Press release
Global EDA market to grow at a CAGR of 5.5% during the period 2017-2021
Description
PLM software deals with different functional levels of an organization, design engineering, manufacturing, and product designing, The need to manage a product from the concept stage to the servitization stage has led to the emergence of PLM software and services. The increase in product complexities and product portfolio across organizations has created a demand for solutions in the production process across industries. The implementation of PLM in an organization improves capital efficiency, revenue generation, and cost management.
Technavios analysts forecast the global EDA market to grow at a CAGR of 5.5% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global EDA market for 2017-2021. To calculate the market size, the report considers the revenue generated from EDA tools.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global EDA Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Cadence Design Systems
Synopsys
Siemens PLM Software
Other prominent vendors
Keysight Technologies
Agnisys
Aldec
Ansys
JEDA Technologies
MunEDA
Zuken
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Market driver
Use of EDA in aerospace and defense industry for reducing design time
For a full, detailed list, view our report
Market challenge
Difficulty in integrating advanced design models
For a full, detailed list, view our report
Market trend
Shift from perpetual to subscription licensing model
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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