The global semiconductor market is experiencing significant growth, with projections to reach USD 1234.4 billion by 2032. Key players such as Qualcomm, Intel, and Samsung are driving this expansion. Spend analytics for electronics and semiconductors are also on the rise, with a forecasted value of US$1,769.15 million by 2030, influenced by AI and big data analytics integration. Additionally, big data analytics in the semiconductor industry is poised to increase from $18.7 billion in 2021 to $47.2 billion by 2031.

Rapid Growth in Semiconductor Markets