Cloud Electronic Design Automation (EDA) Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2027
Cloud Electronic Design Automation (EDA) Market Growth Rate,
Future Scope, Analysis, Business Development and CAGR To 2027
Overview
Cloud EDA or cloud electronic design automation is a software tool generally used by the
semiconductor industries for the designing complex electronic systems. EDA tools on cloud allows
the user to use it from any place and helps the companies to design and developed highly
complicated large-scale circuits used in some of the crucial industries such as healthcare,
automotive and aerospace. Some of the systems which are used in cloud EDA is CAE (computer
added engineering), ICs, wafers among others. Due to the advancement in technology and
integration of cloud with the current system, the market is showing tremendous growth and is
expected to do so in the future. Integration of cloud also encompasses algorithms and methodologies
for the large-scale ICs.
Earlier the designing of circuit boards were manual tasks which was time taking process and with the
adoption of electronic design automation, the designing become easy and also offered several other
benefits such as reduced time, errors, and cost. Cloud EDA also offers various other benefits to the
companies such as reduced product development time, high accuracy and optimum utilization of
resource. The company also can save huge amount of money which used to occur while following
manual production stages. Cloud EDA offers its users a pay-per-usage design environment which
helps to reduce the extra cost which occurs.
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Key Players:
Cadence Design Systems, Mentor Graphics, Synopsys, Agilent, Agnisys, Aldec, Ansys, JEDA Technologies,
MunEDA, Sigrity, Zuken among others are some of the prominent players profiled in MRFR Analysis and are
at the forefront of competition in the global Cloud Electronic Design Automation (EDA) market. Cloud EDA
offers wide range of benefits to the industry and manufacturing companies which is helping the market
growth around the world.
Segmentation
Segmentation by Type: CAE, SIP (Semiconductor Intellectual Property), IC Physical Design and
Verification, Printed Circuit Board (PCB) and Multi-Chip Module (MCM)
Segmentation by Application: Military/Defense, Aerospace, Telecom, Automotive, Industrial, Others
Regional Analysis
Cloud Electronic Design Automation (EDA) Market is growing with the positive growth in all the regions.
Growing need of efficient and automated manufacturing system in the industry is driving the market of cloud
EDA around the world. By geography, North America is dominating the market due to the presence of global
players in the region and high development in the field of technology and cloud computing is supporting the
market growth in North America region.
Also, high development and adoption of automation in the manufacturing sector in U.S. and Canada is
also helping the market growth. Asia-Pacific stands as second largest market for cloud EDA. Rich
presence of semiconductor manufacturing companies in China, Japan and South Korea are some of
the major driving factors supporting the market in Asia Pacific. Also, high demand for consumer
electronic products from the region is forcing the manufacturers to adopt latest technologies in the
manufacturing process. Europe stands as third largest market for the cloud EDA. Presence of
developed countries such as Germany, France, Italy, Netherlands and U.K. are one of the major
driving factor behind the growth of the market in Europe region. Also, growing automotive industry in
European region is also driving the market .
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