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EMEA Big Data Analytics in Semiconductor & Electronics Market to Reach USD 5,756.5 Million by 2027: Growth opportunities, Trends, Industry Analysis, and Forecast

09-21-2023 10:40 AM CET | IT, New Media & Software

Press release from: Allied Market Research (AMR)

EMEA Big Data Analytics in Semiconductor & Electronics Market

EMEA Big Data Analytics in Semiconductor & Electronics Market

According to a recent report published by Allied Market Research, titled, "EMEA Big Data Analytics in Semiconductor & Electronics market by Component, Organization Size, End User, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2020-2027," the EMEA big data analytics in semiconductor & electronics market size was valued at $3,178.0 million in 2019, and is projected to reach $5,756.5 million by 2027, growing at a CAGR of 7.9% from 2020 to 2027.

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COVID-19 scenario:

➢ Post COVID-19, the EMEA big data analytics in semiconductor & electronics market size was valued at $3,372.7 million in 2020, and is projected to reach $5,756.5 million by 2027, growing at a CAGR of 7.9% from 2020 to 2027. The big data analytics in semiconductor & electronics market has witnessed considerable growth in past few years; however, due to the outbreak of the COVID-19 pandemic, the market is projected to witness a sudden downfall in 2020.

➢ This is attributed to implementation of lockdown by governments in majority of the countries, and the semiconductor and electronics industry has reduced the adoption of big data and business analytics along with the preplanned investments. This has affected the supply chains of several electronics & semiconductor companies.

➢ On the other hand, the industry is experiencing notable growth in the adoption of cloud computing to help consumers across semiconductor & electronics industry to combat against the pandemic. In addition, the big data analytics in semiconductor & electronics market is projected to exhibit significant growth in the upcoming years after the recovery from the COVID-19 pandemic.

➢ In addition, various organizations have initiated adopting cloud-based big data analytics to manage critical information of organizations as well in semiconductor manufacturing processes, thus creating lucrative opportunity for the market expansion during the forecast period. Furthermore, need to create meaningful insight from unused data and the need to manage this data are the key factors driving the growth of the market.

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Big data analytics is a process examining large set of data to uncover useful information such as market trends, customer preference, discover hidden patterns, and various unknown facts from the data to enable organizations make informed business decisions. It uses advanced analytic techniques against large, diverse data sets, including structured, unstructured, and semi-structured data, from various sources, and in different sizes of terabytes to zettabytes. Multiple semiconductor and electronics organizations are using big data analytics to enhance their profit, increase their analytics skills, increase & manage yield, and improve the risk management capability. It helps businesses to better understand the information that is important for organizations for fault detection, predictive maintenance, wafer testing, and yield management.

In addition, increase in demand for cloud-based big data analytics software among enterprises positively impacts the growth of the EMEA big data analytics in semiconductor & electronics market. However, high implementation cost and dearth of skilled workforce are expected to hamper the market growth. Conversely, 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.


Access the full summary at:  https://www.alliedmarketresearch.com/emea-big-data-analytics-in-semiconductor-and-electronics-market-A08706

In 2019, the EMEA big data analytics in semiconductor & electronics market was dominated by the solution segment, and is expected to maintain this trend during the forecast period. This is attributed to the fact that a number of companies in semiconductor and electronics sector are focusing majorly on creating novel opportunities for growth and revenue generation, thereby increasing the preference for big data analytics. Moreover, key players of the market are adopting numerous strategies to improve their product portfolio, which is expected to drive the growth of the market. However, the services segment is expected to witness the highest growth, due to increase in adoption of services among end users, as this service ensures effective functioning of software and platforms throughout the process. Moreover, rise in demand for software-as-a-service (SaaS) due to its numerous benefits such as scalability and one-time customer acquisition cost is expected to provide lucrative opportunities for the growth of the EMEA big data analytics in semiconductor & electronics market.

On the basis of deployment model, the on-premise deployment model dominated the EMEA big data analytics in semiconductor & electronics market share in 2019, and is expected to maintain its dominance in the upcoming years, as on-premise data big data analytics software enables semiconductor and electronic manufacturing organizations to have control over security & other connectivity issues and improve the scalability, speed, reliability, and connectivity of organizations.

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However, the cloud-based deployment segment is expected to witness highest growth during the forecast period, as the cloud-based big data analytics solution does not involve capital cost as well as requires low maintenance, and hence can be most preferred by small- and medium-scale electronic and semiconductor companies.

Leading Market Players:

➢ Sap Se

➢ Cisco Systems, Inc.

➢ Sas Institute Inc.

➢ International Business Machines Corporation

➢ Experion Technologies

➢ Dell Emc

➢ Kx Systems Inc.

➢ Microsoft Corporation

➢ Amazon Web Services, Inc.

➢ Tibco Software Inc.

➢ Splunk Inc.

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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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 in making strategic business decisions and achieving sustainable growth in theirrespective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

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