The cloud electronic design automation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cloud Electronic Design Automation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
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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Scope Of Cloud Electronic Design Automation Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cloud Electronic Design Automation Market Overview
Market Drivers -
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.
Market Trends -
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.
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
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Regional Insights -
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.
Key Companies -
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
Table of Contents
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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