Global Cloud EDA Market 2016-2020
EDA includes software tools that are used to design electronic systems such as printed circuit boards (PCBs) and integrated circuits (ICs). EDA helps electrical engineers (hardware engineers) and computer engineers (software engineers) to design, analyze, and simulate semiconductor chips. It also encompasses algorithms and methodologies for the design of very large-scale ICs. CAE, IC physical design and verification, PCB and multi-chip module (MCM), semiconductor intellectual property (SIP), and services together contribute to the growth of the global cloud EDA market. Various EDA tools are used to design and develop complicated and large-scale circuits, which are used in products across different industries. EDA tools help semiconductor and electronic product manufacturing companies reduce product development time and increase the accuracy of design.
Technavio’s analysts forecast the global cloud electronic design automation (EDA) market to grow at a CAGR of 6.9% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cloud electronic design automation (EDA) market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of cloud EDA software license by OEMs and electronic component suppliers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cloud Electronic Design Automation (EDA) Market 2016-2020
Technavio recognizes the following companies as the key players in the global cloud electronic design automation (EDA) market: Cadence Design Systems, Synopsis, and Mentor Graphics.
Other Prominent Vendors in the market are: Agilent, Agnisys, Aldec, Ansys, JEDA Technologies, MunEDA, Sigrity, and Zuken.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be shift from perpetual to subscription licensing model. Huge capital investment is a hurdle to the growth of the global cloud EDA market. The provision of EDA tools based on the subscription license model has smoothened the purchasing process for users. It enables users to create a mix of desired EDA tools. Users are eligible to receive upgrades and maintenance facilities for a specific time period. It also provides large companies and small and medium-sized enterprises easy access to these tools because the TCO has reduced substantially. The subscription time period ranges from a few months to two to three years.”
According to the report, increase in M&A will be a key driver for market growth. The global cloud EDA market is growing at a moderate pace. Major players in the market are trying to increase their market presence because of its potential for growth. The market is observing an increase in M&A and strategic alliances. Many large players and emerging vendors are following the M&A strategy to increase their market shares. M&A helps vendors to enhance their distribution channels and increase their market reach. M&A help companies to remain competitive and maintain their position in the market.
Further, the report states that the global cloud EDA market demands continuous support and maintenance as the tools involve the use of various applications in the product development cycle. They require continuous maintenance and upgrading of EDA because of continual changes in the operational environment. Many customers choose vendors based on the support and services they offer. The lack of workers with knowledge and EDA expertise is a challenge for the market. The market lacks adequate EDA professionals, which makes it difficult to meet the existing demands. Companies, such as Cadence Design Systems, regularly organize expos to update and educate users about their products.
Cadence Design Systems, Synopsis, and Mentor Graphics. Other Prominent Vendors in the market are: Agilent, Agnisys, Aldec, Ansys, JEDA Technologies, MunEDA, Sigrity, and Zuken.
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