Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

With 9.2% CAGR, Semiconductor Market Size worth USD 893.10 Billion in 2029

Published

on

Pune, India, May 02, 2022 (GLOBE NEWSWIRE) — The global semiconductor market size was USD 452.25 billion in 2021. The market is projected to grow from USD 483.00 billion in 2022 to USD 893.10 billion in 2029 at a CAGR of 9.2% during the 2022-2029 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Semiconductor Market Share, 2022-2029.” Factors such as the rising consumption of consumer electronics and the emerging usage of Artificial Intelligence (AI) will boost the growth of the market during the forecast period. Additionally, increasing demand for faster and advanced memory chips will increase the footprint of the market.

Key Industry Development

  • August 2020: SK Hynix launched the world’s first 128-layer NAND Consumer PCIe NVMe SSD toward its product line. This move is expected to increase the firm’s presence in the U.S.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/semiconductor-market-102365

Report Scope

Report Coverage Details
Forecast Period 2022-2029
Forecast Period 2022 to 2029 CAGR 9.2%
2029 Value Projection USD 893.10 billion
Base Year 2021
semiconductor market Size in 2021 USD 452.25 billion
Historical Data for 2018-2020
No. of Pages 120
Segments covered By Component; By Application

 

semiconductor market Growth Drivers Rising Consumption of Consumer Electronics Goods to Aid Growth
Increasing Demand for Integrated Circuits in Developing Economies to Boost Market Growth

Drivers & Restraints

Increasing Consumption of Consumer Electronics & Rising Demand for ICs to Augment Growth

Factors such as rising consumption of consumer electronics, increasing disposable income, and rapidly growing population will boost the semiconductor market growth during the forecast period. Additionally, rising urbanization & rising products by industry leaders will increase the footprint of the market. Also, rising demand for Integrated Circuits (ICs) and rising technological advancements will fuel the growth of the market.

However, shifting global trade practices are expected to hamper the growth of the market during the forecast period. Also, tariff disruptions will limit the growth of the market.

COVID-19 Impact

Disruptions in Supply Chain & Production Delays to Hamper Market During Forecast

The COVID-19 pandemic has forced various business practices across the world toward an economic backlash. Imposed lockdowns and restrictions on people’s movement decreased the value of the market to a fair extent. Additionally, the trade war between the U.S. and China drained the share of the market to an exceptional low. Manufacturing plants had to be shut off and several functioned at less-than-optimal capacity, which further created a vacuum in the demand-supply chain. Disruptions in the transport sector further caused big projects to be pushed towards a later deadline.

To get to know more about the short-term and long-term impact of COVID-19 on this Semiconductor Market,

Please visit: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/semiconductor-market-102365

Regional Insights

Asia Pacific to Hold Dominance due to Rising Adoption of High-End Technology

Asia Pacific will witness the largest semiconductor market share during the forecast period due to increased adoption of technology and decreasing minimum electronic prices. Additionally, rising technological advancements and integration of the Internet of Things (IoT) and LTE will further fuel the growth of the market. Also, the presence of key market players in the region will increase the footprint of the market.

North America will occupy a considerable market share in terms of global contribution, owing to rising R&D activities and increasing expenditure.

Europe will witness moderate growth during the forecast period due to the expanding telecom & automotive industry along with rising investment opportunities. Additionally, rising demand for advanced devices & components combined with rising electronic consumption will drive the market.

Segments

Based on component, the market can be broken down into memory devices, logic devices, analog IC, MPU, discrete power devices, MCU, sensors, and others.

By application, the market is divided into networking & communications, data processing, industrial, consumer electronics, automotive, and government.

With respect to geography, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Quick Buy – Semiconductor Market Report:

https://www.fortunebusinessinsights.com/checkout-page/102365

Report Coverage

The Semiconductor Market report encompasses an in-depth analysis of the market by integrating critical market trends such as drivers, opportunities, threats, and restraints. An overview of the global aspect of the market is also provided along with regional analysis. Segments and subsegments of the market are also explained. Additionally, factors that are expected to affect the market in a positive/negative manner are also mentioned.

Competitive Landscape

Product Development & Rising R&D Activities to Push Dominant Players Toward Higher Value

The semiconductor industry is highly fragmented due to the presence of many players. Dominant players are aiming to compete for a higher market share by introducing novel products to their portfolios. Additionally, increased spending towards R&D activities will ensure that consumers are being constantly introduced to the latest generation of products. For example, in July 2020, AP Memory Technology Corporation announced its partnership with NXP Semiconductors under their NXP Connect Partner Program. Others are focused on employing strategic tactics such as mergers & acquisitions and collaborations in order to ramp up revenue sources.

Companies Profiled in the Semiconductor Market Share Report:  

  • Broadcom, Inc. (U.S.)
  • Intel Corporation (U.S.)
  • Qualcomm (U.S.)
  • Samsung Electronics (South Korea)
  • SK Hynix (South Korea)
  • Taiwan Semiconductors (Taiwan)
  • Texas Instruments (U.S.)
  • Toshiba Corporation (Japan)
  • Maxim Integrated Products, Inc. (U.S.)
  • Micron Technology (U.S.)
  • NVIDIA Corporation (U.S.)
  • NXP Semiconductors N.V. (Netherlands)

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/semiconductor-market-102365

Major Points of Table:

  • Key Market Insights and Strategic Recommendations
  • Profiles of Key Players
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details
      • Employee Size
      • Key Financials
        • Past and Current Revenue
        • Gross Margin
        • Geographical Share
        • Business Segment Share
    • Recent Developments
  • Annexure / Appendix
    • Global Semiconductor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
      • By Components (USD Bn)
        • Memory Devices
        • Logic Devices
        • Analog IC
        • MPU
        • Discrete Power Devices
        • MCU
        • Sensors
        • Others (DSP, etc.)
      •  By Application (USD Bn)
        • Networking & Communications
        • Data Processing
        • Industrial
        • Consumer Electronics
        • Automotive
        • Government
      • By Region (USD Bn)
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • Latin America
    • North America Semiconductor Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
      • By Components (USD Bn)
        • Memory Devices
        • Logic Devices
        • Analog IC
        • MPU
        • Discrete Power Devices
        • MCU
        • Sensors
        • Others (DSP, etc.)
      •  By Application (USD Bn)
        • Networking & Communications
        • Data Processing
        • Industrial
        • Consumer Electronics
        • Automotive
        • Government
      • By Country (USD Bn)
        • United States
          • By Application (USD Bn)
            • Networking & Communications
            • Data Processing
            • Industrial
            • Consumer Electronics
            • Automotive
            • Government
        • Canada
          • By Application (USD Bn)
            • Networking & Communications
            • Data Processing
            • Industrial
            • Consumer Electronics
            • Automotive
            • Government

TOC Continued…!

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Greater efforts urged on sci-tech cooperation

Published

on

greater-efforts-urged-on-sci-tech-cooperation

BEIJING, April 26, 2024 /PRNewswire/ — A news report from China Daily:

Greater efforts are needed to strengthen international cooperation in science and technology, explore ways of jointly solving important global issues through technological innovation, and develop new quality productive forces, said officials, experts and company executives on Thursday in Beijing.
Addressing the opening ceremony of the 2024 Zhongguancun Forum, Vice-Premier Ding Xue­xiang said China is willing to work with the international community to practice the concept of open, fair, just and nondiscriminatory international sci-tech cooperation, and to jointly build a global sci-tech community.
The country will explore a new model regarding mutually beneficial global cooperation in sci-tech innovation, and will break down barriers restricting the flow of knowledge, technology, talent and other innovative factors, to jointly create an open innovation ecosystem.
Yin Li, secretary of the Communist Party of China Beijing Municipal Committee, said the capital will ramp up efforts to improve its innovation capacities, accelerate the building of world-leading science and technology parks, increase investment in basic research and make breakthroughs in core technologies in key fields.
Data from the Ministry of Science and Technology showed that China’s research and development investment exceeded 3.3 trillion yuan ($455.4 billion) in 2023, up 8.1 percent year-on-year, and the spending on fundamental research reached 221.2 billion yuan, an increase of 9.3 percent over the previous year.
China’s strength in scientific and technological innovation has taken a major leap in recent years. Marco Aleman, assistant director-general of the World Intellectual Property Organization, said China is a powerhouse of innovation that contributes to global growth and sustainable development.
According to WIPO, the country stands as a global innovation leader, ranking 12th in the Global Innovation Index 2023, and it owned 24 of the top 100 science and technology clusters globally by the end of last year, ranking first in the world for the first time.
Quarraisha Abdool Karim, president of the World Academy of Sciences, said ensuring a sustainable future through partnership and cooperation creates an opportunity for all participants to explore new pathways toward achieving the United Nations’ Sustainable Development Goals.
Lei Jun, founder and CEO of Chinese tech company Xiaomi Corp, said the company will continue to step up investment in R&D and strive for breakthroughs in core technologies.
     Photo – https://mma.prnewswire.com/media/2398374/Visitors_interact_a_humanoid_robot_opening_2024_Zhongguancun_Forum_Beijing.jpg

View original content:https://www.prnewswire.co.uk/news-releases/greater-efforts-urged-on-sci-tech-cooperation-302128473.html

Continue Reading

Artificial Intelligence

Web O.No: Metaverse and Web 3.0 stunted by internet chaos, warn 87% of business leaders

Published

on

web-ono:-metaverse-and-web-3.0-stunted-by-internet-chaos,-warn-87%-of-business-leaders

Forrit report uncovers the internet is at breaking point, thanks to open source vulnerabilities, siloed web management systems, and poor website governance.
LONDON, April 26, 2024 /PRNewswire/ — A new study launched by Forrit, the next-generation, global content management system (CMS) provider, reveals that 89% of senior marketers and tech leaders are optimistic that Web 3.0 and the metaverse have the potential to revolutionise the way we interact with the web. However, the report, titled Web O.No: your business’ bleak online future and how to avoid it uncovered that 87% believe the current state of the internet will stunt these innovations – and none of the respondents have websites that are currently equipped for this transformative new internet era.

As we near the 31st anniversary of the World Wide Web’s entry into the public domain, UK business decision-makers unanimously agreed that “the Internet today is a mess,” citing security flaws, vulnerabilities with open source web management systems, ungoverned websites, and multiple layers of legacy CMS systems.
Despite the report focusing on heavily regulated industries, financial services, utilities, and the legal sector, over half of the respondents (57%) revealed they have website security flaws. They also admitted customers would lose trust if they were exposed. Security vulnerabilities were most prevalent among those who run their websites on open source solutions, rising to 79% in this group. Expert respondents underscored the specific risk of open source plug-ins. Created by multiple third-party developers, they leave websites open to malicious compromise.
Beyond cyber-attacks, the report highlights the heightened risk of outages, dysfunctional interfaces, and hazardous content hidden within neglected pages of reputable websites. The latter is a risk for those operating multiple website management (CMS) systems – a common practice among the participants. Shockingly 44% admitted they don’t have control of the website content as a direct result of this practice.
With the internet spiralling out of control, Forrit labels this chaotic online future Web O.No.
Peter Proud, CEO and Founder, Forrit, explains the role of composable CMS platforms in putting the brakes on this doomsday scenario, “Forget Web 3.0, we’re heading towards Web O.No – a grim reality of an internet unfit for purpose unless we act now. It’s time to stop layering on outdated, vulnerable web management systems, which exacerbate the problem. Embracing a next-generation composable web management platform would introduce a new era of security, flexibility, and scalability for the internet, empowering businesses to embrace the future.”
The respondents reinforced this sentiment, with 89% asserting that composable architecture would empower their organisation to future-proof their digital infrastructure. This includes granting them the flexibility to adopt AI into the website—a capability that is inhibited by their current web management system, according to 72% of respondents.
Gary Roberts, CRO, Forrit, underscores this significance: “Your website management platform (CMS) should be an enabler of digital innovation, not a barrier. Embracing composable web architecture removes the current barriers, providing a clear pathway to the future – whether that’s the metaverse, Web 3.0, or any other pioneering tech advancement as yet undiscovered.”
Click here to download Forrit’s report – Web O.No: your business’ bleak online future and how to avoid it.
About ForritUK-based, global content management system provider, Forrit, has been helping large businesses in highly-regulated industries keep their web estate secure, simple-to-scale and easy-to-manage, for the last 10 years.
Our mission? To allow IT and marketing to manage their digital estate in perfect harmony. Through Forrit’s intuitive UI, low code CMS and content management configuration platform (Service Delivery Hub), the CMO and CTO can take joint control of their web estate.
An Azure-native solution, through which businesses can leverage any and all Azure Cloud Services, including AI-powered translation and automated migration, Forrit CMS is future proof and can be scaled or de-scaled as needed.
Sound technical? Not at all. Forrit’s platform requires no prior Azure knowledge or technical expertise to get everything needed from it. The plus to this, the strain is taken off the IT team, and the marketing team can create unrivalled digital experiences and manage content with ease.
With enterprise-grade security to top it off, Forrit’s cloud-native CMS helps businesses simplify their workflows, streamline their marketing efforts and scale at speed, securely.
About the researchCensuswide conducted the research with 505 UK IT and marketing decision-makers between 01.03.24 and 12.03.24. Censuswide abides by and employs members of the Market Research Society, which is based on the ESOMAR principles, and is a member of The British Polling Council.
 
 

View original content:https://www.prnewswire.co.uk/news-releases/web-ono-metaverse-and-web-3-0-stunted-by-internet-chaos-warn-87-of-business-leaders-302127761.html

Continue Reading

Artificial Intelligence

Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch

Published

on

identity-governance-&-administration-market-projected-to-reach-$24.42-billion-by-2030-–-exclusive-report-by-360iresearch

PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.

“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
Logo: https://mma.prnewswire.com/media/2359256/360iResearch_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/identity-governance–administration-market-projected-to-reach-24-42-billion-by-2030—exclusive-report-by-360iresearch-302126089.html

Continue Reading

Trending