Cloud Electronic Design Automation Market Share

North American Market Forecast

Cloud electronic design automation market in the North America is expected to hold the largest revenue share of about 30% during the forecast period. The early adoption of cutting-edge technology, such as 5G, machine learning, and artificial intelligence, among others, and the rise of several industries, including consumer electronics and automotive, are responsible for the region's success. This has been a significant factor in the demand in the area. For instance, U.S.-based EDA solution supplier Cadence Design Systems, Inc. stated in June 2022 that it will expand its partnership with U.S.-based technological solution provider Arm Limited. Using Arm Total Compute Solutions 2022 (TCS22) and Cadence digital and verification technologies, the businesses will collaborate to accelerate the development of mobile device silicon. For 5nm and 7nm nodes, Cadence will provide its RTL-to-GDS digital flow Rapid Adoption Kits in an effort to assist clients in achieving optimum power and enhancing productivity. North America is anticipated to have growth throughout the projection period because to its strong wireless infrastructure and government assistance.

APAC Market Statistics

The cloud EDA market in the Asia Pacific region is projected to hold the second-largest revenue share of about 27% during the projected period. Novel deploy mentalities have been necessary due to the growing complexity of SoC designs. Cloud technologies help address these issues since they are scalable. The ability to access cloud-based solutions from anywhere in the company is their primary advantage. As a result, to build complex electrical systems, semiconductor businesses are depending more and more on cloud-based technologies. Over the projection period, these variables would support the region's growth even more.