The article cited AMA's Global Application Specific Integrated Circuit Market Study explored substantial growth with CAGR of 8.6%. According the report, The Upsurging demand for smartphones and tablets is one of the primary growth factors for the market. Increasing Demand from the Consumer Electronics Industry is also expected to contribute significantly to the Application Specific Integrated Circuit market. Overall, IT & telecommunication applications of Application Specific Integrated Circuit, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as International Business Machines Corporation (United States), Microsoft Corp. (United States), Oracle Corp. (United States), SAP SE (Germany), Salesforce.com, Inc. (United States), Hewlett Packard Enterprise Company (United States), Alphabet Inc. (United States), ServiceNow, Inc. (United States), CA Technology Inc. (United States) and Compuware Corp. (United States) may see astonishing sales in this Market and certainly improve revenue growth.

AMA’s Analyst on the Global Application Specific Integrated Circuit market identified that the demand is rising in many different parts of the world as "Technological advancements such as big data analytics, Internet of Things (IoT), blockchain, and machine learning". Furthermore, some recent industry insights like "In December 2021, IBM partnered with Samsung Electronics and launched semiconductor design new vertical transistor architecture that demonstrates a path to scaling beyond Nano sheet with potential to reduce energy usage by 85 percent compared to a scaled fin field-effect transistor. This helped IBM to expand its presence in application specific integrated circuit market" is constantly making the industry dynamic. One of the challenges that industry facing is "The concern related to factors such as the high cost of manufacturing customized circuits"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Application Specific Integrated Circuit market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Application Specific Integrated Circuit market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Application Specific Integrated Circuit market tight?
• Which application/end-user category or Product Type [Full-Custom ASICS, Semi-Custom ASICs and Platform ASICs] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Application Specific Integrated Circuit market and other related sub-markets covered in the study.

o Key & emerging players in the Application Specific Integrated Circuit market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Application Specific Integrated Circuit market size is calculated using market estimation process, the Application Specific Integrated Circuit market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Application Specific Integrated Circuit market size has been validated using both top-down and bottom-up approaches.