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EDA Tools Market for IC Industry Expected to Reach US$ 3,031.7 Mn by 2026According 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. I n 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. Growing list of EDA tools vendors likely to boost the growth of the market over the forecast period 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. Request a PDF Sample of EDA Tools Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27110 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. 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.The research study includes profiles of leading companies operating in the global EDA tools market for IC industry. Some of the key players profiled in the report include Agnisys Technology Pvt Ltd., Aldec, Altium Ltd, Ansys Inc., Arm Holdings, Cadence Design Systems Inc., Keysight Technologies Inc., JEDA Technologies, Mentor Graphic Corporation, MunEDA GmbH, Siemens PLM Software Ltd., Synopsys Inc. and Zuken Inc. As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |