Press release
Cloud Electronic Design Automation Global Market Report 2024 - By Demand, Share, Size, Drivers, Forecast To 2033
Cloud Electronic Design Automation Market
Cloud Electronic Design Automation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $10.7 billion In 2028 At A CAGR Of 7.7% :
The cloud electronic design automation market size has grown strongly in recent years. It will grow from $7.37 billion in 2023 to $7.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to advanced simulation capabilities, integration with other cloud services, accessibility, enhanced security.
The cloud electronic design automation market size is expected to see strong growth in the next few years. It will grow to $10.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to AI and machine learning integration, 5G and IoT growth, customization and personalization, cybersecurity enhancements, quantum computing integration. Major trends in the forecast period include AI-driven design automation, technological advancements, containerization and orchestration, multi-cloud and hybrid cloud architectures, predictive analytics and simulation.
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Cloud Electronic Design Automation Market Major Segments
The cloud electronic design automation market covered in this report is segmented -
1) By Type: Computer Aided Engineering, Semiconductor Intellectual Property, IC Physical Design And Verification, Printed Circuit Board and Multi-Chip Module
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Vertical: Automotive, Consumer Electronics, Aerospace And Defense, Industrial, Healthcare, Telecommunication
Key Driver - Rising Automation Demand Fuels Growth Of Cloud Electronic Design Automation (EDA)
The increasing demand for automation is expected to propel the growth of the cloud electronic design automation (EDA) market going forward. Automation refers to the technique of making an apparatus, a process, or a system operate automatically, utilizing machines and computers that can operate without needing human control. Automation is experiencing a surge in adoption driven by its potential to revolutionize productivity, streamline processes, and reduce costs across industries. Automation is helpful in cloud electronic design automation (EDA) by enabling the creation of cloud-native EDA tools and pre-optimized hardware platforms that can operate without needing human control. For instance, in June 2022, according to Salesforce, a US-based cloud-based software company, in partnership with Vanson Bourne, demand for automation has surged in over 90% of companies. The survey included 600 CIOs and IT decision-makers from global enterprises, and the highest demand for automation came from departments such as research and development, administrative/operations, customer service, and marketing. Therefore, the increasing demand for automation is driving the growth of the cloud electronic design automation (EDA) market.
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Prominent Trend - Embrace Open-Source Software To Drive Innovation And Revenue Growth
Major companies operating in the cloud electronic design automation market are developing advanced technologies, such as disruptive cloud-based SaaS solution to drive their revenues in the market. A disruptive cloud-based SaaS solution is a software-as-a-service (SaaS) solution that leverages cloud computing to transform an industry or market by providing easy access to powerful tools. For instance, in April 2022, Synopsys Inc, a US-based electronic design automation company, launched disruptive cloud-based Software-as-a-Service (SaaS) solution called synopsys cloud 4.0, aimed at transforming the chip development. This cloud-based SaaS solution aims to accelerate and democratize chip design by providing easy access to powerful tools and resources, thereby helping semiconductor companies to innovate faster, leaner, and more efficiently.
Cloud Electronic Design Automation Market Players
Major companies operating in the cloud electronic design automation market are Siemens AG, Sonnet Software Inc., Dolphin Design, OneSpin Solutions GmbH, Real Intent Inc., Concept Engineering GmbH, Blue Pearl Software Inc., Agnisys Inc, Agilent technologies , Dassault Systèmes, Tektronix, Inc., Keysight Technologies, Synopsys Inc., Autodesk Inc, Cadenece Design System, Forte Design Systems, Xilinx Inc., ANSYS Inc., Frontline PCB Solutions, CircuitSutra Technologies Pvt. Ltd., JEDA Technologies, Mentor Graphics Corporation, Nimbic Inc., Lattice Semiconductor Corporation, AWR Corporation, Zuken Inc., Tanner EDA, Empyrean Software
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Largest And Fastest Growing Region In The Market
North America was the largest region in the cloud electronic design automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud electronic design automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cloud Electronic Design Automation Market Report Structure
3. Cloud Electronic Design Automation Market Trends And Strategies
4. Cloud Electronic Design Automation Market - Macro Economic Scenario
5. Cloud Electronic Design Automation Market Size And Growth
…..
27. Cloud Electronic Design Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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