BDA in Semiconductor & Electronics Market to Grow at 9.7% CAGR by 2030
The rising advancements in technologies related to data analytics is very crucial for the growth of the big data analytics in semiconductor and electronics market.
According to a new research report by Next Move Strategy Consulting, the big data analytics in semiconductor and electronics market was valued at USD 22.80 billion in 2022, and is expected to reach USD 50.88 billion by 2030, with a CAGR of 9.7% during the forecast period.
The increase in the adoption of big data analytics software by various organizations to avail faster decision-making capabilities and gain competitive advantage significantly contributes toward the growth of the big data analytics in semiconductor and electronics market.
On the contrary, rising security concerns hinder the market growth. However, growing investments to leverage artificial intelligence (AI) technology are expected to create growth opportunities for the market players in the future.
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According to the report, the leading market in big data analytics in semiconductor and electronics market are Amazon Web Services, Alphabet, Inc., Dell Technologies, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc., Teradata Corporation, and TIBCO Software, Inc.
Key Insights from the Big Data Analytics in Semiconductor and Electronics Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the big data analytics in semiconductor and electronics market is provided in the report.
The value chain analysis of the market provides a clear picture of the stakeholders’ roles.
The market share of the players in the big data analytics in semiconductor and electronics market along with their competitive analysis are mentioned in the report.
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