Press release
EMEA Big Data Analytics in Semiconductor & Electronics Market Size Reach USD 5,756.5 Million by 2027
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. 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.
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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.
The EMEA big data analytics in semiconductor & electronics market is segmented into component, deployment model, end user, analytics tool, application, usage, and region. In terms of component, the market is fragmented into software and services. On the basis of deployment mode, the market is bifurcated into on-premise and cloud. Depending on end user, it is bifurcated into semiconductor and electronics. On the basis of analytics tool, it is categorized into dashboard & data visualization, data mining & warehousing, self-service tools, reporting, and others. By application, it is segregated into customer analytics, supply chain analytics, marketing analytics, pricing analytics, workforce analytics, and others. By usage, EMEA big data analytics in semiconductor & electronics market is segmented into sales & marketing, fault detection & classification, predictive maintenance, virtual meterology, process optimization, yield prediction, others. Country wise, it is studied across Germany, France, the UK, Italy, Turkey, Saudi Arabia, UAE, Switzerland, South Africa, Nigeria, and rest of EMEA.
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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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Some of the key EMEA big data analytics in semiconductor & electronics industry players profiled in the report include Amazon Web Services, Cisco systems, Inc., Dell EMC, International Business Machines Corporation, KX Systems, Inc., Microsoft Corporation, SAP SE, SAS Institute Inc., Splunk Inc., and TIBCO Software Inc. This study includes market trends, EMEA big data analytics in semiconductor & electronics market analysis, and future estimations to determine the imminent investment pockets.
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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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