The global cloud electronic design automation (EDA) market will grow steadily during the forecast period and will post a CAGR of almost 7% by 2022. The adoption of EDA leads to a reduction in the design time, errors, and cost and is mainly used in the manufacture of aerospace and defense equipment.

Albany, NY -- (SBWire) -- 02/16/2017 --Due to the constant technological advancements, the demands of different sectors of getting unique ideas and solutions are increasing. In recent years, electronic design automation has gained a significant importance due to its effective solutions. To explore the global market size and development status, the latest study titled "Global Cloud Electronic Design Automation (EDA) Market 2022" Size, Status and Forecast has been published to the online repository of Market Research Hub's portal. This study analyzes the global market, by covering some of the major regions such as United States, China, EU, India, Japan and Southeast Asia.

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In the initial segment, the report provides a brief overview of the Cloud Electronic Design Automation Market along with its market segmentation by its types and applications or end users. The report studies that, cloud computing is growing as a class of solution that applied to EDA. EDA clouds have established track records in supporting demanding users on a global scale. This also provides secure cloud service with built-in access to electronic design tools. The report further studies that, the reduction in design time is one of the major advantages that EDA offers and will be one of the primary factors powering the growth of the cloud EDA market.

Electronic design automation or EDA is a sub-segment of software tools which is mainly used for designing electronic systems like printed circuit boards and unified circuits. The main advantage of EDA includes, it conserves all information pertaining to the design, which makes it easier to incorporate changes in the design itself. Nowadays, rising design complexity requires large computing resources that work better if distributed over many servers. Thus, with the innovation of cloud computing in this industry, there is also a large emotional component in the electronic design community's thinking about cloud adoption. Moreover, the report segments the market on the basis of types and applications. By types, it has been categorized into;

IC Physical Design and Verification
SIP (semiconductor intellectual property)
CAE
Printed Circuit Board (PCB)
Multi-chip Module (MCM)

End-users of EDA are electrical engineers and computer engineers, mainly uses this process to design, analyze and simulate semiconductor chips. Moving further through the regional outlook, the report evaluates the growth prospects, market share, consumption, revenue etc. that influence the growth of the market during the forecast period of 2017 to 2022. A worldwide assessment of the current market situation, historical technological developments, present innovations and future opportunities for progress has been presented in this study.

The next section of the report covers details of key players operating in this market. They are as follows:

Cadence Design Systems
Ansys
Mentor Graphics
Agilent
Agnisys
Sigrity
Aldec
JEDA Technologies
Synopsys
MunEDA
Zuken

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