Electronic Design Automation Software Market News In Brief – Current Trends And Industry Analysis By 2027

Electronic Design Automation Software Market

Electronic Design Automation Software Market

The growth of the Internet of Things (IoT) coupled with connected devices is driving the growth of the Electronic Design Automation (EDA) market.

PORTLAND, PORTLAND, OR, UNITED STATES, Sept. 18, 2022 /EINPresswire.com/ — An increasing demand for compact electronic components required for smart wearable devices, electronic devices and medical devices, advances in system-on-chip ( SoC) and increasing adoption of mobile and wireless devices and increasing adoption of AI and IoT devices are the major factors driving the growth of electronic design automation software market.

Download the sample report (Get Full Insights in PDF – 267 Pages) at: https://www.alliedmarketresearch.com/request-sample/5805

In addition, the increasing need for remote access is also fueling the growth of the EDA software market. However, a lack of expertise in virtualization is expected to inhibit the growth of the EDA market. On the contrary, an increasing demand for smaller electronic devices and an increasing demand for machine learning in EDA offer lucrative opportunities for electronic design automation software market growth in the coming years.

Depending on the type, the integrated circuit (IC) physical design and verification segment is expected to witness significant growth in the overall electronic design automation software market during the forecast period. This is attributed to the increase in complexity of IC designs and the increasing demand for high accuracy and precision in semiconductor devices.

For Full Executive Summary Visit: https://www.alliedmarketresearch.com/electronic-design-automation-software-market

In addition, end users are increasingly turning to EDA IC design and verification tools to automate the placement and routing of circuits on an IC or application specific integrated circuit (ASIC). Cloud-based IC physical design EDA tools are also gaining attention in the EDA software market. Cloud computing allows end users to get instant access to the CPU resources needed for their physical verification.

Also Read :  Valley Assistance Network and goes mobile – Royal Examiner

By application, the consumer electronics segment accounted for the highest market share of electronic design automation software in 2019, driven by continuous advances in consumer electronics such as smartphones, laptops, desktops, tablets, cameras and more.

The EDA software is also intended to fill the unmet need for methods, models and tools that would enable faster and more accurate design and verification of microelectronic systems and circuits, driving the growth of the electronic design automation software industry.

LIMITED TIME OFFER – Buy now and get an exclusive discount on this report

Depending on the region, the global electronic design automation software market in 2019 was dominated by North America. The strong presence of leading market vendors developing electronic design automation software and the early adoption of advanced technologies such as IoT and AI in North America are the key drivers behind the growth of the electronic design automation software market.

Additionally, increasing demand from sectors such as automotive, medical, communications and other industries in North America continues to drive market growth in this region.

Global Electronic Design Automation Software Market Analysis includes some of the major market players such as ANSYS, Inc., Altair, Altium LLC, Aldec, Inc., Autodesk, Cadence Design Systems, Inc., Keysight Technologies, Mentor (a Siemens company), Silvaco Inc. and Synopsys.

Also Read :  NLP to increase diversity in text analysis

Main results of the study-

• By type, the Semiconductor Intellectual Property (SIP) segment was the largest electronic design automation software market in 2019.

• By application, the consumer electronics segment led the global electronic design automation software market in 2019.

• North America was the region with the highest sales in 2019; However, Asia-Pacific is expected to register the highest growth over the forecast period.

For report customization: https://www.alliedmarketresearch.com/request-for-customization/5805

Thank you for reading this article; You can also get individual chapter wise section or regional report version like North America, Europe or Asia.

If you have special requirements, please let us know and we will offer you the report according to your requirements.
Finally, this report offers the most comprehensive market information. The reporting structure has been kept to offer maximum business value. It provides key insights into market dynamics and enables strategic decisions for both the existing market players and those ready to enter the market.

Related report:

1. Big data analytics in semiconductor and electronics market

About us:

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global, medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR strives to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.

Also Read :  Here is why you should use a password manager for your internet accounts

Pawan Kumar, the CEO of Allied Market Research, leads the organization to provide quality data and insights. We have professional business relationships with various companies. This helps us dig up market data that help us create accurate research data tables and confirm the highest accuracy of our market forecasts. Every data company in the domain is affected. Our secondary data sourcing methodology includes in-depth presentations in the reports we publish and is extracted from leading online and offline research and discussions with knowledgeable professionals and analysts in the industry through primary interviews with top officials.

David Korrea
Allied Analytics LLP
email us here
Visit us on social media:

Source link