Published On : 23 Aug 2017
QYResearchReports has added a new report, titled “Global Cloud Electronic Design Automation (EDA) Market Size, Status and Forecast 2022,” to its expansive database of market research reports. According to the report, the global adoption of cloud electronic design automation is increasing on account of the reduction in errors and time required to design in the manufacturing of defense equipment. The cost is also reduced when cloud electronic design automation is used. Thus, the aerospace and defense sectors, both use it for their benefit. Many companies in the aerospace sector have made use of cloud electronic design automation for streamlining the wire designing process and for reducing the time taken in electrical system integration. All these factors are anticipated to ensure a healthy growth of the global cloud electronic design automation market.
One of the factors affecting the market’s growth in a negative manner is the requirement of huge capital investment. However, the shift to a subscription-based model as opposed to a perpetual model will drive the growth prospects of the global cloud electronic design automation market. The subscription license model will help vendors offer a mix of only the desired EDA tools, apart from maintenance facilities and upgrades. This model reduces the cost of operation and shall therefore be adopted by both small and medium-sized companies, while previously only large companies could afford to use cloud electronic design automation.
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The global cloud electronic design automation market can be segmented on the basis of product into CAE, SIP, IC, MCM and PCB. On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. It is estimated that North America will lead and be a lucrative market for cloud electronic design automation. The heightened adoption of electronic features and components in vehicles is one of the key factor boosting the growth of this market in the region. The introduction of policies that work in favor of the market and the high traction received by miniaturization of electronic products are some of the other reasons behind the growth of this market in North America. The presence of leading cloud electronic design automation vendors is another key reason for the growth of this market in this part of the world.
The global cloud electronic design automation market demand the presence of a large number of EDA expert professionals and this is causing a considerable barrier for new entrants from entering the market. The key players in the market have been profiled in the report and they are: Cadence Design Systems, MunEDA, Mentor Graphics, Agilent, Synopsys, Agnisys, Ansys, JEDA Technologies, Aldec, Sigrity, and Zuken. Small companies are offering innovative solutions at reasonable prices to pose a stiff competition for large players.
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