Product:
The Electronic Design Automation (EDA) software market is segmented based on product into computer-aided engineering (CAE), IC physical design and verification, printed circuit board (PCB) and multi-chip module (MCM), semiconductor intellectual property (SIP), and others. Among these, the IC physical design and verification segment holds a significant market share due to the increasing demand for advanced semiconductor devices with complex designs.
Deployment:
In terms of deployment, the EDA software market is categorized into on-premise and cloud-based. While on-premise deployment offers greater control and security over the data, the cloud-based deployment is gaining traction due to its scalability and cost-effectiveness. The cloud-based deployment model is expected to witness rapid growth in the forecast period.
Application:
EDA software is widely used in various applications such as automotive, aerospace and defense, consumer electronics, telecom, and others. The consumer electronics segment dominates the market owing to the rising demand for smartphones, tablets, and other electronic devices. On the other hand, the automotive sector is expected to witness substantial growth with the increasing adoption of EDA software for designing advanced driver-assistance systems (ADAS) and autonomous vehicles.
End-use:
Based on end-use, the EDA software market is segmented into large enterprises and small and medium enterprises (SMEs). Large enterprises account for a significant market share as they have the resources to invest in advanced EDA software solutions for complex design requirements. However, SMEs are increasingly adopting EDA software to enhance their product development capabilities and stay competitive in the market. The growing trend of digital transformation across industries is expected to drive the demand for EDA software among SMEs in the coming years.