Cloud Electronic Design Automation Global Market Report 2024

The cloud electronic design automation market size has grown strongly in recent years. It will grow from $7.37 billion in 2023 to $7.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to several factors, including the advancement of simulation capabilities within cloud electronic design automation (EDA), seamless integration with other cloud services, enhanced accessibility to design tools and resources, and improved security measures ensuring the protection of sensitive design data.

The cloud electronic design automation market size is expected to see strong growth in the next few years. It will grow to $10.7 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The forecasted growth is fueled by AI and machine learning integration, 5G and IoT expansion, customization, cybersecurity enhancements, and quantum computing integration. Key trends include AI-driven design automation, technological advancements, containerization, multi-cloud/hybrid architectures, and predictive analytics.

The burgeoning demand for automation is poised to drive significant expansion within the cloud electronic design automation (EDA) market. Automation, defined as the process of enabling apparatuses, processes, or systems to operate autonomously through the use of machines and computers, is witnessing heightened adoption due to its potential to revolutionize productivity, streamline operations, and curtail costs across various sectors. Within cloud electronic design automation (EDA), automation facilitates the development of cloud-native EDA tools and pre-optimized hardware platforms capable of autonomous operation. For example, in June 2022, Salesforce, in collaboration with Vanson Bourne, reported a surge in automation demand across more than 90% of surveyed companies, comprising 600 CIOs and IT decision-makers from global enterprises. Notably, departments such as research and development, administrative/operations, customer service, and marketing exhibited the highest demand for automation. Consequently, the escalating automation demand is a key driver fueling growth within the cloud electronic design automation (EDA) market.

Leading players within the cloud electronic design automation market are spearheading the development of cutting-edge technologies, including disruptive cloud-based Software-as-a-Service (SaaS) solutions, to bolster their market position and revenue streams. Disruptive cloud-based SaaS solutions leverage cloud computing to revolutionize industries or markets by providing convenient access to robust tools. For instance, in April 2022, Synopsys Inc, a prominent electronic design automation company based in the US, unveiled the synopsys cloud 4.0, a disruptive cloud-based SaaS solution aimed at revolutionizing chip development. This solution aims to expedite and democratize chip design processes by offering convenient access to powerful tools and resources, thereby empowering semiconductor companies to innovate rapidly, efficiently, and with greater agility.

In May 2023, Ansys Inc., a leading US-based engineering simulation software company, finalized the acquisition of Diakopto Inc. for an undisclosed sum. This strategic move aligns with Ansys' objective to enrich its software portfolio by integrating Diakopto's innovative EDA solutions. Diakopto's specialized offerings focus on expediting integrated circuit (IC) development and addressing critical challenges arising from layout parasitics. The acquisition is anticipated to complement Ansys' existing suite of solutions for engineers across all levels, empowering designers to optimize and troubleshoot designs more effectively, enhance IC performance, and accelerate development timelines. Diakopto Inc., also based in the United States, is renowned for its differentiated electronic design automation (EDA) solutions.

Major companies operating in the cloud electronic design automation market report 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.

North America was the largest region in the cloud electronic design automation market in 2023. 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. The countries covered in the cloud electronic design automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cloud electronic design automation (EDA) is a platform that utilizes cloud computing for designing and testing electronic systems, providing scalable resources and collaborative tools for engineers. It simplifies the development process by facilitating remote access, enabling efficient collaboration, and speeding up iteration cycles in chip and system design.

The primary types of cloud electronic design automation include computer-aided engineering, semiconductor intellectual property, IC physical design and verification, and printed circuit boards and multi-chip modules. Computer-aided engineering (CAE) involves using computers to aid in the engineering design process, encompassing simulation, analysis, and optimization of products and systems. CAE can be deployed through public, private, or hybrid cloud models, and finds applications in industries such as automotive, consumer electronics, aerospace and defense, industrial manufacturing, healthcare, and telecommunications.

The cloud electronic design automation market research report is one of a series of new reports that provides cloud electronic design automation market statistics, including cloud electronic design automation industry global market size, regional shares, competitors with cloud electronic design automation market share, detailed cloud electronic design automation market segments, market trends, and opportunities, and any further data you may need to thrive in the cloud electronic design automation industry. This cloud electronic design automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cloud electronic design automation (EDA) market includes revenues earned by entities by providing services such as system-level simulation and modeling services, design for manufacturability (DFM) analysis and optimization services, signal integrity analysis and simulation services, and power integrity analysis and optimization services. The market value includes the value of related goods sold by the service provider or included within the service offering. The cloud electronic design automation (EDA) market consists of sales of schematic capture tools, electronic components, development tools and platforms, test and measurement equipment, manufacturing equipment and tools, and design and analysis software. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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