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Asia-Pacific Big Data Analytics In Semiconductor & Electronics Market Research Report, Size, Revenue, Share, Insights, Industry Analysis, Outlook, Overview | Valuates Reports
Asia-Pacific big data analytics in semiconductor & electronics market size was valued at USD 7,486.00 million in 2019, and is projected to reach USD 14,839.00 million by 2027, growing at a CAGR of 9.2% from 2020 to 2027.
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Asia-Pacific Big Data Analytics In Semiconductor & Electronics Market By Component (Solutions and Services), Deployment Mode (On-Premise and Cloud), End User (Semiconductor and Electronics), Analytical Tools (Dashboard and Data Visualization, Reporting, Self-Service Tools, Data Mining and Warehousing, and Others), Application (Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Workforce Analytics, and Others), Usage (Sales & Marketing, Fault Detection & Classification, Predictive Maintenance, Virtual Meterology, Process Optimization, Yield Prediction, and Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027
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On the basis of analytics tools, dashboard & data visualization segment dominated the Asia-Pacific big data analytics in semiconductor & electronics market share in 2019, and is expected to maintain this trend during the forecast period as these tools help to identify the inter-relation between multi-dimensional sets of data and deliver practical features to interpret them. Thus, most enterprises are adopting these tools to scrutinize customer buying and other business operational patterns to forecast their future sale strategies. In addition, increase in acceptance of such platforms for software advisory along with predictive analysis propels expansion of the Asia-Pacific big data analytics in semiconductor & electronics market. However, the self-service tools segment is expected to witness highest growth as these tools are extensively used for data visualization to find various business insights that help improve decision-making capability of organizations and increase sales. In addition, self-service analytics helps business users to get benefitted from data collected and drive positive business outcome such as better operational efficiency and higher profits.
On the basis of application, the customer analytics segment dominated the market in 2019, and is expected to maintain this trend during the forecast period. Tools are extensively used for data visualization to find various business insights that help improve the decision-making capability of organizations and increase sales. In addition, self-service analytics helps business users to get benefitted from the data collected and drive positive business outcome such as better operational efficiency and higher profits. However, the pricing analytics segment is expected to witness highest growth, as pricing analytics has become an important component in revenue and profit management. Its adoption has increased significantly, which boosts growth of the market. Moreover, increase in focus of industries on revenue management to streamline business operations and improve overall financial performance is opportunistic for the Asia-Pacific big data analytics in semiconductor & electronics market growth.
In terms of region, China dominates the Asia-Pacific big data analytics in semiconductor & electronics market, owing to major shift toward digital transformation across semiconductor & electronics industry and rise in convergence of different technologies, such as big data & analytics and AI, have created an impact on the region and managed to increase its IT budget. Moreover, surge in need to manage massive volume of data generated by organizations due to technological advancements in data collection, visualization, and analytics drives growth of the big data analytics in semiconductor & electronics market. However, Vietnam is expected to observe highest growth rate during the Asia-Pacific big data analytics in semiconductor & electronics market forecast period, as the semiconductor industry in Vietnam is growing exponentially, owing to number of factors such as surge in volume of data generated due to digitization and growth in use of electronic devices & network in Vietnam.
The Asia-Pacific big data analytics in semiconductor & electronics market report focuses on the growth prospects, restraints, and market analysis. The study provides Porter's five forces analysis of the asset performance management industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the Asia-Pacific big data analytics in semiconductor & electronics market trends.
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