Global Cloud Electronic Design Automation Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

 Overview and Scope

Cloud electronic design Automation (EDA) is a platform leveraging cloud computing for designing and testing electronic systems, offering scalable resources and collaborative tools for engineers. It streamlines the development process, enabling remote access, efficient collaboration, and faster iteration cycles in chip and system design.

Sizing and Forecast
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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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The cloud electronic design automation market report table of contents includes:
1. Executive Summary

2. Cloud Electronic Design Automation Market Characteristics

3. Cloud Electronic Design Automation Market Trends And Strategies

4. Cloud Electronic Design Automation Market - Macro Economic Scenario

5. Global Cloud Electronic Design Automation Market Size and Growth

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32. Global Cloud Electronic Design Automation Market Competitive Benchmarking

33. Global Cloud Electronic Design Automation Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Cloud Electronic Design Automation Market

35. Cloud Electronic Design Automation Market Future Outlook and Potential Analysis

36. Appendix

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