Asia-Pacific Big Data Analytics In Semiconductor & Electronics Market set to Garner Higher Revenue Globally

According to a recent report published by Allied Market Research, titled, "Asia-Pacific big data analytics in Semiconductor & electronics market by Component, Organization Size, End User, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2020-2027," The Asia-Pacific big data analytics in semiconductor & electronics market size was valued at $7,486.00 million in 2019, and is projected to reach $14,839.00 million by 2027, growing at a CAGR of 9.2% from 2020 to 2027.

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In addition, increase in demand for cloud-based big data analytics software among enterprises positively impacts the growth of the market. However, high implementation cost and dearth of skilled workforce are expected to hamper the market growth. On the contrary, increase in adoption of IoT devices coupled with the ongoing Industry 4.0 trend, use of big data analytics for semiconductor manufacturing, increase in need to gain better insights for business planning, and surge in adoption of social media analytics tools are expected to offer remunerative opportunities for the expansion of the market during the forecast period.

In 2019, the Asia-Pacific big data analytics in semiconductor & electronics market share was dominated by the solution segment and is expected to maintain this trend during the forecast period as most of the organizations have started adopting big data and business analytics solutions to manage the massive volume of data being generated for meaningful insights and better informed decisions. Moreover, number of companies are focusing majorly on creating novel opportunities for growth and revenue generation, thereby increasing the preference for big data analytics across semiconductor industry. However, the services segment is expected to witness the highest growth owing to increase in the adoption of services among end users, as this service ensures effective functioning of software and platforms throughout the process.

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On the basis of deployment model, on-premise deployment model dominated the Asia-Pacific big data analytics in semiconductor & electronics market in 2019, and is expected to maintain its dominance in the upcoming years as this type of deployment mode is used to gather, display, and organize important business data using company's own IT infrastructure, which allows them to keep the data secure. For instance, in May 2019, Microsoft Corporation released new edition of its big data analytics solution, which is a Microsoft Power BI-embedded platform for on-premise deployment mode. This solution will help manufacturing companies as well as electronic manufacturers review huge data generated from various processing.

Some of the key Asia-Pacific big data analytics in semiconductor & electronics industry players profiled in the report include Amazon Web Services, Cisco systems, Inc., Dell EMC, International Business Machines Corporation, KX Systems, Inc., Microsoft Corporation, SAP SE, SAS Institute Inc., Splunk Inc., and TIBCO Software Inc. This study includes market trends, Asia-Pacific big data analytics in semiconductor & electronics market analysis, and future estimations to determine the imminent investment pockets.

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Key Benefits For Stakeholders
• This study includes the Asia-Pacific big data analytics in semiconductor & electronics market analysis, trends, and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and market opportunity.
• The Asia-Pacific big data analytics in semiconductor & electronics market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the Asia-Pacific big data analytics in semiconductor & electronics market.

Access the full summary at: https://www.alliedmarketresearch.com/asia-pacific-big-data-analytics-in-semiconductor-and-electronics-market-A08683

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