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Electronic Design Automation Software Market to Reach $20.89 Billion, Globally, by 2027 at 9.6% CAGR: Allied Market Research- Rise in adoption of FinFET architecture for designing modern processors, advancement in SoC technology, and increase in penetration of IoT, AI, and VR technology fuel the growth of the global electronic design automation software market PORTLAND, Ore., Feb. 2, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Electronic Design Automation Software Market by Type (Computer-aided Engineering (CAE), IC Physical Design and Verification, Printed Circuit Board and Multi-chip Module (PCB and MCM), Semiconductor Intellectual Property (SIP) and Services), and Application (Communication, Consumer Electronics, Automotive, Industrial, Aerospace & Defense, Medical, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global electronic design automation software industry was estimated at $10.20 billion in 2019, and is anticipated to hit $20.89 billion by 2027, registering a CAGR of 9.6% from 2020 to 2027.  Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5805 Drivers, restraints, and opportunities: Rise in adoption of FinFET architecture for designing modern processors, advancement in SoC technology, and increase in penetration of IoT, AI, and VR technology fuel the growth of the global electronic design automation software market. On the other hand, availability of the open-source EDA software impede the growth to some extent. However, surge in demand for compact electronic devices and machine learning in EDA is expected to create lucrative opportunities in the industry. Impact of COVID-19 Pandemic on Electronic Design Automation Software Market:
Get detailed COVID-19 impact analysis on the Electronic Design Automation Software Market: https://www.alliedmarketresearch.com/request-for-customization/5805?reqfor=covid The Semiconductor Intellectual Property (SIP) segment to dominate by 2027- Based on type, the Semiconductor Intellectual Property (SIP) segment contributed to nearly one-third of the global electronic design automation software market share in 2019, and is expected to lead the trail by the end of 2027. The need of EDA software to offer pre-verified and customizable IP subsystems, architecture design expertise, hardening, signal/power integrity analysis, and IP prototyping kits drive the growth of the segment. On the other hand, the IC Physical Design and Verification segment woul also register the fastest CAGR of 12.7% throughout the forecast period, owing to factors such as need for custom IC layout editing, support for the physical implementation of custom digital, analog and mixed-signal designs for device, cell, block , and full chip levels. The consumer electronics segment to maintain the dominant share- Based on application, the consumer electronics segment accounted for more than one-fifths of the global electronic design automation software market revenue in 2019, and is anticipated to dominate by 2027. EDA tools are increasingly used by consumer electronics manufacturers owing to the compact designs of new electronic items. This factor drives the growth of the market in this segment. On the other hand, the automotive segment would exhibit the fastest CAGR of 11.3% from 2020 to 2027. The fact that automotive field is offering great growth prospects to the Computer Aided Engineering (CAE) and semiconductor IP industries further drives the market growth. For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5805 North America garnered the major share in 2019: Based on geography, the market across North America, garnered the major share in 2019, holding nearly two-fifths of the global electronic design automation software market. North America has the highest rate of adoption of advanced technologies such as AI, cloud, and others. Thus, adoption of machine learning integrated Electronic Design Automation (EDA) Software by the electronics manufacturers is boosting the growth of this market. At the same time, the Asia-Pacific region would also showcase the fastest CAGR of 11.6% during the forecast period. This is due to the ever growing smartphone penetration, increasing popularity of smart wearable devices, growing electronic manufacturing companies in countries such as China, India, and Japan. Official Press Release: https://www.alliedmarketresearch.com/press-release/electronic-design-automation-software-market.html Key players in the industry-
Similar Research Reports for Information, Communication and Technology: Veterinary Software Market Expected to Reach $2.01 Billion by 2027 Big Data Analytics in Retail Market Expected to Reach $4.43 Billion by 2027 Team Collaboration Software Market Expected to Reach $26,493 Million by 2027 Workforce Management Market Expected to Reach $9,391 Million by 2027 Online/Virtual Fitness Market Expected to Reach $59.23 Billion by 2027 AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model): AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports. Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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