LONDON–(BUSINESS WIRE)–Technavio has been monitoring the electronic design automation market and it is poised to grow by USD 3.66 billion during 2019-2023, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Agnisys Inc., ANSYS Inc., Autodesk Inc., Cadence Design Systems Inc., Keysight Technologies Inc., Siemens AG, Sigasi NV, Silvaco Inc., Synopsys Inc., and Xilinx Inc. are some of the major market participants. The use of EDA in electronic design will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the