Global Cloud Electronic Design Automation Market Projected to Grow at 7.6% CAGR, Reaching $11.49 Billion by 2029

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What Will the Cloud Electronic Design Automation Industry Market Size Be by 2025?
The market size of cloud electronic design automation has seen a robust growth in the last few years. The market is projected to expand from $7.96 billion in 2024 to $8.59 billion in 2025, signifying a compound annual growth rate (CAGR) of 7.9%. Factors like sophisticated simulation features, combination with supplementary cloud services, ease of access and superior security can be credited for the growth seen in the past period.

What's the Long-Term Growth Forecast for the Cloud Electronic Design Automation Market Size Through 2029?
Expectations are high for robust expansion in the cloud electronic design automation market in the coming few years, with an anticipated growth to $11.49 billion by 2029 at a 7.6% Compound Annual Growth Rate (CAGR). The projected growth during this period is underpinned by the integration of AI and machine learning, the expansion of 5G and IoT, the drive towards customization and personalization, enhancements in cybersecurity, and the incorporation of quantum computing. Key trends influencing this forecast period include the automation of design driven by Artificial Intelligence, technological progress, containerization and orchestration, the adoption of multi-cloud and hybrid cloud architectures, as well as predictive analytics and simulation.

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What Are the Key Growth Drivers Fueling the Cloud Electronic Design Automation Market Expansion?
The escalating need for automation is forecasted to drive the expansion of the cloud electronic design automation (EDA) market in the future. Automation denotes the methodology of enabling devices, operations, or systems to function independently, with the use of machines and computers that can operate in the absence of human intervention. There has been a substantial increase in the adoption of automation due to its potential to revolutionize productivity, improve processes, and lower costs across various sectors. Automation proves beneficial in cloud electronic design automation (EDA) by facilitating the development of cloud-native EDA tools and pre-optimized hardware platforms capable of running without human intervention. To illustrate, Salesforce, a US-based cloud software company, reported in June 2022 that over 90% of companies have experienced an increase in demand for automation in conjunction with Vanson Bourne. The study involved 600 Chief Information Officers and IT decision-makers from multinational companies, with the most significant demand for automation stemming from departments like research and development, administrative/operations, customer service, and marketing. As a result, the escalating demand for automation is propelling the expansion of the cloud electronic design automation (EDA) market.

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What Are the Key Trends Driving Cloud Electronic Design Automation Market Growth?
Leading firms in the cloud electronic design automation market are utilizing innovative technologies such as transformative cloud-based SaaS solutions to boost their earnings in the market. A transformative cloud-based SaaS solution is a software-as-a-service solution that uses the power of cloud computing to revolutionize a market or industry by offering easy access to robust tools. To illustrate, in April 2022, Synopsys Inc, an American electronic design automation organisation, introduced a transformative cloud-based Software-as-a-Service (SaaS) solution named synopsys cloud 4.0, with the goal of redefining chip development. The primary intent of this cloud-based SaaS solution is to expedite and democratize chip design by offering straightforward access to potent tools and resources, thereby assisting semiconductor firms to innovate at a quicker pace, more leanly, and with greater efficiency.

How Is the Cloud Electronic Design Automation Market Segmented?
The cloud electronic design automationmarket covered in this report is segmented -

1) By Type: Computer Aided Engineering, Semiconductor Intellectual Property, IC Physical Design And Verification, Printed Circuit Board And Multi-Chip Module
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Vertical: Automotive, Consumer Electronics, Aerospace And Defense, Industrial, Healthcare, Telecommunication

Subsegments:
1) By Computer Aided Engineering (CAE): Simulation And Analysis Tools, Finite Element Analysis (FEA) Software, Computational Fluid Dynamics (CFD) Software, Thermal And Structural Analysis Tools
2) By Semiconductor Intellectual Property (IP): Processor IP, Interface IP, Analog Or Mixed-Signal IP, Security IP
3) By IC Physical Design And Verification: Place And Route Tools, Design Rule Check (DRC) Tools, Layout Versus Schematic (LVS) Tools, Timing Analysis Tools
4) By Printed Circuit Board (PCB) And Multi-Chip Module (MCM): PCB Design Tools, MCM Design Tools, PCB Fabrication And Manufacturing Solutions, Signal Integrity Analysis Tools

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Which Companies Are Leading the Charge in Cloud Electronic Design Automation Market Innovation?
Major companies operating in the cloud electronic design automation market are Siemens AG, Sonnet Software Inc., Dolphin Design, OneSpin Solutions GmbH, Real Intent Inc., Concept Engineering GmbH, Blue Pearl Software Inc., Agnisys Inc, Agilent technologies, Dassault Systèmes, Tektronix, Inc., Keysight Technologies, Synopsys Inc., Autodesk Inc, Cadenece Design System, Forte Design Systems, Xilinx Inc., ANSYS Inc., Frontline PCB Solutions, CircuitSutra Technologies Pvt. Ltd., JEDA Technologies, Mentor Graphics Corporation, Nimbic Inc., Lattice Semiconductor Corporation, AWR Corporation, Zuken Inc., Tanner EDA, Empyrean Software

Which Regions Are Leading the Global Cloud Electronic Design Automation Market in Revenue?
North America was the largest region in the cloud electronic design automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud electronic design automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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