By 2023, it is anticipated that the global cloud electronic design automation (EDA) market will be worth US$6.7 billion. Over the forecast period, growth is predicted to occur at a CAGR of 9.8%. The market’s demand for digital tools and analogue design will probably increase as a result of cloud-based electronic design automation.
Engineers can perform research, analysis, and design on a safe and dynamic platform using cloud technology. The CEDA platform is utilised for embedded systems, industrial automation, automotive electronics, and more. Cloud computing is used to deliver the majority of CEDA’s tools and services, including collaboration tools, high-performance computing, and model-based prototyping.
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Cloud Electronic Design Automation (EDA) Market: – Market Dynamics
Growing Complexity of PCB Circuits is driving the Growth of Cloud Electronic Design Automation Market
Building a circuit involves implementing multiple wires and components and before designing, an engineer must consider a number of aspects such as input signals, desired output and error tolerance. Number of components and wires increases when circuit to be build is complex, which increases the probability of introducing errors. The design is relatively large and that is therefore a reasonable amount of drawing involved.
It provides a completed schematic at the end of this section so, if user have mastered the basics at any point, there is no need to continue with drawing the remainder of the circuitry. However, with cloud electronic design automation software, an engineer can simulate the circuit design and can get an idea about real-time issues associated with applying the circuit.
Cloud Electronic Design Automation (EDA) Market: – Key Players
The key players in the cloud electronic design automation (EDA) market are
- Sigasi
- Keysight Technologies
- JEDA Technologies
- CadSoft Computer
- Cadenece Design System
- Silvaco International
- Mentor Graphics
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Cloud Electronic Design Automation (EDA) market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Cloud Electronic Design Automation (EDA) market attractiveness as per segments.
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Cloud Electronic Design Automation (EDA) Market Segmentation
Product Type:
- Computer Aided Engineering
- Semiconductor Intellectual Property
- IC Physical Design & Verification
- Printed Circuit Board and Multi-Chip Module (MCM)
Vertical:
- Automotive
- Aerospace & Defense
- Industrial
- Healthcare
- Telecommunication
- Others
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