According to a market report by Lucintel, the future of the global silicon platform as a service market looks promising with opportunities in the mobile internet devices, datacenters, internet of things, wearable electronics, smart homes, automotive, healthcare, robotics, aerospace & defense, energy & utilities, communication, and consumer electronics markets. The global silicon platform as a service market is expected to reach an estimated $8.1 billion by 2030 with a CAGR of 15.8% from 2024 to 2030. The major drivers for this market are higher adaption in data center, rising need for cloud-based platforms and services, and high demand for faster and more efficient application development and deployment.

In this market, IP-centric, platform-based custom silicon solutions, and end-to-end semiconductor turnkey services are the major segments of silicon platform as a service market by type.

Lucintel forecasts that IP-centric is expected to witness highest growth over the forecast period due to segment has highest share due to the benefits such as decrease development timeline along with development costs.

Within this market, mobile internet devices will remain the largest segment due to increasing demand for smartphones across the globe.

APAC is expected to witness highest growth over the forecast period due to increasing demand for data centers in China and India.

Verisilicon, Tilera, Frontier Silicon, Silicon Storage Technology, and Macronix International are the major suppliers in the silicon platform as a service market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com