its lead position during the forecast period

Based on component, the solution segment held the highest market share, accounting for nearly two-thirds of the total market share of the global big data analytics in semiconductor & electronics market in 2019, and will maintain its lead position during the forecast period. Most of the organizations have started adopting big data and business analytics software to manage the massive volume of data generated for meaningful insights and better informed decisions. This drives the growth of the segment. However, the services segment is estimated to grow at the highest CAGR of 10.4% from 2020 to 2027. This is attributed its adoption to ensure effective functioning of software and platforms throughout the predictive analysis process.

For Purchase Inquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/7941

The spray coating segment to maintain its dominant share throughout the forecast period

Based on analytics tools, the dashboard and data visualization segment contributed to the largest share in 2019, accounting for more than one-fourth of the global big data analytics in semiconductor & electronics market, and is projected to maintain its dominant share throughout the forecast period. Organizations are largely investing in dashboard & data visualization tools to manage different unstructured data produced and left unused, which in turn is driving the demand for data visualization tools. However, the reporting segment is expected to manifest the fastest CAGR of 10.4% during the forecast period. This is attributed to increase in complexity and size of financial data, limited capabilities of existing spreadsheet solutions, and rise in cost of compliance.

Asia-Pacific, followed by North America, to grow at the fastest rate

By region, Asia-Pacific, followed by North America, is projected to witness the largest CAGR of 9.2% from 2020 to 2027. In addition, this region also held the largest share in terms of revenue in 2019, accounting for more than two-fifth of the global big data analytics in semiconductor & electronics , and will maintain its lead position by 2027. Increase in adoption of big data analytics across electronics & semiconductor industry to improve productivity and strong presence of electronics manufacturing organizations in Asia-Pacific is boost the growth of the market in this province.

Leading market players

Kx Systems
Microsoft Corporation
Onto innovation Inc.
Optimalplus Ltd.
Qualtera (Synopsys, Inc.)
Rapidminer Inc.
SAP SE
SAS Institute Inc.
Splunk Inc.
TIBCO Software Inc.
XDM Technology co., Ltd.
YieldHub
Amazon Web Services
Cisco Systems, Inc.
Dell EMC
Dr Yield Software & Solutions GmbH
Galaxy Semiconductor Inc.
IBM Corporation

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:

https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Big Data and Business Analytics Market Expected to Reach $420.98 Billion by 2027

Big Data as a Service Market Expected to Reach $61.42 Billion by 2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter