EDA Tools Market

EDA Tools Market for IC Industry Expected to Reach US$ 3,031.7 Mn by 2026
According to a new market report published by Transparency Market Research, the global EDA
tools market for IC industry is expected to reach a value of US$ 3,031.7 Mn by 2026, supported
by rising adoption of compliance initiatives, improved operational efficiency, and controlled
workflow. The market is projected to expand at a CAGR of 6.8% during the forecast period from
2018 to 2026.The highly competitive environment has compelled players to focus on efficient
manufacturing techniques. In addition, rising penetration of VLSI (Very-large-scale integration)
is boosting the global demand for advanced and sophisticated EDA tools. Asia Pacific is
anticipated to be the fastest growing region for the market during the forecast period which is
expected to be followed by Europe. The EDA tools market is experiencing flourishing growth in
terms of adoption across different industry verticals around the globe. Increasing
implementation of Big Data analytics and artificial intelligence by vendors is further
contributing to the growth of the EDA tools market for IC industry.
Request a PDF Sample of EDA Tools Market https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27110
Growing list of EDA tools vendors likely to boost the growth of the market over the forecast
The growth of EDA tools is directly or indirectly related to the growth of E-CAD (Electronic
Computer Aided Design), as most vendors offer EDA tools as an add-on feature to their overall
E-CAD solutions. Adoption of EDA tools by small and medium-sized enterprises (SMEs) is
increasing mainly due to cost efficiency as well as limited capital investment required for
subscription based (cloud) services. Adoption of cloud based EDA tools in an organization for
cost cutting and time savings (process optimization) is fuelling the growth of the market
substantially with the trend expected to be maintained during the forecast period.
EDA Tools Market for IC Industry: Scope of the Report
The EDA tools market for IC industry has been segmented on the basis of parameters such as
component, application, deployment, and geographical regions. In terms of component, the
market has been segmented into solution and services. The solution segment has further been
segmented into bundled and standalone while the services segment has been classified into
managed and professional services. Based on application, the market has been divided into
design, verification, and simulation. In terms of deployment, the market has been segmented
into cloud and on-premise. The cloud segment has further been classified into private cloud,
public cloud, and hybrid cloud. The report covers the analysis of these segments across North
America, Europe, Asia Pacific, Middle East & Africa, and South America, along with the
qualitative analysis of market estimates supplementing the growth of the EDA tools market for
IC industry during the forecast period. Private and hybrid cloud segments are anticipated to
experience lucrative growth opportunities in the market. In terms of adoption of EDA tools, the
private cloud segment is projected to expand at a CAGR of approximately 7.6% during the
forecast period from 2018 to 2026.
North America and Europe collectively accounted for more than 50% of the global market share
in 2017, with North America holding larger share of the market. Technological developments
and relatively higher maturity in terms of technology penetration are major drivers of the EDA
tools market for IC industry in North America. Within the Europe EDA tools market for IC
industry, Germany held the largest revenue share in 2017, closely followed by the U.K. The
market in Asia Pacific, which includes China, India, Japan, and Rest of Asia Pacific, is expected to
witness the fastest growth during the forecast period attributed to rapid technological
developments in various industry verticals across different countries. Moreover, several
emerging economies in the region experiencing growth in their infrastructure which covers the
government sector, IT sector, law firms, chemical industry, and others, is further supporting the
growth of the EDA tools market for IC industry in this region.