Portland, OR , Nov. 14, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global big data analytics in 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. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $18.7 billion |
| Market Size in 2031 | $47.2 billion |
| CAGR | 9.9% |
| No. of Pages in Report | 482 |
| Segments Covered | Component, end user, analytics tool, application, usage, and region. |
| Drivers | Increase in internet penetration across the globe |
| Increase in the adoption of big data analytics software by various organizations to facilitate enhanced & faster decision-making | |
| Opportunities | Surge in need for faster data processing |
| Rise in need to gain better insights for business planning | |
| Restrains | Extortionate cost of implementation |
| Dearth of skilled workforce |
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.
The report offers detailed segmentation of the global big data analytics in semiconductor & electronics market based on component, end user, analytics tool, application, usage, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
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 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.
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.
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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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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.
