Asia-Pacific Big Data Analytics In Semiconductor & Electronics Market - 2027
The Asia-Pacific big data analytics in semiconductor & electronics market size was valued at $7,486.00 million in 2019, and is projected to reach $14,839.00 million by 2027, growing at a CAGR of 9.2% from 2020 to 2027. The key 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 marketing campaign of companies. Numerous benefits are associated with big data analytics such as it allows customers to capture & process different services, modify existing orders, and process customer moves.
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.
By Component
Service is projected as one of the most lucrative segments.
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.
By End User
Semiconductor is projected as one of the most lucrative segments.
Segment review
The Asia-Pacific 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, it 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, the market is segmented into sales & marketing, fault detection & classification, predictive maintenance, virtual meteorology, process optimization, yield prediction, and others. By country, Asia-Pacific big data analytics in semiconductor & electronics industry is divided into China, India, Japan, South Korea, Taiwan, Singapore, Malaysia, the Philippines, Thailand, Vietnam, and rest of Asia-Pacific.
COVID impact analysis
The COVID-19 pandemic is expected to impact the overall economy and transport infrastructure in the electronics & semiconductor sector. COVID-19 may disrupt the operations of customers and partners of electronics & semiconductor companies for a non-specific period of time, as a result of travel restrictions and/or business shutdowns, all of which could negatively impact the electronics & semiconductor business’ cash flows & decrease technology spending. It is not possible at this time to estimate the impact that COVID-19 could have on the business of electronic & semiconductor sector, as the impact will depend on future developments, which are highly uncertain and cannot be predicted. However, factors such as rise in trend of remote/virtual work environments, increase in virtual meetings, resultant decrease in in-person contacts, and increase reliance on technology & data are expected to accelerate tech adoption, which, in turn, is likely to boost the adoption of big data and business analytics tools.
By Applications
Pricing Analytics segment is projected as one of the most significant segments.
Top impacting factors
The growth of the Asia-Pacific big data analytics in semiconductor & electronics industry is driven by factors such surge in adoption of big data analytics software by various organizations to facilitate enhanced & faster decision-making and to provide competitive advantage by analyzing and acting upon information in a timely manner. In addition, numerous benefits provided by big data and business analytics such as faster data processing positively impacts the growth of the Asia-Pacific big data analytics in semiconductor & electronics market. Moreover, high implementation cost and dearth of skilled workforce are expected to affect the market growth. Increase in need to gain better insights for business planning, emerging APC analytics applications and trends in semiconductor manufacturing facilities, and increase in adoption of IoT devices coupled with ongoing Industry 4.0 trend of the market during the forecast period. However, each of these factors is projected to have a definite impact on the growth of the big data analytics in semiconductor & electronics market.
Emerging advanced process control analytics applications and trends in semiconductor manufacturing facilities
The recent evolution in semiconductor manufacturing advanced process control (APC) applications reflects a movement from a more reactive to predictive and even proactive approach to factory control. Failure detection is augmented with failure prediction to support capabilities such as predictive maintenance. Metrology measurement prediction using virtual metrology is being leveraged to reduce cycle times due to metrology delay and improve process capability. In addition, predictive scheduling, initially at the process level and finally at the across-fab level, is being leveraged to reduce some capacity constraints. Yield prediction with feedback into process control, production scheduling, and maintenance scheduling is being explored so as to optimize the that fab-wide control to yield-throughput objectives. Eventually, these predictive solutions will extend more horizontally, incorporating upstream and downstream supply chain, thus presenting lucrative opportunities for big data analytics in semiconductor & electronics market during the forecast period.
By Country
Vietnam is projected as one of the most significant segments.
Key Benefits For Stakeholders
- This study includes the Asia-Pacific big data analytics in semiconductor & electronics market analysis, trends, and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and market opportunity.
- The Asia-Pacific big data analytics in semiconductor & electronics market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Asia-Pacific big data analytics in semiconductor & electronics market.
Asia-Pacific Big Data Analytics In Semiconductor & Electronics Market Report Highlights
| Aspects | Details |
 By Component |
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 By Deployment Mode |
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 By End User |
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 By Analytical Tools |
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 By Application |
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 By Usage |
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 By Country |
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 Key Market Players | KX SYSTEMS INC., SAS INSTITUTE INC., DELL EMC, MICROSOFT CORPORATION, AMAZON WEB SERVICES, INC., SAP SE, CISCO SYSTEMS, INC., SPLUNK INC., TIBCO SOFTWARE INC., INTERNATIONAL BUSINESS MACHINES CORPORATION |
Analyst Review
As per the insights of industry executives of the leading companies, the adoption of big data analytics software has increased over the time to boost the decision-making capability and improve the business insights of organizations. In addition, the ability of the big data analytics solution to provide potential opportunities for business and gain new insights to run the business efficiently is increasing its popularity among end users. Furthermore, increase in economic strength of the developing nations such as China, India, Indonesia, and Thailand is expected to provide lucrative opportunities for the market growth. Emerging countries in Asia-Pacific are projected to offer significant growth opportunities during the forecast period.
Previously the data analytics tools were affordable merely by large corporations, which garnered massive budgets and accommodated big teams of analysts and data scientists. However, presently, every organization, regardless of its size, is shifting its focus toward data analytics capability and is deploying data analytics tools and platforms to manage disparate data sets with higher volume to develop deeper insights from the data. This is attributed to the adoption of technology to sustain in a saturated and competitive market and to gain competitive advantages over the other players.
Asia-Pacific has witnessed complexity while deriving insights from structured and unstructured data, which has generated the need for investing in big data analytical tools among semiconductor & electronics companies. Countries such as India, Vietnam, Indonesia, Taiwan, and Singapore are expected to register notable CAGR in Asia-Pacific. In terms of the overall market size, China, Japan, India, and South Korea will together account for nearly 66% of the overall market in the region.
As the adoption of data analytics tools are empowering businesses with better integration with partners & suppliers, increased agility, and encouraging them to leverage advanced predictive as well as prescriptive forms of analytics this is helping the companies to gain differentiation & competitive advantage in the market.
However, due to outbreak of COVID-19 pandemic, some operations may fail to return to normal due to which any gain in data efficiency can improve future operation which has impacted positively on the market. In terms of economic impacts, nations are suffering and each organization need to find any financial leakage they might have and get it straight to minimize risk and protect revenue. For which adopting data analytics has become highly important now more than ever.
The CXOs further added that the players operating in Asia-Pacific region are focusing toward product development and to increase their geographical presence, owing to rise in competition among local vendors in terms of features, quality, and price. In addition, these players are adopting various business strategies to enhance their product offerings and strengthen their foothold in the market. For instance, in April 2020, Amazon introduced new Appflow, which is a fully managed service that provides an easy, secure way for customers to create and automate bidirectional data flows between Amazon Web Services (AWS) and software-as-a-service (SaaS) applications without writing custom integration code.
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