Cloud Electronic Design Automation Market Size

  • Report ID: 5532
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Cloud Electronic Design Automation Market Size

Cloud Electronic Design Automation Market size was over USD 7.36 billion in 2024 and is poised to exceed USD 24.52 billion by the end of 2037, growing at over 9.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cloud electronic design automation is estimated at USD 7.93 billion.

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.


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Author Credits:  Abhishek Verma


  • Report ID: 5532
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of cloud electronic design automation is estimated at USD 7.93 billion.

Cloud Electronic Design Automation Market size was over USD 7.36 billion in 2024 and is poised to exceed USD 24.52 billion by the end of 2037, growing at over 9.7% CAGR during the forecast period i.e., between 2025-2037. Increasing advent of internet of things and government initiatives for boosting electronics industry will drive the market growth.

North America industry is expected to dominate majority revenue share of 30% by 2037, impelled by early adoption of cutting-edge technology in the region.

The major players in the market are Keysight Technologies Inc, ANSYS Inc., Synopsys Inc., Xilinx Inc., Siemens AG, Autodesk Inc, Dolphin Design, Agnisys Inc, Altium Limited, and others.
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