What Has Been the Progress and Growth of the Big Data Analytics In Semiconductor And Electronics Market in Recent Years?
The big data analytics in semiconductor and electronics market has seen considerable growth due to a variety of factors.
• In recent times, the market size of big data analytics in the semiconductor and electronics sector has seen significant expansion. It is projected to increase from $21.8 billion in 2024 to $23.81 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%.
The historical growth can be credited to factors such as the increasing complexity in semiconductor designs, accelerated growth in IoT, the urgent demand for a quicker time-to-market, optimizing quality control and yield, and the need for energy efficiency and sustainability.
What Can Be Expected from the Big Data Analytics In Semiconductor And Electronics Market Size?
The big data analytics in semiconductor and electronics market is expected to maintain its strong growth trajectory in upcoming years.
• The market dimension of big data analytics in the semiconductor and electronics sector is projected to experience significant expansion in the upcoming years, ballooning up to $33.54 billion by 2029 with a compound annual growth rate (CAGR) of 8.9%.
This growth during the forecast period is anticipated to be driven by factors like international collaboration in the semiconductor industry, increasing demand for customization and personalization, environmental and sustainability measures, adoption of digital twin technology, and heightened focus on cybersecurity. Key market trends to watch in this forecast period encompass the use of blockchain for enhancing supply chain transparency, interdisciplinary collaboration platforms, edge AI chip development, the employment of predictive maintenance in manufacturing, and AI-driven design and optimization.
What Are the Critical Driver Fuelling The Big Data Analytics In Semiconductor And Electronics Market's Growth?
The explosion in the usage of wearable technology is predicted to accelerate big data analytics in the semiconductor and electronics sector ahead. Wearable devices, small electronic gadgets intended to be worn on the body and often loaded with sensors and connectivity capabilities for health and fitness tracking or delivering customised information, are growing increasingly prevalent. This trend is often attributed to technological developments, health-conscious habits, lifestyle integration, personalisation, connectivity demands, and fashion elements. The wearable device industry significantly contributes to big data analytics in the semiconductor and electronics sector by offering valuable data that can be evaluated for various reasons such as health surveillance, analysing user behaviour, real-time monitoring and predictive maintenance. For example, Vicert, a digital health solution software company based in the US, reported that the total number of wearable devices shipped in 2021 was 533.6 million, which included items like watches, hearing aids, and other assistive equipment. Also, by 2023, there is an expectation of 105 million devices being out in the wearables and earwear category. As a result, the rapid increase in the saturation of wearable devices is fuelling the expansion of big data analytics in the semiconductor and electronics market.
How Is The Big Data Analytics In Semiconductor And Electronics Market segmented?
The big data analytics in semiconductor and electronics market covered in this report is segmented –
1) By Component: Software, Services
2) By Analytics Tools: Dashboard And Data Visualization, Reporting, Self Service Tools, Data Mining And Warehousing, Other Analytics Tools
3) By Usage: Sales And marketing, Fault Detection And Classification, Predictive Maintenance, Virtual Meteorology, Process Optimization, Yield Prediction, Other Usages
4) By Application: Customer Analytics, Supply Chain Analytics, marketing Analytics, Pricing Analytics, Workforce Analytics, Other Applications
5) By End-User: Semiconductor, Electronics
Subsegments:
1) By Software: Data Management Software, Data Visualization Software, Analytics Software (Predictive Analytics, Descriptive Analytics, Prescriptive Analytics), Cloud-Based Analytics Software
2) By Services: Consulting Services, Data Integration And Implementation Services, Managed Services, Support And Maintenance Services
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What Emerging Trends Are Influencing The Growth Of The Big Data Analytics In Semiconductor And Electronics Market?
In the semiconductor and electronics market, major corporations in big data analytics, such as Amazon EC2 C7g, are concentrating on the development of unique solutions in order to establish a competitive edge. The Amazon EC2 C7g provides superior computational efficiency at a reduced cost for a diverse set of workloads. For example, in November 2022, the US-based e-commerce company Amazon.com, Inc. launched the Amazon EC2 C7g, which uses the newest AWS-designed chips. Hpc7g instances, equipped with the latest AWS Graviton3E chips, supply double the floating-point performance of the existing C6gn instances and up to 20% more than the current Hpc6a instances. This leads to the best possible price performance for AWS high-performance computing (HPC) workloads.
Who Are the Key Players In The Big Data Analytics In Semiconductor And Electronics Market?
Major companies operating in the big data analytics in semiconductor and electronics market are:
• Microsoft Corporation
• Dell Inc.
• Amazon Web Services Inc.
• IBM Corporation
• Cisco Systems Inc.
• Optimalplus Ltd.
• Broadcom Inc.
• SAP SE
• Advanced Micro Devices Inc.
• ASML Holding NV
• MediaTek Inc.
• Lam Research Corporation
• Analog Devices Inc.
• KLA Corporation
• Marvell Technology Group Ltd.
• Qualtera SAS
• Synopsys Inc.
• Cadence Design Systems Inc.
• SAS Institute Inc.
• Splunk Inc.
• Silicon Laboratories Inc.
• Onto innovation Inc.
• TIBCO Software Inc.
• Rapidminer Inc.
• YieldHub
• XDM technology co. Ltd.
• Mentor Graphics Corporation
What Is The Most Dominant Region In The Big Data Analytics In Semiconductor And Electronics Market?
North America was the largest region in the big data analytics in semiconductor and electronics market in 2024. The regions covered in the big data analytics in semiconductor and electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
