Big Data Analytics in Semiconductor & Electronics Market is Projected to Grow at USD 31.80 Billion by 2027, Moving Towards a Brighter Future | Current Trends and Future Scenarios

Rise in adoption of big data analytics software by multiple organizations, growth in demand for cloud-based big data analytics software, and various benefits provided by big data and business analytics solutions propel the growth of the global big data analytics in semiconductor & electronics market. However, high implementation cost and lack of skilled labors restrict the market growth. On the other hand, emerging trends such as social media analytics, surge in need to gain insights for business planning, and advanced process control analytics applications and trends in semiconductor manufacturing create new opportunities in the next few years.

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Covid-19 Scenario:

➢ Increase in number of COVID-19 patients all over the globe and closing of workplaces and industries have decreased the adoption of big data and business analytics and preplanned investments.

➢ At the same time, the industry has witnessed an increase in the adoption of cloud technology to assist the consumers across semiconductor & electronics industry to fight against the pandemic.

➢ Several companies are also offering free and open data set tools to researchers and scientists for aiding them to develop COVID-19 solutions.

Based on component, the solution segment held the highest market share, accounting for nearly two-thirds of the total market share of the global big data analytics in semiconductor & electronics market in 2019, and will maintain its lead position during the forecast period. Most of the organizations have started adopting big data and business analytics software to manage the massive volume of data generated for meaningful insights and better informed decisions. This drives the growth of the segment. However, the services segment is estimated to grow at the highest CAGR of 10.4% from 2020 to 2027. This is attributed its adoption to ensure effective functioning of software and platforms throughout the predictive analysis process.

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Based on analytics tools, the dashboard and data visualization segment contributed to the largest share in 2019, accounting for more than one-fourth of the global big data analytics in semiconductor & electronics market, and is projected to maintain its dominant share throughout the forecast period. Organizations are largely investing in dashboard & data visualization tools to manage different unstructured data produced and left unused, which in turn is driving the demand for data visualization tools. However, the reporting segment is expected to manifest the fastest CAGR of 10.4% during the forecast period. This is attributed to increase in complexity and size of financial data, limited capabilities of existing spreadsheet solutions, and rise in cost of compliance.

By region, Asia-Pacific, followed by North America, is projected to witness the largest CAGR of 9.2% from 2020 to 2027. In addition, this region also held the largest share in terms of revenue in 2019, accounting for more than two-fifth of the global big data analytics in semiconductor & electronics , and will maintain its lead position by 2027. Increase in adoption of big data analytics across electronics & semiconductor industry to improve productivity and strong presence of electronics manufacturing organizations in Asia-Pacific is boost the growth of the market in this province.

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In 2021, the North American region took the lead in terms of market size for big data analytics in the semiconductor and electronics sector. It is anticipated to maintain this dominant position throughout the forecast period. This is primarily attributed to the swift integration of advanced technologies such as big data analytics and artificial intelligence (AI), significantly influencing the market share in the North American region. Meanwhile, the Asia-Pacific region is expected to experience the highest growth in the forecast period. This growth is driven by the rapid adoption of emerging technologies across diverse businesses and industrial sectors, coupled with an increased focus on smart manufacturing practices that propel the expansion of the Big Data Analytics market in the semiconductor and electronics sector in this region.

Regarding analytics tools, the segment comprising dashboard and data visualization tools took the lead in the market share for Big Data Analytics in Semiconductor & Electronics in 2021. This dominance is a result of the growing adoption of data visualization tools across various organizations for efficient report extraction amidst the expansive growth of businesses. However, during the forecast period, the reporting segment is anticipated to witness the highest growth in market size. This is attributed to the escalating complexity and size of financial data, limitations in the capabilities of existing spreadsheet solutions, and an increase in compliance-related costs.

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Leading market players:

➢ Kx Systems

➢ Microsoft Corporation

➢ Onto innovation Inc.

➢ Optimalplus Ltd.

➢ Qualtera (Synopsys, Inc.)

➢ Rapidminer Inc.

➢ SAP SE

➢ SAS Institute Inc.

➢ Splunk Inc.

➢ TIBCO Software Inc.

➢ XDM Technology co., Ltd.

➢ YieldHub

➢ Amazon Web Services

➢ Cisco Systems, Inc.

➢ Dell EMC

➢ Dr Yield Software & Solutions GmbH

➢ Galaxy Semiconductor Inc.

➢ IBM Corporation

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