Cloud Electronic Design Automation Market Size

Cloud Electronic Design Automation Market in 2025 is assessed at USD 7.93 billion. The global market size was valued at more than USD 7.36 billion in 2024 and is expected to register a CAGR of over 9.7%, exceeding USD 24.52 billion revenue by 2037. North America is predicted to record USD 7.36 billion by 2037, fueled by early adoption of technologies such as 5G, AI, and ML.

The market has a lot of opportunities as the Internet of Things (IoT) grows. Important players can collaborate closely with up-and-coming IoT development firms. As a result, these partnerships will support the market expansion. By 2023, there will be about 15.14 billion IoT devices.

In addition, Artificial Intelligence (AI) and Machine Learning (ML) influence almost every industry, including electronics, healthcare, automotive, aerospace, and defense. Businesses are increasing the range of products they offer in the previously listed categories by integrating AI and ML into their products. EDA providers can benefit from these implementations of the offered technologies, which call for the usage of sophisticated electronic parts and processors. Software developers can shift from manual to automated process testing with the aid of artificial intelligence. During the projected time, these variables would support the expansion of the electronic design automation software industry.