EMEA Big Data Analytics in Semiconductor & Electronics Market Research Report | Valuates Reports

EMEA Big Data Analytics in Semiconductor & Electronics Market

The EMEA big data analytics in semiconductor & electronics market size was valued at USD 3,178.0 Million in 2019, and is projected to reach USD 5,756.5 Million by 2027, growing at a CAGR of 7.9% from 2020 to 2027.

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EMEA 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 & Data Visualization, Reporting, Self-service Tools, Data Mining & Warehousing, and Others), Applications (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) : Opportunity Analysis and Industry Forecast, 2020-2027

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The semiconductor and electronics industry generates massive volume of data, making it ideal for big data analytics. The industry is witnessing huge investments for data management and analytics, thereby enabling companies to predict process behavior, correlate parameters to help improve yield, identify & isolate defective tools, and provide enhanced visibility to the management process across production facility. The major objective of big data analytics in semiconductor & electronics is to help organizations get better understanding of their customers, business processes, and help organizations to narrow down their targeted audience, thus improving the marketing campaign of companies.

The dashboard & data visualization segment dominated the EMEA big data analytics in semiconductor & electronics market share in 2019, and is expected to maintain this trend during the forecast period, as organizations are largely investing in dashboard & data visualization tools to manage different unstructured data produced and left unused, thus driving the demand for data visualization tools. In addition, data visualization helps organizations to extract report from a diverse and rapidly growing volume of business data. However, the self-service tools segment is expected to witness the highest growth, as these 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, organizations are adopting self-service tools for understanding the upcoming market competition and risks associated with the business.

The customer analytics segment dominated EMEA big data analytics in semiconductor & electronics market in 2019, and is expected to maintain this trend during the forecast period. This is attributed to the fact that major players, especially in the electronics industry, are focusing on customer analytics to get better insights about consumer demand and preferences. In addition, increase in competition among enterprises to provide better & innovative products and personalized experience fuels the adoption of customer analytics software. However, the pricing analytics segment is expected to witness the highest growth, as many organizations are implementing pricing analytics software to uncover quick wins or extra revenue and margin, which can be generated over a short period of time by fixing the most obvious cases of price misalignment or leakages.

Rest of EMEA dominates the EMEA big data analytics in semiconductor & electronics market in 2019, which is attributed to major shift toward cloud deployments, need for low-cost storage, increase in automation, and rise in adoption of data processing platforms in the semiconductor & electronics industry in number of countries, which fuel the growth of the market. In addition, government has implemented stringent regulations to increase the privacy and security of organizational data, which propels the growth of the market. Furthermore, governments of these countries are launching new programs to accelerate the growth of start-ups, which, in turn, is expected to increase the spending on data analytics by these companies.

The 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 along with EMEA big data analytics in semiconductor & electronics market trends.

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